Topic: Why lot of countries do not allow to use Crpto? - page 40. (Read 4286 times)

I do not think governments want to lose control of their hands. They want you to be in the hands of the money control.

People in the countries where crypto isn't allowed are still welcome to use it without the knowledge of their country, I don't think there is anything between that will keep them away from investing crypto specially if they have paypal funds. Call it illegal but everyone is has freedom on the internet. en-cashing their crypto may be a huge set back though.

Governments and banks are just not going to make it easy for us but we're going there, they will soon give in to the use of crypto when sooner the most useful project in the world are back by blockchain and cryptocurrency.

Government can't control bitcoin.  Perhaps this is the thing they fear most.  It is difficult to control bitcoin. This is going to happen. Money corruption and inflation will increase in their country.

Cryptocurrency is decentralized meaning the Government doesn't have control over it as they do with banks so therefore they would not want people to use it because of lack of control over it, the sooner they realize that crytocurrency has come to stay the better for them as they would now fully harness the benefits of using it as a method of payment.

As there’s clearly too much ad revenue potential to ignore, Facebook  today announced it’s reversing its cryptocurrency ad ban effective immediately. The decision comes with a few caveats, however. The company says it will allow ads and related content from “pre-approved advisers,” but will still not allow ads promoting binary options and initial coin offerings.

Facebook had first enacted the ban in January, saying at the time that too many companies in this space were “not currently operating in good faith.”

While it admitted that banning all crypto advertising was a broad change, the company said that its new policy would “improve the integrity and security of our ads, and to make it harder for scammers to profit from a presence on Facebook.”

But it had also said the policy would be revisited over time, as its ability to protect deceptive ads improved.

Fast forward six months, and apparently Facebook is ready for the crypto ad onslaught yet again.

This time around, it’s making advertisers go through an application process to determine their eligibility. Facebook will ask advertisers to include on their applications details like what licenses they’ve obtained, whether they’re a publicly traded company, and other relevant background information regarding their business.

For one thing, if a country is not very rich like any developing countries, they will not accept crypto currency because it is too unstable and would make it's peoppe lose money. Next, maybe their fiat itself is weak, introducing another currency in their coubtry would weaken it more. These are just some of the reasons i could think of on the top of my head.

Obviously, we cannot and same way they cannot control how we spend. Their control definitely will be limited to exchanges, but does that mean there is going to be a problem with spending. This is a global thing, and I simply do not need to have anything to do with the exchanges before I decide to spend, and when we start seeing real life usage, is when I believe it would kick them in the face the more as to all their bullshits not working.

No matter how hard they try to stop it, I do not see how they can win that fight unless all the countries all over the world wants to come together to make that a reality which I simply know it is impossible.

my opinion is related to the reason why some countries do not agree if their citizens use crypto, the vision of each country can be different by doing politics to protect its citizens, when the citizen is really protected by the state . culture, economics and politics to the real crypto legal world, but it's up to the governments of each country to protect its citizens, because my opinion is not necessarily the government that will legalize the crypto of its economically advanced society in the future. in the future, people are not economically advanced, all need to be studied and analyzed more deeply, can be useful and succeed for all of us

Because they want tax on it.

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.

The main reason according to me is their is no central management to control the bitcoin and government thinks that it will affect the economy  of the country.Uncontrolled circulation of currency is the major problem which is faced by most of the cointries due to which they are not declaring it legal.Misuse of bitcoin led to many issues which cannot be traceable.No doubt it is very convinent and easy to use for common citizen of countries but some are using it for illegal means due to which declaring it legal is not considered as safe.

The disadvantageous of the crypto is that the country think they cannot control it 100% and anything which is not in their hands would not want it to exists. Also the illegal things that can happen with crypto is something no country might want to encourage it if they cannot control it.

I guess this is just not related to the economical views of that country but there are many more other forces who drives the countries decisions. For example, there is political forces, they could be forcing financial institutes upon closure of such operations within country for some reasons. Many times it could be financial institute itself who doesnt want to operate extra load that may be getting implemented because of such transactions, handling of exchanges overloads etc. There are many things which doesnt reach the general public, so we cant say surely why a country go on banning the crypto's.

The scenario you painted is so simple and straight forward which would even develop the economy because of the foreign inflows but they also know this but the real issue with government antagonism to the freehand of bitcoin and crypto currency is what I summarized into two:

1. To have their own cut which is not possible. For example I had read where socialist government charge as high as 50% in fees if you are receiving money from foreign countries. And really government is not after the young chap earning some little change but for the collective number of young chaps spread across the country like that and would earn decent income with government not being able generate revenue.

2. In addition to the above, in other liberal climes, the government is really not after young guys earning morning via internet sitting in front of the computer after all they cannot provide jobs for everybody and they would be avoiding some social unrest by allowing that but the problem in those climes are the rich who sees crypto as a way to hide their resources from the reach of government which the government won't take lightly.

Cause their government didn't believe that bitcoin or cryptocurrency will become huge amount to be true your computer. The first is that bitcoin has dropping the market. I do not capitalism and technology in the right direction for those of cryptocurrency. I believe the bible, and technology

some countries are not open to crypto because mainly, they cannot taxed them, they cannot control the currencies that are coming from outside their jurisdictions, they tend to illegalized it for the main reason that they cannot milk money out of the anonymous users. foreign currencies that are entering their countries are untraceable. they cannot accept that their people are getting rich and they are not. they cannot measure the actual purchasing power of their people that may lead to inflation. 

Countries such as China are taking a hostile stance towards crypto because it poses a threat to the heavily manipulated national currency (CNY). Even the stock market is manipulated in China and cryptos such as BTC can create issues there.

For one thing, countries are on the fence for something new, especially something that haven't yet proven. Of course this is a new economic system and it's volatile at that. Now the conspiracy theorist in me is saying that big wigs from banks are pressuring the government to block crypto currency because people are withdrawing their savings to invest on crypto currency.

If a country has certain taxation law about crypto transactions then after selling he is capable of paying the tax and that's what the government really likes for people who are earning.
Some are prohibiting crypto transactions because they are only looking to the part that crypto is only about transactions from the dark web/market and it's no suitable for clean transactions.
They are avoiding their citizens to get involve with it. That's how they think.
Person has crypto = criminal or involved to illegal activities.

Those countries have a fear that it will ruin their economy and national currency because people will invest in crypto and prices can go to zero (some call it ponzi) so they don't want to take risk .
2nd big issue is money laundering and terrorist activities can be fueled with help of crypto without letting anyone know about it .
3rd problem is govt can regulate crypto completely like any other currency , it is fully decentralized , they can only control centralized exchanges and ICO .