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Author Topic: Why Government does not like crypto?  (Read 14724 times)
contactmike1
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October 30, 2018, 10:13:41 AM
 #621

Easy! Crypto is decentralized and government wants to control everything!
That's a point!
I don't want government to control everything, that's why I switched to cryptocurrency
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Banebdjedet
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October 30, 2018, 10:32:40 AM
 #622

Bitcoin is becoming increasingly popular, making investors a viable alternative to gold. Like gold, Bitcoin prices are also very sensitive to political events.
Unrest at the White House made the super-rich lose $ 35 billion after only a few days on the floor. Shares are no longer attractive, investors turn to other channels are gold and Bitcoin to store assets. The government wants to control the crypto market from economic risks.
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October 30, 2018, 10:38:59 AM
 #623

The government is interested in receiving the largest possible taxes. And all who are engaged in crypto-currencies do not pay taxes. So far, the government is obviously against it. But I think that in a couple of years everything can change
DominickA86
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October 30, 2018, 10:41:27 AM
 #624

Because the crypto currencies are destroying the principles of the government. Crypto allows us to make financial transactions without paying taxes and without any third party. Moreover the governments do not like anonymity.
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October 30, 2018, 11:30:35 AM
 #625

Because the crypto currencies are destroying the principles of the government. Crypto allows us to make financial transactions without paying taxes and without any third party. Moreover the governments do not like anonymity.
Without any control, crypto are against the principle of any government, without paying taxes and with full control of your funds you are free to do everything without the interference of government bodies, if all the people around the world will fully transact without any control inside government jurisdictions the possibility that government will collapse is very big, imagine society without taxes for sure no project that will be developed maybe
in the future government will find ways to have some rules regarding to this matter.




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Veter2000
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October 30, 2018, 01:07:19 PM
 #626

Because the crypto currencies are destroying the principles of the government. Crypto allows us to make financial transactions without paying taxes and without any third party. Moreover the governments do not like anonymity.

We all understand the benefits of decentralization and anonymity, but many users do not realize that the other side of decentralization and anonymity is fraudulent ICO and hacker attacks on wallets and exchanges.
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October 30, 2018, 01:24:35 PM
 #627

I think the main reason why the government of each and every countries doesn't like crypto is because they think that it will not give any benefits in their part due to the fact that in crypto it is more decentralized and they think that they will not get profit with it.

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October 30, 2018, 03:25:02 PM
 #628

Governments often do not like encryption because it is easy to change the politics of the country. If the code develops then there will be many difficult events to control

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bitcoincitr
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October 30, 2018, 07:33:44 PM
 #629

For not to lose their power on their economy, governors would not accept any external power. Decentralization means millions of investors and users who are not under control. I am agree with governors' thought at some scale. But it changes when I look to how governors use their power on their economy. They prefer to use this power on their behalf, not behalf of all citiziens. They make rich more rich and poor more poor. There is still a cast system in every country. By using traditional tools, it is nearly impossible to overcome this cast system. Bitcoin may not be the tool for it. I don't know exactly. All I know is it might be initiator for people to search for way out.
ThunderCatSteve
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October 31, 2018, 02:47:02 PM
 #630

For not to lose their power on their economy, governors would not accept any external power. Decentralization means millions of investors and users who are not under control. I am agree with governors' thought at some scale. But it changes when I look to how governors use their power on their economy. They prefer to use this power on their behalf, not behalf of all citiziens. They make rich more rich and poor more poor. There is still a cast system in every country. By using traditional tools, it is nearly impossible to overcome this cast system. Bitcoin may not be the tool for it. I don't know exactly. All I know is it might be initiator for people to search for way out.

Tracking people is something that the government wants, and through the all the cryptocurrencies it is not 100% possible but at least they can.
They set laws for crypto people that should pass KYC if they want to convert the crypto into fiat and vise versa.
humantraffic
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October 31, 2018, 02:52:27 PM
 #631

Cryptocurrency gives some freedom to people from the banking system. Moreover, it is very difficult to control cryptocurrency flows, and states want to control everything and know everything about their citizens.
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October 31, 2018, 02:54:11 PM
 #632

Any government wants to control all the processes that take place the country.
In the case of the crypto, the government cannot yet do this, so it does not like the crypto.

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October 31, 2018, 03:35:31 PM
 #633

The state, sooner or later, will still be able to integrate cryptocurrencies into financial systems. Sooner or later, all the same government bodies will be able to work with the blockchain because it is profitable.

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October 31, 2018, 03:44:10 PM
 #634

because crypto is the current financial system destroyer technology. usually the government has the power to regulate, but in cryptocurrency because it is decentralized so no one will manage it, everything is connected to a network called Blockchain.
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October 31, 2018, 03:51:49 PM
 #635

Because cryptos are difficult to control, it's decentralized. Everyone can be free in this crypto world without limited.

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October 31, 2018, 03:54:30 PM
 #636

Because cryptocurrencies are the freedom! With crypto massive adoption there will be a greater chance to not having a government and estabilish anarchism.
so I think governments feel threatened.

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October 31, 2018, 03:57:47 PM
 #637

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 the answer to this question is obvious. Governments want to control the finances of their citizens. They seek total control and, of course, the way to legalize crypto will be very difficult .. In addition, fiat money is too sweet a cake for the banking system and they will not want to give it away.
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October 31, 2018, 04:04:37 PM
 #638

This is natural, because the economy is not an easy thing, if crypto can replace the original currency it is very terrible because crypto no one regulates the price can be manipulated. and crypto is now a lot of this fraud is high risk, their good government protects its people. but for us it is not a problem because we already understand the risks
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October 31, 2018, 06:30:20 PM
 #639

of course the government will not be happy with crypto, logically if people prefer to store their assets in the form of crypto, and not in the bank, then they will avoid the asset tax, so the tax that must be paid will not be in accordance with the assets owned

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October 31, 2018, 06:41:05 PM
 #640

of course the government will not be happy with crypto, logically if people prefer to store their assets in the form of crypto, and not in the bank, then they will avoid the asset tax, so the tax that must be paid will not be in accordance with the assets owned
in any case, if the government legalizes cryptocurrency, they will lose the new opportunities that they have with the help of the cryptocurrency market. This is not accessible information, but you still know a lot that some members of the government are big investors in a cryptocurrency business. Nevertheless, officially opposes cryptocurrency.

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