Topic: Why Government does not like crypto? - page 47. (Read 15098 times)
The government doesn't like crypto because it has this thing called DECENTRALIZED, and when it is decentralized the government has ZERO control over it, which means they would not benefit in it, but some governments do not think of this way, because they know that when crypto is vested in your country there are tons of advantages to it, and that is what other governments do not see in crypto, they don't see the potential because they are too blinded.
They are afraid of decentralization and also afraid of replacement of their local currency with crypto!
Yes they are afraid of decetralization coz people will have an idea to keep their coins on an decentralized wallet apps that can't control by the government. Cryptos are here and probably one of the best technology that we have now is the blockchain, Governments should need Blockchain as soon as possible. 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 feel the main reason is not far fetch from the fact that it is decentralized. So they will not be able to tax cryptocurrency holders. Then, some are of the opinion that they are trying to protect their citizenry from scam.
They are afraid of decentralization and also afraid of replacement of their local currency with crypto!
Many people and governments around the world considers cryptocurrency as a currency for criminals that's why some governments even banned Bitcoins. In the other hand, the government hate cryptocurrency because it's a decentralized, fast, secure, and acceptable worldwide backed by no government or cooperation.
I followed the news that said the reason for the government in my country to reject the existence of Bitcoin and make it illegal, their reasons are very classic, including smuggling, money laundering, fraud, and fake investments. whatever their reasons are legitimate, but I don't really care because I know cryptocurrencies are the future...
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?
In my opinion, they didn't like it because they don't know how to regulate this industry so that they wouldn't able to put some tax on it so they choose to ban it instead of regulating it.
The most reason why government does not like crypto, is because is a decentralized digital currency, which is not all the country allow to operate, therefore government has to restricted from crypto industries, just a matter of time, government we come for help, by using crypto currency implementation.
this is not beneficial for the government, because thanks to the block chain and cryptocurrency, the economy of any state can suffer greatly, but I think sooner or later the state will legalize cryptocurrency
Most of the country that legalize crypto have no problem dealing with it especially japan, quite the opposite they got additional income for the country because they are legalizing it. It's actually just a matter of how smart a government can manage to deal with crypto.Like japan they could turn something that to be said disaster for centralized economy into earning and that is awesome.
Unlike fiat currencies which is centralized and cryptocurrencies are decentralized and therefore they have no control over it and that's why they don't like it.
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?
Probably it is due to the lack of stability on the market value of cryptos. It won't promote equality in the market which is an important factor for a currency which can be seen on regular currencies or fiat such as usd, euros, etc. Also, most of the crypros are decentralized which means government won't be able to take full control of cryptos.
this is not beneficial for the government, because thanks to the block chain and cryptocurrency, the economy of any state can suffer greatly, but I think sooner or later the state will legalize cryptocurrency
They don't like cryptocurrencies because these currencies are decentralized, anonymous, and they can't control them. Governments try always to support their local and fiat currencies, because they control them easily, and they want also to control the financial transactions of their citizens. That's simply is impossible for them if people use cryptocurrencies.
There are many reasons the government is trying so hard by all means to retard mass adoption of crypto. Firstly, they are scared of devaluation of FIAT, also individual funds can't be known without their permission, they don't have control over one's assets, also some taxes they get will be cut off. Let me end here, just my own opinion.
to work on focus with the business as delivering goods and service for clients and more with the wider public on audiencies and manage of extent as work on finance with the table of market to improve returns as the drawing on chart with the price of token against bitcoin/fiat.
The cryptocurrency is freedom. The governments do not love freedom for people. Everything is simple. The cryptocurrency will make people free.
Because there have a big risk that it can harm their economy. The crypo market aren't predictable so there anything can be happen.. Everyone will be profitable if its cross 10x but what will happen if its fall down 10x. Not all of people understand crypto market very well but when government allow them to invest in it they will start to invest without any basic knowledge and it can be harm them badly... It will make a bad effect in the country economy directly.. Also people will start to evasive their tex and the criminal people will start to use it as a way of thier ilegal activities. That's why most of government don't want to take any risk by accepting crypto...
All governments want to bind their public to own-self in the money or healty or sheltering so If crypto can come to good position and take position of real money, any government doesn't take taxes and probably its money will fall directly.
On the contrary, the state will try to integrate the blockchain, but in this case people will understand what to spend and this technology today can really take people to a new level, which today is generally as a whole.
I am thinking so too. Governments do not hate Bitcoin, they want to profit on Bitcoin more than the civilians would. There is different factor why bitcoin banned one to other country. Maybe because they some issue happen to bitcoin that can cause to tone country to banned bitcoin. But mostly reason is they did not manipulate bitcoin so they start banned bitcoin to their country.
Government offices want to protect their citizens. Who will be fooled by investors? Who will complain about people selling apartments and losing some of the money from falling prices?
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