Does it even matter if governments and banks accept cryptocurrency?

[Kakmakr]

The private sector is profit driven and the government only provide services, so there are no reason why they should be motivated to do any better. You have a bunch of politicians that are voted in with the help of funding from the richest companies and individuals in the world and they dictate the mandate for the government employees to do their bidding.

If they want laws passed, they just buy the people in government to amend the laws in a way that would suit them. Dark money fund many things in governments. <Like Tender corruption>  

They will not use a transparent Blockchain for this, so just forget about this.

[xbossJ]

The current shape of the cryptocurrency market is not unconnected with government and the banks! They are the  ones wedging this war against cryptocurrencies! They understand how disruptive the technology is, they are threading cautiously in dealing with cryptocurrencies! If they stop the fight and accept cryptocurrencies, it could be a very significant victory for the technology and the market, this would see the level of trust for cryptocurrency skyrocket and its growth would be rapid.

[Janation]

Goverment can't understand what is cryptocurrency but some people. Lot of people explorer's know it already some remedies people already accepting crypto or bitcoins.

What are you saying? The government knows it more than we do, that is the reason other countries ban it, others regulate it since they want to protect their citizens to it.

They are aware of what might happen to their citizens, that is the reason they are regulating it. Doesn't mean that they banned Bitcoin, they do not know what cryptocurrency is. They have their own reasons why they banned Bitcoin and this might concern their traditions or their currency that is being used.

[Ezenwanyi]

Of course , it matters a lot if the bank and the government should accept cryptocurrency.
This singular act of accptance would launch cryptocurrency to becoming mainstream..
Which drives adoption rate.
It would be a welcomed development as a matter of fact.

[jrrsparkles]

It will be helpful for the mass adoption because peoplw will believe that cryptos can be legally used in their country so they can buy ad spend if it possible but banks never accepts crypto currecncies just because it was against their centralized money system if they get accept then it just like digging a hole for burying themselves.

[jakezyrus]

Whether they accept it or not, for me it does not really matter because what matter the most for me is that i could still use cryptos even with restrictions  .  though acceptance from the said platform can greatly boost the image of cryptos thru the public which is i think okay since it can also help increase the price thoroughly .

Anyway , as what ive seen . there were now many banks/govt's that accepts and legalize cryptos but we cant still avoid the market from being dump too much .

[Red-Apple]

it is hard to give an absolute answer like yes or no to this question because it is so much more complicated than that. there is a lot of pros and cons in both when government and banks accept cryptocurrency and in when they reject them.
we have to study all of them to see which one is better in different countries. for instance in a country with a technology friendly government accepting bitcoin will be beneficial compared to another third world country that they only want it to make profit.

[Braeden Hahn]

If the Governments start to legalize crypto currency then it will be a huge influence for all the existing and potential investors. Because of the Goverment provided security, the investors will invest without any fear.

[Markus Good]

Yes,it does. We only need the governments and banks approval because they run the whole economic scene. Their approval is somewhat valuable if we want to continue using bitcoin and other related services connected to cryptocurrencies without any restrictions and unfair limitations.

[zazarb]

There is buzz about the prospective of governments and banks accepting crypto or creating their own for its mass acceptance.

I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.

In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.

Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.

it is undoubtedly important, because people really trust banks as an institution. The bank is often associated with security and reliability, so if we want people's opinions to change equally about crytocurency it is essential for the support of the banks.

[larrylegend33]

I would answer that question "Doesn't matter if they accept or not". The cryptocurrency and the bitcoin is real and this society will growing every new day. I am sure that the bank and the goverments will have to deal with the crypto market. They know that they have to follow the new world order with crypto moneys.

[hahay]

There is buzz about the prospective of governments and banks accepting crypto or creating their own for its mass acceptance.

I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.

In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.

Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.

I think that is important, because so far the main thing that still blocks crypto becomes more global and can be accepted by many people because crypto is still illegitimate or not recognized as a legitimate payment and transaction system, at least if banks and governments can accept bitcoin then growth and people's trust in crypto will increase as well. Cryptocurrency or digital currency is different from the usual innovation we see, because there are still many people who do not understand well about this cryptocurrency and most of the ordinary people see bitcoin as something negative. So with the government and banks can embrace cryptocurrency, surely there will be people who will trust Crypto as well as investors.

[setialovers]

There is buzz about the prospective of governments and banks accepting crypto or creating their own for its mass acceptance.

I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.

In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.

Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.

Central banks always afraid and forbid crypto for payment because they realize bitcoin is more transparant that their system. Government still can use their regulation to forbid bitcoin used as payment. So, i think its important that government regulation about cryptocurrency because they have main important part to mass adoption

[jossiel]

Accept == adopt == use? if this is what you mean, of course it does.

People are following what does the government says and we have no choice for it but to follow everything which is in accordance of law. Same goes for the bank, people deposits money there because they are government backed business and is regulated so people would trust them.

That's a big deal if these banks will accept something that's made for people to avoid them.

[stiletos]

Yes It matters alot, people are not investing in bitcoin yet because government and banks make them believe bitcoin is a taboo. If government and banks accept bitcoin, the sky would only be starting point for biitcoin.

[xp.rie]

There is buzz about the prospective of governments and banks accepting crypto or creating their own for its mass acceptance.

I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.

In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.

Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.

until now I have never heard of a bank that accepts cryptocurrency, if there is any please give me the proof
and the fact that most banks will reject cryptocurrency exchange and this is almost the case for Asia.

[Siti Nurbaya]

If the bank and the government accept bitcoin then the fresh air for all crypto people has a positive impact and certainly many will move on bitcoin. But this has not happened yet, and there is certainly good hope for the future.

[enhu]

There is buzz about the prospective of governments and banks accepting crypto or creating their own for its mass acceptance.

I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.

In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.

Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.

until now I have never heard of a bank that accepts cryptocurrency, if there is any please give me the proof
and the fact that most banks will reject cryptocurrency exchange and this is almost the case for Asia.

Well that is exactly why it doesn't matter. When Bitcoin started, no finance firm had been talking about it even with all the exposure but now they are admitting they are into it. Crytpcurrencies will still be here even without banks, it should have been that way but they couldn't just help but to collect tax which is why the government is going to take part.

[Crafts12]

There is buzz about the prospective of governments and banks accepting crypto or creating their own for its mass acceptance.

I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.

In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.

Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.

Ofcourse it matters! Accpetance of governments and banks regarding the bitcoin will bring uproar to the people. If they will know that they have accpeted it then they will not be hesitant to try it and be willing to interact with cryptocurrency like bitcoin. It matters because if that will to happen, people will not doubt the capability of the cryptocurrency. They will be encourage to join in this community.

[Wingleness]

There is buzz about the prospective of governments and banks accepting crypto or creating their own for its mass acceptance.

I don't think this is even worth acknowledging, as all of the present and future innovations are going to come from the private sector. Governments are just responsible for damage control, do a God-awful job for the most part and have never achieved true democracy.

In the past, people relied on governments and banks not because they're "governments" or "banks," but because they provided security.

Once AI, blockchain, and improved means to use crypto provide even better security than governments and banks ever could, whatever they do will be irrelevant.

To a reason extent it does matter. If only government had embraced the whole concept of blockchain and cryptocurrencies, then the ETF situation been around for a while now wouldn't had occurred in the first instance and more investors would have joined the train.