The possibility of cryptocurrency with the involvement of government

It is quite glaring and known to all that since the existence of Cryptocurrency it is still not accepted fully by most government and countries around the world and this have made the restrictions of Bitcoin to be used legally by citizens in most of those countries.

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The involvement and Investments with cryptocurrency by citizens is done on personal and private terms without the full support of the government and this have really made some government take actions by trying to ban it existence.

It is no doubt that we can see the impact of cryptocurrency in our economy and the world of finance today which is been kind of supportive and also making more things easier with online transactions and empowering cashless policy.

Most governments in some countries feels that since cryptocurrency is not owned or controlled by anyone, it can be a harm to the society with it existence, neglecting them to give support. While some other countries feels that it is illegal and a way to promote scam in hiding massive funds.

We really can't say that the involvement and acceptance of cryptocurrency is perfect in terms of it contribution to assist financially but we can agree that it existence will really play a part in changing situations and lifestyle of citizens for good when accepted.

Government can still accept cryptocurrency if...

I feel the government acceptance of cryptocurrency can still be possible if some rules or laws can be applied to give their full support. My concern is that they feel that there isn't any gain to their part if they allow such currency to trend, so they are trying as much as possible not to give support in accepting is existence.

Some countries are beginning to accept cryptocurrency fully and there seem not to be any issue with it involvement and acceptance in those newly accepted countries. If the governments really want to accept cryptocurrency they can apply the idea of involving cryptocurrency to be used as taxes which might collaborate without any issue.

Also we know how easier and faster cryptocurrency showcases when it is used for transactions and this will really be of support if it is used for transactions as well to help make online transactions with funds functioning with the support of the governments. We however know that this is already taking place in the Crypto space but there seem to be restrictions by government that makes people look for other means to do so.

It will make more sense if cryptocurrency can be used for an international trade as well which will enable more business transactions function easily without much stress and that will really play a positive part if the existence is acceptable.

Cryptocurrency existence and Investments means no harm to people and I think the governments really need to look into this to be accepted without doubt. It can't be stopped no matter how they try because cryptocurrency really have something to proof and we need to give it that opportunity.

It is now regarded and seen as a future currency which is even making it more attractive for people to accept but still yet to make cryptocurrency trend in a positive way the government needs to give full support as well without doubting it impact and contribution in the world of finance.