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[AudraMiller]

It was breaking news within the cryptocurrency field for the country of El Salvador to accept and legalize cryptocurrency. However in a recent news article it seems that it is not as simple as just introducing cryptocurrency into the legislation of a single country. There are still concerns when it comes to accepting bitcoin and various other cryptocurrencies within the country and this has been focalized by the remittance firms. This shows that whilst cryptocurrency can be legalized there are still other concerns that need to be addressed as well.

 

[Niftyicon]

This development is new, so, I would expect a lot of concerns from the different stakeholders. However, this doesn't mean it wouldn't work but they are just considerations in making such policies work.

 

[Wisdom01]

I think people have celebrated the legalisation of crypto currency in the country ,i dont seem to understand what they are trying to focus on ,i hope it dosent cause issue

 

[AudraMiller]

I think people have celebrated the legalisation of crypto currency in the country ,i dont seem to understand what they are trying to focus on ,i hope it dosent cause issue

I don't think that it will cause an issue. In fact, if anything i think that this will draw attention to some concerns in cryptocurrency that can help in sorting out and addressing these concerns.

 

[Brain]

This development is new, so, I would expect a lot of concerns from the different stakeholders. However, this doesn't mean it wouldn't work but they are just considerations in making such policies work.

Any new thing in the works do come with some scepticism and I think this is what is playing out. Some people are just sceptical about the end of accepting crypto currency and Bitcoin

 

[AudraMiller]

Any new thing in the works do come with some scepticism and I think this is what is playing out. Some people are just sceptical about the end of accepting crypto currency and Bitcoin

It is something that has not been done before so there is a lot of risk and uncertainty when it comes to this sort of adoption. I think that there is a massive rise in the number of adopting countries which could help create a better financial model.

 

[Brain]

It is something that has not been done before so there is a lot of risk and uncertainty when it comes to this sort of adoption. I think that there is a massive rise in the number of adopting countries which could help create a better financial model.

That's the reality of things now. From the reports and news of other countries written here I think there's a great change now. More countries are accepting and adopting crypto currency now

 

[Balint098]

It simply takes time for people to adapt to crypto. Before this law came into force, not many people are using crypto there, and now suddenly they have to accept crypto.