i woke up the other day, as i had my coffe, start scrolling to see what are the updates, i came across a post on facebook stating that the "Algerian goverment is planing to ban the crypto trading and imprisoned those who have access or sell/buy USDT and BTC from 2 month till 1 year and bill them for having it".
first i thought it was some sort of rummors or a joke since we are in era where almost every country in the world have dealt with the crypto at keast once and some have adopted it as their official kind of payments and day to day finance. i navigated to the official Algerian journal website there where they release the latest laws and regional matters. untill i found that was true and by law" No. 25-10 " passed by Algerian parliament the goverment criminalize anyone who trade Crypto via platforms such as Binance or any other platform that accept the Algerian dinar as payment method as it have become an act of money laundering and a threat to the reputation of the local currency which means a terrorist and those who have crypto share the same meal which is funny as far as i think. firtly they can only track the transaction only if they were made by DZD that is the local and official Algerian currency other than that they cannot trace the cryptochain transactions. i still don't know why that is such a concern for them. also if it was like a direct threat to the official currency why so many countries deal with it and accept it as a payment. personaly i use my crypto holding by means to purchase digital products and pay my ps4 plus subscriptions. and all of that is made by 3rd parties cards like "redotpay" that function only under the crypto top up system. As the banks don't support visas, so by far the prepaid dgital cards are accepted if you were lucky enough to not get scammed purchasing one online.
so here, i was just wondering how can someone here in Algeria after this restriction be able to pay for online and digital services. as you all already know that faucets website is just a waste of time and the freelancing market is just competitive. I believe crypto represents true financial freedom, especially after the lightning satoshis's layer first appeared as fast and reliable system. my appreciation grew for it especially after buying like those small magnets nose patch they were something like the image below
back in 2022 that i could not find anywhere in Algiers but from a foreign digital marketplace they were at a great deal and i had some issue when shipping but overall i got my hands on it and gave them to my friend who has some breating problems, i cannot forget the smile he has when trying them out. and evantually such restricions will never tied one seeking true freedom afterall.
To learn more about the Crypto Ban in Algeria. you can check :
Stay well Stacker Community And Always Remember
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