Why should the governments accept cryptocurrency?

[princessgirl]

One of the main reasons why the governments must accept cryptocurrency is that it has the capabilities of raising the status of the economy of a country through the creation of job opportunities and offering financial freedom to the people. With the immutable digital ledger feature of the Blockchain technology, corruption can be curbed because all transactions are recorded and cannot be altered.

[Raboni]

  capabilities of raising the status of the economy of a country       

Yes it is but what about the possibility to dump the economic status due to unstoppable crash once occur?
Cryptocurrency could help the country to open more opportunities of job and to increase economic trend if they are well prepared to deal the volatile thing.

[Black ID]

Cryptocurrency is digital money that is packaged in such a way as investment, trade and also some Bounty campaigns in it. I think this will be good for the country and help the country's economy by reducing unemployment. So that this will provide progress and reduce existing unemployment.

[pedangrusak]

I support this statement that the government must consider the needs of the crypto community because there are many benefits that the country will get if it applies crypto in the economic activities of a country, only FUD is negative without a clear basis that continues to corner crypto and it does not need to be responded

[masterrex]

One of the main reasons why the governments must accept cryptocurrency is that it has the capabilities of raising the status of the economy of a country through the creation of job opportunities and offering financial freedom to the people. With the immutable digital ledger feature of the Blockchain technology, corruption can be curbed because all transactions are recorded and cannot be altered.

In my country the Blockchain is prospered much and crypto-currency uses and trading is roughly increasing to montly volume $40 Million dollars and the ICO's and other crowdfunding activies was regulated by Central Bank and SEC to protect the people and due to increasing demand for blockchain base products such as gaming,fintech dapps, etc. and even my government is proposing its procurement facility in Blockchain.

[Quart]

The government must accept and legalize Cryptocurrency to be more advanced and the economy of its people can be lifted. This is because Cryptocurrency provides many and unlimited job opportunities, so there will be no more unemployment in the country and will benefit and advance the country well in terms of Economy and business.

[ZionRTZ]

One of the main reasons why the governments must accept cryptocurrency is that it has the capabilities of raising the status of the economy of a country through the creation of job opportunities and offering financial freedom to the people.

I understand the financial freedom part but how about the job opportunities?
Can you expound more on that?
Can you enumerate what job opportunities?

With the immutable digital ledger feature of the Blockchain technology, corruption can be curbed because all transactions are recorded and cannot be altered.

Agreed. It's all about transparency. If everyone can see what you are doing, then you might as well do everything right.

[oxwell]

Because Cryptocurrency benefits many parties including the government and society. Crypto, the community can have additional income and also reduce unemployment in the country. Therefore, it is time for the government to make a decision to legalize Cryptocurrency which will improve the country's economy.

[Sentinel]

Cryptocurrency will give us a big profits if we can use it well. it will help our economy, but if we can't use it well then we will only get the big losses. there are some countries that still ban cryptocurrency because one of the reasons is that.

[arnishad]

There are several reasons for this and also the market scenario has chop-chop modified from bull up-to-date one.other reason is most of loaning coins are the scam one as a result of they need not brought true worth to their investors. many of us are merchandising their coins for reasonable value for purpose of constructing cash.
I don't see this state of affairs as deep losses, it's additional sort of a correction and regulation to create things alot higher and additional convenient.
Don't underestimate this DIP
Don't over estimate this DIP either; instead take positives and take full advantage.

[trauchot]

The governments themselves use the blockchain and other cryptocurrency technologies for various fields and the progress is obvious, but they just dont want to begin to legalize cryptocurrency. The time will come when everything will change, because without cryptocurrency technologies for many countries will already be very difficult.

[RapidRabbit]

I think it will eventually happen, but will cryptocurrencies be the same when they'll go under the control of government? Personaly I think it will made them similar to fiat money and they'll loose their independence. New ideas of using blockchain technology aby government appears all the time ( for example, I read last time on spam blocked b about Ohio planning to use it for collecting taxex) so it's only matter of time when they'll decide to use it. And some countries, like Venezuela, use them already.

[paolobaltimori]

I think that is probable that governments will accept blockchain but not crypto in next future because of decentralization problem.
Decentralization means that they won't have anymore control over a coin and this is very dangereous for a political economy.

[pelana vreo]

If the government wants to adopt a cryptocurrency for all matters involving the financial system. I think they will use blockchain technology. The government is interested in the technology, but they are still hesitant to use crypto for several reasons such as work budgets and tax systems. If the government uses crypto. I am sure the financial system will be safe from price manipulation

[de_prof]

One of the main reasons why the governments must accept cryptocurrency is that it has the capabilities of raising the status of the economy of a country through the creation of job opportunities and offering financial freedom to the people. With the immutable digital ledger feature of the Blockchain technology, corruption can be curbed because all transactions are recorded and cannot be altered.

The reason  why the government accept crypto currency, Because Crypto Currency is the future technology. It will be needed at the coming future.