Crypto and Governments
No one knows what consequences removing fiat money and converting a country’s national currency into cryptocurrency will have on the economy and people of that country. Although central banks know that cryptos are extremely safe and They make it easy, but they don’t dare to convert their country’s national currency into crypto and end all the paperwork. They know very well that all the treasury of money and gold as well as countless buildings and guards forThey can protect and keep them in the form of bitcoins or bnb… just put them in a hardware bag and keep them on the desk of the bank president, but they don’t do that. Why?
There are several main reasons, two of which I will mention. First If a country decides to offer its national token in the form of crypto and it is not accepted, it will severely affect the value of its national currency.It may even lead to the bankruptcy of that country’s economy. Because the governments give open and hidden subsidies contrary to the WTO regulations, which are exposed due to the transparency of the blockchain.
Two: On the other hand, if the supply of national crypto by the central bank of a country is welcomed by the people, it may even cause an increase in the value of the national currency of that country, and it can even become a model for other countries in the world. Any standard defined by the leading country in the national crypto field will be accepted by other countries in the world. In the opinion of the author, another reason why the central banks of the countries have not yet come under the burden of national crypto is in the previous speech It was explained that the summary is that the presence of crypto will end their monetary dominance and make the bankruptcy of some central banks and international banks public, which can weaken the national currency of that country It was explained that the summary is that the presence of crypto will end their monetary dominance and make the bankruptcy of some central banks and international banks public, which can weaken the national currency of that countryIt was explained that the summary is that the presence of crypto will end their monetary dominance and make the bankruptcy of some central banks and international banks public, which can weaken the national currency of that country. And the loss of people’s capital. what’s the solution? For this, the professional private sector should go with the help of the central banks in order to carry out this mission accurately. In fact, it should be said that the world is in crypto The government does not want to, and this private sector is honest and hard-working, which is favored by the world. However, blockchain and its cryptocurrency branch will soon find their true path. Now, it should be seen which country and central bank is ready to take risks and be the leader in transitioning to modern money and the initiator of a transparent monetary revolution in the world???
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