In countries eager to receive investments foreign companies is gaining strength the idea that cryptocurrencies can help you achieve that goal. The argument that supports this idea, which has more hope than reality, is usually presented in a vague and imprecise way. It is indicated that in some way the availability of digital currencies as alternative means of payment will promote the entry of funds from various sources, without these being limited to those who already have holdings of these currencies.
A valid question in this regard is what would be the reasons why the cryptocurrencies would facilitate investmentscompared to the use of traditional coins. It is important to note in this regard that the cryptocurrencies that the argument usually refers to are not digital currencies issued by central banks. They are virtual currencies such as bitcoin and others, created with mechanisms independent of any regulatory authority. Looking at it from this perspective, it seems that the alleged beneficial effect on investments It would be related to the origin of the resources, and it could be intuited that the fundamental factor would consist of the openness to receive funds without questioning their origin.
If so, it is clear that converting cryptocurrencies not regulated in legal tender means of payment may collide with the measures, applied internationally, to combat crime and terrorism. That would expose the countries involved, and the economic activities financed with the cryptocurrenciesto impediments and sanctions by business partners, which would be potentially harmful to other investments carried out using conventional currencies. It is possible, therefore, that the loss of these investments more than offset the ones that such digital currencies are presumed to stimulate, leaving affected countries worse off than they were previously.
