Bitcoin Forum

There is buzz about the prospective of governments and banks accepting crypto or creating their own for its mass acceptance.

I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.

In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.

Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.

Of course it does, because somehow when people knew about that banks do accept it then they would try to interact with it and there will be more volume inside the crypto space.

Why so? Do you think it's easy to topple governments just because AI and blockchain is taking over? I don't think so. We only need the governments and banks approval because they run the whole economic scene; their approval is somewhat valuable if we want to continue using bitcoin and other related services connected to cryptocurrencies without any restrictions and unfair limitations. They don't necessarily need to integrate bitcoin and cryptocurrencies in their infrastructure, but having them approve the existence, trade and exchange of bitcoins and other cryptocurrencies is a huge plus for the confidence of the masses who would want to try it out.

if the government and bank accept the cryptocurrency it will be better, because crypto will be stronger, but accepting or not crypto has moved forward with a large community that cannot be stopped

I also think that blockchain will be difficult to work with banks because the government still rejects crypto, so this will be difficult to come to the fore.

It really depends on what you mean by "accept".

If you mean the government "accepts" bitcoin in terms of legality, then sure. It has a significant effect, whether or not if it's actually going to be used for payments or for store-of-value only. While bitcoin will definitely not go anywhere even if it becomes illegal, bitcoin being legal is still quite important. Though bitcoin can still work without their interference. It's just that people are likely more to hold and use bitcoin if it wasn't illegal.

This question has come up time and time again, and honestly, I think the answer is going to be yes -- even though they're going to be selling it for fiat immediately. This is still something that promotes adoption and allows people to use their cryptocurrency to pay for taxes, permits, fees, (and bank related activities)

So yes, yes it does.

They do have lot of pros and cons if they ever accept the crypto currency. The fact which you said about the security will also be applicable to it today because they add up more regulations and a way of using it. This means a lot to the crypto community as we lack these things today and can be improved by government themselves once they start using it. Now there is also another benefit of this change, with the time crypto being accepted by government and banks, one can have major revolution in the blockchain due to need to explore more and more ways of spending the same. I have got like more positive feelings about it than the negative one.

Absolutely it does matter when the governments and the Banks come into a conclusion to accept cryptocurrency, this will give a face lift and exposure into cryptosphere. The involvement of these parties cannot be over emphasis as they will bring more innovations into Blockchain technology(cryptocurrency) with their experience in the traditional method.

Personally I think the banks and governments matter a lot when it comes to the acceptance of cryptocurrency. If banks and governments finally do accept crypto currencies, there will be a mass adoption from the public. Most people attracted to cryptos but are reluctant to get involved because of the fear that their governments may not support cryptos.

of course it does matter!
it is,basically , the endorsement of the crypto by a state , you can expect the number of people using bitcoins
or other crypto in that country effectively quadruple, it will also do wonders for the adoption in other countries
this can cause a chain reaction where this positive experience be used by other countries as well
even if it starts as an experiment, it will surely help a lot

They run the whole economic scene for now because not everyone has accepted crypto, and rightfully so. It's not stable and a variety of things can turn south. Once escrow systems and distributed exchange networks are put in place, eliminating the need for exchanges that can be shut down by governments (or hacked), it will likely become the norm by default. There would no longer be a reason not to take part and everyone would save a ton of time and money due to the efficiency of transactions and absence of fees. Businesses owners would also be at ease in each step of the supply chain not because of laws that can easily be broken but because of blockchain.

Of course it does matter. We live in a society where law and order rules. If we want to be able to continue using bitcoin legally, it needs to be accepted by the government we are in.

The worst may be the status quo will remain. If  governments and his agents does not recognize bitcoin nothing serious will happen rather the situation will remain just as it is now. Much as government tried to control bitcoin and has failed they now decides to kill bitcoin since they can not take over. Since the beginning of this year there has been serious attack on bitcoin from various governments and her agents but it is heartwarming to note that bitcoin has remain resilience against these attacks and have refuse to break the support at $6K. Nothing will happen but it is  for their own interest that the recognize bitcoin.

Don't you think this defeats the idealistic purpose of decentralization? To give more power and freedom to the people? I don't think it's a good idea to make crypto stronger just for the hell of it. I agree that it is moving forward anyways, but I don't think centralized acceptance matters. The community will grow once its applications grow and volatility/risks are worked out.

For the banking industry I wouldn't really care if they decide to accept cryptos or not it's not going to have any major effects on cryptos as a whole but when it comes to governments it's a totally different matter and that can affect the value of all cryptos.

We live in a society where laws issued by governments rule for now because we haven't universally integrated blockchain or crypto, and AI hasn't evolved enough. Once this happens, I envision governments as we know them to be irrelevant and a human collective to be the outcome, which would solve a ton of issues.

An Artificial General Super Intelligence would easily be able to take over the global economy, control the media, and take over governance by making elected officials obsolete.

With a desire to achieve world peace and prosperity, it could save us from ourselves and find the most viable ways to prolong humanity's peaceful longevity.

If the government accepts cryptocurrency, the regulation will be made difficult because bitcoin is above fiat money. Which regulation will be used as a way for the government to take unilateral profits. What I know is that there are already a number of developing countries that include cryptocurrency as a commodity, not as a currency.

Yes it does matter if governments and banks starts accepting cryptocurrency because it will open the gate to many other people to join the crypto community and start investing in cryptocurrencies.
It is always better for bitcoin to be regulated and accepted rather than being banned. The bigger the community is the wider the adoption will follow.
When many people starts using cryptocurrencies, more money will flow into crypto and the coins will get widely distributed thus the value of coins will get increased.

Banks and governments can help stabilise the world of crypto to some extent. I believe it does matter if governments and banks would accept cryptocurrency, as they have the capacity to propagate the good news of blockchain technology and bitcoin to the rest of the world who are  still skeptic about the world of crypto.

I think bank and government may not accept crypto as it is decentralized and peer to peer network. Once bank accept it, crypto will no more decentralized rather it will control by bank and government.

It's true banks and governments acceptance of cryptocurrency would boost the mass adoption, but that won't be the end of the story.It would also mean the governments finally got Bitcoin where they wanted and the price would now become what they wish. I see it not going down well and to a very large extent, Bitcoin was created to bypass banks and governments.

Probably, the government and banks may accept crypto currency if every person gives their identity. I think, the government and banks would not allow to transact if you don't submit your presonal data.

i think both are important
because if the government accepts bitcoin as payment in their country then their society knows what cryptocurrency is and this will trigger adoption by many people
as well as banks, because banks are far more users today than cryptocurrency
if the bank accepts cryptocurrency it will increase the interest of many people
even though actually with cryptocurrency we become our own bank, but yeah we need those two things

I think that this will lead to the certain changes but personally for me this won't play much role. I will continue investing in crypto as before and sell coins at a more expensive price

in my opinion what will be the problem is, how important is the role of the bank and government in this cryptocurrency, is their influence after cryptocurrency accepted can change public opinion? if no changes are obtained after the cryptocurrency is legalized it would be better to delay this.

there should be a strong reason to distinguish between before and after

important, because not all of the bitcoin investors have free time to monitor market movements and also they are used to giving up all matters related to their assets to the services provided by the Bank

Goverment can't understand what is cryptocurrency but some people. Lot of people explorer's know it already some remedies people already accepting crypto or bitcoins.

Yes of course. Cryptocurrency can also provide what we called "security" but unlike banks , crypto is not manage and controlled by governments. People are hesitating whether to invest on bank or in crypto the choice is in their hands but giving them some thoughts and opinion will probably change their mind.

Yes, in the past people relies on governments and banks of which they failed and this is why Satoshi N also thought we need a decentralized currency which will be control by the community not the governments or banks. Mind you, we still need the government to endorse the use of cryptocurrency in other for it to be mainstream of payment.

While the acceptation by the government will help the Cryptocurrency to grow and more people will show interest in it, it will also destroy the decentralized system of the cryptocurrency. Such kind of change will force the cryptocurrency to transforn on the fundamental level and the cryptocurrency will never be the same. It will also effect the crypto market, which in turn will either have flourishing moment or witness a catastrophic result of centralization.

If ever crypto gets green chit from worldwide governments, it will bring masses in. But, if they are against it, it will be pretty hard nut to crack..

these two subjects are very different from each other though.
the government creating their own centralized altcoin is not going to do anything for the cryptocurrency in general. not directly anyways. that is why nobody cares about these gov-coins, for instance the Petro of Venezuela didn't change a thing. their stance about cryptocurrency (the first part of your statement) however changes a lot. a more friendly stance (like Japan) will help the adoption grow fast and easy while a negative stance (like India) will only slow things down and move people to p2p methods.

certainly very important, bro. because with the joining of the government and the Bank can provide at the same time a positive impetus for the world of bitcoin bro. to be more advanced. and many people invest in it ..

technically it should not matter because of the way bitcoin is designed to be. a decentralized currency like bitcoin should never be affected by the way government and banks treat it because it needs neither of them and more importantly it was created so that we can have a system without either governments or banks!

but of course it is obvious that bitcoin can flourish a lot faster and easier in an environment that is friendly towards it rather than in a hostile environment. and the advancement of the technology will be a lot easier too.

if it happens to be that banks and governments accept cryptocurrencies then many will become billionaire because of huge distribution of wealth, many will be happier, but its not gonna happen i think, they are the predators of the financial system so whatever they should they will only make huge profit and not distributing wealth.

I've created a thread like this in the past and the response I got is not satisfying ,I still believe that government involvement will help crypto in most ways ,especially in ICOs area where people are getting scammed ,ICO fraud will reduce a lot but for other reasons like not distributing wealth I can't say

Absolutely, This may true for some time in our country the regulations of cryptocurrency was being imposed and so far there is no problem with how it works only is that there is no anonymity in our local exchange for we have undergone one time KYC. However, the effect is good because scammers had no courage already to scam others unless if they want to be jailed.

How many nations(governments),have cracked down on the system within its shores/jurisdiction?,a lot have done that, and the reason being they do not approve/endorse(accept) the currency due to various and varying reasons, so I think it's pertinent we gain government acceptance/approval,it will not only help promote bitcoin/alt coins, it will also propagate our desire for mass adoption

As for the banks they definitely work hand in hand with the government,so an approval on the other side is also an approval on theirs, probably in the near future the blockchain technology will be adopted in banks and by the government,Bitcoin/B chain is not looking to oust fiat/banking system(as that's never going to happen), but to be able to work side by side with it, and become as prominent as it is

Banks are subject to government regulations and can not do anything in isolation unless it is in line with the central bank rules. If governments accept cryptocurrency, it means that banks will likely be able to deal freely with cryptocurrency. This will be good for cryptocurrency users.

The private sector is profit driven and the government only provide services, so there are no reason why they should be motivated to do any better. You have a bunch of politicians that are voted in with the help of funding from the richest companies and individuals in the world and they dictate the mandate for the government employees to do their bidding.

If they want laws passed, they just buy the people in government to amend the laws in a way that would suit them. Dark money fund many things in governments. <Like Tender corruption>  ::)

They will not use a transparent Blockchain for this, so just forget about this.

The current shape of the cryptocurrency market is not unconnected with government and the banks! They are the  ones wedging this war against cryptocurrencies! They understand how disruptive the technology is, they are threading cautiously in dealing with cryptocurrencies! If they stop the fight and accept cryptocurrencies, it could be a very significant victory for the technology and the market, this would see the level of trust for cryptocurrency skyrocket and its growth would be rapid.

What are you saying? The government knows it more than we do, that is the reason other countries ban it, others regulate it since they want to protect their citizens to it.

They are aware of what might happen to their citizens, that is the reason they are regulating it. Doesn't mean that they banned Bitcoin, they do not know what cryptocurrency is. They have their own reasons why they banned Bitcoin and this might concern their traditions or their currency that is being used.

Of course , it matters a lot if the bank and the government should accept cryptocurrency.
This singular act of accptance would launch cryptocurrency to becoming mainstream..
Which drives adoption rate.
It would be a welcomed development as a matter of fact.

It will be helpful for the mass adoption because peoplw will believe that cryptos can be legally used in their country so they can buy ad spend if it possible but banks never accepts crypto currecncies just because it was against their centralized money system if they get accept then it just like digging a hole for burying themselves.

Whether they accept it or not, for me it does not really matter because what matter the most for me is that i could still use cryptos even with restrictions  .  though acceptance from the said platform can greatly boost the image of cryptos thru the public which is i think okay since it can also help increase the price thoroughly .

Anyway , as what ive seen . there were now many banks/govt's that accepts and legalize cryptos but we cant still avoid the market from being dump too much .

it is hard to give an absolute answer like yes or no to this question because it is so much more complicated than that. there is a lot of pros and cons in both when government and banks accept cryptocurrency and in when they reject them.
we have to study all of them to see which one is better in different countries. for instance in a country with a technology friendly government accepting bitcoin will be beneficial compared to another third world country that they only want it to make profit.

If the Governments start to legalize crypto currency then it will be a huge influence for all the existing and potential investors. Because of the Goverment provided security, the investors will invest without any fear.

Yes,it does. We only need the governments and banks approval because they run the whole economic scene. Their approval is somewhat valuable if we want to continue using bitcoin and other related services connected to cryptocurrencies without any restrictions and unfair limitations.

it is undoubtedly important, because people really trust banks as an institution. The bank is often associated with security and reliability, so if we want people's opinions to change equally about crytocurency it is essential for the support of the banks.

I would answer that question "Doesn't matter if they accept or not". The cryptocurrency and the bitcoin is real and this society will growing every new day. I am sure that the bank and the goverments will have to deal with the crypto market. They know that they have to follow the new world order with crypto moneys.

I think that is important, because so far the main thing that still blocks crypto becomes more global and can be accepted by many people because crypto is still illegitimate or not recognized as a legitimate payment and transaction system, at least if banks and governments can accept bitcoin then growth and people's trust in crypto will increase as well. Cryptocurrency or digital currency is different from the usual innovation we see, because there are still many people who do not understand well about this cryptocurrency and most of the ordinary people see bitcoin as something negative. So with the government and banks can embrace cryptocurrency, surely there will be people who will trust Crypto as well as investors.

Central banks always afraid and forbid crypto for payment because they realize bitcoin is more transparant that their system. Government still can use their regulation to forbid bitcoin used as payment. So, i think its important that government regulation about cryptocurrency because they have main important part to mass adoption

Accept == adopt == use? if this is what you mean, of course it does.

People are following what does the government says and we have no choice for it but to follow everything which is in accordance of law. Same goes for the bank, people deposits money there because they are government backed business and is regulated so people would trust them.

That's a big deal if these banks will accept something that's made for people to avoid them.

Yes It matters alot, people are not investing in bitcoin yet because government and banks make them believe bitcoin is a taboo. If government and banks accept bitcoin, the sky would only be starting point for biitcoin.

until now I have never heard of a bank that accepts cryptocurrency, if there is any please give me the proof
and the fact that most banks will reject cryptocurrency exchange and this is almost the case for Asia.

If the bank and the government accept bitcoin then the fresh air for all crypto people has a positive impact and certainly many will move on bitcoin. But this has not happened yet, and there is certainly good hope for the future.

Well that is exactly why it doesn't matter. When Bitcoin started, no finance firm had been talking about it even with all the exposure but now they are admitting they are into it. Crytpcurrencies will still be here even without banks, it should have been that way but they couldn't just help but to collect tax which is why the government is going to take part.

Ofcourse it matters! Accpetance of governments and banks regarding the bitcoin will bring uproar to the people. If they will know that they have accpeted it then they will not be hesitant to try it and be willing to interact with cryptocurrency like bitcoin. It matters because if that will to happen, people will not doubt the capability of the cryptocurrency. They will be encourage to join in this community.

To a reason extent it does matter. If only government had embraced the whole concept of blockchain and cryptocurrencies, then the ETF situation been around for a while now wouldn't had occurred in the first instance and more investors would have joined the train.

Yes, it really do matters if government and banks accept cryptocurrency because anything supported by government is trusted by the people and they own it without any hesitation. Acceptance of bitcoins by the banks will be like 'icing on the cake' .

in my opinion, depending on the country, if it suits, it is good, if not, no matter the name, it doesn't have to be mandatory, but I urge the government to approve the crypto market so that its economy and finances can be managed optimally.

in my opinion maybe if the government intervenes in the crypto world it's good also because we will be given legal protection of course and more freely and comfortably in playing in this crypto world.

It might lead to faster acceptance, but I don't think it would change much. Latest projects are coming out with means of security paralleled to that of banks, allowing for many more business applications, and subsequently everyone else's use (salaries will be issued in crypto.) Business ultimately influences the world much more than governments do.

Right now, I would still find it an important factor, if banks, or governments would accept crypto, because it would mean, that the market is going more mainstream. And we will surely need more people, who use Bitcoin, and other cryptocurrencies. There are too many people still, who has no idea what crypto is.

Of course it does. Because the Government will be the one that will guide people on how to properly use it and they will be the one who will make people believe that crypto is safe.

Cryptocurrencies don't need governments or any other authority. Because they are working decentralized. But when we are talking about the acceptance of cryptocurrencies by people and adoption, governments does matter. When something is called illegal, people won't use that. It' s true that cryptocurrencies can be used anonymous. But people won't risk. Also, companies and shops don't want to get into trouble by using something they are not allowed to.  

Yeah, it really matters. When banks and governments accept cryptocurrencies, crypto will go mainstream and people will start to invest more into it which will make it hit the moon with a significant price on the exchange markets. 

the cryptocurrencies market needs a mass adoption to become stronger.this adoption will not come  without  the governments adoption ,this adoption will drive to issue the legalistic  regulations for cryptocurrencies market since this market still unable to regulate itself . from my own sight :  regulation absence =  the masses adoption absence !!

In a way it does, because once the government acknowledges cryptocurrency, then it might attract more people to use cryptocurrencies. That said, I don't get it. What does AI have to do with the government and banks accepting cryptocurrency? How will the blockchain technology even benefit from AI?

In general, the fact of its recognition and adoption by the government and the state is of great importance for cryptocurrency. Without such recognition, that is, the actual legalization of cryptocurrency by the state, the cryptocurrency will not be able to develop, since the infrastructure under its circulation as a currency will not be created.
Non-recognition of cryptocurrency by banks is no longer so terrible for cryptocurrency, since this deficiency can always be replaced by other international exchanges and exchangers. However, after legalization of cryptocurrency by the state, banks themselves will be interested in providing some services in cryptocurrency. Therefore, it is not worth worrying about banks.

In addition, don't forget about fraudsters in the cryptoworld who steal money from our addresses. Government regulation and the elimination of anonymity could complicate these actions for fraudsters.

Acceptance is not a big problem. But i think the governments have enough power to get against Bitcoin. Can you imagine what would happen if they decide that all exchanges are unlawful? or obtaining of Bitcoin is a crime. Bitcoin will still be there, but i can guarantee you that its image will be terrible. I think if they wanted to ruin cryptocurrency, they could have ruined it.

For non informed minds, governments and banks accepting cryptocurrency will give the crypto the much needed credibility and many newbies will adopts and use bitcoin. I call them non informed minds because they are not yet educated on blockchain and what it can do for the world of business and other human en devours. They do not know what AI and other improvements on blockchain can do for the safety and credibility of the blockchain. So let government go ahead to create or adopts their own crypto or adopts the existing ones it will surely help to increase that awareness and adoption of cryptocurrency.  

It does matter for several reasons. One, the narrative would change drastically. What would have taken maybe 10 years turnround period would take less than one year. For close to a decade, its still becoming so hard to separate crypto successfully from crime and other vices that it has been attached with but with government coming on board with acceptance, before one year, this would have been a thing of the past. Another is the massive adoption that would follow. With government and its access to machineries when deployed would go along way in ensuring that the adoption gets to the innermost part of the citizens.

In my opinion it is kind of a compulsory that banks and specially governments accept cryptocurrency. Without the approval it will be harder to attract big industries in the world of cryptocurrency.

It is certainly necessary that government and banks recognise bitcoin as a viable payment method. This is fundamental for bitcoin' global establishment.

Mass acceptance is what cryptocurrency needs and governments and banks accepting crypto is going to help in this regard. Its value will rise which will bring nothing but good.

I think that you are chosing to interperet goverments "acceptance"in the wrong way , goverments should not are not going to use bitcoin. This is something that is very very unlikely.
Goverments shoould accept btc in such sense that citizens are allowed to use BTC and their economies should be allowed to do so as well without any problems and with regulations , possible a bit different that in usual finance markets.

Yes it does. Government acceptance in cryptocurrency is a  big impact in the industry of cryptocurrencg because it alloweding some transcation of Bitcoin and other cryptocurrency legally and it is a great improvenment also in their market economy. If Banks accepted Crypto then it is a great collaboration or partnership they will do to do a better transactions to the people and it will gonna be convenient also.

Yeah it's better to set regulations for bitcoin rather than banned. Governments need regulations to monitor the transactions and to identify if it's illegal or not. This is important for every government.  Without regulation, it will be a difficult job to control these illegal jobs.

If we will recall the very reason why Bitcoin/Crypto was created is to remove the third party, governments and banks, through decentralization. So in this sense, we'd say it doesn't really matter whether or not govs and banks accept crypto. But eventually, govs found a way to have a slight of hand in the system via regulations. Banks on the other hand entered the scene by accepting crypto and/or creating their own currency. Now with all of these happening, it seems these two entities have not been totally removed by decentralization. At present, everything matters.

of course not a problem, even it will help the development of bitcoin become faster, yeah you're right, we need mass adoption so we
can more easily use bitcoin for anything like shopping and acceptance from the government and banks will be very helpful for it

Governments and banks can continue to exist without cryptocurrency, but it would be much better if they accepted and used a decentralized cryptocurrency. Most likely, it will be so, especially after a significant part of the states legalize it. Banks will then be cost-effective to provide services in cryptocurrency. True, to what extent, we'll see. But the government is unlikely to use cryptocurrency widely. It may allow its circulation within the country, however, it will not actively support it, since it is generally not interested in it.

It will matter, Government is the foundation of some countries today, making them trust the crypto currency system will give the users an opportunity to widen the use of it in making the technology and economical growth of the country itself. Banks will be close I think if that happens because in Crypto currency people can control their digital money online including the transactions and other functional details.

Government and banks will accept cryptocurrency in near future i think. Its because with cryptocurrency, people can travel using cryptocurrency and dont have to carrying paper money. Its digital world and people will go digital in everything. It will good if government regulate cryptocurrency and banks start receiving cryptocurrency for deposit

   If Government and banks accept cryptocurrency will be much better. There will be more security and more reasons for crypto to last longer and stronger. But i think it will take so much time to happen,just hopping.

Agree, certainly not a problem and it is a good thing if the government accepts bitcoin in their country. because it actually gives a lot
of positive things for their society such as new jobs, a better economy, transparent payments and so on

If government accept bitcoins they need to have a way to process it trough the system, how to tax it, control it, they don`t need to use it directly but they need to have system that support it. Will they use it directly in some situations, remember the news from last year when we read about how UK and some other countries are buying bitcoins to have if they need to pay some ransom. New jobs will appear, but many old jobs will lose their purpose, administration, banking system will suffer the most, the ones with programming skill will find job easier than the ones with economy skills. I agree with one thing, crypto can give transparency and that can increase trust in global economy, it`s what people need I believe, it`s why crypto gaining so much popularity.

Crypto currency are decentralized currencies, but still government has some kind of regulations over it.
As the policy of the countries are scrubbed by the government and also people rely on banks for investments, it would be great if crypto gets accepted by both

Crypto applications in a conventional bank system will cause problems because they also use the fiat system, there will be many things about transactions that they cannot set if there are errors from the adverse side, especially hacking problems.

For banks I prefer if they only become third parties / finals for fiat conversion. but for government regulations it is mandatory because it takes into account asset control and prevents ico investment from becoming too crowded without special rules. They have the right because if it is not controlled it will cause fiat inflation which is very severe in the future.

Yes it does matter why?

Because it's what we have been expecting for a very long time, why because it's going to bring about suitable transaction flexibility between all crypto enthusiasts

I think it is very important and necessary for the development of bitcoin. Put in case if all the governments do not accept it, I think the investors will give up bitcoin and bitcoin will not be able to grow strongly. If bitcoin is accepted by the government and supported by banks, it will open up more opportunities for future bitcoin development.

Personally, I will feel more relax and free if my government accept bitcoin.
Currently, If I withdraw my income from bitcoin i can't report it as bitcoin profit.
I have to report in some other, legally acceptable way and I don't feel good about it.

At least you have the facility to withdraw your Bitcoin, here in our country it is completely restricted to trade fiat-crypto or vice-versa. And most of them who thought it as a scamming mechanism grew their misunderstood info to another level. So government acceptance will help the society know the truth and know it better. Also, it will promote usage among the people, the new generation who is quite handy with the online transaction using electronic devices.

It doesn't matter if governments or banks accept bitcoin or not as if you take the example of India where the national bank banned cryptocurrencies trading in general but people still do buying and selling through the means of p2p, so even if the governments and banks stop accepting bitcoin then also we can transact through p2p, and when the authorities see the need of bitcoin they will eventually make it legal and that would revolutionize our banking and other industries as they world be able to use blockchain technology through that.

Of course, it is so important subject what you are talking, don't forget the market is waiting to ETF result and if it except it will be so important for all market and for next step, I mean next step will be governments and banks acceptance so it means is so important.

You are right when we are talking about the possibility of making a transaction. Since now almost no country has officially legalized bitcoin. But some people are using it (mostly for earning money). But for reaching the main goal of bitcoin needs governments acceptance. The main goal is bitcoin is used in shops and buying things. I don't think that can be easily reached without permission of governments.

If the governments accept cryptocurrency, it will boast the existence of crypto and make it popular if banks are involved. But would still want it to be decentralized.

But with a government that can monitor transactions from cryptocurrency itself can cause cryptocurrencies it is not impossible to easily enter the government, and that is what bitcoin needs as a reference to get legality.

Whatever the conditions, in my opinion it is important. Because, if the government or bank accept cryptocurrency and want to provide legality, then it will make people increasingly believe in cryptocurrency. And finally, it will keep the cryptocurrency away from negative perception

I read local news, my country's government also said that they would create a digital currency, but not like bitcoin or other cryptos.
and I think, this is not a problem, when the government wants to offer better security to store our assets, then it becomes an option that must be appreciated by the public. even if the development is good, and can compete with other cryptos, then we have to try it.

Government and Banks should accept cryptocurrency. Its new currency with more security and can be used as investment at same time. Many Government can not accept cryptocurrency right now because they believe crypto used for illegal activity

It's not the relevance, but the fact that banks are huge flows of money and people who own them simply will not allow to go somewhere else. The best minds on the planet work there. You only predstavte yourself on what scale you're talking about! It's incredible.

It will be a great news for the entire crypto space if the governments and banks across the globe accept Bitcoin without any regulation that will infringe upon the intrinsic features of cryptocurrency and the Blockchain. If the governments accepts crypto, this means more and more people will join crypto without investing in fear.

I think it is good that the government accept cryptocurrency and banks also accept it with the help of blockchain technology it is a future of all and together people will understand the use of it and they think positive on bitcoin and many will invest on crypto.

I think if the government only supervises and provides services and private actors I strongly agree that bitcoin belongs to us all not only rich people or people in bitcoin government because it belongs to all those regulated by international government law

The acceptance of crypto by governments will definitely make a positive impact on digital currencies. By these means, crypto will get a huge support and attract more new users. Though a crypto market can easily survive without it. It is strong enough.

Lol whats the goodness on cryptocurrency for security compared to banks and governments?when we all knew that in thic community we hold no physical control and assurance but purely virtual so wheres the more secure about that?what benefits us in cryptocurrency is the opportunity to gain higher and the privacy of no third party interference.but aside from that there are no more advantages than banking and governmental help for us human

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It does not matter if the government and banks accept Bitcoin as it is currently in use without their acceptance. Bitcoin was created because of the influence the government and banks have on the fiat currency. If the government and banks control bitcoin then the aim of creating it in the first place is defeated.

I think this is very important, because many people still do not trust bitcoin because he is not accepted by the government of the country in which they live. Therefore, the adoption of the cryptocurrency by the authorities will have only a positive impact.

You are right, bitcoin can really secure our money payments and minimize interference in this process by the government and banks. But if they accept this technology, it will bring it to the main level much faster.

I am for the fact that the government does not affect the cryptocurrency in any way, but if they do accept it and start using it, it will not only improve the trust in bitcoin on the part of people, but also improve the entire modern financial organization.

I think there are some aspects that affect people or community when government or banks acknowledges something just like cryptocurrency. It's just like crypto gains trust from a large amount of people if it is acknowledged by the government or banks because as we know that government and banks practice security and trust.

Of course because if our government doesnt accept btc then that basically means they are going to ban cryptos and in case of banks umm its no probs if they dont accept

In Belarus there was a Bank that accepts cryptocurrency. You can contribute to it but I do not understand why, if you can just buy it on the stock exchange. It will be beneficial only to the Bank. The whole industry was created only for network users and that bitcoin was independent from other States or banks !
http://www.paritetbank.by/ It is suspicious that even the site is not protected )

Is it necessary? I don't even think that they, government and bank, accept crypto as one of their 'stuff' to be rolled. bitcoin should be remain decentralized. When crypto has been accepted under theirs, I guess every pieces of bitcoin's will be controlled, no more privacy and separation between you and your coin. When they accepted crypto, it will only be a commodity that has lots of profits to be taken

   Governments don't like crypto because it can't be regulated or taxed. Unlike fiat currency which is fake to begin with it is the only currency adopted by the government sponsored by the 100 trillion dollar family the rothchilds.

It matters. We need their consent on this for they are the one handling/regulating things economically.


I also believe in this statement, if they allow bitcoin and not use it that's fine. They are not forced to. But as time goes by I think they will still use it. They will need to cope with the advancement.

Yes, of course, it matters because it will make the more people believe in bitcoin some banks and government also accept bitcoin already but its not that much bitcoin has to cover a long distance to accept all over for this it has a stable market shares and proper strategies which will help the bitcoin to attract all people.

When something comes with the govermenst i always afraid about it. I believe that the biggest problem for the bitcoin could be with the goverments. If they go hard with any bans or prohibitions, the market could collapse and everything would fade.. Thats my number 1 fear in this business. I also believe that if some one or some family rules the market secretly, they can easily finish everything, how could we know right? I pray that we would never see a bad dreams..

Governments and banks are in great need for the development of bitcoin in the future. Because of their agreement, the BTC can penetrate and disperse strongly with the large number of people in the government and those who use the bank.

it matters a whole lot if government and banks accept cryptocurrency beacuse this will give investors an assurance and they will be comfortable investing their money into cryptocurrency and you know what that happens price will blow up.

Of course, it is very important for the development of bitcoin. bitcoin will be legal when it is government and the bank accepts it. And I believe it has a positive impact on bitcoin. The market is going down because a lot of bad news is affecting it. Acceptance from the government helps investors feel safer when investing in bitcoins.

Yes it is. Why? Because people nowadays are finding a job that can make them earn a profit that is enough to feed their families. Cryptocurrency allow people to make it as a sideline job and gives opportunities to people. Now if government didnt accept cryptocurrency then the people who can use crypto is limited only. As we know government can do everything they want. If they accept cryptocurrency , then crypto can also give benefits to that country.

Of course, in the eyes of many people, the official recognition of bitcoin by the authorities will give it an advantage. But in fact, bitcoin can develop without government intervention and banks. His main idea is this.

Yes it does. Just as you mentioned, security is vital in finance and people will have full confidence in an institution that there's security of investment but right now cryptocurrency lacks such.

Bitcoin, cryptocurrency-all this is created to simplify and improve the security of the modern financial system. It can replace the familiar to us banks. Therefore, I hope that it will be adopted as soon as possible and will be fully developed.

Since we live in a world where state power plays the most important role, then of course, its official permission for the development of cryptocurrency is necessary for bitcoin. Therefore, I hope that countries will accept it as soon as possible.

Indeed, the existence of cryptocurrency should be supported by the government and the bank, so that it can provide security and comfort to every cryptocurrency user, besides that with the support of the government and banks, cryptocurrency will be able to develop faster and become better in the future. Let us imagine if all governments in one country forbid the use of cryptocurrency and severe legal sanctions on every cryptocurrency user, it would have a negative impact on the development of cryptocurrency. For that, for me, it should be able to create good cooperation between the government and the bank and also the cryptocurrency, for a better future, so that shared expectations can be realized to improve the economy and realize prosperity for every citizen.

I can't imagine how they can overcome extreme fluctuations in crypto currencies. there will be many complaints from users who are still unfamiliar with this, but only come in the case as a currency, if it is only arranged as a commodity such as gold, the bank can still create a congruent system.

Even if I will not care about such a development, most people will care especially those that do not really know why governments and banks have the monopoly of printing money in the first place, as you say they got that monopoly to bring confidence to the people and security that their coins had value, but now that a new way has been created to do exactly the same thing and it can be done with greater reliability then we do not need their control anymore.

I agree. If the blockchain can provide good security, the need for banks will disappear. But for this to happen, there must be very drastic changes, which we are not yet ready for. I think that the blockchain will take a very important place in our future, but it is not known how far it can go.

For me is good combination government banks and cryptocurrency including the improvement of blockchain is great, helping each other to improve the relationship of the three involve parties is the way of success, to secured the interest of the people investing in cryptocurrency.

For me it does matters most, it would be best that government and banks will also accept bitcoin. If this will happen everybody will be able to enjoy the advantages of having it.

I think Cryptocurrency stands alone with the nature of prices that change constantly over time, so if the government adopts I think it will be difficult to handle very fast price movements, so if the government and banks accept Bitcoin I think it is better for the government to regulate everything in need by Cryptocurrency.

Yes, it is important to have universal acceptance. Governments and banks are institutions that society depends on. Trust is the foundation of any currency, don’t you think? With acceptance from the government and banks, people will be more confident in using digital currencies.

It is a huge matter for the governments but not with the banks in my opinion. Crypto are here to disrupt the banking system so we don't really care if they accept it or  not because they are going to suffer a lot with the digital currencies. But we really need to have the support of the government because it will boost the trust of the people on crypto and also to push the price upward.

No its about them but its about us ( crypto users ) .  it does matter for us if what is their decision because that will have an impact to the prices of cryptos .

Thankfully  most governments and banks right now are already accepted and legalizing the use of cryptos but cryptos are still volatile and wouldnt be stop from declining .

So overall its still up to us if what will our strategy to overcome this bad moments that are currently happening to crypto markets .

For the time being, I think the fact that governments and banks don't accept cryptocurrency is part of the reason there is somewhat limited exchange of cryptocurrency in 2018. It's limited and only available through certain channels because right now the banks and governments still set the standard for how most people will choose to handle their money. If that changes in the future, I still believe that it will matter because it will set a new standard, an opposite standard for the way cryptocurrency is viewed, which could be for the better or worse.

Do that, that because that that that all that know the information of the banks that are accept it, they will try to take it with it and will be many volume in the password is not.

that's very important. Digital currencies such as bitcoin and altcoin really need support and cooperation from the government and local banks. so that bitcoin and altcoin can be accepted in all circles. and crypto currencies cannot be used to transact freely if the government does not legalize it. so it is very important the role of the government and local banks for the future and development of crypto.

Fortunately, most governments and banks are now adopting and legalizing the use of passwords but the passwords are still volatile and will continue to decline. Therefore, the whole is still up to us. cryptographic market.

It is important to have global acceptance. Governments and banks are the institutions that society depends on. Trust is the foundation of any currency, do not you think?

No it is not important, besides even if you thought that it was important to get the support of governments and banks, the question is how are you going to get it? It is obvious that cryptocurrencies go against the interests of those institutions, how are you going to make them to go against their own interests? To me that seems like an impossible battle to win.

Our world is designed in such a way that humanity needs controlling structures. Otherwise, our world will end in chaos. So the real role of states is hard to overestimate.
As for the financial and monetary relations, the situation here is a bit different. The blockchain technology has shown the world its convenience and security (and not only in the financial sector). But banks are an established structure and they will not give up the control and influence   in favor of crypto currencies.  They will eventually be forced to adapt to reality and simply accept cryptocurrency.

 It does, whether we like it or not, these institutions flawed as they may be are an architecture that has stood the test of time, providing goods and services to support and manage the population. To allow them to witness a better methodology can be a game changer, upon them upgrading their networks; We The People will stand to Gain from this Epoch Making change.
 but it is too early, the methods and techniques are yet to be perfected, it will take time before the whole network is working properly to work as a Showcase.

Its true, if government and banks accept bitcoin and regulating it as currency, i am believe it will be big step for mass adoption. It will give big effect to market and people will more interesting to invest in cryptomarket

The governments and banks are major concerns of crypto and the more reason for the price determination on the market now. Crypto is largely influenced by the large numbers of people either trooping in to invest or refraining from it. In the light of this, any factor which drives the people to any of this direction has the potential of affecting the market value and price hence needs to be dealt with respectively.
The governments have great influence on the people and once the government ban crypto in a certain country, more than 90% of the entire population of that country lose interest in investing or patronizing crypto. Hence, it really matters if the governments accept cryptocurrency as this can cause the market to skyrocket.

That's correct. some people think that governments don't have any value at all because of the emergence of Crypto Currencies and blockchain technology but these people are absolutely wrong why? because when these governments that they call useless or anything else like that are the ones that let them use Crypto Currencies and if these governments prohibit their citizens to use this kind of innovation and technology in our monetary and payment system there is nothing we can do about it but to follow and obey the rules they created. Imagine if all of the countries in this world prohibit the usage of Bitcoin and other forms of Crypto Currencies, there will be no trades and transactions that will happen and this industry will surely die.  8)

Governments and banks have the leverage to step into crypto and guarantee its acceptance so as to win the trust of the masses however, the acceptance does not mean that the era of digital currency suffers without any governments and banks acceptance in the sense of legalisation. The complexity of crypto its self is vast as it can be used to tackle almost every facet of the human life but it just a matter of time that governments and banks need to study and understand the nitty gritty of crypto before accepting it.

yes. The government will never accept crypto, they always try to limit crypto all over the world. I don't think your prediction will come true.

This. People basically trust banks (still!) more than they trust crypto. So we actually need banking to embrace crypto for it to take off.

 :) :) :) :) :) :) :) :) :) :) :) I believe it does matter if governments and banks would accept cryptocurrency, as they have the capacity to propagate the good news of blockchain technology and bitcoin to the rest of the world who are  still skeptic about the world of crypto. :) :) :) :) :) :) :) :) :) :)

Yes it matters a lot to the coinor cryptocurrency.
Acceptance from the banks and government will give the boost to the price of the token.
the demand will be high and will result to  a big pump in the market.

To be honest,it matters if government and banks accept cryptocurrency.However ,many traders are using bitcoin to trade forex of which they convert bitcoin to dollars. This makes bitcoin to be more attractive because of its usage in forex trade.Had it be government banned the use of bitcoin in forex trade many forex traders wouldn't have seen the potential in bitcoin.Now,some forex trading companies are on the verge of integrating forex trading with cryptocurrency because they are not restricted to do it.They are building their own blockchain technology pointing out that brokers and traders will be using its technology for transactions,and they also promise to perform more than traditional liquidity providers by charging low fees transactions.
So,Cryptocurrency will gain a very high financial momentum if government and banks accept it.

They are the ones that are more skeptical of bitcoin and other cryptocurrencies and they are skeptical because they understand very well that they are going to lose most of their power if they let the market of cryptocurrencies to prosper but at the same time they are confused about what to do since it is impossible for them to stop the development of this market.

ofcourse it matters, people still can call bitcoin scam, which means people doesnt trust crypto even it has many advantages.this is all about perception.can you imagine that if banks accept crypto and how people change their mind about btc?

That means it it legalized and Government will taxes cryptocurrency investors on heavy taxes and also give stick regulations that will be in favor of them.But it will also reduce scam ICO.

I agree with the statement that cryptocurrency provides more security than government and even banks but government still remains a force to reckon with when it comes to have an enabling environment for cryptocurrency. There will be a better result when governments are in love with cryptocurrency.

I think that governments and banks will accept crypto with time, i don't know whether i should care about this at all as i can use btc at sites freely and i find this very convenient.

In my opinion, if the government and central bank have received crypto. That means, cryptocurrency has been adopted in bulk. For me personally, that is something that is good, during the intervention of the government and the bank is only limited to, making regulations that aim to bring order

It absolutely matters as government is extremely powerful and high influential in all areas of business and commerce.

If the government and the bank accept the crypto currency. So this can benefit us. Because many people are not able to use the crypto currency because it is considered illegal to use crypto currency in their country. Because of which the crypto currency is also damaged.

Rather than imposing a ban, or imposing strict regulation on crypto-currency trading, the government would do better to cooperate with the community in order to better collect taxes related to the income generated by this activity.

Look at what's happening right now. As China and South Korea impose stricter rules, with the threat of a ban - or the implementation of a ban - other countries could intervene. Yet, if we look at Japan, it is becoming a paradise for crypto-currencies, due to a favourable framework. Even the Philippines is in favour of cryptocurrencies.

Perhaps it will.But why Are you so adamant about democracy?Even if it is not 100%, governments still care about the welfare of their people.About security, I think from robbery and street gang cryptocurrency and new technologies will not save you.Perhaps the banks and their services will become irrelevant, but as far as security is concerned, the governments and security forces will not disappear anywhere.

that's right because with the government and banks willing to accept crypto it is great for the crypto future because with so many governments willing to accept it it will be fast for crypto to develop. because the government can certainly regulate and regulate it too

For me i dont care about banks and governments accepting cryptocurrency
because i will keep crypto seperate, i wont get involved with anything they
provide in relation to crypto. Bitcoin was created so that we could operate
financially to a degree without the aid of a bank.

If you personally dont care about regulations of governments you simply prefer to  ignore the power of media,technology which depends on governments. Crypto community should justify the merging rules that explains advantages of crypto than current financial system. It is not something that happens overnight. Keeping balance on zero is key.

A bank cannot accept crypto because the system that was used to build cryptocurrency is opposite of the core of the banking system. One of the points of crypto is to provide decentralized system opposite to the centralised banking system. To prevent major crashes and the huge impact by decentralising it. Banks see the blockchain as their competition and potential acceptance and involvement of the cryptocurrencies by the governments may be threatening to the banks. I believe that all smart and progressive nations will make a balance between these two. Letting crypto currencies have their role, but keeping to the core of the standard and centralised banking system. Maybe banks will adjust as well and involve cryptos in their business.

It's impossible. A group of people always needs a leader. In the one who will control the actions of others and create order. This stage of humanity has already passed in ancient times.
Now governments complicate things a lot, but just think about it if all governments and regulatory bodies disappeared. What would the whole world be waiting for? The answer is chaos. Everyone would just do what they wanted. But you probably don't even realize what desires can be in a person. And who will prevent the next maniac to start killing everyone, rob and rape?
Humanity just needs to be controlled. Crypto currencies should give people the opportunity to live better, manage their finances on their own. But people are just people. There will always be those who want to borrow. And if we are talking about a crypto loan, then there must still be a body that will issue it and will control its return. Just take this function, for example, banks.
I think that before we say that the government is no longer secure and is not necessary, we should offer our version of what a society should be in this "world free from government and banks".

I don't think the imposition of tax after the governments accept crypto will be the problem for crypto users because most of crypto users are already paying taxes on the secular jobs. Although the regulations will check the scam ICOs and eliminate the FUD in some investors, cryptocurrency will cease to be decentralized even though the underlining technology is decentralized. The government will manipulate it and control it just as the fiat. Where then will lie the difference between fiat and cryptocurrency?

now the problem is the legality of the government for crypto currencies if the government and the bank accept crypto I think that is a good progress, of course if you make it safe and comfortable to invest, maybe the crypto currency will be stronger

I think it does. It would actually promote cryptocurrency at the very least. There are so many people who are still doubting cryptocurrency, its legitimacy and practicality. If the governments and the banks themselves accept crypto, it is like a very solid statement of support to cryptocurrency's legitimacy and practicality. It would hasten the rise of cryptocurrency because the legion of status quo supporters would then realize that indeed cryptocurrency will work.

It is matter for me because the banks and the governments can influence the perceptions of the people in our society. There are now many people who are believing to bitcoins because of the regulations that the government created in some countries.

There is no real democracy if we should talk about money. The government had to control transactions in a way to protect the interest of all and the government which stands for the people. Haven't you think why the government is really busy tracking money laundering activities? Well because that is really needed to make everything in the economy stable. I am not against the goal of cryptocurrency but the private interest should only come next to what should serve all that could even include oneself as a private person. It is just a matter of doing balance protecting both sides where both can benefit in the process.

As long as government and bank involvement is limited to making it more organized, no one uses crypto for corruption, money laundering, etc. I think, it doesn't matter. Because, that's for the good of all crypto users

when it is going to be of such support from the government and the bank maybe many bitcoiners happy, perhaps because of the fact that all bitcoiners want to raise the bitcoin totally and never go down from $5000.
but we can not say that, because the government will not allow it, the reason for attracting everyone to bitcoin and losing currency value of each country, the government has need to control it for everyone who is interested in it.

I would say it does. It is because a government and banks as well as entities control the sentiments and beliefs of people, especially in their localities on tht types of investments that people would enter in the present and most of all in the future. Since cryptocurrencies rely mostly on the community and on its users to continue its activities, it would be too much of a blow if many governments would speak ill of it or ban it, especially when coming from big market countries like the UK, China and the US. On the other hand, if a government supports it, many people would be more comfortable to invest in it knowing that their government supports it.

It's going to turn governance on its head when cryptocurrency is established as the only type of currency there is. One of the major powers of being in govenment has been the control of money. With this out of the governments' hands, what is the use of them? It's worth thinking about.

in my opinion, it should be agreed that other users will be more flexible in terms of transactions using crypto money and money from their respective countries.

Well for me ,this is all what we are waiting for the cryptocurrencies go mainstream,mass adoption is what we all need.and i know even you have the same thought .banks are now willing to adapt this crypto and more governments are starting to plan creating their own crypto

There are now some governments and banks that have now interest to cryptocurrencies. Actually there are now banks that is using blockchain technology because of its uses and important function in our economy.

No course not, there are many payment services which do. With the new development of STO's. crypto payments will now be taken into tokenised assets. Once there are proper chain analysis and KYC checks (good enough for banks in the future) maybe they will take certain risks on it.

Nevertheless, the model of our society will not change very soon and the government and state-owned banks will continue to maintain their influence. Therefore, their opinion about bitcoin is of great importance.

Of course, the government's permission to use bitcoin is very important. And despite the fact that now most countries are quite negative towards him, I believe that he will still be able to fully develop the world and the government will become more loyal to him.

I think it will be a win-win effects both to the cryptocurrency and the government, if government approved thr bitcoin, the economy of that country can be increased in a sense that we all know there are lots of people all over the world that using a bitcoin and other cryptos, on the other hand, bitcoin will also increased continuously because of the additional users of bitcoin.

Lately I noticed the contribution of government and banks to cryptocurrency in some countries, however they will never legalize the coin. It is a valuable asset not to be neglected and more countries are joining the campaign to collect tax from it. It is up to 10 of existence and everyone wants to benefit from the space

Yes it is. Because the decentralized currency of bitcoin will abolished. Which means banks or government can make their own policy on how bitcoin will roll in the market. Tax also will be included everytime you cash in and cash out.

Banks and governments accepting cryptocurrency as a mode of payment is fine as long as they don't regulate it. The technology of the blockchain is improving that it will be able to provide the security that we all want.

yes, it means a lot, it is like getting pre-approval or got a strong legal entity and acceptance.

It matters a great deal. It is like being invited to a ball of high society and being given the key to access all secret rooms :)

This acceptance means that the crypto will be well penetrated in the system and used with even wider purposes. If the banks start openly trading with cryptos, it will expand the market even more. It will come closer to fiat currencies with its usage and purpose.

Of course they will regulate it. The crypto space won't be allowed to regulate itself. Not until the bankers get their hooks in it, then they will regulate it by lobbying politicians so it seems gov't is regulating it but in reality it's the power players in the financial industry that are really making the rules. As it has been so it shall be.

more acceptance less fud and more positive news which in turn means rise in price. the government always want to have dominion over anything which have influence on the economy of the country and this is the reason why governments might not want to accept crypto except they have control over its usability. However you may want to believe me that the reason while there has been negative news about the crypto is partly due to the generally acceptability of the coin. infact 80% of people that write negative news about crypto doesnt even know how it works

problem for people is when they want to make kyc in every movement. bitcoin is anonimous, but if government totality handle it, it cant be anonimous again, because they never want to missed by people. you know that many people only take profit than use it as technology.

western banks and governments are doomed, even if bitcoin will collapse what is likely, they will end up being communists, thats what their once sworn enemy (soviet union) was and they wont be able to get the same power and support the soviet union had within its own population to stay stable for 70 years

Yes, it does matter. Many positive effects if the government begins to accept cryptocurrencies. The first one is the increase in foreign exchange. Singapore for example, they set their tax laws apart. Lots of people will invest their money in bitcoin. I personally think it would be better for many countries to legalize cryptocurrencies. The blockcha (http://rumahmu.com)in itself is the safest system at the moment. How fast the economic growth will be when foreign investors transacting using bitcoin in a country.

Banks and the government are beginning to understand that if they do not come up with how to join the crypto movement, they will miss the opportunity to earn money. We can already see major banks buying up exchanges, governments coming up with their own digital currency, and so on. This suggests that they are afraid that they will take away money and power. And as soon as people realize that cryptocurrencies are cool and safe, they will stop going to banks. Before that, the world of crypto-currencies will change very much and we will see it not as it is now.

Of course it matters.
Let's think!
Let us assume that banks accept bitcoins or other subcoins. This will give great confidence to the markets. This is very important.
It also provides great convenience for users.

yes indeed this is very beneficial for users but not for people who do not use it. It is not as easy as that banks and governments accept cryptocurrency, because they have to be able to manage it and all of that takes a long time so that things do not happen that are detrimental to society or the country.

In my opinion it doesn't matter. Bitcoin was created without bank or government interference. Even without a bank or government, cryptocurrencies keep running without problems. Maybe the government doesn't rea (http://yubster.com)lly understand about bitcoin and there is no insurance in transactions. Not considering the certain regulations from the government. No, it won’t happen.

yes it matters if government and banks accept cryptocurreny. First of all, if government should legalize the use of bitcoin, people will then begin to invest in it and use it since it is backed up by their government and then banks can become fully involve in it which will have a positive impact of bitcoin and cryptocurrencies

If government accept cryptocurrency then people will trust it to the core and banks too will have no choice but to follow but what I'm worried about is the consequences of getting government involvements ,might be bad move or good move ,no one knows for sure

Obviously, if governments and banks accept cryptocurrency it will make great effects to the cryptocurrency. If government accept cryptocurrency then general people have become more interested in bitcoin. Those people who want to invest in bitcoin but not trust cryptocurrency completely, they will invest in altcoins. So it makes a great effect on altcoins.

That will increase people's confidence in crypto, with the cryptocurrency being accepted by the government, the crypto price will be more stable, but with that there will definitely be taxes from the use of cryptocurrency.

we all know the government and the banks are not supported for the development and acceptance of cryptocurrency at any time but if it happens when the government will approve the usage of cryptocurrency the world become more economically powerful that's why we are speaking and talking this topic otherwise there is no profit with the acceptance of Bitcoin by the government we will not considered this topic as so much important.