Cryptocurrency: What does Government involvement Hold for the Future.
The blockchain technology is no doubt a mind boggling discovery. While it is not limited to the crypto space alone, it is also wise to state that the blockchain technology has been made popular because of its adoption by cryptocurrency (bitcoin being the front liner).
Cryptocurrency was built with a basic principle transparency where transactions are not controlled by anyone. It is always visible on the blockchain for all to see.
It is no longer news that cryptocurrency are here to stay, they also provide a potent business structure for both the present and future. This has caused both corporate and government establishment to embrace cryptocurrency.
We know how the government always want to regulate and control almost everything (even systems they don't understand). Recently, my mailbox has been hit by a barrage of mail from almost every online company informing me about an upgrade in their Terms and Conditions as well as their Privacy Statements. Is it just me or someone else is thinking what I'm thinking.
So my question is What does Government involvement in cryptocurrency hold for in the future? as we know that all the government knows how to do best is "Govern (rule, control and dictate terms) ".