Quote from: yusupjatigumilar on October 13, 2018, 06:18:25 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?

I think the government's readiness factor is the reason why the government cannot take policy and tends to make bitcoin or crypto currency illegal by the public, but I think that if the government is ready to make regulations about crypto currencies it will be very beneficial for the country because it can bring income from crypto currency business operators

also the biggest fact is its tax free so there's some chances that people move to cryptocurrency and stop using fiat. I think that's the main reason why government want to take bitcoin down and other cryptocurrencies.