Topic: What are the reasons behind banning cryptos? - page 9. (Read 2117 times)
With the ban of cryptocurrency, the authorities avoid permissiveness and impunity. Criminals, scammers anyone who can, will enjoy the benefits of blockchain technology, because the sender can not be tracked! But no matter how hard countries try to fight with cryptocurrency, there is always someone who will use it, because it is convenient. Otherwise we'll have to take everyone's computers.
Some countries have already banned cryptos. But i am not sure behind the reasons. Could you please share your thoughts on the reasons of banning cryptos?
Regards
There are two main reason, one reasons is officially stated by almost every aforementioned country: cryptocurrencies are banned because of security issues. The second reasons are usually not stated officially but is largely implied. It is directly associated with cryptocurrencies being decentralized: cryptocurrencies allow people to trade directly with each other (peer to peer), cutting out the need for a middleman, which traditionally is a bank. Regards
Some countries have already banned cryptos. But i am not sure behind the reasons. Could you please share your thoughts on the reasons of banning cryptos?
Regards
Regards
Some reason why the government banning cryptocurrency in their country because they think that investing crypto may risk their people from any losses as this is one of the main concern of many people due huge dropping of investment and no assurance of recovering.
Some countries have already banned cryptos. But i am not sure behind the reasons. Could you please share your thoughts on the reasons of banning cryptos?
Regards
I think the reason why some government banned crypto to their country because there many people used crypto to scam people and some people used bitcoin for buying illegal drugs, weapon, extortion and other criminal things that is why they totally banned crypto currencies. Regards
Some countries have already banned cryptos. But i am not sure behind the reasons. Could you please share your thoughts on the reasons of banning cryptos?
Regards
I think the reason why some government banned crypto to their country because there many people used crypto to scam people and some people used bitcoin for buying illegal drugs, weapon, extortion and other criminal things that is why they totally banned crypto currencies. Regards
Some countries have already banned cryptos. But i am not sure behind the reasons. Could you please share your thoughts on the reasons of banning cryptos?
Regards
Regards
I think this is as a result of fraudulent activities in certain countries that banned crypto currency
1. they want to prevent their citizens from been victims of fraud or fake ico
2. they are trying to prevent money from been laundered by their top government officials and thus prevent corruption.
3. some countries however just don't want crypto currency in their nation for any reason.
Some countries have already banned cryptos. But i am not sure behind the reasons. Could you please share your thoughts on the reasons of banning cryptos?
Regards
Regards
Many states see in the crypto currency a threat to their national currency. Also, due to the lack of regulations, many of them do not want their investors to put themselves at risk.
I do not understand these actions, I do not understand why people do not accept crypto-currencies and start panicking. Those who for a long time in кpиптoвaлaлютax already many times spoke that similar happens and now people need only be tolerated. Otherwise, they will all lose
some people can use it for bad deeds and the government does not like this just because with Cryptos, everyone can have full control over his transactions without an external body knowing what's going on under the carpet
Governments and big companies already feel the threat, and because of that they will make actions against cryptocurrency, but of course they will not will because not all countries are against with this technology and later on they have no choice but the adopt the system. Decentralization of crypto is the main problem to any country because people use these platforms for criminal activities like money laundering and government officials are unable to trace them because transactions are invisible. That is the reason why government don't support crowdfunding.
To add to that it is also impossible for the government of a country to implement taxation in everyday transactions that is happening in crypto exchanges. Unlike in centralized banks where they can implement the taxation in the banks themselves unlike in crypto where all of the exchanges are from different countries.
some people can use it for bad deeds and the government does not like this just because with Cryptos, everyone can have full control over his transactions without an external body knowing what's going on under the carpet
many of the factors that made crypto is forbidden. the main problem can be in the price because crypto is too volatile so naturally many countries do not want them to enter society in the areas at risk. In addition, the crypto also feared for him undue activity such as drug and weapons deals.
The biggest one, it's taxes, we are just batteries for economics. Who need defective batteries?
Some countries have already banned cryptos. But i am not sure behind the reasons. Could you please share your thoughts on the reasons of banning cryptos?
Regards
Regards
The reason of banning of cryptos are follow allegation use for the illegal activities like terrorism use for illegal drugs transaction but there are nothing complete evidence and also governemnt from the different country ban crypto's because they want to regulate it and want to control cryptos because they want to collect taxes as currency.
there are many reasons why some countries banned cryptocurrency, one of the reasons is the fear of losing investors of a conventional bank for switching to invest in cryptocurrency, this is because there is no regulation of cryptocurrency.
Huge platforms are trying to avoid future risks with a an investigations against crypto-related projects. This industry is full of scammers so we have to wait some news about fraud projects.
Decentralization of crypto is the main problem to any country because people use these platforms for criminal activities like money laundering and government officials are unable to trace them because transactions are invisible. That is the reason why government don't support crowdfunding.
I live in a country where cryptocurrency is likely to be a great way to launder money just the same officials! In General, cryptocurrencies hide a threat to the economies of countries.
frankly the government is just stuck in an ancient understanding that they always believe. they do not see and do not want to learn the technology of the future and not a few governments get conflict and intervention from local financial and banking companies that force the government to ban crypto and convince the government that crypto is a business full of risk and fraud.
Governments don't like stuff what they can't control but it can have a considerable effect on their financial sector. Also it's easier to prevent bubbles on an unregulated market this way than dealing with the fallout.
well anything that is decentralized will be heavily targeted by the worldwide financial sectors / government because they are unable to control it.
They are afraid their fiat has no use in the real world hence they are creating alot of FUD for investors.
But i still believe blockchain is here to stay because alot of the banks are secretly developing their crypto
They are afraid their fiat has no use in the real world hence they are creating alot of FUD for investors.
But i still believe blockchain is here to stay because alot of the banks are secretly developing their crypto
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