Post
Topic
Board Bitcoin Discussion
Re: Why we have slow steps about convincing governments to accept bitcoin?
by
Latviand
on 23/02/2020, 17:01:48 UTC
Decentralization issues, market price instability and the likes. Bitcoin, as a digital currency, still has issues in the eyes of governments despite of the fact that it is being used already to some countries. But we cannot blame them because as time goes by, more people would see the benefit of blockchain technology. Its popularity is slowly spreading right now which is a good sign of progress.
I think that the governments of most developed countries will soon accept bitcoin too. There simply will be no other choice, and that’s logical. If we want to use bitcoin (more and more people use it, or at least know about it), then the government will have to take some measures.
there will always be achoice. Keep in mind that it is not only Bitcoin that is a digital currency. There are already digital currencies aside from cryptos that are being widely used by many people.
This is not just a political related issue but more about money IMO. There is no such related issue before and I think crypto projects are welcome in Malta and quite it looks different by now. This regulatory board may have to chase something for crypto owners and giving no option for them to follow the rules or have money under the table to play. Maybe I was wrong but in the current situation, I think they are looking it to happen since knowing that crypto is a growing market and these people would like to get some share also.

What I think here is the government is trying to buy careful about making haste to accept in totality with bitcoin. They feel the right to protect the citizen and this is why it looks like it is difficult to convince the government. Before we have a genuine legal backing from government, it will take more time.
Those countries who are not yet adapting blockchain technology are still having measures. One main thing I think is market price stability because using bitcoin perhaps, would engage an individual to investment, risk will then arise since its market price changes from time to time.