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Author Topic: Why Government does not like crypto?  (Read 14724 times)
elloco4ever
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September 21, 2018, 06:20:08 AM
 #41

They do not like cryptocurrencies because they have long forgotten about honesty, the government is a complex system of schemes to enrich a small ruling group, and such technology as blockchain with full transparency of relations between people does not like those people who have something to hide from other people. If the system of state administration is transferred to distributed registers,there will be no room for corruption,which has been flourishing for a long time. The world is ruled by several people and these people will never allow anyone to break this system.

I completely agree with this yes most of the government are ruled by business tycoons and they play like a doll. If this technology is benefitting to them then they will force the government to bring this technology. If not they will spread false statements like it is a thread and this will surely end up to losing money.

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regtrade
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September 21, 2018, 06:21:54 AM
 #42

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 they can not control money, and all transactions, address is public. They can not do anything corruption anymore, civilians can track wallet address.

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Tom Shelby
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September 21, 2018, 06:22:46 AM
 #43

Because they can not influence and manipulate the market. And they want to control everything. And many people want to share with him. And they will not get anything from this. And banks will not be needed for crypto currency. And for them this is the main feeder.
mullzerwar
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September 21, 2018, 06:27:00 AM
 #44

It is definitely still has something to do with crypto technology apply. where everything decentralized without a complicated rules. and will never know, who will be responsible if there is trouble. It is rated very dangerous by the Government.
hanxinvwang
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September 21, 2018, 06:32:59 AM
 #45

Not all governments don’t like cryptocurrencies, and some countries can get considerable tax revenue from cryptocurrencies.

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Mbok Ajeng
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September 21, 2018, 06:39:09 AM
 #46

there are several reasons why the government prohibits cryptocurreency. one of them is because of the many cases of losses experienced by many people. so many people who suffered losses made the government have to think again to legalize cryptocurrecy. but we have to know that it all depends on each person. if we can use it well then it will give a big profits
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September 21, 2018, 06:44:02 AM
 #47

Cryptocurrencies can not be regulated and most of them are anonymous. For the authorities it is not acceptable terms.

Jianailiang
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September 21, 2018, 06:50:33 AM
 #48

The massive spread of cryptocurrencies will cause the government to lose control of the economy. But this is not a bad thing. When the government leaves the economy, perhaps the world will be more peaceful.
FurDich
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September 21, 2018, 07:01:06 AM
 #49

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 government are afraid that through cryptocurrency, its gonna collapse the economy of the nation if crypto is widely used, as they declared. but for me. the government doesnt need to be involve in economy and instead they should govern only the people
deviltasha
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September 21, 2018, 07:03:08 AM
 #50

We cannot say that do not like, I guess it is difficult to regulate crypto, it is difficult to avoid some related crimes, to reduce illegal actions, so they are just careful.
Icologies
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September 21, 2018, 07:13:09 AM
 #51

which government, how many developed countries that want to receive crypto are even used as a transaction tool because of their speed and ease of transaction. the government does not prohibit the use of crypto, but the government only calls for caution. all risks are borne by crypto users, because they think crypto is very high risk.

CreamIce
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September 21, 2018, 07:21:06 AM
 #52

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?

Governments like control. That's what keeps them in demand. Crypto will take away their role in deciding the economy. They will no longer be in control of the major policies and thus their importance will decline.
They keep trying to bring in regulations and summon crypto investors from time to time but nothing is going to work as long as the market keeps growing. We just need to keep our faith high if we believe in the future.
Gelesko
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September 21, 2018, 07:25:28 AM
 #53

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?
I think because government has lack of brains LOL. To be honest I think the reason of banning it, they are scared of financial pyramid's which will then lead to financial crisis and financial collapse, they don't get money from taxes and the main reason they can't control it, as there is no institutions and staff like that which is not regulated by the government. Basically they don't let the people be involved in it, as there is a risk! If people invest all their money, they might lose house/car/job and it will be an effect of domino, which will lead to the total chaos of people not paying their credits, houses/cars and ect will be flooded on sale and the prices on properties and ect will collapse letting inflation to slow down. I hope you got my view on this and I have explained clearly

zikzag
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September 21, 2018, 07:29:24 AM
 #54

I think the main reason for banning crypto-currency is decentralization. The government does not like technology that can not be regulated.

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September 21, 2018, 07:30:23 AM
 #55

Cryptos very unstable and its right what government try protect their citizens from it.
What wil be if some country totally invest in crypto in january 2018, its was defeated.

CrimBit
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September 21, 2018, 07:45:02 AM
 #56

The government stated that having a virtual currency is very risky and full of speculation because there is no responsible authority and no official administrator. and Bitcoin is also a decentralized currency making it difficult for the government to generate taxes from transactions made by Bitcoin.
jyaken
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September 21, 2018, 07:50:05 AM
 #57

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?
What happen in recent days from Russian football association allowing people to buy ticket with bitcoin (ticketing system integration payment -bitcoin\altcoins) and the story of Russian club bought with bitcoin , Those official two move from Russian government is new start for new era .
I hope other governments who afraid from decentralization do the same specially china .
honghe99
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September 21, 2018, 07:56:04 AM
 #58

I think the main reason for the ban is the decentralization mechanism of cryptocurrencies. Since most countries' economies are controlled by the government, cryptocurrencies will make them lose such control!

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September 21, 2018, 07:57:24 AM
 #59

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?

Simply because they cannot regulate the bitcoin which is the thing that they do not like. With this we can say that they do not want cryptocurrency because they cannot get a hold into it. They do not like it. This is mot necessary for them. They want everything to be im their control.
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September 21, 2018, 08:05:17 AM
 #60

Automatically every country will definitely try to make policies so that real currencies must be used and minimize the use of cryptocurrencies.
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