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Author Topic: Government Attitudes in Latin America  (Read 300 times)
audaciousbeing
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October 29, 2019, 02:49:50 PM
 #21

Latin America seems like ground zero for adoption but some governments are starting to take a hostile attitude towards private issuance of money. This article touches on some of it https://medium.com/altcoin-magazine/dows-panel-explores-different-perspectives-on-blockchain-and-cryptocurrencies-5475ce187312

One of the first approach to ignorance is to go on the attack mode which is exactly what is happening here. This is not even applicable to Latin America countries alone. I have read about a country central bank issuing a statement absolving liabilities of those who chose to invest in crypto related activities after they have tried the ''illegal card'' which eventually didn't play out as much as they wanted.

in the future there may be only a few countries that will approve cryptocurrency and bitcoin in their countries to facilitate traders and also people who trade outside the city, but there are also other countries that are still hesitant to consider bitcoin in their countries such as Latin America their government has not been able to declare to formalize bitcoin in their country because they might be afraid that cryptocurrency and bitcoin will become obstacles to the economy.

The future is too complex to predict just like you have said here because you won't know. In the past, the cannabis market is one that people would not even touch but today its legal in countries and even on the increase expected to spread. The point is majority of countries that are forming hard on crypto are only doing so because the advance countries have not made a position known. The moment they do, you will see them seeing reasons why crypto would be the best thing to happen.
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October 29, 2019, 06:11:49 PM
 #22

Latin America seems like ground zero for adoption but some governments are starting to take a hostile attitude towards private issuance of money. This article touches on some of it https://medium.com/altcoin-magazine/dows-panel-explores-different-perspectives-on-blockchain-and-cryptocurrencies-5475ce187312
There would be no wonder why a government would react in a hostile way towards private issuance of money for this is a big threat to them. The government is so used to controlling and manipulating everybody's money, the economy even rely upon it specifically from the taxations that all the money is having for every transaction it was going through, so privatization is a big move against their usual work and might affect them big time. So blockchain and digital currency would seem like getting into the government's way because of the decentralization.
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October 29, 2019, 10:43:57 PM
 #23

As they say you cannot please everybody. Government may seem to be worried about it especially about how it was use for most specifically the illegal activities. Hopefully that's the very reason. In cases of some other reasons that may hamper the usual procedures and practices in crypto world is somehow can be worried.

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