Why are the world’s governments not using cryptocurrencies?

[ene1980]

The thread have some funny answers  .

For short, the government isn't really capable of handling modern technology and will just ruin their personal desires in the nation. I already expected that the technology will just be fair enough to the people and will bring disadvantages to the government personnel.

It is not about a government cannot handle modern technology, if you are talking about third world countries then you might be right, but there are countries that are wealthy enough to handle any technology and i doubt why everyone is expecting any country to accept a decentralized currency and it is not happening as the government likes to have full control about their economy and none of the government will use a decentralized currency but the choice on individual usage must be given to everyone and that is what i am expecting from the government to come up with rules and regulation.

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[DreamStage]

The government does not use cryptographic currency, perhaps because it is unstable in price, it is instability that frightens many in cryptocurrency.

That is not true at all... They do not use it simply because there is too much regulations to be taken caren of.

Most of the countries that are trying to legalize it are stumbling upon the fact of the hackers, money laundering and so on...

To regulate such actions it takes time and money to accomodate several network / transaction rules across every institutional such as banks.

[finaleshot2016]

The thread have some funny answers  .

For short, thesome government isn't really capable of handling modern technology and will just ruin their personal desires in the nation. I already expected that the technology will just be fair enough to the people and will bring disadvantages to the government personnel.

It is not about a government cannot handle modern technology, if you are talking about third world countries then you might be right, but there are countries that are wealthy enough to handle any technology and i doubt why everyone is expecting any country to accept a decentralized currency and it is not happening as the government likes to have full control about their economy and none of the government will use a decentralized currency but the choice on individual usage must be given to everyone and that is what i am expecting from the government to come up with rules and regulation.

Yes, I'm talking about our country. If you find my answer very funny then it means you don't understand how we feel when our own government rejects the massive adaptation of technology. Even the blockchain, it's a good technology and has a lot of use it other than crypto, why does the government keep avoiding it?

I know that some countries don't need cryptocurrency 'cause their already on top of it especially china who banned the usage of crypto in their country and they wanted full control of their good economy.

[Rodeo02]

The thread have some funny answers  .

For short, thesome government isn't really capable of handling modern technology and will just ruin their personal desires in the nation. I already expected that the technology will just be fair enough to the people and will bring disadvantages to the government personnel.

It is not about a government cannot handle modern technology, if you are talking about third world countries then you might be right, but there are countries that are wealthy enough to handle any technology and i doubt why everyone is expecting any country to accept a decentralized currency and it is not happening as the government likes to have full control about their economy and none of the government will use a decentralized currency but the choice on individual usage must be given to everyone and that is what i am expecting from the government to come up with rules and regulation.

Yes, I'm talking about our country. If you find my answer very funny then it means you don't understand how we feel when our own government rejects the massive adaptation of technology. Even the blockchain, it's a good technology and has a lot of use it other than crypto, why does the government keep avoiding it?

I know that some countries don't need cryptocurrency 'cause their already on top of it especially china who banned the usage of crypto in their country and they wanted full control of their good economy.

Same reasons with your country, they want it full control for the money and usign crypto it will gonna be hard for them to track and know whos the owner of the address and balance. If they can regulate it and add some taxes to those people who earn from crypto , this things will work and government will accept it. The only problem i see is the government do not earn from this thats why they keep avoiding to make it as regular currency.

[fauzan Ichsan]

The government does not use cryptographic currency, perhaps because it is unstable in price, it is instability that frightens many in cryptocurrency.

That is not true at all... They do not use it simply because there is too much regulations to be taken caren of.

Most of the countries that are trying to legalize it are stumbling upon the fact of the hackers, money laundering and so on...

To regulate such actions it takes time and money to accomodate several network / transaction rules across every institutional such as banks.

on the other hand there are still many countries that are not suitable to use it, there are many calculations in it, not only is the system decentralized, but network facilities in developing countries are certainly different from developed countries, moreover crypto transactions must require the internet, besides that human resources are also a consideration

[iamsheikhadil]

World governments are nothing but the respective political leaders of the country. And those leaders are either not educated enough or they just don't want to take the risks Bitcoin might possess towards their economy. Like if something bad happens, they will lose their political influences and will be hated by mass. They are unaware of the technology and also might be worried by the high volatility of crypto.

[Ozero]

It is simply unprofitable for governments to use a decentralized cryptocurrency, they do not need it. For the state economy to develop normally, governments need to use their national currency. The great price volatility of cryptocurrency is just one of many reasons for this. Governments create and will create their national stable coins, which are the digitized currencies of the states and combine the advantages of an ordinary currency and cryptocurrency.

[jostorres]

Why are the governments not adopting cryptocurrencies? Is it a world-wide conspiracy by the elite in order to keep in power? Or is it that the people in charge are rather ignorant of the advantages of cryptocurrencies in order to keep the current system of power?

They don't hate cryptocurrency, they like the idea, but if you think they are going to accept these decentralized cryptocurrencies we have today then you're getting it wrong. The government hate Bitcoin and other cryptocurrencies because they are decentralized and volatile as well. These two things are what's making them not to like Bitcoin and a lot of people have tagged Bitcoin a scam because of its volatile nature and there are lots of them that are even wishing for it to die off and most of them are those that feel that they missed out so they just want everything to die off lol.

Right now, the government are starting to create their own cryptocurrencies and these ones are going to be stable and a bit different from the ones you have now.

[Bim abk]

government in a country has differences and also each country has differences in politics. and of course there will be a lot of rejection because of the difficulty of control for crypto and also the level of potential prices that have the risk of making it difficult for them to carry out economic control

[Bitcoinislife09]

I’ve recently learned the many advantages of cryptocurrencies and how they can revolutionize the way we use money around the world, so why are the world’s governments not adopting them to be used as a form of currency?

There are many advantages of cryptocurrencies that surpass fiat currencies that we used on a day to day basis such as better security due to blockchain technology, cryptocurrencies not really being affected by global financial events as it is a decentralized currency
   
Why are the governments not adopting cryptocurrencies? Is it a world-wide conspiracy by the elite in order to keep in power? Or is it that the people in charge are rather ignorant of the advantages of cryptocurrencies in order to keep the current system of power?

I think one of the reasons why  the governments didn't use cryptocurrency even though it has many advantages is because they know or they have the idea and focuses on the risk that it may deal to their country. They receive many news that in online sites many people are getting scammed and cannot retrieve their lost money.

[kotik085]

It is not beneficial for the government that cryptocurrency be in the ranks of banks. The bank cannot understand the volatility of bitcoins. We must take into account the fact that the "White Book" of bitcoin is not adapted for the banking system. 

[BeManga]

World governments are nothing but the respective political leaders of the country. And those leaders are either not educated enough or they just don't want to take the risks Bitcoin might possess towards their economy. Like if something bad happens, they will lose their political influences and will be hated by mass. They are unaware of the technology and also might be worried by the high volatility of crypto.

i agree this might be one of the reasons why those country is not taking the initiative
some of the countries already know bitcoin and the technology behind it some of them already know the potential of it
but i think they are just afraid to take the risk or some of them is just waiting for other counties to adopt it first
in my opinion if one country fully adopts crypto many more countries will follow im just waiting for it to happen.

[julius caesar]

We all know that cryptocurrency is decentralized meaning it is not controlled by any of the governments out there. Since they want their transaction to become secured they are using fiat because that is the only money that can be controlled by the government. They don't want to use bitcoin because their want their transaction to be anonymous because it is confidential.

[thirdlight]

It is not beneficial for the government that cryptocurrency be in the ranks of banks. The bank cannot understand the volatility of bitcoins. We must take into account the fact that the "White Book" of bitcoin is not adapted for the banking system. 

Plus, crypto is not yet stable in terms of price and it is not profitable for the government either, as crypto is not yet regulated by the government.

[the rise]

.... and of course there will be a lot of rejection because of the difficulty of control for crypto and also the level of potential prices that have the risk of making it difficult for them to carry out economic control

crypto control can be through mass crypto currency migration support using a centralized blockchain for equity settlement. This is indeed not possible and currently can only be applied to Paxos for the initial stage, but also does not exclude the possibility of further development in secondary options. If it is indeed possible for the government to use it, then every crypto must be a little out of their old system.