Topic: Why lot of countries do not allow to use Crpto? - page 39. (Read 4308 times)
To the best of my knowledge, the government of our country only warned as regards fraudulent dealings of persons' involvement in cryptocurrency businesses which could lead to loss of no dey/funds. I believe it is good the government of various countries help to guide and secure its citizens from any form of extortions.
Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?
What do you think about that?
It is because of the treat money laundering, government do not want their people to engage in that kind of act because it is against the law, because of being anonymous here it is easy to steal money without a trace for someone so they prevent it to happen.
Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?
What do you think about that?
It is because of the treat money laundering, government do not want their people to engage in that kind of act because it is against the law, because of being anonymous here it is easy to steal money without a trace for someone so they prevent it to happen.
Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?
What do you think about that?
There are several countries who cannot handle the growth of cryptocurrency because the government is always requiring tax in order for them to get funds but if most of the people are going to use bitcoins then the funds of government might decrease.
It's not about the government is unable to put a tax on it, they can actually do that in some ways, I believe the reason is the government until now can not give their final decision for crypto currency regulations but it is still under observation on how this platform be in use effectively.
In our country, bitcoin is not regulated but it is being put into observation because the users here are increasing. The bad news about it is also growing since it is used for fraudulent actions so I am afraid that it will get banned in here also. I only hope that they are considering the advantage and benefits that cryptos can give.
It's not about the government is unable to put a tax on it, they can actually do that in some ways, I believe the reason is the government until now can not give their final decision for crypto currency regulations but it is still under observation on how this platform be in use effectively.
It was the problem of adaptation maybe, they are still balancing the good thing it can do and the bad romours about them or how their government can also join block chain to monitor their people and many more reasons...
I think there are many countries banned from investing in this market because the government can not control this market. If people deliberately invest in this market to evade paying taxes, money laundering, crime. But this is not controlled so the country's new government prohibits this market.
Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?
It barely has anything to with the economy I think. Most countries ban crypto because of its anonymity and potential use for money laundering. I would say that the govt must love to regulate the exchange and trading part because it would generate tons of tax money. But they are taking careful steps on it, they want to make sure they understand the technology correctly before enforcing any regulation. What do you think about that?
Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?
What do you think about that?
Not only is it a new technology yet, but it also has a moth that can destroy the banking system, the cryptocurrency market. In addition, the fact that there is a new market and that there is no regulation is also shown among the reasons for these prohibitions. Of course, the amateur investor has to take measures like this because every jumper he jumped into the well. We can be confident that everyone will be able to act in a well-informed manner, which will not require any bans.
There are many government does not accept the bitcoin to use the payment for legal due to intervention for secret society peoples only. If the bitcoin reaches the height of the fiat cash means you will find thev private business and fiat cash will be washed out completely to make the the transaction.
Then US is the biggest problem for this bitcoin legalization mate. If the world go with the bitcoin USD value is not the actual thing to conclude the rich country first mate.
Then US is the biggest problem for this bitcoin legalization mate. If the world go with the bitcoin USD value is not the actual thing to conclude the rich country first mate.
Many countries do not allow the use of Crpto because they think the crypto will cause them to lose control and they will become more confused.
I think the government's concerns are enormous when cryptocurrency is inaugurated to flourish because if the majority of the population continues to rely on bitcoin as a means of payment it can automatically threaten the local currency later on.
I think because the government of that country does not want to take the risks that exist in bitcoin that is like a chaotic economy. But I think it's the crypto currency that helps us to this day and change our economy using crypto currency. Perhaps the government of a country that forbids bitcoin to accept the impact of negative news spread.
Governments want to continue to control their own currencies. Bitcoin is something that they cannot control they can't stop people from using it as a means of payment. Many hope to get rich along the way taxation is a way for them to make money from their people making money.
state wants to get tax. the input and output of the money can not be controlled. also a serious competitor for bankers. also a good way to make money. countries are opposed to it. a money they can not control is troubling governments.
It is not about the tax, there are many other things that stop a government to accept cryptocurrency as legal. It is not possible to stop people from investing in crypto and finally they will accept crypto as legal and regular currency. There is no reason for banning crypto because the government has nothing to do with crypto. Now they can also track illegal use of crypto.
I think that the whole thing is in the fear of pulling control. gosudrusto always completely controlled the money issue, and crypto selects this possibility. Of course taxes with crypto are much harder to collect 
Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?
What do you think about that?
There are countries who really needs a funds from taxes, cryptocurrency can actually affect the growth of an economy if most of the people will prefer bitcoins over placing their money on fiat and that is the reason why some of the governments are banning cryptocurrency.
I think other country want to get a tax so that if the crypto did not give tax on government the crypto did not allow to use people in every country and other reason of my understanding the government have a risk to allow to use crypto because government did not control if many people use a crypto and the government did not get a tax of it.
I do not think governments want to lose control of their hands. They want you to be in the hands of the money control.
Government should be control in crypto because they have fix some taxes and regulations then it will allow all the countries but cryptocurrrency is a new technology so our economic situation is not supported in this technology that is the main reason to not allow in crypto legalisation. Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?
What do you think about that?
There are countries who really needs a funds from taxes, cryptocurrency can actually affect the growth of an economy if most of the people will prefer bitcoins over placing their money on fiat and that is the reason why some of the governments are banning cryptocurrency.
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