War on cryptocurrency!

[IgniHash]

Well, maybe the Banks can be worthless if the entire world finally using Cryptocurrency.
We can do transaction peer to peer between people without intermediaries like a Bank did.

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[kolbalish]

Cryptocurrency is most frequent existence as for those who want easy way of income,smart trading, invest in oral and paying bill without permanent documents. That's why government tensed about that cause it can hamper the normal tendency to control a country from everyside.It really a matter of worried cause crypto have some systematic and structural problem.So government can't accept this.

[laravuemaster]

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

Government does not like cryptocurrency because they knew that it was a threat to the banks and they will lose a huge amount of profit from the banks since most of the people prefer bitcoins over placing their money on the banks.

[yusupjatigumilar]

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

because some countries prescribe bitcoin will undermine their economic stability, they hold that if bitcoin is used as a means of payment other than money in that country, the currency of the country will experience a decline in the exchange rate, this is because the country's currency is not used because people do transactions using bitcoins

[mybtcasset]

most of government are trying to understand how cryptocurrency work in the positive environment and collect taxes sooner or later they may regulate crypto currencies

[flashbit]

In any case it is now common knowledge that banks invest in Bitcoin and at the same time make people believe that it is very dangerous to buy it.

The governments have understood that they could not make anything against the crypto, they are delaying the deadline for the moment.

[Kakawate]

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

I think, most of the governments around the world are against cryptocurrency because of one reason, and that reason is taxation. The government made a way to get their share on every single income of every single person within their government, now in the cryptocommunity, which is getting bigger and bigger every year, people are earning big amount of money and the government is enraged because of the reason that they know how big people are earning in the cryptocommunity and yet they can’t take the share that they want to take to even a single person in the cryptocommunity.

[Sirait]

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

on youtube a lot of circulating video reasons why the government why refuse cryptocurrency, they fear later cryptocurrency in use and abused by the terrorists, mafia, drug dealers and corruptors to facilitate their transactions,
I actually think that cryptocurrency can prevent it from being the other way around...

[Altero]

most of government are trying to understand how cryptocurrency work in the positive environment and collect taxes sooner or later they may regulate crypto currencies

That's right, but most of them don't tried to understand and want to be greedy getting more money by collecting taxes. They just want to take control over crypto but they are failed and that's makes them abolished crypto in their country.

[Bitfling]

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

I think its because government or central banks can not control cryptocurrency. But I think right now government not making war with cryptocurrency, i think they make a deal with it because many government start issuing many regulation about cryptocurrency so they can collect the taxes

[Caelanpelley]

There are many different pennies in the money market. Should there be a war between the electronic coins to survive in the market. This currency is valuable when used by many and knows it.

[Daseento]

Not only Bitcoin but cryptocurrency generally are being attacked in most countries. The reason is not far fetched, cryptocurrency takes away the economic power dominated by the government, so government are just trying to fight back. In the future, I expect government to back their paper money with cryptocurrency.

[paulk11087]

Bitcoin is abstaining from the fact that countries are not under their control. Many even go to the road of prohibition. In fact, blockchain technology is an area where countries need to develop themselves, but unfortunately, there is not much investment yet.

[faithupgrade]

This can be half true,  not all governments are against crypro,  actually some of them are huge holders. They are using their power to cast fear in their citizens to drop their  crypto holdings.. Then their whales will simply buy the cheap coins in the floor. 

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

[stephanirain]

This can be half true,  not all governments are against crypro,  actually some of them are huge holders. They are using their power to cast fear in their citizens to drop their  crypto holdings.. Then their whales will simply buy the cheap coins in the floor.  

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

I totally agree that not all governments are against in bitcoin or other cryptocurrencies. Some governments just want to take over bitcoin and most people work and earn money for free that is why governments would like to put tax on it. Governments just do not see what will be the benefit of bitcoin in the economy of a country.

[Ilegendph]

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

on youtube a lot of circulating video reasons why the government why refuse cryptocurrency, they fear later cryptocurrency in use and abused by the terrorists, mafia, drug dealers and corruptors to facilitate their transactions,
I actually think that cryptocurrency can prevent it from being the other way around...

How does cryptocurrency can prevent from doing illegal things? You cannot track the owner of the wallets so how? Government impose regulations so that people couldn't use cryptocurrency for crimes.

[aso118]

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

Government does not like cryptocurrency because they knew that it was a threat to the banks and they will lose a huge amount of profit from the banks since most of the people prefer bitcoins over placing their money on the banks.

It is not just banks which are at risk from cryptocurrencies. It is the entire existing financial order. Central banks won't be able to dictate monetary policy if cryptocurrencies become prevalent. A government may find its own people rejecting the government issued fiat currency. That is what is happening in countries like Venezuela. That is far worse than banks losing some profits.

[ahmad21]

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

Government does not like cryptocurrency because they knew that it was a threat to the banks and they will lose a huge amount of profit from the banks since most of the people prefer bitcoins over placing their money on the banks.

It is not just banks which are at risk from cryptocurrencies. It is the entire existing financial order. Central banks won't be able to dictate monetary policy if cryptocurrencies become prevalent. A government may find its own people rejecting the government issued fiat currency. That is what is happening in countries like Venezuela. That is far worse than banks losing some profits.

basically the governments and the banks are raising a war against bitcoin and other cryptocurrencies merely because of these three reasons.
1. Anonymity: As cryptocurrencies are anonymous, they can be used for illegal activities by hiding the identity.
2. Decentralized: Cryptocurrencies are decentralized implying that they are not backed by any central authority. This leads to the elimination of intermediaries.
3. Loss of power from the government: The government can lose it power on the financial area due to cryptocurrencies.

[East2011]

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

Even though there are so many countries that don't want cryptocurrency in their country. There are still more countries that want cryptocurrency. And i am so happy that my country is starting to accept cryptocurrency.

[carlisle1]

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

Banning doesn't mean war against cryptocurrency,some of them are just making their own policy and rules about this community so in future they will be adapting towards the economy.

And some are banning crypto because they want to protect their people for being target of scamming .