Government want to kill bitcoin because they fear bitcoin and bitcoin is decentralized( it value is Control by user and not government). Bitcoin is unlike fiat currencies that governments control by using central banks to issue or destroy money out of thin air, using what is known as monetary policy to exert their economic influence.
Topic: Why did the government want to kill Bitcoin? - page 21. (Read 2301 times)
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.
And they somewhat believed, bitcoin was used in doing illegal ways, and that is not a good assumption for them. They lack in research at the same time this is probably like a prediction that was a pure prediction, which is not a good thing. Some government did not realize the capability and potentials of bitcoin that is why. So as a user all we can do is to help the government to realize the perks of bitcoin.but this is just my opinion, so if I am wrong I apologize.
Thank You.
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.
but this is just my opinion, so if I am wrong I apologize.
Thank You.
In my opinion, the above reasons outlined are not good enough to cause Bitcoin Banned by government across the globe.
I may argue that, other virtual currency can be equally used used for terrorist financing, money laundering, illegal weapons purchases, among others. While i refuse to imagine Bitcoin being Banned anytime now or in future.
I want to believe that, one major reason that best explain why most governments refuse to welcome Bitcoin into their world is that, Bitcoin fails to meet the needs of their Ordinary citizens.
If an ordinary person is unable to conduct a simple buy and sell transaction using Bitcoin, then what good is the coin as a digital currency.
I think most Government are looking for a coin that meets the needs of all its citizens and benefits its nations greatly by impacting significantly into the life of its economy.
For now, the world perceive Bitcoin best suited for investment. and not for conducting common or everyday transactions.
The strongest reason the governement is afraid of bitcoin is because bitcoin has many features that make the state powerless, for example is an anonymous and decentralized feature that if it is legalized then the state has no power to control if there is a problem.
Basically some govt. support this issue but few govt. also afraid of this because in market we can do limitless trading with crypto but sometimes these coins are uses for illegal act. Also though it’s a decentralized system central bank can’t monitor this actually these are mainly problems.
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.
but this is just my opinion, so if I am wrong I apologize.
Thank You.
It depends on what kind of government is involved because there are more governments that wanted bitcoin than those who banned this or put policies so its not universal when talking about who hates
Those countries that hated bitcoin are the countries that loved their banks and has connections with the richest bankers in their places,because if they are really concern about the people they will find whats the benefits crypto might give to them
Government in my opinion want to kill bitcoin because it is a direct competion of their own currency. If more people use bitcoin rather than the governments money then bitcoin will take a lot of the governments income. Bitcoin takes away the middle man and the government is the middle man.
because they know they will not have control over it ...
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.
but this is just my opinion, so if I am wrong I apologize.
Thank You.
The government want to kill the bitcoin because they not accept the bitcoin they afraid of bitcoin because bitcoin are no taxes thats why they try to kill the bitcoin.
To be honest, the government only want to protect their benefits and don't care about citizen. They must see that bitcoin can help people a lot
because they want to hold it back and keep bitcoin in their hand. In order that bitcoin can not threaten fiat currency and tax
They have many reasons to do that one major reason is they have no way to track Bitcoin transactions through the country and afraid that will effect for there financial stability and also they are concern about criminal activities that can be done using Bitcoin so due to those reasons they want to restrict Bitcoin as much as possible
I think they see some reasons just like the payment system could be change and the entire payment system/method could be change in the nearly future,but i think its okay to change as long as its will be better.
I think that's a good reason to be afraid of bitcoin. but this problem can be solved by official exchangers, outside of which the exchange will be prohibited
Governments always do what they think is right and that is good for the people. So please follow the law
There are many reason that the government want to kill bitcoin such as terrorist financing, money laundering, illegal weapons purchases, crime and tax evasion.
Other government wants to see bitcoin die because they did not control it like for sure they want big taxes because they want to earn more money after getting big taxes they deposit to their own pocket. But they have government who are supported bitcoin and this is good for us.
Maybe because bitcoin is not handled by the government and yet, a lot of people are using bitcoin and there is no tax with it. That is also why most of us want to earn bitcoin because it does not have tax and we also hold our time work.
all have long realized that crypto coins are very hard to manage! and the government as yet does not understand how they can receive from this profit and their taxes! on this in many countries bitcoin is forbidden! A very strong war is led by a visas and a master of cards, these companies have friends in the government! these friends help to crush bitcoin and give life a visas and a master card!
Government want to kill bitcoin because they can't control bitcoin transactions and since they don't have a control on it they cannot collect taxes which can help for the development of the country. Lot of reasons maybe considered in fact there are countries that are totally banning bitcoin.
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