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Kazkar
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October 05, 2018, 06:20:52 AM |
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Because it is difficult to regulate this financial flow. Most often it is international. Incomplete taxation mechanism. I think everything will change in the future.
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martabaktelor
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Activity: 574
Merit: 10
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October 05, 2018, 06:55:54 AM |
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Yes, the Government didn't like the Cryptocurrency and this is happening in my country. I see that Cryptocurrency is very popular in my country. And they say that they want to get money from Cryptocurrency. But this is different from the Government banning it. The Government is afraid that if it could be detrimental to the Government.
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DainSLane
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October 05, 2018, 08:27:23 AM |
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The government does not like crypto currency it is because they did not get any taxes in crypto currency and also the government they protect their people of scam investment through crypto currency which is not true, hopefully the government can realize with it.
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Vilianms
Newbie
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Activity: 134
Merit: 0
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October 05, 2018, 08:53:18 AM |
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When the shackles of cryptocurrency are popularized in the human society, the government will lose control of the market economy. Some officials can no longer be corrupt, so the government hates them.
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engesi
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Activity: 434
Merit: 10
Fast, Smart, Trustworthy
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October 05, 2018, 08:55:23 AM |
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Although cryptocurrency has many advantages, it has a fatal flaw for the government. Its decentralized mechanism will disrupt the economic system and let the government or the bank lose complete control over the economy!
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zulkarnaen
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October 05, 2018, 01:30:49 PM |
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Because it is difficult to regulate this financial flow. Most often it is international. Incomplete taxation mechanism. I think everything will change in the future.
Yeah, everything in crypto needs a law clarity. Some countries ban cryptocurrency because the government prevents the money laundering, it is very possible to happen by using crypto. Maybe in the future, when the crypto's system is being better from now then those government will not ban the crypto anymore. |
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mihacrypto
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October 05, 2018, 01:33:33 PM |
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because the government will not be able to control the money, and taxes will be very difficult to collect, there are many anonymous coins.
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vbnc1121
Newbie
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Activity: 75
Merit: 0
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October 05, 2018, 01:39:22 PM |
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Governments do not like money because they can not manage it. Electronic money is challenging the power of the state. And electronic money can upset a country's monetary system.
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Nilaksha
Newbie
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Activity: 8
Merit: 0
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October 05, 2018, 01:43:15 PM |
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Because the government can not control the money
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JohnMacZeppelin
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October 05, 2018, 01:45:24 PM |
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You see, everything now rests precisely on power, and it is precisely power that today is very distorting people, because in their hands very serious opportunities begin to focus, which they can use for their own purposes.
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sky9314
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October 05, 2018, 01:48:20 PM |
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The decentralization of cryptocurrency is contradictory to the centralization of the government, and this contradiction is irreconcilable, so the government certainly does not want to see cryptocurrencies dominate the world.
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insurgent
Member
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Activity: 168
Merit: 12
Look ARROUND!
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October 05, 2018, 02:25:29 PM |
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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?
Government has a specific reason about this. Other countries banned bitcoin because maybe some if them doesnt have any idea abiut cryptocurrency. Some people said that its because government thinks that crypto is a big threat to their banks. |
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RondoAnyar
Full Member
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Activity: 651
Merit: 101
$CYBERCASH METAVERSE
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October 05, 2018, 02:29:55 PM |
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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?
Government has a specific reason about this. Other countries banned bitcoin because maybe some if them doesnt have any idea abiut cryptocurrency. Some people said that its because government thinks that crypto is a big threat to their banks. the main reason why the government hates crypto is that the government might assume that the crypto threatens economic and financial stability in the country. so this is natural, but I think it might not happen and maybe now the government must study crypto deeper so that it can follow the development of crypto. |
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Geir
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October 05, 2018, 02:34:33 PM |
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I suppose, that government does not like crypto because they can not control this sphere, they have no tools for regulation at the moment. All that the government can not influence, out of its control and can not make a profit for the state.
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TOP Network | Enable real-world business with Blockchain 4.0 technology | | No Transaction Fee | 300K TPS | 50 Million Active Users | |
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lynlyn
Member
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Activity: 243
Merit: 10
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October 05, 2018, 02:36:55 PM |
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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?
They banned crypto immediately in community because they believe it's a waste of time in terms of investment but in this insitution it's more demand with people due to its platform and unlimited fund in profits.The only one they supported is bank which they can also earning but they never appreciate what crypto develops in this era. |
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cattano
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October 05, 2018, 02:41:09 PM |
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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?
Perhaps that because of the government are worried if their regular currency will loose its value since it get easier to utilize cryptocurrency. When ever the country in crisis that makes the hearts of all will be deeming for hat. |
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feelideb
Full Member
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Activity: 770
Merit: 101
fLibero.financial
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October 05, 2018, 02:47:36 PM |
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Cryptocurrency is a direct competition to what make money and wield enormous influence and power for the government. Cryptocurrency also is treat to the government generating income through tax and levies that could easily be bypassed by trustless transactions of cryptocurrency.
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avonka
Member
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Activity: 512
Merit: 10
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October 05, 2018, 11:12:15 PM |
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We could see on G20 that the governments see the potential in crypto and blockchain technology and they all want to have benefit from it like Switzerland as crypto paradise. They want to regulate it, to be able to get tax on crypto earnings
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Payme21
Jr. Member
Offline
Activity: 252
Merit: 1
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October 05, 2018, 11:16:26 PM |
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One of the major reasons why the governments around the world deeply oppose the legalization of crypto currencies is simply because it can easily be used for fraudulent activities and can be a major risk to the current banking system and fiat currencies
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Happydd
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October 05, 2018, 11:25:27 PM |
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The government of Vietnam does not like electronic money. They even advise people not to invest in virtual currency. They think it is a scam because of the fact that so many people have lost money, bankruptcy because of electronic money. The state and law of Vietnam do not have policies to protect electronic money.
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