Post
Topic
Board Economics
Re: If the government supports bitcoin instead of the existing currency.
by
ipanks
on 16/10/2018, 04:14:14 UTC
I think it's far from happening since the Bitcoin is decentralized. The Government will surely not support anything that they can't control. so for that to happen, the cryptocurrency will be under the Government. this is just my point of view on this matter.
of course the government wants to use it for the prosperity of the people, so surely there will be policies that will regulate it, even though we do not know the current policy to be taken, but i think it will have many advantages for the development of BTC

I hope that the government can support bitcoin and not make bad regulations for controlling bitcoin and cryptocurrency. Besides that, I hope that the government is not applied the high tax for bitcoin user so we can pay the tax and obey the rule. And if the government support cryptocurrency, I think it will make people are not afraid if they want to invest their money in crypto because the law of the government protects them.