Contrary to the legal currency used by various countries, Bitcoin is a decentralized currency. Using Bitcoin can bring us a lot of benefits and freedom, but its characteristics will not be controlled by anyone, and the government cannot control it and it is difficult to obtain benefits from it.
Others will use cryptocurrency for some illegal activities, and most countries will not want to legalize it because it is difficult to control.
Topic: Why Cryptocurrency is not Legalized Despite the Many Benefits - page 5. (Read 1133 times)
September 09, 2021, 03:01:59 AM
September 09, 2021, 01:46:21 AM
Illegal as payment method here, but its legal when we keep it as asset and investment.
The untrackable transaction is one of many factor thats why Bitcoin still not legalized in many areas, and some of them use blockchain to hide their money from taxes. But as the time will go, Bitcoin will legal in many areas (with certain rules), i think the government is on thats direction, they just confused how to make the right regulation with it.
Many countries ban cryptocurrencies because someone loses part of their money due to cryptocurrencies. Scammers scam money in cryptocurrency.The untrackable transaction is one of many factor thats why Bitcoin still not legalized in many areas, and some of them use blockchain to hide their money from taxes. But as the time will go, Bitcoin will legal in many areas (with certain rules), i think the government is on thats direction, they just confused how to make the right regulation with it.
But no matter what industry there will be scammers, I hope that all countries will legalize Bitcoin.
But the good news is that more and more factories, companies and supermarkets are using cryptocurrency to issue remuneration and payments.
September 08, 2021, 06:46:10 AM
Government needs centralization for economic, political and social control. Money is what flows through and nourishes a regime. So currency control is the premise and prerequisite of a country. Bitcoin is a decentralized currency so it does not match the views of the rulers of the countries. So far only El Salvador is using Bitcoin because they don't have their own currency (using the dollar). El Salvador will be a test for countries to consider using Bitcoin.
it will really be a sample for other countries to consider using bitcoin in their country.when El Salvador manages to manage their finances with bitcoins which they do legalize as a transaction tool, I'm sure the big countries will start paying attention to the use of bitcoins more wisely.
September 08, 2021, 06:40:49 AM
Government needs centralization for economic, political and social control. Money is what flows through and nourishes a regime. So currency control is the premise and prerequisite of a country. Bitcoin is a decentralized currency so it does not match the views of the rulers of the countries. So far only El Salvador is using Bitcoin because they don't have their own currency (using the dollar). El Salvador will be a test for countries to consider using Bitcoin.
September 08, 2021, 02:29:54 AM
Cryptocurrency poses a certain threat to the national currency, and the decentralization of cryptocurrency is not controlled and influenced by the government.
National governments pay more attention to their own interests. Some countries do not legitimize cryptocurrency because they cannot control it or obtain benefits from it.
Bitcoin price volatility will also have certain risks, which will cause some economic losses, and it will not be accepted by more people.
If only the people will have the power to legalize the use of crypto but sad to say the government officials will always have the final say and that their decision will always be fixed and final. And knowing that the government is totally opposed with the decentralized nature of crypto so it has no way that it will be ever legalized. But of course the government laws and policies will always vary like El Salvador had and so they come up legalizing bitcoin and eventually adopting it as a legal tender.National governments pay more attention to their own interests. Some countries do not legitimize cryptocurrency because they cannot control it or obtain benefits from it.
Bitcoin price volatility will also have certain risks, which will cause some economic losses, and it will not be accepted by more people.
However, there are also reports that crypto or certainly bitcoin is involved in different scamming and money laundering so maybe the government is also considering that case and think that it will never bring any good to the people.
September 08, 2021, 01:49:43 AM
if its not legalized why we are here and why i can use my cryptos to buy stuffs ?
it is legalized mate but maybe not all countries are doing it but despite of that i think they also know how useful crypto was but their bad side or selfish side overcomes them .
your statement was correct but for the last part i think that altcoins are created mainly because btc was slower and expensive back time but btc improved a lot lately .
because every country has different regulations on bitcoin and crypto. some have legalized bitcoin and crypto as futures investment assets, some have legalized bitcoin and crypto as legal tender.it is legalized mate but maybe not all countries are doing it but despite of that i think they also know how useful crypto was but their bad side or selfish side overcomes them .
your statement was correct but for the last part i think that altcoins are created mainly because btc was slower and expensive back time but btc improved a lot lately .
as did the government of El Salvador regarding the use of bitcoin as their legal tender. despite much opposition, they still do it as a payment alternative to fiat.
but in some countries, there is only bitcoin and crypto legalization as a futures investment asset and cannot be used as a means of payment. although some still use it. there are no restrictions on the ownership of bitcoin and crypto assets.
September 08, 2021, 01:41:10 AM
Cryptocurrency poses a certain threat to the national currency, and the decentralization of cryptocurrency is not controlled and influenced by the government.
National governments pay more attention to their own interests. Some countries do not legitimize cryptocurrency because they cannot control it or obtain benefits from it.
Bitcoin price volatility will also have certain risks, which will cause some economic losses, and it will not be accepted by more people.
National governments pay more attention to their own interests. Some countries do not legitimize cryptocurrency because they cannot control it or obtain benefits from it.
Bitcoin price volatility will also have certain risks, which will cause some economic losses, and it will not be accepted by more people.
September 07, 2021, 11:37:44 PM
if its not legalized why we are here and why i can use my cryptos to buy stuffs ?
it is legalized mate but maybe not all countries are doing it but despite of that i think they also know how useful crypto was but their bad side or selfish side overcomes them .
your statement was correct but for the last part i think that altcoins are created mainly because btc was slower and expensive back time but btc improved a lot lately .
it is legalized mate but maybe not all countries are doing it but despite of that i think they also know how useful crypto was but their bad side or selfish side overcomes them .
your statement was correct but for the last part i think that altcoins are created mainly because btc was slower and expensive back time but btc improved a lot lately .
September 07, 2021, 11:27:29 PM
Actually many people just don't believe in crypto. They consider it to be a fraud, but I think that the reason for it is that they are not familiar with this world.
It is not very convenient in usage now compared to ordinary financial systems, so not all people want to study how it works. I just hope that legalisation of crypto is just a question of time when all people will evaluate its benefits.
It is not very convenient in usage now compared to ordinary financial systems, so not all people want to study how it works. I just hope that legalisation of crypto is just a question of time when all people will evaluate its benefits.
That was the case two years ago, but the situation has changed since then. A majority of the world population now believes that cryptocurrency (and Bitcoin in particular) is a genuine innovation. Only a few elderly people still believe that it is a Ponzi scheme. But as time progresses, the user base is increasing and many of those who were previously hostile towards the idea of cryptocurrency will start using it. And although it hasn't made any big moves in the market, the step by El Salvador in making Bitcoin the legal tender was one of the most important milestones so far.
September 07, 2021, 10:52:25 PM
Actually many people just don't believe in crypto. They consider it to be a fraud, but I think that the reason for it is that they are not familiar with this world.
It is not very convenient in usage now compared to ordinary financial systems, so not all people want to study how it works. I just hope that legalisation of crypto is just a question of time when all people will evaluate its benefits.
It is not very convenient in usage now compared to ordinary financial systems, so not all people want to study how it works. I just hope that legalisation of crypto is just a question of time when all people will evaluate its benefits.
September 06, 2021, 02:03:23 AM
The decentralized nature of cryptocurrency and freedom from any control are difficult to be accepted and legalized by the governments of some countries. The government cannot supervise and control Bitcoin. They worry that it will disrupt the original financial and economic system and have an adverse effect.
But cryptocurrency does bring us many benefits and positive influences. Its emergence has changed our thinking and brought freedom for the better.There are now more and more institutions using cryptocurrency technology, and many countries are considering using Bitcoin as a legal currency. If cryptocurrency is legalized in the world, it will take a lot of time.
But cryptocurrency does bring us many benefits and positive influences. Its emergence has changed our thinking and brought freedom for the better.There are now more and more institutions using cryptocurrency technology, and many countries are considering using Bitcoin as a legal currency. If cryptocurrency is legalized in the world, it will take a lot of time.
September 04, 2021, 11:59:24 PM
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The sad reality is that the government doesn't want people to have an easy life but they just wanted to feel hard and waste their time with the file of workloads in which we can make it better and be more productive with the aid of crypto. It was just the government don't like it and another reason is that they can't get benefits from crypto as they are not in control of this. Too sad to say like that but they are too selfish and there is no way to spare us but they are happy to see their people keep on suffering while these leaders are enjoying their life. I'm definitely not against with the government but in this case, i feel like its unfair. But i cannot blame the government too maybe because they think bitcoin is the root of all scamming and money laundering. So let's just leave it that way. Maybe its a matter of time that there will be new sets of government officials that are more open to new technologies and are more transparent in their motives.
The government will not just legalize something because it provides many benefits for the population. The government will see if legalizing
cryptocurrencies brings a lot of problems or provides a lot of benefits for the government itself. But the reality is that cryptocurrencies are difficult
to control, their prices are volatile and can also be used for illegal activities. This makes the government not legalize crypto completely,
usually the government only legalizes crypto as a digital asset. Many countries still prohibit using crypto as a means of payment, there are even
countries that prohibit the use of crypto completely. So if we live in a country that still legalizes crypto as a digital asset, without being able to use
crypto as payment. We must be grateful for this, because at least we can still use crypto, hopefully the government will change its mind someday.
September 04, 2021, 11:47:59 PM
To my knowledge the first cryptocurrency was Bitcoin. Do you agree?
Since 2009 Bitcoin was launched by a person on behalf of Satoshi Nakamoto (aka) there have been very many positive things that have been obtained by people in the cryptocurrency space. Because Bitcoin has a limited stock, thus making the price of BTC expensive and then in anticipation of people being able to invest in crypto, Altcoins were born as an alternative.
Please give suggestions if my post is not correct.
Since 2009 Bitcoin was launched by a person on behalf of Satoshi Nakamoto (aka) there have been very many positive things that have been obtained by people in the cryptocurrency space. Because Bitcoin has a limited stock, thus making the price of BTC expensive and then in anticipation of people being able to invest in crypto, Altcoins were born as an alternative.
Please give suggestions if my post is not correct.
Even if we don't agree that the first cryptocurrency is bitcoin, then what reference do we want to give for the truth, BItcoin was launched by someone who called himself Satoshi Nakamoto, but no one has been able to prove where he lives until now .
Many people believe bitcoin to be the most expensive because of the limited number, but when compared to other coins, this reason is undeniable, there are also many coins that are created in limited quantities but the price of the coin is not able to match the price of bitcoin.
September 04, 2021, 11:39:59 PM
Decisions on the legalization of cryptocurrency are made by states and their governments. Cryptocurrency benefits people, not governments and government agencies. Therefore, they are in no hurry to legalize it. At the same time, it should be recognized that despite this, so far in a significant majority of states, cryptocurrency is either legalized, or they intend to legalize it, or is allowed to circulate by the silent government. Therefore, while the situation with the circulation of cryptocurrency is quite good, it continues to spread rapidly around the world.
September 03, 2021, 02:18:04 AM
Different countries will decide whether to legalize Bitcoin according to their national conditions and policies. Bitcoin is not illegal in all countries. El Salvador has already used Bitcoin as a legal currency.
The use of Bitcoin allows the freedom of funds and is completely controlled by individuals. Some countries ban Bitcoin because its high degree of decentralization is different from the traditional financial system, which limits the government's control of capital interests. But with the passage of time and the popularity of cryptocurrency, it is allowed to invest in Bitcoin in most countries.
The use of Bitcoin allows the freedom of funds and is completely controlled by individuals. Some countries ban Bitcoin because its high degree of decentralization is different from the traditional financial system, which limits the government's control of capital interests. But with the passage of time and the popularity of cryptocurrency, it is allowed to invest in Bitcoin in most countries.
September 02, 2021, 02:08:32 AM
There are many reasons for this, but basically I see that it is not yet universally accepted because there must still be objections. Just like you see a benefit, but other people don't see it as a benefit, try a product like cannabis, and you'll see ' why?'.
Cryptocurrency still not fully accepted and recognized by every government and the most reason I see for this is because of incapability of taxation. Since crypto is fully decentralized system it is hard for the government to control and collect taxes on every transaction but despite of this failure they can never take down the crypto currency because of its unique blockchain technology system and as as long as there is internet then crypto may continue forever.
We can't be sure that they banned us from using it, but they still use it, no one knows. The controlling factor depends on one's perspective, and it depends on the economy or politics of each country. The problem is that life balance is unlikely, and the solution from blockchain or crypto will also be a double-edged sword and there will be opposing sides on that issue.
September 01, 2021, 10:41:51 AM
how will it be legalized because it can reduce the value of the official currency in our own country, and not all people can understand how to use crypto, and the security aspect is also not there and the risk of loss is also very large..
The important thing is that the state allows it. When the state has allowed cryptocurrencies, then security and risk must have a solution. I think that countries with the facilities they have will find it very easy to control crypto transactions and for sure they will still manage so that the value of the country's currency does not decrease.Many considerations force the government to impose a crypto ban.
some make the legalization of crypto assets as investment assets. not as a means of payment. some prohibit crypto mining or crypto companies in their country.
The most publicized reason I think is related to crypto which can be used as an alternative to money laundering and controlling taxes on crypto asset ownership.
September 01, 2021, 10:32:14 AM
The only reason is that governments are against to decentralization, governments are those who control many things in our lives and everyone who is earning money by their properties will have the tax which is they cannot do it with cryptocurrency so they keep on restricting cryptocurrency.
We know that there is so many advantages that we can have in the world of cryptocurrency, we can see it but there are also a lot of disadvantages as there are so many crimes such as hacking, scammin,g and laundering in the world of crypto and I think that is also one of the reasons why they don't legalized cryptocurrency.
The sad reality is that the government doesn't want people to have an easy life but they just wanted to feel hard and waste their time with the file of workloads in which we can make it better and be more productive with the aid of crypto. It was just the government don't like it and another reason is that they can't get benefits from crypto as they are not in control of this. Too sad to say like that but they are too selfish and there is no way to spare us but they are happy to see their people keep on suffering while these leaders are enjoying their life. We know that there is so many advantages that we can have in the world of cryptocurrency, we can see it but there are also a lot of disadvantages as there are so many crimes such as hacking, scammin,g and laundering in the world of crypto and I think that is also one of the reasons why they don't legalized cryptocurrency.
I'm definitely not against with the government but in this case, i feel like its unfair. But i cannot blame the government too maybe because they think bitcoin is the root of all scamming and money laundering. So let's just leave it that way. Maybe its a matter of time that there will be new sets of government officials that are more open to new technologies and are more transparent in their motives.
September 01, 2021, 10:08:50 AM
The only reason is that governments are against to decentralization, governments are those who control many things in our lives and everyone who is earning money by their properties will have the tax which is they cannot do it with cryptocurrency so they keep on restricting cryptocurrency.
We know that there is so many advantages that we can have in the world of cryptocurrency, we can see it but there are also a lot of disadvantages as there are so many crimes such as hacking, scammin,g and laundering in the world of crypto and I think that is also one of the reasons why they don't legalized cryptocurrency.
The sad reality is that the government doesn't want people to have an easy life but they just wanted to feel hard and waste their time with the file of workloads in which we can make it better and be more productive with the aid of crypto. It was just the government don't like it and another reason is that they can't get benefits from crypto as they are not in control of this. Too sad to say like that but they are too selfish and there is no way to spare us but they are happy to see their people keep on suffering while these leaders are enjoying their life. We know that there is so many advantages that we can have in the world of cryptocurrency, we can see it but there are also a lot of disadvantages as there are so many crimes such as hacking, scammin,g and laundering in the world of crypto and I think that is also one of the reasons why they don't legalized cryptocurrency.
September 01, 2021, 09:52:13 AM
how will it be legalized because it can reduce the value of the official currency in our own country, and not all people can understand how to use crypto, and the security aspect is also not there and the risk of loss is also very large..
The important thing is that the state allows it. When the state has allowed cryptocurrencies, then security and risk must have a solution. I think that countries with the facilities they have will find it very easy to control crypto transactions and for sure they will still manage so that the value of the country's currency does not decrease. Jump to: