War on cryptocurrency!

[airdrophunter]

War on cryptocurrency will never cease not unless if these countries who are regulating or banning the cryptocurrencies will finally realized how important or significant cryptocurrencies in economic growth of a country. But since that's how they perceive cryptocurrency being a threat to their economic growth, then so be it.

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[DMCR lah]

News like this is what makes the bitcoin prices become plummeted and very influential on the price of bitcoin and other coin-coin gan, for example the first time the news china forbid its price bitcoin dropped dramatically, I think news like this is very influential on the price bitcoin

[no0dlepunk]

There is no such thing! There was no war against crypto, what they have is a challenge on how to make money out of people who are INTO cryptocurrency.

[sepeda karat]

Cryptocurrency such as bitcoin, which is decentralized and unsupported by the government, is a highly unstable asset.
Charles Hayter, chief executive of CryptoCompare, said investors are likely to flee to safer investments as protectionist fears persist.

[gambitcoin53]

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

Governments don’t understand Bitcoin and want to control it. It is true that Bitcoin and other cryptocurrencies will be disruptive to banking as we know it. This makes them want to hold Bitcoin back. Governments also want to make sure they get their taxes from us as well.

everybody is afraid of the unknown, govts are banning bitcoin because they cannot penetrate blockchain technology, they are banning biycoin because they cannot taxed it, they canno identify the users, thanks to the algorithm of bitcoin system, it is intended not to be regulated, it is designed to be anonymous.

[pellor mas]

The meaning of seigniorage is the difference between the cost of printing money and its nominal value. In the age of banknotes, the cost of printing money is negligible, and the government has a monopoly over printing money, so it can get all the seigniorage. It is inconceivable that governments should hand over revenues and virtual currencies like bitcoins. In fact, no government has any reason to let that happen.

[RasicaOla12]

Digital coins are a healthy competition for one another, complementing each other's missing attributes and, importantly, giving investors the opportunity to choose.

[thegreatdodoy]

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

I think this is just a speculation trying to destruct the image in the world market so bitcoin will again fluctuate to a very low price so they can buy a lot of bitcoin.

[Lyne01]

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

I think this is not happening because I dont read or see any news about that. They are not declaring war over cryptocurrency, they are just making regulations to protect their people and their money. Do not overstate what is really happening now because it may affect the bitcoin community.

[bitcoinFPT]

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

Many governments banned bitcoin for the following reasons:

- They have not managed bitcoin, so they are worried that they will be losing revenue from bitcoin
- they are afraid that their citizens are cheated, lost in digital money transactions because many investors even if they have no ide of what they are dealing with
Picking the wrong time to buy and sell will cause them to go bankrupt causing the consequences for the national economy
For developed countries like Japan..., they are allowing crypto curency to use in public with taxation and big regulation system, this is the way to help the development  of the country
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[bocyaj]

The first fear of government is ,If the crypto currency replace the FIAT.The economy of that country will reduce and government will face the financial issues.Inorder prevention is better than cure concept,government start to ban the crypto currency in Advance.But they can't control the usage of bitcoin in their country.

[Similificator]

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

Well, that is completely natural since they have close minded minds and often just go and judge every single thing including cryptos without even verifying what they think or if it is true or not. they are trapped and beyond saving. all we can do is watch them and try not to care because there is no good convo with a closed mind.

[webdevmastery]

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

The government does not really hate cryptocurrency but they hate the way how bitcoins is affecting their own business, if people will focus on placing money on cryptocurrency then government will have low amount of funds since bitcoins does not have any taxes applied on it.

[beginneraf]

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

The government does not really hate cryptocurrency but they hate the way how bitcoins is affecting their own business, if people will focus on placing money on cryptocurrency then government will have low amount of funds since bitcoins does not have any taxes applied on it.

Very well said! The government's way of earning for a living is the taxes that it could get from the citizens that is why they rely on FIAT. If all citizens would use bitcoin, the government will have a hard time implementing tax laws a take taxes from the citizens. It is still a major issue till today.

[PacePay]

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.

But now that war is ended and now the governments failed in that war because the SEC has announced to the governments that bitcoin is the future and it will work in the coming digital era and they announced that now any regulation will not be made by any governments which will harm bitcoin. Now after that people do not worry that any government will harm it and after that the market of bitcoin is much better.

[kodtycoon]

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

I guess that's not true, because right now governments in many countries are fighting terrorists! I do not know what's wrong with crypto so the government declares war on crypto, crypto is not something evil and crypto is not something that harms the crowd. Crypto has a unique appeal I guess, so fighting crypto is not very feasible and it's not something nice I guess.

[joebrook]

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

Not every country is declaring war on cryptos. Some countries like Japan which is the hub of the crypto currency world is the best place for cryptos. They have regulated it to the extent that they make money from crypto users.

[sirminesalot]

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

Not every country is declaring war on cryptos. Some countries like Japan which is the hub of the crypto currency world is the best place for cryptos. They have regulated it to the extent that they make money from crypto users.

when we see the country and also yesterday in the G-20 Actually many countries are not refusing. but they are natural in the perception of opinion towards cryptocurrency. this signifies not a war. indeed there are some countries that hate cryptocurrency

[valentine401]

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

They can start a way but they will never win just like drugs that they can remove in their own country, cryptocurrency is helping the lives of different people so they will not be able to stop people because it was a good thing for everyone.

[andrei56]

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

You are exaggerating, it is true that lately we have seen many governments implementing regulations to the market of cryptocurrencies and even if we do not like it, it was obvious something like that was coming especially if we take into account the huge growth that cryptocurrencies had in the last quarter of the previous year, but  that does not mean that a more open war against cryptocurrencies cannot start in the future.