Topic: Why Government does not like crypto? - page 19. (Read 15098 times)
Government is the main organising and controlling body of the country. Everything taking place in the country has to be under its control and as per its guidance. But the cryptocurrency can not be controlled by such bodies. Therefore, government does not like cryptocurrency.
crypto has advantages such as anonymity and untraceability. and I think that's why crypto can disrupt finance in that country. that's the reason why the government doesn't like crypto. crypto has advantages such as anonymity and untraceability.
yes you are right that crypto is profitable and also at great risk, in my country until now the crypto world has continued to develop well but the government has banned crypto because it is risky and in addition the government also allows crypto users to use it for investment means. and of course the risk is borne by each user
Obviously the government doesn't like what they can't control or influence and they have seen that bitcoin can be the most acceptable currency on the Internet so they plan to get a fair share of it
never unlike all governments this government Venezuela like a crypto
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.
because bitcoin can damage the economic market because the price is fluctuating and the price changes are very fast and big. if it is used as a product conversion, it will be difficult and may fail to reach the goal. if it can stabilize prices, maybe bitcoin will be better than fiat.
Even gold with really huge market capitalization has had price rally and downfall whereas bitcoin is nowhere near gold’s market cap and that just actually seems like a wishful thinking but. We are really hoping such thing to happen of course.
Many governments are afraid that if they approve crypto transactions then it will make huge impact on their own country currency as crypto transactions charge very low fee for each transaction and it is also a very fast transfer.
it seems that the government is afraid of this, and what is feared is that people in the country are using crypto for transaction tools that make their currencies a little to use. because crypto has a big impact on the government to avoid the transmission into account as the different books of ledger to qualify as aspects on initials with decision on referring use of option on disputing unit on identification as preparing works on qualifying decision on release from the desks of arrangement.
The government does not like cryptocurrency because it is decentralized and peer to peer. The government wants all activities monitored for state security and income. If that cannot be done, a way can be found to suppress unpopular policies, such as declaring illegal cryptocurrency or becoming a place for prohibited transactions such as money laundering or drugs. legendary
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because bitcoin can damage the economic market because the price is fluctuating and the price changes are very fast and big. if it is used as a product conversion, it will be difficult and may fail to reach the goal. if it can stabilize prices, maybe bitcoin will be better than fiat.
Even gold with really huge market capitalization has had price rally and downfall whereas bitcoin is nowhere near gold’s market cap and that just actually seems like a wishful thinking but. We are really hoping such thing to happen of course.
because bitcoin can damage the economic market because the price is fluctuating and the price changes are very fast and big. if it is used as a product conversion, it will be difficult and may fail to reach the goal. if it can stabilize prices, maybe bitcoin will be better than fiat.
I think that people will accept crypto someday. But at the moment, some countries do not understand what a blockchain is.
I believe it because people are still patronizing banks, there will be time everything will totally change and government will want to involve in it. The only issue is that crypto prices are not being regulate which can cause losses.
If I would control the whole money movements on the planet, I would also be afraid of some technology that allows to stay anonymous and not to pay taxes. Governments won't accept crypto, they would try to regulate it.
Government like to control everything, it is easy for them to track down bank transaction, in some situation government can freeze the bank account and check all the transaction information if they need. It is hard to watch cryptocurrency.Cryptocurrency is decimalized and make difficult for government to find who own what.
the strongest reason in my opinion is that there are still many crypto regulations that must be corrected and also affect the value of a country's currency. but in my country crypto is not prohibited.
to avoid the transmission into account as the different books of ledger to qualify as aspects on initials with decision on referring use of option on disputing unit on identification as preparing works on qualifying decision on release from the desks of arrangement.
the answer is one and it is very simple because it is something that they can not control or tax , and soon it will become an alternative system to the banks
in the country I have agreed to crypto, maybe some countries have banned because it affects the economy of a country's currency. besides, there are many factors, one of which is that there is still fraud in the crypto world.
Lot's of reasons but it mostly has to do with control. The people, where the money goes, dominance and ultimately what the underlying job of the government is which is regulation but they are obviously a hot mess 80% of the time
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