Topic: Why Government does not like crypto? - page 18. (Read 15154 times)
In future with decentralized cryptocurrencies people will not need in fiat money created by governments. And governments wants to regulate this because they don't want to loose the leverage on common people
Most likely, the government authorities simply do not understand what it is and probably people just don’t understand what the blockchain is for and why cryptocurrency is used in general. Therefore, I see the situation as follows.
I don't think so, I'm sure every government understands what a blockchain is and actually many governments are interested in adopting this technology, which is actually prohibited is ICO because they see that many ICOs end in scams so they don't want people to lose money just because of that 
the main aim of the government is to control everything. but with crypto they can't do it so that's why they don't like it.
Because they wanna protect their investors from the scammers. there were a bunch of scammers in these days. The government are thinking how much money that can be stolen by these scammers. That's why the government doesn't like crypto. But not all of governments are hating crypto dude
The Government always wants to be in control, printing money and trickling it down. But bitcoin does not give them the opportunity to do this, hence they make it difficult for crypto startups to survive
the main aim of the government is to control everything. but with crypto they can't do it so that's why they don't like it.
Why did you decide that governments do not like crypto ? It seems to me that they have nothing against new technologies, all they want is just to find a way to tax this business and all those involved in it. When they achieve this, good times will come again to crypto.
It seems to me that this is yet another misconception that the cryptocurrency is rich in the world. In fact, any government is very interested in controlling its people as effectively as possible, and cryptocurrency will allow this to happen because they are based on the blockchain.
Governments of many nations do not like cryptocurrency at all that some of them even banned it in the country just like you said. The reason for this is simple and it is because no tax is going to them from the source of cryptocurrency transactions.
Why would government like crypto-currencies when crypto-currencies deny government the control and meddledoneness they enjoy so much
I do not expect government to like cryptocurrency, because the do not have cobtrol over it.
The decentralized nature of cryptocurrency has really been a challenge, not only to the government, but some other bodies or organization, who wished to continue to be in control and be able to determine the fate of people through their authorities
You are a long way behind lots of governments are developing digital-currency and decentralization went out the window years ago. The decentralized nature of cryptocurrency has really been a challenge, not only to the government, but some other bodies or organization, who wished to continue to be in control and be able to determine the fate of people through their authorities
I do not expect government to like cryptocurrency, because the do not have cobtrol over it.
The decentralized nature of cryptocurrency has really been a challenge, not only to the government, but some other bodies or organization, who wished to continue to be in control and be able to determine the fate of people through their authorities
The decentralized nature of cryptocurrency has really been a challenge, not only to the government, but some other bodies or organization, who wished to continue to be in control and be able to determine the fate of people through their authorities
Because the government needs to control cash flow. And here it turns out uncontrolled access, through which fraudsters can safely do whatever they want and deceive the whole world. Is it normal?
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?
It's obvious, cryptocurrency breaks the centralized system and gives the rights of holding money to the people. One can easily get loans and pay back without much issues unlike with the banks and their long process. As long as there is cryptocurrency and that most aspects of it believes in decentralization, the government will always have issues
It is in ignorance, in state administrations, as a rule, elders sit, they are not as familiar with new technologies as we would like, and there is no question of introducing it at all.
Government wants you to keep your money in banks cause bank will be able to lend out more money and this will raise GDP of that nation. If all of you keep your money at home as gold or crypto, GDP of the country and all ponzi scheme of that nation/country may collapse over night. And if government support BTC, they will loose control upon citizen's asset and cant trace all the TX. Any government is scared of Anonymity and volatility.
But Russia, Japan and some other European countries are getting ready for massive crypto adoption. So, government does not like BTC, is not entirely True
But Russia, Japan and some other European countries are getting ready for massive crypto adoption. So, government does not like BTC, is not entirely True
They are scared because they can not control it and if cryptocurrency should be the world currency they will be powerless
There are few valid reasons why government doesn't like cryptocurrencies.
Since there are no regulations set up and thus no governance on cryptocurrencies trading, it is very difficult for government to keep track of investments from the country.
Every government wants some amount as per taxes applicable from the trading transactions which can increase overall revenue.
Due to not having regulations, government can not set up tax system on such transactions.
And the most important thing is due to not having any governance on trading of cryptocurrencies, there are mostly chances of money laundering, which is not in favor of any of the governments.
Since there are no regulations set up and thus no governance on cryptocurrencies trading, it is very difficult for government to keep track of investments from the country.
Every government wants some amount as per taxes applicable from the trading transactions which can increase overall revenue.
Due to not having regulations, government can not set up tax system on such transactions.
And the most important thing is due to not having any governance on trading of cryptocurrencies, there are mostly chances of money laundering, which is not in favor of any of the governments.
I think the major reason why government bodies do not like cryptocurrencies is mainly because they have no ounce of control over how operations are carried out within the ecosystem and also because they can not impose tax on crypto transactions because of it's anonymous nature. The government will naturally prefer people to work for them for some form of payment so they can take back some of the money in form of tax. Another reason is because of the ease with which funds can be laundered through changing fiat into cryptocurrencies. We can actually agree that the government has a right to be worried about cryptocurrency.
The government of many countries does not like cryptocurrency, because transactions using them are not yet taxed.
Also, cryptocurrencies are not included in the economic model of the state and therefore the budget receives less profit if people keep money in cryptocurrencies.
I think soon the cryptocurrency market will be legalized and subject to the economic processes taking place in the state.
Also, cryptocurrencies are not included in the economic model of the state and therefore the budget receives less profit if people keep money in cryptocurrencies.
I think soon the cryptocurrency market will be legalized and subject to the economic processes taking place in the state.
It does not matter if they like it or not. In upcoming years they will be forced to accept it, when the mass adoption is going to arrive. I have absolutely no doubts that government would regulate crypto, simply because they can and it would not be anonymous anymore.
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