Why should governments accept Crypto currencies?

[Eraldo Coil]

Governments should accept crypto because this will help their citizens and the country itself. Accepting crypto is like giving your people another way how to become successful in their life. It is an investment that everyone will benefit. But the government must have surveillance on what is happening.

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[anafiene]

To follow the progress of the times, the government must accept crypto as payment, this matter must be done and the community must be able to work together to be smooth. Transactions with Crypto are indeed easier and safer, but there is a need for a new system so that it can facilitate crypto ownership.

[SimonJones]

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. 

A corrupt government will not accept something that create evidence of its corrupt practises.

[tadpole_bitfrog]

Right, governments are greedy and do not fulfill their responsibilities. But a country with such great corruption is good? never.
Although there are many components of corruption, they must be concealed. If you let Crypto join a government organization, the world will become very bad. Do not think about your own benefits, think about the consequences of this in the future!

[oppasong]

actually the government wants to regulate crypto because they want to make money from all those who hold crypto especially if they want to save their money in the crypto world so that no one knows that they have money laundering so crypto is present as this new technology is made so In the future, the community has not been made difficult in conducting transactions.

[Kakmakr]

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. 

A corrupt government will not accept something that create evidence of its corrupt practises.

They created Banks and they support them in their exploitive behaviour. <Giving them Bailouts when they fail>  In any way, Bitcoin cannot be traced if you use it in the correct way, so why would they worry about "evidence" if Bitcoin hides their evidence?

The power of corruption is when you can do this without being caught and they are getting caught regularly with their hands in the money bags. 

If they add their own mixer services for these transactions, then the tx's will never be traced.

[galambo]

There are a number of benefits for the government to accept cryptocurrencies as well as there are a lot of disadvantages for the government with the use of cryptos. Cryptocurrencies are a fluid source or mean of payment and can give various opportunities to earn a stable income which keeps them much profitable and if government drew some attwntion towards them, than they can help stabilize the financial situations of the respected country.

Whereas accepting cryptocurrencies may also lead for a number of disadvantages which may include anonymous transactions leading for major illegal uses. This is what is not expected by the government and hence i think that always hesitate in the use for cryptocurrencies.

Also cryptocurrencies are been considered as a decentralised mean of payment which does not allow their transactions to be tracked and also has a lot more features which makes them completely opposite to the cebtralised currencies. Governments from each country can never make cryptocurrencies overrule their centralised currencies.

[Pursuer]

They created Banks and they support them in their exploitive behaviour. <Giving them Bailouts when they fail>  In any way, Bitcoin cannot be traced if you use it in the correct way, so why would they worry about "evidence" if Bitcoin hides their evidence?

The power of corruption is when you can do this without being caught and they are getting caught regularly with their hands in the money bags. 

If they add their own mixer services for these transactions, then the tx's will never be traced.

every day that you go to work or school,... why don't you use a tank as your transfer vehicle? it is much safer and can protect you from accidents. you don't use it because there is an easier way. you fasten your seatbelt and go within speed limit and you will be safe enough.

in your scenario you are saying the corrupt  government is already hiding their tracks, they already have banks to bail them out, print money, have full control,... and dozens of other benefits. then you say they should give it all up for a traceable and decentralized currency that they have no control over!. no matter what you think bitcoin is not anonymous even with using a mixer. and they will be caught even more if they use something like bitcoin.
if you said Monero or any anon coin like that then you could have an argument although I'd still say that disadvantages are still more.

[rexona]

I am sure the government in each country will accept crypto, but of course with the strict regulations they make, because crypto is very difficult to control so they will make strict rules, to avoid crypto being misused by its users.

[joshy23]

To follow the progress of the times, the government must accept crypto as payment, this matter must be done and the community must be able to work together to be smooth. Transactions with Crypto are indeed easier and safer, but there is a need for a new system so that it can facilitate crypto ownership.

Most of the time we do point it out that crypo can be a good help in terms of payment transactions, if government will see that potential and create their own way to facilitate  much better,  it can lift the system and be very useful for its institutions, we know that in separate countries there's always different rules about implementations of laws, in good faith, government can create one for crypto as well.

[Rossy Akbar]

the government should use bitcoin for the purpose of security, like avoiding money counterfeiting, and it is unhackable the best feature of it.

Not really sure that if you said bitcoin was unhackable when you can see so many scam nowadays to cheating people, well I mean if the government will use the cryptocurrency system, they might be need a high security for it, and just hoping that it will reduce the corruption of each country.

[coinwizard_]

Bitcoin is not completely traceable unless it has a history of only trading in bitcoin. For privacy it will be converted into something else like monero instead.

[yurekaa]

because the development of technology in the financial sector continues to grow and the economy in all countries has used digital technology to develop their economy and finances. so that each country must accept the development of financial technology so that it can compete and cooperate with other countries. so that each country can improve its economic level.

[andriarto]

because the development of technology in the financial sector continues to grow and the economy in all countries has used digital technology to develop their economy and finances. so that each country must accept the development of financial technology so that it can compete and cooperate with other countries. so that each country can improve its economic level.

besides, because transaction level is getting higher, then a payment instrument that is safe and fast is needed. luckily bitcoin is present and provides optional payment tools for the future

[Keyboard PC]

in my opinion the government can accept payments and use of cryptocurrency in its country because in my opinion bitcoin technology is very useful for economies in developed countries and understands the technology created because world finance requires technology like bitcoin for security in transactions.

[tocotococold]

Because the technology that bitcoin brings to the society many gadgets that no other technology has brought. The quick and convenient transaction makes the user happy. Bitcoin technology will help the government reduce inflation. And now the nation is gradually in the process of legalizing bitcoin.

[undisclosed]

I think it will simplify and cheapen payments for all people. It will also be possible for anyone to otleit: how much $ where it came from and how much it went $

[pikebu]

I think it will simplify and cheapen payments for all people. It will also be possible for anyone to otleit: how much $ where it came from and how much it went $

More than it bitcoin is deflation, so our values of money in bitcoin will be protected from inflation the other reason the technology behind of the blockchain it offer solutions for all of government around the world, so the government will addopt cryptocurrencies they should not ban bitcoin's usage. The government will open their mind to cryptocurrencies soon or later and it is just about the time until it happen.

[Elqui]

I think they will only accept it when they will give tax to bitcoin on its every transaction. Or maybe when we can use it in our daily lives that it becomes one of the main currency in the world.

[pra]

they must accept it because it helps the nation to be digital nation ,and even it is not a loss for the nation helps init increases the wealth of the country
a the fast transactions which make nation fast ....