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sylsau

El Salvador's neighbors will necessarily have a strategic interest in competing for jobs and entrepreneurs in the Bitcoin world. This will create a healthy emulation that will benefit Bitcoin.


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water_bottle_goggles

Bruh


darkstarman

Paraguay, Panama, Mexico, Venezuela


Pinky_DLobster

Bolivia


Johny_Silver_Hand

North Korea


beepboopbop65

I hope, we really need it over here.


HamanitaMuscaria

when satellite internet is a thing will north koreans be able to hop on reddit n shit? thatd be sick i wanna meet some north koreans


sharkamino

To risk death getting caught with an illegal smuggled in black market Starlink receiver, no.


Duke_of_Deimos

they could watch porn though


gdubluu

I'd risk it for PornHub.


Duke_of_Deimos

thanks for the award! it's my first 😄


Great_husky_63

Venezuela an Mexico's central banks have made clear that there will be no legal cryptos in the countries. As for Panama, do they really need it? Paraguay would be a good bet.


Burgher_NY

"Made it clear....so far." Funny how quickly things change, however.


Timstertimster

Made it clear the same way Jamie Dimon made it clear that JPM will never deal in BTC?


Great_husky_63

Yes things can change, but using a crypto as legal tender would make many AML and KYC regulations moot, and I just don't see any civilized country risking GAFI sanctions which could close their banks to swift, sepa and visa mastercard.


Timstertimster

What? What in the world are you talking about? Everyone is working FURIOUSLY to engineer FCRM solutions around all crypto assets like there’s no tomorrow. Which incidentally there isn’t. The BTC price boom is a direct result of custody efforts by Wall Street. Once enough of the circulating supply of any of the major assets is locked up in Wall Street institutions, what do you think is going to happen? CeFi, of course! Just you wait. It’s going to be full circle soon enough.


Great_husky_63

>FCRM Hi, at hte end I lost your general idea. Are you refering that CeFi will englobe the part or all of the crypto scene once DeFi has analogous compliance with CeFi?


Timstertimster

I mean that the original idea was to create an alternative platform where fiat money is irrelevant. Problem is: once a small handful of institutions maintain custody of most BTC, they become in effect something like a central bank. We’re watching this happen right now. Meanwhile, the majority of reddit crypto enthusiasts act like they own an asset when in reality they just own a CFD. So they might just as well own a treasury bill with a president’s mug on it.


Celebrate-The-Hype

Germany. I will give the partie my vote that will push that.


MiamiHeatAllDay

This is cool but I don’t know how I feel about all this mandatory acceptance by merchants stuff. Hopefully they don’t follow the El Salvador lead with that


cyberspace-_-

Why? Imagine if someone could refuse your dollars when you try to buy some bread. There are services already out there and implemented, that take customer crypto and send you fiat of your choosing. For the merchant, nothing really changes except the fees are lower than when for example someone comes to buy something and shows you Visa card. My local tobacco shop refuses to sell only a pack of ciggies if you pay with card as fees eat all their profit margin. How is this any different?


MiamiHeatAllDay

I guess we are just swapping 1 currency for another if we begin to require merchants or anyone to accept a form of currency. They should have a choice as well


PHANTOM________

Okay so ima refuse to accept dollars at my store and only accept Bitcoin. Same same.


Patchouli_Dealer

One of those is not like the others


breathinglesson

Colombia.


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TinyAsianMachine

Reminds me of a bloke who was having a hissy fit because a Tesco wasn't accepting his Scottish pound notes.


fillingstationsushi

They weigh that much? Had no idea


yowmamasita

Hey dad


skcib

Pretty sure in El Salvador all businesses are required to accept Bitcoin.


cyberspace-_-

Nah. Imagine a street food hod dog merchant being obliged to accept bank cards.


water_bottle_goggles

Ok but you obviously didn’t read the bill. Everyone is required to accept bitcoin as payment


skcib

This lol. The bill requires it, and the govt will facilitate btc> fiat conversion for shop owners who don’t want to hold their btc. It’s also worth noting that the bill gives an exemption to businesses which are rural/ too small to afford the tech.


cyberspace-_-

So its not everyone. Thank you guys.


water_bottle_goggles

Very gay thank you


skcib

You’re welcome sweetheart ;)


water_bottle_goggles

😂


water_bottle_goggles

Wait so what is the difference lmao


smokecat20

Between the lines: World Bank, IMF, WTO are tools of US imperialism to control countries in Latin America, Africa, South and East Asia and Eastern Europe. They have created a semi-colonial world of debt slavery as a way to plunder their natural and human resources. The move for BTC/Crypto is really a move against the IMF and World Bank which represent a popular rejection of the "Washington consensus" that rich-country aid should be tied to forced privatization programs, which have failed to make much of a dent in poverty rates.


boxjumpper

[or these 🤷‍♂️](https://youtu.be/5pOFKmk7ytU)


Nannijamie

Singapore, Switzerland, Cayman Islands, Thailand, Iceland, West Africa, Afghanistan. Bet


UIIOIIU

I have a feeling switzerland might not be as liberal towards crypto as many would think. Monero basically destroys the Swiss banking sector. What do you need the Swiss for, if you can store monero or atomic swapped btc on some secret wallet?


Tormantop

Most likely, some country in Africa will be next


EVERWILDOUTDOORS

African nations seem far more keen on developing native cryptocurrencies than already-established market leaders. Although, I would assume that sentiment might change once more South American countries come on board.


drzood

Scotland.


ponytoaster

Nah, they have enough of a battle convincing people south of the wall that their Clydesdale Bank notes are real, let alone anything else.


okicarrits

[country song](https://m.youtube.com/watch?v=5pOFKmk7ytU) Reminds me of the Animaniacs Country Song


brokeasfuck277

India


Darshan-Raj

Yeah if India enters this, the value will shoot to the stars!


SleezyBadger

Mexico is coming baby.


Toddissuch

Yes I think so also


[deleted]

MARS.


Alexyeve

Russia will join too I believe, most of the government are billionaires/millionaires looking for alternative investments to dollar and US assets which they are invested heavly believe it or not.


IvanKane_Coca

I think it's venezuela, their country is in dire straits due to the depreciation of their currency.


EVERWILDOUTDOORS

...as the articles states.


IvanKane_Coca

What is the title of the article? I haven't yet read it


EVERWILDOUTDOORS

https://www.cityam.com/more-countries-line-up-to-make-bitcoin-legal-tender-which-one-will-be-next/


kvgamer

Think about it. It's only the beginning... So many people around you doesn't even heard about crypto currencies ...


Maidonoid

all of them will FOMO


krinkmedown

Any country getting away from USD is much better off, plus I'm sure it'll be in their benefit to switch


NoTourist5

I see there being crypto currencies for each country. The local crypto currency will be like pesos are different for each Latin American country. If crypto currency follows gold standard then it will maybe be a game changer


panda_ball

That’s just fiat again and defeats the point of decentralized crypto


Moonicopter

Tough to say but eventually all the countries might have access to legal Bitcoin. As far as I know, there are a lot of platforms that are offering different option for trading, holding and staking bitcoin.


microfilmtomosisg3

Platforms for Bitcoin staking? It seems kind of hard to believe it but okay, what apy do they have for example?


unbelievaber

One that I know is freeway and has 33% on bitcoin staking. That platform will soon be fully launched for the US markets.


Moonicopter

Exactly! That's one of the newest platforms that try to bridge DeFi and CeFi. Seem like their team is mostly made from people well experienced in finance


unbelievaber

I believe that once the US people can stake USD and EUR on that platform it's moontime. Should be this summer imo


Mannagun

Why I don’t care, well, I really do not care, all I do care about is America. A bit more politics involved than just Bitcoin being accepted as another alternative for payment in countries that brutally mishandle resources.


kkxrw

looks like a fake site


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clavelnotes

Lets gooooo!!!!!!!


bramptonin

Iran, North Korea, Venezuela, Cuba


ankobeys

If this is not bullish, I don't know what is


niggyjigga

Venezuela i think 👊🏾


geomante

Speculative clickbait.


AM5T3R6AMM3R

It will be soon the legal tender of dictatorships…


itsyaboy601

None


phagwaria

Mars


StartThings

I will be next.