Why should governments accept Crypto currencies?

[Angela92P]

Taxes are needed, but minimal. It is important - the first three years, for example, the ICO should be exempted from taxes. And then the country will receive: a) huge liquidity (one ICO - the budget of a region or even a few small ones); b) new funds on deposits; c) new business entities; d) a huge labor market; e) additional funds from related services (purchase of traffic, payment for the work of specialists).

[adzino]

First of all Bitcoin is not completely anonymous. It is pseudo anonymous which means it can be traced to you with the help of some sort of information. Secondly, the transactions are completely transparent. Thus we will know what happening with the funds they received. Any sort of unusual behavior in their wallets would raise questions.  They will no longer be able to steal peoples money. If they can't steal those money, what will they be hiding through these wallets? Corruption will actually drop down for which the Government is scared to accept bitcoin.

[Olayinka225]

Why because if accepted, the whole world might and will go digital through the work of cryptocurrency. It's what can unit everyone of us all together through digital currency.

[feehannah]

Because  people in one government should have a better and brighter future,and i believe that cryptocurrencies could help those poor people to have a source of income through by joining any crypto activities. If time comes that cryptocurrencies will be legalized,it can help to less the poverty in one country.

[Nhor1011]

    Government should accept Cryptocurrency for the sake of mass people who believe in crypto and also to help economic problem. But the only problem if the people in the government will abuse cryptocurrency and use it for their own sake and become greedy or if they can use it on their own illegal purposes.

[batang_bitcoin]

Transactions can be traced if you know who are the owners of those specific addresses that you are tracking.

On their part, cash is more anonymous, no trace left if they are into corruption. Unlike bitcoin, if they do something with their balances, traces are left and its recorded on the network so that can be an issue for them. But I like to see it being adopted because they believe on it and understands it perfectly, not because they have hidden agenda.

[conanmori]

No they don't support it for some reason like that. Bitcoin can make the Country Bank bankrupt if all citizens use Bitcoin and exchange to local currency. Considering how Bitcoin progressing it can totally make a huge impact to a country money flow if they fully allowed it.

[andieoke]

Bitcoin is a modern technology in the payment. With Bitcoin all it becomes easy, Bitcoin has many advantages of the ordinary Fiat money and the government must indeed receive Bitcoin because it has been a demands. Old or fast Bitcoin will be received by the whole country in the world, and the government must also introduce this bitcoin to the community, so they are not outdated and modern growth of technology as it is today.

[aryaadikariyansyahsuwarto]

in my opinion it is not necessary or not obligatory to accept and even approve bitcoin. Because each country has different regulations in it, maybe those who agree are modern countries with a majority of people who are connoisseurs of digital currencies, while in other countries there may be many people who do not know that, some even don't know the internet ...

[xWolfx]

It's pretty obvious that if you are a corrupt government is easy to hide your not so good activities, unless some government is incompetent of course or don't want to do it.

However, not necessarily corrupt governments don't like crypto. We tend to see a pattern of "authoritarian" regimes who likes to do those kind of things mostly. The rest is just people who don't understand the possibilities of Bitcoin/Blockchain or don't care at all about it.

In fact, even the dictators of Venezuela were advised to develop using Blockchain and create something that can deceive some as cryptocurrency when it isn't. Especially taking into consideration that they will run away with that money if they have the chance, mark my words.

The short answer is, Bitcoin is the future.

[mangsitin]

I think indeed all governments in the world must accept the digital currency, because digital currencies like Crypto are innovations in the present century. Humans on this earth are already very modern in everything using digital when they travel wherever they are not free from gadgets. So a government that has not received Bitcoin like in my country, please accept bitcoin as a legal medium of exchange. Because this is the future.

[Lazada]

I think indeed all governments in the world must accept the digital currency, because digital currencies like Crypto are innovations in the present century. Humans on this earth are already very modern in everything using digital when they travel wherever they are not free from gadgets. So a government that has not received Bitcoin like in my country, please accept bitcoin as a legal medium of exchange. Because this is the future.

Yes, it is true that crypto is an innovation and has so many advantages that it is suitable for use by many people in the world. We must immediately abandon traditional transactions because in order to face this more sophisticated era, we must be able to maximize the existing system.

[chickenado]

It's pretty obvious that if you are a corrupt government is easy to hide your not so good activities, unless some government is incompetent of course or don't want to do it.

However, not necessarily corrupt governments don't like crypto. We tend to see a pattern of "authoritarian" regimes who likes to do those kind of things mostly. The rest is just people who don't understand the possibilities of Bitcoin/Blockchain or don't care at all about it.

In fact, even the dictators of Venezuela were advised to develop using Blockchain and create something that can deceive some as cryptocurrency when it isn't. Especially taking into consideration that they will run away with that money if they have the chance, mark my words.

The short answer is, Bitcoin is the future.

Anonymous, decentralized, and centralized what so ever, it terms of money evil will take  it chances to take advantage  the only thing that we learn out of these are the development of security system to suppressed these evil deed and greed individuals the big question is the system capable of further development.

[MbakNarti]

Some positive and negative reasons for crypto acceptance by a country or government certainly occur, I see from the positive side that the government wants crypto to be better and can get legal protection, so that crypto owners will feel safe and protected in using crypto. besides, I see that crypto has great power to help economic development and the welfare of the people of every country, so the government should be able to accept crypto and legalize crypto use in every country in the world.

[IndigoRed]

Some positive and negative reasons for crypto acceptance by a country or government certainly occur, I see from the positive side that the government wants crypto to be better and can get legal protection, so that crypto owners will feel safe and protected in using crypto. besides, I see that crypto has great power to help economic development and the welfare of the people of every country, so the government should be able to accept crypto and legalize crypto use in every country in the world.

Precisely. Those who don’t embrace technology will obviously get left behind and will deprive themselves of its many benefits and advantages. Out with the old, in with the new, as they'd say. And besides, even the government can benefit greatly form blockchain and cryptos, that’s why they should accept it.

[iMark]

Acceptance of bitcoins brings many benefits to the government and users. Users will be assured of transparency in transactions and investments, the technology that bitcoin brings will help the government manage better in all areas.

Yeah it will be a mutual benefit, the government will benefit from taxes and the public can benefit from cryptocurrency, of course at least that will improve the economy in that country, so I think it's very important that the government legalize crypto, why haven't they done that?

[Louis Jackson]

Crypto brings us many benefits . they give customer and supply  a simple and cheap method of  payment , they give investor profit , they give consumer convenient  way to store value and pay . For those reason Why government don't accept crypto currency?

[kokobaba880]

Governments if not but if they allow that people of the country can use it openly then it's means that governments is accepting bitcoin and with this many charges for transactions through banks can be minimized the cost and if instead of governments if big businesses allow bitcoin for transactions then bitcoin will flow for better economies.

[hawkins]

Governments if not but if they allow that people of the country can use it openly then it's means that governments is accepting bitcoin and with this many charges for transactions through banks can be minimized the cost and if instead of governments if big businesses allow bitcoin for transactions then bitcoin will flow for better economies.

well, so much consideration for the current government. however, I think the government's support at this time is only issuing regulations regarding the development of that usage limit. well, the current development is quite good, but there are some countries that ban bitcoin. development is certainly for economic development.

[Getcoinsite]

I guess its better to ask opposite thing

“Why should Governments will not accept bitcoin?”

We have proven all the things that they may consider to finally accept bitcoin,but why they are resisting?this is the question must be answered because benefits and advantages is on their part if only acceptance is rewarded to our cryptocurrencies