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

[dablatair]

It is like always for the institutions, as soon as they could not take a profit of a market they ban it !! When they will understand that they could not block it forever, they will find ways to regulate it and take profit. then they will surely give the green light to use it. Money and profit is the khey of the war, when they will be able to catch the money the most they could they will go in it.

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[Red-Apple]

literary no country 100% allows any of the things you just listed here. you are oversimplifying things to just make a topic about it. in reality there are laws for everything. for example an underage kid can not go to a pub and ask for alcohol because it is illegal. so you can't say "countries allow liquor"!
the same is true about cryptocurrencies. you can't use bitcoin to scam people, or launder money,... but you can invest in it, pay your taxes and use it as a currency.

[tabas]

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.

Those are products that the government actually earns from taxation. They won't allow something that they haven't studied for a very long time and adopt it easily, it is related to advancement but they are only looking at the bad that crypto's can be used illegally.

[Deathgamer]

Absolutely they allow all of that thing but why not crypto?Its because the government wont earn from it because crypto has no tax the reason why it is being banned unlike liquors and cigarettes it pays tax alot to government.

[Hkim21]

the most dangerous thing that the government feared was a decentralized bitcoin system, so the government could not monitor the circulation of bitcoin, in addition the bitcoin transaction was also not taxed so it was considered to kill the national currency.

[stefy77]

But the reason is very simple: with the products on your list they get a lot of money deriving from the taxes applied (and are products from which a nation that wants to do the good of citizens doesn't "sponsor" because they take away wealth from citizens).
The crypto (I think bitcoin) do the exact opposite: they increase the wealth of citizens and are not taxable. And in addition they undermine the base of the nation itself.

[kurcalas]

They neither allow crypto nor ban it mostly.

[mk4]

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.

Well, technically you're right. But what's your point? Some traders and investors in general lose money one way or another; not only on bitcoin or other cryptocurrencies, but also with stocks, bonds, businesses, real estate, etc. Does it mean that these stuff are scams? Nope. Or did I not understand you again?

[retampan]

You are not a perspective person which not search in deeply enough to find if a cryptocurrency is banned in the country that you mock. Mostly, a country that allows gamble and such things that you said before, it's pretty common to not to ban a currency since it is not illegal.

[Thekool1s]

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.

Comparing Apples to Oranges Ehh?? One is a threat to the banking/Government system just like Kakmakr mentioned, while other is a way to make rich even richer... Now I will let you decide for yourself why one is not being allowed while other one has the green signal. Trust me it's not rocket science. I think you will figure it out.  

[Ibizugbe1]

But the reason is very simple: with the products on your list they get a lot of money deriving from the taxes applied (and are products from which a nation that wants to do the good of citizens doesn't "sponsor" because they take away wealth from citizens).
The crypto (I think bitcoin) do the exact opposite: they increase the wealth of citizens and are not taxable. And in addition they undermine the base of the nation itself.

I agree with your submission. Government love to take money from the people since bitcoin does the exact opposite, they are mad like "this can't be we must find a way of taxing this". Truth is that the current financial system is structured to lead people into slavery and thereby controlling them.

[biskitop]

I am still thinking about it. when the government there are legal gambling, but why crypto is not in legalkan. whereas crypto is a good investment asset, also has the same risk as gambling. if the problem is tax, it should not be a big problem.

[jhayness18]

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.

Actually, there is no right in anything related to gambling because it can causes bad effects to people especially it damages their financial stability by the cause of the possible losses in doing gambling. However, I'm also thinking why cryptocurrencies and it's system won't giving a chance to prove to the governments that it can brings positive things to the community and not a harmful one. Maybe cryptocurrencies can able to prove that it can be the best things to have one's economy in the near future.

[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.

Well, technically you're right. But what's your point? Some traders and investors in general lose money one way or another; not only on bitcoin or other cryptocurrencies, but also with stocks, bonds, businesses, real estate, etc. Does it mean that these stuff are scams? Nope. Or did I not understand you again?

The critical difference: while normal companies (including those who offer digital services), may become very successful and grow virtually forever, BTC cant. The reason behind that is: product behind BTC is not viable. It does not work, it has and will not have scalability. You are being told stories of mystical lightning technology, how it comes and saves the day etc. It wont happen. BTC price now bounces few times, with top being at lower value each time, it bounces.

In one year, BTC is done. Its a monetary scheme with no real viable product behind it.

[Nisharawal]

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.

Every country has its own approach, thinking and expectations and i don't think cryptocurrency should be related to the above listed works like Gambling, horse racing because cryptocurrency trading is a business and it should be traded in that means as a purely business perspective. I trade cryptocurrrency, stocks, forex and commodities with the same approach & mindset and i am quite doing it in a successfull way.

[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.

Well, technically you're right. But what's your point? Some traders and investors in general lose money one way or another; not only on bitcoin or other cryptocurrencies, but also with stocks, bonds, businesses, real estate, etc. Does it mean that these stuff are scams? Nope. Or did I not understand you again?

No that didint mean, that all stocks are scam. If I sell You Netflix stock, You may believe that Netflix will be hugely popular, offer value (movies, series) to more and more people, those want to pay for services every month, profit of company, therefore its value, grows. Now very important point: product of netflix or streaming media, if You like, is perfectly possible and viable product.

IN case of BTC, the only way You get any profit, is when You sell it at higher price to another person. Claimed product behind BTC is NOT possible or viable. Validating transactions by this method has no scalability OR it will be ridiculously expensive OR it wont be decentralized. BTC, as it is promoted, is just a cover for monetary scheme, I wont name it pyramid, because its not exactly pyramid. Although mining part is not very far from being pyramid too. If You draw payment of miner after every halvening, it will look like this:

$$$$$$$$$$$$
     $$$$$$
        $$$
          $


First row is first released coins, or first years, if You want. If You look at it, You can understand very well, how whales became whales.

[Spaffin]

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.

Games, tobacco, alcohol, horse racing - all this distracts the population of the country from the pressing problems of the state, distracts from politics. This is very beneficial to power structures, which quietly rob the treasury. A crypto currency is money, and money means power. If there is money worth $ 10,000, of course this will be in the sphere of priorities of any government. No power will not give you the opportunity to just be enriched. Now they are studying the problem of the crypto currency, and if they do not find a way to use the crypto currency in their own interests, they will limit its circulation under various pretexts.

[Donald Regoo]

The problem is that the government can control those things but they can not control Bitcoin

[xuzukami]

According to me, all comparisons have been slowed down. It is difficult to market crypto with items like alcohol, cigarettes ...
It is important, in my opinion, is the objective evaluation of the electronic money market, as new content and new global developments will emerge and change the lives of people in a positive way.

[Adeforever]

You should know both gambling, liquor, tobacco, horse racing have there way of returning to government agent purse, be directly or indirectly as bribe. But in the case of bitcoin, the decentralized nature does not parmit such. And any thing government agent does not benefit from will find it difficult to survive.