Topic: Why Government does not like crypto? - page 10. (Read 15087 times)
Countries are afraid of the introduction of cryptocurrency as it will violate the current global economic model. However, I think that this process will not be stopped and sooner or later the cryptocurrency will build a new global economy. There are a lot of promising projects that claim to be the global global currency: they are well-known such as Bitcoin or Ethereum, or completely new projects such as Sound Money Coin.
The government will be able to legalize bitcoin and other cryptocurrencies under the condition of total control over them,but this completely contradicts the idea of decentralization of cryptocurrencies.
I think that many States will be able to partially regulate this industry, but there can be no question of complete freedom !
I think that many States will be able to partially regulate this industry, but there can be no question of complete freedom !
Government does not like cryptocurrency, because crypto bypasses their centralization and banks dependency.
Gov will never agree something they cannot control, but Btc is part of technology and development of technology cannot be stepped.
if the cryptocurrency is profitable, then it will grow and develop without the government, and the government that will first make acceptable conditions for operations with crypts. will attract a very large turnover to your country. Gov will never agree something they cannot control, but Btc is part of technology and development of technology cannot be stepped.
Government does not like cryptocurrency, because crypto bypasses their centralization and banks dependency.
Gov will never agree something they cannot control, but Btc is part of technology and development of technology cannot be stepped.
Gov will never agree something they cannot control, but Btc is part of technology and development of technology cannot be stepped.
In the world there are so many countries that support crypto and there are also those that do not support crypto. I think the government in a country does not support crypto certainly has a definite reason. Because if the government supports crypto, of course, there are certainly many people who will abuse it by buying illegal goods, of course this should be avoided.
Cryptocurrency is the most popular terms nowadays. People like cryptocurrency so much. Many people are involving in the crypto world. Everyone wants to earn money from cryptocurrency. While people are liking cryptocurrency, Government does not like it at all. In some countries, the government banned the cryptocurrency. What is the reason behind this banned?
Crypto with an anonymous Blockchain platform is also a reason why the government does not accept it. With the hidden mode of all Altcoin developed on Blockchain, it helps all investors not identified, and this makes the government unable to control these investors. 
I think the government does not like crypto because it is a digital investment and it is hard for them to trace the person and implementing taxes or their fiat currency will be replace by crypto. The government afraid of investment scam through crypto.
I think maybe because of the disadvantages it would create. Some country doesn't allow crypto in their place since it could probably used by some syndicate or illegal activities that can buy drugs and illegal things. Also some doesn't allow crypto because it can be use to buy armory or riffles.
There are many reasons for this, one of them is not having any security or the tokens can be generated in the name of airdrops and stuff which is basically increases the bank balance of its own team.
XAUp, every Pokens are pegged one troy ounce of gold, which means that all the pokens are equal to gold. Also the team creating it is the successful team of Populous PPT.
The main reason will be the government wants to protect its investors. I was seeing xaup and it looks good for me. but it's not related with this thread dude. The problem is about the government doesn't wanna lost its investors. XAUp, every Pokens are pegged one troy ounce of gold, which means that all the pokens are equal to gold. Also the team creating it is the successful team of Populous PPT.
The government still seems to be waiting for the situation at this time, most of the government is still analyzing the use and direct impact of cryptocurrencies. This must be done because every decision made by the government will surely have a major impact on all citizens in the country.
Most government don't like cryptocurrency because they are trying to protect their people which is most times understandable. But, currently most world government are working towards using cryptocurrency and blockchain to improve services, so I believe when more adoption comes in other government will follow suit.
If governments were so worried about people, they would have long since begun to regulate the activities of the ICO in order to prevent fraud and protect the rights of investors. The states are not in a hurry to do this precisely because they do not like the decentralized cryptocurrency. It provides people with new opportunities in the field of financial relations that states and governments cannot control. 
The question is not in love with cryptocurrency. Governments are the people who control everything. People are rich. Therefore, to lose control of financial flows for them is tantamount to death. The whole world lives in debt. This is impossible with new flows, there are no loans. So the fight will be serious
There are many reasons for this, one of them is not having any security or the tokens can be generated in the name of airdrops and stuff which is basically increases the bank balance of its own team.
XAUp, every Pokens are pegged one troy ounce of gold, which means that all the pokens are equal to gold. Also the team creating it is the successful team of Populous PPT.
XAUp, every Pokens are pegged one troy ounce of gold, which means that all the pokens are equal to gold. Also the team creating it is the successful team of Populous PPT.
I think it's because of the government can't control cryptocurrency so the government needs to find a way first how to control the crypto.
There are also many reason though, in my country here, there are some scammer using the name of bitcoin to make an investment and it's become viral because they scam so many people. Government look this case as a bad thing of crypto.
There are also many reason though, in my country here, there are some scammer using the name of bitcoin to make an investment and it's become viral because they scam so many people. Government look this case as a bad thing of crypto.
They want to fully control the financial economy of the citizens, they are afraid that crypto currency can disrupt their financial system. But some countries are well knowledge that they support cryptocurrency.
the government does not like cryptocurrency because it is difficult to regulate it, and as we know we constantly want to impose taxes and extortion, soon we are going to pay for breathing .. and cryptocurrency is freedom and independence, which is why many countries prohibit it
Really good, in the future we might be forced to pay even for breathing which could happen. To get out of this restrictions cryptocurrency is the only hope. Cryptocurrency is freedom and independence, some countries have already imposed taxation on bitcoin considering it as similar to gold. The taxation were made based on the transactions respective person have done. 
the government does not like cryptocurrency because it is difficult to regulate it, and as we know we constantly want to impose taxes and extortion, soon we are going to pay for breathing .. and cryptocurrency is freedom and independence, which is why many countries prohibit it
I will not say that they don't like it, but I think they want to have full control over it that is why it's why it looks like they hate it but not true. Although we can still find many government bodies fighting cryptocurrencies just like we have in india
Only some country ban crypto, and many country already regulated crypto. The advantages of crypto and blockchain technology is needed to support industry 4.0 so no reason to ban it. In my country crypto and blockchain is welcome and already used by start up to development their project.
As time goes by, more countries will have positive thinking about cryptocurrency. No escape, this is future. Since beginning of this year, we have made great progress in adopting.indeed some countries do not accept or dislike cryptocurrency for various reasons. but in the last few weeks, there have been more and more governments that have begun to accept cryptocurrency.
indeed it is not fully accepted but at least there has been a good development to receive crypto into their country.
we only need to give a little more time, and we will see crypto getting more famous.
Since long ago the government has implemented a payment system using Fiat as its main stream, and this is controlled by the Bank which of course benefits them from every percent of interest they get. While Bitcoin is a digital currency that is not decentralized, it means that they cannot control it so it is not profitable for them, which at the end of the government does not fully support Bitcoin.
Jump to: