How does politics affect cryptocurrency?

[Domithra]

It is these Politicians who fill the governmental positions in our various countries and as every crypto enthusiast know, most of the governments are not in kind terms with cryptocurrency because it takes the financial power back to the people due to the decentralized nature of cryptocurrency. Attacks from the governments wards off a lot of investors as it creates FUD within them.

[Madapaka05]

It depends on the government if they open minded about crypto if not there is a problem with it like china they dont regulate bitcoin thier country because they cannot control it otherwise china is not interested if they did not earn from that kind of matters like bitcoin.Here in our country our government are now studying about crypto currencies and became open minded about it and they plan regulate it here.

[bityndye]

Government has a big role in whether cryptocurrencies would be accepted or not because if there are any investors as well to the politician then they would push through with the regulation so that there will be adoptability to the coins. It would be a disadvantage then if cryptocurrency would be ban in the country. We know that most of politicians have money so they would explore so invest in things that has potential and cryptocurrency would be one of those.

[eurcoin88]

It is these Politicians who fill the governmental positions in our various countries and as every crypto enthusiast know, most of the governments are not in kind terms with cryptocurrency because it takes the financial power back to the people due to the decentralized nature of cryptocurrency. Attacks from the governments wards off a lot of investors as it creates FUD within them.

Government rules are really giving crypto a headache most of the project are having difficulty to proceed since the rules from different countries are getting strict and because of bad impressions more and more countries are being added from the list that really eyeing with crypto existence not like before that government is not the fully aware so they are not placing any rules that affects the movements of crypto from their respective jurisdictions.