governments vs altcoins

[Indrawan77]

Yeah most of the government think crypto as the currency that jeopardise fiat, but that is actually not the purpose of crypto, crypto was intended for people to have a better payment system, the government that think crypto as an enemy is a narrow minded, there are a lot of positive side of crypto that could make the country become better

[kawetsriyanto]

The governments may see the cryptocurrencies from several negative sides. First is about the issues of using crypto for money laundry and ignore the tax. Crypto is also considered as a manner of terrorist utility. ANd crypto is also considered as a factor of the unstable financial system of a country. however, aside from the negative sides, actually cryptocurrencies have many advantages. And here, governments are better to consider these advantages. Such as increasing their social financial level, easy transaction, high technology, and others. In this case, should be certain understanding and regulation between government and token holder in the country. And now, in fact, some countries or governments legalize crypto.

[Bitfling]

Altcoins, even Bitcoin is not fully anonymous. It’s semi-anonymous. And this is why if you control the gates and control the amounts of fiat currency swapped for cryptocurrencies you can track, from that point forward, the route the flow of value takes.

Make no mistake. Governments see cryptocurrencies as a coup d’état against the international banking system. And if you own or trade cryptocurrencies, you are viewed from the establishment’s point of view as taking something that is not yours to take — autonomous control of your wealth.

In 2018 cryptocurrency demand was choked. As Bitcoin supply overwhelmed demand, the price of Bitcoin and other cryptos fell while the big players were quietly accumulating a position.

In some countries, bitcoin or cryptocurrency is considered a digital asset. In Indonesia, cryptocurrency is recognized as a commodity and allowed a local exchanger. Indeed, many countries still prohibit crypto trading but I am sure in near future, government will allow crypto trading

[BennyK]

In general, governments are against the idea of cryptocurrency although we have some few governments in support of crypto. The governments do not have full control over the transactions of cryptocurrency yet can influence the progress and patronage of cryptocurrency through the setting of laws which ban crypto usage. People heed to their governments hence crypto will flourish much better if it wins the governments interest in some years to come.

[Litzki1990]

I think the governments are trying to control or regulate the cryptocurrency to get taxes from them in order to protect the investment from many investors from scam, fraud and money laundering which is good from side hopefully it will happen soon.

[freedomgo]

I think the governments are trying to control or regulate the cryptocurrency to get taxes from them in order to protect the investment from many investors from scam, fraud and money laundering which is good from side hopefully it will happen soon.

Of course, the governments although they would greatly benefit from the fact that cryptocurrency will be used on their territory. Perhaps the government will try to tightly regulate this sector.

With tight regulation that would help to make the market grow.
Cryptocurrency is a risky investment because of its lack of regulation so when it will be solve, it would become less risky and although we might not see a big jump of value but its long term potential is better, so for me I would choose a slow but a steady rise of my investment compared to sudden pump but then dump afterwards.

[goolesby]

DO you mean gov vs altcoins only or all cryptos?
So far, the governments give a different response to the cryptocurrency world. SOme agrree to receive the crypto world and they support this so much. But, some gov don
t legalize the crypto, it leads the crypto is sometimes forbidden n certain countries. Of course, they have several reasons why such as the stability of the financial systems in the country, not trust thoughts on crypto, believe that it is used for money laundering and other crimes. And more.

[carrigan]

The government will always certain issues, rule, and regulation about cryptocurrencies. So far, we can see some types of governments in the world, they support or forbid the existence of crypto in their country. Of course, it depends on each rule and regulation that is allowed in each country. However, I think that the verses of Government and altcoin or crypto will always exist.

[Dobolen]

As in my country that this Cryptocurrency is gaining support from the government. So now the belief in this industry is increasing. This is great for the development of all altcoins. So trading in the year 2019 will re-increase. And this awakening is characterized by rising Bitcoin prices.

[jazmuzika217]

I think government are not against at crypto currency they are only afraid to the risk and consequences that it may brings to the crypto users that can cause an crime,fraud or scam. But I think the issue between government and all of crypto including altcoin and bitcoin will end when the time that legalization and centralization will came.

[airdropan]

Goverment do everything to try to control Cryptocurrency (ALT COINS) privacy , security here.
They just wanna make sure cryptocurrency can fully safe to use, thats good for me. If goverment acccepting cryptocurrency it will good for cryto future.

[dungp3132]

I don't see government agencies banning bitcoin but instead, I think they will look for an opportunity where they are going to benefit from it. And also, there are countries like Philippines who actually support cryptocurrencies which is a good thing.

Governments globally just try to manage and control flow of money into crypto, in order to get as much taxes from crypto as possible as well as prevent potential money laundering. Blockchain is human society's future, not only bitcoin. By now, privacy coins are the most favorite targets of governments and law makers, not bitcoin, in reality.

[TheClownSong]

Altcoins, even Bitcoin is not fully anonymous. It’s semi-anonymous. And this is why if you control the gates and control the amounts of fiat currency swapped for cryptocurrencies you can track, from that point forward, the route the flow of value takes.

Make no mistake. Governments see cryptocurrencies as a coup d’état against the international banking system. And if you own or trade cryptocurrencies, you are viewed from the establishment’s point of view as taking something that is not yours to take — autonomous control of your wealth.

In 2018 cryptocurrency demand was choked. As Bitcoin supply overwhelmed demand, the price of Bitcoin and other cryptos fell while the big players were quietly accumulating a position.

At present, I think the government does not think that cryptocurrency is a coup d’état against the international banking system. Today many altcoins are security tokens and cryptocurrency can be called a digital asset. Sooner or later, I think the government will make regulations regarding cryptocurrency because the government gets taxes from every transaction on the market

[NathanJB]

And so? Do you think the governments will start their crackdown on Bitcoin and altcoins in a really aggressive manner? I do think that Bitcoin and altcoins are reflecting the kind of disapproval people have on the banking system. I also think that the governments cannot flex too much muscle on this concern. If they do, they will just effectively push the people to totally turn their back on the banks and the governments.

[makishart]

I think government are not against at crypto currency they are only afraid to the risk and consequences that it may brings to the crypto users that can cause an crime,fraud or scam. But I think the issue between government and all of crypto including altcoin and bitcoin will end when the time that legalization and centralization will came.

They are not against crypto and its tech but the decentralized that can be used to hide by fraudsters and scammers is the system that they are against it. Remember about the privacy coin and the government was banning it in various countries. Decentralized is a big threat for government. but not altcoin.

[VIP BTC]

altcoin and Bitcoin greatly influence government policy, the development of bitcoin / altcoin will be very beneficial for people in a country, as much as we know cryptocurrency greatly facilitates transactions, but countries in controlling crypto need legality in order to maintain economic balance due to crypto.

[Ochakemaput]

altcoin and Bitcoin greatly influence government policy, the development of bitcoin / altcoin will be very beneficial for people in a country, as much as we know cryptocurrency greatly facilitates transactions, but countries in controlling crypto need legality in order to maintain economic balance due to crypto.

but unfortunately not all governments agree and allow altcoin and crypto to develop or be used in their countries. there are some governments that prohibit the use of crypto. some only allow traded assets and do not legalize crypto as an asset that can be used for financial transactions.

[wack slacker]

The government is too afraid because its banks print money in a controlled manner every year.  We can see that any country issuing excessive national currency will cause excessive inflation leading to the collapse of the economy.  Ethiopia, venezuela is an example of how they cannot control the national currency.  Because they want to release how much is their right.  For altcoin almost all are limited to a certain amount.  The state fears Bitcoin and altcoin for their own interests and banks have manipulated their national currencies to profit.  Annual banks also participate in money laundering a large amount of money.  With the blockchain network, all accounts are transparent and clear and that's what scares banks.

[ilovealtcoins]

Blockchain is a product of the people.  It represents the will of freedom and equality.  Since bitcoin has been born so far, the number of Bitcoin users and values ​​has grown rapidly.  The state cannot resist the will of the people, they cannot resist the spreading of crypto and blockchain.  I see in countries that prohibit participation in IEO and ICO people still find ways to own crypto.  Curbing and removing crypto is impossible because it is a large network through the internet.

[bright4mech]

Cryptocurrency is a digital asset, which acceptable world wide with a specific prize given, hence many governments are in support of cryptocurrency, while few are not in support, Nevertheless, cryptocurrency is a future used and many company and industry are converting into crypto.