Topic: War on cryptocurrency! (Read 4228 times)
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.
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. Why is that?
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.
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.
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.
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.
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. 
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
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
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.
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.
Governments want to control cryptocurrency not fight with it. I think that they understand perfectly well how crypto will affect the development of the economy in the country.
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
Cryptocurrency is a tax free currency. It's not created, or issued by government. Thus, it is not control by government. The governments are against cryptocurrency because it is secure and decentralized currency. Why is that?
Many governments are opposed to cryptocurrency and blockchain, as technology develops, and government mechanisms become obsolete and thus limits government intervention in people's lives. Also, citizens don't declare their income from the sale of cryptocurrency which means they don't pay taxes.
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.
Most government organizations are against cryptocurrency as it as an impact on the economy of a nation, therefore Government must have an influence to control and regulate the affairs within space in other to earn taxes and also secure there citizen against scam. Also lots of people are yet to have a detail knowledge about the fundamental governing the space.
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
Simply because its transactions are anonymous and blockchain technology is helping terrorists deal a lot in the sale of weapons and drugs. But it still makes many businesses better at crypto trading.Why is that?
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
War against crypto today and regret later. The governments are fashioning this allegations against crypto because they fear the kind of power crypto takes from them and gives it back to the people in terms of owning control over the financial status and affairs. People who are against Bitcoin are just wasting their opportunity of making rich and enhancing their payments. Why is that?
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
many governments reject cryptocurrency due to various factors, the most common factor is that countries want to protect the value of their currencies because they are afraid that crypto can have a negative impact on the country's exchange rate, the second factor is that the state bank does not lose financial control if traders use crypto, and another factor is the possibility that crypto might be used as a tool for laundering money from crime ... Why is that?
in fact, the war on the cryptocurrency has long been declared by many governments in the world, one of which is the Chinese government. Chinese government declares war on cryptocurrencies because of the many reports of ICOs that scam and have cheat thousands of their investors, this is a concern by the government and makes them enemies of cryptocurrencies..
These governments simply want to get hold of cryptocurrency but it seems a bit difficult because of the decentralized nature of cryptocurrency. Due to this, some countries declare war on it by calling it several negative names and prohibiting it. It is however notable that as at now, some countries in the class of world's biggest economies are already supporting cryptocurrency.
they think that if a currency can`t be controlled than money laundering and illegal staff as well as the money in country would go easily outside the country by making more debts, so that`s why they don`t want it.
for that i think government is currently looking for solutions to anticipate money laundering, and other things that need to be considered as well. with rampant money laundering by officials, it will certainly harm country Jump to: