The use of cryptocurrency is has increase over the years as many people now see crypto as an alternative to the fiat. My question is if the government legalize cryptocurrencies are means of payment, what will be the implications on the global economy?
The only implications in the global economy is that countries are going to accept crypto as alternative to fiat. But I don't think that it will happen in the future, crypto will be a alternative for some countries but there will be against it, so the world is still divided.
And how many countries have fully supported it? or in the gray area, or totally banning it?
Yes, government will have their own CBDC to counter crypto. Digital fiat at the hands of every citizen but then again, they can be track by their government.