I dont believe that rich people want to ban cryptocurrency, because this might be a good instrument to get more money and become even more richer. Why loosing such an opportunity. This is same like running a marathon and in the middle of it taking 1 shoe off, while trying to reach finish.
Banks are the ones who are against cryptocurrency, because crypto is stealing a part of their profit. However, they are not fully against crypto, as they are not a simple intermediary between crypto owner and fiat money. Some banks might plan to introduce crypto in their banking services (for example buy crypto directly from banking account dashboard) and that would be great.
Topic: Rich people causes cryptocurrency ban - page 8. (Read 1340 times)
I seen that cryptocurrency want to be highjacked by rich people, looking around countries currently, its noticeable that bitcoin increase everyday, every week and every months, the more rich people are investing with cryptocurrency the more government attacks cryptocurrency, most countries that values crypto today is having challenges with government, since bitcoin is important to the extent that top people invest on bitcoin why can't government alone adoption of bitcoin.The Rich's are causing eradication of cryptocurrency
Across the world.
Across the world.
For the record though, not all government are banning bitcoin because rich people are investing on it. Maybe we can see regulations, but majority are still allowing bitcoin to flourish, with Japan and Australia leading the way.
Bitcoin may not be adopted by government simply because they have gold as their main commodity or reserve assets or even USD.
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From my views I think that government the reason behind all these, is that them taught bitcoin is another device which people adopt for money laundering as you said, and most especially rich people who are in official position, because looking at the rate different countries is emphasising at btc as even its a crime to transact with cryptocurrency, I don't know when this mess will stop.
No, the bankers are causing the cryptocurrency ban, they are technically rich people but generalizing is not a helpful aspect of the argument. How come rich people invest money in bitcoin, look at Grayscale, Microstrategy, Tesla, Square and other companies that bought bitcoin, they are rich people then how on earth are they causing the ban when they are buying a lot of bitcoin, it won't be profitable for them if their peers were to ban bitcoin, the only reason that the rich are banning bitcoin is they are suppressing those below them.
*There are no big enterprises that accepts it yet and your local market wouldn't bother integrating their measly stall with cryptocurrency payment option.
*If we are being real, the only threat is the ability to use it for money laundering, doesn't matter how some people say that bitcoin is "pseudonymous", it can still be used.
From my views I think that government the reason behind all these, is that them taught bitcoin is another device which people adopt for money laundering as you said, and most especially rich people who are in official position, because looking at the rate different countries is emphasising at btc as even its a crime to transact with cryptocurrency, I don't know when this mess will stop. * If I many ask what is the major reason while some countries ruling class ban bitcoin transaction?
* What is the negative effects using crypto as currency?
* what harm does bitcoin contributes a country that can lead to ban?
*They are or might be threatened that bitcoin will give the people financial freedom even though they are investing in it.* What is the negative effects using crypto as currency?
* what harm does bitcoin contributes a country that can lead to ban?
*There are no big enterprises that accepts it yet and your local market wouldn't bother integrating their measly stall with cryptocurrency payment option.
*If we are being real, the only threat is the ability to use it for money laundering, doesn't matter how some people say that bitcoin is "pseudonymous", it can still be used.
* If I many ask what is the major reason while some countries ruling class ban bitcoin transaction?
* What is the negative effects using crypto as currency?
* what harm does bitcoin contributes a country that can lead to ban?
* What is the negative effects using crypto as currency?
* what harm does bitcoin contributes a country that can lead to ban?
Lose of control. One way of countries having control over their people is through the local currency. If Bitcoin ends up booming in that certain country, they lose a significant amount of control. The fact that they would most definitely take a hit in terms of taxes getting collected alone would heavily incentivize them to enforce a ban.
No, the bankers are causing the cryptocurrency ban, they are technically rich people but generalizing is not a helpful aspect of the argument. How come rich people invest money in bitcoin, look at Grayscale, Microstrategy, Tesla, Square and other companies that bought bitcoin, they are rich people then how on earth are they causing the ban when they are buying a lot of bitcoin, it won't be profitable for them if their peers were to ban bitcoin, the only reason that the rich are banning bitcoin is they are suppressing those below them.
*There are no big enterprises that accepts it yet and your local market wouldn't bother integrating their measly stall with cryptocurrency payment option.
*If we are being real, the only threat is the ability to use it for money laundering, doesn't matter how some people say that bitcoin is "pseudonymous", it can still be used.
* If I many ask what is the major reason while some countries ruling class ban bitcoin transaction?
* What is the negative effects using crypto as currency?
* what harm does bitcoin contributes a country that can lead to ban?
*They are or might be threatened that bitcoin will give the people financial freedom even though they are investing in it.* What is the negative effects using crypto as currency?
* what harm does bitcoin contributes a country that can lead to ban?
*There are no big enterprises that accepts it yet and your local market wouldn't bother integrating their measly stall with cryptocurrency payment option.
*If we are being real, the only threat is the ability to use it for money laundering, doesn't matter how some people say that bitcoin is "pseudonymous", it can still be used.
I seen that cryptocurrency want to be highjacked by rich people, looking around countries currently, its noticeable that bitcoin increase everyday, every week and every months, the more rich people are investing with cryptocurrency the more government attacks cryptocurrency, most countries that values crypto today is having challenges with government, since bitcoin is important to the extent that top people invest on bitcoin why can't government alone adoption of bitcoin.The Rich's are causing eradication of cryptocurrency
Across the world.
* If I many ask what is the major reason while some countries ruling class ban bitcoin transaction?
* What is the negative effects using crypto as currency?
* what harm does bitcoin contributes a country that can lead to ban?
Across the world.
* If I many ask what is the major reason while some countries ruling class ban bitcoin transaction?
* What is the negative effects using crypto as currency?
* what harm does bitcoin contributes a country that can lead to ban?
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