Vusi Thembekwayo explains why governments avoid creating crypto programs.
The hesitation of governments to embrace cryptocurrency programs directly stems from a fundamental concern over control. While the decentralized nature of cryptocurrencies offers potential benefits in terms of financial inclusion and efficiency, it also poses a challenge to traditional systems of governance and regulation. Governments are wary of relinquishing control over currency issuance and monetary policy, which are central pillars of their authority and influence.
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Why Are Governments Afraid Of Crypto?
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