One thing is about accepting crypto and making it open for their country people and foreigners; the other thing is, what is the crypto regulation and policy in that country? Is it so strict that people will fear to interact with it? If the policy is friendly, then it will attract foreign investors to come and start a firm related to crypto there, and that will bring in more employment opportunities for the unemployed.

I would love to see the regulations before I become happy, I don't trust the government one bit, they are not trustworthy. I don't know why the celebration though, last I checked regulations doest help anything, it doesn't change anything. You will have some part of regulation that will be friendly but the important part you think they are going to be lenient or friendly, they will not. They will implement many regulations you wouldn't be happy about.

The only regulation I'm willing to see is a frame work that is going to protect the investors, the regulations that must have the heart of investors and lastly the tax should be reasonable, there should be the a freedom to use decentralized exchanges and be allow to use non KYC platform. These are the things I expect, not there usual epistles and stories.

I believe this is not the first African country to have anything to do with Bitcoin, but I'm sure this is the first West African country that is so embracing Bitcoin for itself. It is a good development, and this will bring so many benefits to the people. I know that before now, Bitcoin and cryptocurrency were kind of restricted, even if it wasn't made official, but this announcement makes Bitcoin more friendly to the people, and no one has to own Bitcoin with fear anymore.

Even if Ghana is the first country in Africa to legalize bitcoin, that doesn't make them the cryptocurrency hub in Africa.

Not every country that is a pioneer in legalizing and adopting bitcoin and crypto automatically becomes a crypto hub. Like El Salvador, they were the first country to make bitcoin legal tender as well as the most crypto friendly country when the world was skeptical about it. But are they the crypto hub of the world? No, they are not.

To be able to become a regional or world crypto hub, they need to have large scale and comprehensive like friendly legal framework, strong infrastructure and technology. They need to create a friendly environment to attract domestic and foreign investment...and many other factors. This is not easy as it requires a lot of money and resources to do. Therefore, countries with strong economies will have more potential.

I appreciate your perspective about this motion from the Ghanian gover on cryptocurrencies, it is valuable when undertaking this as a move by the government to only make profit by taxing cryptocurrency investors in the country and creating a censorship cryptocurrency environment. Again, with the regulations in place it will give a legal meaning and direction on the government position from what it were formerly.

A nation can make noise regionally and globally by pioneering in something like El Salvador and their Bitcoin legal tender initiative in 2020 and attempt to build up their Bitcoin Beach Village months later in that year, but it's only enough for making noise, and gain some sort of short term effects.

In order to be a hub in any industry, there must be enough infrastructures behind the scene which need to be already existed in that nation or location before any initiative. Like nations in the Middle East, which are rich but more than that, they actually have very good foundations from economy, transportation, environment before they legalize Bitcoin and cryptocurrencies for becoming a hub of blockchain and cryptocurrencies in the Asia and somewhat globally too.

Ghana is not a rich nation but it does not have solid available foundations like Middle-East nations so it's impossible for Ghana to become a hub of blockchain and cryptocurrency industry in the Africa continent in the near future.

These are the things that we wanted from our leaders and not that they always remained adamant from adhering to the people's demand, bitcoin is all about financial freedom and having an alternative, it's not a revolution against the government controlled financial system, but having another option on what we can all independently use, we still look more forward to seeing how other countries are going to make things possible with the adoption of bitcoin and give a recognition upon it uses.

As Bitcoiners we dont necessarily need any government intervention or regulations,
we would like to be left alone but I suppose generally we could accept regulation as
the lesser of two evils if a government wants to make laws around Bitcoin in their
country. The other evil being a total ban with zero acces both into and out of Bitcoin.