Topic: Why Government does not like crypto? - page 51. (Read 15123 times)
I think that governments against cryptocurrencies, especially governments of the countries with developed and strong monetary policy, because right now adopting of cryptocurrencies to their financial systems can cause damage to the economies of these countries, because of scams, frauds and instability cryptocurrencies. But IMHO in the future, when this sphere becomes more regulated, governments will approve using some strong, stable and developed cryptocurrencies. But it needs a little bit more time.
It's obvious - central banks control countries finances and this disrupts their power
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?
one of the main reason is i think they cant control how it flows.secondly they cant make sanctions and tax it.
and also they cant control it, and probably thats the thing that makes them scared.
because maybe they can not handle the crypto and because it does not have tax so other countries do not like the crypto so sometimes people abroad want overseas because their country ban the crypto one reason why not The government was crypto because it quickly fell, but the price was fast.
If I ask you to giveaway something you have control over, will you be ready? Take for example, making your thoughts transparent, will that be okay for you? Of course not. Same is with the government. They can't giveaway the control they have on the money, the financial system of the country. Righ now, they can print money whenever they want, they can cut the supply, they can do corruption. No one gets to know anything. Cryptocurrencies are exactly opposite. They are a decentralized, transparent and deflationary monetary system. Sounds good? Maybe to us, but not to the government.
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?
maybe the main reason is because the governments can't control and maniulated cryptocurrencies my friend
but, i believe in the future most of goverments in this world will accept cryptocurrencies
it only because they don't have the monopoly on it they can come up with some type of rules to make it work for everybody
Because the government is difficult to control bitcoin, and the government thinks that bitcoin is a serious threat to the national currency so that the government imposes a ban on bitcoin in its country.
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?
there are many factors that caused the government to strictly prohibit the circulation of coins in their country's crypto do, one of which they argued was that crypto could destroy the country's economy. I do not know in terms of what crypto can destroy their economy precisely my opinion that crypto can otherwise boost the economy of the poor.
From what I think, the government don't totally hate crypto even if they don't fully support it. They are only trying to protect the masses of the country not to fall as victims of crypto scams which are quite common.
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Government hate crypto because its decentralized and the can't control it and government belief they have power over everything since they don't have power over crypto they have to hate it for that
they can't set crypto completely because crypto is very transparent because it uses blockchain technology. and as far as I know the government also said that if crypto is very dangerous because it can be a source of funds for terrorists, therefore they do not like crypto. whether it is just an excuse or indeed a reality but over time I believe crypto will be accepted throughout the world.In the other hand if we use the same logic, anything that have value could be banned because it can be used for criminality aswell. The government just need to make a regulation to prevent the criminality and it's solved. Not blaming the currency that have no brain.
Government alwasy trying to controll everything that they see can be dangerous for the counrty and they think that crypto is trying to replace banks
probably because it is not taxed in any way or any other actions on their part and for the most part everything is anonymous
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?
Financiers do not need a cryptocurrency either as an investment asset or as a tool, so they order governments to ban it at the legislative level. This is only the beginning, that's when the capitalization of cryptocurrency starts to grow again, then we will see a real struggle and new prohibitions.
If the government uses cryptocurrency, they will lose control over the people. The government wants to rule the country as well as the people and the economy, as it wants. Because, if people use cryptocurrency, then the government will not be able to recover the correct amount and people of the country will use cryptocurrency for illegal purposes. However, cryptocurrency is valid in most countries and people use it without any problems.
I think that governments do not like cryptocurrencies not only because they like to control everything, but also because cryptocurrencies can cause serious damage to the financial system of many countries.
I think this is due to the fact that the cryptocurrency is not beneficial to the government. After all, it has its own rules and procedures. And the government likes to control all the processes that occur in the economy. I think so.
Well, the government does not like the idea that they cannot control the money which is being used by the people so they are making useless excuses. Like who is going to be responsible if someone steals your money or something else but we know if we are going to lose the money then it is full because we made the mistake and not because of anyone else we will be responsible for that loss. And the government is acting like a child and they don't want us to use this technology because they think this experiment is very harmful to our financial life maybe they're right and it is completely our decision right now that we want to take the risk or not because we know what will be the consequences.
they cannot control it, and the fact that the government does not control it does not like it.
Government hate crypto because its decentralized and the can't control it and government belief they have power over everything since they don't have power over crypto they have to hate it for that
they can't set crypto completely because crypto is very transparent because it uses blockchain technology. and as far as I know the government also said that if crypto is very dangerous because it can be a source of funds for terrorists, therefore they do not like crypto. whether it is just an excuse or indeed a reality but over time I believe crypto will be accepted throughout the world. Jump to: