Topic: Why should governments accept Crypto currencies? - page 4. (Read 27939 times)
What I believe why government is pushing back cryptocurreny or the blockchain technology itself is because being afraid about change and getting into the unknown. To those who known exactly what the technology could do and they are pushing back, then must be probably that their corrupt activities will be vesible to the public.
Bitcoin's idea is mainly about decentralization, financial freedom, and the third party cancellation
This is contrary to the centralization of governments and the control of the local currency even indirectly through central banks
And do not forget the economy of banks on which the traditional economy is based will be threatened
It requires maturity and new formulations of ideas, dialogues and perhaps some concessions on both sides.
This is contrary to the centralization of governments and the control of the local currency even indirectly through central banks
And do not forget the economy of banks on which the traditional economy is based will be threatened
It requires maturity and new formulations of ideas, dialogues and perhaps some concessions on both sides.
In the start government didn't agree and didn't like bitcoin or any cryptocurrency as you said government was corrupt so that they don't like it because they don't have any control or they can't manipulate the value or any transaction so that is why it's hard to them to regulate or to accept bitcoin. But now here in my country bitcoin is now legal and we are free to use bitcoin or any cryptocurrency.
there are several reasons why the government must accept crypto currencies, one of which is crypto has benefits such as being able to pay and for investment, many people have benefited from crypto, by way of trading, for example. can also be used for online payments, because it is transparent.
I think, thats why the government must accept crypto.
I think, thats why the government must accept crypto.
perhaps they will accept, but only if it is their cryptocurrency, because otherwise it will affect inflation
The government is not economically profitable independent free currency that can not be controlled. But as for crypto currency, sooner or later it will appear in every state as part of the national currency.
as soon as the first governments collecting taxes in bitcoin appear, everything will move very sharply and quickly. 
When transactions are made in Crypto, the likelihood of corruption will be very low because transactions will be made quickly and without intermediaries. The nature of corruption is the stealing of money through intermediaries, which in turn causes the receipt of money to be leached much more than the amount of money sent.
The government is still checking the use of bitcoin, it is difficult to track bitcoin users because it is anonymous.
So the government must have a special team for this case, but this is not easy.
may not have to accept the most important legality of the country's economic system and crypto currencies should work together to get the best results going forward So the government must have a special team for this case, but this is not easy.
Governments are having a hard time accepting crypto currencies because of the fiat currency that are commonly used by citizens and it takes a great effort for such government to great adapt crypto as part of their economy. Though there are governments already accepted it and it has created great wave effects to other governments to widely accept it as well.
The government is still checking the use of bitcoin, it is difficult to track bitcoin users because it is anonymous.
So the government must have a special team for this case, but this is not easy.
So the government must have a special team for this case, but this is not easy.
Yes, i am totally agree with you in this matter. The goverments want to use the bitcoin and the cryptocurreny because they know that they will be good and profitable for them. But there are some little nuances between market and goverments. If something is anonymous the goverments can't like that, they always want to track everything. So thats why they afraid. But they can't hold on like this, they will accept it soon or later.
Same question about Why governments banned bitcoin,isn’t it the right one for the bitcoiners to learn or the cryptonians?
Because that question is answerable in many sides and the important one is that the benefits this can give to every governments and the whole country in terms of profiteering and in payments .these are the importance of cryptocurrency
the government cares about its own benefit of maintaining power. as soon as he finds a way to preserve the power and bitcoin to implement it immediately and apply it in all spheres of life of the people. Because that question is answerable in many sides and the important one is that the benefits this can give to every governments and the whole country in terms of profiteering and in payments .these are the importance of cryptocurrency
Same question about Why governments banned bitcoin,isn’t it the right one for the bitcoiners to learn or the cryptonians?
Because that question is answerable in many sides and the important one is that the benefits this can give to every governments and the whole country in terms of profiteering and in payments .these are the importance of cryptocurrency
Because that question is answerable in many sides and the important one is that the benefits this can give to every governments and the whole country in terms of profiteering and in payments .these are the importance of cryptocurrency
We are led to believe that almost all governments are corrupt and that most officials and even leaders of the world are bought.
We saw this for instance with the US elections where rumours are doing the rounds that massive amounts of money were channelled from foreign countries to influence the outcome of the election. This money had to be laundered through shell companies via Banks and complex money laundering systems.
All of this leaves paper trails and this can later be followed and investigated to find the true origin of this money.
Now think about this, why would "corrupt" governments want to appose Bitcoin and Crypto currencies, if they can use it to hide their "corrupt" practices? Would it not make sense just to allow it and then use it to further their political aspirations?
The push back from these corrupt governments does not make any sense. Could it be that they know that Bitcoin and Crypto currencies are not "anonymous" at all and that these transactions can be traced and for this reason they are apposed to it?
Curious to know what you are thinking.
We saw this for instance with the US elections where rumours are doing the rounds that massive amounts of money were channelled from foreign countries to influence the outcome of the election. This money had to be laundered through shell companies via Banks and complex money laundering systems.
All of this leaves paper trails and this can later be followed and investigated to find the true origin of this money.
Now think about this, why would "corrupt" governments want to appose Bitcoin and Crypto currencies, if they can use it to hide their "corrupt" practices? Would it not make sense just to allow it and then use it to further their political aspirations?
The push back from these corrupt governments does not make any sense. Could it be that they know that Bitcoin and Crypto currencies are not "anonymous" at all and that these transactions can be traced and for this reason they are apposed to it?
Curious to know what you are thinking.
I believe it was anonymous maybe they are just concerned about its negative effects to people. Like what you said not all politicians are corrupt there are stil ones who can stand their dignity without fear. Also, these crypto currencies are quite hard to manage compared to paper money since it was volatile. Maybe they are still on the process of studying these new trend.
Because the nature of bitcoin is anonymously, the government can not control it, so the government should accept that, because there is no solution to this problem.
The government is still checking the use of bitcoin, it is difficult to track bitcoin users because it is anonymous.
So the government must have a special team for this case, but this is not easy.
Many people believe that after checking the use of bitcoin it will instantly legalized but I think there are many processes will do. It is a good to the government to have special team to this kind of field so that easily finish the checking. Do you think after the checking of its use the government will allow the people to use it as currency? So the government must have a special team for this case, but this is not easy.
I think the reason governments are opposing crypto is a combination of the misinformation, the unknown and the challenges they will be faced with for putting in place regulatory rules. There are many interplays at hand, perhaps being manipulative in these ways for personal gains but does it not all seem inevitable?
maybe the government only focuses on paper money. and also many hoaxes that misinterpret bitcoin. so the government opposed crypto and bitcoin because of the hoax hoax. and also maybe the government doesn't want to bother managing two currencies. but it could also one day crypto money be or enter into one country. We are led to believe that almost all governments are corrupt and that most officials and even leaders of the world are bought.
We saw this for instance with the US elections where rumours are doing the rounds that massive amounts of money were channelled from foreign countries to influence the outcome of the election. This money had to be laundered through shell companies via Banks and complex money laundering systems.
All of this leaves paper trails and this can later be followed and investigated to find the true origin of this money.
Now think about this, why would "corrupt" governments want to appose Bitcoin and Crypto currencies, if they can use it to hide their "corrupt" practices? Would it not make sense just to allow it and then use it to further their political aspirations?
The push back from these corrupt governments does not make any sense. Could it be that they know that Bitcoin and Crypto currencies are not "anonymous" at all and that these transactions can be traced and for this reason they are apposed to it?
Curious to know what you are thinking.
I guess the government should start accepting cryptocurrency especially bitcoin since it is standing 9 years in the internet and reliable means of payment. What stopping the government to accept cryptocurrency is the currency financing system we had that they built over years and fiat currency can't be just disappear in a click. It is not because of corruption, it is because we can't withstand our life without fiat. We saw this for instance with the US elections where rumours are doing the rounds that massive amounts of money were channelled from foreign countries to influence the outcome of the election. This money had to be laundered through shell companies via Banks and complex money laundering systems.
All of this leaves paper trails and this can later be followed and investigated to find the true origin of this money.
Now think about this, why would "corrupt" governments want to appose Bitcoin and Crypto currencies, if they can use it to hide their "corrupt" practices? Would it not make sense just to allow it and then use it to further their political aspirations?
The push back from these corrupt governments does not make any sense. Could it be that they know that Bitcoin and Crypto currencies are not "anonymous" at all and that these transactions can be traced and for this reason they are apposed to it?
Curious to know what you are thinking.
It will be very good and productive to introduce blockchain technology into the work of the state apparatus. However, not all officials will approve of this idea. Because in that case they won't be able to be engaged in corruption. Unfortunately, not all officials are decent and perform their work in accordance with legislative norms
Actually the government of a country must accept everything that is present, such as Cryptocurrency which comes with a shock to the world at a very expensive price, of course if the government opens the door for the emergence of new innovations in finance it will be positive for the government. At a minimum the government legalizes this digital currency in a country that rejects Bitcoin.
The benefits that bitcoin brings to a country are much greater than the damage it pours to government so the government should accept it.
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