DominickA86
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Activity: 252
Merit: 10
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October 30, 2018, 10:41:27 AM |
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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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Golftech
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October 30, 2018, 11:30:35 AM |
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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 |
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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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jdnthny
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Futurov
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October 30, 2018, 01:24:35 PM |
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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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anchuoinhhoc
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Activity: 252
Merit: 1
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October 30, 2018, 03:25:02 PM |
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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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https://itex.exchange/ |
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bitcoincitr
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October 30, 2018, 07:33:44 PM |
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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.
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ThunderCatSteve
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October 31, 2018, 02:47:02 PM |
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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. |
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humantraffic
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Merit: 42
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October 31, 2018, 02:52:27 PM |
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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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defyance
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October 31, 2018, 02:54:11 PM |
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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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terible.hunter
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Bitfresh - iGaming with 90s UI
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October 31, 2018, 03:35:31 PM |
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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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accounting 181293
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www.cd3d.app
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October 31, 2018, 03:44:10 PM |
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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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mightwalker
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October 31, 2018, 03:51:49 PM |
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Because cryptos are difficult to control, it's decentralized. Everyone can be free in this crypto world without limited.
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imusify.com ❰ Award winning blockchain music platform ❱ imusify.com |
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Hektur
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Merit: 10
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October 31, 2018, 03:54:30 PM |
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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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Malkazimir
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October 31, 2018, 03:57:47 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?
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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cepot9
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Cryptocurrency addict | Invest at your own risk.
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October 31, 2018, 04:04:37 PM |
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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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carrie_white
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October 31, 2018, 06:30:20 PM |
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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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wxxyrqa
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Growth & Marketing | IEO | Bounty | Strat
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October 31, 2018, 06:41:05 PM |
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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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baigreen
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October 31, 2018, 06:44:16 PM |
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 I think because they cannot control the income of citizens. Because money can be sent to anywhere in the world. I think there are many answers to this. I think not in one school now does not conduct a course on the study of blockchain technologies.
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lolxxxx
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October 31, 2018, 06:51:12 PM |
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Government does not like the crypto because they are not getting any money from the crypto, people are using crypto without paying anything to Government and Government does not even know who is using crypto.
And yes, The government cannot put tax or take money from the crypto users as they cannot know who are using it and who are not unless some steps are taking really such as KYC etc
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buonty563
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October 31, 2018, 06:55:28 PM |
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Because it does not have a formal foundation and regulating authority, bitcoin is prone to be misused for illegal transactions, money laundering and terrorism funding. There, it was confirmed, all transactions carried out in the territory of the Republic of Indonesia must use the rupiah currency. Circulation of bitcoin has also become illegal because it is out of reach of the Central Bank.
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