Well" not all as you said in your thoughts some government accept cryptocurrency because they know what is the importance of this new form of digital money how can help to the country economy and their people's.
Some government aren scared to acceptbitcoin as legal currency in their country because they worried about the threat of banking system bitcoin destroy it but it is not, bitcoin created by the founder to help worldwide to grow the economic stability.
Topic: Why should governments accept Crypto currencies? - page 5. (Read 27939 times)
Yes, corruptors must be destroyed with crypto currency, each transaction will be more transparent and of course they will have difficulty with expenses that can be seen by the people
I agree that if you say most of the state officials are corruptors because with the electoral system they need huge costs for the campaign, those who are not enough capital will ask for support here and there, money laundering occurs, and after doing things the first thing they think about is how they returned campaign capital that led to corruption, many people think with bitcoin because it is anonymous which has the potential for money laundering but I think you are right that bitcoin can still be traced, that's why corrupt governments still don't want to accept bitcoin because they think it will be which is in vain, maybe they will even have more rivals in carrying out their corrupt actions
but, its not obligation. government can reject bitcoin if what they thing it is dangerous for them. so they can find the other way except crypto. but, there many advantages of some government accept crypto, they can use it for transfer between countries, fast and low cost, profitable, and many thing
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.
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?
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.
In my opinion, The Government should accept crypto currency to eliminate a jobless person, to help the economy, for the innovation of technology in their areas. Even though Bitcoin is decentralized and that is one of the reasob why Government did want Bitcoin because they can not control it. They do not have a enough an accurate research about bitcoin, The Government have many If's to be answered. But it wi come the time that Bitcoin wi be fully accepted in lots of country.
It is not the government who opposes bitcoin that they just want to control it to avoid the bad effects on the economy. Maybe they also see the nice benefits that crypto brings, they may not limit them but with the adjustments that need to be made.
They can use hidden payments now. Why should they give such an opportunity to other people and let them out of control?
the government must trust and use the crypto market because here a reserve currency is needed not only for real work and the salary is very low for those who need my money if the government doesn't cooperate with the crypto market 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.
In fact, there was information that the money received from the Russian authorities to intervene in the elections, which were held in the United States, was in Bitcoin. So any money is used for corruption, including cryptocurrency.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.
In general, a corrupt government can use money in any form, including cryptocurrency, for its dirty purposes and it is not necessary for them to allow circulation of cryptocurrency in their country to do so.
if govt accept cryptocurrencies then it supports more transparency and work safer for citizens in safety
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.
because in my opinion the government must approve the existence of the cryoto market, the purpose is to be able to improve the financial cycle in the country even though using and using virtual bitcoin money can be made a reserve money So the government must have a special team for this case, but this is not easy.
You are very right that the government must be able to implement blockchain technology and start using cryptocurrency because with the cryptocurrency the country is safe and their economic conditions will be very easy to monitor and reduce financial crime such as corruption and money laundering.
The government should accept Bitcoin to create value traffic. The diversity of the financial system will help the country develop sustainably.
One of the main reasons why the governments must accept cryptocurrency is that it has the capabilities of raising the status of the economy of a country through the creation of job opportunities and offering financial freedom to the people. With the immutable digital ledger feature of the Blockchain technology, corruption can be curbed because all transactions are recorded and cannot be altered.
Government have accept bitcoin as payment transaction and make bitcoin is legal for using not only for investment but altcoin could use for as transaction because bitcoin and crypto currency could increase value every time,
It is obvious that cryptocurrency have so many benefits to users over the banks and the government should accept it, but the true is that, cryptocurrency don't benefit the government like banks. That is the reason why I think the government will never accept cryptocurrency.
it is likely that these transactions can be traced. I hope that this is not so, but something tells me that the government will not just disregard the anonymity of the crypto currency
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.
For me , there are a lot of reason why government should accept bitcoin. Bitcoin can give a lot of benefits to its investors. Some government thinks that cryptocurrencies can be a threat on some banks that they are controlling to. But they dont even think that once they accept bitcoin it will help their economy to rise. No matter what we do , if they dont want to accept bitcoin thats fine bitcoin can find a way to make people accept and adopt it. We cant force them to accept bitcoin but we need to find a way even if its impossible.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.
Government should accept crypto because it will help their people and might give more opportunities to their citizens and to have a better life. Government accepting bitcoin will be also a good thing for the country for the progress of the country.
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