Topic: Why Cryptocurrency is not Legalized Despite the Many Benefits - page 8. (Read 1117 times)
I think with bitcoins and cryptos for sure the government can't deny their effectiveness compared to fiat, but they never understood how bitcoin and crypto work it's uncontrollable. Second, negative effects from evils such as Mt gox, Silk road, etc. Third, crypto is the strength of decentralization. However, Bitcoin legalization is just a war of time, El Salvado has done it and I think a lot of countries will follow this idea and importantly where you live, how you use it, it will determine the integrity of the matter.
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.
actually mate using simple research in Google you can obtain specific information immediately when it comes what are the difference, advantages and disadvantages between altcoin and bitcoin and lastly when these assets born and etc, 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.
indeed it's very simple if you will use those keywords that you've mentioned above, wherein all the related content will be displayed in front of your screen without further do. So just do it if you want to know something about crypto currency,, it's a big help to be honest..
Countries will never allow money that they cant control. And gov dont see any profits in crypto
Because governments are against decentralization and they do not want to lose control of their people's spending and they don't anonymity because they cannot impose on people's income if ever they are going to accept Cryptocurrency they need to be the one to create it and control it, by losing their hold on people financial assets they cannot sustain their operation.
The government somehow see cryptocurrency as the threat to their authority among their citizens. True enough, there are countries that have banned crypto and are imposing sanctions to those who will get caught using crypto. In decentralization, the government’s role and control over people’s activities are weaken, and so their gains, so despite it many benefits to the people, institutions do not see it in the same way.
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.
Yes of course you are right, that bitcoin was the first cryptocurrency ever. This is also the reason why a lot of people think automatically about bitcoin when they hear someone talk about cryptocurrencies, even though there are thousands of crypto projects out there already that offer a lot more functionality than bitcoin. Just look at ethereum for example with its smart contracts, which are the reason why stuff like Defi is even possible. The reason why a lot of countries are not supporting or even banning cryptos is also pretty simple. They can not control them.
1. Decentralization
2. Government and Banks
These 2 are kinda connected with each other because Government and Banks don't like the Decentralization feature of cryptocurrency.
If they will try to legalize any crypto in their country, there is a high chance that it will be a centralized project and not a decentralized one like Bitcoin. There are some governments too that are very close to banks and maybe their connection is also one reason why they aren't legalizing it. We don't know but the decentralization feature is the answer why they aren't legalizing it.
2. Government and Banks
These 2 are kinda connected with each other because Government and Banks don't like the Decentralization feature of cryptocurrency.
If they will try to legalize any crypto in their country, there is a high chance that it will be a centralized project and not a decentralized one like Bitcoin. There are some governments too that are very close to banks and maybe their connection is also one reason why they aren't legalizing it. We don't know but the decentralization feature is the answer why they aren't legalizing it.
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
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
Blockchain technology created by sataoshi Nakamoto is true. and for the coin to be named bitcoin it is also correct. maybe we as a community of crypto users feel that the existence of blockchain and bitcoin provides many benefits and conveniences in many ways. but so far the government of a some country also has a different view of bitcoin which is a barrier to the legality of using bitcoin.
Because governments are against decentralization and they do not want to lose control of their people's spending and they don't anonymity because they cannot impose on people's income if ever they are going to accept Cryptocurrency they need to be the one to create it and control it, by losing their hold on people financial assets they cannot sustain their operation.
Due to the characteristics of virtual money that only exist in the digital environment, with very high anonymity, transactions about virtual money are done on a new technology platform 
There are so many shitty reasons to stop Bitcoin's popularity, but we find it unstoppable.
There are so many shitty reasons to stop Bitcoin's popularity, but we find it unstoppable. 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.
Please give suggestions if my post is not correct.
Your explanation was correct and why did you feel bad about it? The only problem is your explanation didn't match with the title of your thread coz your explanation didn't relate to the legalization of bitcoin nor cryptocurrencies. What's your point?
If this is your suggestion, then I will edit my topic title.
thank you...
Bitcoin created the ideal of equality for all with a decentralized and anonymous solution it immutable and in that sense and ideal it is somewhat contradictory conflict with the government in building centralization. That is the barrier that prevents bitcoin from getting the result as legal, currently most are friendly at neutral depending on the situation of each country.
Most countries have legalized bitcoin itself as a legal tender, but there are also a small number of countries that have not legalized it because they are afraid that bitcoin will be used as a terrorist financing tool or other negative things.
want to legalize bitcoin itself.
It's more or less like that so that everyone can conclude that the country that legalized Bitcoin itself is a very safe country and has been very advanced in any field of technology so that the country dares to make decisions regarding cryptocurrency.want to legalize bitcoin itself.
Although there are some countries that cryptocurrencies are not legal, most countries have already regulations for Bitcoin. The officials are smart enough to figure Bitcoin is not going away. Not all presidents of countries are daring enough like Bukele of El Salvador but some countries are also looking into making BTC legal tender too.
Muslim countries I think did not legalize because of their religious laws. Some of the countries are just holding on to their government control but did not also illegalize.
legal and illegal issues actually depend on the country where you are sheltered. however, what you said is true. however, I think it's just an early explanation of bitcoin, and it's not a legal reason or not.
however, the problem why bitcoin is not legal in some countries is because of the rampant fraud using crypto, and also a threat to state revenues, such as competition with Fiat, taxes, and others. However, the policies of each country are different. if you go to China or India, then their bitcoin has been banned for some reason. however, if you go to the US or Japan, you might be able to use cryptocurrency there. Again, each country has its own policies and reasons why they don't legalize bitcoin or cryptocurrencies.
however, the problem why bitcoin is not legal in some countries is because of the rampant fraud using crypto, and also a threat to state revenues, such as competition with Fiat, taxes, and others. However, the policies of each country are different. if you go to China or India, then their bitcoin has been banned for some reason. however, if you go to the US or Japan, you might be able to use cryptocurrency there. Again, each country has its own policies and reasons why they don't legalize bitcoin or cryptocurrencies.
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.
It is already semi legalized.
That suits the governments because if or when the things go bad, they can seize your coins or won't let you trade your coins and they can say that they never legalized crypto anyways. Remember, crypto is all experimental even after 10 years passed.
The gains are huge because the risks are huge.
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.
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.
There's no correlation between what you have said to the thread subject. Please share your thought to start a good discussion.
In most countries, bitcoin is accepted but not under the jurisdiction of a country. Since there is no law about it, any fraudulent activity on bitcoin won't be covered by the government.
You can start doing some research on those bitcoin-friendly countries and those who totally ban crypto to somehow feed your mind. Explaining it here will be long.
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.
Your OP and the title seems totally misleading I wonder what you really want to know, if it's the legality of Bitcoin or the potential it may bring. Your post somehow was not correct, just my two cents. This may viewed as speculation but cryptocurrencies would somehow getting legalized in the near future for most countries. 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.
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.
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.
Cryptocurrency is a completely new phenomenon in the financial world. Since it is decentralized and cannot be controlled by states and, in addition, has a very high degree of volatility, states are in no hurry to legalize it, preferring to take a closer look at it for now. But due to the fact that the G20 countries have so far decided that cryptocurrency does not pose a threat to global financial stability, such legalization has already taken place in many states. It is already positive that only in a few countries the cryptocurrency is prohibited for circulation. In general, so far, cryptocurrency is quite successfully accepted by people, organizations and governments.
I am more convinced that Bitcoin is the first cryptocurrency. Cryptocurrency has had a very positive impact on the people involved in it, I agree and many people who have an important role in making decisions in a country also feel the positive impact of crypto, but because one and two things are considered to damage the country's economy, it is not legalized by all countries.
Most countries have legalized bitcoin itself as a legal tender, but there are also a small number of countries that have not legalized it because they are afraid that bitcoin will be used as a terrorist financing tool or other negative things.
want to legalize bitcoin itself.
want to legalize bitcoin itself.
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