Why is bitcoin banned in Namibia?
In light of the growing popularity of cryptocurrencies worldwide, I'm intrigued by the recent news that Bitcoin has been banned in Namibia. Could you elaborate on the reasons behind this decision? What specific factors or concerns led to the Namibian government outlawing Bitcoin transactions? Does this ban extend to all cryptocurrencies, or is it specifically targeted at Bitcoin? And finally, what are the potential implications of this ban for the Namibian economy and its citizens? I'm keen to understand the nuances and complexities surrounding this issue.