Post
Topic
Board Economics
Re: Do you think that bitcoin can reduce corruption?
by
atjiat
on 12/04/2018, 19:16:15 UTC
Now that governments have a competitor in terms of currencies, do you think that they will make an effort to make the economic system more transparent or will they just try to ban everything?
No, it won’t affect the amount of corruption. It can actually get worse if the corruptor uses coin who’s its transaction is anonymous like Monero. Some countries even forbid the use of Bitcoin and other cryptocoins due to surveillance, they say cryptocoin has a gap to be use as a tool to commit crime.
and yet we observe that even with the help of the company's ico, many scammers use crypto currency for fraudulent purposes. Although the crypto currency in some countries has not a legitimate status, but that fraud with crypto currency is a crime.