Post
Topic
Board Economics
Re: Why Cryptocurrency threatens governments
by
Raven91
on 29/09/2018, 17:29:03 UTC
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?
since the cryptocurrency is decentralized, government cannot handle it. plus the fact that it will remove all of the taxes that is needed by the government.