Quote from: laravuemaster on September 22, 2018, 05:47:43 AM

Quote from: celestinamoore on September 17, 2018, 08:39:49 AM

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?

Cryptocurrency is threat to the government because there are a lot of people today who prefer bitcoins rather than placing their money on the banks, that is the reason why it can change the flow of the economy of a country.

the main reason in this case is, because bitcoin, or cryptocurrency seems to threaten a system in some countries, whether it's in terms of transactions, money laundering, or anything else. but I think it can still be avoided by accepting it. sometimes the government only sees the risks, but not the benefits.