Topic: Goverments to go AGAINST Bitcoin (Read 3207 times)
Of course some countries can go against this because there is no tax fees among it and considering the fact that many transactions going on here in the cryptocurrency are untraceable and very private it help them avoid being monitored by the government and will go against the anti money laundering act of the central bank because may never know the source of income of the person.
Is there any chance goverments to go against bitcoin if they see its something against them??
Of course there is, there were already countries who banned bitcoin because they cannot control the number of users plus they doesn't know who the owner is. In the case of our country, there is a possibility also because the tendency is that people will not save their money on banks instead they keep in their own crypto wallet.
Obviously, one of the reason why the government is against bitcoin is because there are no tax rulings over cryptocurrency yet (in my country). Hence, the government can not harvest taxes over bitcoin. And as we all know, it is not of the government's liking.
Is there any chance goverments to go against bitcoin if they see its something against them??
Well it is a yes, governments are against with bitcoin. And also banks are against with bitcoin because if it happen that bitcoin became legal in all countries and using it. Banks will crash because bitcoin will become like a bank,most of the money will invested in bitcoin not in the banks. 
Is there any chance goverments to go against bitcoin if they see its something against them??
Well, many governments will able to go against Bitcoin because Bitcoin is anonymous. You can easily transfer and transport a big value of money anonymously in just a second and some clicks. It may also cause money laundering. Bitcoin is not controlled by any government so that, Other government may also against bitcoin. And last, Bitcoin is a currency and building transactions without any taxation that is going to happen. It means, Bitcoin is avoiding to have tax in government.
Is there any chance goverments to go against bitcoin if they see its something against them??
For starters bitcoin is against governments and banks that is what it was set out to do. And yes they will of course create their own cryptos and go against bitcoin it is only natural. They were never going to lie down and take what is happening. Read right now that England is looking to digitize their Sterling into a crypto, no surprises there now will be interesting to see how many people use it in England.
They have been against the government and banks for a while now and they are the ones that have the economic power and control of populations and that is what they are afraid of losing the control that they have in everything, that is why they always have bitcoin is attacked every time with rumors with haker misinforming and bankers that what they do is to lower the price for them to buy and also have control of the crypto
Is there any chance goverments to go against bitcoin if they see its something against them??
some Goverments start going AGAINST Bitcoin like Nepal as example.some try to ban it like Russia and other allow it like Japan
yes there many chances goverments to go against bitcoin
Yes they could be against bitcoin since they cannot control it, they could use their power or authority to discourage people from using it. In my country, there are already a lot of news about bitcoin, even the central bank of my country said that btc is not for investment but only for minimum transactions. They are not too direct about it but I do know governments are already watching for btc because it might really pose a threat for them
Same opposite propagandas are happening in my country too. They are clearly trying to scare people so people doesn't invest crypto currencies.
The reason why governments doesn't like blockchain is all about tax issues.
Quote from: GeorgeEden
Now that im thinking about that. What about drug lords? Its something against them. If like in 20-30 years Printed money are not existed. And everything is digital. Then i guess they wont be able to exchange drugs and money. The only they gonna do it its like ex change based on value. like 1kg cocaine for a car.(example)
Don't worry about how we process our transactions
Yes they could be against bitcoin since they cannot control it, they could use their power or authority to discourage people from using it. In my country, there are already a lot of news about bitcoin, even the central bank of my country said that btc is not for investment but only for minimum transactions. They are not too direct about it but I do know governments are already watching for btc because it might really pose a threat for them
Is there any chance goverments to go against bitcoin if they see its something against them??
Yeah. It is common to the country speciallu for those third country that they support the bitcoin because the government was enemy of bitcoin because it is decentralize and untraceable . plus the bitcoin have free to used and they not put a tax because of its digital currency .but not all many country do this.only some
I do heard some rumors that our government are against bitcoin mostly the central bank of the philippines since bitcoin has a big threat to our local banks since most of the people save their money on bitcoins instead of putting it into the bank that only gives you little amount of growth unlike if they put it on bitcoin their saved money will grow in no time which is not controllable . We all know that bitcoin always rise and pump so the interest of banks are not enough versus the growth you can get in bitcoin . Other reason are bitcoin doesn't have tax which i also heard that our bureau of internal revenue are planning to put tax onto it , some medias reporting that bitcoin is a scam , fraud and laundering investments they are misleading people with different information that we as a bitcoin only knows the truth about the bitcoin
Because government is scared of curruption we all know bitcoin transactions is anonymous and what if someone do curruption and convert all that money to bitcoin it will not be traceable now..
Of course. The government controls the country therefore it also controls its activities like the cryptocurrency scene. But, of course, it is going to take a lot of effort from them specially if they are fending of this huge tidal wave of potential. We can never tell how they are gonna do it, but the government always finds a way to do so.
I agree...the government fully controls the country, so they have the authority to ban bitcoin...but it seems to me that they don't do it because they know how much people will rebel and they don't need it
Is there any chance goverments to go against bitcoin if they see its something against them??
the government is a group of people who have the authority to make rules if they see a threat, and of course if Bitcoin they perceive as a threat, then they will certainly lock the movement of Bitcoin and make rules about Bitcoin...
Is there any chance goverments to go against bitcoin if they see its something against them??
it is very clear the government will never be able to master bitcoin, bitcoin will not be controlled by anyone because bitcoin is a digital currency that can be circulated anywhere without anyone mastering it. no matter how strong the government is, it will definitely not be able to control bitcoin.
Of course. The government controls the country therefore it also controls its activities like the cryptocurrency scene. But, of course, it is going to take a lot of effort from them specially if they are fending of this huge tidal wave of potential. We can never tell how they are gonna do it, but the government always finds a way to do so.
The government's fight against Bitcoin I find it easy to understand. As the government feared that Bitcoin would become popular in its own country, it would have a profound effect on the national finances, which would directly threaten the development of banks. Since Bitcoin rates are unstable, if it spreads, it will be very dangerous for the currency in that country, the currency in that country will be weaker than Bitcoin, seriously affecting the currency. of the country.
Is possible government will start treating bitcoins holders like the dark ages when government realise Bitcoins and crypto currency in general will be treat to their monetary and fiscal policies.
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