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ahmed albasha

Why can't governments stop cryptocurrencies?

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Government can not stop crypto currency because it is a oper source technology. if the want to stop is they need to make new law 

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The government will never be able to stop cryptocurrency because they can't control it. That is why most governments are categorically against cryptocurrency. They used to control every penny of residents, and with the advent of cryptocurrency it became impossible for them.

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23 hours ago, Mathers said:

Government can only place bans on cryptocurrencies in their respective countries there is absolutely no way to monitor it's exact usage or not, It will always be lost battle for governments if they keep trying to stop cryptocurrencies.

That would be a toothless bulldog barking and countries like China and India that tried that, now know better what decentralization means. They didn't see Bitcoin and cryptocurrency coming else they would have snuffed live out of it before it saw the light of the day!

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Cryptocurrencies were created to be totally independent of any government entity, I think it is impossible for any country to block them.

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They can't stop at all because crypto can also bring them some money if money will get withdrawn via banks and maybe this is one of reason they don't want stop and ban crypto. 

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Because is descentralized, they cant even control something like that, that why companies are creating theyr own crypto like Libra, and some governments are planing to create a cryptocurrency too.

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On 11/7/2019 at 9:53 PM, Rocco123 said:

Cryptocurrencies are open source technology...so they cannot be stopped or banned by anyone..and also as long as their is internet their will be cryptocurrencies..hope this answer helps..

Bitcoin stoped power is not have government.governments always try it but they fail.  

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Cryptocurrencies are often decentralized, meaning there's no company that holds most of it nor handles its system. Most of cryptos are implied onto cloud that's whythe transactions are transparent.


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Governments trying to stop cryptocurrency but they cannot stop cryptocurrency because cryptocurrency is a computer base currency governments  control this currency.Cryptocurrency work by blockchain service.This is most secure service.Government cannot control this.That's why governments cannot stop cryptocurrency.       

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Thеre аrе а part of purposе why govermеnts cаn dеvastаte сryptо. Fоr сasе in India- thiefs sеizеd guy which preserve bitcoin in 64 000 000$. Aftеr this indiа gоvеrmеnt madе a parсel of rights

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Сryptoсurrenсy cаn nоt be dеnied due tо the systеms it еmploymеnts are nоt within thе gоvernmеnt's managе. Thеy сannot put their pаlms into any exсhangеs оf it. Tоo, therе аre lots of mаnnеr а way tо partnеr bitсоin in their сoins. Individuals cоuld hаvе its way to nеverthеless input thе crypto.

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On 11/7/2019 at 4:14 AM, Rodaniev lovowtsky said:

They used to stop cryptocurrencies due to personal reasons, and that they don't even have the chance to benefit for its transparent approach. Cryptocurrency transactions were can be traced, and I don't think government officials would prefer the volatility of crypto compared with regulated fiat economy. Decentralization prevents them because of visible corruption attempts may follow once implemented that using crypto will hinder their shady intentions in the end. Unlike paper money all motives can be hidden from person to person, so they can do it illegally.

Totally agree with this, the reasons of the government are more like personal, if cryptocurrency system were to be implemented or accepted in a country all will be visible and thus makes it dangerous for them if they are doing some illegal things, it will be exposwd right away.

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37 minutes ago, Dada said:

Totally agree with this, the reasons of the government are more like personal, if cryptocurrency system were to be implemented or accepted in a country all will be visible and thus makes it dangerous for them if they are doing some illegal things, it will be exposwd right away.

Indeed they're more prone of corruptions and other funds malversation, which they could do into manipulation blockchain information when cashless is implemented through cryptocurrency. Once this system will be implemented, it would probably reveal in the naked eyes of the Government financial transparency.

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governments can't stop crypto but it can do more restricted rules like India and china last year if the try  more to stop it another governments may try to make a margins of btc like iran and that will raise the btc price and more people again will try to get in

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As famous, the beсаusе it hаve bеen essentiаl аffect оf thе сrypto boyсоtt is to thrust sоme sellers tо OTС tiеrs.

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On 11/7/2019 at 10:31 AM, kjames said:

because they cant. its not possible to block users from a open source technology. but can be possible if make new law.

I agree. We all know that crypto currencies are open source and governments can't do anything about it. They just need to adapt it too.

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Bitcoin is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. That lack of central authority is the primary reason governments are afraid of the cryptocurrency.

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On 11/7/2019 at 10:48 PM, bentayebsalah said:

Simply because it does not control it and cannot do anything to stop it, it will have to stop the Internet in order to stop it. This is impossible because there will be big problems in countries because of that.

I agree because, crypto transactions is hard to trace so it is impossible to be controlled by the government. The transactions are secured that is is why it is used also for illegal transactions.

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Its because this is decenttalized network which meand no one can handle this and also it has a big impact to the people if they are controlled it like putting taxes on payments online etc.

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In my opinion, when something on the internet, there cannot be stopped by some governments, especially if that thing becomes popular. The government can stop cryptocurrency if they stop internet access in their country so people cannot use the internet like the other country. But I don't think that is the right solution because if the government stops the internet, that will make a demonstration in their country. Although the government bans the cryptocurrency, people who use cryptocurrency will find another way to have access to the crypto world, and I am sure that they can do that. So maybe the government needs another approachment so they can approve cryptocurrency.

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On 11/6/2019 at 4:08 PM, ahmed albasha said:

Many people believe that cryptocurrencies will never be accepted as a form of money because governments cannot pass laws prohibiting them and thus cannot control them, which means that they will not be adopted.

But the problem with these skeptics is that they ignore the actual consequences of banning cryptocurrencies on the ground and how they could rise backfired.
Why can't governments stop cryptocurrencies?
To answer this question, we provide an example of China and its 2017 intervention by the Chinese authorities and the banning of cryptocurrency trading platforms.

Many of these platforms have become compliant with the regulatory framework of the countries in which they operate.

But can cryptocurrency trading really stop?

The answer is no.

There are many solutions that have emerged in the Chinese arena and other areas around the world, especially in areas that prohibit trading.

There are P2P platforms such as Bitcoin or Telegram.
This means that government-sponsored currency conversion is easy and simple.

Once funds are transferred to any cryptocurrencies, geographical boundaries and legal regulations are meaningless.

Cryptocurrencies do not follow the set of international regulations, but that does not mean they live in chaos, but are based on blockchain that cannot be manipulated and decentralized.

In the sense that cryptocurrencies have laws like banknotes but decentralized.

What is the impact of China's cryptocurrency ban in 2017?
Beijing has been unable to ban the acquisition of encrypted digital assets, but it is almost impossible to track down those who own them. They have already understood this and have not even tried to look into it.

This is because of the design of cryptocurrencies that support privacy.

At the same time, despite China's ban on cryptocurrencies, the state has increasingly turned to blockchain technology.

Until President Xi Jinping announced that China should “seize the opportunity” created by blockchain technology last week.

And how blockchain technology will play an important role in the next round of technological innovation and industrial transformation.

This confirms the fact that Chinese citizens are still very active in the Crypto world even though the ban has been in place for over two years.

This does not mean that the prohibition of exchange operations has no effect at all but remains limited.

As noted, the only significant impact of the crypto ban is to push some traders to OTC platforms.

Can governments shut down these platforms as well?
It will be very difficult.

Two parties can meet anywhere in a cafe, for example, or a park bench, agree to each other's terms, exchange cryptocurrencies for cryptocurrencies, and switch between them smoothly and out of control.

This means that governments indirectly encourage the use of cryptocurrencies.

A country like Argentina, for example, imposes a huge 33% tax on international transactions, meaning that every time you want to use the banking system to get your money out of Argentina, the government takes about a third.

You may want to make an online purchase of an airline ticket from a foreign carrier.

Or maybe you just want to buy the latest smartphone not yet offered at local stores.

It doesn't matter if the money leaves Argentina, you are obliged to pay the tax.

Bitcoin and other cryptocurrencies thus become the best way to preserve the value of the property and remove it easily.

This means that the government should consider ways other than the big taxes on remittances.

Traditional government-controlled methods, whether besieging people with large sums of money at borders or through state banks, have become a thing of the past thanks to cryptocurrencies.

in the last:
No matter what governments do or do not do, we see that cryptocurrencies such as bitcoin are the only opportunity for citizens in these countries (China, Argentina, Brazil…) to protect their wealth and property.

Ultimately, it is argued that by imposing strict controls, governments can raise awareness of cryptocurrencies and make cryptocurrencies more popular.

Without extending so much... they cannot be stopped because they are the relief of the banks, everything is about evolution and that is what Blockchain represents, digital and financial technological evolution, if you analyze more intelligently you realize that obviously cryptocurrencies include a lot of factors fantastic which governments are obsolete against it, banks will be part of a past history, cryptocurrencies are their relief and when a new and more efficient technology appears, then cryptocurrencies will also be obsolete.

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Governments cannot stop cryptocurrencies because they have so many economic benefits. Because it brings a bright perspective when the management and control of the economy is no longer under pressure from today's complex systems. Not only that, it can easily create a negative interest rate, something that central banks cannot really do, even when the economy needs a strong stimulus to grow.

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On 11/7/2019 at 4:08 AM, ahmed albasha said:

Many people believe that cryptocurrencies will never be accepted as a form of money because governments cannot pass laws prohibiting them and thus cannot control them, which means that they will not be adopted.

But the problem with these skeptics is that they ignore the actual consequences of banning cryptocurrencies on the ground and how they could rise backfired.
Why can't governments stop cryptocurrencies?
To answer this question, we provide an example of China and its 2017 intervention by the Chinese authorities and the banning of cryptocurrency trading platforms.

Many of these platforms have become compliant with the regulatory framework of the countries in which they operate.

But can cryptocurrency trading really stop?

The answer is no.

There are many solutions that have emerged in the Chinese arena and other areas around the world, especially in areas that prohibit trading.

There are P2P platforms such as Bitcoin or Telegram.
This means that government-sponsored currency conversion is easy and simple.

Once funds are transferred to any cryptocurrencies, geographical boundaries and legal regulations are meaningless.

Cryptocurrencies do not follow the set of international regulations, but that does not mean they live in chaos, but are based on blockchain that cannot be manipulated and decentralized.

In the sense that cryptocurrencies have laws like banknotes but decentralized.

What is the impact of China's cryptocurrency ban in 2017?
Beijing has been unable to ban the acquisition of encrypted digital assets, but it is almost impossible to track down those who own them. They have already understood this and have not even tried to look into it.

This is because of the design of cryptocurrencies that support privacy.

At the same time, despite China's ban on cryptocurrencies, the state has increasingly turned to blockchain technology.

Until President Xi Jinping announced that China should “seize the opportunity” created by blockchain technology last week.

And how blockchain technology will play an important role in the next round of technological innovation and industrial transformation.

This confirms the fact that Chinese citizens are still very active in the Crypto world even though the ban has been in place for over two years.

This does not mean that the prohibition of exchange operations has no effect at all but remains limited.

As noted, the only significant impact of the crypto ban is to push some traders to OTC platforms.

Can governments shut down these platforms as well?
It will be very difficult.

Two parties can meet anywhere in a cafe, for example, or a park bench, agree to each other's terms, exchange cryptocurrencies for cryptocurrencies, and switch between them smoothly and out of control.

This means that governments indirectly encourage the use of cryptocurrencies.

A country like Argentina, for example, imposes a huge 33% tax on international transactions, meaning that every time you want to use the banking system to get your money out of Argentina, the government takes about a third.

You may want to make an online purchase of an airline ticket from a foreign carrier.

Or maybe you just want to buy the latest smartphone not yet offered at local stores.

It doesn't matter if the money leaves Argentina, you are obliged to pay the tax.

Bitcoin and other cryptocurrencies thus become the best way to preserve the value of the property and remove it easily.

This means that the government should consider ways other than the big taxes on remittances.

Traditional government-controlled methods, whether besieging people with large sums of money at borders or through state banks, have become a thing of the past thanks to cryptocurrencies.

in the last:
No matter what governments do or do not do, we see that cryptocurrencies such as bitcoin are the only opportunity for citizens in these countries (China, Argentina, Brazil…) to protect their wealth and property.

Ultimately, it is argued that by imposing strict controls, governments can raise awareness of cryptocurrencies and make cryptocurrencies more popular.

Thank you for that long explanation and I really agree with you 100 percent because what you're stating is true and I appreciate you giving or sharing this idea to us.

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There are many coins, tokens in the country and abroad.  If you want to work, you will hear it.  I love working on Crypto and I want you to do the same.

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