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[AudraMiller]

One of the major news articles that hit the internet over the last couple of months is how the country of El Salvador has moved to such a state that it has managed to legalize Bitcoin and is using it as a form of payment in the country as well. In a recent news article it seems that in order to back up Bitcoin the country could be set to issue digital bonds to people. What are your thoughts on this?

 

[sh199]

Yeah, if bitcoin is using on a large scale then it needs to regulate the preventation of illegal activities and make the ecosystem better. Hopes that, in the near future others country also legalize bitcoin.

 

[AudraMiller]

Yeah, if bitcoin is using on a large scale then it needs to regulate the preventation of illegal activities and make the ecosystem better. Hopes that, in the near future others country also legalize bitcoin.

In my opinion other countries will start with this movement after they see the impact that crypto has on El Salvador. If it is successful then other countries will follow as well.

 

[sh199]

Already many countries considering legalizing bitcoin as legal tender. Paraguay, Panama, Venezuela, and many more countries have plans for further steps for bitcoin. In the long future, we can hopes that bitcoin will be the currency of the whole world.

 

[AudraMiller]

Already many countries considering legalizing bitcoin as legal tender. Paraguay, Panama, Venezuela, and many more countries have plans for further steps for bitcoin. In the long future, we can hopes that bitcoin will be the currency of the whole world.

I think that cryptocurrencies such as dogecoin and ripple are more likely to be used in a country for payment because they are more practical but this will still involve legalization of crypto and bitcoin.

 

[sh199]

I think that cryptocurrencies such as dogecoin and ripple are more likely to be used in a country for payment because they are more practical but this will still involve legalization of crypto and bitcoin.

I don't thik so. If you think about the crypto industry, most people know better bitcoin and the market depends on bitcoin. Total market cap of crypto,50% on the bitcoin and other 50 for rest of coins capital.

 

[CyberPreNurse]

In my opinion other countries will start with this movement after they see the impact that crypto has on El Salvador. If it is successful then other countries will follow as well.

I think so too as it is obvious that other countries are watching to see how far the BTC adoption in El Salvador goes then they can decide whether it is a nice idea or not to consider.

 

[Balint098]

The government there seriously needs to give this more thoughts. They seemed to have hastily passed the crypto law without giving it much planning.

 

[AudraMiller]

I think so too as it is obvious that other countries are watching to see how far the BTC adoption in El Salvador goes then they can decide whether it is a nice idea or not to consider.

I agree with you and hopefully this will turn out to be very successful because it will be a major development in the cryptocurrency world to have other countries also legalize and adopt crypto.

 

[kaycee001]

This makes sense to me. It's not only about legalizing bitcoin, there should also be rules and regulations to watch its activities so as to prevent illegal activities that can be done with the bitcoin. It will also boost the confidence of the people trading with bitcoin that their transactions are safe and secured.

 

[CyberPreNurse]

I agree with you and hopefully this will turn out to be very successful because it will be a major development in the cryptocurrency world to have other countries also legalize and adopt crypto.

The main problem would be trying to make BTC a global Currency that would be used all over the world. This is not going to be supported by influential countries.

 

[AudraMiller]

The main problem would be trying to make BTC a global Currency that would be used all over the world. This is not going to be supported by influential countries.

It is a long road to get to that point however i think that it is something that can be possible and that can happen in due course, if regulations can be implemented to show governments the benefits of these coins within their financial infrastructure.

 

[Brain]

Yeah, if bitcoin is using on a large scale then it needs to regulate the preventation of illegal activities and make the ecosystem better. Hopes that, in the near future others country also legalize bitcoin.

Your last line is my wish for my country let it be legalize here I wouldn't mind a regulation if that will help to keep away illegal activities and fraudster from making a mess of it

 

[Ononivami1]

The government there seriously needs to give this more thoughts. They seemed to have hastily passed the crypto law without giving it much planning.

I do not agree with your submission. If you follow the proceedings on the adoption of bitcoin by El Salvador, you would realise that Bukele ans is team have all it takes to make the adoption a success.

 

[AudraMiller]

I do not agree with your submission. If you follow the proceedings on the adoption of bitcoin by El Salvador, you would realise that Bukele ans is team have all it takes to make the adoption a success.

Which is the team that you are talking about here? Is this the team that is in el salvador and that is planning or promoting the adoption of cryptocurrency into other facets as well?

 

[Ononivami1]

The bitcoin law need to be put in place. It would be the guiding principle to the use of bitcoin in the country. This is one of the ways the government regulate cryptocurrency.

 

[Wisdom01]

Still good ,but I really want them not to force it on the people ,they can create Bitcoin laws to regulate the activities of cryptocurrency bto prevent scam

 

[AudraMiller]

The bitcoin law need to be put in place. It would be the guiding principle to the use of bitcoin in the country. This is one of the ways the government regulate cryptocurrency.

Many of the countries are rather waiting to see how those that have legalized it re handling and dealing with it. If el salvador is successful in about a year, then i think that they will see more countries do so.

 

[SCAMEXPOSER]

Many of the countries are rather waiting to see how those that have legalized it re handling and dealing with it. If el salvador is successful in about a year, then i think that they will see more countries do so.

Let us be watching El-Salvador for at least five years alongside the improvement in the cryptocurrency market though I believe with in the next five year more countries should have joined.

 

[Wisdom01]

Many of the countries are rather waiting to see how those that have legalized it re handling and dealing with it. If el salvador is successful in about a year, then i think that they will see more countries do so.

I am sure that many countries are really watching the development of Bitcoin in elsavador before making their decision on how to go about Bitcoin ,they are studying the development