World Government and Crypto Restrictions

[Oluwaseun 522]

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.

[Oxygen 1004]

2 hours ago, 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.

Governments are actually afraid of crypto currencies as yet crypto currencies dont have any regulations worldwide. 

[Uttom Deb 333]

The world government and crypto are operating under restrictions.  They think that work needs to be done in the middle of a lonely range.

[Kauvincx 18]

I think on the contrary. Governments today are more and more open to blockchains projects and regulators are beginning to adapt their rules to crypto assets rather than simply restricting it for the sake of Anti Money Laundering laws

[Jimmy 437]

Yeahh, Some government was scare of crypto because it's giving decentralized and more transparent system and beside that they can't control it so they just banning it or make strict rules, Even like that some country already developing their own blockchain so looks like it's just about time.

[Great Commander 659]

State also want to gain administrative control to the decentralized system placing the technology on their hands which will not happen as no one controls crypto. 

[Afrizal rahman 2636]

Yes, most of them are afraid of the progress of Crypto. They always have a way to hold back their movements, but this technology moves unregulated and I think there are currently many users who use it.

[rekter 8129]

14 hours ago, 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.

Governments of the world have very different approach on different cryptos, but what unites them is that they are mostly fighting against permissionless cryptos, and that is the whole essence of the idea of cryptocurrency, as they are unstoppable. My guess is that they will adjus themselves for just requiring kycs and transfer history when ever they are changed to fiat currency or products.

[bliznec 22267]

It is true that this is a beautiful thing, no one is in control. Watching what time. We need to make a settlement as possible, but this does not happen due to the volatility of bitcoin. 

[Roomi 1119]

14 hours ago, 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.

Mostly governments are afraid of cryptocurrencies as they know what it can done to world's economy, yes you are right the daily growing popularity of crypto currencies scaring governments due to crypto do not have any regulations. 

[Ayush Singh 1175]

Yes its true many governments have already exposed restrictions on it because its covering the market widely and is also a big community but accordingly it also effect the economy of the countries so lets see what happens. 

[Suhannewaz 245]

According to the Central Reserve Bank, there is currently no legal or regulatory framework applicable to cryptocurrencies or their equivalent, as the monetary authorities, the financial system regulator and the payment systems watchdog.

[duncun007 3577]

i think in the future we will see more countries accepting crypto and this will be due to the fact that a lot of people will use crypto andf the government will need to start allowing it.

[Sapdrx 469]

Just now, Moinul said:

Yeah, this is really an amazing digital technology. So the government think that cryptocurrencies will have a big threat in the global economy. Government also afraid of when it comes to the financial institution system.

Indeed so. It mainly has to do with taxes, because how can crypto be taxed if they are out of sight and decentralized. People are taxed on their savings and investments but when this money moves to digital they cannot be taxed anaymore.

[McCree 713]

12 hours ago, Oxygen said:

Governments are actually afraid of crypto currencies as yet crypto currencies dont have any regulations worldwide. 

They are afraid that they will take over their own central banks and that they will lose leverage over their countries economy. Since most are not running them properly, they have a reason to be afraid.

[Rahul21 626]

Yes, of course, the government does not really have an opinion on the cryptocurrency in the global economy, so cryptocurrency cannot improve.  So I would like to say that cryptocurrency will one day go a long way in improving many technologies, then in time the government will be able to fully accept it and in the continuation of different technologies, I can see that cryptocurrency will play a special role in the economy.

[gigabyteRTX 1583]

Well, it is natural because crypto being decentralized can become an enemy or a problem to the government and maybe because it is a threat for them, and many people will be dominant, and they can't stop it. Anyway it will take some time before the governments fully adopt the crypto currency.

[Soaib khan 1035]

yes you right.if crypto currencies legalize worldwide maybe banks face big loss because banks international transaction charges is high and crypto charges low and transaction complete within 5 minutes. 

[babaji 1228]

And the fact that if they give the due approval or acceptance to cryptocurrency, will lead to financial autonomy or financial independence for it citizens who is nothing but slaves to them. Second the fact that there is no way to control crypto, is also a big hindrance in the present world order.

[pakjobhelp 1585]

I read in a crypto blog where i read that only 20% countries remain for accepting the crypto worth and other countries and its government work combine for crypto. This is the mark of crypto success in the world. The crypto currency and government policy two different things but now these two things work together.

[Romaan1987 601]

Most of the governments applies restriction just for the reason that his neighbor country have also applied restrictions to the crypto currencies. It become compulsory to control over financial activities as countries have trade between them. 

[Naga 1250]

i think most of the first world countries has somehow banned or have restrictions on bitcoin because they are aware of its use cases and they want the people to be careful from it.

[edukun12 12]

For them, bitcoin and other crypto currencies are a threat to the local currency. That means, whenever the value of bitcoin goes up, they will think that it is a reason for them to find a move in order to distabilize the bitcoin or the so called crypto currency movement.

[Gg233 1061]

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.

In my country they don’t recognize crypto currency and there’s a lot of restrictions in my country they don’t allow forex trading and only stocks trading.

[shafi123 187]

Some governmnet restrictions about crypto technology. They probihetd in their country. Governments think that its economy level is ilegal. Mostly goernments sure this cryptocurrencies. And buy bitcoin and trade with bitcoin.