Why Government does not like crypto? - page 39.

Lan75

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Quote from: demonz666 on November 01, 2018, 12:26:35 AM

I think this topic has often been discussed. most governments don't like crypto because:
2. Cryptocurrency is anonymous so they fear crypto will be used for illegal activities such as washing and funding terrorist activities.

If crypto will be used to financed illegal activities such as terrorism then those who are doing it are idiots. Cryptocurrency can be traced and they will be caught if they do so. This reason is not true why government don't like crypto.

vigos

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Fast, Smart, Trustworthy

Most governments that don't like cryptocurrencies are because of their economies. We know that many countries' economies are centrally controlled, but cryptocurrencies are decentralized!

lorapalmer

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Quote from: ayesha703 on August 21, 2018, 01:13:48 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?

Cryptocurrency is very private, untraceable, and out of the government control. Thats why they don't like it. Government better embrace crypto currency and tax it instead of banning. They can't stand against the growing amount of crypto users.

ice098

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Quote from: nonbody on November 01, 2018, 12:06:56 AM

Quote from: ayesha703 on August 21, 2018, 01:13:48 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?

Because cryptocurrencies have broken their long-standing order of financial management, the traditional financial industry has not benefited.

The main reason is they cannot control it and also they don't like crypto because of the disadvantages of cryptocurrency, like it can used in illegal activities. But even government don't like it many people are getting involve to it because they give lot of opportunity like earning a lot and getting a lot of profit by using crypto. I think government will never be liked crypto because they are not same especially in their laws.

demonz666

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I think this topic has often been discussed. most governments don't like crypto because:
1. they are afraid that cryptocurrency can replace their national currency
2. Cryptocurrency is anonymous so they fear crypto will be used for illegal activities such as washing and funding terrorist activities.
3. then they are also afraid that cryptocurrency is only a bubble that can erupt and cause losses to investors.
4. and according to them cryptocurrency can also disrupt their banking system because people prefer to invest in crypto than at the bank.
maybe that's the reason some countries reject cryptocurreny.

akeda

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Maybe the government has its own opinion on this matter, because cryptocurrency is considered to be detrimental or not, but it is true that the government does not like cryptocurrency with opinions that are different from each country

nonbody

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Quote from: ayesha703 on August 21, 2018, 01:13:48 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?

Because cryptocurrencies have broken their long-standing order of financial management, the traditional financial industry has not benefited.

h31s3nb3rg

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Quote from: ayesha703 on August 21, 2018, 01:13:48 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?

I think the main reason is that they don't know how to regulate it and it seems new for every government so they choose to ban it or avoid it instead of supporting it but if they know the capabilities of cryptocurrency, I think they will starting to like it.

indobitcoin.tk

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banning of many countries about the risks because certainly crypto can be caused. prices are still vulnerable to fluctuations will be one of the cause after that Crypto was rejected in many countries. Maybe the system transactions are good enough but on the other hand this could be abused in the black market transactions and of course, the Government very forbidding it.

jeronimosuykens

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Quote from: Viklopot on October 31, 2018, 06:11:59 PM

I believe that the main reason for the ban by the governments of cryptocurrency is that they can not control the cryptocurrency

Yes, this is the main and most important element, I have the same thoughts as you. Since the electronic money is too large, the knowledge of each person is different, they can not control all the new ideas and inventions of the world of technology, so they will not be able to manage all. cryptographic password

malading

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How could it be that the government does not like cryptocurrencies, which is definitely a fake. The reason why the government rejects cryptocurrencies must be that it is very dangerous and not suitable for all investors. This must be considered for their people, and the cryptocurrency market is just beginning to be filled with too many risks.

warcarft3

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I think this is related to their technology. They are not ready to issue their own cryptocurrency. In addition, the cryptocurrency is just beginning to be very unstable. They may want it to stabilize.

Bavaria

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Quote from: otunayode on October 31, 2018, 06:23:09 PM

I don't see reason for dislike of cryptocurrency either by government or individual or group! Cryptocurrency intend to make things easier and faster in finance, business and in economy! Cryptocurrency is making lives better and it should be embraced!

Well, The head of the Bank of International Settlements absolutely disagree with you.
'Stop Trying to Create Money' - said BIS Chief to coders Grin

https://www.coindesk.com/bis-chief-says-stop-trying-to-create-money-in-new-crypto-critique/

otunayode

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I don't see reason for dislike of cryptocurrency either by government or individual or group! Cryptocurrency intend to make things easier and faster in finance, business and in economy! Cryptocurrency is making lives better and it should be embraced!

Viklopot

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I believe that the main reason for the ban by the governments of cryptocurrency is that they can not control the cryptocurrency

white_star

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Quote from: malicoin on October 31, 2018, 06:01:03 PM

i think the most important reason why government does not like crypto is because it is going to make unreal their plans of taking more money maybe or stealing we can say.

Government abandoned crypto because they believe that it's powerful to replace what they supported which is fiat money .I believe that if they are able to accept this fiat may diminished as possible .

malicoin

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i think the most important reason why government does not like crypto is because it is going to make unreal their plans of taking more money maybe or stealing we can say.

Bavaria

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Well, before Satoshi presented bitcoins whitepaper only governments had the power to print money. Also governments and banks like to say Bitcoin is backed by nothing. That's the reason in my opinion.

offstage

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Government just wanna to use crypto for themselves and try to control all economic situation now. Crypto don't gives them that chance.

vorfolomej96

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The cryptocurrency is freedom. The government controls freedom. The government does not need free people.

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