Why Government does not like crypto? - page 13.

uralcryptocoin

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Quote from: ajdar.muxin.79 on March 22, 2019, 12:42:57 PM

Because crypto holders do not pay taxes and this harms the governments budget. I think that in the nearest future, government would accept crypto currencies but they would regulate them and get their taxes for sure.

But in fact cryptocurrency buyers already paid all taxes when received money for their job in fiat. It could appear air or rain taxes. Just remember Cipollino Adventures

Abal Abal

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the simple reason for menurt me is because cryptocurrency is decentralized, and the existence of crypto that is like that will not provide any benefits to the government apparatus.

beehimneff

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The reason is simple and banal - it's money. The government would like to make money on cryptocurrency, but do not know how and do not want to give the opportunity to earn the rest of its citizens. Each government wants to control everything on its territory, and since the cryptocurrency is difficult to control, then it is better to ban the cryptocurrency.

Asatur

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I think the government does not like cryptocurrency mainly because of misunderstanding or misconception about cryptocurrency. And all that they do not understand, they are trying to ban or restrict. It is a pity that not all countries in the government have intelligent people who really understand these issues.

renault18turbo

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Crypto is not anonymized anymore. Every big exchange has kyc about their users and is not too hard to check the address from which coins came from to the particular exchange. So it is not too hard to use this info by some FBI to implement a crypto holders database.

ajdar.muxin.79

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Because crypto holders do not pay taxes and this harms the governments budget. I think that in the nearest future, government would accept crypto currencies but they would regulate them and get their taxes for sure.

mersal

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I don't think the government will not say anything the devil opposite to the acceptance of cryptocurrency but they have some problems for accepting it if they accept the economy will definitely had some changes that's why they are delaying to accept it.

Dannev

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I think the reason is due to the fact that cryptocurrency is more decentralised with much privacy features. Government prefer to be in charge of its citizens funds and thats what cryptocurrency is against.

jolle123

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The main reason is cryptocurrency is risky and the government doesn't want to put the people on the situation that the government is being blamed if the cryptocurrency market collapse.And not all countries cant access cryptocurrency but on the future if cryptocurrency is sustainable and stable maybe it can happen.

jhon15

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Quote from: Outlander on March 22, 2019, 07:44:20 AM

Quote from: ayesha703 on August 21, 2018, 02:13:48 PM

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?

The cryptocurrency is undermining the normal financial system, and banks are likely to be replaced by cryptocurrency business one day in the future.

because of that the government banned it because government revenue was reduced by the Cryptocurrency and there were still many other things that caused governments in other countries to ban it.
Cryptocurrency has a big risk and maybe that's what causes it to be banned in a country, but behind all that Crypto can produce big results.

e@symode

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We understand that cryptocurrency is precisely those technologies that are moving our world today, no matter where, in a good or in a bad way. Most importantly, it is not like the government agencies that supposedly regulate something.

Outlander

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Quote from: ayesha703 on August 21, 2018, 02:13:48 PM

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?

The cryptocurrency is undermining the normal financial system, and banks are likely to be replaced by cryptocurrency business one day in the future.

yakushev

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Quote from: 949miner on March 21, 2019, 07:36:55 PM

The dislike of cryptocurrency by some governments is usually due to ignorance and lack of understanding on technological advancement. Some also dislike the idea of decentralization presented by cryptocurrency to the financial ecosystem.

Where there is misunderstanding, there is fear, hence there are prohibitions and condemnation, instead of starting to interact and make a profit from this to the Treasury, the governments of different countries will long resist and bend their line

949miner

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The dislike of cryptocurrency by some governments is usually due to ignorance and lack of understanding on technological advancement. Some also dislike the idea of decentralization presented by cryptocurrency to the financial ecosystem.

Gekkoo

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It's so obvious and easy to answer this question, but why should governments like something that can reduce their strength and control before the masses? What would happen to the stakeholders in maintaining this control and submission of people? Cryptocurrency is precisely a way to prevent this strong control and this represents a lot, even a supposed freedom.

bebekangsoo

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Quote from: ganeshramk on March 21, 2019, 06:48:29 PM

This is really a very good question to do some research on it. But not sure what could be the answer.

they answered with various reasons why the government did not like Crypto, because in each country it may be different so there are many different answers, yes, although many are the same.
and in my opinion if the government does not like Crypto because Crypto is at great risk so the government does not want if people are exposed to the risk of causing bad things to happen and maybe many other things.

ganeshramk

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This is really a very good question to do some research on it. But not sure what could be the answer.

mv1986

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Governments have many reasons to dislike crypto. High ranked officials are often relatively rich and have assets in companies that are now threatened by crypto.

dulinivanrus

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Not all governments of the world do not like cryptocurrency. There are many countries that support it. I think in any case, the cryptocurrency will be used on a par with fiat money as it can not be controlled because of anonymity.

jan.nicolas

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Probably today there are a very large number of situations in which many people simply do not want to show their savings, but it would be better to say that they do not want transparency today. It is a fact.

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