How are you? By Allah's grace, I'm doing very well. Today I want to share with you very important information.

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Whether you know or not, I don't know, but in some countries, the same amount of remittances that come through legal channels also come through illegal channels, i.e. through Hundi. In 2022 country y (I will call the country y for the convenience of understanding) received twenty one billion dollars of legal remittances, that is 21 billion dollars of remittances through Hundi. If this money could be brought in legally, then the country would not have to take loans, gas and electricity prices would not have increased, even the prices of goods in the country would not have increased. However, there is only one way to make cryptocurrency legal (because cryptocurrency is illegal in the country). So today we will discuss how cryptocurrency can reduce the hundi and guide the economy of a country. Currently, the dollar crisis is at the top of all problems. Let's explain a little where the origin of this dollar crisis is, then you will understand how this cyptocurrency will be able to guide a country. If a country wants to become a middle income country then it must have all kinds of things like oil, gas, electricity, daily necessities etc.

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But a few days ago, the whole world saw the war between Ukraine and Russia. We all know that Russia, Europe, America supply the most oil and gas in the whole world. Because of the trouble with them, Russia stopped providing oil and gas here, thereby completely shutting down the factories there, resulting in instability in the economy, and to reduce this instability, America increased interest rates. And because of this interest rate increase, problems are created between different countries, if a country needs dollars, it has to take dollars from America. Since the interest rate has increased, it is not possible to take dollars as before and even if the rate is higher, there is the problem of hundi. With all that, a country becomes a dollar crisis, but how can cryptocurrency help to solve this dollar crisis? Let's find out. With the impact of the Russia Ukraine war on the world, there is nothing other countries can do but one country can do is reduce the amount of hundi. But we all know that Hundi is very popular, because of the popularity of Hundi, the rate is high and everyone is dependent on Hundi because of quick money. But both these benefits are easily available in cryptocurrency. Heard that a country's government will get the entire hundi money by using cryptocurrency, then a country will not need to take a loan, and the conditions will not be met and the country's condition will remain as it was before, it will not deteriorate. Again, don't think that using cryptocurrency will solve the problem.

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See the currency has its upsides and downsides, money laundering is very easy with cryptocurrencies. It is not possible to stop it forever but if the crypto sector is well looked after by the government then money laundering will be reduced a lot. Investing in cryptocurrencies requires an exam in Russia, as Russia is doing. There are many rules that can be invested up to a maximum of 5000 rubles. Cryptocurrencies will not only increase remittances but also reduce hundi, thereby creating new jobs and reducing unemployment.

Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.