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[AudraMiller]

The biggest news in the cryptocurrency world is the legalization of cryptocurrency, and in specific bitcoin, in the country of El Salvador. In fact, there are some that believe that this will result in a chain reaction of other countries also following in these footsteps, which is highly likely. In recent news however, it seems that the world bank is not happy with this decision made by El Salvador, and says that it will not assist the country in implementing bitcoin, due to the environmental concerns previously raised.

 

[Niftyicon]

I thought those environmental concerns are being taken care of. I think it is more of the World Bank having no belief in Cryptos or trying to stay neutral.

 

[SCAMEXPOSER]

There are miners working hard to see how the use of green energy can use to mine bitcoin so that the environment can be more friendly since that's one the top reason behind bitcoin crack down.

 

[Wisdom01]

The banks itself dosent like the existence of crypto currency ,so if they legalise the use of crypto currency they see it as promoting the development of crypto ,the environmental problem is just excuse

 

[Yugocean]

It is just some sitting authorities of World Bank who are against Bitcoin (like David Malpass). Under Section 12 of Article V of the 1944 Articles of Agreement, World Bank cannot deny help.

 

[ElPaule]

The biggest news in the cryptocurrency world is the legalization of cryptocurrency, and in specific bitcoin, in the country of El Salvador. In fact, there are some that believe that this will result in a chain reaction of other countries also following in these footsteps, which is highly likely. In recent news however, it seems that the world bank is not happy with this decision made by El Salvador, and says that it will not assist the country in implementing bitcoin, due to the environmental concerns previously raised.

In the press release of world bank is just bs! They pull transparency and environmental questions to reject the request. Transparency is given more than in fiat transactions when using blockchain and they plan to use their volcanos to get green power. Seriously this is a big .|.. from someone doesn't understand crypto.

 

[Razor1911]

The biggest news in the cryptocurrency world is the legalization of cryptocurrency, and in specific bitcoin, in the country of El Salvador. In fact, there are some that believe that this will result in a chain reaction of other countries also following in these footsteps, which is highly likely. In recent news however, it seems that the world bank is not happy with this decision made by El Salvador, and says that it will not assist the country in implementing bitcoin, due to the environmental concerns previously raised.

It has become more political now a days. The lobby which wants to accept bitcoin and the other which wants to ban it. World bank is not an exception as there are many other organizations which is also against the use of crypto.

 

[Wisdom01]

legalization of CryptoCurrency is not really helps a country in many aspects . Like there are many bad minded man who always want to make crimes ... They will take CryptoCurrency as a media of transaction which can not be controlled by the government !!

Though , There are many ways to minimize the side-effect of CryptoCurrency like making some laws about this regard .

Making laws are no issue ,but the problem is that some government might want to make more rigid laws after legalising it to benefit them only and the crypto users are the ones to suffer the instance

 

[Razor1911]

Making laws are no issue ,but the problem is that some government might want to make more rigid laws after legalising it to benefit them only and the crypto users are the ones to suffer the instance

The laws are meant to be rigid but govt should at least allow some limit on investing in bitcoin. Making it a total ban is not going to help as investor will still find out a way to invest in them.

 

[AudraMiller]

Making laws are no issue ,but the problem is that some government might want to make more rigid laws after legalising it to benefit them only and the crypto users are the ones to suffer the instance

I think that the main concern in this case is not the laws that are being made, but rather the potential enforcing of these laws as well. There is no way to enforce cryptocurrency laws and this can be quite concerning.

 

[Razor1911]

I think that the main concern in this case is not the laws that are being made, but rather the potential enforcing of these laws as well. There is no way to enforce cryptocurrency laws and this can be quite concerning.

Most of the countries are bothered by this only. Since there is no regulatory body in the crypto market, anything can happen at anytime and that could effect the economy badly.