Why are the world’s governments not using cryptocurrencies?

[gantez]

Government says it's due to security purposes and some are afraid in the fact that it's transparent that all transactions will be known and might be a hindrance in their plans of corruption.

This is to tell you that, the government breeds in secrecy. They don't want any mechanism that would make governance an open affair, especially governments that deprive their people rights of citizenship. They close up any avenue of association for the people.

[samcrypto]

The simple truth is that, they believe the jurisdiction of money should be what is under their control. Money is a huge manipulating factor and so, since cryptocurrency is not controllable, they might keep running away from it for a long time.

This is why fiat money will stay and cryptocurrency will still be an alternative. The government always want a control and always want to collect more taxes as much as possible. Cryptocurrency is good, it works well and a lot more faster compare to bank transactions but since the government don’t want a decentralized market it will be hard for us to climb high as easy as possible. In time, blockchain will become a big thing so let’s wait for that moment and hopefully the government will finally support it.

[demanze]

Currencies like USD/euro/yuan are inflationary and fake. If you look closely, governments/elites have been pouring outrageous amounts out of nowhere, on top of creating debt/collecting taxes. Private money in the hands of foreign/free individuals is USELESS to them. Therefore if they can't take all of it then they need to inflate it out of your pockets or pay you with fake duplicate value stored in national banks that would absolutely collapse in case of a bank run.

You could legimitately say that in our civilization, "real" money is not implemented and the whole system is rigged. The goal is to get you to work, not to reward you. As a human, that's all you ever want from other people: you want them to work for you and pay them as little as possible, in actual value. Try becoming a billionaire and you will see, how many obstacles will be on your path, and how much value they will steal from you, if you play honestly. And it's not just about evil governments, the human species is just helpless and dishonest as a whole. They will always exhibit tribal behavior and try to eat a piece of you somehow. You can't reliably store value using fiat currencies.

Crypto prevents manipulation. Limited supply, everyone plays equally and everyone has the same legitimacy. Value is either stable or increases over time. Free individuals can take over the world without asking for anyone's opinion.

If you look at the history of this civilization, this is the biggest, the most mathematical "Fuck you" ever sent to governments ever. And there's little they can do about it besides try to tax crypto, protect their fiat prison, or prove P = NP. That's why they're not using it.

[Maslate]

The simple truth is that, they believe the jurisdiction of money should be what is under their control. Money is a huge manipulating factor and so, since cryptocurrency is not controllable, they might keep running away from it for a long time.

This is why fiat money will stay and cryptocurrency will still be an alternative. The government always want a control and always want to collect more taxes as much as possible. Cryptocurrency is good, it works well and a lot more faster compare to bank transactions but since the government don’t want a decentralized market it will be hard for us to climb high as easy as possible. In time, blockchain will become a big thing so let’s wait for that moment and hopefully the government will finally support it.

Yes. Even if we think how useful crypto to all of us but once the government does not allow crypto to be legalized because its a decentralized currency and they can never control it, so they will never support it for mass adoption. Although we have learned that some governments are already supporting crypto, then it will surely take time to make all governments allow crypto to be a global currency.

[HarmonyA]

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?

The various government laws ranges from restricting any exercises involving cryptocurrencies. Some bar their citizens from taking part in any sort of exercises cryptocurrencies locally, yet enable citizens to do as such outside their outskirts. While some rely upon whether the token offered is viewed as a security or a unit in an aggregate investment, an evaluation put forth on a defense by-case basis.

These shows the various reasons, both known and obscure to either support government guidelines or their feelings of dread not to  affect financial institutions productivity and conversely keeping up their economy wellbeing.
Every country is autonomous and their laws should be respected. Though we still have countries who have discovered how to maximize the benefits of cryptocurrencies.

[crzy]

Government says it's due to security purposes and some are afraid in the fact that it's transparent that all transactions will be known and might be a hindrance in their plans of corruption.

This is to tell you that, the government breeds in secrecy. They don't want any mechanism that would make governance an open affair, especially governments that deprive their people rights of citizenship. They close up any avenue of association for the people.

Someone is working below the table and I'm sure every government have their own secret agency to study and analyze cryptocurrency, they don't want a big threat on their financial system. If the government allows its people to use cyrptocurrency, then fiat money will be weaken and maybe people wont use fiat money anymore so this is a big risk for every government.

[Murat]

It's a simple case that most of the governmental bodies are not up to date to the current technological advancement, they are really afraid of every new invention, they don't like a new thing which could change the system, Basically, they are not ignorant but they pretend to be ignorant, They only want to control over everything, that's why they are not using Cryptocurrency because they know cryptocurrency is not controllable, there is another reason for the conventional banking system, Most of the owners of the Banks are related to this government so they always push aside to the government. this is the real scenario of this system.

[Sanugarid]

Crypto is firstly a work in progress. It still has a lot of things to be tested to establish it as a proven technology.
Government on the other hand operates as being a middleman in trade of goods and services. It gets paid to maintain order in chaos.
Crypto if successfully implemented not only decreases the size of government but also threatens the business that flourishes under it's shadow.

It is fully develop and ready to help us in our society. But the problem is its volatility and unstableness. The bitcoin itself is fixed and the things that should be tested are the program that regulates it.

Government doesn't want to regulate bitcoin in their country because it is hassle to keep. I think although it is a currency, it's still digital and can be hacked or scammed by other people.
We can't blame the government of not using cryptocurrency because they just want to use efficient, real and less hassle in economy.

[Zeke_23]

Government says it's due to security purposes and some are afraid in the fact that it's transparent that all transactions will be known and might be a hindrance in their plans of corruption.

This is to tell you that, the government breeds in secrecy. They don't want any mechanism that would make governance an open affair, especially governments that deprive their people rights of citizenship. They close up any avenue of association for the people.

Someone is working below the table and I'm sure every government have their own secret agency to study and analyze cryptocurrency, they don't want a big threat on their financial system. If the government allows its people to use cyrptocurrency, then fiat money will be weaken and maybe people wont use fiat money anymore so this is a big risk for every government.

That is not the reason, there is no way that people will stop using fiat for good and I don't see any effect of crypto to fiat if it will be implemented to be use by any other people. Crypto can be use as an alternative option to make transactions. But there are things that the government need to considerate before they allow the wide usage of it. The reason is still unknown, since they are still in the middle of studying how they can take advantage of it.

[maxreish]

It's because governments want centralized system which cryptocurrencies do not have. They can not control and manipulate cryptocurrencies. Yes, there are tons of advantages of it that government can be use in the future. And some governments is reconsidering cryptocurrencies as their alternative currency but we can't deny the fact that not all people will gonna accept new technology like this.

However, there are also government officials who are open for cryptocurrencies. I am very optimistic that time will come that governments will allow cryptocurrencies to prove their potential uses

[shoreno]

It's because governments want centralized system which cryptocurrencies do not have.

but the question is are all govt's the same  ? on some country including ours , the govt's here are doing thier best to make the crypto noticeable  . they do not hate crypto but they wanted crypto to  be used more than the fiats but sadly not all govt's think like this but others are selfish and only think for them selve's  . they dont listen to the people but they only think that crypto will not be really beneficial if allowed on that country  . that suck to live on a country with a govt like that  .

[matchi2011]

The simple truth is that, they believe the jurisdiction of money should be what is under their control. Money is a huge manipulating factor and so, since cryptocurrency is not controllable, they might keep running away from it for a long time.

This is why fiat money will stay and cryptocurrency will still be an alternative. The government always want a control and always want to collect more taxes as much as possible. Cryptocurrency is good, it works well and a lot more faster compare to bank transactions but since the government don’t want a decentralized market it will be hard for us to climb high as easy as possible. In time, blockchain will become a big thing so let’s wait for that moment and hopefully the government will finally support it.

Blockchain is already been noticed by more government and business institutions. Sooner or later the adoptions will be more wider and because of that
cryptocurrencies will also find its way to gathered more support, it will serve as another form of digital money same with other payment process which already been around for some time. We just need to wait and keep using this industry to create more attentions.

[bitbro678]

They cannot control crypto, that's why.

[garyrowe]

Governments of the world are interested in having full control over its monetary policies. With Bitcoin being decentralized, adopting it will certainly take control out of their hands hence, the reason it will be difficult for these Government to adopt full usage of bitcoin or other cryptocurencies within its territory

[Romeotom]

This is a very simple answer Every country's government receives money that they can capture and control. Since cryptocurrency money is not in their hands so they cannot believe it and are unwilling to accept it truthfully.

[Gotumoot]

The simple truth is that, they believe the jurisdiction of money should be what is under their control. Money is a huge manipulating factor and so, since cryptocurrency is not controllable, they might keep running away from it for a long time.

And of course those aren't the simplest reasons why they don't accept bitcoin. There are also serious reasons such as the volitle price that could be offset by the value of money that government has used for it.

It is also not possible to implement this because many people are not aware of bitcoin and especially using computers and mobile phones.

And because the blockchain is transparent where all transactions are recorded it may also be because corrupt government officials can no longer secure their corrupted project.

[Artemis3]

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?

Because politicians and bankers would lose control. You like most people think the money used in the economy actually exists "somewhere" as a whole, but it doesn't. With fiat money, this is easy to disguise and you appear to live in that illusion. With Bitcoin this is not possible, every single satoshi is accounted for in the blockchain.

Did you know banks only keep 10% (or less) of your money at any given time? I bet you didn't. You should investigate fractional reserve banking.

Truth is, Bitcoin makes things clear and transparent, unlike the way things are right now. It is in fact a cause to make the economy collapse, because the current economy is based in non-existent money. It is a gigantic ponzi scheme, banks and governments make the MLM people look like saints.

With fiat money you can't tell how much money is out there, especially in electronic fashion. You see digits and zeroes in your bank account, i think that money exists somewhere in a vault. It doesn't.

This is a shocking reality most people ignore, as long as they can go on with their lives...

Since Bitcoin removes the veil, those that scam the most have the most to lose. When this reality becomes apparent on a worldwide scale, the economy will have to change probably with the last of the crashes.

If you learn truth today, you have the chance to flee into Bitcoin (or gold whatever). Like any MLM scheme, there is not enough for everyone to withdraw (which is what causes the collapse or "pop" of the bubble), most people would not be able to cash, unless it is done slow enough to give time to banks to shrink. Usually that is not how it happens, people enter in panic and the bankrun occurs.

Now think of a worldwide bankrun. Less than 10% of the money in banks exists at any given time...

The irony is that some people say Bitcoin is the bubble "because is backed in nothing"... But Bitcoin is valuable for other reasons, while fiat money isn't. A "promise" that your fiat "could" be exchanged by "something" at the bank. In reality it is impossible, since even when "backed" nominally, they practice fractional reserve as well and in most legislation you can't actually exchange the thing, ie. USD for gold when it was "backed" in it. It was all a mountain of lies, a bubble waiting to pop. When the USD was no longer "backed" by gold in 73, they lowered the pressure a little, it was the honest thing. People should get in their heads that fiat currency is only valid as long as their governments continue to "keep the promise". But don't you ever try to make them fulfill it...

You know that politicians are liars, they say one thing and do the opposite. Honest money like Bitcoin is too dangerous for them, as their secrets would come to light. And yes, some would like to FUD people into thinking Bitcoin is "criminal's" money, when the main criminals are them. Bitcoin has its rules exposed and accepted by the community that uses it, fiat isn't. The rules for fiat cam be changed by decree, ie. when a gov decides to print "some more" to make their budget fit in, and at that moment everyone becomes poor. Do it slowly enough like the USA and most people would even think that coin is great.

But they can't control Bitcoin. Its 21 million. If the community wanted 42, the whole would need to accept this change, not a few guys in power. Everyone would need to be willing to accept a "half value" from such devaluation, something that is never consulted to people under fiat currency rule. I imagine if something like this would ever occur, it would be with a hard fork probably with some rule that everyone owning 1 would now own 2 after it takes effect (so that in theory everyone would keep the same). This is too convoluted and unnecessary anyway and will probably never be done, but its an extreme example.

Of course the true base unit is the satoshi, which every bitcoin contains 100 million of... If you express things in satoshis rather than bitcoins, it has ample space left for low value expressions, far more than the useless cents of USD and EUR.

[davinchi]

You have read the advantages of cryptocurrency but you didn't read the disadvantages, did you? Nope. Cryptocurrencies are very good, yes we all know that but there are still disadvantages. But, that doesn't mean the government is not going to adopt cryptocurrency, they will, but not these particular ones we have now.

As a matter of fact they are already looking into cryptocurrency - PBOC already announced that they are releasing their cryptocurrency any time from now. And I also saw another news that South Africa is looking into cryptocurrency. A bank in the United States is doing the same and UK has been studying it for a long time now, since 2014. So it's just a matter of time and they will start rolling out. But they are not going to replace the current monetary system.

[xvids]

We don't even know if they don't really use it we couldn't be sure about it.
Who know's maybe they are the true whale's in the market they are the one's who are manipulating it.
Everything that we know is base on their statement but what if they are using the crypto's anonymity to hide and manipulate the market?

[shield132]

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?

At first please can you clarify how bitcoin can revolutionize the way we use money around the world? Imagine I am just foreign person and don't know what it is so enlighten me.
Personally I think the way cryptocurrencies surpass fiat currencies is that they can be limited and no one can fake that. Cryptos as a payment method is another huge thing where I see the light.
Do you really think governments will use cryptocurrencies if they aren't sure that they have huge control on it? Government won't let you to print money and spend your printed money, they print as much money as they want and it's legal for them while illegal for you. Also they find it legal to create debt that you have to pay but find illegal from you to not pay taxes and etc.
It's still good they don't touch crypto that much but also I want to mention that in Ohio you are able to pay taxes via cryptocurrencies that's a good thing.
Currently as I see governments are hugely interested in blockchain technologies because of it's benefits.