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Author Topic: Why Government does not like crypto?  (Read 15074 times)
xbudahx
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October 09, 2018, 08:27:21 AM
 #321

The government wants to have full control over the finances of its citizens, or they will lose tax charges. Ask yourself - what advantages will the cryptocurrency give to the government? No advantage! Therefore, the ban.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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October 09, 2018, 08:46:04 AM
 #322

It is a lot to do with taxes. With crypto, it is easy to avoid them and not to pay taxes. That's obvious that governments don't want this to happen.

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October 09, 2018, 08:56:08 AM
 #323

in my opinion, what causes crypto to be rejected and disliked is because of the principles of decentralization, transparency and peer to peer that can harm or threaten the government, because in the cryptocurrency there is no third party term, in my view the third party is the government,
that is why the government does not like cryptocurrency
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October 09, 2018, 09:05:09 AM
 #324

The government of any country is unprofitable for citizens to earn on the crypto-currency market.

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andra73
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October 09, 2018, 09:08:42 AM
 #325

The government of any country is unprofitable for citizens to earn on the crypto-currency market.
who says? some countries such as Japan thus legalize crypto, it could just be that assist the economy of the country. some countries that do not like and do not support their only country that crypto is not ready with the development of technology. but I'm sure, a few years from now, I think all countries in the world will also be eye opening and receive crypto as digital currencies.

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October 09, 2018, 09:10:32 AM
 #326

The government of any country is unprofitable for citizens to earn on the crypto-currency market.
not only because of that in my opinion, but because this is still new to be applied at this time many don't understand moreover fraud can happen, that's what the government is trying to prevent.
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October 09, 2018, 03:26:24 PM
 #327

To date, the cryptocurrency ceases to be something unusual, and the population begins to use it, making anonymous payments and not paying taxes, public authorities simply can not ignore such innovations in the financial sector.

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October 09, 2018, 03:29:15 PM
 #328

Maybe legality is one of risks in cryptocurrency investments. if there is a problem with regulation you risk lost all of your money  Huh Huh
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October 09, 2018, 03:30:20 PM
 #329

Why do you think they dont?

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October 10, 2018, 11:30:29 AM
 #330

In my country for instance, the government believes it will end up causing serious instability in her financial and security sectors. On the financial side, the central bank won't be able to regulate the influx of currencies any longer, hence banks may gradually becomes irrelevant. On the security level, they believe some wicked souls will start purchasing arms of mass destruction online without no records to trace it.
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October 10, 2018, 11:40:10 AM
 #331

Bro, be finally an adult and realize that the guarantee of any country protects the interests of the elite ruling in it. And if in your country, blockchains and cryptocurrencies are banned or oppressed, this means that everything is bad and it is better to leave there)))

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October 10, 2018, 11:45:35 AM
 #332

there are some governments that likes crypto.  Venezuelan government, for example, created its own cryptocurrency PETRO, which will be based on the price of crude oil.  I can see several nations to follow that sample, and create their own cryptocurrency.  this will be good, even if the government owns the cryptocurrency.  because there would be much savings on paper bill printing.  those companies who makes wallets, though, will suffer because less people will bring physical money with them.  all will be accessible on mobile phones.

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October 10, 2018, 11:47:49 AM
 #333

the government has an opinion if crypto will disrupt the economic stability of a country, this actually cannot be proven because there is no country that has been harmed by crypto, this may be a government strategy in order to get profit from crypto and maybe things to do further research why the government is not like crypto.

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October 10, 2018, 11:49:15 AM
 #334

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 authorities see it as a strong competitor, so they are afraid and try to defend themselves in all possible ways. And they are afraid of losing control over people and to go without income. If people start using cryptocurrency networks in the bulk, banks will go bankrupt.
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October 10, 2018, 11:52:33 AM
 #335

The cryptocurrency is unpredictable. The power loves stability as well as all people on the planet Earth. The cryptocurrency has no stability now.

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October 10, 2018, 01:20:02 PM
 #336

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 the state authorities want to take control of everything related to money. And recently appeared bitcoin, which does not have a common emission center and is not subject to supervision by any official body, falls out of this structure.
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October 10, 2018, 01:28:44 PM
 #337

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 is not surprising that some countries have a different relationship to the legalization of cryptocurrencies, since each country has its own economy and vision for policies that should be adopted in relation to digital currencies. I believe that it is necessary to pass some time, more and more countries have adopted cryptocurrency as a means of payment.


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October 10, 2018, 01:47:03 PM
 #338

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?

      Maybe it is because governments want to charge a tax deduction for every businesses operating in their country but basically cryptocurrency is not applicable since it is not visible physically , so it is need to have centralized coin and then builds a regulations and legislation about crypto before adoption of this currency .
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October 10, 2018, 01:51:42 PM
 #339

I think that cryptocurrency today is probably one of the most valuable tools in the world today, so many bankers think that way to get and own all cryptocurrencies. Therefore, many states do not like cryptocurrency
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October 10, 2018, 03:17:48 PM
 #340

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?
Governments do not like crypto because they know that they it will take over banks. This medium is so great everyone is using it. Coins like Paragon, Stellar and cardano are excellent for investment.
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