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Author Topic: Why are banks and governments scared of Bitcoin?  (Read 5050 times)
federicho
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August 14, 2018, 04:47:00 PM
 #1761

I think that's because basically bitcoin is a digital currency that is risky, it does not have an investment assessment base. Then, this currency runs the risk of money laundering. the last point is this possibility will be able to create a bubble.
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August 14, 2018, 04:58:09 PM
 #1762

I don't think that it is the right word, they aren't scared but btc can prevent them from having an opportunity to control everything. To my mind, it is necessary to define who you are with and defend your standpoint

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August 14, 2018, 07:03:20 PM
 #1763

Bitcoin isn't like banks and government. Centralized and redistributed is therefore totally different. the massive distinction makes banks and bitcoin contradicting to every different. Government needs to own financial gain from banks. Banks needs the protection of presidency so as to own a lot of security just in case there'll happen unnecessary  things. There area unit significant issue in each teams as a result of terribly contradictory in our society. Thanks why governments and banks doesn't like bitcoin.
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August 15, 2018, 02:26:30 AM
 #1764

I think why are banks and goverment scared of bitcoin, because they know bitcoin is scam or anything than that, and bitcoin is a so big competitor for banks and goverment, Bitcoin brings fair opportunities for common individuals, and so being at odds with the government is a bad move for a bank.
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August 15, 2018, 03:19:10 AM
 #1765

Government and banks are afraid of bitcoin because bitcoin will cause them to lose control of the market. For example, if there is no bitcoin then the financial transactions for banking and banking will However, with bitcoin, you do not need a third party to trade, so the bank will lose the profit margin.
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August 15, 2018, 03:25:19 AM
 #1766

There are many reasons why governments and banks do not accept bitcoin. But the main reason for me is that it has a certain effect on the fiat value
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August 15, 2018, 04:07:07 AM
 #1767

So many countries now were prohibiting the use of virtual cryptocurrencies. And to think that many unemployed individuals were beginning to uplift their way of living because of their dealings with cryptocurrencies. Banks doesn't expressly say why it is banning the use of Bitcoin.
What do you think is the reason behind this?
Because they are scared, they are scared because they  can't control people or they can't get tax from bitcoin and they afraid to be down because government officials is greedy to get peoples taxes even the people can't afford it. As if now many people can't afford the standard because of the tax.
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