War on cryptocurrency!

[RasicaOla12]

The altcoin has its own characteristics and features the individual investors can choose one of the coin that they think is potentially profitable.. what do you think?

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[BTCHopeful16]

No matter the wars or fight, I believe cryptocurrency will succeed.

[yatogami]

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

All normal well-developed countries are accepting crypto, and "war" is being declared only by backward governments that cannot provide economic stability for their citizens.
China is a bit out of this trend, but everything clicks into place when we remember that China is ruled by communist party - the one that has always wanted to gain full control of all the activities going on in the country.

[Andrej Peiboski]

It is obvious that the governments declare war on the cryptocurrencies, because their effect will be much more political than economic.
At a time when states lose the power to control money, everything changes.

[Brunus]

Since the world exists, wars are waged to obtain the dominance of a territory; today most of the wars have shifted commercially and economically, but they have certainly not ceased.
Obviously, the old institutions see bitcoin as a danger to their perdominium, and obviously they make war. That's all.

[Sarastiche]

Government globally want to ensure they are in firm control of all that has to do with economic sector of there abode, also crypto has been term as a sector that encourage arm acquisition and thereby increasing terrorist rate which will have a negative impact in the world globally.

[marcbitcoins]

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

I think the government officials of those certain countries are close minded persons in which they only see the negative aspects of it and they did not see the great advantages that could be earn if they support the Crypro currency existence. Perhaps, they just ensure that no more illegal activities will be added in their problems as Bitcoin can be use in illegal activities too.

[tubig123]

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

I think it's important for them to have profit from this and at the same time that it does not violate the balance in the state. But with the appearance of crypto-currencies and their settlement as for me it will hit hard on the banking system, that's why everyone is still afraid.

This is correct we need to be calm and focus in cryptocurrency because we had a future plan with this especially in this programs and I think war is not the reason to solved our economy crisis just stand up and developing the profit which is good for the people assurance.

[kr105]

While many governments declare war on their cryptocurrency, they also speed up their work on blockchain and cryptocurrency. I think, governments prevents cryptocurrency from growing in a variety of ways, since there is a market that fast grows bigger when governments don't.

[Dinomoves]

I think they are at war because they don’t know much about cryptocurrencies and how it could benefit them. Though their focus most of the time is to take tax upon every investors. If they are on war with cryptocurrency, I think they have to know well their opponents to take advantage of it. Hoping that eventually cryptocurrency is not an enemy but an ally for a better economy.

[Layers318]

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

There is a hidden motive behind these attacks coming from the governments. It is now very obvious that the governments are not siding with crypto because they are scared of the kind of power it gives to the people. Crypto offers financial freedom and elimination of any authoritative central body which controls transactions. The governments always want to have this kind of power.

[orayorayan2]

is it true? do you have strong evidence of your statement, the government in some countries does not forbid or has not received bitcoin but for the war it has not happened, because if it really happens the government has made strict legal regulations, there will be sanctions and certainly many people have been charged because there are so many people joining here

[Cupomi]

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

This is very understandable because bank services will be eliminated by itself if cryptocurrency is legalized, banking services will begin to be replaced by Crypto as an example only interbank money transfers will definitely be charged, taking money through an ATM will also be charged and other services, all will be replaced by the convenience offered by bitcoin and of course the many conveniences that businesses can get, especially buying and selling between countries, and the government will have difficulty applying taxes to bitcoin, of course the banks in the country do not want to lose the source of income they enjoy during many years.

[DEGREE07]

Governments don't comprehend Bitcoin and need to control it. The facts confirm that Bitcoin and different digital forms of money will be troublesome to managing an account as we probably am aware it. This makes them need to keep Bitcoin down. Governments likewise need to ensure they get their assessments from us also.

[imstillthebest]

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

This is very understandable because bank services will be eliminated by itself if cryptocurrency is legalized, banking services will begin to be replaced by Crypto as an example only interbank money transfers will definitely be charged, taking money through an ATM will also be charged and other services, all will be replaced by the convenience offered by bitcoin and of course the many conveniences that businesses can get, especially buying and selling between countries, and the government will have difficulty applying taxes to bitcoin, of course the banks in the country do not want to lose the source of income they enjoy during many years.

lol thats funny . local banks wont ever be replaced by so called cryptocurreny because bank is the only legal form of monetary system .

 we cannot issue a fiat if we dont have banks and we cannot possibly buy a crypto if we dont have a cash just because we eliminated it  , so do you think the cryptos will still have thier value ?  no right ?

war on cryptos is possible ( i.e if bitcoin have a competitor ) but  war on  a country caused by a cryptos is not believable .

[Md. Sarwar Hosain]

  This is just becoming matter of anger for most of the people around the world where Cryptocurrencies are becoming very much prohibited by their central governments. With ever changing regulations which are becoming even strictest for the cryptocurrency. I am glad sure that people have already began abhorring government for it. All are liking the cryptocurrencies at one point where they can pour currency into it and earn much currency from it. However government is going to come their way and thus halting most of these operations in the method. Now if anyone observes such kind of impression from the government. Then, they will obviously fall for the enrage and may see it as disgust decision made by the government that country. Tongue Tongue Tongue

[usorin]

For the governments this is something new and they don't have the necessary tools to control or at least manipulate the market in their interest. Right now it is not a war but instead it's a no recognition situation. We shall see how will this situation evolve.

[Daseento]

Cryptocurrencies generally are emerging technology which the government is trying to figure out a perfect way of adopting it into the main economy. There are also other areas of concern such as tax evasion, money laundering etc, which government wants to block.

[paulspider]

Cryptocurrency has been on a fight in most countries nowadays. Bigger countries tend to lose massively since its citizens might invest much in bitcoin  and other alts with the ezpectation of stabilization.

[katrimans]

If governments are open to crypto, their country will attract talents and tech skills and far more tax income due to booming innovation wealth.

Well this is a reality and we can take examples of countries like Canada which allowed trading in Bitcoin in the start and till 2013, we had so many innovations around Bitcoin like the BTM which is a Bitcoin ATM. This attracted many people and all of those who would use BTM would actually give away a small fee for using the services and out of that fee, a portion would go as taxes to the government. There are numerous possibilities.