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Author Topic: Why Government does not like crypto?  (Read 14724 times)
Escf4
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November 14, 2018, 06:05:28 AM
 #721

The government of some other countries does not like cryptos because, this kind of technology  is decentralized , and government wants that the cryptocurrency will be accepted in their country , they will have a full supervision on it and will monitor the movement and activities of this cryptocurrency.

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November 14, 2018, 06:10:01 AM
 #722

I don't think the government will hate cryptocurrencies. This is a trend that cannot be violated. Often hate cryptocurrencies may be some corrupt politicians. When the blockchain is widely used, they will lose the chance of corruption.

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November 14, 2018, 06:12:34 AM
 #723

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 cannot control it, crypytocurrency is a decentralized system
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November 15, 2018, 03:49:22 AM
 #724

why the government doesn't like crypto because according to the crypto government it only harms the public later because its value is very unstable and also such transactions can also disrupt the stability of the country's financial system.
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November 18, 2018, 06:11:56 AM
 #725

Because it can lead to financial risk mostly investors expecting a profit with their investment but in real it involves high risk.

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November 18, 2018, 06:22:53 AM
 #726

or lack of confidence in the cryptocurrency as a reliable financial system, or are they simply afraid that they will no longer be able to earn if they accept the cryptocurrency
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November 18, 2018, 06:28:05 AM
 #727

Because it can lead to financial risk mostly investors expecting a profit with their investment but in real it involves high risk.
Yes of course all related to the finances of the State and taxes, thus many countries couldn't give the rules against cryptocurrency. some countries only regulates some of the moving industry in the areas of cryptocurrency, such as Exchange and ico project. in full a country set the crypto I guess only a few.

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November 18, 2018, 06:36:21 AM
 #728

Governments do not like a crypto, because it is often used to launder dirty money and for drug trafficking, etc. All that is strange scares people
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November 18, 2018, 06:47:50 AM
 #729

The government cannot refuse cryptocurrencies. The government is usually afraid of losing control of the currency, so they are worried about the cryptocurrency. But hesitating the blockchain created by cryptocurrencies is the future, so the government will accept cryptocurrencies, which is only a matter of time.

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November 18, 2018, 07:24:11 AM
 #730

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?

of course
because is a freedom
no rules behind it.
well
something without rules , have a big chance to manipulation.
maybe because that,goverment have a big worry about crypto.

 
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November 18, 2018, 07:37:52 AM
 #731

Governments don't like cryptocurrency because of some reasons, firstly crypto is full of risks and government will not want her citizens to get hurt, for example couple year there is a program in my country called MMM which eventually turned out to be scam and dozens commit suicide while some in depression and secondly crypto can be used to launder money anonymously which is against the global AML

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November 18, 2018, 07:43:23 AM
 #732

The governments don't like crypto because they can't control or regulate cryptocurrency easily. And we should accept the fact that people can use cryptocurrencies for illegal money transfers worldwide.

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November 18, 2018, 07:47:42 AM
 #733

In my opinion, the government does not like passwords because:
- The government can not tax this market
- The cryptographic market is a free market, which can become the illegal use of many objects.
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November 20, 2018, 12:51:04 PM
 #734

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 because cryptocurrency is decentralized and it cannot be controlled. It is as they say sometimes used as currency in the dark web. But on the contrary, I strongly believe bitcoin will be used for good, for economy sake .
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November 20, 2018, 01:02:41 PM
 #735

I think that the government doesn't like bitcoin for the reason that can not influence it or how other than through the exchange!
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November 20, 2018, 01:02:56 PM
 #736

First, the crypto is not controlled by any government or any finical department, a crime is an illegal action or activity in the crypto, or some criminal or scammer are active in the crypto market, they want to protect the people and not lost their money.

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November 20, 2018, 01:06:09 PM
 #737

I think the government doesn’t like crypto because it can’t control crypto. Cryptocurrency gives freedom to people, and the government is not profitable.

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November 20, 2018, 01:08:23 PM
 #738

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 our market is an anonymous market and transactions are strong. The government can not control our GDP as well as our assets so they see crypto as illegal. When the government does not grasp the best information, it will greatly affect future policy.
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November 20, 2018, 01:18:42 PM
 #739

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 it is hard for the government to impose policy and regulate crypto. that is the reason why still a lot of countries are not too open in crypto activities. It is hard for them to control the crypto market that is openly used by many. They will lose income from taxes and fee that they can have when using money.
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November 20, 2018, 01:21:23 PM
 #740

Because crypto currency was decentralized, not tied to anything include the goverment. So they can't fully control crypto and unprofitable for them. So they consider crypto an illegal doesn't like it.

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