Shaf
Verified member
As the first cryptocurrency and gold standard in this field, Bitcoin has always and it seems, will always continue to be the object of scrutiny by government worldwide.
The most prominent thing is that it's decentralized, allowing people to bypass traditional financial institutions that can be controlled and monitored by government. It's understandable that this will make them uncomfortable, as controlling people's money and transactions is one of the best ways to control a nation.
Some countries have chosen to accept it and use it as legal tender, some are still considering it and the advantages it has, some are still highly skeptical while countries like China have outrightly banned it.
Generally, most countries seem to be watching from the sidelines. Would this ever change and make Bitcoin to be accepted as a means of transaction?
The most prominent thing is that it's decentralized, allowing people to bypass traditional financial institutions that can be controlled and monitored by government. It's understandable that this will make them uncomfortable, as controlling people's money and transactions is one of the best ways to control a nation.
Some countries have chosen to accept it and use it as legal tender, some are still considering it and the advantages it has, some are still highly skeptical while countries like China have outrightly banned it.
Generally, most countries seem to be watching from the sidelines. Would this ever change and make Bitcoin to be accepted as a means of transaction?