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ganeshramk
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March 21, 2019, 10:48:29 PM |
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This is really a very good question to do some research on it. But not sure what could be the answer.
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bebekangsoo
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March 21, 2019, 11:01:15 PM |
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This is really a very good question to do some research on it. But not sure what could be the answer.
they answered with various reasons why the government did not like Crypto, because in each country it may be different so there are many different answers, yes, although many are the same. and in my opinion if the government does not like Crypto because Crypto is at great risk so the government does not want if people are exposed to the risk of causing bad things to happen and maybe many other things. |
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Gekkoo
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March 21, 2019, 11:08:27 PM |
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It's so obvious and easy to answer this question, but why should governments like something that can reduce their strength and control before the masses? What would happen to the stakeholders in maintaining this control and submission of people? Cryptocurrency is precisely a way to prevent this strong control and this represents a lot, even a supposed freedom.
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949miner
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March 21, 2019, 11:36:55 PM |
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The dislike of cryptocurrency by some governments is usually due to ignorance and lack of understanding on technological advancement. Some also dislike the idea of decentralization presented by cryptocurrency to the financial ecosystem.
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yakushev
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March 21, 2019, 11:54:50 PM |
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The dislike of cryptocurrency by some governments is usually due to ignorance and lack of understanding on technological advancement. Some also dislike the idea of decentralization presented by cryptocurrency to the financial ecosystem.
Where there is misunderstanding, there is fear, hence there are prohibitions and condemnation, instead of starting to interact and make a profit from this to the Treasury, the governments of different countries will long resist and bend their line |
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Outlander
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March 22, 2019, 11:44:20 AM |
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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?
The cryptocurrency is undermining the normal financial system, and banks are likely to be replaced by cryptocurrency business one day in the future. |
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e@symode
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March 22, 2019, 12:30:07 PM |
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We understand that cryptocurrency is precisely those technologies that are moving our world today, no matter where, in a good or in a bad way. Most importantly, it is not like the government agencies that supposedly regulate something.
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jhon15
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March 22, 2019, 12:35:48 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?
The cryptocurrency is undermining the normal financial system, and banks are likely to be replaced by cryptocurrency business one day in the future. because of that the government banned it because government revenue was reduced by the Cryptocurrency and there were still many other things that caused governments in other countries to ban it. Cryptocurrency has a big risk and maybe that's what causes it to be banned in a country, but behind all that Crypto can produce big results. |
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jolle123
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March 22, 2019, 12:57:12 PM |
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The main reason is cryptocurrency is risky and the government doesn't want to put the people on the situation that the government is being blamed if the cryptocurrency market collapse.And not all countries cant access cryptocurrency but on the future if cryptocurrency is sustainable and stable maybe it can happen.
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Dannev
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March 22, 2019, 01:53:09 PM |
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I think the reason is due to the fact that cryptocurrency is more decentralised with much privacy features. Government prefer to be in charge of its citizens funds and thats what cryptocurrency is against.
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mersal
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March 22, 2019, 02:03:37 PM |
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I don't think the government will not say anything the devil opposite to the acceptance of cryptocurrency but they have some problems for accepting it if they accept the economy will definitely had some changes that's why they are delaying to accept it.
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ajdar.muxin.79
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March 22, 2019, 04:42:57 PM |
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Because crypto holders do not pay taxes and this harms the governments budget. I think that in the nearest future, government would accept crypto currencies but they would regulate them and get their taxes for sure.
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renault18turbo
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March 22, 2019, 04:54:09 PM |
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Crypto is not anonymized anymore. Every big exchange has kyc about their users and is not too hard to check the address from which coins came from to the particular exchange. So it is not too hard to use this info by some FBI to implement a crypto holders database.
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Asatur
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March 22, 2019, 05:02:24 PM |
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I think the government does not like cryptocurrency mainly because of misunderstanding or misconception about cryptocurrency. And all that they do not understand, they are trying to ban or restrict. It is a pity that not all countries in the government have intelligent people who really understand these issues.
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beehimneff
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March 22, 2019, 05:03:08 PM |
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The reason is simple and banal - it's money. The government would like to make money on cryptocurrency, but do not know how and do not want to give the opportunity to earn the rest of its citizens. Each government wants to control everything on its territory, and since the cryptocurrency is difficult to control, then it is better to ban the cryptocurrency.
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Abal Abal
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March 22, 2019, 05:09:42 PM |
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the simple reason for menurt me is because cryptocurrency is decentralized, and the existence of crypto that is like that will not provide any benefits to the government apparatus.
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uralcryptocoin
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SIGNATURE CREATION by uralcryptocoin
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March 22, 2019, 05:12:03 PM |
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Because crypto holders do not pay taxes and this harms the governments budget. I think that in the nearest future, government would accept crypto currencies but they would regulate them and get their taxes for sure.
But in fact cryptocurrency buyers already paid all taxes when received money for their job in fiat. It could appear air or rain taxes. Just remember Cipollino Adventures |
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BTC Bitcoin: A Peer-to-Peer Electronic Cash System BTC
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone. |
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CapnBDL
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March 22, 2019, 06:38:53 PM |
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They are not something that they do not like, they just very cautiously approach this industry and more and more accept it. It seems to me that in the future a lot will be legalized and everything will be very good.
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ioanbtc
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March 22, 2019, 06:42:42 PM |
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They don't like because they want control of all, and if they can't control it they search a way to ban or to get as money can from it. Maybe not all governments not like crypto and some of them try to integrate it or create own crypto who can be controlled more easy.
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insidertradingeverywhere
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March 22, 2019, 07:33:51 PM |
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everything is simple, understanding that in crypto there passes huge money, didn't invent yet how to control, and to collect taxes.
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