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Author Topic: Why Government does not like crypto?  (Read 14724 times)
Clearstream
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January 13, 2019, 10:28:53 AM
 #921

the government is the product of the centralization of power. the spirit of encryption is decentralized. there is a contradiction between the two. in most countries, currency is issued by the government. Encryption will replace fiat money. it touched the government's cheese.
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January 13, 2019, 11:06:13 AM
 #922

The government does not like crypto because it is difficult to control. Investors here like anonymity and the government doesn't like this. The quick payment, no need for roses is the government's concern. And I think the government is not ready to accept crypto.

cryp24x
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January 13, 2019, 11:36:31 AM
 #923

The main reason why the government does not like crypto is that for them crypto can be used in any criminal activities like money laundering and the like. But it is also believed the reason behind this, is that cryptocurrency does not generate taxes because it is unregulated.
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January 13, 2019, 12:04:33 PM
 #924

Government agencies are really bad about cryptocurrencies and blockchain because it is these technologies that can seriously change the situation with corruption and the whole situation in the world
TechComputer
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January 13, 2019, 12:07:48 PM
 #925

Because they are care about the people not gonna risk everything if they are using crypto since most of the crypto is highly volatile.

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January 13, 2019, 12:15:48 PM
 #926

Its not that government don't like crypto. Its just that they don't really know what it is. Government doesn't really understand what crypto is and how it works thats why there are very hesitant about it. They don't like to deal with things they don't really understand. One day when they realize its true potential, they will surely adapt it.

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January 13, 2019, 12:20:24 PM
 #927

In a few years(I think no more than 5) the main will be decentralized cryptocurrencies, which the governments of different countries will begin to actively introduce into their economy.

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January 13, 2019, 12:22:30 PM
 #928

it is simple, everypart of the world, government wants control and power. if crypto will give majority of citizen of a country, government will lose control and power, who wants that? government will regulate crypto and will find ways to control it.


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January 13, 2019, 12:26:48 PM
 #929

it is simple, everypart of the world, government wants control and power. if crypto will give majority of citizen of a country, government will lose control and power, who wants that? government will regulate crypto and will find ways to control it.
until now no government has 100% been able to control crypto. this will be difficult, most governments only make regulations related to procurement rules for ico, or companies that implement ico. overall ownership of crypto assets has no country that prohibits its citizens.

roadwell890
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January 13, 2019, 12:44:16 PM
 #930

Because they are care about the people not gonna risk everything if they are using crypto since most of the crypto is highly volatile.
not everyone doesn't like Crypto, many also like working in the Crypto world.
Crypto is easily controlled by anyone, so it is easy to deceive people, and those who have been deceived may be because they are not careful in doing business so they are trapped.

Crypto is also vulnerable to risk so the choice in every Crypto certainly has risks, but Crypto on the other hand is very profitable so they can be rich.

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January 13, 2019, 12:47:49 PM
 #931

Governments, unfortunately, do not want to lose their power due to the economic crisis we are in. It's kind of like losing them to the crypto market.
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January 13, 2019, 12:52:55 PM
 #932

Because the government like to have the control and supply of money. Imagine that they can print and print whenever they want and if they approve crypto then they automatically lose that financial power. We really can't monitor when our government prints a lot of fiat but with crypto we can.
monineklutak
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January 13, 2019, 01:58:36 PM
 #933

I think the reason the government forbids crypto is because they don't want people to suffer losses, because even though crypto can be very profitable but crypto can also be a detrimental thing because the price is always changing, the next reason is that there is no law that covers crypto and the last is because there are many fraud cases that can trap anyone
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January 13, 2019, 02:19:56 PM
 #934

Government don't like cryptocurrencies, because they can't be controlled, so that the government wants to kill this sphere as soon as possible.
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January 13, 2019, 03:28:30 PM
 #935

If Government will going to be flexible enough to see the benefits that cryptocurrency can bring to the world, well, right now I can say, Crypto is in a bull phase not allowing some negative trends in bitcoin and top altcoins in the market.

Meryn
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January 13, 2019, 03:59:08 PM
Last edit: January 13, 2019, 07:34:52 PM by Meryn
 #936

they fear their currencies will be replaced. because cryptocurrency is now very popular and is often used by almost everyone. so if cryptocurrency is often used in a country, it possible that the fiat will be replaced. and if cryptocurrency is more widely used for transactions in the country, the fiat exchange rate is also weakened.

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January 13, 2019, 04:14:14 PM
 #937

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.
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January 13, 2019, 04:46:24 PM
 #938

everything is very simple! The government wants us to completely depend on them and work for them all our lives, while receiving a small salary. They cannot control cryptocurrency so far and I really like it!
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January 13, 2019, 04:51:31 PM
 #939

   Government does not like crypto because they cannot collect taxes in bitcoin and also lack of regulations on the side of crypto currency, scammers can easily do transaction through the system many people are disappointed
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January 13, 2019, 04:59:29 PM
 #940

as decision on regulation to put of limit on arrange as clients with the finance to gains with reference of option to put on work with investment that
those to helps on securing funds on exchange to avoid waste on losing as the chance as entering the global scopes of market with the bitcoin finance.






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