Most countries are in full control of their own monetary policies and financial systems. If a alternative currency is introduced, would this improve or reduce the efficiency of a country?
Will this remove their control or would it be just another payment option, like PayPal?
Why are governments so scared of Bitcoin, if they can regulate it's use. The first defensive tool seem to be banning the technology, which in my opinion should be the last resort. Should they not analyse the threat based on proper research and public participation. < like they did in Canada > and then make harsh decisions like this?
Why are they ignoring the advantages that this technology might bring and implement extreme precautions as a primary action?
Is Bitcoin really such a big threat to them or are they just misinformed on purpose? < influenced externally by people with hidden agendas >
Let's discuss this please.
For now bitcoin can't make any impact for country economy directly but it only improve individual financial condition so it can only indirectly and slightly increase country economy. Bitcoin can give bigger impact if there are many people who use it in a country such as china. There are so many bitcoin holder in china and it seems that the government try to reduce the usage of cryptocurrency in china by create some bad regulations for cryptocurrency, the government afraid that the wealth will move outside of china because bitcoin transactions has no restrictions, it can be send to anywhere.