What economic benefits will there be if Crypto Currency is legalized in a country?

in hive-183397 •  20 days ago 

trading-6531134_1280 (3).jpg
Image collect Pixabay


Assalamu Alaikum

How are you all? I hope everyone is doing well, so today I will talk about a very important topic, If Crypto Currency is legalized in a country, then the benefits that can be enjoyed,

The first benefit is the increase in the country's revenue, for example, if Crypto Currency is legalized in a country, then the government can add tax from the Exchangers in that country if it wants, and it will get tax from Trading Buy Sell and P2P Exchange,
And this will increase the government's revenue, which will result in the growth of the national economy,
bitcoin-7168736_1280.webp

Image collect Pixabay


As a result, users can use Crypto Exchanges directly without any kind of hassle,
To avoid inflation problems, users can deposit their assets in Crypto Currency coins if they want, and they can also hold them through risk-free stable coins if they want,
And if they want, the government itself can create Stable Coins to influence money,
Itself can create Stable Coins and the citizens of the country can use them, and
By holding through Stable Coins, there will be no fear of pump and dump,
Usually due to inflation The value of USD increases day by day, usually users can easily store their assets in Crypto Currency Stable Coins without any hassle,

If the price of their currency decreases due to inflation but on the other hand the price of USD continues to increase day by day,

But if crypto is legalized then the number of banking service users will go down because no one will accept such banking services, because of high fees and limitation problems etc.,
cryptocurrency-3409723_1280.jpg
Image collect Pixabay


And if Crypto Currency is legalized then good projects will be created in the country and it will improve international trade and economic relations,

If Crypto Currency is legalized then we would get these benefits,

So I am ending here today, everyone will be fine, Allah-Hafez

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

You always make such enticing posts that just make me want to read. Not only that, newbies like us still have a lot to learn from experienced people like you. This is how you keep us posting beautifully.

Your beautiful comments like this encourage me to share better things in the future, thank you.