Does it even matter if governments and banks accept cryptocurrency?

[bndunlap]

For the time being, I think the fact that governments and banks don't accept cryptocurrency is part of the reason there is somewhat limited exchange of cryptocurrency in 2018. It's limited and only available through certain channels because right now the banks and governments still set the standard for how most people will choose to handle their money. If that changes in the future, I still believe that it will matter because it will set a new standard, an opposite standard for the way cryptocurrency is viewed, which could be for the better or worse.

[1714605765]

1714605765

[willwin66]

Do that, that because that that that all that know the information of the banks that are accept it, they will try to take it with it and will be many volume in the password is not.

[badungs]

that's very important. Digital currencies such as bitcoin and altcoin really need support and cooperation from the government and local banks. so that bitcoin and altcoin can be accepted in all circles. and crypto currencies cannot be used to transact freely if the government does not legalize it. so it is very important the role of the government and local banks for the future and development of crypto.

[Lunalionn]

Fortunately, most governments and banks are now adopting and legalizing the use of passwords but the passwords are still volatile and will continue to decline. Therefore, the whole is still up to us. cryptographic market.

[Glocalside]

It is important to have global acceptance. Governments and banks are the institutions that society depends on. Trust is the foundation of any currency, do not you think?

[Silberman]

that's very important. Digital currencies such as bitcoin and altcoin really need support and cooperation from the government and local banks. so that bitcoin and altcoin can be accepted in all circles. and crypto currencies cannot be used to transact freely if the government does not legalize it. so it is very important the role of the government and local banks for the future and development of crypto.

No it is not important, besides even if you thought that it was important to get the support of governments and banks, the question is how are you going to get it? It is obvious that cryptocurrencies go against the interests of those institutions, how are you going to make them to go against their own interests? To me that seems like an impossible battle to win.

[electron-coin]

Our world is designed in such a way that humanity needs controlling structures. Otherwise, our world will end in chaos. So the real role of states is hard to overestimate.
As for the financial and monetary relations, the situation here is a bit different. The blockchain technology has shown the world its convenience and security (and not only in the financial sector). But banks are an established structure and they will not give up the control and influence   in favor of crypto currencies.  They will eventually be forced to adapt to reality and simply accept cryptocurrency.

[jdbtracker]

 It does, whether we like it or not, these institutions flawed as they may be are an architecture that has stood the test of time, providing goods and services to support and manage the population. To allow them to witness a better methodology can be a game changer, upon them upgrading their networks; We The People will stand to Gain from this Epoch Making change.
 but it is too early, the methods and techniques are yet to be perfected, it will take time before the whole network is working properly to work as a Showcase.

[cahbagus555]

I think it is very important and necessary for the development of bitcoin. Put in case if all the governments do not accept it, I think the investors will give up bitcoin and bitcoin will not be able to grow strongly. If bitcoin is accepted by the government and supported by banks, it will open up more opportunities for future bitcoin development.

Its true, if government and banks accept bitcoin and regulating it as currency, i am believe it will be big step for mass adoption. It will give big effect to market and people will more interesting to invest in cryptomarket

[BennyK]

The governments and banks are major concerns of crypto and the more reason for the price determination on the market now. Crypto is largely influenced by the large numbers of people either trooping in to invest or refraining from it. In the light of this, any factor which drives the people to any of this direction has the potential of affecting the market value and price hence needs to be dealt with respectively.
The governments have great influence on the people and once the government ban crypto in a certain country, more than 90% of the entire population of that country lose interest in investing or patronizing crypto. Hence, it really matters if the governments accept cryptocurrency as this can cause the market to skyrocket.

[denzkilim]

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.

Why so? Do you think it's easy to topple governments just because AI and blockchain is taking over? I don't think so. 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. They don't necessarily need to integrate bitcoin and cryptocurrencies in their infrastructure, but having them approve the existence, trade and exchange of bitcoins and other cryptocurrencies is a huge plus for the confidence of the masses who would want to try it out.

That's correct. some people think that governments don't have any value at all because of the emergence of Crypto Currencies and blockchain technology but these people are absolutely wrong why? because when these governments that they call useless or anything else like that are the ones that let them use Crypto Currencies and if these governments prohibit their citizens to use this kind of innovation and technology in our monetary and payment system there is nothing we can do about it but to follow and obey the rules they created. Imagine if all of the countries in this world prohibit the usage of Bitcoin and other forms of Crypto Currencies, there will be no trades and transactions that will happen and this industry will surely die. 

[McOwen95]

Governments and banks have the leverage to step into crypto and guarantee its acceptance so as to win the trust of the masses however, the acceptance does not mean that the era of digital currency suffers without any governments and banks acceptance in the sense of legalisation. The complexity of crypto its self is vast as it can be used to tackle almost every facet of the human life but it just a matter of time that governments and banks need to study and understand the nitty gritty of crypto before accepting it.

[lipoicChin]

I also think that blockchain will be difficult to work with banks because the government still rejects crypto, so this will be difficult to come to the fore.

yes. The government will never accept crypto, they always try to limit crypto all over the world. I don't think your prediction will come true.

[alyssa85]

It does, whether we like it or not, these institutions flawed as they may be are an architecture that has stood the test of time, providing goods and services to support and manage the population. To allow them to witness a better methodology can be a game changer, upon them upgrading their networks; We The People will stand to Gain from this Epoch Making change.
 but it is too early, the methods and techniques are yet to be perfected, it will take time before the whole network is working properly to work as a Showcase.

This. People basically trust banks (still!) more than they trust crypto. So we actually need banking to embrace crypto for it to take off.

[sametyui73]

  I believe it does matter if governments and banks would accept cryptocurrency, as they have the capacity to propagate the good news of blockchain technology and bitcoin to the rest of the world who are  still skeptic about the world of crypto.

[martina14]

Yes it matters a lot to the coinor cryptocurrency.
Acceptance from the banks and government will give the boost to the price of the token.
the demand will be high and will result to  a big pump in the market.

[Bennix]

To be honest,it matters if government and banks accept cryptocurrency.However ,many traders are using bitcoin to trade forex of which they convert bitcoin to dollars. This makes bitcoin to be more attractive because of its usage in forex trade.Had it be government banned the use of bitcoin in forex trade many forex traders wouldn't have seen the potential in bitcoin.Now,some forex trading companies are on the verge of integrating forex trading with cryptocurrency because they are not restricted to do it.They are building their own blockchain technology pointing out that brokers and traders will be using its technology for transactions,and they also promise to perform more than traditional liquidity providers by charging low fees transactions.
So,Cryptocurrency will gain a very high financial momentum if government and banks accept it.

[Silberman]

I believe it does matter if governments and banks would accept cryptocurrency, as they have the capacity to propagate the good news of blockchain technology and bitcoin to the rest of the world who are  still skeptic about the world of crypto.

They are the ones that are more skeptical of bitcoin and other cryptocurrencies and they are skeptical because they understand very well that they are going to lose most of their power if they let the market of cryptocurrencies to prosper but at the same time they are confused about what to do since it is impossible for them to stop the development of this market.

[antisocial77]

ofcourse it matters, people still can call bitcoin scam, which means people doesnt trust crypto even it has many advantages.this is all about perception.can you imagine that if banks accept crypto and how people change their mind about btc?

[ogini]

That means it it legalized and Government will taxes cryptocurrency investors on heavy taxes and also give stick regulations that will be in favor of them.But it will also reduce scam ICO.