In recent weeks, cryptocurrency regulation has become a hot topic in developing nations. Last week, Iran enacted a restriction that prohibits all domestic banks from dealing with cryptocurrencies. By extension, this ruling prevents Iranian citizens from buying crypto with their bank accounts. With no other viable options available, Iranians no longer have easy access to the decentralized technology. This regulation mirrors that of the ruling imposed by the Indian government the week prior.
Unfortunately, it appears that the nations hit hardest by these blockchain bans are the ones that need it the most. State-run banking industries in these nations are highly inefficient and, at times, downright corrupt. Because of this, citizens can’t reasonably trust them to manage their funds. If you understand the technology and possibilities behind cryptocurrencies such as the ability to completely control your funds without any third party interference, it is obvious why virtual currencies are becoming so highly sought after in financially unstable nations. For a more detailed explanation, I recommend this article.
One of the driving factors in the creation of Crypico was making it as easy as possible to earn cryptocurrency. Simply put, previous options were near non-existent. Now anyone with a computer and time has access to the benefits of decentralized currencies. We hope Crypico can be used as a resource for people looking to earn crypto in exchange for freelance work, regardless of where you’re located or what your government gives you permission to do with your money.
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