War on cryptocurrency!

[UchihaRukawa]

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

As I heard and read, the government is doing their best just to get the people out of the crypto world, they are telling people that it is a scam and that they would just be wasting their money in investing on cryptocurrency, but, they cant pull people out of it because the people are seeing what cryptocurrency is, and they know that it is not a scam or anything bad, if cryptocurrency is something, it is not scam, it is a good investment.

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[zeingrind777]

They are afraid that people will no longer use banks or even cryptocurrencies to replace their currencies, so they declare war on cryptocurrencies and always give negative news to cryptocurrencies. But some developed countries like Japan will not declare war on cryptocurrencies. Even Japan legalize cryptocurrency because the Japanese know that the cryptocurrency is the perfect technology for the world of finance and technology

[KesoNie]

They are afraid that people will no longer use banks or even cryptocurrencies to replace their currencies, so they declare war on cryptocurrencies and always give negative news to cryptocurrencies. But some developed countries like Japan will not declare war on cryptocurrencies. Even Japan legalize cryptocurrency because the Japanese know that the cryptocurrency is the perfect technology for the world of finance and technology

War on cryptocurrency is can possible to happen especially to those country that not allow crypto, also those people gives negative about crypto and spread some bad news about it are the ones that make war for crypto. But still there are much more people are using cryptocurrency it will remain running even there are also many against to it.

[jeromix]

I think you had perceive it wrong. Government does not want to have any conflicts with cryptocurrency. In fact government meddling because it just want its community to secure from the unlikely features of bitcoin or cyrptocurrency. Just take the anonymity part of cryptocurrency. This feature could help users to scam others because they had unknown identity. However, the government still support cryptocurrency but just want to regulate it.

[brooklynian]

Those governments are enemies of decentralization who feel threatened by the fact that people may start neglecting fiat currencies since cryptocurrency is not under the control of the government. Some governments believe that this will affect their economy severely.

[Aldrinx00]

Government of course want to interfere because they also want to have some crypto to hold and make profit out of it. However i think with regards to ICO we really need some regulation because a lot of scam ICO'S are lurking around and this has to be stopped.

[Zadeket]

The war of cryptocurrency , is the war between cryptos and the government who are not likely to accept this digital technology , simply because cryptocurrency is decentralized and government want to monitor and take into control ovet this cryptocurrency which are going on the diffferent countries for legallity.

The war between cryptocurrency and the government in the country that prohibits cryptocurrency because there are differences in perceptions that the government considers to be very dangerous because it is likely to be misused by people who commit crimes, namely as a place for money laundering, terrorist funding, drug sales, etc.

[musharaf]

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

Yes i heard this before that governments are against of bitcoin and crypto but it is not true that some one can opposes it very much and some government like Bulgaria is bitcoin friendly and soon they have started crypto banks while for now we have to wait till bitcoin price so that we can go ahead for further use.

[bitgov]

This can be understood as a war with cryptocurrencies, but it can have a completely different meaning. In the crypto community, there is a lot of scams, and without proper legal regulations, it is impossible to fight with scammers. Governments want to legally regulate ICOs and cryptocurrencies to be able to protect crypto community and be able to fight with scammers.