In the digital world or on the internet, I quite often use crypto to top up my internet bill payments. Besides, I rarely do it. But in my country crypto is only considered a commodity asset so here we can safely buy and sell it. But it seems that it will not be permitted as a means of payment here because it is not in accordance with existing regulations.
I stand by the idea that cryptocurrencies will not be recognized for legal payments, and there are real reasons for that.
1. it essentially increases the amount of money in circulation. I.e. it disrupts the conventionally balanced financial system of the state.
2. A primitive question - what to do with taxes ? Accept them in cryptocurrency ? And where will the state use it? To pay your pensions? Will you agree to receive your pension with an asset with wild volatility and complete decentralization? And the state will not be able to use them in any other way, because the world market does not work with cryptocurrency.
3. A simple question - how to form prices in local currency and bitcoin, for example ? In what will be assessed the real value of the product ? In local currency? In bitcoin?
And there are so many such questions that any advantages of cryptocurrency are nullified by these complexities.
I am in favor of crypto-assets being an investment asset, but not money