Aristus
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July 18, 2018, 01:44:32 PM |
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Although crypto currency is not yet globally accepted and the number of those who are not yet want to support cryptos are obviously higher than the supporters. But I think the resistance is due to the lack of understanding of many about crypto currency and also because of many scam ICOs. If this thing will be solve if believe there will be great change in crypto world.
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"With e-currency based on cryptographic proof, without the need to
trust a third party middleman, money can be secure and transactions
effortless." -- Satoshi
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kripkiki12
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July 18, 2018, 01:52:13 PM |
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Governments tend to gain as much control as possible usually. The decentralized nature of crypto is against their motivation I guess
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befriendmywater
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July 18, 2018, 01:57:16 PM |
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Governments tend to gain as much control as possible usually. The decentralized nature of crypto is against their motivation I guess
The banking system has existed for a long time and is easier to manage for states in many countries around the world. They can profit from it and hesitate to change the management system for this new kind of technology. This ban is probably the time they want to spend planning to exploit this e-currency more effectively. |
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nealdlover
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July 18, 2018, 02:02:53 PM |
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Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?
I think that because Bitcoin is new and they have not figured out how to manage and exploit it effectively, states in many countries have banned the use of Crypto. They have also seen the potential that Bitcoin has and what it can do. A meticulous plan may be well prepared before Bitcoin is ready for official use. |
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hygroscopicgymnasium3
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July 19, 2018, 01:40:47 AM |
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Many countries do not have this and they do not even want to get into crypto world.
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player514
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July 19, 2018, 03:49:38 AM |
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The bitcoin market is relatively new, so it makes sense why a lot of countries are hesitant to adopt cryptocurrency so quickly. The need for stability is needed for any cryptocurrency. Any currency, even the ones that countries currently use, need to be stable in order to be used as a trusted place of exchange. Due to bitcoin rising and dropping in price constantly, there is no stability and countries fear that Bitcoin may not last for as long as they think it will. The best way to convince countries to start adopting cryptocurrency is through patience. Waiting for stability is the only safest option to show countries the future of currencies, and why they should start to adopt cryptocurrency.
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This area is up for grabs! PM me if you're interested.
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BitcoinCommodor
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July 19, 2018, 11:29:19 AM |
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I think the reasons will be different from case to case but one of the main reasons is that government leaders are thinking that bitcoin and cryptocurrency alllowance will be harming for the economy of countries.
They are only making wrong facts and spreading over the public domain. They are only careful about their own futures. Politicians always have been selfish and they are always tirelessly think about themselves. They don’t want their citizens to get on their own feet because if this would be so, what would be their future. People start hating them as they got independent. |
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knackergays8
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July 19, 2018, 12:31:36 PM |
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The government wants to cut the tax and that is what is the most important thing.
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19Nov16
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July 19, 2018, 01:07:21 PM |
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All crypto have almost identical features that is anonymous and decentralized, the 2 features that are not favored by the state because anonymous can not trace crypto transactions and then decentralization makes the state powerless to control the crypto.
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samtasse1488
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July 19, 2018, 01:10:16 PM |
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Crypto currency can not be controlled, not tracked, in darknet it is used in such opportunities that I described. You can buy weapons, people, killers, drugs. Perhaps the authorities themselves are also otmavayut money in the same way as the mafia and ordinary intruders. The financial component of the country will be unstable will be lost state funds, there will be new money is not clear from where or in another currency.
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chikendrymak4
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July 20, 2018, 03:37:12 AM |
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The countries have different perception and that is what makes them to not chose crypto.
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mornabo
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July 20, 2018, 03:52:31 AM |
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We need more of the countries which has already accepted bitcoin and some of the other cryptocurrencies, in order to another countries to look on them, examine their experience and to follow their decisions.
There are actually some countries that have provided regulation and legalization on bitcoin and crypto, such as united states who see bitcoin as a property and given taxes to it, thats why they give legalization, but it can be an advantage to the country, why many countries still have not follow it? |
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Sofiyah
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July 20, 2018, 04:07:43 AM |
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many countries do not accept crypto. they maybe afraid that crypto can replace the original currency or even many of their citizens who will invest in crypto that could ultimately have a negative impact on their country. maybe they just need a little rule if they want to accept crypto in their country.
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putriliesma
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July 20, 2018, 04:50:32 AM |
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Because of the negative news about Bitcoin spread in this world. Maybe the government thinks Bitcoin is just a negative means that is not good for their country. Therefore it is better not to accept Bitcoin as the currency in their country. And also probably because they think that Bitcoin will mess up their economy.
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turkandjaydee
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July 20, 2018, 05:53:42 AM |
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We need more of the countries which has already accepted bitcoin and some of the other cryptocurrencies, in order to another countries to look on them, examine their experience and to follow their decisions.
Maybe a lof of countries still think that crypto isnt really safe yet and they will do some regulations to it first. I think its just a matter of time. |
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likerseld
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July 20, 2018, 06:27:09 AM |
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I think the reasons will be different from case to case but one of the main reasons is that government leaders are thinking that bitcoin and cryptocurrency alllowance will be harming for the economy of countries.
Harm for the economy of a country is not a problem for governments, but the main problem is that bitcoin is used for black money and also used is criminal activities which are very dangerous. Governments cannot stop this thing and that’s why they banned bitcoin in their respective countries. But it is also good for the rest of the people. |
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microwave
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July 20, 2018, 06:56:47 AM |
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Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?
Most of the time when we do BUY and SELL of any kind of currency Like ETH and Bitcoin all transaction of crypto currency is based on US Dollar, we are not able to charge with our currency because since from the start Dollar basis for Every transaction, you are very sorry if the exchange rate of your own Currency is much lower to Exchange rate of Dollar during transaction of ETH. |
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Dimon8
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July 20, 2018, 08:28:13 AM |
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It is obvious that the governments of many countries of the world do not allow the use of cryptography afterwards so that they can not control the flow of money. The flow of money that passes through crypto does not pass through banks that are controlled by the government. Demand and use of the national currency also falls.
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sheryl26
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July 20, 2018, 08:41:33 AM |
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Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?
Clearly the legislatures of numerous nations of the world don't permit the utilization of cryptography subsequently with the goal that they can not control the stream of cash. The stream of cash that goes through crypto does not go through banks that are controlled by the administration. Request and utilization of the national money likewise falls. |
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