The 18 Trillion Dollar Question of Blockchain Adoption by Governments
Hacker Noon April 1, 2021
“…If we continue to move into a cryptocurrency environment, how does the government collect taxes? If they can’t see the transactions, they can’t enforce their laws, manage their debt, manage their economy…”
Gerard Dache is the Founder and President of the Government Blockchain Association, and an extremely quotable man. There are at least a half dozen snippets I could have picked to grab your attention for this interview. I chose this particular quote though, not only for it’s clickbait impact, but because it embodies a large part of the problem which the GBA are setting out to address. Paying taxes, or conforming to government regulations may not be anyone’s favourite past-time, but it is a necessary evil. And...