War on cryptocurrency!

[Haynes]

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

In my opinion,
1. Many countries still doubt the security of bitcoin.
2. many countries are still thinking of the best way to apply bitcoin to the country, so as not to be a loss to its citizens ..
3. bitcoin has no tax, so there is no income from bitcoin for the government.

[Scor1937]

Thats not actually true. Actually yes, governments are banning exchanges, ICO, and that is highly affecting the price of bitcoins but i am sure that bitcoins will pump up again with all other altcoins and also the war is perhaps temporary and will soon end up with good result. Perhaps some good new exchanges will be authorised to be used with some good and profitable terms and conditions.

[Hendralam18]

Mostly in Asia Country the government have issued the bill declared that cryptocurrency are not allowed, this what happen yesterday.
Because crypto can support corruption and terorist to send the money without identity and no limit, so the government make the regulation. But in my opinion all crypto cannot banned, it was decentralized without any central bank to control of it. So it was useless, yesterday happen just temprorary panic selling.

[noictib]

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

In actual only those countries government are going against the cryptourrency who are not aware about the bitcoin and another crypto currency values .
And also we can see that there are many countries whoa  are much developed countries are allowing crypto currency to use in the public with taxation and big regulation system , so that people will not only use crypto but also they will pay tax for the country , so in this way no they are going to use crypto but also giving a strong power to the Economy of the growth of the country .
And also here we can see that if government will ban such things than it will not be solution because no one can stop it and people will still try to use with the use of many privacy system like vpn .
So here a type of stupidity of those countries which are going against the cryptourrency .

[billionaireSHS]

Yes it is true, the main reason is that maybe the government was afraid to beat their current money by bitcoin. Because we all know that bitcoin was so very popular and it is very valuable that's why some government and some countries are declaring war because they are against on bitcoin. In additoin, may be they don't like to use some cryptocurrencies because  they want to use their own money in their own countries.

[Minnie1928]

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

They ain't declaring the war. They cannot control the cryptocurrencies and that is their main problem. Instead of the war for prevailing, they had already chosen the way to adapt and that is making some usage of the cryptocurrencies to give them more benefits.
A tax system is happily embraced by the government when the crypto is included. Taxes from the crypto means additional income for the country.
They were fighting at the beginning but the smart countries are now seeing the possible benefits of adapting to the crypto market.

[Ashleybarnes2]

I think this "war" has a long way left bofore we see the back of it

[a4techer]

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

We know that government is one of the powerful position in out country and they want to control any establishment or they want to handle it. Why they declare was kn cryptocurrency because many of business thay was affected by cryptocurrency and government thay cant handle it so that is one of the reason why they didn't like bitcoin.

[tophe15]

War or just restriction? War is somewhat in another level, I didn't heard countries are going against crypto but they are just limiting it due to how it can be used for illegal purposes. They're doing it to protect the value of their fiat I think and might be about corruption too.

[Alalex]

No one declares a big war with cripto money, because cripto money does not harm the government.

Surely the government will not be bothering this cripto money.

Cripto money is growing throughout the world, ranging from rich to poor can earn money with cripto money.

Surely the government is very happy in the development of digital money and the development of surrounding communities.

If the government forbids we will definitely trouble and lose some of the income we have run so far, because the government has banned.

So it's actions that will hurt a lot of people and slow the development of the technology world because it interferes with the development of cripto money.

[zarados]

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

Declaring war on cryptocurrency as well as declaring war with the future. This is because they have predicted what will happen in the future to their country with this technology. No other is economic change and can lead to lack of state income from daily transactions. In addition, there are also some countries who consider bitcoin as a threat that can help the process of financial crimes that can also harm the state.

[pitiflin]

No they are not. They don't like it, so what do you expect? A lot of scams have happened because of usage of cryptocurrencies and they don't know how to get the proof. A lot of illegal activities also take place with the help cryptocurrencies. There are no taxes on cryptocurrencies in most of the countries. So people are just enjoying this feature, by not paying taxes and now they complain that countries are declaring war. You should have known that this day would eventually come.

[Royal Script]

Because every nation has its own point of view towards cryptocurrencies. And they have not allowed cryptocurrencies to operate in their country or any use of it because they might fear that bitcoin will be used against them or can affect its economic growth.

[srmecdes]

Firstly they have to understand this issiue deeply. They want and need tax but it is not possible as a mandotory. Maybe if you give up huge tax request people can accept with their decisions.

[Erza]

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

They ain't declaring the war. They cannot control the cryptocurrencies and that is their main problem. Instead of the war for prevailing, they had already chosen the way to adapt and that is making some usage of the cryptocurrencies to give them more benefits.
A tax system is happily embraced by the government when the crypto is included. Taxes from the crypto means additional income for the country.
They were fighting at the beginning but the smart countries are now seeing the possible benefits of adapting to the crypto market.

Yes, they can't keep on fighting with them of course because at the first of the bitcoin exist they never ban it or making any regulations, who can really predict on what will be coming next time? Bitcoin price started to rocketing is never been thought by everyone before. They just follow the flow and yes bitcoin flow to the positive thing

[keycellko]

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

Well the government claims they are concerned with people using bitcoin for crimes and illegal activities such as terrorism and money laundering. Having a feature of being untraceable could really be used for such crimes. I can't contradict to that. But i think, mostly, the government is comcerned of having a fair share from the bitcoiners money. As you can see the government are getting the list of investors from coinbase.

[dificanovi]

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

I think a country that does not accept bitcoin because bitcoin can disrupt the banking system in the country. bitcoin can destroy a company in a country because its employees will choose more profitable bitcoin rather than work in a company.

[Hui8]

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

They are getting crazy, may be! They think that crypto currency might become the reason for the fall of national economy. The reason is very straight here, investing into crypto currency is like putting your money out of the country thus making the turbulent attack on national economy. Because when investors put money into crypto they hold it there like forever. This means the funds get locked forever and economic circulation gets disturbed. May be this is why they are trying to regulate it or they are trying to destroy it directly or indirectly. This way we can call it as war on the crypto currency. But this will end soon when they will see real life applications for the same.

[richardsNY]

There are no taxes on cryptocurrencies in most of the countries. So people are just enjoying this feature, by not paying taxes and now they complain that countries are declaring war.  

That's nonsense. Even if your country doesn't specifically mentions crypto, you still need to pay tax over your profits and holdings. If you think that the government hasn't thought out their tax system properly, you're wrong, very wrong -- there is always a category that you can fit things like crypto into. People not paying tax is considered tax evasion by any law, so crypto will not make sure you're exempt from that. The only thing that will allow you to avoid paying tax, is to stay away from all centralized exchanges that are subject to current regulations, and thus make sure that you legally and on paper don't hold any crypto at all. I made the mistake to completely verify myself at an exchange, which basically means that I can't avoid paying tax. I haven't yet paid any tax, but I will, because I have to....

[andrey111]

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

It's simple - these governments just do not understand all the superiority of the crypto currency. They try instead of supporting, in every way harm. If the whole world goes over to the crypto currency, then how do you steal the budgets of the states?