Why should governments accept Crypto currencies?

[amorfuse]

The government is not economically profitable independent free currency that can not be controlled. But as for crypto currency, sooner or later it will appear in every state as part of the national currency.

[sidodadii]

but, its not obligation. government can reject bitcoin if what they thing it is dangerous for them. so they can find the other way except crypto. but, there many advantages of some government accept crypto, they can use it for transfer between countries, fast and low cost, profitable, and many thing

[bajingluncat]

I agree that if you say most of the state officials are corruptors because with the electoral system they need huge costs for the campaign, those who are not enough capital will ask for support here and there, money laundering occurs, and after doing things the first thing they think about is how they returned campaign capital that led to corruption, many people think with bitcoin because it is anonymous which has the potential for money laundering but I think you are right that bitcoin can still be traced, that's why corrupt governments still don't want to accept bitcoin because they think it will be which is in vain, maybe they will even have more rivals in carrying out their corrupt actions

[riskarcher]

Yes, corruptors must be destroyed with crypto currency, each transaction will be more transparent and of course they will have difficulty with expenses that can be seen by the people

[kotajikikox]

Well" not all as you said in your thoughts some government accept cryptocurrency because they know what is the importance of this new form of digital money how can help to the country economy and their people's.

Some government aren scared to acceptbitcoin as legal currency in their country because they worried about the threat of banking system bitcoin destroy it but it is not, bitcoin created by the founder to help worldwide to grow the economic stability.

[JuneTaro]

The benefits that bitcoin brings to a country are much greater than the damage it pours to government so the government should accept it.

[jakagintiri]

Actually the government of a country must accept everything that is present, such as Cryptocurrency which comes with a shock to the world at a very expensive price, of course if the government opens the door for the emergence of new innovations in finance it will be positive for the government. At a minimum the government legalizes this digital currency in a country that rejects Bitcoin.

[LeetPoolsOP]

It will be very good and productive to introduce blockchain technology into the work of the state apparatus. However, not all officials will approve of this idea. Because in that case they won't be able to be engaged in corruption. Unfortunately, not all officials are decent and perform their work in accordance with legislative norms

[panganib999]

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 guess the government should start accepting cryptocurrency especially bitcoin since it is standing 9 years in the internet and reliable means of payment. What stopping the government to accept cryptocurrency is the currency financing system we had that they built over years and fiat currency can't be just disappear in a click. It is not because of corruption, it is because we can't withstand our life without fiat.

[abhi777]

I think the reason governments are opposing crypto is a combination of the misinformation, the unknown and the challenges they will be faced with for putting in place regulatory rules. There are many interplays at hand, perhaps being manipulative in these ways for personal gains but does it not all seem inevitable?

maybe the government only focuses on paper money. and also many hoaxes that misinterpret bitcoin. so the government opposed crypto and bitcoin because of the hoax hoax. and also maybe the government doesn't want to bother managing two currencies. but it could also one day crypto money be or enter into one country.

[Peashooter]

The government is still checking the use of bitcoin, it is difficult to track bitcoin users because it is anonymous.
So the government must have a special team for this case, but this is not easy.

Many people believe that after checking the use of bitcoin it will instantly legalized but I think there are many processes will do. It is a good to the government to have special team to this kind of field so that easily finish the checking. Do you think after the checking of its use the government will allow the people to use it as currency?

[Louis Jackson]

Because the nature of bitcoin is anonymously, the government can not control it, so the government should accept that, because there is no solution to this problem.

[resty]

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 believe it was anonymous maybe they are just concerned about its negative effects to people. Like what you said not all politicians are corrupt there are stil ones who can stand their dignity without fear. Also, these crypto currencies are quite hard to manage compared to paper money since it was volatile. Maybe they are still on the process of studying these new trend.

[carlisle1]

Same question about Why governments banned bitcoin,isn’t it the right one for the bitcoiners to learn or the cryptonians?
Because that question is answerable in many sides and the important one is that the benefits this can give to every governments and the whole country in terms of profiteering and in payments .these are the importance of cryptocurrency

[Sam San]

Same question about Why governments banned bitcoin,isn’t it the right one for the bitcoiners to learn or the cryptonians?
Because that question is answerable in many sides and the important one is that the benefits this can give to every governments and the whole country in terms of profiteering and in payments .these are the importance of cryptocurrency

the government cares about its own benefit of maintaining power. as soon as he finds a way to preserve the power and bitcoin to implement it immediately and apply it in all spheres of life of the people.

[burky156]

The government is still checking the use of bitcoin, it is difficult to track bitcoin users because it is anonymous.
So the government must have a special team for this case, but this is not easy.

Yes, i am totally agree with you in this matter. The goverments want to use the bitcoin and the cryptocurreny because they know that they will be good and profitable for them. But there are some little nuances between market and goverments. If something is anonymous the goverments can't like that, they always want to track everything. So thats why they afraid. But they can't hold on like this, they will accept it soon or later.

[raidarksword]

Governments are having a hard time accepting crypto currencies because of the fiat currency that are commonly used by citizens and it takes a great effort for such government to great adapt crypto as part of their economy. Though there are governments already accepted it and it has created great wave effects to other governments to widely accept it as well.

[LieTOme]

The government is still checking the use of bitcoin, it is difficult to track bitcoin users because it is anonymous.
So the government must have a special team for this case, but this is not easy.

may not have to accept the most important legality of the country's economic system and crypto currencies should work together to get the best results going forward

[giantrobot]

When transactions are made in Crypto, the likelihood of corruption will be very low because transactions will be made quickly and without intermediaries. The nature of corruption is the stealing of money through intermediaries, which in turn causes the receipt of money to be leached much more than the amount of money sent.

[Sam San]

The government is not economically profitable independent free currency that can not be controlled. But as for crypto currency, sooner or later it will appear in every state as part of the national currency.

as soon as the first governments collecting taxes in bitcoin appear, everything will move very sharply and quickly.