Do you think that the government will ever accept Bitcoin as a digital currency?

[Lens]

I do not think that the government would accept cryptocurrency because it is a decentralized platform that cannot be controlled by the third-party and I know the government wouldn't want this.

 

[Ononivami]

Yes, I think the government would accept Bitcoin as a digital currency. Though, They might not fully offer support Bitcoin. Some country already have their own digital currency, CBDCs. Country like Nigeria.

The Central Bank digital currency project is totally different from cryptocurrency and you shouldn't to mix it, they have different features and the CBDC project is centralised

 

[Emmy]

Government will change their attitude towards crypto currency because once they get how to regulate without affecting their fait currency they will accept it and turn to legal tender. Regulations of crypto currency is the reason for hostility towards crypto currency.

 

[Ononivami]

Government will change their attitude towards crypto currency because once they get how to regulate without affecting their fait currency they will accept it and turn to legal tender. Regulations of crypto currency is the reason for hostility towards crypto currency.

On the other hand, regulation should not be encouraged in cryptocurrency arena because it will definitely make cryptocurrency a government-controlled digital assets which is against the major purpose of its creation.

 

[Mayorla]

The Central Bank digital currency project is totally different from cryptocurrency and you shouldn't to mix it, they have different features and the CBDC project is centralised

Central Bank Digital Currency is different from the Cryptocurrency but The idea of CBDC is cut from cryptocurrency been a digital currency. Unlike Cryptocurrency, CBDC is stable and is acceptable within the country it was created.

 

[Connor909]

The future decisions of governments on the acceptance of Bitcoin or other cryptocurrencies are difficult to foresee. While some governments have been more accepting, several have already taken action to control or limit the use of cryptocurrencies. In the end, the acceptability of cryptocurrencies by governmental bodies will be influenced by a number of variables, such as their position on financial regulation, their perceptions of the advantages and disadvantages of cryptocurrencies, and the general state of the world economy.