Topic: What is the main reason Behind Crypto Ban From Many Countries? - page 3. (Read 442 times)
February 14, 2018, 02:50:40 PM
Constant fluctuations impact on the financial market
February 14, 2018, 02:49:09 PM
The reason that ALL the countries has the interest to control their money.
It helps the financial system to be stronger, prevents people without knowledge to lose their money( stronger financial system), and the government can control the inflation and to print money if they need to.
The financial system of most of the country is stable just because the government has a control over the money, the can block suspicious movements, which helps to prevent terror and such.
Governments can't control bitcoin, so bitcoin aims to destroy the stability, and that's why the banks and governments afraid of that and are trying to block it when it's small and not so dangerous.
It helps the financial system to be stronger, prevents people without knowledge to lose their money( stronger financial system), and the government can control the inflation and to print money if they need to.
The financial system of most of the country is stable just because the government has a control over the money, the can block suspicious movements, which helps to prevent terror and such.
Governments can't control bitcoin, so bitcoin aims to destroy the stability, and that's why the banks and governments afraid of that and are trying to block it when it's small and not so dangerous.
February 14, 2018, 02:49:03 PM
1. Money laundering/corruption that also goes in with cryptocurrencies that is much harder for governments to identify and stop compared to when FIAT is used.
2. Taxes are much harder to be levied and much tax revenue is lost.
3. Pressure from corporates to stop their competition/fear of the unknown.
4. Price manipulation (it's possible, I don't personally believe it)
5. Protecting investors from the many scams and such within the market.
2. Taxes are much harder to be levied and much tax revenue is lost.
3. Pressure from corporates to stop their competition/fear of the unknown.
4. Price manipulation (it's possible, I don't personally believe it)
5. Protecting investors from the many scams and such within the market.
It makes sense for your thinking, it could be that each country will use the bitcoin currency as the main currency of course if the whole world negotiates it, using bitcoin as the world currency, because we know that bitcoin is very good for a country with very high corruption rate. ..
February 14, 2018, 02:44:21 PM
Those bans might be temporary. Some countries are making rules and regulations regarding cryptocurrencies. They're trying to make fiat and digital currency to co-exist. So until then, we will still see some countries to ban cryptocurrencies for a while. I can see that the government will benefit the most in the blockchain technology so in the long run we will be free from crypto bans.
February 14, 2018, 02:42:23 PM
1. Money laundering/corruption that also goes in with cryptocurrencies that is much harder for governments to identify and stop compared to when FIAT is used.
2. Taxes are much harder to be levied and much tax revenue is lost.
3. Pressure from corporates to stop their competition/fear of the unknown.
4. Price manipulation (it's possible, I don't personally believe it)
5. Protecting investors from the many scams and such within the market.
2. Taxes are much harder to be levied and much tax revenue is lost.
3. Pressure from corporates to stop their competition/fear of the unknown.
4. Price manipulation (it's possible, I don't personally believe it)
5. Protecting investors from the many scams and such within the market.
February 14, 2018, 02:36:03 PM
Many countries are trying to stop bitcoin trading and they have banned cryptocurrency from the country. But why they are doing like this? Where people are going to rich by Bitcoin, They are getting huge benefit by its. Then why government trying to pull down Bitcoin? What is the main reason? Please share your thought.
Thank You
Thank You
The main reasons why governments refuse to accept BTC in my opinion are just a few:
- they can not control it
- can not take a tax
- and there is even a small anonymity in the crypto market
February 14, 2018, 02:06:52 PM
Many countries are trying to stop bitcoin trading and they have banned cryptocurrency from the country. But why they are doing like this? Where people are going to rich by Bitcoin, They are getting huge benefit by its. Then why government trying to pull down Bitcoin? What is the main reason? Please share your thought.
Thank You
Thank You
The possibility in terms of my speculation about the ban around the world, it's just a joke they make, so they expect you to dump your bitcoin, until bitcoin prices have dropped in recent months, so this is their chance to buy your bitcoin, when bitcoin touching at a cheap price, so why does every country make a joke like this ...
February 14, 2018, 02:01:45 PM
I can think of a few reasons that they want to "ban" it and those mainly are
1) Taxation
2) Scared of Freedom
1) Taxation
2) Scared of Freedom
Ahahah ....All true!
February 14, 2018, 02:00:47 PM
Many countries are trying to stop bitcoin trading and they have banned cryptocurrency from the country. But why they are doing like this? Where people are going to rich by Bitcoin, They are getting huge benefit by its. Then why government trying to pull down Bitcoin? What is the main reason? Please share your thought.
Thank You
Thank You
It's true that people can make huge money out of bitcoin, It is not true that the government will benefit from this because as of the moment, bitcoin doesn't have any tax on some country.
I was thinking of this reason why government really against about the bitcoin circulation.
- They wanted to know all the money movement of the people to put some tax on it. (as of the moment, only bank transaction can be monitor by the government)
- They wanted to protect people, especially newbies in trading in a big loss that they will experience because of the bitcoins volatile. Because I think that they are thinking if this happens, people who lose their money thru investment will add burden to the government.
February 14, 2018, 01:53:27 PM
I can think of a few reasons that they want to "ban" it and those mainly are
1) Taxation
2) Scared of Freedom
1) Taxation
2) Scared of Freedom
February 14, 2018, 01:52:13 PM
Many countries are trying to stop bitcoin trading and they have banned cryptocurrency from the country. But why they are doing like this? Where people are going to rich by Bitcoin, They are getting huge benefit by its. Then why government trying to pull down Bitcoin? What is the main reason? Please share your thought.
Thank You
Thank You
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