Over the years cryptocurrency has evolved into a global currency but governments are trying to sweep it's relevancy under the carpet. We all know that the eyes of the community are now opened to the importance and blockchain technology.
What baffles me is why are the government making lives difficult by banning or limiting it's use? Is it because it threatens the political power or are they scared it will improve the global economy or force the traditional banks to reduce their ridiculous interests rate which we have been robbed of for decades now.
What is your take on this and what do you think will make governmental bodies to finally accept crypto?
What baffles me is why are the government making lives difficult by banning or limiting it's use? Is it because it threatens the political power or are they scared it will improve the global economy or force the traditional banks to reduce their ridiculous interests rate which we have been robbed of for decades now.
What is your take on this and what do you think will make governmental bodies to finally accept crypto?
simply bitcoin enables people to control their money the way they want , some people in first world countries may not realize how important is that but I will try to give an example
for example I live in Syria and I guess you already heard about it from the news , there are many Syrians who migrated to USA in the past and now they have citizenship but now USA prevents dealing with Syria at all
so imagine if you are a Syrian who has an uncle or relative in USA and that relative isn't even to help you at all with money simply because USA prevents that and they count all the transactions as a way to help terrorism ( as they call it
)so in Syria even the popular banking and wallets services aren't available thanks to USA : Visa , Master , Paypal , Neteller , Skrill ...etc
bitcoin created a way for people to send and receive money easily here without caring about the US ban and other banking related problems
in short people who live in a first world country may look to bitcoin as just a way to make more money , but if you move to a 3rd world country you would know how importance blockchain is and of course thats one of the reasons that governments hate bitcoin
I fully understand your point, first world countried may take it for granted but for us it's a way of financial freedom and yet our governmental body is trying by all means to limit it's existence. It's really sad