Topic: Why Government does not like crypto? - page 57. (Read 15123 times)
or lack of confidence in the cryptocurrency as a reliable financial system, or are they simply afraid that they will no longer be able to earn if they accept the cryptocurrency
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 because they think that bitcoin is a scam so they dont recognize it. They must know the good features of it. Virtual money is really a good way of transaction. Making many of our transaction so fast. There are countries that banning crypto in some many reasons because maybe they dont pay income taxes 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?
It will destroy everything that was created and undermine the economy. It will cause inflation, which government needs it, when everything is more or less stable. Yes, and still need to think about how to destroy volatility, that is, to make them centralized.
Although crypto has made great fortunes could produce or but there is also the risk behind it. the Government certainly does not want any of their communities would lose money because crypto is a pretty volatile and this is the problem that many countries are still the main reluctant to want to receive crypto. more than that the smuggling of funds for the purchase of weapons or even illicit drugs also could certainly be passed through a crypto and this is certainly a pretty feared by many Governments.
Some countries do not want to lose control on their citizens, so they come up with how to ban it, it’s not profitable for people to earn and not pay taxes.
if a country does not like crypto is because it loses more than its benefits.
more disadvantaged by the circulation of crypto transactions in that country.
more disadvantaged by the circulation of crypto transactions in that country.
in my opinion because crypto can't be controlled. crypto has the advantage of decentralization. it is natural that the government is afraid that if crypto is legalized it can cause a problem. one of them might be inflation, or even tax evasion and others.
Because the government can not take tax from cryptocurrency. All banks take interest on loans or deposits, but they can not control the cryptocurrency, so they try any methods to prohibit or make people lose interest in the cryptocurrency.
Governments do not like crypto currencies because the government cannot control them. But as we know any government wants to control absolutely everything, especially in the financial sphere.
States do not like cryptocurrency because it breaks the already established stereotypes about money!
Here are the statistics - https://bitcointalksearch.org/topic/cam-aeo-bitcointalk-4687372 These are scam projects.
Statistics by month:
June - 21.
July - 37.
August - 51.
September - 63.
You can make your own conclusions ...
Statistics by month:
June - 21.
July - 37.
August - 51.
September - 63.
You can make your own conclusions ...
Public authorities will not be able to take full control of the cryptocurrency market, so in order to avoid the harmful influence of cryptocurrencies on the country's economy, they either prohibit it or at the legislative level set the conditions for the activities of cryptocurrencies in their territories.
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 is no need to generalize, not all countries react negatively and belong to crypto-currencies, there are also those that have accepted Bitcoin as a means of payment and actively use cryptocurrency-related technologies. It takes time for more and more countries to be positive about crypto-currencies.
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It is possible that in the future cryptocurrency will be able to change the existing and political and economic structure on our planet. Therefore, governments are afraid of this and do not want to allow it.
Perhaps governments do not see the potential of cryptocurrency or are afraid of its impact on society. I also think one of the reasons is the inability to track the cryptocurrency and receive taxes from it.
Crypto is too dangerous. It's the reason many countries do not want to receive crypto to be free in their country. transactions such as for smuggling of weapons could occur through a crypto and certainly, it is that many States avoid. but certainly, there are policies that slowly it began to soften and thus provide good support for crypto.
Goverment does not understand the technology and why blockchain can be also useful for them.
Blockchain is a transparent way how to store informations, send money and so on. They still think that people are using blockchain and crypto for doing illegal activities.
Blockchain is a transparent way how to store informations, send money and so on. They still think that people are using blockchain and crypto for doing illegal activities.
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 don't think the Governments doesn't likely hate crypto. They just put an action to anything that may have a threat to their society and end it before it could harm their place.
Even if not all governments, some governments do not like crypto. I think the first reason is because cryptos don't have a central system. Most of governments want to control the money system themselves. In the other reason, governments have not received any tax from the crypto coins until now. If governments develop a system that can take tax from crypto currencies, their views on crypto coins will be more positive.
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