War on cryptocurrency!

[wahyu wida]

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.

i think it's not lost, but they are required to be patient to wait until price improves again, because at first bitcoin price fluctuated, and bitcoiner had to know it at first

[binhvo1505]

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

Because money is a tool to support those who want to evade taxes and money laundering. That is why many countries in Asia levy taxes on electronic money to reduce the number of people entering the market.

[fivejonnyfive]

I am not sure how much governments understand what crypto is, and so how to handle the situation. I personally do not think there is such a big war against crypto, at least not yet.

[Howits]

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.

In 2013 i heard that government are trying to down bitcoin its 2018 bitcoin is still UP and the price is keep increasing. We should invest as much as we can not to afraid about wars government never win.

[geberger]

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.

No matter what government do they'll fall down. There's no chances of wining against bitcoin i know government want to control bitcoin's price so people can pay tax to them but all in vain. Government can't win.

[sudip76]

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

I think they don't know what is cryptocurrency is. And another thing is market manipulation. big players manipulate the market and small investors loss their money.

[Brunus]

Frankly, now more than war I see disinterest; this winter to the usual powers it was necessary to stop the advance of the crypto, to understand what to do.
But now that the situation is stagnant, nobody talks about it anymore.

[MetalGear]

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

The word war is inappropriate to used maybe they are not interested to this. Maybe they don't have any knowledge about it and they feel unsecured because of the hackers and scammers.

[abduramann]

Since they cannot control the money flows. This is similar to that they do not like end-to-end encryption in the messaging apps.

[Angry_Bird]

They are frightened that BTC may affect their economics. Also many countries are not ready for such economical power; blockchain may be seemed as a threat as well.

[BitWindmill]

Maybe because they think that crypto may put some kind of a threat for their influence and power? That's reason I guess.

[Core.BUSTER]

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

This is an overstatement since most of the countries doesn't have any statement about it. Maybe the governemnt of difference countries is reviewing how the cryptocurrency works and plaaning to introduce it to ther constituents. Let's stay positive about the outlook of the govenement in cryptocurrency.

[icecream sandwich]

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

I think because this bitcoin might affect the circulation of money in the government. Crypto is a threat to government because it has the ability to remove the tax of the people that were going to use btc.

[Tatsuyashiba]

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

in my opinion this cannot be said to be a war because from the crypto side it did not do anything, maybe it could be said that the government regulation was more concerned with crypto's negative because at first it was used in deepweb as an illegal payment instrument because the nature of BTC itself was anonymous

[agentx44]

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

I think the reason why many countries declaring war on cryptocurrencies because they think many people are using cryptocurrency in their illegal activities like scams, that is why a lot of countries are banning it to stop tricking people to invest their money in crypto.

[Gabb]

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

The word war is inappropriate to used maybe they are not interested to this. Maybe they don't have any knowledge about it and they feel unsecured because of the hackers and scammers.

I do not agree with you, because the attitudes of many governments have been openly hostile against cryptocurrencies, and there have even been express prohibitions and harsh punishments against those who dare to trade, develop or simply possess crypto-currencies, and this can be called "war".

But fortunately this has only happened in a few countries that have been unable to react adequately to the technological advances of our times, because it seems that the global trend is toward greater openness, as the countries that make up the European Union at the meeting in the middle of this year.

[Norihiro]

Governents are pretty sceptical when it comes to new things and technologies and it is well understandable, they have to protect billions of people and they can't risk much actually.

[liennhung345323]

It seems this is a bit too. Many governments have accepted cryptocurrency and have legitimized them but there are also some governments that have not yet accepted and are unwilling to accept them for a variety of reasons.

[Lorin]

One reason that government are against bitcoin because they always think that btc is used by many for illegal transactions. They cannot trace bitcoin transactions and also they cannot put taxes on it because of being decentralize.

[peacefulpeace]

the governments are declaring war on cryptocurrency because of the fact that they cannot have control over digital currency, the fact is, the blockchain backed digital crypto currency will enhance transparency in the way transactions are done and these corrupt politicians will do all they can to make sure the initiative doesn't see the light of the day, but guess what? it a lost war, the government has lost this war, cryptocurrency is here to stay, irrespective of what the government want.