Why should governments accept Crypto currencies?

[lyks15]

I think government will need to accept bitcon because it can help our country in many terms and aspects especially in the number one problem in the world which is poverty. All we know that poverty is the biggest problem at any country but when government will ooen their mind and will be realistic in accepting and using bitcoin poverty will reduce because bitcoin can be source of income to provide their family needs. It can also make netizens more comfortable and make their business transaction easier.  And I think it will be posaible in a long time process because all we know that there are so many negative people about bitcoin even it already proved that it can help all of us.

[nicster551]

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. 

They are going to accept it, but I guess they will have a huge regulation for that since they can't control crypto because it is decentralized.

[ahmad21]

Politicians are corrupt everywhere, the fact that everyone knows!!

Government authorities are more interested in fulfilling their personal interests over the welfare of their countrymen. And in order to give boost to their personal corrupt motives, they can go to any limits.

And how can then we expect them to shift entirely to a system that is decentralized, beyond their control and is transparent; which apparently are the characteristic traits of the crypto market. So this is obvious that the government officials will not promote the crypto market.

[rickn]

The question could be also why do governments want to ban and avoid crypto market development? Most of them do not accept the decentralized world

[ubercool]

Frankly speaking, no government will implement a decentralized open system with regards to currency, but if this happens then the population of every country will be having less issues with ease of use, transparency, ownership and issues with inflation. Governments should consider using crypto.

[kaya11]

They are afraid of the developments of the blockchain technology and what it might bring in the near future. Freedom of information and a smart city run fueled by crypto and blockchain, no more hiding the details. They are stopping the roots of crypto and it is BTC and they are making all they can to cut it in order to stop it further. Imagine elections with the use of blockchain where people have their pk's with them and a blockchain network that cannot be breach and manipulated by the governments, these are just some possibilities.

[devinks]

the government must accept the crypto currency because it is very profitable for a country, especially a country that is difficult to advance. with crypto received, what the government wants will be achieved. but this needs control and regulation if the crypto currency is safe.

[waitforme]

There are many reasons for the government to accept Bitcoin and Cryptocurrency. In particular, countries with high inflation need to release or use Bitcoin as a common currency to reduce inflation. Bitcoin cannot add so it can not exploit and will be solved.

[hitrawal91]

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.  

Because they are very much suitable for this and government can keep a track on every transaction.See Bitcoin is based in blockchain technology and if they can accept blockchain why can't they accept crypto.I agree it decentralized currency but still it can improve the financial system and can make it more transparent.Another main reason is if Bitcoin comes the popularity suddenly goes above dollars and that can bring equality in terms of currency in the market which dirty global politics.

[pixie85]

Because they will avoid corruption since all transactions are traceable  

A very good point.

I think they should also do it because people want them to. We have democracy, don't we? If enough people vote for Bitcoins to be accepted they will have no other choice than to do it. Ok there's another choice, turn into totalitarianism and fight those who want changes.

[farosa]

If we think paper money is unlimited, it's the right choice for bribery. Bitcoin has a limit and it is impossible to increase or decrease unlike paper money. Crypto can definitely take counter-fraud in the economy, so it is not accepted.

[Zeque02]

Goverment should accept bitcoin because of its usefulness and safest way in manipulating own money through sending money and different payments. It also give extra income to people who are willing to join different bounty program and investment.

[GERMO COIN]

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

Bitcoin can indeed avoid money counterfeiting, but remember that in addition to good features Bitcoin also has weaknesses that can harm the government, that is Bitcoin cannot be tracked so that crime, money laundering (corruption) and tax evasion can occur using Bitcoin, so before accepting Bitcoin the government must first think of ways so that this cannot happen if the government legalizes Bitcoin.

[94K]

Cryptocurrencies are now becoming and will be the future of digital currencies and not they are being accepted for the payment of goods and services. People are getting to understand it and in no time it will overtake the fiat currency.   

[rodskee]

Government legalised the cryptocurrency because the know how to help for their people
Regarding to the government corrupt officials use bitcoin to hide their wealth
Because banking system aren't safe for the wealth secrecy.

[hachiman13]

Cryptocurrencies offer a new mode of payment for the people. If you look at it objectively, it brings more pros than cons which is why the government should allow or support it since their aim is to make their citizen's life easier.

[BagzMM]

In my opinion, if the government would accept cryptocurrency it would be a big help for easier and faster transactions for the government records. But if they will not accept it for they know it would be a barrier for their hidden agenda.

[Morning honor]

In time ahead i know that someday somehow our governments will adopt and support crypto,.because crypto will do for us in so many helpful ways and aside from that by making our trasactions easily by paying and transacting money in and out to our fellow pilipinos working abroad.,and most is important in crypto that it helps us also by joining different campaigns we can earn by it.

[James_Cline]

Cryptocurrencies offer a new mode of payment for the people. If you look at it objectively, it brings more pros than cons which is why the government should allow or support it since their aim is to make their citizen's life easier.

Exactly. Everyone can benefit from the advantages of crypto, even people from the government. So in essence, they can't be against crypto. Perhaps they're just taking time to really study it? I'm sure the government and crypto can co-exist in the future.

[Qurelal]

Crimes can be paid in this way. Such crimes may be directed against governments. You see that now no one has any problems with the transfer of funds. This will not happen further. Governments cannot afford to transfer money to anyone for any services.