War on cryptocurrency!

[ss890]

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

Lolz, thats not war really. Its just the way they work and trying to save their asses from the crypto currencies. Actually crypto currencies can cause damage to the internal economic circulation in the country. Do you know that crypto currencies are first cause who is driving the fiat currency from the country into the virtual blockchain! Almost billions of dollars are getting poured into the crypto currency and thus it is creating imbalance between the economy of country and globe. This is what government is trying to save. They dont want people to save up the taxes through the crypto currencies and hence the war is on.

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[ranman09]

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

There is a riot between bitcoins and a government that is not accepting bitcoin today with the birth of many electronic coins that make them affect and dominate each other as they will say they are fighting. Each side of the picture, but in fact, they complement each other to grow together

Everyday is a battle for crypto as we dont know what will happen in the market, we better set ourselves updated to know whether we will be able to earn whenver there are fuds, dumps and pumps.

And also be ready to adopt with the new regulations such as taxes. Government is still powerful and if we want bitcoin to succeed mass adoption, it will need to be legal at all forms and cases.

[MDQ]

The government is declaring war on the electronic currency because, compared to banks, electronic money does not help the government, the government can not control people's finances, can not tax personal income

[Gila uang]

The war on cryptocurrency means implementing a strict regulation that prohibits the nations or a country the usage cryptocoin that may affect to the economic stability of a country like China who strictly war against the cryptocurrency development that can cause the inbalance of stock market in a country to the real world. In addition to the topic make in a sense of descrimination that holds the development of digital market into a real world.

I think banning can be an easy way out like what China does but there are also some countries that understand the value of this new industry and they embrace this new innovation with passion.
It actually just makes things so big a problem. Honestly, the government and cryptocurrency should not sleep in one bed because the latter is made to disturb the first. Now, having said that, we have no choice but to deal with reality and the fact is that the power to legitimize, ban, open, kill, or whatever they want is still in the hands of the government. Cryptocurrency is something new and a major nuisance to traditional financial arrangements that many governments worry and worry about.

[laravuemaster]

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

War on cryptocurrency is just the same as war on drugs, if most of the people were prefer cryptocurrency more than fiat then there is no way for the government to stop the mentality of every people.

[paparexon0414]

I thinks its like a friendly competitions or just a mere fact that they want to gain profit of their own. Each country just want to have their own identities as a country and with tye cryptos blooming industry they are riding the wave of its popularity. Afterall they just want to go to the flow of the new era and be part of it so they wont be left behind.

[iASIC]

Talking about  war, it is a opposite side of power, if we site example which of two are more powerful bitcoin or government? Maybe our direct answer is government. But i am doubt why government against bitcoin and declare war? Supposed to be bitcoin is better and help different countries in terms of financial support to their people living. If i am the government leader, i will allow and endorse bitcoin in my country.

In my opinion, the war here is the edge of the coin, today there are so many coin-makers, they compete for each other in terms of quality and benefit, so the electronics market today has a boom. explode in the spirit as well as in the interests of the coin. My opinion should be limited and there is a legal requirement when offering a new penny.

[MiXxe]

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

Because of instead of people investing on usual business which could pay tax, many investors invest in crypto which can`t even pay tax or have any regulations.

One of the reasons why the government will always find a reason to see how they will not stop the war against cryptocurrency. Actually, what most of them are doing now with the regulation policies is simply because the whole thing is totally out of their control but we all know that the governments all over the world are controlling punks and seeing a decentralized environment where a lot of people can easily skip the government bullshit, makes it even more of a threat to them.

I agree with you mate. I think that is their last resort because they couldn't make a way to control cryptocurrency. It will take a lot of time and debate and discussions for them to be able to legalize cryptocurrency if ever. Besides it will require a high level of adaptation if that happens. Many regulations will be created and so on and so forth.

[hastang]

well not all, there are also countries that adopts crytocurrency as part of this economy. mostly europian countries are cryptofriendly nation...

as i have read many messages ang post of out fellow members here and through reading news i have find out the mostly of nation ban BTC only for 1 reason.. the ecosystem of crypto currency as a decentralize system that most nation do not control over it. they are afraid that their people would have no assurance of gaining from this kind of investment. secondly, they cant collect taxes from cryptoinvestors.

[santiPOGI]

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

they are protecting the people, there are many ICO that are scam.
their war with bitcoin is not the same as others.
they want to stop BTC because there is no country who can control it.
and this has the high risk with FIAT, people in cryptocurrency want to replace FIAT in the future with crypto especially bitcoin.

[AjithBtc]

As the entire functioning happens in a decentralized way, governments were unable to keep them under control. Also they can't earn our of it as the governments benefit through the banks. This lets them restrict its usage as well impose hard regulations which at times looks like a war.

[19Nov16]

It must be admitted that the presence of cryptocurrency makes many people worried and afraid; in fact they pay the media to preach negative things about bitcoin so that users become panicked about it, but I'm sure that cryptocurrencies will continue to survive.

[EdenHazard]

As far as I know they cannot hold cryptocurrencies it self because many project, company are making coins or token by their self and government are nothing to do with that so they thinking that they want war to crypto to own it.

Government are trying to control the market of cryptocurrency and they think its possible by making a regulations but in reality they cannot control it, because many big countries are making cryptocurrency legal so basically they cannot control it. Cryptocurrency will be great in the future because it is already supported by the big countries and I believe some country will also make this as a legal currency.

Unfortunately, I have not found the facts you have said (the government wants to control the cryptocurrency market), the problem between cryptocurrency and the government will always be something we sometimes ignore. Many FUDs have set and talked about the government's response to cryptocurrency when that never happens. This is what will be redistributed by us as users of cryptocurrency, and spreading hatred against the government. The problem is we can simplify, the user cryptocurrency willing to pay taxes if the government legalize cryptocurrency, and I think it will be mutually beneficial.

[neliawesome]

Well if its true that the government declares war against cryptocurrency, the main reason is they are too afraid it can affect the countries economy and they cant handle bitcoin and also they cant collect taxes on it.

[Levin23]

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

I do not know, maybe because they are afraid of the negative impact of cryptocurrency .. in this world there will always be positive and negative sides

[developer101dev]

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

Governments will not win on a war against cryptocurrency because almost the entire world wants to use bitcoins, its also the governments fault why some of the people are looking for an alternative way of earning money, its because the salary in the corporate world is very low.

[buy-it]

Actually there is no doubt about this at all for obvious reasons and individual reasons based on each country's perception with respect to this Virtual currency. I learnt recently that Bangladesh had also banned the operation of Bitcoin in the Country while we observe that so many Bitcoin Users in the Country are not happy with this situation at all. Even in some countries where it is neither accepted nor banned or are trying in all ramification to block the Bitcoin Existence in their economy because of its Decentralization and Deregulation which disallow them from controlling the coin in other to generate revenue for the Economy social usages. However, this shall be proving difficult as long as there is Internet facility and until they leave to realize the potentialities of Bitcoin and accepted it other than blindfoldly following the FUDs against the paramount ruler coin.

[aleenoe335]

Bitcoin suffered its worst since the beginning of the year, down 48 percent during the first quarter. The currency of cryptocurrency reached its all-time high near $ 20,000 in December.

[L1looker]

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.

[bowals]

with the increasing rate of exit scams and the wide knowledge that 90% of icos fail. Observing the market, its easy to know that somepeople (whales) are manipulating it for gain therefore the need for regulation