Why Government does not like crypto? - page 63.

matchi2011

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Quote from: Tipstar on September 26, 2018, 11:42:48 AM

Government governs every activities in the country. It's the only entity that can legally use force to suppress or promote different activities.
Crypto transactions are hard to track and when people get an easier method of transferring money without being found, the government can't charge tax over it.

There's always a reason behind why government doesn't like the idea and one factor is being hard to regulate, there's always rules from each countries regarding to how people properly provide their taxation in a legal matters, with the help of crypto, people can hide most of their money and can deal
in any business without any trace, this issue needs to be accommodated and resolve in order for more adoptions to happen.

tuansemazi

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I think the crypto towards decentralization brings freedom to everyone. That challenges the power of governments so most governments feel threatened by crypto.

TelolettOm

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Quote from: Perrigeni on September 26, 2018, 11:16:54 AM

It is not favorable to government to allow all to use cryptocurrency. Money will be at people but not at the government. It is not favorable to them

of course it is beneficial for the government because if crypto can be controlled and legalized by the government, the tax will certainly be imposed. other than that if crypto is legalized it will help the government take care of a country's economy and finances.

Ad Baculum

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Quote from: ayesha703 on August 21, 2018, 02:13:48 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 the future of the currency in our world, it will help us to grow our economy. I think why the governmeny don't accept crypto is just because they afraid to risk or invest into crypto because there is so many scam. And also I think is just because the market price is not volatile.

Tipstar

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Government governs every activities in the country. It's the only entity that can legally use force to suppress or promote different activities.
Crypto transactions are hard to track and when people get an easier method of transferring money without being found, the government can't charge tax over it.

Ulya63

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Well, those who deal with crypto currency do not pay taxes to the state. Of course there are those exchanges that give the state user data but if the trader uses the dex exchange or anonymous crypto currencies then the lope earned knows the current himself. Also, a crypto-currency may affect the outflow of capital to other countries of the world because of this the exchange rate of the country currency drop.

raghovsing34

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Government does not like cryptocurrency because they can't control it and they think that cryptocurrency is mostly use on illegal activities.

fakegurutu

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Quote from: ayesha703 on August 21, 2018, 02:13:48 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?

its simple, the government hates crypto because they cannot have gain a full control of its flow. Also these might end their corrupt governance and they are afraid to be expose of. Decentralized type of currency is the way yo prevent a lot of corruption in the government.

spiker777

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The governments of most countries dont actually take a stand against crypto, they are just waiting to see how the technology unfolds rather than creating laws that might otherwise stomp on a booming industry. They are aware that the technology has potential, but they are just waiting to see how much danger the technology will cause to see if it balances out the benefits, give it more time and we will see favorable regs coming our way.

titan20

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Quote from: ayesha703 on August 21, 2018, 02:13:48 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?

Many people start to like the crypto world, but it is hard to control by governments. That's why governments do not like the crypto currencies.
They can not control the people's income, which gives them freedom, and that's the least thing the governments want.

drlukacs

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Although crypto has a lot of advantages but it doesn't mean it doesn't have any disadvantage

. You should know that government doesn't like crypto because of crypto's disadvantages or maybe it's also advantage of crypto

)). You should know that crypto is really secure and it make government hard to control to prevent crypto taken advantages by crimes,.......

Perrigeni

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It is not favorable to government to allow all to use cryptocurrency. Money will be at people but not at the government. It is not favorable to them

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Quote from: cryptotycoon33 on September 26, 2018, 11:06:02 AM

I think one of the reasons government don't like cryptocurrency is control, many governments of the world might not want to lose control over the financial ecosystem of their countries, they want to make sure that the central bank of their country be the only bank to create money. The emergence of
decentralized cryptocurrency violate the centrality principle of government.

for some countries that prohibit crypto, they think that their main reason is that crypto may be in competition with the rules that exist in the government that is in their country. the basic rules of repayment may be very already modified or updated. especially with the existence of crypto it will threaten the financial stability of the government.
but I think all that is just a form of unpreparedness and inability of a country to keep up with technological developments. if they reject this I think they will be left behind from the civilization of technology ahead.

cryptotycoon33

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Quote from: ayesha703 on August 21, 2018, 02:13:48 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 one of the reasons government don't like cryptocurrency is control, many governments of the world might not want to lose control over the financial ecosystem of their countries, they want to make sure that the central bank of their country be the only bank to create money. The emergence of
decentralized cryptocurrency violate the centrality principle of government.

Kortekmax

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Without proper investigations and deeper knowledge they will really accept and adopt this system, just like what you have said they wanted full control and assurance that before uing this chain they have law the advantages and they can implement rules accompanying all implemented laws inside their jurisdictions from that point crypto in its sole purpsoes can't provide

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Quote from: AbiusGMIU on September 26, 2018, 10:40:43 AM

a normal person can't understand what government like or does not like. governments are sneaky, liar and powerful. they want you think that's all.

do not be too blame a Government, actually a lot of Government are protecting the finances of his rule only. There are some countries that approve and even support the development cryptocurrency because they could overcome the problems that will arise by crypto and they are ready to deal with it. some who resent and resist I guess this depends on the readiness of the Government will be the development of technology. I am sure that in the future all States would legalize cryptocurrency.

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Quote from: ayesha703 on August 21, 2018, 02:13:48 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 many illegal activities and criminal issues are throwing towards cryptocurrency operations and so they are afraid of adapting this for the safety of their own country

While others don’t like this currency because this will stop their corruption activities and will bring the goodness of government and they dont want this to happen

BitindaHouse

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It's clear as a white day, a lot of money will go to the market that they are not in control and they are afraid to lose a big chunk of money which at least as something they can track !!!

xuv500

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Quote from: doctordidi on September 26, 2018, 10:37:00 AM

why does the government not like krypto if the government happens to legalize crypto most likely there are no people who work in real life, such as working in offices, factories, farmers, and many more, most likely switching dicrypto, because why crypto can be done anytime and anywhere, other than the government also has the view that crypto is very risky,

The main reason is it is a decentralised coin it is not much easy to make it legal. Yes you need to take the responsibility of ups and downs in the market. But believe me crypocurrency is a wonderful technology for blockchain.

AbiusGMIU

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a normal person can't understand what government like or does not like. governments are sneaky, liar and powerful. they want you think that's all.

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