Why are governments biased towards banning Cryptos?

[rancidgash]

I think, because the government has a wrong understanding of bitcoin, they really think bitcoin cannot be regulated, Actually, Bitcoin is no different from other devices or resources that can follow the rules that apply in a country.

That is why we need to wait a little bit more till goverments will find out what crypto exactly is, than it will be just matter of time when first, hopefully possitive moves will be made.

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[BitCent Exchange]

Why are all governments pro AI and are so against cryptocurrency? AI has been often conisdered as a threat to humanity but governments use it extensively but blockchain is the best thing that is ever happened to us humans and why do governments hate it so much? They are okay with driverless cars moving around streets but are not okay with currency that will make us more independent? Why this bias?

I think because they are powerless in crypto.

[marcbitcoins]

Why are all governments pro AI and are so against cryptocurrency? AI has been often conisdered as a threat to humanity but governments use it extensively but blockchain is the best thing that is ever happened to us humans and why do governments hate it so much? They are okay with driverless cars moving around streets but are not okay with currency that will make us more independent? Why this bias?

Actually not all government are against Cryptos because the truth is only few countries are against Crypto existence and most of them are belong to 3rd world or small countries that cannot influence the other to do the same too. Almost most of the powerful nations are supporting Crypto existence therefore we should ignore these few countries because they are really blind to see the true benefits that they could get if they will just support this investments.

[LordShanken]

Why are all governments pro AI and are so against cryptocurrency?

For me it is not that every goverment is thinking about banning crypto, they just haven't got enough knowledge to move their law/ regulations to any other way that this is now, for me it will take some more time to see any changes in this point.

[Kira_lapa]

First, a completely decentralized network is difficult to link to the legislation of any particular state. Secondly, the philosophy of the crypto currency provides for not just deregulation - it involves the rejection of the law in general, the replacement of legal means in the relations between people by technology.

[bajigur894784]

Crypto that using blockchain as a digital network, where every single transaction called a block is securely linked together makes transactions verifiable, available to everyone and is more immune to hacking than centralized banks. This makes central authority totally unnecessary for transactions. This is what motivates them to ban cryptocurrencies.

Cryptocurrencies are self-governed, meaning they are not controlled by any government, person or a central authority. This makes crypto considered a threat to government authorities.

I think that's why the government biased towards banning cryptos!

[Taki]

What is Al? And why do you tell 'all countries'? As I know position of every country is different to bitcoin and crypto in general. From total unwelcome as in Bangladesh and Petro currency in Venezuela. You just can't asum all countries together and in fact there are much more countries which still didn't choose a concrete strategy about crypto.

[Aikidoka]

If you do not like someone, you will talk about him in a negative way, unless you are hypocritical and love to fake it. That is the same for the government who opposes cryptocurrency in general. They hate it because it is a threat to its economy system. That is why they are against it and would do anything to bring it down. They just want to oppress you and make you obey them. It is not only about cryptocurrency, but everything in our daily lives. They want to manipulate you and control you to whatever they like. And if you oppose them, they will try to bring you down at any cost.

[Girlsbit]

Why are all governments pro AI and are so against cryptocurrency? AI has been often conisdered as a threat to humanity but governments use it extensively but blockchain is the best thing that is ever happened to us humans and why do governments hate it so much? They are okay with driverless cars moving around streets but are not okay with currency that will make us more independent? Why this bias?

They want everything to be as they want, but it will not work with bitcoin.

[Nayborksta]

Well you have already answered you question when asking it. Who siad that goverments want all the best for us? They want to know everything about you and cryptocurrencies are making it harder for them to achieve this knowledge.

[Indrawan77]

Crypto could be the threat to the country's economic and the government doesn't like anything that they cant supervised, and the situation got worse when people do money laundering and tax evasion using crypto, every single crypto benefit doesn't really give benefit to the country, it only give benefit to the person, so no wonder the government doesn't want to adopted crypto, but blockchain is different one day there will be a lot of sectors adopting it, now the government still do research to implement blockchain

[Zalura]

Why are all governments pro AI and are so against cryptocurrency? AI has been often conisdered as a threat to humanity but governments use it extensively but blockchain is the best thing that is ever happened to us humans and why do governments hate it so much? They are okay with driverless cars moving around streets but are not okay with currency that will make us more independent? Why this bias?

strong reasons that might be a reference, the government does not want to lose control of their currency turnover if the government approves the cryptocurrency

because the bitcoin currency system is very confidential and very safe, and until now there are still many countries that still prohibit it, and the big banks will losing their money tree because one of the convenience in bitcoin transfer system between countries does not need a bank, does not require a complicated process and it can be ascertained that market participants will be facilitated, will impact on large banks they will lose a lot of income.

[Vishnu.Reang]

My government have their reason.

As we know bitcoin currently $ 6000 and as investment tool it's a great value because it's high enough to cause inflation on my country because my country getting weak against dollar from time to time !

Here in India, a lot of people purchased Bitcoin when the high denomination banknotes were demonetized on November 2016. Government authorities noticed this and ever since that incident they are adopting a very hostile stance towards Bitcoin and other cryptocurrencies.

[magneto]

Why are all governments pro AI and are so against cryptocurrency? AI has been often conisdered as a threat to humanity but governments use it extensively but blockchain is the best thing that is ever happened to us humans and why do governments hate it so much? They are okay with driverless cars moving around streets but are not okay with currency that will make us more independent? Why this bias?

Depends on the country that you're talking about.

It's definitely a generalisation to say that every single country globally is anti-crypto, while every single country is pro-AI. Simply does not work like that. Some countries hold neutral positions in regards to crypto policy, others may be anti-crypto. There is a spread of national interest in crypto across the world, on an individual level.

For countries who do have harsh crypto laws, I think that there are three main reasons. One is that it takes direct control out of their hands when it comes to monetary policy. Secondly, there is a fear of tax evasion using crypto. Thirdly, there may be irrational fears of crypto being used as a currency to facilitate illegal transactions. But honestly, these concerns have all been debunked before, and I believe that for their own good, countries should at least encourage crypto businesses and regulate these businesses, instead of just flat out trying to ban it.

[Madara_Uchiha]

Because so far it is not beneficial to the state. If the crypto currency is legalized, it will be easier to fight corruption and prevent theft from the state budget.

[Tigorss]

Why are all governments pro AI and are so against cryptocurrency? AI has been often conisdered as a threat to humanity but governments use it extensively but blockchain is the best thing that is ever happened to us humans and why do governments hate it so much? They are okay with driverless cars moving around streets but are not okay with currency that will make us more independent? Why this bias?

Governments are afraid of what they can not control.

Of course governments hates what they can't control. Specially how big crypto is right now, just imagine millions of dollars going in and out of a country with the government helpless against it. That's why they wanted regulations, AML and KYC implementation and other steps to curb out anything related to crypto. China said that their decision to go hostile to crypto is effective, but I seriously doubt it. While Japan continue to step up and be the leader on crypto sphere. So we can't say whose winning right now. I guess this will be a ongoing saga for Governments to either adopt or reject crypto.

bitcoin has an unstable value and does not include legal tender. Bitcoin is not an asset that can produce great value. Prices that cannot be predicted can create bubbles or bubbles in the economic system.

[Rustamm]

we all know that Bitcoin is a virtual currency that is stored in digital form inside a wallet. Bitcoin storage. Bitcoin Wallets can be tablets, smartphones, computers and laptops that are all very vulnerable to viruses. And it will fall prey to theft by hackers, and this is the main reason the government has banned bitcoin.

Governments are not so worried about their citizens that, because of the danger of viruses and hackers, they prohibit the circulation of crypto currency. The government can not control cash flows in the decentralized crypto currency. This is the main reason why they do not want to recognize it as legitimate. There are other reasons: the decentralized crypto currency does not belong to any state, no one for its circulation responds, it is not provided with anything and therefore has high volatility. This circumstance is a very big obstacle for the introduction of crypto currency into business. Probably, not the least role is played by the high cost of crypto currency, in particular, bitcoin.

[ahiaba.john@yahoo.com]

The are so may reasons for Government actions against crypto currency. Most of the nations government are very greedy and therefore do not want ordinary people to get rich since they can not regulate or restricts it. Government have no power to appoint who would head the influx or transaction of crypto currency and most case they they appoint their own person in the term of hings like that.

[KorakPawon]

one reason why the government banned bitcoin because it is unclear which admin is responsible for bitcoin, is very risky and full of speculation because there is no responsible authority and there is no official administrator. and another reason why the government prohibits the existence of legislation governing the country, especially in Indonesia, is regulated in Law No. 7 of 2011 concerning Currency which states that currency is money issued by the Republic of Indonesia and every transaction that has the purpose of payment, or other obligations that must be met with money, or other financial transactions carried out in the territory of the Republic of Indonesia use Rupiah.

http://marketeers.com/pemerintah-larang-pengunakan-mata-uang-virtual/

[Tigorss]

Government bans on the use of bitcoin do not merely prohibit certain reasons why they prohibit the use of bitcoin, the article I read which is the reason for one of the laws that regulate legal payment in a country has been stated in the law laws or government regulations.