Topic: Why Government does not like crypto? - page 21. (Read 15123 times)

States and Governments are only meaningful to the extent that they can exert control over the population,

a group of economically liberated individuals can eventually free the entire world from dogma, population control, oppression and subversion of the masses.

Because the government has already issued their own money (fiat) so in my opinion when the government wants to accept or legalize the cryptocurrency it might be detrimental to the state.

I think the government will not be the only reason for unliking the cryptocurrency if they accept a legal is cryptocurrency there will be lot of changes will happen to the country but if it is in the negative way then the country will definitely going down economically that's why they are still holding the acceptance of cryptocurrency in most of the country.

Because governments like the system to be controlled. Cryptocurrency can do the whole world a lack of control governments. I think that if cryptocurrencies will gain popularity, then sooner or later governments will give up and stop fighting it.

I am sure that many governments in the world will accept crypto. It seems to me that this will help make the world a better place.

The following  reasons and other could be responsible why government does not like crypto:
1. Decentralization: crypto is decentralized, that is nobody has control over it. Because government do not have the anticipated control on crypto.
2. Absence of tax: because of its decentralization nature, there is no way crypto transactions could be tax which could have been a huge means of generating revenue.
3. Fraudulent activities: it us easier for money launder to perpetrate evils through crypto.
4. Fear of intense competition with fiat currency.

In some countries, the government has banned cryptocurrency, because it is afraid of losing control over people. When a person works, he pays taxes. The government has not yet figured out how to levy taxes on cryptocurrency trading. Everyone froze in anticipation of what will happen next. I think that how many countries will accept the cryptocurrency depends on its further development.

Most countries prohibit because the government wants to get taxes on profits from cryptocurrency and laws have not yet been created, so it is better to ban it temporarily.

Governments operate in established traditional systems that rely on existing laws. They force people to obey these rules and laws, explaining that this is the only way to live avoiding problems. And all innovations, which include crypto, can lead to unpredictable consequences for them.

Humans and all breathing creatures in general are scared of what they don't understand and our very first instinct would be to annihilate that which makes us scared, I guess this is what is happening in some countries in Africa, but the Asians are proving to be very receptive of Blockchain Technology.

Such countries are certainly very few at the moment , I think Japan is a leader )
but of course the cryptocurrency can not be controlled and it is not like many countries in particular the United States

I don't think government does not like crypto, we already knew that it will.ease transaction, but one thing for sure, government body are pro people, they take seriously because crypto concerns money matters, and government does not rush everything. They have their own reasons for refusing to crypto or not, we could not say what's the best reason they have, but everything will take into place in time, as long as the people are willing to adapt in it.

Not only for this, they do not support it, but also because the standard financial system and the banking system are controlled by the state. A new digital economy can not be controlled and not subject to them, so they took it so strictly.

government of many countries have not supported the crypto. And there is a reason behind it and that is they think people will make the use of crypto to do illegal activities.

obvious answer, governments don't like anything that can't be control. however, I believe someday in future governments will create their own blockchain that can be control in somehow.

It seems to me that some countries have already accepted cryptocurrency. I believe that this is a big step forward because cryptocurrency is our future.

Modern day governments operate in secrecy.  Without the secrecy, regular people wouldn't put up with what's going on for very long.  Corruption and criminality only occur when they are kept hidden and lied about.  Our current system is so corrupt and beyond repair, the transparency of blockchain would make "modern day governments" obsolete nearly overnight.

Therefore, us crypto-enthusiasts are in the battle of our lifetimes and likely the ages.  Govs and corps know they can't make blockchain disappear so their plan B is to co-opt it.  We are currently in the 'the govs and corps are talking out of both sides of their mouths' phase of the transition.  Once they feel as though they've perfected their poisonous offerings, they will do a 180 degree turn and suddenly start spreading the message of how much they love crypto and sanction their offerings while trying to make everything else illegal.

Humanity has just lived through hundreds and hundreds of years of slavery via fiat usury.  The people (if you can call them that) the run our lives would like to keep it that way for as long as possible.  They've only been able to get to the top and seemingly own everything BECAUSE of fiat usury.  Crypto is a line in the sand, and if we don't start spreading the word to as many as will listen, when the time comes and they try to force us into government sanctioned crytpos, it might be too late.  There is most definitely a 'coup' of epic proportions being waged by the governments and corporations of the world against blockchain and cryptocurrencies in particular.

I think they can still manipulate the cryptocurrency in their country if they have a separate rule for it, and create a separate cryptocurrency in their own country

Governments and banks are very conservative, they don't like any changes, because it requires a lot of effort from their standpoint. Crypto is a real threat for current governments and classic financial system and they try to avoid or at least delay crypto adoption as much as it possible.

Most of them are not likely wanted to make such opportunity for us to invest or using crypto is because they know the risk of using crypto, its very volatile.