Modern Economic Nonsense — Government opens ideas to the public about cryptocurrencies

xuanling11
Coinmonks
Published in
4 min readJul 13, 2022

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The US government opens a public discussion about cryptocurrencies and their future. Moreover, it opens the door to inviting the crypto industry to solve future fiat currency problems.

Background

The government’s decision to open a consultation period with the public about cryptocurrencies is a necessary move towards regulation in their country. It’s an important step in the right direction towards acceptance of cryptocurrency, as well as blockchain technology. It also shows that the government is seeing the potential of blockchain and cryptocurrency in the future and want to make sure they’re prepared for when these technologies become more mainstream. The US wants to become a crypto hub for the future of the digital currency that moves forward.

What is being proposed?

When it comes to cryptocurrencies and blockchain, the US may take a very “hands-off” approach. They’re open to allowing cryptocurrencies to be traded freely in their country, as well as blockchain technology. This is encouraging news for investors in the cryptocurrency world, as it shows that the government is on the same page when it comes to the potential of these technologies. Malta is proposing to make cryptocurrency exchanges…

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