Reason why other ban cryptocurrencies

[zubrr51]

Some ban cryptocurrencies, because they do not understand the essence of what is happening and do not appreciate all the advantages of this sphere.

[1714880971]

1714880971

[1714880971]

1714880971

[1714880971]

1714880971

[1714880971]

1714880971

[1714880971]

1714880971

[1714880971]

1714880971

[Sirait]

Others ban cryptocurrencies because they think that cryptos can destabilize or hinder the growth of their economic progress. What they saw is only the negative side of cryptos that they think will outweigh the good side of it like  what others said that cryptos helped improved their economic growth.

very agree, countries/organizations which are banned cryptocurrencies only see the bad side of cryptocurrencies, they don't see the positive impact they will get if they use cryptocurrencies, because after all the cryptocurrency is the solution so that future human transactions can be faster, safer and more efficient.

[KGBx]

I think that crypto is too unstable currently to be accepted worldwide. It needs a lot of corrections to come to replace fiat.

[Palodar]

Some ban cryptocurrencies, because they do not understand the essence of what is happening and do not appreciate all the advantages of this sphere.

They think that all this advantages can have disadvantages that will not be good for their economy, at first they will hinder it and later on will realise how useful crypto can be like in China.

[tapaibuccok]

The main reason for prohibitions is very simple. Transfers in a currency different from the national one, lead to poor economic performance, including GDP (one of the main indicators). This way, it is easier to launder money or transfer funds outside the country. Neither banks nor payment processors will get their interest.
McCall Robinson a manager of Merchant Accounts, believes that most countries prohibit Bitcoin because it cannot be regulated and he said that. "Many governments do not like the very idea that there is another form of currency that they are not able to control. The supervision takes place on the Internet. Some countries consider it as danger to their society and government.

That is quite reasonable, crypto can indeed be used for money laundering, therefore most countries are afraid of the existence of crypto that they cannot control and that will have a negative impact on the country's economy

[PhilPrime]

Because of the fear of the unknown and the inherent risk since crypto is still in infancy. Government like to be everything within their control .

But once they see the help that it can give to other countries they will sure to changed their mind, some restriction will be a help but putting a ban entirely will not make better in their country.

[really01]

A very useful analysis, however I do not quite agree with that. The countries that banned Bitcoins are all because they can not manage it, and it reduces the influence of government to the people. Tôi nghĩ rằng khi các quốc gia kiểm soát nó theo cách này hay cách khác, hoặc bitcoin được giao dịch thông qua các hệ thống thuế và minh bạch do chính phủ kiểm soát. Đây cũng có thể là một ứng dụng hoàn hảo của công nghệ BlockChain.

[binhvo1505]

certainly so. Because governments simply will not control people's incomes, they will not be able to get reasonable policies to support the country's future plans. It is very dangerous and they offer a ban on a reasonable choice.

[andriarto]

certainly so. Because governments simply will not control people's incomes, they will not be able to get reasonable policies to support the country's future plans. It is very dangerous and they offer a ban on a reasonable choice.

the role of government is very vital here, with the government's point of view that assessing the risk is greater than the reward, certainly makes the reason not to legalize it. and this affects many of its citizens

[marketone]

certainly so. Because governments simply will not control people's incomes, they will not be able to get reasonable policies to support the country's future plans. It is very dangerous and they offer a ban on a reasonable choice.

the role of government is very vital here, with the government's point of view that assessing the risk is greater than the reward, certainly makes the reason not to legalize it. and this affects many of its citizens

Government feeling is there is a huge risk involved in the crypto currency due to fluctuations in the market and the technology is also completely different and they are still in dilemma whether to believe it or not. Some government are still in dilemma whether to legalize it or not.

[JoeHilton]

the main reason is that cryptocurrencies are decentralized and they can not control cryptocurrenies. they don't want something that they can not keep it in their hand.

[mia khalifa]

there are many reasons that make the government prohibit the circulation and use of cryptocurrency in his country, usually the reason is because of the influence of unstable prices and because the bitcoin technology is very sophisticated that makes the government unable to commit crimes like corruption again.

[BigBos]

there are many reasons that make the government prohibit the circulation and use of cryptocurrency in his country, usually the reason is because of the influence of unstable prices and because the bitcoin technology is very sophisticated that makes the government unable to commit crimes like corruption again.

you're right, but right now I feel so much good news about cryptocurrency. well, it can be said that the world has begun to accept this development. although there are still a number of reasons that have been used as a way to ban crypto, this system does not seem to stop developing.

[InvestICO2L]

This could be true but the government could not expect that its constituents will going to abide the ban process for it will still be able to access some of the exchanges outside the country. As we all know that there are online payments now that could be use to purchase cryptocurrency so people living in that country where cryptocurrency is ban could still enjoy and participate in cryptocurrency.

There are several reasons behind this ban of cryptocurrencies.Cryptocurrencies are not under the control of any central bank or government as they are decentralised and even taxes also cannot be implied on cryptocurrencies.Cryptocurrencies are risky as they can get hacked too.Cryptocurrencies are require internet connection which is not possible in every corner of the world therefore it is less supported in the market internationally.

Exactly. There are many reasons that make almost all governments impose a ban on cryptocurrencies. First and foremost we should mention about the main characteristic of crypto is decentralization. It is completely different with the run of all countries-centralization. Thus, if all countries accept crypto to pay something, probably the government can’t control many complicated problems such as illegal transaction or illegal activities. Moreover, yep nothing is completely secured when connecting with internet. Definitely the number of hackers as well as scammers will increase. Many people are more likely to be in loss and thus the depression would be up.

[quality.crypto]

there are many reasons that make the government prohibit the circulation and use of cryptocurrency in his country, usually, the reason is that of the influence of unstable prices and because the bitcoin technology is very sophisticated that makes the government unable to commit crimes like corruption again.

you're right, but right now I feel so much good news about cryptocurrency. well, it can be said that the world has begun to accept this development. although there are still a number of reasons that have been used as a way to ban crypto, this system does not seem to stop developing.

Different rule and regulation will make to ban the cryptocurrency but governments are slowly understanding how potential the technology is going to be. Technology makes the government legalise the cryptocurrency but it is not a simple thing we have to wait for another 10 years for adoption.

[fly99]

The ban on cryptocurrencies must be correct. The government is not afraid of cryptocurrencies, but is worried that many people will go bankrupt during the growth period. Only when the cryptocurrency market is re-accepted by the government will they be open. This is to protect the people, knowing that countless scammers want to rely on fraud to get rich overnight, which is much faster than any investor making money.

[Tervelatuk]

certainly so. Because governments simply will not control people's incomes, they will not be able to get reasonable policies to support the country's future plans. It is very dangerous and they offer a ban on a reasonable choice.

the role of government is very vital here, with the government's point of view that assessing the risk is greater than the reward, certainly makes the reason not to legalize it. and this affects many of its citizens

its become their purpose why didnt legalize bitcoin and crypto market.they consider it as ponzi schem and worry if their citizen become its victims.as we know now much investor loss their money in this market.

[kuto]

certainly so. Because governments simply will not control people's incomes, they will not be able to get reasonable policies to support the country's future plans. It is very dangerous and they offer a ban on a reasonable choice.

the role of government is very vital here, with the government's point of view that assessing the risk is greater than the reward, certainly makes the reason not to legalize it. and this affects many of its citizens

its become their purpose why didnt legalize bitcoin and crypto market.they consider it as ponzi schem and worry if their citizen become its victims.as we know now much investor loss their money in this market.

For me in my own opinion they banned bitcoin because of the threat in the current market aside from that the less encouragements and spreading good and positive feedbacks about the project. They might recieved the negative feedbacks of the project before knowing and letting the project to share and explain its ideas and concepts.

[zhanyiguai261315]

The anonymity and hard-to-trace nature of cryptocurrencies make it difficult for regulators to track them!
Still others believe that cryptocurrency has no intrinsic value, and it has essentially no value because it has no viable asset support.
These are the main reasons for prohibiting cryptocurrencies!

[zoeylee]

I think some countries banned cryptocurrency it is because their government afraid to loose investors. People keep investing into crytocurrency, we know that cryptocurrency is decentralized the government cannot regulate it.