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RE: Indian Government Considering Allowing Cryptocurrencies For Financial Transactions?

in #india6 years ago

Never think that government will allow cryptocurrencies. Governments can issue cryptocurrencies but those cryptos will not be your bitcoin, etherium, shitcoin types cryptos. They will be highly centralized cryptos on which govenments will have sole monopoly. You cannot mine them. You can transact with them only. People will adopt them heartily because they believe more on governments, instead of private entities. So, finally this will end the true crypto business and ultimately governments will be the winner.
This virtual money will make everyone a puppet of government because with their implementation, governments will be able to trace every transactions and can even forbid someone to stop transacting by freezing their accounts.