countries allow gambling, liquor,tobacco,horse racing then why not crypto

[rajkr]

many countries allow gambling, liquor,tobacco,horse racing then what is the problem with crypto currency .while it is related to advancement to technology and more secure and reliable system specially for banking system.

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[davis196]

many countries allow gambling, liquor,tobacco,horse racing then what is the problem with crypto currency .while it is related to advancement to technology and more secure and reliable system specially for banking system.

Many politicians and clerks in those countries have close relations to the bankers,and the bankers usually hate cryptocurrencies.The gambling industry pays a lot of bribes to the politicians and that`s why gambling isn`t that restricted as crypto.People,who smoke pay more taxes,which unfortunately is good for the governments.
I wish  the crypto industry could gain the same amount of influence over the politicians as the gambling industry.

[dohh]

many countries allow gambling, liquor,tobacco,horse racing then what is the problem with crypto currency .while it is related to advancement to technology and more secure and reliable system specially for banking system.

Because those all are fair gambling, where players face (slightly) negative odds. BTC is a scam, where people are sucked in in good belief and will eventually lose huge amount of money. The fact, that You are running positive, doesnt mean anything. The bigger, "market cap" grows, the more money people lose overall.

[mk4]

many countries allow gambling, liquor,tobacco,horse racing then what is the problem with crypto currency .while it is related to advancement to technology and more secure and reliable system specially for banking system.

Yep. And they allow casinos, lotteries,  and other different kinds of gambling platforms like you said. But still some governments say crypto is "too risky". Screw the government.

many countries allow gambling, liquor,tobacco,horse racing then what is the problem with crypto currency .while it is related to advancement to technology and more secure and reliable system specially for banking system.

Because those all are fair gambling, where players face (slightly) negative odds. BTC is a scam, where people are sucked in in good belief and will eventually lose huge amount of money. The fact, that You are running positive, doesnt mean anything. The bigger, "market cap" grows, the more money people lose overall.

So are you saying that it's guaranteed for people to lose money when they invest in BTC? Okay Mr. fortune teller.

[bangkecol]

many countries allow gambling, liquor,tobacco,horse racing then what is the problem with crypto currency .while it is related to advancement to technology and more secure and reliable system specially for banking system.

because in terms of gambling and others, it is still using the state's own money, this is why the state money so still get input from the tax, unlike the crypto, in fact, this becomes a serious problem in every country, which if allowed this will disturb the stability than the state itself. I think this is a serious problem in every country, why many considerations that need to be studied to be able to make the crypto legal

[mrphilippine]

Because those all are fair gambling, where players face (slightly) negative odds. BTC is a scam, where people are sucked in in good belief and will eventually lose huge amount of money. The fact, that You are running positive, doesnt mean anything. The bigger, "market cap" grows, the more money people lose overall.

I strongly disagree with this statement. Bitcoin is not a scam it is a currency that stores of value that you can use to trade. Every transaction can be tracked unlike if you hold your money in fiat currency in the bank you will lose your money from year to year because of inflation.

[snipie]

many countries allow gambling, liquor,tobacco,horse racing then what is the problem with crypto currency .while it is related to advancement to technology and more secure and reliable system specially for banking system.

It is not about allowing cryptocurrencies or not. It is about lobbies. Banks and politicians want to control everything while Bitcoin and cryptocurrencies will not allow them to do so. They will not profit from Bitcoin like they did with fiat, some countries are trying now to make gains from imposing taxes which is not that easy for now.

[CryptoDamon]

Because most of the people running the government doesn't have enough knowledge about crypto. The only thing that they know about crypto is it can be used in illegal transactions. They are too scared about the thought of decentralization and the lack of control when it comes to crypto assets and taxes.

[gasparyu]

It's simple. Money.
 Gambling establishments pay big bucks to the politicians to briibe them. Liquors and cigarettes have high tax rates giving the government more money. That is the thing about bitcoin, the goverbnment cannot benefit now that's why they are trying to get rid of it.

[Blanca_Gregory]

The world we live in is run solely by profit. So, this is the major point. Cryptocurrency is of no direct benefit per say to government officials. It doesn't rip in profits for the common banks and financial institutions. It is just like trying to bypass the over-privileged middleman. He's not gonna be happy with you. Most of these betting, tobacco and various companies also pay off the government. But most bitcoin traders remain anonymous, no one to tax really. That's where the beef arises.

[dohh]

Yep. And they allow casinos, lotteries,  and other different kinds of gambling platforms like you said. But still some governments say crypto is "too risky". Screw the government.

Because those all are fair gambling, where players face (slightly) negative odds. BTC is a scam, where people are sucked in in good belief and will eventually lose huge amount of money. The fact, that You are running positive, doesnt mean anything. The bigger, "market cap" grows, the more money people lose overall.

So are you saying that it's guaranteed for people to lose money when they invest in BTC? Okay Mr. fortune teller.

Yes, that what I said. Because English is my 3rd language, I can not express myself freely. While every single person does not lose money (whales and skilled speculants scam money from others), the vast majority of people are quaranteed to lose a great sum of money. As in any monetary scheme. You will see it soon enough.

[Blackhammer321]

many countries allow gambling, liquor,tobacco,horse racing then what is the problem with crypto currency .while it is related to advancement to technology and more secure and reliable system specially for banking system.

Right, with bitcoin they can generate more income. At the sa.e time people will benifit as well, unlike with the stated example earlier, with those stuffs people did not get good effect but it is not good for people. And also with bitcoin, the economy will grow bigger. With bitcoin it does not only benifit an individual but those who uses it.

[dohh]

many countries allow gambling, liquor,tobacco,horse racing then what is the problem with crypto currency .while it is related to advancement to technology and more secure and reliable system specially for banking system.

Right, with bitcoin they can generate more income. At the sa.e time people will benifit as well, unlike with the stated example earlier, with those stuffs people did not get good effect but it is not good for people. And also with bitcoin, the economy will grow bigger. With bitcoin it does not only benifit an individual but those who uses it.

The only way, You can "generate" anything with BTC, is on behalf of other people. Thats is crusial to understand. Besides that, BTC is just a waste of environment, time and energy.
Economy will not grow anywhere thanks to BTC.

[hatshepsut93]

Because unlike all the things that you've mentioned, cryptocurrencies undermine government's control over the population: cryptocurrencies are decentralized and cannot be controlled by government or any other entity, they can be made private and prevent government from monitoring your transactions, they are completely independent from fiat, so the government can't just print more currency. All these things can significantly weaken or even destroy any government if enough people switch from fiat to crypto.

[Pursuer]

many countries (in fact nearly all of them) also allow usage of cryptocurrencies so I don't know why you even started this topic! maybe because you fell for the FUD that keeps coming out saying some country banned bitcoin?

in any case the drama that surrounds cryptocurrencies which the FUDs refer to as a ban is mainly concerns that governments have about them. concerns including usage of them for illegal activities, tax evasion, and some other stuff. and the goal is regulation... something similar to regulating gambling casinos, giving liquor license to those selling it,...

[arabellascott21]

Politicians make money out of this.Especially from gambling, these gambling establishments sure birbe politicians to sty operational.
With liquor and tobacco, they have big taxes which the government are making money from. So why would they shutdown a source of money right?

[mekie]

For one very simple reason....TAX, all the examples you mention are taxed at various rates (depending on your country) until they find a way to control crypto in order for governments to be able to tax it then they won't legitimise crypto. 

[Elai101]

For one very simple reason....TAX, all the examples you mention are taxed at various rates (depending on your country) until they find a way to control crypto in order for governments to be able to tax it then they won't legitimise crypto. 

Yes as simple as that,  because in crypto they have no control and can't gain any amount from it. Like what you've said TAX.  Not like gambling, liquor, horse racing that they can surely manipulate and can gain income from it.

[avikz]

many countries allow gambling, liquor,tobacco,horse racing then what is the problem with crypto currency .while it is related to advancement to technology and more secure and reliable system specially for banking system.

Valid argument! But I see a problem is keeping cryptos in the similar comparison with gambling, liquor, tobacco, horse racing. These are all businesses and crypto is not a business, it's a genuine technological masterpiece which has the ability to radically change the financial system of the world. That is exactly what the Banks are not liking about cryptos.

The banking lobby is a very strong one around the world. Over the decades, they have established themselves as an organized controller of public money. They know that their stronghold is going to be diminished once people start accepting cryptos the way they are handling fiat now. They will oppose till their last breath to make cryptos illegal for the same very reason. Since they finance majority of the infrastructural project around the world, governments have nothing to do but to listen them. 

[Kakmakr]

many countries allow gambling, liquor,tobacco,horse racing then what is the problem with crypto currency .while it is related to advancement to technology and more secure and reliable system specially for banking system.

You cannot compare, gambling, liquor,tobacco and horse racing to Crypto currencies like Bitcoin. A lot of these governments see Crypto currencies as a threat to their local reserve currencies and their control over money supply. A lot of people are also using Bitcoin for illegal activities, but they are more than willing to ignore these illegal activities when it is done with Fiat currencies, but when Crypto currencies are used, then a BIG thing is made about this. 

They are scared to lose control, so they ban whatever is posing a threat to them.