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@ISIDEWITHQuestionseconomyStarted 3yrs agoActive 3mos ago

Should the government classify cryptocurrencies as legal forms of payment?

Cryptocurrencies are a collection of binary data which is designed to work as a medium of exchange wherein individual coin ownership records are stored on a public ledger using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of ownership.

508 Replies

 @ISIDEWITHDiscuss this answer...3yrs3Y

No

 @ISIDEWITHDiscuss this answer...3yrs3Y

Yes

 @ISIDEWITHDiscuss this answer...3yrs3Y

No, classify cryptocurrencies as unregulated commodities

 @ISIDEWITHDiscuss this answer...3yrs3Y

Yes, but only for cryptocurrencies that hold stable value without price fluctuation

 @ISIDEWITHDiscuss this answer...3yrs3Y

No, classify cryptocurrencies as highly regulated securities

 @ISIDEWITHDiscuss this answer...3yrs3Y

No, but the government should create an official digital currency

 @9ZTVSH8answered…3mos3MO

No, so long as there's still a significant environmental impact the creation of Cryptocurrency carries.

 @96K8N86answered…2yrs2Y

No, crypto is too damaging to the environment for the government to support

 @8YLXLQPSocial Democratsanswered…3yrs3Y

cryptocurrencies could lead us into recession so I would say no to classify cryptocurrencies as legal forms of payment

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