Cryptos have a fixed supply; hence, unlike government-backed fiat money, their supply cannot go up suddenly. They allow individuals to work around the conventional financial system and let payments be made directly between payer and payee. While there may be a limit to the supply of each crypto, there is no limit to the supply of cryptos. While this is an important point, it will never come to this, simply because governments and central banks will never let such a stage arrive. Given all this, governments can’t sit around and let cryptos flourish.

Source: Mint May 30, 2021 16:30 UTC