Does it even matter if governments and banks accept cryptocurrency?

[Yusuf77]

Of course it matters.
Let's think!
Let us assume that banks accept bitcoins or other subcoins. This will give great confidence to the markets. This is very important.
It also provides great convenience for users.

yes indeed this is very beneficial for users but not for people who do not use it. It is not as easy as that banks and governments accept cryptocurrency, because they have to be able to manage it and all of that takes a long time so that things do not happen that are detrimental to society or the country.

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[Phildo]

In my opinion it doesn't matter. Bitcoin was created without bank or government interference. Even without a bank or government, cryptocurrencies keep running without problems. Maybe the government doesn't really understand about bitcoin and there is no insurance in transactions. Not considering the certain regulations from the government. No, it won’t happen.

[teejayrichard2]

yes it matters if government and banks accept cryptocurreny. First of all, if government should legalize the use of bitcoin, people will then begin to invest in it and use it since it is backed up by their government and then banks can become fully involve in it which will have a positive impact of bitcoin and cryptocurrencies

[joseyphil82]

If government accept cryptocurrency then people will trust it to the core and banks too will have no choice but to follow but what I'm worried about is the consequences of getting government involvements ,might be bad move or good move ,no one knows for sure

[Tahsin Kabir Kollol]

Obviously, if governments and banks accept cryptocurrency it will make great effects to the cryptocurrency. If government accept cryptocurrency then general people have become more interested in bitcoin. Those people who want to invest in bitcoin but not trust cryptocurrency completely, they will invest in altcoins. So it makes a great effect on altcoins.

[budiarmed]

That will increase people's confidence in crypto, with the cryptocurrency being accepted by the government, the crypto price will be more stable, but with that there will definitely be taxes from the use of cryptocurrency.

[mersal]

That will increase people's confidence in crypto, with the cryptocurrency being accepted by the government, the crypto price will be more stable, but with that there will definitely be taxes from the use of cryptocurrency.

we all know the government and the banks are not supported for the development and acceptance of cryptocurrency at any time but if it happens when the government will approve the usage of cryptocurrency the world become more economically powerful that's why we are speaking and talking this topic otherwise there is no profit with the acceptance of Bitcoin by the government we will not considered this topic as so much important.