Government Blockchain Association (GBA) Announces the First Release of “The Impact of Cryptocurrency Adoption on Government”
Washington, D.C., Apr 26, 2021 - (ACN Newswire via SEAPRWire.com) - Tax Working Group of the Government Blockchain Association (GBA) today announced the first release of "The Impact of Cryptocurrency Adoption on Government." This study, developed by an international panel of government and private sector experts, examines the adoption of cryptocurrency around the world and determines the impact it may have on governments. The study is intended to provide public and private sector leaders with the information needed to understand cryptocurrency trends and recommend potential courses of action.While the world is navigating uncharted waters as the global pandemic introduces many challenges to national economies, governments are especially vulnerable to the changing tides that threaten established norms. The very definition of money itself is changing. As in many times of crises, there are opportunities to explore new ways of doing things that end up improving people's lives. "We are witnessing a rapidly growing phenomenon in the world of cryptocurrencies, as it is trending toward total market capitalization of the world's largest technology companies. If this trend continues, there is...
