Best Bitcoin Card for Algeria

While here and there crypto currencies are already accepted as means of payment, Algeria is now going the opposite way. However, this is not a ban that is directed at companies and prohibits the acceptance of Bitcoin & Co. The North African Republic wants to impose a complete ban on crypto currencies.

In the budget bill for 2018, the National People’s Assembly is considering blocking the lower house of the Algerian parliament, virtual currencies of transactions and even possessions. According to a Maghrebian business paper, both the use and possession of crypto currencies should be punished. The government sees one reason for this drastic step in the “lack of physical support such as coins, banknotes, payments by cheque or bank cards”.

Control through prohibition

In addition, Algeria officially argues that crypto currencies can be used for drug trafficking, tax evasion and money laundering due to the possible anonymity of users. This is how the document reads:

Algeria hopes to establish stricter control over this type of digital transaction.

In fact, crypto currencies are characterised by the fact that they do not survive any central supervisory authority. The idea of not being able to exercise any control or influence is intolerable for some governments and therefore motivates them to launch public verbal attacks or, as in the case of China, to ban them. Algeria is now trying to gain control by banning them. The question of how the government intends to enforce such a “crypto-prohibition” remains interesting, unless the Algerians voluntarily betray their private keys.

About Algeria

Algeria is a state in the northwest of Africa. The Maghreb country borders the Mediterranean, Morocco, Western Sahara, Mauritania, Mali, Niger, Libya and Tunisia. Until the War of Independence, Algeria was French territory and, together with Sudan and the Democratic Republic of Congo, is one of the largest African states with a large share of the Sahara. After years of civil war between Islamic fundamentalists and the government, Algeria is now relatively pacified and is trying to implement social and economic reforms.

The coastal areas and the Tell Atlas have a Mediterranean climate with warm, dry summers and mild, rainy winters. In the highlands of Scotland and in the desert there are considerable temperature fluctuations during the day. Rainfall decreases from east (up to 1,000mm) to south (up to 400mm). Here they often fall as downpours and often lead to floods in the wadis.

Origin of the name al-Dschazā’ir is both the name of the state and its capital Algiers and means “the islands”.