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Author Topic: Why Government does not like crypto?  (Read 14724 times)
Xiaolongnu
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October 09, 2018, 07:22:31 AM
 #321

Because cryptocurrency is anonymous, the government can collect taxes. At this time government don't have solution to control cryptocurrency operations so, if you have power, you can't control something, like crypto, you ban it.
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October 09, 2018, 07:55:07 AM
 #322

Cryptocurrency is the most popular terms nowadays. People like cryptocurrency so much. Many people are involving in the crypto world. Everyone wants to earn money from cryptocurrency. While people are liking cryptocurrency, Government does not like it at all. In some countries, the government banned the cryptocurrency. What is the reason behind this banned?
Maybe because they think that bitcoin is a scam so they dont recognize it. They must know the good features of it. Virtual money is really a good way of transaction. Making many of our transaction so fast. There are countries that banning crypto in some many reasons because maybe they dont pay income taxes
There was no any regulation and this is the wild market and they are worrying if their investors are loosing their money on this market. The volatility of crypto has been telling us about that dude. in fact that so many times the government have been repeating its statement again and again. they need to regulate it before they can try to accept it.

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cryptotycoon33
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October 09, 2018, 07:59:23 AM
 #323

Cryptocurrency is the most popular terms nowadays. People like cryptocurrency so much. Many people are involving in the crypto world. Everyone wants to earn money from cryptocurrency. While people are liking cryptocurrency, Government does not like it at all. In some countries, the government banned the cryptocurrency. What is the reason behind this banned?

Many of the countries who banned cryptocurrency did so because of fear of losing control of their central financial economy, because according to them cryptocurrency has come to disrupt their payment ecosystem.
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October 09, 2018, 08:27:21 AM
 #324

The government wants to have full control over the finances of its citizens, or they will lose tax charges. Ask yourself - what advantages will the cryptocurrency give to the government? No advantage! Therefore, the ban.
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October 09, 2018, 08:46:04 AM
 #325

It is a lot to do with taxes. With crypto, it is easy to avoid them and not to pay taxes. That's obvious that governments don't want this to happen.

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October 09, 2018, 08:56:08 AM
 #326

in my opinion, what causes crypto to be rejected and disliked is because of the principles of decentralization, transparency and peer to peer that can harm or threaten the government, because in the cryptocurrency there is no third party term, in my view the third party is the government,
that is why the government does not like cryptocurrency
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October 09, 2018, 09:05:09 AM
 #327

The government of any country is unprofitable for citizens to earn on the crypto-currency market.

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October 09, 2018, 09:08:42 AM
 #328

The government of any country is unprofitable for citizens to earn on the crypto-currency market.
who says? some countries such as Japan thus legalize crypto, it could just be that assist the economy of the country. some countries that do not like and do not support their only country that crypto is not ready with the development of technology. but I'm sure, a few years from now, I think all countries in the world will also be eye opening and receive crypto as digital currencies.

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October 09, 2018, 09:10:32 AM
 #329

The government of any country is unprofitable for citizens to earn on the crypto-currency market.
not only because of that in my opinion, but because this is still new to be applied at this time many don't understand moreover fraud can happen, that's what the government is trying to prevent.

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October 09, 2018, 03:26:24 PM
 #330

To date, the cryptocurrency ceases to be something unusual, and the population begins to use it, making anonymous payments and not paying taxes, public authorities simply can not ignore such innovations in the financial sector.

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October 09, 2018, 03:29:15 PM
 #331

Maybe legality is one of risks in cryptocurrency investments. if there is a problem with regulation you risk lost all of your money  Huh Huh
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October 09, 2018, 03:30:20 PM
 #332

Why do you think they dont?

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October 10, 2018, 11:30:29 AM
 #333

In my country for instance, the government believes it will end up causing serious instability in her financial and security sectors. On the financial side, the central bank won't be able to regulate the influx of currencies any longer, hence banks may gradually becomes irrelevant. On the security level, they believe some wicked souls will start purchasing arms of mass destruction online without no records to trace it.

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October 10, 2018, 11:40:10 AM
 #334

Bro, be finally an adult and realize that the guarantee of any country protects the interests of the elite ruling in it. And if in your country, blockchains and cryptocurrencies are banned or oppressed, this means that everything is bad and it is better to leave there)))

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October 10, 2018, 11:45:35 AM
 #335

there are some governments that likes crypto.  Venezuelan government, for example, created its own cryptocurrency PETRO, which will be based on the price of crude oil.  I can see several nations to follow that sample, and create their own cryptocurrency.  this will be good, even if the government owns the cryptocurrency.  because there would be much savings on paper bill printing.  those companies who makes wallets, though, will suffer because less people will bring physical money with them.  all will be accessible on mobile phones.

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October 10, 2018, 11:47:49 AM
 #336

the government has an opinion if crypto will disrupt the economic stability of a country, this actually cannot be proven because there is no country that has been harmed by crypto, this may be a government strategy in order to get profit from crypto and maybe things to do further research why the government is not like crypto.

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October 10, 2018, 11:49:15 AM
 #337

Cryptocurrency is the most popular terms nowadays. People like cryptocurrency so much. Many people are involving in the crypto world. Everyone wants to earn money from cryptocurrency. While people are liking cryptocurrency, Government does not like it at all. In some countries, the government banned the cryptocurrency. What is the reason behind this banned?

The authorities see it as a strong competitor, so they are afraid and try to defend themselves in all possible ways. And they are afraid of losing control over people and to go without income. If people start using cryptocurrency networks in the bulk, banks will go bankrupt.
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October 10, 2018, 11:52:33 AM
 #338

The cryptocurrency is unpredictable. The power loves stability as well as all people on the planet Earth. The cryptocurrency has no stability now.

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October 10, 2018, 01:20:02 PM
 #339

Cryptocurrency is the most popular terms nowadays. People like cryptocurrency so much. Many people are involving in the crypto world. Everyone wants to earn money from cryptocurrency. While people are liking cryptocurrency, Government does not like it at all. In some countries, the government banned the cryptocurrency. What is the reason behind this banned?

Because the state authorities want to take control of everything related to money. And recently appeared bitcoin, which does not have a common emission center and is not subject to supervision by any official body, falls out of this structure.
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October 10, 2018, 01:28:44 PM
 #340

Cryptocurrency is the most popular terms nowadays. People like cryptocurrency so much. Many people are involving in the crypto world. Everyone wants to earn money from cryptocurrency. While people are liking cryptocurrency, Government does not like it at all. In some countries, the government banned the cryptocurrency. What is the reason behind this banned?
It is not surprising that some countries have a different relationship to the legalization of cryptocurrencies, since each country has its own economy and vision for policies that should be adopted in relation to digital currencies. I believe that it is necessary to pass some time, more and more countries have adopted cryptocurrency as a means of payment.


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