Government+cryptocurrencies

[ene1980]

So, if you think that cryptocurrency can save your country, imagine that the whole countries in the world and everyone is making use of cryptocurrency, do you think that it will make every single person in the world rich and also make the economy of every country to be stronger?

The fact is moving your asset to cryptocurrency will not save any country, it is the opposite of that if all the assets are stuck in a global platform it is not going to do any good for the country but it may help the individual investor if the market goes higher, so the idea of cryptocurrency saving a nation is just farce. A right investment can make some rich but you cannot expect everyone to be a billionaire.

[Kasabus]

So, if you think that cryptocurrency can save your country, imagine that the whole countries in the world and everyone is making use of cryptocurrency, do you think that it will make every single person in the world rich and also make the economy of every country to be stronger?

The fact is moving your asset to cryptocurrency will not save any country, it is the opposite of that if all the assets are stuck in a global platform it is not going to do any good for the country but it may help the individual investor if the market goes higher, so the idea of cryptocurrency saving a nation is just farce. A right investment can make some rich but you cannot expect everyone to be a billionaire.

Cryptocurrency may not save one's country but it can save someone's lives by improving its own economy. Although it's impossible for a government to adopt cryptocurrency and replace its own monetary system, but if there's no other choice that can save the citizens, then maybe government, banks and cryptocurrency will unite as one.

[MCobian]

Regarding cryptocurrency that can save a country's economy, in my opinion, it might come true. Imagine the country
legalize crypto for investment or even as payment tools. Surely many residents can improve their economy when prices
cryptocurrency goes up. In contrast to countries where the government banned crypto and only allowed its residents
investing and making transactions in fiat currency only. There is an economy whose population is decreasing due to inflation.

[reliable]

Regarding cryptocurrency that can save a country's economy, in my opinion, it might come true. Imagine the country
legalize crypto for investment or even as payment tools. Surely many residents can improve their economy when prices
cryptocurrency goes up. In contrast to countries where the government banned crypto and only allowed its residents
investing and making transactions in fiat currency only. There is an economy whose population is decreasing due to inflation.

Government should legalize and try to make every effort so that they can ensure that people are benefited with it. It has many advantages as well and many people form it can start their different business or use as a payment option for their business. Transaction are so fast and cheap which can save lot of time and money as well as compared to regular way in which money is transferred form bank from one country to another. Pole can just invest like share market and can make profits as well from it.

[FlightyPouch]

If government will accept cryptocurrency and give freedom to the people to use it ,i think  many people will buy and invest in bitcoi. Also it be a temporarry solution in our current siruation now.

What current situation? The pandemic? Don't forget that there are a lot of methods or ways to transact your payments like mobile apps and digital wallets not just crypto currencies. Another thing is that the government won't just accept bitcoin or other cryptos unless they are centralized and controlled by them.

[sunsilk]

Regarding cryptocurrency that can save a country's economy, in my opinion, it might come true. Imagine the country
legalize crypto for investment or even as payment tools. Surely many residents can improve their economy when prices
cryptocurrency goes up. In contrast to countries where the government banned crypto and only allowed its residents
investing and making transactions in fiat currency only. There is an economy whose population is decreasing due to inflation.

Saving its residents but not entirely the economy. If you watch bitcoin documentaries about bitcoin on YouTube and with the interviewees from Venezuela, it helps them ever before this pandemic.

Their country is in hyper inflation and residents who have knowledge about mining bitcoin and investing in bitcoin, do it. And as they do, that helped them to survive despite the hyper inflation that their economy is experiencing.

[Ridwan Fauzi]

Depend who will be the government in your country, I think if some one know with bitcoin will be interested for adopting bitcoin as legal currency payment transaction. But if your country have government low knowledge with technology and digital currency will be not interested with bitcoin and altcoin as digital currency payment.

They will not use it since bitcoin and most crypto currency have a decentralized system. The governement will prefer to adopt some coin which has centralized system like XRP and etc because they know the risk that will be faced.

As for payment system, I think it is up to them to legalized or not since we just fine to use money fiat. Moreover if you aren't often to make payment system which deal in different country you still fine to use money fiat.

This is why many governement still reluctant to legilized crypto currency for payment system, it will be useless. So, I am very grateful my government adopt crypto currency as an investing only despite they try to banned it.

[dmzar]

Many governments do not yet support the idea of cryptocurrencies, my country does not escape this reality but despite everything i am already using cryptocurrencies, i discovered a very good  that has helped me a lot. the platform is MintMe, this platform has allowed me to make donations, start my entrepreneurship and monetize it through tokens. It is really fantastic this platform, offers many tools.

[whyrqa]

Depend who will be the government in your country, I think if some one know with bitcoin will be interested for adopting bitcoin as legal currency payment transaction. But if your country have government low knowledge with technology and digital currency will be not interested with bitcoin and altcoin as digital currency payment.

They will not use it since bitcoin and most crypto currency have a decentralized system. The governement will prefer to adopt some coin which has centralized system like XRP and etc because they know the risk that will be faced.

As for payment system, I think it is up to them to legalized or not since we just fine to use money fiat. Moreover if you aren't often to make payment system which deal in different country you still fine to use money fiat.

This is why many governement still reluctant to legilized crypto currency for payment system, it will be useless. So, I am very grateful my government adopt crypto currency as an investing only despite they try to banned it.

In recent years, there have been very large rates of increase in inflation in each country. due to the next economic crisis, the government again begins to actively print money supply, which of course has a very bad effect on the welfare of citizens. Nevertheless, it is this situation that is one of those factors that positively affect the attraction of investment funds for cryptocurrency, as well as the introduction of cryptocurrencies into a person's daily life. I believe that no government will be able to resist the worldwide trend of cryptocurrency adoption.

[Shreek]

for me the government will only interfere in the field of crypto currency, because the government tends to control and regulate the economy with the aim of not harming the government's finances itself,

We know that crypto has a decentralist nature, it cannot be controlled by a person or group of people, while the government tends to be the opposite.

[South Park]

snip

I do think the solution to collapsing economic situation in every country might be cryptocurrencies. But that would also need full support of the government and the banks , this is not the situation when they can continue to fight over who is better , I do think they should move forward and coexist.  

snip

To make our economy stronger we need Government to give full support to cryptocurrencies

Please share your thoughts~

Governments are never going to give up their power willingly that is a lesson that we have learned from history, citizens for the most part need to take this power back with force, but thanks to bitcoin this is not necessary, we need people to begin to use bitcoin regardless of the regulations or the bans from the governments and this is only going to happen when a crisis big enough hit us, then and only then when the government is fully defeated and they cannot forbid their population to use bitcoin they will accept cryptocurrencies without any condition, but that does not mean that the war will be won, because as soon as things go back to some sense of normality governments will try to go against cryptocurrencies again.

[Bezobraznike]

for me the government will only interfere in the field of crypto currency, because the government tends to control and regulate the economy with the aim of not harming the government's finances itself,

We know that crypto has a decentralist nature, it cannot be controlled by a person or group of people, while the government tends to be the opposite.

   It's how you said it Shreek! These two are contradictory, and people will have to choose what will they use, if there's a choice,
governments can find a way to force people to use their crypto-currency!
   We will have to choose will we obey to their rules, or we will follow a decentralized way of thinking. I am for decentralization,
but that means that we will have to make some big changes in this world.

[FlightyPouch]

for me the government will only interfere in the field of crypto currency, because the government tends to control and regulate the economy with the aim of not harming the government's finances itself,

We know that crypto has a decentralist nature, it cannot be controlled by a person or group of people, while the government tends to be the opposite.

   It's how you said it Shreek! These two are contradictory, and people will have to choose what will they use, if there's a choice,
governments can find a way to force people to use their crypto-currency!
   We will have to choose will we obey to their rules, or we will follow a decentralized way of thinking. I am for decentralization,
but that means that we will have to make some big changes in this world.

And if that is the case the governemnt will be choosing to ban crypto currencies on the country. They can't afford people using decentralized crypto currencies unless they are already taxing it(don't know how will they do that though). It would be an alternative to fiat/crypto that the government would issue but I think this is still far from us.

[Ayiranorea]

for me the government will only interfere in the field of crypto currency, because the government tends to control and regulate the economy with the aim of not harming the government's finances itself,

We know that crypto has a decentralist nature, it cannot be controlled by a person or group of people, while the government tends to be the opposite.

   It's how you said it Shreek! These two are contradictory, and people will have to choose what will they use, if there's a choice,
governments can find a way to force people to use their crypto-currency!
   We will have to choose will we obey to their rules, or we will follow a decentralized way of thinking. I am for decentralization,
but that means that we will have to make some big changes in this world.

And if that is the case the governemnt will be choosing to ban crypto currencies on the country. They can't afford people using decentralized crypto currencies unless they are already taxing it(don't know how will they do that though). It would be an alternative to fiat/crypto that the government would issue but I think this is still far from us.

Countries with limited population as well as having good technology development have already begun to circulate their own cryptocurrency. I read about Switzerland and Korea having their own cryptocurrency. This isn't much into usage now, can expect increased usage in the near future. Another important thing is the taxation, it'll hard to tax every transaction which is also a reason for the delay of cryptocurrencies usage within the countries.

[FlightyPouch]

Countries with limited population as well as having good technology development have already begun to circulate their own cryptocurrency. I read about Switzerland and Korea having their own cryptocurrency. This isn't much into usage now, can expect increased usage in the near future. Another important thing is the taxation, it'll hard to tax every transaction which is also a reason for the delay of cryptocurrencies usage within the countries.

If they circulated their own crypto currency, I don't think that is a problem to them to levy a tax on it. You said it yourself, "their own crypto currency", meaning it is not a decentralized crypto, it is centralized. I don't know whether they are really using it right now or still in progress or in testing but if they did, I don't think there will be a problem.

[giammangiato]

I don't know if government+cryptocurrencies are good together, certely if they want obstacle the growing of the crypto they can. It's better have the government from our side but it goes again the decentralization !

[Fantastic33]

On my own opinion, i think the other government will not support cryptocurrencies because every country have their own currency and there's no law or policy about the use of these cryptos.

[Salauddin1994]

I think the governments of many countries will not support cryptocurrency because crypto is not under anyone's control and the government has not received any tax from now on they will not give legitimacy. Cryptocurrency is a digital currency which is not made by any government or central bank. It has to be created using the algorithms of cryptography through complex computer programming. And it can only be sold online this digital currency is created in accordance with the technology of cryptography.

[South Park]

Countries with limited population as well as having good technology development have already begun to circulate their own cryptocurrency. I read about Switzerland and Korea having their own cryptocurrency. This isn't much into usage now, can expect increased usage in the near future. Another important thing is the taxation, it'll hard to tax every transaction which is also a reason for the delay of cryptocurrencies usage within the countries.

If they circulated their own crypto currency, I don't think that is a problem to them to levy a tax on it. You said it yourself, "their own crypto currency", meaning it is not a decentralized crypto, it is centralized. I don't know whether they are really using it right now or still in progress or in testing but if they did, I don't think there will be a problem.

Many countries are looking into the idea of creating their own cryptocurrency but what they are doing is contradictory in nature, after all this market began with bitcoin and its main aim is decentralization which means that those coins that are created with the intention of competing against bitcoin will really have no chance against it because those coins are still going to have all the defects that you would find in the fiat system, which means that the governments knowing that they cannot stop bitcoin have decided to try to deceive people again just like what they did with gold.

[Indymoney]

On my own opinion, i think the other government will not support cryptocurrencies because every country have their own currency and there's no law or policy about the use of these cryptos.

Right now we have information that many countries trying to bring their own cryptocurrency but its not easy for all as they have no relative technology and way for implementing this but few are trying to bring stablecoins or centralized coins for controling this all like China is also working on this but this all still long way to go on other hand no country want to allow their peoples to use this all as they cannot control this all and peoples will feel more freedom which is not good for any government.