Personally, I think if the encryption monetary status quo, the government may also maintain the status quo, it is also possible that the emergence of new things the government did not understand what impact will it have on the regime, are closely observe and study! When the time is ripe, the killer will hurt!
Topic: Will the governments kill cryptocurrencies - page 58. (Read 7071 times)
As long as the government has not realized the importance of decentralization and the benefits of blockchain,,, then they will continue to fight crypto. But I am sure,,, gradually they will understand and after getting to know cryptocurrency,,, they will accept it and let it grow in their country. someday I'm sure it will happen.
I don't think, that government can kill cryptocurrency business, and as far as I know, this business are protected by some government leaders, that's why the existence of cryptocurrency today is strongly growing up, and more people slowly used and accessed and it is freely operated on such different countries for almost ten years.
Why the government kill crypto if the people are benefiting on it and they are given a chance to have a good life and able to sustain the needs of the family. If they want to regulate or taxed with it then its fine maybe the word kill is not the right term because as we all know it really helps people.
Cryptocurrency is now accepted by many countries in the world because of its potential. I believe that the benefits of decentralization will be more obvious and the governments those who are against cryptocurrency they will figure it out and they will realize the positive sides of cryptocurrency !!!
The countries that hate or against the cryptocurrency may be going to make certain ways to fight against the cryptocurrency more and more. But, we must also realize that many other countries in this world are actually still offering the open or accept the cryptocurrency. Some are neutral without banning or legally. It will depend on how a country will accept the changes in the technology, financial system, and their society.
Yes, it is more like a community that cannot be broken. The only power that the government can have is that which comes with regulation but definitely it is only going to be some sort of regulation and hold that can only be on exchanges and nothing else. So, the idea of government killing cryptocurrency is just one absurd one that cannot even end up coming into reality. Over time, I see the cryptocurrency space growing more like we have stocks today and that is one thing to look out for.
Taxation are important for each government. If they can tax crypto transactions, it is ok. Some of them are against because they know that they have no control on them. This means tax loss for them,too. Other governmets at small minority saw crypto's power and impression. I don't think that all the governments will kill cryptocurrencies.
I always find news about the government always threatening that they would want to shut down cryptocurrencies especially the major one, bitcoin. But non of this government succeeds. They can try more and try harder but I think its already too late for them. Many Ico now has launched everyday. It needs a miracle to completely shut it down.
In their present form, most likely Yes. In the case of control of the issue of cryptocurrencies by the state, it is not. A separate blockchain of cryptocurrencies will, in any case to implement.
The countries that hate or against the cryptocurrency may be going to make certain ways to fight against the cryptocurrency more and more. But, we must also realize that many other countries in this world are actually still offering the open or accept the cryptocurrency. Some are neutral without banning or legally. It will depend on how a country will accept the changes in the technology, financial system, and their society.
Most countries do not yet know how to respond. You can't fight this! But you can't ignore it either. Therefore, it is necessary to take part in it, but how?
Some governments are starting to embrace blockchain and cryptocurrencies and others are literally closing the doors to this technology. Do you think governments will continue to fight back against cryptocurrencies and decentralization?
Yes I think some government will continue to ban cryptocurrency and its transactions. Fear that some criminals will use it to fund their illegal activities. Or the government just doesn't want to accept such currency because they cannot collect tax from it.
the Government will not be able to kill crypto. they have no participation in it. many countries began to recognize mat money crypto. more than that even they could've been EC it is for their country. This certainly makes the crypto increasingly have the potential positive for the coming era, though many are difficult to receive crypto slowly it seems their thinking toward this will begin to change.
Because from each government the country has different responses or thoughts related to the certain things such as about the circumstances in that country., it will be different and can't be yet really entirely support/accept cryptocurrency completely. Resistance to crypto, I think it will still happen for a long time forward, but if it from one country to another has a particular agreement or program about adopting crypto, it could have been an attacking against crypto wouldn't there anymore.
In this case, the Government will be unable to kill cryptocurrency because during this Government nor is harmed by the existence of cryptocurrency. They should be very pleased because of a lot of people who can get income and reduce unemployment. But if the Government gives the rules to regulate crypto can, as already happens in some countries.
The reason that some countries deny or ban cryptocurrency is because its either they cannot gain through it through taxation or they just want to take control of its regulation in their country, while some is afraid of its potential of being used is scams and in the black market.
No one is stopping them from gaining through it and even though they cannot control P2P transactions, they can still be able to have a hold based on regulations on most, if not all of the exchanges. Sure, there may be some reservations and skepticism based on the fraudulent aspect of it, but the last time I checked, fraudulent activities have been existing before the existence of cryptocurrencies, and if governments want to find a way to curtail that, it can be done.
The reason that some countries deny or ban cryptocurrency is because its either they cannot gain through it through taxation or they just want to take control of its regulation in their country, while some is afraid of its potential of being used is scams and in the black market.
No one is stopping them from gaining through it and even though they cannot control P2P transactions, they can still be able to have a hold based on regulations on most, if not all of the exchanges. Sure, there may be some reservations and skepticism based on the fraudulent aspect of it, but the last time I checked, fraudulent activities have been existing before the existence of cryptocurrencies, and if governments want to find a way to curtail that, it can be done.
Now, some countries fight against and ban the crypto. And we also should realize that some other countries also support the cryptocurrency.
So, it is normal when there are pros and cons especially for this big thing, the cryptocurrency.
hence, it is better for us, individually, to encourage the benefits of cryptocurrency to the world and prove that it is useful and great to participate.
So, it is normal when there are pros and cons especially for this big thing, the cryptocurrency.
hence, it is better for us, individually, to encourage the benefits of cryptocurrency to the world and prove that it is useful and great to participate.
It's possible that government will ban cryptocurrencies if a group of complainants will approach them and tell bad stories. This is their spontaneous reaction to complaints. So unless we keep sad stories within ourselves I don't think the government will intervene.
Group of complainants ? What do they have to tell that is not already known and by now I am sure every government is applying the idea of you are investing at your own risk even while some are trying their best to apply some form of regulation. At the end, it is impossible for government to destroy cryptocurrency as it is totally not going to be an easy thing to achieve, but regulation can make them to benefit a whole lot from it which I believe this is what so many of them are already beginning to look at.
The state does this to protect its people from scammers. For example, in the United States, the Crypto-currency was equated to securities. The crypto currency itself is not prohibited, but many actions are limited. And in Russia, on the contrary, legalizing the crypto currency, thereby it is now freely available and tax free
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