Why Government does not like crypto?

[mattadc]

I think the whole problem is that they don’t know about crypto-currency or are afraid of transparency. They are most quickly sung destabilized with cryptocurrency if it is legalized. Although no one really knows what will happen next.

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[masterrex]

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 you dont get it in right context, What i know is not all governments are againts in cryptocurrency as matter fact in my country cryptocurrency was already legal and supported by our government and some of my country largest commercial bank is adopting cryptocurrency already. Thats why regulation is the game changer in order to prosper cryptocurrency adoption around the world.

[toydoll]

I think the whole problem is that they don’t know about crypto-currency or are afraid of transparency. They are most quickly sung destabilized with cryptocurrency if it is legalized. Although no one really knows what will happen next.

I am sure that they know about the cryptocurrency(I think there are not many people in the world who did not know or have not heard anything about the cryptocurrency),and something tells me, most of them have invested not small funds in it.The moment will come and they will surely try to take control.And here it will turn out at them to make it or not-it is other question.

[makerst]

Cryptocurrencies provide very large opportunities for transparency precisely because of the blockchain, which today shows very large opportunities. I hope that today we will be able to achieve improvement in this degree.

[romero121]

Governments like cryptocurrency, when it is under their control. As it is decentralized governments won't be getting anything out of the same. Also governments does not implement on the right way, because if the blockchain technology backing the cryptocurrency network is used on the governance surely it'll help with a corruption free government and even if some form of corruption takes place it can be easily found. Likewise various reasons were there for government to dislike cryptocurrency.

[ninja811]

I think that economic mechanisms for the use of cryptocurrency in some states have not yet been developed.
Perhaps this is due to their economic models.
I think that soon cryptocurrencies will be available in the life of every person.

[Ayyyylmeow]

I think bitcoin and government can’t exist with each other, If Bitcoin continues its progressive development, the state apparatus will gradually melt. If the state continues to exist, Bitcoin is likely to outlaw and try to crush the power of the repressive state apparatus. However, the more users invest in Bitcoin, the more power, assets and support the network has, which will help it resist any aggression from the state. Because people make investments in Bitcoin out of curiosity. They are betting on a unique, global phenomenon that will improve their lives, and they are ready to fight for it to continue to exist, At a certain point, the number of users will reach a critical mass, and no one will be able to oppose or intimidate them to anything. Upon reaching this point, the state as a system of hierarchical power institutions will be doomed.

[H0USE]

Cryptocurrencies provide very large opportunities for transparency precisely because of the blockchain, which today shows very large opportunities. I hope that today we will be able to achieve improvement in this degree.

i dont think cryptocurencies will be easily accepted by all governments in the future unless crypto can be better than now and more improvements from cryptos that can meet the demands of the more safety and secure to investors around the world.

[nikola22]

I think that economic mechanisms for the use of cryptocurrency in some states have not yet been developed.
Perhaps this is due to their economic models.
I think that soon cryptocurrencies will be available in the life of every person.

some states don't want develop them because they like to control all financial flows and cryptocurrency is beyond their control.

[ned.ryerson]

Cryptocurrencies provide very large opportunities for transparency precisely because of the blockchain, which today shows very large opportunities. I hope that today we will be able to achieve improvement in this degree.

i dont think cryptocurencies will be easily accepted by all governments in the future unless crypto can be better than now and more improvements from cryptos that can meet the demands of the more safety and secure to investors around the world.

Naturally, all governments will not want to accept cryptocurrencies. But now many of them are beginning to realize that they have no choice.

[juragane]

the government still has the potential to be able to apply taxes from crypto users, but they will not be able to fully register transparently, this is a difficult thing for them because it will not match the financial system that is already running. They do not hate for a number of things, but are more directed at the stage of maintaining balance.

[labenea]

I don't really understand why they don't like crypto or agree with the presence of this extraordinary program. I think the technology generated from the blockchain is very useful, both in terms of the platform and also the server is so fast and easy to reach, or maybe they don't like it because crypto is anonymous.

[Activitycoin]

It is even difficult to imagine how much money is laundered with the help of cryptocurrency and the government can not affect it, there is no tax revenue, and no one will voluntarily pay them

No more than through banks Much less money is actually laundered through cryptocurrencies.

both of them share that, I don't think bank jealous is because of that. banks don't like bitcoin because it is decentralized and it is very different from the bank system, and of course there is chance to reduce the bank's users.

Yes right they are not jealous but they are actually afraid of it because they can see how rapidly crypto currency is gaining value which is not good for the banking system people prefers investing in crypto currency than holding money in banks, government are not taking the benefits from crypto but people and investors does that’s why they don’t like it.

[opg777]

I think bitcoin and government can’t exist with each other, If Bitcoin continues its progressive development, the state apparatus will gradually melt. If the state continues to exist, Bitcoin is likely to outlaw and try to crush the power of the repressive state apparatus. However, the more users invest in Bitcoin, the more power, assets and support the network has, which will help it resist any aggression from the state. Because people make investments in Bitcoin out of curiosity. They are betting on a unique, global phenomenon that will improve their lives, and they are ready to fight for it to continue to exist, At a certain point, the number of users will reach a critical mass, and no one will be able to oppose or intimidate them to anything. Upon reaching this point, the state as a system of hierarchical power institutions will be doomed.

I, too, so same think, support your opinion! Time will tell the result. For now, as enthusiasts, we can only believe and wait.

[Crypt0BHunter]

Most of the countries not banned crypto but tried to regulate it, to avoid average people from scams,which were very common thing during the hype of ICO in 2017

[logisticalmother]

I am sure that there are many reasons why countries do not allow crypto operations in their countries, perhaps one of them is the crypto price that is not yet clear or still fluctuating, making the country reluctant to use it because it can harm their country and certainly they still use the laws that apply in their country, therefore crypto hard to enter.

[laredo7mm]

It seems that the government is not hating but they themselves are still learning about cryptocurrency whether it is suitable or not to do legality in the country as many countries actually have not given an attitude

[Ochakemaput]

It seems that the government is not hating but they themselves are still learning about cryptocurrency whether it is suitable or not to do legality in the country as many countries actually have not given an attitude

you are right, now many countries already know about the development of cryptocurrency but they themselves are still making studies regarding the use of crypto in their countries. because the use of crypto will obviously have a positive and negative impact on the economy of a country.

[erikoy]

No, it is not what you think. We need to educate the government ao that they could apply this technology but mind you that not all will going to accept this trend because this will represent transparency of transaction through block chain technology. The corrupt politician will definitely against with it.

Anyway, the best thing is that cryptocurrency manage to operate with or without government's watch.

[andor.gellenhidi]

Strange situation with this case. Because now you can take and use the tremendous opportunities to improve the system for controlling finances so that there is no corruption and any such thing. But no, we do not.