Post
Topic
Board Economics
Re: Canada warns its citizens to only buy marijuana with cash
by
el kaka22
on 20/12/2018, 06:37:23 UTC
we often talk here how all the governments only want to replace cash, because they want to monitor all transactions, but it seems to be more complex than that. Privacy can protect people from criminals and malicious outside actors, and I think the benefits are far more important than some small number of criminals getting away with crimes.
Democratic governments always value their citizen's preferences rather than sticking within policies and may loosen up legal issues slowly where the people push. This is what happening as per that article. It must be one good positive news for the people who concern on protecting their privacy and identity. I am sure, in near future we are going to have another article like a government may ask to use bitcoin to stay anonymous as responsibilities should come by own and not just due to regulations in a matured society.

In this light, crypto can find its place in economy as "digital cash", and some governments might officially recognize it.
Yes, that will happen but not sure how quick it will happen. Developed countries may do it at first (still I wonder why no other governments are not yet following Japan's decision of legalizing bitcoins.) Cryptos will be part of our daily life but government may monitor us by what we are buying and where we are going and whom we are meeting which may be like another family member as that is the only way to collect taxes and to control/monitor criminals and terrorists after leaving off the control over existing financial system.