📢 Contest Steem For Bangladesh 📢 : "Permission of Cryptocurrency in Bangladesh"

My steemit id name is @mahadisalim.
I am from Bangladesh.

How are you all? I hope you are all well by God's grace. I am also fine by the grace of God. Today I will participate in a very nice contest by @mostofajaman, brother of the Steem For Bangladesh community. The name of the contest is Contest Steem For Bangladesh: "Permission of Cryptocurrency in Bangladesh." Through this contest, we will learn about cryptocurrency. So thank you, @mostofajaman brother, for organizing such an educational contest. I hope everyone will like my writing.

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Cryptocurrency:

Cryptocurrency is a digital transaction. Which is used as currency online. Cryptocurrency is not a portable currency, so it has some pros and cons. Cryptocurrency works through blockchain. The cryptocurrency was first started in 1983 by David Chaum, an online digital entrepreneur in the United States. Then in 1995, another digital scientist named Satoshi Nakamoto brought the name cryptocurrency to the market. There are a few names in the cryptocurrency market, like Bitcoin, Ethereum, USD coin, etc. But Bitcoin is very popular in the world.

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Tell us how much you know about Crypto Currency Permissions in Bangladesh".

Bangladesh cryptocurrency is not legal yet. Bangladesh Bank has not yet approved this digital transaction cryptocurrency for use in Bangladesh. Most of the countries in the world do not allow cryptocurrency transactions, so it is not yet approved in Bangladesh. Bangladesh Bank has tried to approve cryptocurrency in line with the world, but considering its advantages and disadvantages and security, it has not approved it anymore. But the world is going digital day by day, so soon, digital transaction cryptocurrency Bangladesh will get approval.

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Let us know what steps you will take regarding the promotion of steemit platform after getting crypto currency permission".

If cryptocurrency is approved in Bangladesh, I will take the following steps for Steemit:

• I will explain to everyone that the financial transactions of Steemit will be much easier as a result of the convenience of using cryptocurrency digital transactions.

• Everyone should be informed that the value of Steem and Tron will increase on Steemit if Bangladesh approves the cryptocurrency, then the use of Steemit will increase.

• You don't have to go to the bank to do cryptocurrency transactions, you don't have to carry it in your hand, and you don't need any kind of VAT. You will get these benefits on Steemit. Then transactions of Steemit users will be much easier. If we promote these issues through social media, the use of Steemit will increase.

• Cryptocurrency is a digital transaction, so it can be easily transacted in any country of the world. Steemit, on the other hand, is being used in every country of the world. Then if the cryptocurrency is approved, we steemit users will be able to do transactions in any country sitting at home. Publicizing these topics will make people interested in using Steemit.

Do you think Bangladesh Crypto Currency can be given permission considering some aspects.".

I think cryptocurrency usage can be allowed in Bangladesh. Cryptocurrencies are digital transactions that have many benefits of using them. People are going digital day by day. Cryptocurrency has been approved in our neighboring country India. Since cryptocurrency is a digital transaction, it does not have to be carried, so it is less risky to use. I think Bangladesh will improve by updating the risky points of hacking cryptocurrency software and allowing it.

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Explain in detail how Bangladesh's economy will be affected if Bangladesh joins the global crypto currency.".

Impact on Bangladesh Finance if Bangladesh Joins Global Cryptocurrency: Actually, Cryptocurrency is a digital transaction and online-based without coins, so that it will have an impact on Bangladesh Finance. Because Bangladesh Bank still doesn't know the details about cryptocurrency. Since cryptocurrencies are digital transactions, many of these software are vulnerable to hacking. There will be both good and bad effects on Bangladesh's economy. If cryptocurrency is not used and approved in line with the world, Bangladesh's economy will lag behind if cryptocurrency is approved in the world. On the other hand, if the cryptocurrency is approved, the software will be hacked, and Bangladesh will suffer a lot. I think cryptocurrency will spread in the world one day, so Bangladesh should research it from now. Bangladesh's finances will improve a lot with the proper use of cryptocurrency. Cryptocurrencies will eventually impact global finance. So we should do something about it now.

Thank you for reading my post, and I am leaving today. Allah Hafez.

I invite three friends @hasina78, @sadiaafreen, and @ismotara.