Cryptocurrency adoption inevitably disrupts governments

Disruption is inevitable

The financial world is directly or indirectly linked to politics. Cryptocurrency, as a new technology, aim to disrupt the financial world. At least, it is presented like that in the media. However, the potential disruption of the financial world inevitably hits also politics, the sovereignty of states and banks.

Politicians are responsible for enacting laws that directly influence the economy. To name just a few things, they can regulate some market, decide about increasing or decreasing taxes or can subsidy some business or even banks and companies. Economic decisions of politics have a direct effect on the life of people in every country. Politics often misuse the decision right for their personal profit. To prevent that there must be established some sort of common-sense financial controls that dictate how politicians can enact laws and set some borders for their economical decisions. Still, the relationship between politics and the financial world is too complex, and unclear to fully see or understand the full context. Let’s conclude that politicians need to have an influence on the economy since it is one of the most important parts of their job. We generally do not trust politicians much but so far we did not have some better alternative.

Cryptocurrency has grown and proven itself as a disruptive technology that is…