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Author Topic: Why Government does not like crypto?  (Read 14724 times)
paul gatt
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October 12, 2018, 11:04:27 PM
 #401

I think that electronic money will affect the world economy. It disturbs the market. Banks face many difficulties when faced with an advanced technology. The national currency system will be affected. Meanwhile, the government does not have an electronic money regulation. Therefore, some governments do not accept electronic money. Hopefully this will change in the future. All countries accept electronic money.
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The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
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October 12, 2018, 11:26:46 PM
 #402

I think that electronic money will affect the world economy. It disturbs the market. Banks face many difficulties when faced with an advanced technology. The national currency system will be affected. Meanwhile, the government does not have an electronic money regulation. Therefore, some governments do not accept electronic money. Hopefully this will change in the future. All countries accept electronic money.
That's why a lot of government try to follow the trend and they are all trying to create such a new technology to replace their old technology. remember about a lot of bankers gave created so many partnership with crypto company to create such a blockchain consortium. just take a look on ripple and how it has created a lot of partnerships.

 
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October 12, 2018, 11:30:14 PM
 #403

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 does not like cryptocurrency as a matter of course because the current market has a massive impact on the economy, so the government continues to forbid cryptocurrency fearing it would affect cash as well as the economic. The government fears that if it allows the circulation of cryptos, it will affect the economy of the country.


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jokowi
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October 12, 2018, 11:35:11 PM
 #404

I think that electronic money will cause many difficulties for the economy of the country. While the government has not yet taken measures to manage this electronic money. The national currency system will be affected. Banks face many difficulties when receiving this coding money. Countries like China, Russia, India ... do not accept electronic money. They do not want this currency to disturb the country's economy.
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October 12, 2018, 11:38:05 PM
 #405

For me it's a misinterpretation of any government in any country because if they cannot get taxes directly in cryptocurrency transactions, they can get taxes from those people who earned profits from crypto word cause that money are used to purchase anything goods which is subject for taxes.
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October 12, 2018, 11:38:33 PM
 #406

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 does not like cryptocurrency as a matter of course because the current market has a massive impact on the economy, so the government continues to forbid cryptocurrency fearing it would affect cash as well as the economic. The government fears that if it allows the circulation of cryptos, it will affect the economy of the country.
yes, economic democracy from countries abroad that may be defeated by currencies that are likely to have an impact on the country's economy. the point is that every country does not want its government to be regulated by bitcoin or it could be called a commercial company

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October 12, 2018, 11:39:40 PM
 #407

I think governments just don't like the fact that part of the money is floating past them, avoiding taxation. All this is very difficult, to create a legal framework for cryptocurrency, and while it is not, we will constantly face some new prohibitions.

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October 13, 2018, 06:21:58 AM
 #408

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?
There are governments who don’t hate Bitcoin, just like in Russia, Sweden and other countries where don’t really see it as a threat. In my country, I don’t even know if our government hates Bitcoin or like it, cause I never see them say anything about and its not really recognized by the people, majority has no interest in it. Maybe due to lots of people don’t have interests that’s why the government seems to neglect it.
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October 13, 2018, 06:26:27 AM
 #409

The government cares about you.
They dont want. what you invest all your moneys in scam ico and will be bankrupt ))

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October 13, 2018, 02:51:54 PM
 #410

Governments want to collect taxes. If crypto money investors do not pay taxes, governments try to prevent the crypto money trade. The banking system is willing to create a negative outlook for the crypto money market due to the huge gains they have achieved.
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October 13, 2018, 04:16:53 PM
 #411

They have not found a suitable management solution for Bitcoin and altcoin! Need more time and development to reassure the benefits of digital money!
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October 13, 2018, 04:32:47 PM
 #412

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 reason every country prohibits crypto is different only. some think that crypto has a negative impact, and some say that crypto is a loss to a country. but that too all of course is not the truth.

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October 13, 2018, 05:56:27 PM
 #413

They do not like the fact that ordinary people have got independent money. How is it so that the state does not take money from the common people? That can't be
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October 13, 2018, 05:59:46 PM
 #414

It seems to me that there are still such industries in the financial sector that people don’t want to show, because if people find out how and in what quantities money is managed, then many people simply cannot understand it correctly.

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October 13, 2018, 06:03:33 PM
 #415

This is more on investment that's why some country ban this before like china because this is a way to risk money and then they don't have benefits here like they got nothing here in crypto,Moreover in the future the knowledge of crypto currency will turn popular because we need this in life like the transaction with low fees,then this is good to save money and good for investment even really risky

There is such wisdom - who controls the money, he controls the state.
Cryptocurrency is a rival to the money that is used in all states, which is why governments obstruct the spread of cryptocurrency.

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October 13, 2018, 06:09:54 PM
 #416

Government hate crypto because its decentralized and the can't control it and government belief they have power over everything since they don't have power over crypto they have to hate it for that

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October 13, 2018, 06:16:27 PM
 #417

We like cryptocurrency because they are easy to trade. And the bad side of it is that you can be hacked. Or criminals can trade through crypto without being caught. That's why the government does not like them, they are hard to control it
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October 13, 2018, 06:19:59 PM
 #418

not dislike, it's just that the government is afraid that cryptocurrencies are used for Money Laundering, Corruption, Terrorist Funding, Fraud, and Tax Evasion. I think the fear of the government is very natural because cryptocurrency systems are still not too well controlled. I hope they find a solution because cryptocurrencies are very good and will be the needs of the world community in the future.

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October 13, 2018, 06:21:09 PM
 #419

Because Govt. will lose control over people if they use cryptocurrency. Govt. wants to rule and control the people and economy as like as they want. Also, if people use cryptocurrency, govt will not be able to collect the correct amount of taxes. BTW, in most of the countries, cryptocurrency is legal and people using it without a problem.
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October 13, 2018, 06:23:32 PM
 #420

The government does not like cryptocurrency because they can not control it. The fact is that the government doesn’t want what we earn here. Because they rage.
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