Why should governments accept Crypto currencies?

[Tangow3]

Although cryptocurrencies are anonymous, politicians cannot simply do their dirty works publicly. Many believe that politicians hold a large amount of crypto but it is hidden from public.

[oceantiger]

The government want to control cryptocurrency just like the control the fiat currency. The government destroy whatever it could not control. This the major reason why the  government wants  bitcoin banned is decentralized nature of bitcoin which they have attacked on several occasion to in other the cow bitcoin to become centralized.

[burky155]

If the goverments i mean all the goverments accept the cryptocurrencies it would make our market fly. But i believe that the govermenst still searching for the taxing system and they still haven't found it. And also the most important is the biggest countries. For ex. the China. They have %35 usage of cryptocurrency and it is nearly illagal to use in China. Also they can't join ICO's too. Also the United States is still out. We need fast solution to have those player to add in our crypto market.

[voltesbit777]

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. 

It would be very impossible for the government to accept crypto currencies if they think a lot of negative things about it. But if will become open and accept the good benefits it has and discover the catch of crypto currency for sure they would accept the system or adapt it. But not in accordance what they want it to be happen because it is decentralize while the government was centralize.

[wxa7115]

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. 

I really do not think that this is about that, this is about power and influence, governments of the world have a monopoly when it comes to currencies, in the past this was not the case, when gold was used as the main form of money around the world not only countries had the capability of creating their own coins, anyone that had gold could create their own coin and it could be accepted as long as it was made of gold and had a precise weight.

But governments outlawed that practice, then they created paper money which was backed by gold, and then when they got people to accept that form of money they stopped backing the currencies with gold and that is why we have fiat currencies, they love that system and they are not going to let it go unless they are forced to.

[rosemary4u]

Cryptocurrency is the future of the world, we need blockchain technology to develop as humans, I believe the decentralized nature of blockchain technology can really help government to fight corruption.

[zhekinsp]

If they want their citizen to have real freedom of using money then they should accept and legalize the crypto currencies in their country.

But most of the governments only wants revenue from the taxes not the welfare of the citizen but still we don't need their acceptance to use bitcoin.

[cryptoracer999]

I think its not legalized yet because once legalized it will be under lot of scrutiny maybe by special elected bodies. But now, its a perfect path for them to conduct illegal and dirty activities. So, it is more beneficial for them that bitcoin stays unofficial. Also, they might be thinking of possible market instability, however, once legalized I think there will be more stable market.

[Itcher]

Blockchain really in the future can greatly help in the issue of corruption, because this system is completely open and hide the money will not work

[Flor1982]

Aside from what you have said is true that some government could hide their corrupted assets and liabilities by using Crypto currency but at the same time they could also help their people and their economy to become more progressive and strong too therefore
Its just like hitting two birds with one stone.

[bdsharminsoltana]

The point is, not everybody desires and accepts bitcoin, in order that they can have a tough time coping with bitcoin and cryptocurrencies simply to launder cash, and to grasp that the majority governments ar already look the movements of such coins, it'll even be more durable to determine connections with cryptocurrencies instead of exploitation the established networks of rescript and banks. Also, the path will simply be destroyed in rescript instead of bitcoin and different crypto, thus why create the rash call of employing a somewhat heralded group action instead of one thing that is basically hidden if you paid the proper quantity at the proper people?

[bitcrypt_09]

Once the crypto market is regulated transactions will be transparent, safer and quicker. I am so happy to have AML BitCoin as this coin is the only compliant coin with AML and KYC.

[darkangel020716]

Well in bitcoin they can see all the transaction every single detail of it so if the Government accept it how they can hide some of their wealth that they corrupt on the people by having a tax? So they doesn't want to accept the blockchain so that there is no corruption would happen oh let me rephrase it how they can be richer if there is no corruption.

[kucritt]

bitcoin, cryptocurrency, and the blockchain is the future, especially in blockchain system, it is the future system, and if government accept bitcoin and blockchain as the legal currency there are many system in the world will change into blockchain that have more benefit than the traditional system

[bitcoins94]

Once the crypto market is regulated transactions will be transparent, safer and quicker. I am so happy to have AML BitCoin as this coin is the only compliant coin with AML and KYC.

[happyme1818]

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. 

Cryptocurrency transaction is traceable, that is the reason why corrupt politicians are opposing cryptocurrency to be implemented in their country. No wonder why many illegal activities that used cryptocurrency  are apprehended in the US and other countries.

[Harrow30]

I would love it if the third world countries can imbibe the cryptocurrency and blockchain technology. Like the Central bank and the senate have set up committees to go into study of this so as to introduce its benefits into the government structure of the country. I believe some countries have had some good reports having used it in their governing system; so, nothing stopping us in the third world countries from following suite.

[kamilah147]

Blockchain really in the future can greatly help in the issue of corruption, because this system is completely open and hide the money will not work

Blockchain functions in the future are indeed very useful. because blockchain is an application or technology that can change life in the future.

[Seeker#9]

It will be difficult for the corrupt politicians to use bitcoin in their illegal activities because it can be traced easily by the investigating authorities. But I think there is one reason why some governments won't easily accept cryptocurrencies is because of the coin's lack of central authority. In other word, decentralization is the primary reason why Igovernments are afraid of the cryptocurrency. The government can't effectively regulates and enforce monetary laws on the cryptocurrency to protect its economy and people from possible effects of volatility and and illegal uses.

[jimmyle]

One reason is enough - it will be easier for people to live. Transparency and security of cryptocurrency is already enough to use it!