Originally Posted by JamesBond

Those governments might not have a choice. I don't think success/failure of governments are in any way interrelated on their currency. There are plenty of countries where the dollar is taken/preferred over the local currency. Not to say it is exclusive, but if you pay in dollars rather than gozintas you get better prices, and if you pay with a big bill it gets even better. With cryptocurrency being anonymous and essentially stateless, people can move it around freely. I have asked the question before, and I still wonder how our government... ANY government taxes crypto gains. If one buys it at an ATM with cash, and subsequently sells it at a profit on a similar ATM, how are you taxed on that gain? Frankly, I think governments are scared to death of it, because they know they can't prove shiite about who has it, how much they paid or their profits on it unless it comes fro a brokerage house.