What if all the governments accept crypto?

[viananda2525]

For now it is still a debate whether indeed the state will support or not because each country has its own rules regarding the rules of cryptocurrency that they will apply in their respective countries. all different

Each country has different regulations about cryptocurrency.much of them still consider it as ponzi scheme.they did not look at this as technology developtment in digital payment.

[MainIbem]

Once crypto gets the approval of all governments, both new and some old investors will invest without much fear and this will increase the demand and usage of crypto in our daily lives. The value of the market will increase as well.

That is true. But it will take the shine off the core concept of cryptocurrency - decentralisation. Government operate with a centralized mindset which gives adequate control. Cryptocurrencies are designed to place the control in individual hands. So there lie the conflict. I think the government is finding ways of integration. Japan is leading the way for government to give approvals for cryptocurrencies full operation.

[Um Nik]

I think this is a difficult thing for all governments to accept crypto, because every country certainly has different rules, even if they can be accepted in all countries, of course this takes a long time because everything needs process

I think that it would not be a really hard thing for the Government to accept Crypto. They may have already planned on doing it.

[Jordens]

Most potential investors are hiding behind the walls because of the fear generated by the governments in regards to cryptocurrency. Once crypto gets the approval of all governments, both new and some old investors will invest without much fear and this will increase the demand and usage of crypto in our daily lives. The value of the market will increase as well.

And you don’t remember about the reverse side of the medal or you think everything will be as smooth as for investors and those who accepted it. Think about what we will lose and what we will get.

[bitcoin31]

We hope all government will accept cypto because for sure they have big impact to the value of the bitcoin of having supporters and that is government who supported cryptocurrency. But in reality not all government are agree to bitcoin some of them are against and they already banned bitcoin to their country.

[xenomorphe1]

I don't think it will happen now. Maybe in 10-20 years? Governments want to be able to control every transactions. With current cryptos, they don't control anything. They will only accept their own crypto if one day they decide to do it.

[dreico]

in most of these cases, the entire government is considering regulatory laws and it will take some time before they decide

[testadimerlo]

Imo it would become like the traditional market.

[yourcatsofat]

Most potential investors are hiding behind the walls because of the fear generated by the governments in regards to cryptocurrency. Once crypto gets the approval of all governments, both new and some old investors will invest without much fear and this will increase the demand and usage of crypto in our daily lives. The value of the market will increase as well.

It can be... never
A government can accept only own cryptocurrency which will be controlled by the government.

[zgrdyg]

I think this question is a utopia, even if all the governments accept crypto currency, they will accept their own cryptocurrencies not some cryptogeeks developed coins:)

[Golstrim]

It will never ever happen! In this case they will lose control and centralization.
It is something unlike to governments, but I suppose that a new economy is coming and situation will completely change

[Ibas samara]

The government has many considerations to be able to accept crypto. As far as I know, there is no goverment that prohibits investment in the crypto world. It's just that there are indeed some countries that prohibit crypto as a means of payment, for example in the Asian region. Crypto is prohibited as a payment instrument because it is feared that it will cause turmoil in the decline in the value of the official currency. Investing in crypto can indeed be very profitable but must be prepared for all the risks and even high risks. You must be prepared to lose some of your money!

[Tasiril]

This would be great time for crypto if it is accepted by government. I think with that lot of regulations will limit some features of crypto. Even though getting regulated as you said lot traditional investors will start to invest on crypto and market will raise also. accepting crypto will depend of financial vision of each country. As that some countries will accept and some won't.

[sateyaam]

if only that happens it will certainly be good news for all of us, because one of the factors that inhibits crypto growth is the rejection of the government,

[alexyong342]

sovereign coins doesnt go well with crypto
cause its the gov job to censor and regulate
its exactly what we dont want
like water and oil

[bryant.coleman]

If the governments accept crypto, then it will be good for the future of Bitcoin and the other crypto-coins. But then, I am not thinking that it is going to happen anytime during the next 10 or 15 years.

[nemesio]

Most potential investors are hiding behind the walls because of the fear generated by the governments in regards to cryptocurrency. Once crypto gets the approval of all governments, both new and some old investors will invest without much fear and this will increase the demand and usage of crypto in our daily lives. The value of the market will increase as well.

I think that in this situation we will start earning several times less than now. After all, then you will have to give part of the profit to the state as a tax, and this is not very correct and pleasant

[BitcArchi8]

Most potential investors are hiding behind the walls because of the fear generated by the governments in regards to cryptocurrency. Once crypto gets the approval of all governments, both new and some old investors will invest without much fear and this will increase the demand and usage of crypto in our daily lives. The value of the market will increase as well.

On the other hand, many investors do not want the cryptocurrency to become regulated by the government, since they do not want to pay taxes. And taxes, most likely, will not be small

[dreico]

yes nothing in principle, we will not solve anything there, we just have to pay taxes and be a conscientious citizen

[SaRmY]

If all governments accept cryptocurrency. That we will see all-time growth of the industry. Well, of course scammers will be 5 times more. However, the growth will be.