Post
Topic
Board Economics
Re: What will happen if the all countries convert to cryptocurrency?
by
Sherwood_Archer
on 17/09/2018, 09:17:40 UTC
Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?

actually that's the thing I'm waiting for that crypto can be used as a transaction tool, but the problem is that the government hasn't legalized it. I don't think there is a loss, it's just that crypto is difficult to control.
I found a list about legalities of bitcoin in different countries https://www.cryptoground.com/a/list-of-countries-where-bitcoin-is-legal
I guess that is a start. A lot of them do not totally consider bitcoin as a legal currency but most on the list are already accepting of it. This looks like a good sign. I am thinking that once banks find a way to control crypto, more countries will legalize it.