Is the government really scary?

[yesyes18]

Well, tentatively the governments say they are doing that to protect cirizens from fraud. Well, Sometimes they might be right because the scam in crypto was high though I think the current market situation is reducing the scam and fraud. But one thing I have realized is that the governments now know that they can also get something from us who're in crypto (tax and maybe the tech) so they've started embracing crypto with regulations.

[Smitt]

The government banned the entry of the crypto world due to the absence of a tax regulating for crypto money, in the presence of taxes, the government benefited the state treasury in developing the government system. With the tax may have a negative and negative value is used for the benefit of the state and of course, also positive effects are felt for the whole community. Like any investment, there is a tax to pay fees in transactions, but some countries are very risky and not open in regulating the income tax money to the public. If the government supports crypto entry, it is possible that this will improve the country's economy in setting up a good financial system.

[Thewolfofcrypto]

I think that the lack of centralized control over the processes is the main reason why governments are afraid of cryptocurrency. They are troubled by uncontrolled emission, or, more precisely, by the inability to influence the issuing center, since it does not exist - the release of the cryptocurrency depends on the system itself.

[South Park]

Well, tentatively the governments say they are doing that to protect cirizens from fraud. Well, Sometimes they might be right because the scam in crypto was high though I think the current market situation is reducing the scam and fraud. But one thing I have realized is that the governments now know that they can also get something from us who're in crypto (tax and maybe the tech) so they've started embracing crypto with regulations.

Of course they are going to say that, governments always lie and deceive their populations, sometimes they do it for the greater good and sometimes they do it for their own benefit, and they are doing this for their own benefit they understand very well they need to restrict access to cryptocurrencies before things get out of control, but they will fail because the management of the economy they are doing will crash it and bitcoin will be there to help all of those that want to adopt it.

[victorski]

I don’t know what would I do, if my county will ban cryptocurrencies, but for now, as far as I know, my country is positive towards crypto, they did not made any decisions yet, nor negative.

[stellgod]

Of course they are scared. One of the main pillars of any state is a single currency and full control over the money issue. Crypto destroys both of these postulates. From this all the ridiculous popts of regulation of the market will emerge.

Not only that in the past currencies needed to be backed by a certain weight of gold but that was removed long time ago thanks to both world wars, so now countries can print as much currency as they want, bitcoin not only takes away their control over the currency it takes away their ability to tax your income and even worse their ability to tax your wealth through inflation.

I think they are afraid of getting nothing from people tax. Right now, they are doing corruption and no one is there to stop them because they have got resources in government officials so they are eating up people money. But when bitcoin would be the currency and everything would be noted and detailed, how can they corrupt the tax money. This is the problem and they are avoiding the case.

[stewert]

In my country, initially the government strictly forbade the use of bitcoin and considered illegal bitcoin, violating the law for having no rules about it. But since people in my country are starting to use bitcoin and some think that with its bitcoin economy getting more upturned than ever before, that person starts to shift. No longer using my country's flat currency. He prefers bitcoin. The government that knows it, suddenly surprisingly took a new policy. That they want to trade bitcoin and recognize that bitcoin is legal and legitimate money. If so, the taxes will apply and apply. The government will take advantage, although initially shy and fearful.

[Vanhoang2000]

Some governments banned bitcon because they did not want bitcoin to make them more difficult to manage as well as it would cause them to have control and management problems goverment not really scary

[Joe103]

I think it is very common for people to be cautious in dealings with the government, although it does not imply they are scared of the government. But, there is a limit to every man's resistance, when the people can no longer endure, they may result to violence. But violence is never the right option.

[everythingforsale]

Most likely I would say that the government's are just not enough educated and not scared about cryptocurrencies, because they're above are sitting that they're stupid people.

[Ampong2121]

For me NO because they dont know how to manipulate the system of bitcoin. If government can do that, banned and hack the bitcoin i think they already do that before, but because its hard to manipulate bitcoin still exist. And it will exist more, and grow more.

[Harrisonimo]

I believe government already understand the present control with which they are operating at the moment being in full affairs of power. Cryptocurrency on the other hand will be decentralized and giving power or autonomy to individuals which will be readily overruling the government's relevance and purpose. So, this act is scary to the government and will not want the cryptocurrency to take over.

[basty03]

They not scared they want only to protect their people to fraud like scamming and hacking because of crypto that's why some country don't adopt bitcoin to their country.

[Ava Duvall]

of couse it is. they contol all of your life aspects. how can it ot be scary? we are dependent on the government

[ethereumhunter]

maybe the government is afraid of cryptocurrency because they cannot control it directly and they can make something as they want. it is a new technology that they don't get involved but soon, I think they will create the same technology with using blockchain technology so they can declare their blockchain is good enough comparing the blockchain technology. but I think people don't like what they offer and they still prefer with blockchain technology because with blockchain technology, people can watch the transaction they made and they can manage their own balance so nothing be worried for them.

[kenziefried]

I don’t know what would I do, if my county will ban cryptocurrencies, but for now, as far as I know, my country is positive towards crypto, they did not made any decisions yet, nor negative.

Perceptions of countries are different on the Bitcoin because some countries banned it due to its unstable price which will manipulate the finances of people and country besides which it will cause disruption for banks. So these seem different than those countries where the Bitcoin has a proper system designed by their governments due to which other neutral countries are also coming towards positive perceptions.

[billionaireSHS]

Maybe in somepoint, because we all know that many news about scam was already released in many countries  and many people was became a victim of it. So in that case the government was afraid to deal with bitcoin in order to protect their citizens. In addition, the government also thinks that if they legalized bitcoin in their country not all people can access it.

[Marlo0619]

No. Government is not scary at all. They are just wise and powerful. they are powerful because they have a lot of money. As we can see today, there are lots of countries which their government are corrupts and involves in crimes. If we have so much money like the government, then we dont need to be afraid. If we use and invest in cryptocurrency  like bitcoin, we will be richer than them if we get our income. Remember that bitcoin is a legit cryptocurrency. Not a scam.

[herrzinfakt]

Killing someone for this kind of stuff can cause a major uproar nevertheless it still happens and we probably will never know when it does or we might. The government definitely wants to be involved in crypto business as it is a business and they can get money out of it. Government involvement might imply they are protecting investors and also stealing at the same time. In developing countries, it might be more of the stealing since this kind of stuff can go past the citizens and nobody can do anything.

[kafnan]

I think no. We should understand government policy. But the main reason is media.if  They talk about some thing for sure government will handle and in this case government might be scary.