World Government and Crypto Restrictions

[KHALED ADWANI 1216]

It is better than local currencies, no matter how strong the economy
Local currencies can be printed at any time and are subject to influx when making the decision to print or any other wrong decision issued by the government, unlike cryptocurrencies, especially Bitcoin, as their issuance depends on specific technology and in known quantities that are not subject to increase

[Mir Hamza 2888]

In this world, his government is still among the who have banned cryptocurrency and put restriction on it. Which is why he has no knowledge and information about cryptocurrency and considers cryptocurrency as a killer against himself. He thinks that cryptocurrency will ruin his economy in a very bad way. The government of these countries do not know how beneficial the currency can prove to be for them and how much better it can make one of their economy. If the government of these banks comes to know about this, then their government was written to the cryptocurrency there. Actually the government of such should think for themselves which way they are going. People can fix their thinking for that and no one can fix their thinking.

[Anzaatta 379]

Cryptocurrencies are not legal tender in an jurisdiction . they  Unlike , the conventional currencies issued by a Monetary Authority, are not controlled or regulate and their price is determined by the supply of an of demand of their market. fundraising using digital currencies is prohibited.

[huesca123 946]

If you want to know about how the big banks control Governments & the Fiat currency, search Jekell Island Meeting, 1920´s, Georgia, USA. It was a closed door meeting between the bankers & USA government officials. New laws were passed to benefit the banks & to control the money supply, create inflation, etc.

 

A banker once said - He who controls the money supply. Controls the governments. I think it was a Rockefeller.

[ABIR21 426]

Cryptocurrency is independent currency. None can control it and it doesn’t obey any rules. For this reason many countries banned it. They think it can be threat for local currency.  

[Naseer Ahmad78 721]

I think that crypto industry is working towards the journey of success,that thing gives us more happiness but some of people are against this forum so avoid them and if the spammers are working then report them for a action,most of the countries are appreciating this industry and allowing people to join this.

[Nupeboy 627]

Yes the government are really afraid of crypto because they see that it cryptocurrency has a very bright future and they see that they can not have access or the power to control it with time am sure crypto currency will take over everything and the government has know say but to work with it

[Rozy 1918]

Most governments are afraid of the increasing power of cryptocurrency market, for them it is a problem that they do not know how to deal with it that is why they put sanctions on it instead of making legislations. I think they are afraid for the national currency to be undermined by crypto ones but in fact there is a rare chance of something like this to happen and I actually believe that a country's economy will do better with the cryptocurrency.

[abohasnn9 2401]

My friend, global restrictions imposed on cryptocurrencies are logical restrictions because many people may launder money over the Internet with cryptocurrencies specifically, so pressure on cryptocurrencies is important by governments in order to prevent manipulation of the global economy. Thank you.

[teebasas 3018]

Yes, governments always strive to fight Bitcoin because that is not beneficial to them. It affects their local currencies and their economy, so they try to limit the use of digital currencies continuously.

[Ninon 0]

Many of the world's governments are conflict cryptocurrencies, mainly Bitcoin, due to the fact they consider that their neighborhood currencies and their financial device are in risk of being decentralized and no longer problem to any birthday celebration and it is hard to manipulate them. 

[pax166 0]

I believe the major reasons why the government of some countries are restricting the use of cryptocurrency is that it is difficult to trace and because of its decentralised nature which makes it difficult for them to control

[Sandra k 6]

In many countries cryptocurrencies are banned but in the developing countries it is more frequently used in shops now. Many of the countries have exchange stores for exchanging  BTC or any other type of cryptocurrencies in some countries they only allowed trading and in other countries that do not allow anything of digital money.

[Wanderdark 2178]

I don't think the governments of developed countries are applying restrictions to the crypto. Just the opposite they are trying to adopt their own blockchain project and releasing their own digital currencies.

 

I think you are talking about the lesser developed countries. Unfortunately the situation on some of these countries are just like you have described. They refuse to adopt to the technology and the future financial system of the world and alas, they will suffer greatly with this hesitation. 

[Lapulga04 259]

On 1/19/2020 at 5:07 PM, Oluwaseun said:

For the time being, the government of the world are placing lots of restrictions on the success of the Crypto Technology. This is because its value is really shooting day by day and there is no way to control this very beautiful technology. This is the reason why most of them are afraid. Because they think this asset will be better than their local currency.

Hello friend, I agree with you that the World Government are placing restrictions because they are concerned about it's value fluctuations and possibility of getting better than the Fiat currency another reason I feel why they haven't approved it is because it's not easy to track asset and place taxes on people

[MoralStories 1127]

This is not because the value of the cryptocurrency is increasing that is why the governments are not allowing it for making it legal but it is the usage of the currency which is stopping the governments to make it legal

[milyapsak0901 693]

They can ban crypto but it won't take for long and people will always finds  a way to buy crypto. Some governments used to think crypto world is illegal and it can't be control, they're kind of right but in these days, too many regulation is on the way and with those regulation will increase the usage of crypto.

[Momo_064 1281]

On 1/19/2020 at 10:07 PM, Oluwaseun said:

For the time being, the government of the world are placing lots of restrictions on the success of the Crypto Technology. This is because its value is really shooting day by day and there is no way to control this very beautiful technology. This is the reason why most of them are afraid. Because they think this asset will be better than their local currency.

Yeah of course the government are giving many restrictions in the crypto currency and the blockchain technology because they can't control crypto currencies and they think many illegal activities can be done by the crypto currencies. Moreover many countries are underdeveloped countries so they don't have the good technology to afford the crypto currency so they aren't accepting the crypto currencies. 

[zhoutong 2188]

Money should be alowed to evolve. The message today is clear it is centralization versus decentralization. However the decentralized network of Bitcoin has scalability problem and it can't serve millions or billions of people for every day transactions. This could be solved with the Lightning Network. 

I don't think that it will be a cryptocurrency to reach the most adoption for world currency. The way things will probably be, we will have national currencies again in digital structure in the form of credits. It will be one credit equal to a euro in the case of digital euro. But it could be that there will be decentralization too if it is decided.

[Ali Rao 161]

Well it is fact that all the companies and government are also operating there circles under the restrictions. Because if there is rules to follow then the difficulties will never come in the future i am sure about this. Thank you

[Goopang 202]

The only reason as my thoughts is that mostly countries are not having good status for banking and when the every citizen of that country work as a trader and that country can't having enough money to pay them the only system by which every country will agree with this is that if online banking system activated and for trading purpose every trader paid 10 percent of his earning to his country then those countries will surely accept it. 

[The Game 2059]

The world government are not ready to adopt these precious technology and yet is still announcing itself into the world on daily basis, still with the restrictions of the government most of the citizen in this remote countries are still making used of crypto currency and are well satisfy with it so in this issue we should all focus on our work and continue our trade with crypto currency.

[Feras1997 97]

Digital currencies are proven to have sufficient power to undermine the state's authority and control over the markets. In a US Federal Reserve survey of Bitcoin at the end of 2017, Board Chair Jerome Powell concluded that one of the digital currency's biggest risks is privacy. This is why governments fear cryptocurrencies

[Irum shahzadi 296]

I hope so in the future many countries will accept the crypto currency because this currency value are increasing day by day This platforum are provided great opportunities to his users therefore in the futures many countries will be the supporter of this platforum.

[M.Asif 499]

In my views the main reason behind that several governments are inhibiting cryptocurrency is that its demand is increasing day niy day. It provides very good services to  users and that's why everyone prefer to use it instead of local currency. The main threat to government is that if crypto currency gets more value then local than it's economy will be effected badly. I also prefer that it should be replaced by crypto as it has more beneficiaries than a local government currency. You can do trading at international level by using crypto without any fear of losing.