War on cryptocurrency!

[daarul50]

The main reason why many governments declare war on bitcoin because they do not want their local currency to collapse with bitcoin so they anticipate it by the rejection of bitcoin and cryptocurrency.

[Tylev]

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

Governments in fact no longer have the opportunity to declare war on the Crypto-currency and fight it. They could do this earlier, when very few people knew about it. Now too much people support crypto currency and are actively defending the right to use it. Therefore, it is too late for governments to fight against it. They are forced to gradually accept it if they want to remain in power. However, of course, governments do not like the lack of full control over the Crypto currency and this significantly complicates the process of its legalization.

[neonshium]

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.

Yeah you're right, they will not be able to stop cryptocurrency, if drugs damage people could keep walking, let alone cryptocurrency that helps many people to improve their economy? of course crypto will always exist, afterall cryptocurrency runs on the internet, government cannot do much to ban cryptocurrency

The funniest thing is that they are just some bunch of noise makers who keep barking like dogs and no one pays attention to all their bullshit. The community makes up the crypto space, and apparently, since this is a decentralized environment that has grown big globally, I wonder how much noise they will keep making before they eventually realize this is a war they may not actually be able to win. No matter how much each country is trying to attack the space, the more it just keeps growing.

[Cacao2017]

Cryptocurrency co-ops never fought each other, they were run by founders or other regulators, but they basically served the investors of the digital currency community at some point in their interactions. But they do not fight with each other but complement each other

[maitexisi]

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

It is natural for governments to want to regulate cryptocurrencies.

But in my view, all encryption cannot be banned, it is decentralized and there is no central bank to control it.

[Janation]

The main reason why many governments declare war on bitcoin because they do not want their local currency to collapse with bitcoin so they anticipate it by the rejection of bitcoin and cryptocurrency.

From your statement it is like that you are saying all of the government are "declaring" war on Bitcoin though in fact there are a lot of government that are supporting and legalizing Bitcoin in their countries because they know that it might be a good result or a good decision to them. They are open minded to what might happen in the future as they will be accepting crypto currencies in the future.

[intoy_victor]

It sounds more alarming in the situation of the crypto world. These governments are afraid with the cryptocurrency ability to shutdown their own currency. They are afraid because of the facts that it is decentralize and many are using it. Some are alarmed because some transactions are not taxed and slowly it has impacts in their economy. But I do believe time will come where all country agrees on using cryptocurrency in its own special way.

[KorakPawon]

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.

fair if it happens because the government also does not want to lose their own money because when crypto has entered into a country and make as a means of major transactions then the state money will be reduced poppulasi users and even will have no value.

[fight-T]

The most obvious reason for this is that the government fears their currencies are overshadowed by bitcoins, and they fear that bitcoin will rise to the throne and that the currency will be forgotten quickly by the bitcoin's utility and profitability. for investors.

[sicnarfwb]

If you talking about war on cryptocurrency it only focus on competation of Initial Coin Offering (ICOs) in global market.
Government are aware of this kind of technology in which their economy are affected by this cryptocurrency, they trying hard to study and understand the different advantages and disadvantages of this kind of technology. Many countries are already adopted this kind of method in investing, trading, buying, selling, mining at etc.

[breathlessz]

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.

fair if it happens because the government also does not want to lose their own money because when crypto has entered into a country and make as a means of major transactions then the state money will be reduced poppulasi users and even will have no value.

indeed it is one of the reasons the government, they fear the existence of currency displaced by cryptocurrency, which feels there is no feasibility to be the currency, but with the technological developments the government must regulate because of that development can not be prevented

[Mr.John19]

The motivation behind why government war on the cryptocurrency because of the lone spotlight on the negative side of the bitcoin. They don't generally comprehend the great side of the bitcoin. If you don't know negative side of the bitcoin, looking by the administration is the accompanying. Bitcoin can be an instrument for the criminal like money launder. The general population is a trick because of the online exchange they utilize the bitcoin as an apparatus. Drug trafficking, corruption. They can include salary impose utilizing the bitcoin. Because of it, the legislature can't follow those individuals do the criminal exercises.

[megamanexe002]

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

War on cryptocurrency will just continue, just the same as drugs and government will not stop the people because they will prefer bitcoins over using fiat which is not profitable due to the low scale of increase yearly if you are going to place your money on banks.

[lehuong]

Do you think that the cryptocurrency was against each other for the first place, I think that not every cryptocurrence is different types of cryptosystems that are related to each other to contribute to the market today.

[ecnalubma]

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

This is tough year for crypto as most of the countries cracking this industry, but I believe in governments sentiment over regulating this industry to protect its citizens from fraud and scams. Its a good move to consider, cryptocurrency is here to stay and we need government on our side to protect us and order to balance the crypto ecosystem.

[Xtez]

Naaa man there isnt WAR on cryptos. Everyone is hesitant and isnt fully 100% trustworthy on the idea i wouldnt say War.

Regulation isnt war.

[Prodigye]

Whenever a new player comes and threatens the big players such as the banks and the governments, they will feel threatened and attack it in order to preserve their own power.

[West0813]

Maybe they are afraid in cryptocurrency so other countries are starting war against cryptocurrency. I am very thankful that my country is starting to recognize cryptocurrency.

[teleskopta]

Basically, they cannot control cryptos online, since intetnet is very hard to track and pbase it down, it will take time to investigate stuff, specific country is earning lots of money because of bitcoin.

[Cynooza]

Basically, they cannot control cryptos online, since intetnet is very hard to track and pbase it down, it will take time to investigate stuff, specific country is earning lots of money because of bitcoin.

That's true. In order to ban or fully control bitcoin or other crypto you basically need to ban the Internet completely. More and more people learn how to use VPN due to regulations, so banning exchanges won't help governments in long term.