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Author Topic: Why Government does not like crypto?  (Read 14724 times)
Skroojee
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January 13, 2019, 05:24:04 PM
 #941

I'm amused by the idea that the government doesn't like cryptocurrencies because they can't collect tax on cryptocurrencies. In our country will soon have to pay tax on any income. The government has solved this problem Grin

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January 13, 2019, 05:41:46 PM
 #942

Imagine if you were the leader of a small country and your country mainly survives in tax money, suddenly a new currency starts cropping up that would enable your people make anonymous transactions and therefore would be able to had their transactions from you and not pay tax, would you like it?

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January 13, 2019, 05:57:06 PM
 #943

I think one of the reasons why the government does not like cryptocurrencies is that we take our money from banks and buy cryptocurrencies. And the states are not profitable.

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January 14, 2019, 06:42:25 PM
 #944

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?
And why should the government of any state love cryptocurrency? For him, the cryptocurrency is only a lot of unsolvable problems. A cryptocurrency for the government, it is not known by whom a speculative asset is created, which is not supported by anyone and has no value and at any moment can drop from the highest price to the actual depreciation. The government has its own national money, which interacts with the economy of this state and their growth is directly related to the increase in the level of income of citizens. And why should the government cryptocurrency, which has a very high price volatility and which is very difficult to use as a means of payment?
I answered your question?

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January 14, 2019, 06:56:15 PM
 #945

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?
And why should the government of any state love cryptocurrency? For him, the cryptocurrency is only a lot of unsolvable problems. A cryptocurrency for the government, it is not known by whom a speculative asset is created, which is not supported by anyone and has no value and at any moment can drop from the highest price to the actual depreciation. The government has its own national money, which interacts with the economy of this state and their growth is directly related to the increase in the level of income of citizens. And why should the government cryptocurrency, which has a very high price volatility and which is very difficult to use as a means of payment?
I answered your question?

You are very right in what you say. I find it very justified that states do not like crypto coins. Everyone knows that the financial sector is quite large and the support of the states is very important. If the government does not provide adequate support, big problems in the sector can begin Smiley

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January 20, 2019, 03:58:47 PM
 #946

We are beginning to increasingly understand and learn that the Internet today is fully monitored and viewed. Therefore, to speak in general about why all the same to the state it is not profitable is very dangerous.
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January 20, 2019, 04:01:53 PM
 #947

Because the idea of anonymity and the lack of the third party is against the principles of almost all governments. I think we will soon come the point, that governments would be forced to accept crypto currencies, but they would ban such projects as Monero and any other anonymous coins.
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January 20, 2019, 04:43:51 PM
 #948

Because the idea of anonymity and the lack of the third party is against the principles of almost all governments. I think we will soon come the point, that governments would be forced to accept crypto currencies, but they would ban such projects as Monero and any other anonymous coins.
The government does not interfere with anything and continue to ignore the cryptocurrency, they do not profit from it, it will not be possible to control it, only one headache

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January 20, 2019, 10:57:51 PM
 #949

the reason may be that the government considers this cryptocurrency to be a threat to the country because it could be used as a tool by some people to purge money from crimes with cryptocurrency and also they can threaten the currency of the country even though it is

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January 20, 2019, 11:00:36 PM
 #950

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?
Cryptocurrency has a lot of money , and all of them are not controlled , I think every country would like to control the cryptocurrency but I doubt that now it is impossible , because the market loved cryptocurrency for freedom and it should remain so

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January 20, 2019, 11:28:56 PM
 #951

If we learn more deeply, indeed Cryptocurrency can be used for crime behavior, such as money laundering, market play, fraud etc. because Crypto is not decentralized, the government  difficult to monitor if violations occur.
The latest research about how much bitcoin goes to the darknet has already got a big increase which aroung 70% from the last year. Crypto is decentralized but when it comes to the centralized and that makes crypto become centralized.

 
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January 25, 2019, 01:15:29 PM
 #952

Because in our world, especially when you are no longer a rich man in the first generation. It seems to me that everything is only because of these families, who are already really tired of everything.
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January 25, 2019, 01:27:22 PM
 #953

I don't think we may consider that they really don't like crypto. Some government accepted it and supporting projects that involves cryptocurrency. Those who don't support it usuallly are the one who have little knowledge about it. We'll, I guess we can help on spreading the new s.
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January 25, 2019, 01:31:21 PM
 #954

I don't think we may consider that they really don't like crypto. Some government accepted it and supporting projects that involves cryptocurrency. Those who don't support it usuallly are the one who have little knowledge about it. We'll, I guess we can help on spreading the new s.
without regulation by the government, we will not be able to help some global adoption of cryptocurrency
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January 25, 2019, 01:40:04 PM
 #955

The crypto just show that we can do anything better than the government did until now. They see the danger in crypto, while others see opportunities.
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January 25, 2019, 01:41:04 PM
Last edit: January 25, 2019, 01:57:11 PM by c2Gin
 #956

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 have been searched a little bit about this issue and i found out that they have their own currencies. This currency was being controlled by the government and the banks around the country and that was called FIAT. More security features. They know all where the currency are flowing to, they have the traces and they can prevent malicious transactions. I think that's the main reason why they don't want the cryptocurrency, Because it's completely anonymous who you're dealing to. And we all know that the politician and government people want their money in safe hands.

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January 25, 2019, 10:09:18 PM
 #957

I think government bodies are just afraid of losing control of people. Cryptocurrency gives people anonymity and freedom.

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January 25, 2019, 10:26:09 PM
 #958

I would not say that the government has a negative attitude towards cryptocurrency. I know a few countries in which the cryptocurrency is recognized at the legislative level.
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January 25, 2019, 10:33:16 PM
 #959

when people can earn from home, and tackle his family problem. that time many people interested to crypto, because people can get independence earn. people don't want to work any factory and any jobs. so Governmet face the problem, qualification guys. i think, as like Government does not like crypto.
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January 25, 2019, 10:47:24 PM
 #960

the reason may be that the government considers this cryptocurrency to be a threat to the country because it could be used as a tool by some people to purge money from crimes with cryptocurrency and also they can threaten the currency of the country even though it is
it's true but it would be very difficult to do money laundering using cryptocurrency because everything uses blockchain technology and as we know that basically all transactions on the blockchain can be very transparent even everyone can see it but because the wallet cannot be tracked its ownership then crypto has a gap which makes it risky for money laundering

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