It is very natural for people in power to be afraid if something they can't control,some of then don't approve out of ignorance
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That's true, I also doubt cryptocurrency at first but that doubt is no more, if you know how to trade the crypto market then you can earn a decent amount of money by doing that.I think the reason for the doubt is that they believe crypto currency is not really promising and investors won't make future returns if they should invest wisely into it ,never know that Bitcoin have so many potential attached to it
My opinion is that most governments that are hesitate to allow Crypto currencies are just afraid of losing their power over the economy and not much concerned about the reasons I'll be listing below. Anyway, some reasons are as follows :I really don't understand why some countries still doubt Cryptocurrency even when its been 12 years since it came into existence. My country Nigeria, doubt its long time future and benefits it can bring to their economy and the individuals. And other countries too around the world still have same doubt around the merits of Cryptocurrency.
Is your country among those countries doubting Cryptocurrency merits? What is the reason behind the doubt? Explain!!
Cryptos are the future of legal tenders but I believe the skepticism shown by governments torwards it is because top government officials are confused as to how it would be used to pay for goods and services. Humans are very obstinate to change, and this is no exception. Also, the negative perception surrounding online transactions account for the government and people’s reluctance to use cryptoI really don't understand why some countries still doubt Cryptocurrency even when its been 12 years since it came into existence. My country Nigeria, doubt its long time future and benefits it can bring to their economy and the individuals. And other countries too around the world still have same doubt around the merits of Cryptocurrency.
Is your country among those countries doubting Cryptocurrency merits? What is the reason behind the doubt? Explain!!
The government shouldn't be trouble, it may not be possible for cryptocurrency to be fully adopted as a mod for payment of goods and services. Its Volatile nature won't be suitable for suchCryptos are the future of legal tenders but I believe the skepticism shown by governments torwards it is because top government officials are confused as to how it would be used to pay for goods and services. Humans are very obstinate to change, and this is no exception. Also, the negative perception surrounding online transactions account for the government and people’s reluctance to use crypto