Why should governments accept Crypto currencies?

[kamal420]

We are led to believe that almost all governments are corrupt and that most officials and even leaders of the world are bought.

We saw this for instance with the US elections where rumours are doing the rounds that massive amounts of money were channelled from foreign countries to influence the outcome of the election. This money had to be laundered through shell companies via Banks and complex money laundering systems.

All of this leaves paper trails and this can later be followed and investigated to find the true origin of this money.

Now think about this, why would "corrupt" governments want to appose Bitcoin and Crypto currencies, if they can use it to hide their "corrupt" practices? Would it not make sense just to allow it and then use it to further their political aspirations?

The push back from these corrupt governments does not make any sense. Could it be that they know that Bitcoin and Crypto currencies are not "anonymous" at all and that these transactions can be traced and for this reason they are apposed to it?

[Dynamite]

It is vital to have reliable leaders with good motives and right heart to lead the country most specially if crypto will be adopted. Once the government officials are corrupt, the nation will perish due to leaders unfaithfulness. Strong and faithful leaders are the key to adopt the system of crypto.

[Mikam]

After corrupt government officials, the nation will perish due to the unfaithfulness of the leader. A strong and loyal leader is the key to adopting a crypto.It is very important to have a reliable leader with good motives and the right heart to lead the country specifically if crypto will be adopted.

[pelana vreo]

Blockchain technology has many benefits, crypto payment systems can be tracked across the blockchain network, good leaders will use crypto and blockchain technology as a safe and transparent transaction system.

[Iconetlife]

The reason the government has not received cryptocurrency is not only a matter of greater opportunities for corruption, but the problem of the monetary system that has been running in each country. Maybe corruption can be used as an excuse, but when the government makes new rules about KYC, everything will become clear, even if everyone doing the crypto mixer will be found out.

[dragononcrypto]

They accept crypto as they can tax it and make money of this emerging industry, but otherwise cash is much more anonymous than say Bitcoin so no need to do shady business with crypto.

[Bruks]

The real reason why our s are not making  a legal mode of  and settlements! - Understanding the pain of governments ! and how can they overcome it!

[Ryanpogz]

I think the development of technology in the financial sector continues to grow and the economy in all countries has used digital technology to develop their economy and finances. so that each country must accept the development of financial technology so that it can compete and cooperate with other countries. so that each country can improve its economic level.

[Legends]

Basically, cryptocurrency provides an advantage if we can use it well. it will help the economy of the community. therefore, so many countries accept cryptocurrency.

[Rituvohra01]

BTC technology has much more benefits. Transaction is transparent or purely clear. Its payment system is tracked by blockchain network so that the government should accept Crypto curriencies.

[trauchot]

Because the demand for cryptocurrency is gradually increasing and the governments see this and understand that people are interested in this area, as well as cryptocurrency technologies are very useful.

[whitenem]

Actually it's a good if the government starts accepting crypto currency because it will make the country become more developed and more advanced, imagine if trading in its country can receive payments using crypto currency it will make its country more famous and certainly the economy conditions in its country will be better because there will be lots of transactions in and out of the country.

[Mbah Jenggot]

We are led to believe that almost all governments are corrupt and that most officials and even leaders of the world are bought.

We saw this for instance with the US elections where rumours are doing the rounds that massive amounts of money were channelled from foreign countries to influence the outcome of the election. This money had to be laundered through shell companies via Banks and complex money laundering systems.

All of this leaves paper trails and this can later be followed and investigated to find the true origin of this money.

Now think about this, why would "corrupt" governments want to appose Bitcoin and Crypto currencies, if they can use it to hide their "corrupt" practices? Would it not make sense just to allow it and then use it to further their political aspirations?

The push back from these corrupt governments does not make any sense. Could it be that they know that Bitcoin and Crypto currencies are not "anonymous" at all and that these transactions can be traced and for this reason they are apposed to it?

Yes I agree. The government should accept crypto currencies, because It is block chain technology. It will dominate at the future.