Is this why, most countries still hesitate on adopting Crypto

[yonkii 3205]

I have also heard a lot about the deep web and another web that is dark and has taken this name the dark web. These are places where bad things can happen and they have markets for guns and other illegal activities. The news I watched were talking about using Bitcoin in them and other coins for privacy. I think these markets are damaging the name of Bitcoin and we can help Bitcoin by not ever visit the deep web and the dark websites that are illegal.

[Moira Jaa 83]

While it is true that there are currencies that allow them to be used in a non-tender manner and the yellow news benefits from them, I think Bitcoin will soon enter all world markets.

[duncun007 3577]

On 9/1/2020 at 7:57 PM, Swapzone said:

That's the point! Sice Bitcoin transactions are anonymous and irreversible, it is also used for illegal activities. That is a reason for many countries not accepting it.

well even USD is used for illegal things but we dont go around saying the USD should be banned, humans will use anything for good/bad, but that doesnt mean crypto is bad but rather the people are.

[Moira Jaa 83]

Over time, attitudes toward governments improved.  Because if someone becomes a scam, no government can catch the thief.

[Naga 1250]

On 9/25/2020 at 4:17 PM, ajabe2 said:

There is not a way to control cryptos centrally.  The countries have their own banking system and they have full control of there central bank. Cryptocurrencies on the other hand are a peer to peer transaction without the middleman. But the attitude towards them changed for the better with time and in many countries you can use cryptos without any problem.

the upsides we see in crypto are considered downsides for governments because they will lose their credibility if we all started using just crypto and not banks, the money flowing outside of the banking system will be dangerous to governments.

[yato987 2811]

that is true , actually i believe that this reason comes above all the other reasons that people say because it gives the criminals more security  and we can't blame  the governments for considering crypto as illegal because they don't have control on it , even though we don't want them to have control on it because it will cause huge loses to us so this problem still hard to find a solution for it 

[noshot 154]

I have read the same reports and it is known that crypto is used in dark web. It is also the reason some countries don't want crypto but I don't think they can do a lot about crypto as it will keep being used. Instead they should try and locate the websites.

[Brandonsaw 1973]

If on the deep web they pay a lot with cryptocurrencies and the most used is bitcoin, with it they pay on that website, maybe that's why cryptocurrencies are being used to buy illegal things, so maybe the countries still don't want to use the  cryptocurrencies.

[Onden 2098]

In my opinion, the main reason is not the problem of illegal or dark web, but the rules that regulate and determine the circulation of money around the world, namely the government. Everything depends on the government in a country, if the government is not regulated by other financial systems, of course cryptocurrency can be adopted throughout the world.

[Zafarwaheed 0]

On my personal opinion that all the countries will not adopt the crypto currency  ,the reason behind is that no one is controlling the crypto market and it's price also we have to pay taxes on the every transaction. And the government wants taxes on these policies. But in crypto we can easily made a transaction and the third party is not involved. That's why many countries is not adopted these cry markets. Thanks KS my friend warmly for this kind of information.

[khan22 3478]

Main reason is just the scammers and the scammers will break the market trust that is the main reason that most of the peoples will not trust this great market and they are not invest their money in it.

[Goyaa 2414]

That may be true, cryptocurrency cannot be adopted for various reasons, one of which is the news that crypto is a payment for illegal transactions. Transactions that cannot be traced make cryptocurrencies often used as illegal transactions, especially those using privacy coins and the deep web, the government cannot identify these types of transactions, therefore many prohibit them.

[Syedbesharat 5423]

Before  crypto adoption at deep web the dark web was active and dealing in banking transactions. Which cause many banks scandals. But no-one blames them  for crypto anonymity it's still can trackable in blockchain and FBI is tracking them. Crypto is just defame because  of dark web Connectivity.if this problem is resolve crypto become legal. 

[zhoutong 2188]

I think that this is not the reason but just an excuse they have. The real reason for governments not wanting to adopt Bitcoin is they don't want to lose control. Not in the slightest. This is something they long for. Power is corrupting and not allows politicians to think correctly.

[Michar1 1693]

I really have no idea what the deep web is, I had not heard of that topic, but if it is illegal I do not think it is advisable to occupy it perhaps for security reasons well I think.

Edited November 14, 2020 by Michar1

[Fixfin 2569]

But friend, even if they don't adopt and even if the countries ban all cryptocurrencies these people will still be able to use them. Banning doesn't mean they will watch everything you are doing and confiscate your Monero once you try to send them somewhere. It is not possible unless they ban the internet too. So instead they should regulate and allow cryptocurrencies. This way they can tax trading with a reasonable tax and use this tax to hire security experts and find the criminal websites locations and the criminal themselves. There is no other way to do this, and banning does not stop the interest but may also increase it.

[Teminali69 1081]

Deep or dark web i do not consider it a reason for countries to delay in accepting crypto rather a cover up for the real reasons which i think it is the real reasons why government does not want to accept crypto.

These reasons are such as;

• fear of losing financial control
• fear of losing taxes
• Fear of governments transactions to be shown in the public ledger.

[Viscount 1357]

There are a lot of risks and threats to consider before the government starts adopting and implementing crypto currencies to their countries. It would be dangerous enough if they were to go and let the cryptocurrency flow.

[Mella 3680]

I am think it can be this with the many illegal online activity that are use some of them the cryptocurrency for the shady business and bypass of laws. Most are unworthy and deserve to be in jail but there are some markets that maybe sell some things that are not illegal in some countries and I am not judge or be support them but drugs are not everywhere illegal.

[Arslanbhai123 628]

There are  many reasons why many countries hesitates to accept cryptocurrencies in thier countries many government thinks that it's not legit and because of the scammers as this is not lime fiat so scammers are not traceable. And other is they thought that thier orignal currency mean fiat could collapse.

And his fluctuations every day can be the reason also.

[Mansoor sumaan 29 0]

Basically there are three available surface web deep web and the dark web I think you have read it wrong article the main illegal work is done in the dark web . All the countries have abandoned the dark web and it is completely illegal. if you get access to dark web are you a member of the dark web then you will be caught by the police in any country and it is completely illegal. as all the deals are done through the cryptocurrency on the dark web so most of the countries hesitate to assess cryptocurrency in their country.

[M.bello 1015]

Hello everyone I think this is is a organization which could stop that's why government will not approve it but I think if is going to last for ever government should adopt it is going to help many people around the world at large. Adopting it will boost that country economy 

[cryptovlek 2597]

Lately there is a change and perhaps we will see countries to start accepting crypto more while some will remove bans. It is how it happens as there is acceptance from investors that are big funds in the markets and can move positions of governments into adopting new technologies. It wasn't rational for many countries to have banned Bitcoin so this will change.

[The Game 2059]

I think you have a point there and one of  the reason is because of the anonymous features that bitcoin offers in term of transaction during trading. Well deep web may also be among the major reason behind the adoption of these precious coin and lastly I think paper money is the most prefer currency world wide. @Jaafar Fahad Hassan

[Jaafar Fahad Hassan 114]

31 minutes ago, The Game said:

I think you have a point there and one of  the reason is because of the anonymous features that bitcoin offers in term of transaction during trading. Well deep web may also be among the major reason behind the adoption of these precious coin and lastly I think paper money is the most prefer currency world wide. @Jaafar Fahad Hassan

@The Game paper money is the best and is the currency accepted more in the world now , cryptocurrency is yet to obtain that level, it a gradual process though

 Countries fails l to accept cryptocurrency with various reasons ,and I believe one of the main reason is because they can't have control over it and also because of the fraudulent activity involved in it