Topic: governments vs altcoins - page 3. (Read 844 times)
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.
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.
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
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.
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
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.
Everything depends on each government in that country because there are countries that really ban crypto.but even though like that not all altcoins depend on government decisions because not all projects are real.
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.
Make no mistake, so far according to the government's announcement why bitcoin is banned because of abuse, fraudulent acts and protecting citizens from fraud, that's what the government said. In my opinion it is too much if you think that all government has always been an opponent of cryptocurrency, in my country the blockchain and cryptocurrency are growing well. 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.
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.
I have strong doubts that current governments will ever accept crypto currencies, because even a LIBRA coin that is not a crypto currency has created a lot of mess in political sphere. So I can imagine what happens when Monero will get accepted for global payments.
I do not know why authorities or governments themselves are involving in cryptocurrency, and at the same time, they are ordering the general people to stay away from any activity of cryptocurrency. In a democratic world, the general people should have rights to freedom without hurting the entire society. I think, cryptocurrency is democratic, and it should be accessed by all.
I think the government must be open-minded about cryptocurrency, they should not miss innovation where the world has turned into a digital era. I think the government must be able to accept bitcoin as a digital currency in the future.
I think the government sees it as crypto market, not altcoins, they even give emphasis in bitcoin rather than altcoins since it's owning more than 50% of the money circulated in the space.
The government authorities are against crypto and thereby place restrictions because they are scared of the outcome when crypto is fully adopted. Another aspect is because they believe crypto increases crime rate and corruption, since some transactions will be done without anyone noticing them. Nevertheless, some of these government officials still take position in crypto, especially bitcoin when it dips. So let's not get it twisted, I'm not entirely against their views of crypto, they've been so many scams and insecurity in this space. We just hope for the best in future.
Many countries allow cryptocurrency trading and treat it as commodities. Even in some articles, it was mentioned that cryptocurrency is recognized as a digital asset and many online stores already accept cryptocurrency. The government cannot hinder the development of crypto because crypto is technology
The one that will make everything gets out of out of hand for government is this new ones that is about to be unveil, which I think will be the coin to create the biggest and fastest awareness for users of cryptocurrency would be that of Libra coin. Facebook Libra coin will be the major threat to government as many people will get to know more of cryptocurrency as they adopt it too.
There are some countries that are already giving support to cryptocurrency. With time, some countries will start having their own currency in form of digital currency. The earlier they start, the better for them
Although, some of them are waiting first for more adoption before lunching in.
Although, some of them are waiting first for more adoption before lunching in.
Things would be much harder for them to control if cryptocurrencies are traded peer-to-peer. The anonymity part wouldn't matter much if seizing or censorship of cryptocurrency remains difficult or impossible.
Any government wants to have control over cash flows. There are even attempts to create national cryptocurrencies (altcoins). But altcoin should be popular and in demand, only then it will have a good price. They're unsatisfied because money passes them by.
Governments understand that they need to somehow deal with anonymity in the cryptocurrency sphere and they are constantly working on the latest technologies that can control cryptocurrency and fight with anonymity.
The government is still concerned that crypto currencies will affect the currencies of future governments. For example, Facebook launched its stable coin but was opposed by alliance countries as an example
Governments understand that they need to somehow deal with anonymity in the cryptocurrency sphere and they are constantly working on the latest technologies that can control cryptocurrency and fight with anonymity.
The government is still concerned that crypto currencies will affect the currencies of future governments. For example, Facebook launched its stable coin but was opposed by alliance countries as an example
Government always scared over cryptocurrencies because cryptocurrency controlling is too much tough for government authorities, it's decentralisations make difficult to ensure how it's running! government want to control cryptocurrency because they want taxes from economical activities, but cryptocurrency is decentralized and it's difficult to observation.
Governments understand that they need to somehow deal with anonymity in the cryptocurrency sphere and they are constantly working on the latest technologies that can control cryptocurrency and fight with anonymity.
Right, they are studying and having case study on how they shall implement rules and regulations so that crypto transactions won't be stopped. It's very alarming for the gov't if most of the people are now into crypto but that won't happen because there's still a huge number of people that are not oriented with crypto and not open with the technology.
Maybe the government will adopt Crypto by making stable coins in the future. That's what I'm thinking right now.
But for now, the government is still banning the use of crypto and secretly making a surprise by starting the adoption of blockchain technology in their administrative systems and always making updates every time.
I think the government always thinks about the price of crypto which changes every time because of that they still forbid it for transactions and do not prohibit its people from investing
But for now, the government is still banning the use of crypto and secretly making a surprise by starting the adoption of blockchain technology in their administrative systems and always making updates every time.
I think the government always thinks about the price of crypto which changes every time because of that they still forbid it for transactions and do not prohibit its people from investing
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