Topic: Why should governments accept Crypto currencies? - page 6. (Read 27939 times)
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.
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.
Governments can make also extra money if they accept crypto coins, but we are far away from day that all governments accept crypto
The success that crypto brings can make governments change their perception of crypto, not as bad as they think, but as individuals take advantage of it, if those bad behavior is't , it will be ok
Government should accept cryptocurrency.because it's has lots of advantages.Bitcoin is the best demanding cryptocurrency.Bitcoin can change our world economy only few seconds.it's has capability change our country Economy and it can get rid of unemployment problem. so every country should accept crypto currency and using its opportunities. I believe, in future Crypto currency will more useful and more popular
It is their right to accept or refuse bitcoin and we cannot force them do it, this is similar to what happens in the personal level when it comes to adoption, I am sure that in the future people are going to see us and are going to claim that our earnings in bitcoin and in fiat were unfair and that we should give them back, but the truth is that anyone is free to join or not the community and like in any other business those that join the earliest are the ones that makes the most profits.Governments are also facing a similar problem, if they join now they could obtain great profits in the future but they may be giving up some control of the economy but those that join at the end are not going to get as many benefits as those that do it earlier and that is why they do not know what to do.
well i really dont understand why government continues to go against bitcoin despite knowing its potentials and uses. Lets continue to see and watch what unfolds in the nearest future if government will fully accept and adopt its use or not.
They can use hidden payments now. Why should they give such an opportunity to other people and let them out of control?
Governments accept cryptocurrencies because these governments who are embracing the technology know what cryptocurrency can bring to their economy. I believe, one of these countries have already expressed their gratitude on cryptos as their economy has improved than before.
The governments themselves knows that cryptocurrencies are going to be the future of the world because everyday people try to integrate it with something different and they dont want to accept. One thing they have to know is that, crypto is the future and the revolutionizer of the world and should be accepted.
Someday there must be a currency that can unite the world, such as the Euro currency in Europe. Maybe one of the cryptocurrency that can become the world currency, of course, after experiencing some open changes it means that the currency is not a place for money laundering or criminal acts and provides income for the country.
This is similar to the question: why should businesses accept bitcoin payments?
Bottom line is, any institution will benefit from crypto, and that includes the government.
I agree that embracing crypto/blockchain will help keep any organization ahead of the game. I think it’s similar to how social media has been embraced as a powerful platform of advertising and marketing. I mean, brands who don’t have social media presence are like non-existent to consumers,right? The same applies for crypto. Not adopting it is like a means to refuse progress.
Bottom line is, any institution will benefit from crypto, and that includes the government.
I agree that embracing crypto/blockchain will help keep any organization ahead of the game. I think it’s similar to how social media has been embraced as a powerful platform of advertising and marketing. I mean, brands who don’t have social media presence are like non-existent to consumers,right? The same applies for crypto. Not adopting it is like a means to refuse progress.
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.
Once they done in checking of using bitcoin or legalizing bitcoin I think they can also get benefit from it. You can really track the address but not the person of who have that and I think if they accept bitcoin it will be their problem. So the government must have a special team for this case, but this is not easy.
Because at present, it seems that the Cryptos market has started to have some success in the world economy. They seem to be present in most countries around the world. If governments do not have a developed economy wanting to go up, they should accept Cryptos in their own country.
Cryptocurrency and the Blockhain technology offers incredible benefits to both the people and the country as a whole - it has got the tendency of boosting the economy of the country. Cryptocurrency as a form of payment eliminate corruption and breed trust due to the transparency in the storage of all transactions of the Blockchain. Cryptocurrency and Blockchain offers job opportunities to the people (mining, bounty hunting, trading, developers, bounty managing etc). This will enhance the economy of the country.
its a fast and speedy means of carrying out transaction in no time coupled with cashless policy. keeping individuals safe and easy access to volatile funds that can be used all over the world
Because Bitcoin is proven helping the economy of every nation like it helps to reduce the unemployment issues which is the most common problem of the whole world that if the unemployment will reduce then the people purchasing power will be strong making them to help the economy to become strong and stable too. There are lot of other reasons that every government should support Bitcoin and there is no government claim that after they legalized Bitcoin their economy suffer.
Governments accept cryptocurrencies because these governments who are embracing the technology know what cryptocurrency can bring to their economy. I believe, one of these countries have already expressed their gratitude on cryptos as their economy has improved than before.
just cryptocurrency and ICO do not have much changes, but new technologies improve business processes and if they are accepted by the population, the movement and implementation is fast. 
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.
Bitcoin in any case will be used by all shadow market players, for whom official payment systems and money laundering channels are not anonymous enough. in this sense, cryptocurrencies are the main tool of liberalists and anarchists. Capitalists are outsiders here.
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.
If the government accepts Crypto it will get a lot of benefits from this. You can see that crypto taxation through exchanges could help the government collect a tremendous amount of tax money, which could open up opportunities for a new economic sector. 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.
the government should think about the benefits of cryptocurrency not only the impact it causes, because I believe if the cryptocurrency still has significant benefits. that is the government's work to find benefits that cryptocurrency has so that the government can accept cryptocurrency.
because some parties and the majority of cryptocurrency users want to avoid illegal activities in crypto, so if there are illegal activities that still occur, this can be followed up with law, and also for crypto to become more stable, this volatile crypto nature can cause losses
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