World Government and Crypto Restrictions

[Xantosis 426]

Cryptocurrencies are good and i think right now it's impossible for the governments they can take the decision to adopt and pronounce about legality of cryptocurrency, because right now cryptocurrency need some adjustments about the control of transaction when the transactions will be tracked I think they will adopt cryptocurrency without problem because by that laundering and other illegal activities shall reduce.

[Emma james 333]

There are not making it easier to use and that's really frustrating and there's even government who forbidden it and that's makes me very upset and angry i know they are afraid of losing control but they can put rules on how to use it and let people benefit from it which will benefit them in the end. 

[Nersreem 279]

Yes so many countries afraid crypto currency because they think bitcoin damage their economy, and personal I also think because crypto no one controls and moves freedomly and transaction are encrypted and this technology effects two types its good and bad also but any how so many countries want work in this technology with crypto its really good sign for crypto. 

[Ali iskandr 600]

There are many countries that oppose cryptocurrencies and prohibit their circulation in their countries, and this position stems from their fears that their currencies will collapse and lose their value in front of the cryptocurrencies.

[Mira1992 314]

I think that governments place restrictions on cryptocurrencies because they do not serve their interests in decentralized currencies and do not need banks to document their transactions, and countries cannot control them, and this is one of the most difficult challenges for cryptocurrencies.

[علي سليمان 1071]

In fact, countries that refuse to work in cryptocurrencies do so for fear of their local currency of demise. Because if the cryptocurrencies are accepted, no one will remain dealing in local currencies, and their circulation will be external.

[Alish198562 436]

I think that governments fight cryptocurrencies because they are decentralized currencies that are not subject to the tax system, and thus the economy is affected, also because some bad people use them to buy drugs, weapons, and illegal things, perhaps if they find a solution to these problems, they will lift the ban on them.

[Adam X 323]

There is noway to hide or restrict the Crypto currencies interactions completely by them. They just show aggressive situations due to their fears and concerns about controlling the market which is something that they can't do.

[Saleena micky 685]

It  is still better than most currencies in many countries because it is impossible to track it if you do not know the address of the bitcoin wallet..

[Jami ss 843]

Thank you so much to create this useful information with us that is really helpful for us to understand the restrictions of the world government and the restrictions from the cryptocurrency because without knowledge you are not able to do anything

[emilywillson 666]

Some governments have not dealt with cryptocurrencies because they are not subject to a central authority (a decentralized payment system) and because cryptocurrencies do not need an intermediary, in addition to that, some governments mine cryptocurrencies in large quantities .... These are some of the reasons that pay some governments To put restrictions on encryption due to the success of cryptocurrencies and the increase in their value and profits dramatically within a somewhat short period of time.

[Meer Hamza 409]

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.

[Wael154 1134]

Some of the countries are not allowing this cryptocurrency because they are knowing this crypto are giving us a negative impact and also used it in a bad way, i hope that they will see the positive impact of it to know that this is not giving harmful to people.

[Claria 401]

When the world government notice that the digital currency will one day supersede the really currency their are try to put more effort to see that the issue of coins and digital currency is not participating more in the world.

[jaclyn 622]

Yes, always governments seek to control all economic aspects in the country, it is natural at the beginning of the spread of cryptocurrencies they will fight them, because they are decentralized and the state does not appreciate the limitation of their circulation, but I expect that with the passage of time the governments will recognize them and they will be dealt with officially.

[Shadi29 871]

Coins have already been trying to stop the circulation of the coded currency wheel, because it has become a terrifying economic force and its value doubles fantastically, so governments fear that these currencies will eliminate the paper currencies of countries, but at the present time some countries have begun the process of opening up to the encrypted currencies.

[april1221 303]

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.

The world government really has to think about how the country can play a role in the world of crypto, the high number of crypto users and the uncontrollable crypto will make a negative impact that emerges. If this is left without any special rules governing cryptocurrency, the world's banks and even the world economy will be affected.

[Anower 79]

is on the grounds that its worth is truly shooting step by step and it is extremely unlikely to control this excellent innovation. This is the motivation behind why a large portion of them are apprehensive. Since they figure this benefit will be superior to their nearby money exchange with crypto curreny

[Malik Abi 0]

The battle against cryptocurrency and fiat currencies is always going on. Many countries are against Bitcoin because the currency cannot be tracked back to its origin. This pandemic helped to spread the culture of cryptography among people, which helped to dramatically increase the price of Bitcoin in the recent past. Experts predict that Bitcoin will be recognized by all countries.

[Rose7755 183]

I hope 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 .

[Merry Cherry 670]

Yes because of the success of the crypto currency the world government neglecting the value and demand of the crypto currency. They are going to restricted the coin. World government also taking action against it. 

[Sonii 386]

Absolutely right my friend as we know that it's popularity is increasing day by day all over the world so many countries are afraid due to its increasing prices.. As we all know that it's price is now shooting point. We can use it as a big asset in our business. If anyone wants to become a rich person then it need to know about crypto currency and its usages all over the world and getting after experience he come in the world of crypto and then enjoy it. 

[White3319 463]

Cryptocurrencies will face a lot of problems, many restrictions will be imposed on them, as they are among the best currencies so far and easy to trade, and this can put fiat currencies aside, so most governments try to ban them.

[Sally Yina 391]

Yes so many countries are afraid of cryptocurrency because they think bitcoin harms their economy and private I also think because crypto no one controls and moves independently and transactions are encrypted and this technology affects both good and bad but how many countries want  Work with crypto in this technology This is a really good sign for crypto. 

[mannbdul 562]

Of course, because the government has no clear view on the position of cryptocurrencies in the global economy, cryptocurrency would not change. So, I believe that cryptocurrency can one day go a long way toward advancing several technology, that the government would eventually be willing to completely embrace it, and that in the future of various developments, cryptocurrency will play a unique position in the economy.