Why Government does not like crypto? - page 9.

Rtalk

jr. member

Activity: 420

Merit: 1

Quote from: CapnBDL on March 25, 2019, 05:56:53 PM

I would not say so, they simply treat this market with caution and want to try to regulate it, which is very difficult at the current stage of development. It seems to me that in a few years everything will get better and regulation will be to some extent.

Why regulate cryptocurrency if it loses its main advantage-its idea ?
Many people choose cryptocurrency because of its anonymity, cheap fees and so on.
States see it as a threat to their regulated and controlled money , which means they will never allow cryptocurrency to circulate freely.
Perhaps the cryptocurrency will be partially legalized, but it is too early to talk about full acceptance.

_Sergo

member

Activity: 798

Merit: 17

Cryptoknowmics - World's First Decentralized Media

Quote from: CapnBDL on March 25, 2019, 05:56:53 PM

I would not say so, they simply treat this market with caution and want to try to regulate it, which is very difficult at the current stage of development. It seems to me that in a few years everything will get better and regulation will be to some extent.

now in different countries they are trying to somehow restore order. But here it is necessary and not to bend the stick, so as not to frighten off investors, because here a lot of good money moves

CapnBDL

hero member

Activity: 1064

Merit: 500

MOBU

I would not say so, they simply treat this market with caution and want to try to regulate it, which is very difficult at the current stage of development. It seems to me that in a few years everything will get better and regulation will be to some extent.

emberbekas

legendary

Activity: 1904

Merit: 1000

Quote from: ilhamsugihamin on March 25, 2019, 01:39:01 PM

in my opinion the government does not like crypto because the government cannot control crypto in taxation and does not benefit from crypto itself so they prohibit it. besides crypto there is also no definite policy in that country.

Not only because of the tax why the government does not allow crypto especially bitcoin as a means of payment. There are many other things that make it difficult for the government to accept crypto as a currency. Volatility is the most disturbing thing to their minds. But we should be grateful though, because they still allowed us to use crypto as an asset.

Revvo1

jr. member

Activity: 272

Merit: 1

"simply getting the job done"

It Is almost not too possible to generalise these reasons as they perculair to each and every of these countries under reveiw. For instance, in my country, the goverenment detest the innovation and all it entirety first because, they it as a danger in sabotaging the already weakened security sector of the state. They put up an explanation saying illegal arms deal can be perpetrated by several enemies of the state using crypto which transaction is almost impossible to track.

The, these reasons can't be generalised. Hence, we can only look at them in regards to their perculiarities in different countries and places.

snakey

legendary

Activity: 1386

Merit: 1001

Government hate Crypto because they fear that adoption of crypto will remove fiat, you only think fiat has value only till then when you can buy a candy for it, what will happen if people start buying candy and stuffs for crypto and not for fiat, now where the value of fiat go?

ilhamsugihamin

member

Activity: 332

Merit: 11

in my opinion the government does not like crypto because the government cannot control crypto in taxation and does not benefit from crypto itself so they prohibit it. besides crypto there is also no definite policy in that country.

ichai

member

Activity: 445

Merit: 10

Worlds Simplest Cryptocurrency Wallet

Quote from: disconnectme on March 25, 2019, 12:47:46 PM

Quote from: Endikadija on March 25, 2019, 01:22:39 AM

Quote from: iram3130 on March 25, 2019, 12:49:11 AM

There are many reasons for this, one of them is not having any security or the tokens can be generated in the name of airdrops and stuff which is basically increases the bank balance of its own team.
XAUp, every Pokens are pegged one troy ounce of gold, which means that all the pokens are equal to gold. Also the team creating it is the successful team of Populous PPT.

The main reason will be the government wants to protect its investors. I was seeing xaup and it looks good for me. but it's not related with this thread dude. The problem is about the government doesn't wanna lost its investors.

Yes, they claim they want to protect their investors, but how many of these investors have they protected from banks going under and shareholders losing lot of money, what government want is control and by not trying to tame crypto they would lose that control especially the financial control

Many countries around the world are concerned about the development of crypto. because if the electronic money is freely exchanged, it is very dangerous for the government. They have no control over it will make many bad guys take advantage of illegal things. That is really out of control and nobody wants to live in chaos

bonker

hero member

Activity: 784

Merit: 502

Its simple,governments wants money so they have their central banks which are making money from thin air so all the bankers were living happily so the government also.But when we have decentralized crypto payment they are not going to make money from nothing so they were opposing it.

znation

jr. member

Activity: 188

Merit: 1

I think this is not a matter of like or dislike, but here is how to accept and control it safely and usefully for the government, then they like it, if it is not good, of course they Support and can remove.

disconnectme

hero member

Activity: 1876

Merit: 512

Quote from: Endikadija on March 25, 2019, 01:22:39 AM

Quote from: iram3130 on March 25, 2019, 12:49:11 AM

There are many reasons for this, one of them is not having any security or the tokens can be generated in the name of airdrops and stuff which is basically increases the bank balance of its own team.
XAUp, every Pokens are pegged one troy ounce of gold, which means that all the pokens are equal to gold. Also the team creating it is the successful team of Populous PPT.

The main reason will be the government wants to protect its investors. I was seeing xaup and it looks good for me. but it's not related with this thread dude. The problem is about the government doesn't wanna lost its investors.

Yes, they claim they want to protect their investors, but how many of these investors have they protected from banks going under and shareholders losing lot of money, what government want is control and by not trying to tame crypto they would lose that control especially the financial control

criptAndroya

member

Activity: 742

Merit: 12

Quote from: Chomsy on March 25, 2019, 08:13:21 AM

The fact that user's privacy is secured and cannot be tampered is a major reason the government do not like cryptocurrency. Non access to funds by the government and decentralization is not accepted to most government.

someone talks about transparency, someone talks about anonymity. While they simply do not know what is more good or harm in it, one thing is clear who will make the clear rules of the game faster, will get a big movement of funds in their country.

Chomsy

copper member

Activity: 364

Merit: 1

The fact that user's privacy is secured and cannot be tampered is a major reason the government do not like cryptocurrency. Non access to funds by the government and decentralization is not accepted to most government.

trash321

full member

Activity: 602

Merit: 100

It simply cannot please them, the fact is that there is transparency in cryptocurrencies, which will never distort the results, so everything is simple and I think that they just do not like this transparency. These are obvious facts that you can easily take into account.

futuristishe

full member

Activity: 420

Merit: 100

Of course the government doesn't like bitcoin. Because people can earn a lot of money without paying taxes, and the state does not have the ability to manage cryptocurrency.

Adya

sr. member

Activity: 868

Merit: 250

Your Data Belongs To You

i stil believe that these guys buy cryptocurrensies themselves) and trying to hide their pools. like "crypto is fake money" and same time in their hads "buybuybuy more, buy cheap with hardcoooore" Grin

Golstrim

sr. member

Activity: 1456

Merit: 253

Margin Trader

Government doesn't like crypto because it is centralized. That's it.
To my mind government should adopt for crypto and then it will be good for everyone.

NightMar_1St

jr. member

Activity: 309

Merit: 1

The government does not like electronic money because it is difficult to control cash flow and taxes. The main thing is that the government will not make a profit if electronic money replaces paper money

cak imin

member

Activity: 250

Merit: 10

Quote from: dimonarka on March 25, 2019, 06:22:30 AM

Because they can not track transactions and funds of users. In this, plus cryptocurrency is anonymity. Also, users of cryptocurrency do not pay taxes and this government does not like

Why not? they will realize and start to like it. this is a big update, the rules in the future will tie it all up. starting from the ico and exchange projects, they will all pay taxes.

dimonarka

sr. member

Activity: 994

Merit: 250

Because they can not track transactions and funds of users. In this, plus cryptocurrency is anonymity. Also, users of cryptocurrency do not pay taxes and this government does not like

Topic: Why Government does not like crypto? - page 9. (Read 15087 times)