Post
Topic
Board Economics
Re: If the government supports bitcoin instead of the existing currency.
by
Ericgreen
on 01/12/2018, 07:32:26 UTC
I'm not sure if the government supports bitcoin, not even the currency. of course the government will support it if it is included in its thinking and not harmful. bitcoin is difficult to control and its anonymity makes the government unwilling to support it even if it accepts it.
The government will give support if they'll get something from here. If the community allow its legalization and tax imposed by the government, they might have no conflict with it and the government will bring crypto into more known currency.
I know the government are willing to support crypto but it somehow some individuals taking advantage of its anonymity and used this into illegal activities.
Yes, some individuals used it into illegal activities on which makes the crypto hard to implement in the community but, the government now will started to take a step in order to stop it on which can help the cryptocurrency to be adopted in the community sooner that everyone can be able to use it in secure and for the fast transaction in their daily lifes.

Really hopes that it could happen soon, crypto could really be useful for all transaction, even the global transaction will become easier,if the government decided to implement crypto, I believe there will be an increasing in economic system, crypto could be used for bad thing and good thing so people not supposed to judge crypto because of some people used it for bad things
It will also support all the countries to reach the same level economically as they all will then use the same currency and with the crypto we know that there is no any restrictions for any country in the world business. With that step the world will become a global village and all of the people around the world will have many opportunities financially.