Topic: Why did the government want to kill Bitcoin? - page 13. (Read 2302 times)
I think government want to kill bitcoin because it didn't have taxes and it can also be used for terrorist. I think bitcoin is in the middle because even if the government wanted to kill bitcoin they can't easily kill it due to the huge support of its economy.
as we know, many governments in the world are banning bitcoins and here I have my own why the government want to kill Bitcoin, because I think Bitcoin can be used for terrorist financing, money laundering, illegal weapons purchases, crime and tax evasion. therefore the government forbids Bitcoin, because Bitcoin transactions are difficult to trace so it is only natural for me if the government is very worried about Bitcoin and many country banning (block) Bitcoin.
but this is just my opinion, so if I am wrong I apologize.
Thank You.
Yes but this is not all about the government killing bitcoin. IT is just that the government want to take preventive measures on those reason above being stated for the bitcoin system possible abuses. We should be happy now that the government had stepped in and that means most of the country accepted bitcoin has made some regulations on its use including KYC on every client. but this is just my opinion, so if I am wrong I apologize.
Thank You.
They want to kill bitcoin because they cant control bitcoin, we know that government cant get tax in bitcoin. Or maybe they just want to protect their people in bitcoin
Not sure why the government hates Bitcoin but it seems they are afraid of the big losses it will get.
Government want to kill or ban bitcoin because they cannot control it. They cannot easily investigate any transactions for its anonymous to anyone. They are afraid because it could use for money laundering and illegal transactions.
as we know, many governments in the world are banning bitcoins and here I have my own why the government want to kill Bitcoin, because I think Bitcoin can be used for terrorist financing, money laundering, illegal weapons purchases, crime and tax evasion. therefore the government forbids Bitcoin, because Bitcoin transactions are difficult to trace so it is only natural for me if the government is very worried about Bitcoin and many country banning (block) Bitcoin.
but this is just my opinion, so if I am wrong I apologize.
Thank You.
Aside from those illegal acts by lawless elements, the governments also want their own currency to only dominate the market so that they can fully control everything from us most especially all our centralized assets. Good thing about centralized assets is that they are pretty stable though lacks in privacy and security unlike Bitcoin wherein we can evade tax on every online transaction me made.but this is just my opinion, so if I am wrong I apologize.
Thank You.
Because many people using that and used for scamming and credentials society, financing to other government and will happen to our bitcoin has been kill.
as we know, many governments in the world are banning bitcoins and here I have my own why the government want to kill Bitcoin, because I think Bitcoin can be used for terrorist financing, money laundering, illegal weapons purchases, crime and tax evasion. therefore the government forbids Bitcoin, because Bitcoin transactions are difficult to trace so it is only natural for me if the government is very worried about Bitcoin and many country banning (block) Bitcoin.
but this is just my opinion, so if I am wrong I apologize.
Thank You.
Everyone has a lot of thing to do. There is one thing that may help is in our daily lives and this is bitcoin. Bitcoin are helping many people and it gives us an opportunity for us to have some money and the government is not agree with bitcoin. I think the reason why the government banned the bitcoin because it has no tax. but this is just my opinion, so if I am wrong I apologize.
Thank You.
Because BTC is anonymously, they may be the place where criminals work, in my opinion not to accept the BTC as being able to prevent criminals. They have a lot of ways to sponsor each other, not just the BTC
The government wants to kill bitcoin because the government wants to control it like other cryptocurrency. It wants to take tax.
The BTC is poorly regulated, and any ordinary person can encrypt his or her hair, making it easy for investors to lose money, so the government currently bans encryption.
I think this is for bitcoin threat. Threat and lack of knowledge about bitcoin or they won't understand what bitcoin really is. Bitcoin is a digital currency which is impossible to control by a country or group of the country. Bank will be useless if bitcoin used by all people over the world. Tax also a fact here. But bitcoin has a big chance to be only one currency for all trade and economic activities.
National governments have banned bitcoins because they have not found a way to collect taxes! Bitcoin and altcoin are more risky in the growing phase!
I think government wants to kill bitcoin is they want to control the transaction of money, but if bitcoin they cant track the transaction of money because it's a digital currency.
They worry about the impact on their financial system in the event of a Bitcoin bubble explosion and its bad consequences. Managers around the world are worried about virtual money being abused for money laundering and other criminal purposes.
as we know, many governments in the world are banning bitcoins and here I have my own why the government want to kill Bitcoin, because I think Bitcoin can be used for terrorist financing, money laundering, illegal weapons purchases, crime and tax evasion. therefore the government forbids Bitcoin, because Bitcoin transactions are difficult to trace so it is only natural for me if the government is very worried about Bitcoin and many country banning (block) Bitcoin.
but this is just my opinion, so if I am wrong I apologize.
Thank You.
Since digital forms of money are undermining the cutting edge world request. Truly, indeed, everything is so genuine. On the off chance that bitcoin turns out to be extremely greatly utilized (or some other decentralized digital currency), at that point the advanced budgetary framework can change. What's more, this is to a great degree unfruitful for those individuals who sit at the highest point of intensity. Along these lines, there is such an incredible protection from the advancement of bitcoin but this is just my opinion, so if I am wrong I apologize.
Thank You.
I think the government does not want to because the state's economic bitcoin is unbalanced and many people who can not afford more difficult .
For me, government wants to kill Bitcoin its because people are focusing on it and not to other business that they can earn. For the government it shows that Bitcoin is not a good business for them because they cant earn more than they expected to earn.
For correctly beneficial to control the issue of money, bitcoin appears as a result of a mathematical solution of problems and the emergence of new bitcoins as a result of mining. The government wants to control everything, but they can only settle bitcoins and crypto-currencies
That's what everyone thinks is very clear and the fact that the government is justified because it is very risky for the security of the country and all illegal transactions, but I believe it is not an obstacle for crypto to grow well in the future, as now Bitcoin grows rapidly though there are still some countries that forbid , and there are some governments that change their minds to adopt cryptocurrency again, so the government is banning bitcoin in the country because it will affect their country's economy and maybe because bitcoin including digital curency can not be controlled by anyone then the government would rather kill bitcoin than later will create some factors that the government does not like.
Because government will not legaly accept bitcoin.government are worried about if people will not use banks and remove the money from banks.its the main reason the government wants to kill bitcoin.
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