Why should governments accept Crypto currencies?

[ichai]

I know that corruption is being worked on in our markets but we can not meet the needs of the government. Just like the talks kept the Crypto field leaders with the SEC, they were not able to change at the SEC's request and everything was shattered. You should know that this is a great technology but also has many shortcomings. We can not ask too much.

[jcojci]

Soon, when all government can see the benefits of cryptocurrency, they will approve crypto and start to use like what we did. Yes, this cannot happen in instantly, and we need to wait until the time comes. The blockchain technology is a new thing that will influence the economy financial in every country.

[wahyu5]

the crypto currency is a technological breakthrough that is quite good, and many people now want to have crypto currency, and have been used as a long-term investment that is considered to be beneficial for everyone. There is nothing wrong with the crypto currency, but indeed some people make the crypto currency a negative activity that we can say against the law, such as money laundering and so on. The crypto currency is here to help the government reduce unemployment or create jobs and help the government economy and provide welfare to everyone, for that the government should support the existence of crypto currency so that it can develop better and benefit all people.

[Sithawaka]

if the government wants to accept bitcoin it might help the holders, because we really need parties who are able to regulate the security of bitcoin

Of course if governments accept crypto it confirms the security of holders posses currencies without a doubt because at the moment there are so many investors who have invested in crypto even with this uncertain market situation and that has led to drop price in many currencies because some people abandon the market but if governments accept the price and the stability of crypto will be much higher 

[gheawari431]

Not all government are against cryptocurrency. At least in the west countries in Europe are developed countries that have allowed bitcoin to be used by vendors and merchants. Though most government are corrupt but it don't take all of them to use bitcoins to aid them in their corrupt dealings. 

The government is always looking for the best solution for its citizens, especially regarding the economy. One of the future solutions in trade between countries is the use of bitcoin. So the government must accept bitcoin because bitcoin has been accepted in many countries. One of the advantages of using bitcoin is to eliminate corruption, because the platform is decentralized and open so that it controls each other.

[wxa7115]

The government is always looking for the best solution for its citizens, especially regarding the economy. One of the future solutions in trade between countries is the use of bitcoin. So the government must accept bitcoin because bitcoin has been accepted in many countries. One of the advantages of using bitcoin is to eliminate corruption, because the platform is decentralized and open so that it controls each other.

This is something I disagree with, governments should do that and that should be their goal, but as soon as a politician is elected he only cares about trying to benefit himself out of his position of power, to try to become more powerful, to avoid being caught when he commits criminal acts and to try to make his political party even more powerful, maybe you noticed that citizens are not mentioned even once and that is because they only care about them when they need their vote, the rest of the time it is as if they do not exist.

If they cared about their citizens they should be looking for a way to integrate bitcoin to the economy but instead they are only trying to create obstacles and laws against it.

[Haxor321]

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. 

Government nust accept cryptos and think that they are not that threat thing to their eaenings. Although crypto is decentralized means no one is holding it or controlling it, they must believe that it is a good thing to their people. They must not consider it as a thing that will break or disturb their profits. Cryptos are useful today in many ways. And many people are into it because it is has positively impact to us.

[romero121]

Governments have begun to make each and everything digital for easy accessibility as well to increase the efficiency. The same is necessary for the financial system which can be fulfilled with the cryptocurrencies. Here governments fear of the volatility as well as the decentralized functioning. Hope the change happens when the countries adopting bitcoin grow massive in all form.

[nikola22]

The reason is that cryptocurrencies has so many things to offer the world and this is the case they are frowning at it. It has now been integrated into so many industries and its still moving on.

but governments don't want to lose control over the financial market and monetary policy and cryptocurrency can break their power.

[verita1]

I think that it will not be a quick adoption of the Cryptocurrencies by governments because they are designed under decentralized control. What will happen to the Banks that are created under centralized control? There will be many answers in Pro as against.
For example, a country model with a lack of liquidity and its consequences, poor citizens, institutions, and companies with problems to maintain their pillars.

The government adopts Bitcoin to receive capital and invest in the country with the pretense of improving its economy that would be a good way.
Corruption would disappear because crypto is transparent.
For this to happen, it takes time and it would mean a big step.

[3la9l_kolbaCa]

Governments have begun to make each and everything digital for easy accessibility as well to increase the efficiency. The same is necessary for the financial system which can be fulfilled with the cryptocurrencies. Here governments fear of the volatility as well as the decentralized functioning. Hope the change happens when the countries adopting bitcoin grow massive in all form.

if the government only applies it as a stock asset, or even one goal with the fiat token concept, it might be the best solution. But it seems they have not understood in detail because they are used to full policy control in the system, they cannot engage in blockchain transactions from the user to user and this makes the burden of official responsibility and so on.

This will help the government to eliminate slow transactions and delays with the current system. The improvements will have a great bodies to handle more developments in terms of spending and the freedom of financial system will become more advantage to a certain residents of a country.

[BennyK]

Crypto is for the people and that is what the people want once they become familiar with the concept and benefits of cryptocurrencies. Also, cryptocurrencies generate more job opportunities within a country which eventually boost the economy of that country.

[reverseflash]

The government should accept the cryptocurrency as a legitimate payment, because the benefits it brings to the consumer are far greater than the losses that the government incurs. Government should sacrifice for the benefit of the community

If governments worked only for the good of the country and society, it would be almost utopia. Alas, in the modern world, people tend to work in the government only to improve their own financial condition and, occasionally, to meet their ambitions.

[wxa7115]

I think that it will not be a quick adoption of the Cryptocurrencies by governments because they are designed under decentralized control. What will happen to the Banks that are created under centralized control? There will be many answers in Pro as against.
For example, a country model with a lack of liquidity and its consequences, poor citizens, institutions, and companies with problems to maintain their pillars.

The government adopts Bitcoin to receive capital and invest in the country with the pretense of improving its economy that would be a good way.
Corruption would disappear because crypto is transparent.
For this to happen, it takes time and it would mean a big step.

It is very naive to think corruption is going to disappear just because bitcoin is transparent, what it is going to stop the politicians to just use Monero as a way to hide their activities the same way many people are doing now? Corruption is always going to exist since humans are not morally or ethically perfect so there is always going to be people trying to find a way to benefit themselves by violating the rules or breaking the law, that is just human nature.

In fact it is likely that this will increase corruption because even if the politicians that are discovered engaging in acts of corruption will keep the money they stole since it is going to be very difficult to recover the coins they are storing in their wallets.

[enogheghase123]

yes bitcoin transactions are traceable as we all know, it is a decentralized system of transactions where a third party can know what was transacted at any given point in time, this is why the government will not want to embrace this currency in order to ease their corrupt practices.

[ljane]

Now many industries such as the business sectors and health are all integrated with the blockchain technology and it is working good for them. In no time they will all come into one accord and use only the blockchain. The governments should know that they have seen the feature that the blockchian can provide and they have bought into that idea it is going to take them far.

[kaisa]

There are many loopholes for money laundering, sending wallet hardware that contains the easiest digital assets to do and that is not through recording transactions. Whatever it depends on each individual, even fiat is most widely used for illegal transactions even though bitcoin also has the same opportunities. I think this is not a problem that must be debated, the state must immediately make regulations to reduce money laundering and regulate exchanges so as not to misuse criminals.

[reynald70]

the presence of Bitcoin for now has succeeded in making bitcoin users get huge benefits because very high price increases make bitcoin increasingly popular in this world, so for a government that prohibits the use of bitcoin currencies in its country I think someday it will receive bitcoin, Because bitcoin is a good innovation for this century so that all countries must be ready to accept this reality.

[darkphoenix2610]

The government should accept the cryptocurrency as a legitimate payment, because the benefits it brings to the consumer are far greater than the losses that the government incurs. Government should sacrifice for the benefit of the community

If governments worked only for the good of the country and society, it would be almost utopia. Alas, in the modern world, people tend to work in the government only to improve their own financial condition and, occasionally, to meet their ambitions.

Government should accept crypto currency for fater and safest transaction o money from services and payments for the development of the country, they must have the consideration for this matter because it can help the economical growth of every country.

[aliceHortrex]

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. 

Do you have any idea at what level of law elections are held? What people are involved there and how difficult it is to get involved in a multi-step process, even with a certain amount of money? Obviously, this information is as fake as the fake information that governments still do not use cryptocurrencies. You're too naive, in my opinion)