War on cryptocurrency!

[Bitexpert2017]

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

[breathlessz]

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

i think they just have not found a good policy to overcome cryptocurrency. technological developments can not be prevented, and later the government will legalize it, at that time certainly the price will soar

[Rossy Akbar]

Well,  you just makes cryptocurrency sounds so bad, actually some country has denied cryptocurrency as their system not war. Also I think you don't need to worry about that, it's just like some government of those country didn't like cryptocurrency.

[mia khalifa]

it seems the government is very frightened by bitcoin and it seems the government also does not like the existence of cryptocurrency because if there is a cryptocurrency the payments can become more transparent while the government likes the case of corruption.

[xyandrobot]

Because crypto is considered a deceptive investment. a lot of bad news about crypto and rejection in a developing country.

[tumokatok]

I think that is the only problem and too different from what it says that there is a war with both parties. And there was no war between cryptocurrency and the government, I never heard of it. Although there are governments in some countries that do not approve the idea of ​​cryptocurrency simply because the currency is decentralized and they can not control and are not taxed

[Kingjagat]

The Government of most countries are still seeing Bitcoin as a tool that can distort the economy's economic activities of the society just because it is Deregulated and at the same Decentralized. Hence, it is given rooms to Criminalities where indigents or the country's residents are being scammed uncontrollably or uncheckably. The Governments wants to fully support what they have full control over.

I think that's why the government is tense about it because it can hamper the normal tendency to control a country from all sides. This is really a matter of worry because crypto has systematic and structural problems. So the government can not accept this.
Cryptocurrency is the most frequent existence as for those who want an easy way of living, smart trading, investing in oral bills and paying without permanent documents.

[munify]

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

They want to control the bitcoin but they can not control the bitcoin, and therefore they do not like bitcoin. The bitcoin transaction is P2P so the government can not have bitcoin control.

[winterland]

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

Well it is understandable, bitcoin and cryptocurrencies in general are a threat to the way things are and since governments are so powerful right now they do not want things to change, but what they do not understand is that due the mismanagement of the economy it is going to be impossible for them to maintain their power no matter what they do.

[sniper23]

If they want war, then they will have it...

[rainezerr401]

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

War on cryyptocurrency is just the same as war on drugs, they will never kill cryptocurrency because people will be still using it even in the other countries, it was not illegal because it helps people to earn more income monthly.

[fishball]

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

Basically the government wants something from bitcoin like tax since bitcoin is decentralized. They want to earn from bitcoin users to.

[barabarian1]

because the government does not want to lose investors. so they declare war on crypto and want to protect investors from being affected by crypto. if investors turn to crypto then the economy in the country will collapse.

[gowobonyok]

with fluctuations that are considered profitable, but bitcoin is precisely the point with it because it is considered a scam, bubble and the other because the price is unstable and rising and falling prices occur very drastically and in a fast time. besides the anonymous bitcoin transaction, making the illegal transaction opportunity very open. that is what is the reason for the government to continue fighting bitcoin.

[Polkadott]

I think this situation makes the existence of local currency increasingly marginalized and may disappear suddenly and may be the main factor the government takes such actions to anticipate the occurrence of bad things in the future after the digital currency is exploited by the population continuously as a means of payment

[carcas]

Because crypto is considered deceptive and makes many people suffer huge losses. I think it's the fault of the user crypto without thinking to buy crypto. user error cryptocurrency without seeing the prospect of the crypto that is selected to be purchased

[jjjrmy]

I think it is happening because the government are affraid of the impact, that crypto can have on the economic system of a particular country...

[laimaro]

If by war you mean that they are opposing crypto, that is obvious. Crypto makes them and banks weaker and this is something they do not want to happen.

[wxa7115]

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

Quite simply, because they are ignorant and are resistant to change. Also the ground that the governments and banks lay on is being threatened more and more everyday, and thus they must take drastic measures to protect it. Notice though that this type of "war on crypto" doesn't happen in affulent and progressive countries. I wonder why that is?

To call governments ignorant will be to lie to ourselves, governments are trying to ban or regulate cryptocurrencies because they understand very clearly what it is at stake here, their own survival, a government cannot survive without the taxes they get and by the printing machine and bitcoin attacks both, so it will be a mistake for them to not act against crypto.

[setialovers]

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

From what i understand, its a war about currency exchange value and they want make a bigger export value. Like china currency, china always peg their currency againts dollar lower and hoping their goods price will more cheaper and increasing their export