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 why many countries and governments banning and don't like crypto is just because they think that it is a scam and also they afraid to used this crypto as a main currency because it is not stable so that they afraid to use it and they hate it.
Topic: Why Government does not like crypto? - page 58. (Read 15098 times)
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 why many countries and governments banning and don't like crypto is just because they think that it is a scam and also they afraid to used this crypto as a main currency because it is not stable so that they afraid to use it and they hate 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?
It is simple why goverent doesn't like cryptocurrencies. The reason is that, government cannot utilize taxes that they can use to improve the currentry. There is no fund that will support their projects in building infrastructure, roads covered courts and many other more. Cryptos are decentralize, it has no taxes just create for much efficient transaction for individuals.
it can be used in various illegal operations in which everything will remain anonymous and it will be difficult to prove everything
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?
Long over. The theme of cryptocurrency is not in the first place.People are disappointed in the cryptocurrency because most have suffered losses.
The state is wary of Bitcoin and other tokens, because there are a lot of scammers in this industry.
many cryptos are decentralized, government cant control it that is why goverment doesnt like crypto
dont worry, crypto will still alive even without any government
dont worry, crypto will still alive even without any government
The reason I see behind this dislike of Government is that cryptocurrencies are not under any regulations..
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?
Cyptocurrencies are threat to the economy of a country that the government primary uses taxes in order to operate projects such as infrastructure, building and etc. having a decentralized currency prohibits them to gain fund for support. Government also banned the use of cryptocurrencies to reduce illegal transaction and maintain good economy.
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?
As a rule, the Government has banned all the new things they can't understand. But now they prohibit cryptocurrency is not why. It has already been studied and poses a great threat to the global financial system. Why do we need a dollar if we can pay for purchases using cryptocurrency?
In my opinion, the nature of electronic coins is non-governmental. Free-to-play electronic coins are not subject to government control and taxation. This dilemma has caused the government to lose some of its revenue, and the crypto market fluctuations made the government face many problems. Consequently, the government does not like crypto. In the future, when the government was able to manage Crypto, this was one of the factors that the government was keen to develop.
Yes, the Government didn't like the Cryptocurrency Because it is difficult to regulate this financial flow because the government will not be able to control the money, and taxes will be very difficult to collect. I think everything will change in the future.
Because crypto is an evolution of money, it should destroy&replace the existing financial system. It's clear that such changes in finance will cause the same global changes in all spheres of our life, including governance also. Let's say, crypto is a death for governments, at least for that form how they are existing now.
So they just try to survive, nothing else.
So they just try to survive, nothing else.
The government does not like crypto because it has no control over the government. The government also thinks it can be a crime by anybody.So the government does not like it. Perhaps due to these reasons the government of many countries banned cryptocurrency.
Governments do not like a crypto, because it is often used to launder dirty money and for drug trafficking, etc. All that is strange scares people.
The truth you all should know today is that the Government wants to control everything within its reach. They probably hate cryptocurrency because of its decentralized nature. That is just the truth about it all.
I think it's because despite that not being the intention, cryptos inherently take power away from the government, by being decentralized and giving financial power back to people, by definition cryptos are revolutionary, because they would change the status quo of financial societies between institutions and people, giving many more options and freedom to the ordinary citizen.
Because the crypto currency will destroy the entire economy of the planet. Crypto currency is a way to make money only for ordinary people, but not for the government. Who wants to go to work for a factory or office, usually to earn money and give some of this money to the state in the form of taxes? If you can sit at home, in a comfortable for you conditions, sell and buy a crypto currency. And you do not have to share with anyone, even with the state!
The government of Vietnam does not like electronic money. They even advise people not to invest in virtual currency. They think it is a scam because of the fact that so many people have lost money, bankruptcy because of electronic money. The state and law of Vietnam do not have policies to protect electronic money.
One of the major reasons why the governments around the world deeply oppose the legalization of crypto currencies is simply because it can easily be used for fraudulent activities and can be a major risk to the current banking system and fiat currencies
We could see on G20 that the governments see the potential in crypto and blockchain technology and they all want to have benefit from it like Switzerland as crypto paradise. They want to regulate it, to be able to get tax on crypto earnings
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