Post
Topic
Board Bitcoin Discussion
Re: How big is the role of the government in the development of Bitcoin?
by
Xising
on 23/05/2019, 04:36:53 UTC
I witnessed in my country form last crypto ban ( Crypto currency became not legal tender currency anymore) . Then After i have seen lots of depreciation in market . Couldn't able to sell most of my holding . Even government started to harass crypto companies . I think government also plays major role like community . I think both plays equal role community as well as Government .

That's true, I somewhat had the same situation in my country. I think a government's role in the proliferation of cryptocurrencies in a country largely depends on its governments together with the big and trusted business that are the primary movers in one locale. I say that because a government moves and, at times, controls the mindset and thinking of people in their locality about how people should view and take on some business ventures, and that includes on their dealings with cryptocurrency. In many countries before, if their government would show some disapproval and doubts on using cryptocurrencies, many people have viewed it as somewhat a negative imagery, thus, affecting their acceptance of doing business with it. However, on the other hand, if a government openly supports cryptocurrencies, then it's a big boost for the market to be recognized in that country.