World Government and Crypto Restrictions

[Teminali69 1081]

On 5/26/2020 at 8:02 PM, Omar Ommeish said:

Yes, this is the main reason, in addition to the fact that it is difficult to impose taxes on profits that we can take from cryptocurrencies.

But that might not stand for long with the emergence of regulating all crypto exchanges and even coins, many new coins are centralized, with centralization of coins, there will be no more tax free crypto world.

[TheRaed 1247]

Everything that is difficult to control is rejected by governments and the coding world considers it a breach due to the difficulty of controlling it

[Naylor89 1223]

Restriction cryptocurrency in the countries will do more harm than good. Now most investors are putting money in cryptocurrency. People are getting themselves employed by investing in crypto. So restriction cryptocurrency will put serious stress on the economy. I hope the governments will see their mistake and act accordingly.

[Mwangi 5611]

I think the world governments are trying to work as hard and put together everything so we need to really define the good things that we have to put  together a challenge that can help people place everything in a perfect progress, there is a lot of good that works well for the world government thought they are very afraid to adopt this kind of a market so its important we understand this kind 

[Irungu 4299]

With something Like currency , the world must be curious , because they dont want to fall into some struggle that do not make sence so they do watch the crypto currency with a lot of keen , probably they do even  venture and try to take and make some control on it.

[Dorjoy12 8962]

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.

No Friend, the restrictions reason not only the popularity of crypto currency but also for crypto currency a lot of crime happening all over the worlds.. Mostly it happen on those currency where crypto currency is accepted but they also get developed too by the profit of crypto currency.. You can see that those country dont accepted crypto currency are still remain poor.. So lot of reason behind it why crypto currency restricted in both country..                     

[BTC Future 3946]

1 hour ago, Dorjoy12 said:

You can see that those country dont accepted crypto currency are still remain poor.. So lot of reason behind it why crypto currency restricted in both country.. 

True. The countries that mostly want to restrict crypto have very different reasons. Some are poor and think that cryptocurrencies will just make things worse and increase corruption. The poor countries cannot afford this and they probably ban for this reason. Other countries as China banned Bitcoin because they want total control over the finances of their citizens and are now promoting their own digital national currency. And others that have not regulated yet are ready when they get a chance. Even Japan may take back the favorable regulations as they will be developing their own CBDC soon.

[Guru2050 8284]

I think why some government and some countries are against Crypto currency system. It's because of it two key features of being December in nature which make it free from regulations by the government or top individuals, and tax free. And it anonymity feature which doesn't requires third party for making transaction therefore making it more safe and strongly protected.

[gourav789 2834]

obviously this is main reason behind it , Bitcoin is fully decentralised coin . nobody control it's price in market it's price pump or dump even b500$ within some hours . government always afraid that they will suffer from a loss .

[Sugibengi 390]

On 1/19/2020 at 11:07 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.

I agree with you, many governments in a country impose restrictions on cryptocurrency, complicate cryptocurrency transactions or are subject to expensive taxes, perhaps because cryptocurrency is considered a financial threat to a country, because crypto is constantly growing and has managed to gain the trust of people who want to invest inside it. I think that is natural, as long as crypto transactions are not prohibited.

[Dark_Sky 8489]

On 1/20/2020 at 12:07 AM, 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.

I'm sure one of the reason why they not allowed crypto technology is because they know that it can affect a lot and it may change some of the daily routine of the most of us especially those people who will take cryptocurrency as part of their lives. 

[TimopheyKa 3900]

This is true, it is very sad when any state prohibits the use of cryptocurrency in their country. After all, why do they do this? Security? But they can use it in their own way. For example, like Europe, which is actively developing the blockchain system, and is achieving a lot!

[duncun007 3577]

well if we think about this from the governments point of view you will see there are many people having money out of the system and you dont know where that money is going, this is whats scary to the governments.

[Chief executive officer band 681]

Most governments carry out begun to acknowledge crypto technology But here are definitely selected governments that are enormously harm and forbid the make use of of crypto. Corruption is not simply in capital but also in power

 

[muniral4422 185]

Governments are beginning to see the importance and use of crypto currencies. They are also creating ways that they can use to tax crypto users. Although we might not like this but it isn't that expensive. So you can use crypto now I many countries without restrictions. However there are still countries that don't allow it's full usage 

[Solex 2262]

Cryptocurrency is getting better day by day both in terms of popularity and in terms of value for that reason government of many countries are afraid that it may take over the value of paper money in the future and since the government has no right to control it many things can be affected which will result to some damage in the country especially in developing countries.

[TrippleR 8]

There's no doubt that the key reason why the modern world administration will be having quite a few standards for crypto is really because people continue to aren't able to have an understanding of them and even aren't able to regulate them nor overtax them nonetheless straight away people find this outside, believe they should carry a standards as well as bans and after that cryptocurrency might be overall just as before.

[percare 3192]

Yes as you said almost all governments do not like crypto and try to restrict the use and investment in it. This may not change now as they are trying to make digital currencies themselves but crypto will always be there

[Digital 387]

Government is fighting against crypto currency because of the power of crypto currency look how it is shooting up day by day and if government has a way to stop this technology they would have stop it but is unstoppable it works with internet that is why I see the success of crypto currency as long as internet exist blockchain technology still remains .

[Fixfin 2569]

Bitcoin is restricted in some countries and all cryptocurrencies follow the same regulation but they can reconsider once they have the correct information as for now most countries that restrict the use of cryptocurencies do that because of the fear of not controlling it.

[Yabuko 629]

This is not the main reason in my opinion , as we all know there are illegal activities done by people in deep web and with the exist of crypto now they can do the illegal deals easier than before which make it hard for governments to catch them and that is the main reason countries don't accept crypto not because it is succesful

[khan22 3478]

Still so many countries will not except the crypto market but when the crypto market is registered with the governments and they pay tax to the governments at that time this is going to be legal and peoples can easily invest their money in this market.

[Onden 2098]

Yes, there are lots of new rules about cryptocurrency, ranging from taxes, illegal, and various kinds of rules that hinder the development of crypto. This limitation is done because cryptocurrency continues to grow so that it is considered a threat to other finances.

[safwan944 54]

Crypto is banned in many countries due to using it for illegal use like money laundering and terrorism and many more thats why governments restricted this cryptos to enter in their country.I think if this can be stopped can make a good affect on cryptos.

[Tunuu 2235]

The world government have not yet adopt cryptocurrency but that is not a problem because there are many countries which are now using cryptocurrency in their country and some of them their government allowed.