These two African bank's stand firm on their decision.
It's no question bitcoin has been the talk of town ever since it became recognized as a mainstream currency expecially when it started trading next to the main currency's namely the USD.
A lot of international countries my have received this coin but so far this two countries are standing firm on their decision that bitcoin cannot be recognized as a currency and you would find it illegal to participate in trading cryptocurrency in this countries.
Bitcoin I hit price value's above $50 thousand United States Dollar's and proved so many people wrong, so many people who did not believe but understand that bitcoin in itself isn't really too perfect itself here are just some of it's negatives:
Bitcoin retest with a clear rejection in the correction that may look like an opportunity to the upside.
So far what we know is "there is only 21 million bitcoin in the world" wich is fine. People most probably won't duplicate this as this new coins they would make have to become part of the existing blockchain. This is where the value is coming from.
They won't duplicate this but imagine people buying bitcoin losing their codes ect... This will eventually also spike the price until we no longer have anymore coins available.
On the other hand once you have a coin with a none ending supply, for example dogecoin this is going to take quite some time to get valuable as there is unlimited amounts being released on.
The governor of Nigeria on Crypto read more:
https://bit.ly/3aQ9TMe
Read article Namibian law on cryptocurrency:
https://bit.ly/2PbtQoz
On the other hand this could go south fast as fast as it can go North:
Disclaimer:
Your capital could be at risk please do your own due diligence and do your research before doing any un-educated investments. I am not a financial advisor this article is for entertainment purposes only.
For Donations refer to my Tron account at:
TYdr5UxAQqfNeJha2yHZ8S39ipR7SdtM5E
Make sure to leave a comment tell me what you think and if it's far for this governments to do this or it's better for the safety of the constitution.👇
I am so disappointed with Africans with their knee jack reactions.
What you don't understand, you study. If they don't understand crypto, they should study it. Enough of copy and paste!!!
We move...
This I understand but you should know the safety of the people comes first it may seem harsh but you know people have lost capital fiddling with crypto, on the other hand you are also correct that they are surely hindering evolution...