Topic: Why should governments accept Crypto currencies? - page 8. (Read 27939 times)
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.
This actually was already answer by your self why government should accept Crypto currency and why government is trying to oppose it. What you mentioned is one of many reasons government oppose Crypto. There are many reason of opposing and accepting Crypto currency. If you see that it is because government want to hide the corrupt, it means you underestimate to government.
I believe that there are strong reason that probably not publish on press.
I believe that there are strong reason that probably not publish on press.
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.
Do you have any idea at what level of law elections are held? What people are involved there and how difficult it is to get involved in a multi-step process, even with a certain amount of money? Obviously, this information is as fake as the fake information that governments still do not use cryptocurrencies. You're too naive, in my opinion)
The government should accept the cryptocurrency as a legitimate payment, because the benefits it brings to the consumer are far greater than the losses that the government incurs. Government should sacrifice for the benefit of the community
The government should accept the cryptocurrency as a legitimate payment, because the benefits it brings to the consumer are far greater than the losses that the government incurs. Government should sacrifice for the benefit of the community
If governments worked only for the good of the country and society, it would be almost utopia. Alas, in the modern world, people tend to work in the government only to improve their own financial condition and, occasionally, to meet their ambitions.
the presence of Bitcoin for now has succeeded in making bitcoin users get huge benefits because very high price increases make bitcoin increasingly popular in this world, so for a government that prohibits the use of bitcoin currencies in its country I think someday it will receive bitcoin, Because bitcoin is a good innovation for this century so that all countries must be ready to accept this reality.
in my opinion, government dont have an obligation to regulate bitcoin. But government can collect taxes by regulation. Government already have a currency and i think if government regulate bitcoin, its just for taxes
There are many loopholes for money laundering, sending wallet hardware that contains the easiest digital assets to do and that is not through recording transactions. Whatever it depends on each individual, even fiat is most widely used for illegal transactions even though bitcoin also has the same opportunities. I think this is not a problem that must be debated, the state must immediately make regulations to reduce money laundering and regulate exchanges so as not to misuse criminals.
Now many industries such as the business sectors and health are all integrated with the blockchain technology and it is working good for them. In no time they will all come into one accord and use only the blockchain. The governments should know that they have seen the feature that the blockchian can provide and they have bought into that idea it is going to take them far.
Governments have begun to make each and everything digital for easy accessibility as well to increase the efficiency. The same is necessary for the financial system which can be fulfilled with the cryptocurrencies. Here governments fear of the volatility as well as the decentralized functioning. Hope the change happens when the countries adopting bitcoin grow massive in all form.
if the government only applies it as a stock asset, or even one goal with the fiat token concept, it might be the best solution. But it seems they have not understood in detail because they are used to full policy control in the system, they cannot engage in blockchain transactions from the user to user and this makes the burden of official responsibility and so on.
yes bitcoin transactions are traceable as we all know, it is a decentralized system of transactions where a third party can know what was transacted at any given point in time, this is why the government will not want to embrace this currency in order to ease their corrupt practices.
I think that it will not be a quick adoption of the Cryptocurrencies by governments because they are designed under decentralized control. What will happen to the Banks that are created under centralized control? There will be many answers in Pro as against.
For example, a country model with a lack of liquidity and its consequences, poor citizens, institutions, and companies with problems to maintain their pillars.
The government adopts Bitcoin to receive capital and invest in the country with the pretense of improving its economy that would be a good way.
Corruption would disappear because crypto is transparent.
For this to happen, it takes time and it would mean a big step.
It is very naive to think corruption is going to disappear just because bitcoin is transparent, what it is going to stop the politicians to just use Monero as a way to hide their activities the same way many people are doing now? Corruption is always going to exist since humans are not morally or ethically perfect so there is always going to be people trying to find a way to benefit themselves by violating the rules or breaking the law, that is just human nature.For example, a country model with a lack of liquidity and its consequences, poor citizens, institutions, and companies with problems to maintain their pillars.
The government adopts Bitcoin to receive capital and invest in the country with the pretense of improving its economy that would be a good way.
Corruption would disappear because crypto is transparent.
For this to happen, it takes time and it would mean a big step.
In fact it is likely that this will increase corruption because even if the politicians that are discovered engaging in acts of corruption will keep the money they stole since it is going to be very difficult to recover the coins they are storing in their wallets.
The government should accept the cryptocurrency as a legitimate payment, because the benefits it brings to the consumer are far greater than the losses that the government incurs. Government should sacrifice for the benefit of the community
If governments worked only for the good of the country and society, it would be almost utopia. Alas, in the modern world, people tend to work in the government only to improve their own financial condition and, occasionally, to meet their ambitions. Governments have begun to make each and everything digital for easy accessibility as well to increase the efficiency. The same is necessary for the financial system which can be fulfilled with the cryptocurrencies. Here governments fear of the volatility as well as the decentralized functioning. Hope the change happens when the countries adopting bitcoin grow massive in all form.
if the government only applies it as a stock asset, or even one goal with the fiat token concept, it might be the best solution. But it seems they have not understood in detail because they are used to full policy control in the system, they cannot engage in blockchain transactions from the user to user and this makes the burden of official responsibility and so on.
Crypto is for the people and that is what the people want once they become familiar with the concept and benefits of cryptocurrencies. Also, cryptocurrencies generate more job opportunities within a country which eventually boost the economy of that country.
Governments have begun to make each and everything digital for easy accessibility as well to increase the efficiency. The same is necessary for the financial system which can be fulfilled with the cryptocurrencies. Here governments fear of the volatility as well as the decentralized functioning. Hope the change happens when the countries adopting bitcoin grow massive in all form.
if the government only applies it as a stock asset, or even one goal with the fiat token concept, it might be the best solution. But it seems they have not understood in detail because they are used to full policy control in the system, they cannot engage in blockchain transactions from the user to user and this makes the burden of official responsibility and so on.
The reason is that cryptocurrencies has so many things to offer the world and this is the case they are frowning at it. It has now been integrated into so many industries and its still moving on.
I think that it will not be a quick adoption of the Cryptocurrencies by governments because they are designed under decentralized control. What will happen to the Banks that are created under centralized control? There will be many answers in Pro as against.
For example, a country model with a lack of liquidity and its consequences, poor citizens, institutions, and companies with problems to maintain their pillars.
The government adopts Bitcoin to receive capital and invest in the country with the pretense of improving its economy that would be a good way.
Corruption would disappear because crypto is transparent.
For this to happen, it takes time and it would mean a big step.
For example, a country model with a lack of liquidity and its consequences, poor citizens, institutions, and companies with problems to maintain their pillars.
The government adopts Bitcoin to receive capital and invest in the country with the pretense of improving its economy that would be a good way.
Corruption would disappear because crypto is transparent.
For this to happen, it takes time and it would mean a big step.
The reason is that cryptocurrencies has so many things to offer the world and this is the case they are frowning at it. It has now been integrated into so many industries and its still moving on.
but governments don't want to lose control over the financial market and monetary policy and cryptocurrency can break their power.
Governments have begun to make each and everything digital for easy accessibility as well to increase the efficiency. The same is necessary for the financial system which can be fulfilled with the cryptocurrencies. Here governments fear of the volatility as well as the decentralized functioning. Hope the change happens when the countries adopting bitcoin grow massive in all form.
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