War on cryptocurrency!

[tominsoto]

because banks do not want crypto or bitcoin to be used by all the people and the banking community through its government will definitely make a ban to protect their interests

[DekoliteNom]

they assume that crypto will monopolize currency trading leading to losses of the state, so they take anticipatory steps that they may think are right
or maybe because they are not sure how the crytocurrecy system works

[nyerok]

war cryptocurrency seems the government is fighting cryptocurrency by not accepting and will not legalize cryptocurrency as a valid payment instrument.

[jaocoincrypto18]

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

Because most of these countries that against Bitcoin existence are governed by close minded leaders in which they already judged Bitcoin currency  investment will ruin their country without considering the power of regulation to eliminate their fear but i believed that when the time goes by these few countries that waging war with Bitcoin will lower their pride as majority of the countries that supporting Bitcoin are strong countries that will be a good influence for the others.

[basyang]

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

Really? As of now, I never heard a news like that. I think its just a fake news. But in my opinion in that case, I do not think the government will easily declare a war on cryptocurrencies. Because until now, bitcoin do not do anything violence against the government. Maybe their fight is not what I though in my mind but war on delaying and do not accept bitcoin in some countries. For sure, because the bank is scared that the bitcoin could replace them in the economy and that is wrong. For me, bitcoin is an optional currency that we can use in many transactions we do.

[StarofBTC]

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.

This would happen someday. Right now, some countries have accepted bitcoin in their vicinity and in some countries, bitcoin are under consideration for being legalized or not. But mainly, bitcoin wouldn’t be accepted so soon by the whole world. People don’t accept them so soon because it might be a problem for those who have businesses in gold and silver. So they prompt war.

[Tukmol29]

The government won't accept why they can't control or gain from. The government as a whole is made up of human beings who makes decisions for their people and if the government of that country says no then it's no. Bitcoin will not give them access to people's account, again it will be difficult to collect tax and monitor transactions since it's a personal thing.

[Hughes_Ryan]

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

Maybe the government is studying the bitcoin taxation. During this time, the government will ban the bitcoin because the government has not yet controlled bitcoin. That is my opinion

[romero121]

Governments or any other private parties weren't declaring any kind of war against bitcoin or the cryptocurrency. What they do is just regulating the usage fearing to the cryptocurrency, because of the decentralized state. Possibly this will change as some governments have researched well and known much about the need for Cryptocurrency.

[Howard1102]

I agree with you. The government does not yet understand bitcoin and electronic money. They think it is dangerous because they can not control bitcoin. All people use bitcoin to invest, and the government will never can forbid everyone to stop investing in Bitcoin

[PayneCharity]

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

At this point in time, many governments are gradually accepted Bitcoins. In spite of the fact that some countries have banned bitcoins. But they can not ban people from other countries from investing in bitcoins.

[SvonioneFromMangoCoinz]

Nothing new, just governments trying to rake in more money. Happened many times before.

I agree with you; the government wants to make more money from electronic money. They want to control electronic money so that they can impose tariffs on transactions in the crypto market.

[nazaididuan1]

The cryptocurrency is based on characteristics that are not controlled by the government, are relatively anonymous, and are difficult to trace. Hacker attacks occur frequently and the price of cryptocurrencies has skyrocketed and plummeted. Investor protection is still in a regulatory vacuum.
The government lacks effective supervision means!

[Okrah]

The government won't accept why they can't control or gain from.

Definitely true and that is why government are wagering war against cryptocurrency. I bet they are cryptocurrency fan seems like the government is always following the market cap volume of each crypto in the market. Maybe they get envy with it so they want to control over cryptocurrency and for the government to gain. However, it seems that they are having a hard time in their battle against cryptocurrency.

So they prompt war.

Yet they had a hard time on their battle and aside from that there are people in the government who is also secretly getting involve in cryptcurrency especially after they had gain some knowledge how one could earn on cryptocurrency.

Really? As of now, I never heard a news like that. I think its just a fake news.

Fake news or not we all know that government in some countries are stepping in to control the cryptocurrency on their area. It could be good if they do to secured the investment of their people in cryptocurrency but they have no actions on it. The government had given only license to those local exchange tax on them. The local exchange will then eventually pass the tax to its clients. Sad life!

[boksoon]

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

Actually this is not a war on crypto currency this is what they build for the people become convenient when it comes to make a fastest way of transaction using digital virtual currency they are tying to introduced their Flatform giving a potential generating a good income wanting to be first choice of people to use as digital currency but some other crypto are not succeed their task and eventually not available and the others are forced to shine giving some good promises. but the number one crypto currency dominant which is until now continually their service is BITCOIN.   

[MiukoOk]

Do you think the cryptocurrency will war with each other? They are not fighting but investors are their inner battle, they will have the choice to choose their own type of cryptocurrency that can help them trading well.

[OrangeII]

Do you think the cryptocurrency will war with each other? They are not fighting but investors are their inner battle, they will have the choice to choose their own type of cryptocurrency that can help them trading well.

even this can not be called a war. there are still many countries that support the development of cryptocurrency. although many refuse crypto, but some of them also work together on it, and try to benefit from it.

[Cosbycoin]

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.

Yes definitely Banks and governments are afraid of cryptocurrencies that's why did decide say two block or removed from their current countries but it is not possible to block are all the countries in the world because cryptocurrencies are more powerful than other currencies it is built up with no one else so we cannot do anything against Bitcoin are other cryptocurrencies.

Crypto market is independent of everything influence or external force and are safe from any kind of involvement. It is a safe way of making frictionless transactions and the whole world is using the crypto market cheap technologies and making transactions within seconds.

Even if war starts the crypto market will affect on one side and that is to lose users of cryptocurrencies because we know that in war people die and same here war will affect in this.

[Wilfrer]

I think this war has started long and never ended. It is difficult for the government to control and manage Bitcoin. It makes them lose too many benefits and make the bank worthless. So they have to forbid it. However, it is completely anonymous and confidential. So, there are still a lot of people using it although it has been banned. I believe this war will continue in the future and will never end

[t2yax]

We can see how the government control cryptocurrency now. We see how the cryptocurrency competition is. We know how was the cryptocurrency war, this war can be centralized. Government and economy of each country can control cryptocurrency. Handling cryptocurrency is one of the hardest part if the government shall not patronized it.