Over the years cryptocurrency has evolved into a global currency but governments are trying to sweep it's relevancy under the carpet. We all know that the eyes of the community are now opened to the importance and blockchain technology.
What baffles me is why are the government making lives difficult by banning or limiting it's use? Is it because it threatens the political power or are they scared it will improve the global economy or force the traditional banks to reduce their ridiculous interests rate which we have been robbed of for decades now.
What is your take on this and what do you think will make governmental bodies to finally accept crypto?
So far, leading states, including the United States and European Union states, have come to the conclusion that cryptocurrency does not pose any threat to global financial stability. Moreover, cryptocurrency does not pose a threat to the existence of specific states or their governments. Cryptocurrency is still too small and cannot significantly affect the global financial system. If she walks along with the national money of states, then she will even be able to benefit both citizens and the state as a whole.What baffles me is why are the government making lives difficult by banning or limiting it's use? Is it because it threatens the political power or are they scared it will improve the global economy or force the traditional banks to reduce their ridiculous interests rate which we have been robbed of for decades now.
What is your take on this and what do you think will make governmental bodies to finally accept crypto?
At the same time, cryptocurrency is not even able to threaten the existence of states and their governments.
Most of our government has looked at modern technical issues much later. But yes, in the last decade, it has been the only one who has lost their capital. At one time, everyone has become weak towards modern Block chin technology and achieved success. The government can not do anything to interfere in any country. 