War on cryptocurrency! - page 28. | Bitcointalksearch.org

Wonder_woman

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Quote from: mikan111 on January 16, 2018, 04:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

Because of instead of people investing on usual business which could pay tax, many investors invest in crypto which can`t even pay tax or have any regulations.

spongegar

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For one thing, crypto currency is new and they don't know how to deal with it. Next is these countries have been very much reliant on fiat. Lastly, they don't see how to profit from crypto currency yet. But the conspiracy theorist in me is saying that these countries have a vested interests in banks and fiat that the threat of a crypto currencies world is real.

Lorence.xD

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Quote from: batang_bitcoin on January 17, 2018, 01:19:38 AM

Quote from: mikan111 on January 16, 2018, 04:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

What can we expect from the centralized government that doesn't want decentralized crypto? They are well aware of what crypto's can do to the economy and as early as it is now they are recognizing the power of what crypto's can do. They are trying their best to regulate or ban bitcoin/crypto to avoid future conflict when it comes to their interest even the convenience of the people investing there will be sacrificed. And there are few countries that even started their very own crypto but its a failure.

Crypto currency competition is never ending, and a lot more to come, the issue on Regulation by each government on the digital crypto currency trading on this country will be more visible since the level of acceptance still facing resistance, yet, the business community are now talking about this issue, i am optimistic that it will be resolved in no time. Bitcoin or digital transaction remains on the market with stable price market value as posted, yes, the market are volatile, but it is but normal in every trading market.

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those who combat crypto are those who share the same thoughts. negative thinking on crypto, and other countries also follow. whereas for countries that have received crypto well, they have a much broader thinking for the future of a transaction and digital investment.

Lorna111

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Quote from: batang_bitcoin on January 17, 2018, 01:19:38 AM

Quote from: mikan111 on January 16, 2018, 04:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

What can we expect from the centralized government that doesn't want decentralized crypto? They are well aware of what crypto's can do to the economy and as early as it is now they are recognizing the power of what crypto's can do. They are trying their best to regulate or ban bitcoin/crypto to avoid future conflict when it comes to their interest even the convenience of the people investing there will be sacrificed. And there are few countries that even started their very own crypto but its a failure.

I would say a lot of competition now posted on the market, every one would want to have their ALT coin on the number one status, we are aware of the issues on Regulation posted vs. crypto currency, the digital transaction is facing a lot of resistance by the government regulation, yes, we can see the emerging crypto coin by each business community or even the government. It is the question of stability, fundamentals, and the level of acceptance for the said coin on the market treed. This will be the never ending war or competition on the trading market.

maitexisi

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It's all about control and taxes. The government can't control the cryptocurrency. Investing in crypto-currencies is like putting your money abroad, which can have a destabilizing impact on the national economy.

So the government imposed regulation.

viananda2525

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Quote from: Sled on May 28, 2018, 09:04:50 PM

They are declaring war on cryptocurrenncies because they know that it is a threat for their country. Cryptocurrencies has a lot of positive things or characteristic from itself and one of the best is the decentralization that the people would love to have in the future because it is freedom and there is no controlling that will happen and that is the worst case scenarios that the government are afraid of, so they are trying to stop cryptocurrencies by declaring a war.

they want to control it , in order to get taxes.money that circulate in cryptomarket have big value.so they want to money from this.and one of their strategy is declare war with it.

Sadlife

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That's a bit an over exaggerated expression governments are just planning on regulating it because many people are reporting of getting scammed by this so called ICO. Governments fear Bitcoin and other altcoins cause they think it's illegal and nothing but a ponzi scheme that's why they wont adapt and accept it.

Sled

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They are declaring war on cryptocurrenncies because they know that it is a threat for their country. Cryptocurrencies has a lot of positive things or characteristic from itself and one of the best is the decentralization that the people would love to have in the future because it is freedom and there is no controlling that will happen and that is the worst case scenarios that the government are afraid of, so they are trying to stop cryptocurrencies by declaring a war.

andrei56

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Quote from: mikan111 on January 16, 2018, 04:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

You are exaggerating, it is true that lately we have seen many governments implementing regulations to the market of cryptocurrencies and even if we do not like it, it was obvious something like that was coming especially if we take into account the huge growth that cryptocurrencies had in the last quarter of the previous year, but that does not mean that a more open war against cryptocurrencies cannot start in the future.

valentine401

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Quote from: mikan111 on January 16, 2018, 04:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

They can start a way but they will never win just like drugs that they can remove in their own country, cryptocurrency is helping the lives of different people so they will not be able to stop people because it was a good thing for everyone.

sirminesalot

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Quote from: joebrook on May 28, 2018, 05:25:29 PM

Quote from: mikan111 on January 16, 2018, 04:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

Not every country is declaring war on cryptos. Some countries like Japan which is the hub of the crypto currency world is the best place for cryptos. They have regulated it to the extent that they make money from crypto users.

when we see the country and also yesterday in the G-20 Actually many countries are not refusing. but they are natural in the perception of opinion towards cryptocurrency. this signifies not a war. indeed there are some countries that hate cryptocurrency

joebrook

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Quote from: mikan111 on January 16, 2018, 04:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

Not every country is declaring war on cryptos. Some countries like Japan which is the hub of the crypto currency world is the best place for cryptos. They have regulated it to the extent that they make money from crypto users.

kodtycoon

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Quote from: mikan111 on January 16, 2018, 04:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

I guess that's not true, because right now governments in many countries are fighting terrorists! I do not know what's wrong with crypto so the government declares war on crypto, crypto is not something evil and crypto is not something that harms the crowd. Crypto has a unique appeal I guess, so fighting crypto is not very feasible and it's not something nice I guess.

PacePay

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Quote from: East2011 on May 28, 2018, 08:28:05 AM

Quote from: mikan111 on January 16, 2018, 04:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

Even though there are so many countries that don't want cryptocurrency in their country. There are still more countries that want cryptocurrency. And i am so happy that my country is starting to accept cryptocurrency.

But now that war is ended and now the governments failed in that war because the SEC has announced to the governments that bitcoin is the future and it will work in the coming digital era and they announced that now any regulation will not be made by any governments which will harm bitcoin. Now after that people do not worry that any government will harm it and after that the market of bitcoin is much better.

beginneraf

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Quote from: webdevmastery on May 28, 2018, 03:15:19 PM

Quote from: mikan111 on January 16, 2018, 04:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

The government does not really hate cryptocurrency but they hate the way how bitcoins is affecting their own business, if people will focus on placing money on cryptocurrency then government will have low amount of funds since bitcoins does not have any taxes applied on it.

Very well said! The government's way of earning for a living is the taxes that it could get from the citizens that is why they rely on FIAT. If all citizens would use bitcoin, the government will have a hard time implementing tax laws a take taxes from the citizens. It is still a major issue till today.

webdevmastery

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Quote from: mikan111 on January 16, 2018, 04:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

The government does not really hate cryptocurrency but they hate the way how bitcoins is affecting their own business, if people will focus on placing money on cryptocurrency then government will have low amount of funds since bitcoins does not have any taxes applied on it.

Similificator

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Quote from: mikan111 on January 16, 2018, 04:42:40 PM

Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?

Well, that is completely natural since they have close minded minds and often just go and judge every single thing including cryptos without even verifying what they think or if it is true or not. they are trapped and beyond saving. all we can do is watch them and try not to care because there is no good convo with a closed mind.

bocyaj

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The first fear of government is ,If the crypto currency replace the FIAT.The economy of that country will reduce and government will face the financial issues.Inorder prevention is better than cure concept,government start to ban the crypto currency in Advance.But they can't control the usage of bitcoin in their country.

bitcoinFPT

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Quote from: Ashleybarnes2 on March 08, 2018, 07:23:40 AM

I think this "war" has a long way left bofore we see the back of it

Many governments banned bitcoin for the following reasons:

- They have not managed bitcoin, so they are worried that they will be losing revenue from bitcoin
- they are afraid that their citizens are cheated, lost in digital money transactions because many investors even if they have no ide of what they are dealing with
Picking the wrong time to buy and sell will cause them to go bankrupt causing the consequences for the national economy
For developed countries like Japan..., they are allowing crypto curency to use in public with taxation and big regulation system, this is the way to help the development of the country
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