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Author Topic: Why Government does not like crypto?  (Read 14724 times)
Revvo1
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March 25, 2019, 05:47:04 PM
 #1281

It Is almost not too possible to generalise these reasons as they perculair to each and every of these countries under  reveiw. For instance,  in my country, the goverenment detest the innovation and all it entirety first because,  they it as a danger in sabotaging the already weakened security sector of the state. They put up an explanation saying illegal arms deal can be perpetrated by several enemies of the state using crypto which  transaction is almost impossible to track.

The,  these reasons can't be generalised. Hence, we can only look at them in regards to their perculiarities in different countries and places.

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March 25, 2019, 06:06:37 PM
 #1282

in my opinion the government does not like crypto because the government cannot control crypto in taxation and does not benefit from crypto itself so they prohibit it. besides crypto there is also no definite policy in that country.

Not only because of the tax why the government does not allow crypto especially bitcoin as a means of payment. There are many other things that make it difficult for the government to accept crypto as a currency. Volatility is the most disturbing thing to their minds. But we should be grateful though, because they still allowed us to use crypto as an asset.

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March 25, 2019, 09:56:53 PM
 #1283

I would not say so, they simply treat this market with caution and want to try to regulate it, which is very difficult at the current stage of development. It seems to me that in a few years everything will get better and regulation will be to some extent.

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March 26, 2019, 08:33:25 AM
 #1284

I would not say so, they simply treat this market with caution and want to try to regulate it, which is very difficult at the current stage of development. It seems to me that in a few years everything will get better and regulation will be to some extent.
now in different countries they are trying to somehow restore order. But here it is necessary and not to bend the stick, so as not to frighten off investors, because here a lot of good money moves

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March 26, 2019, 08:52:05 AM
 #1285

I would not say so, they simply treat this market with caution and want to try to regulate it, which is very difficult at the current stage of development. It seems to me that in a few years everything will get better and regulation will be to some extent.
Why regulate cryptocurrency if it loses its main advantage-its idea ?
Many people choose cryptocurrency because of its anonymity, cheap fees and so on.
States see it as a threat to their regulated and controlled money , which means they will never allow cryptocurrency to circulate freely.
Perhaps the cryptocurrency will be partially legalized, but it is too early to talk about full acceptance.
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March 26, 2019, 09:53:58 AM
 #1286

This topic is circulating since from the cryptocurrencies was created but there is no solution came out for this the government also not been ready to accept it and also cryptocurrencies not ready to drop but the problem is the continuous changes in cryptocurrency will not being acceptable by the government if they are accepting it their economy also main possible to down that's why I'm thinking it will not happen.

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March 26, 2019, 09:55:03 AM
 #1287

I would not say so, they simply treat this market with caution and want to try to regulate it, which is very difficult at the current stage of development. It seems to me that in a few years everything will get better and regulation will be to some extent.
Why regulate cryptocurrency if it loses its main advantage-its idea ?
Many people choose cryptocurrency because of its anonymity, cheap fees and so on.
States see it as a threat to their regulated and controlled money , which means they will never allow cryptocurrency to circulate freely.
Perhaps the cryptocurrency will be partially legalized, but it is too early to talk about full acceptance.
one way or another, but most likely everyone understands this, and nevertheless, there are already some glimpses, you can already buy goods for cryptocurrency, and even pay taxes, though in individual countries.

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March 26, 2019, 10:10:19 AM
 #1288

Its seems government not open about crypto currency for now but i think this will not take long. For this days government not yet to see how crypto help the world, not yet to see the different benefits of it not just for people who use to have btc it also beneficial to the economy of the country. New Generation, new goverment might see this in the future, our future that 90% percent of the world will accept crypto and use it for transactions,

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March 26, 2019, 10:22:06 AM
 #1289

Governments can't regulate and tax cryptocurrency that's why they don't like it. On the other way, the general people like it, as they can earn a decent amount of money, so it is very popular among general public.
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March 26, 2019, 10:31:15 AM
 #1290

it's always the same. the try to destroy something that they can't control. some years ago there was no need to regulate it... it makes no sense to govs that the set new laws or ban cryptos. as long as more and more people get interested into cryptos, more and more potential money from taxes can be earned. so, some govs try to get money through taxes and others think they cant control it to get the taxes so they ban cryptos. just simple as that. they want the control about it like in fiat money.
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March 26, 2019, 10:39:10 AM
 #1291

The government is always at head bend with the cryptocurrency industry, this is because of many reasons. Some government has banned the use and investment in cryptocurrency. Its agreeable that the cryptocurrency space is not matured for massive adoption and there's prevalence of scam and hacking of accounts. Governments has been the sole manufacturer of fiat currency and cryptocurrencies are independent and has no government back up.
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March 26, 2019, 12:17:27 PM
 #1292

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?
Nowadays, many people use the concept of blockchain to defraud and destroy the normal financial order, so the government will ban cryptocurrency.

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March 26, 2019, 12:29:10 PM
 #1293

Its a very common question now and I think things that comes to my mind as soon as I think of why the government doesn't like Crypto-

==> The want to control people and the economy and finances. It has been their centralized way to control things and anything decentralized they just hate it.

==> They do not want to give away the old traditional banking system for whatever reason.

However, I think if we give the government their cut in form of tax, hey will then accept anything and everything. All they need right now is their share from the people and us not freely willing to share with them is kinda hurting them.

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March 26, 2019, 06:35:04 PM
 #1294

More technologically advanced countries still understand that cryptocurrency is the future. Not love only those countries that try to control all money transfers in the country and restricted the freedom of the population.

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March 26, 2019, 06:42:41 PM
 #1295

I think they don't like crypto because they can't have total control on. But if governments will make own crypto then will be very possible to make own crypto and wait for people to use them.

 
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March 26, 2019, 07:04:29 PM
 #1296

It seems to me that government bodies do not like cryptocurrency due to the fact that cryptocurrency is difficult to control. But I believe that the situation will improve.

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March 26, 2019, 07:35:35 PM
 #1297

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 government cannot control them so they hate it. If crypto is commonly used, it will destroy the government economy built for their country. The rich and poor discrimination increased, terrorism took advantage of crypto to do bad things ... that was really bad

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March 26, 2019, 07:46:03 PM
 #1298

It seems to me that government bodies do not like cryptocurrency due to the fact that cryptocurrency is difficult to control. But I believe that the situation will improve.
should some countries also see the countries that are already using cryptocurrency. If all that happens is negative or positive side there are government incentives. everything had to change, the world will admit the crypto, all just stay waiting time only.
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March 26, 2019, 08:21:24 PM
 #1299

I think they don't like crypto because they can't have total control on. But if governments will make own crypto then will be very possible to make own crypto and wait for people to use them.
That's probably going to happen in the future but I don't expect them to have a lot of succes with that. By creating their own cryptocurrencies it will help coin like bitcoin to grow even more because now people will find out about them and see the advantages of using them instead of guvernamental cryptocurrencies.
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March 26, 2019, 08:28:31 PM
 #1300

And it is not profitable for them, at least at the moment.But when everyone is in control, and all,and all of them will again have all the schemes, then they will love again)just crypto-currencies are not yet properly controlled,but everything is in front,and so in terms of scalability and other things,this is a global thing, better than the Internet will even

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