Governments and Dual Decisions Regarding CryptoCurrencies

[teebasas 3018]

In the United States, there has never been a Bitcoin ban. Neither Trump nor his predecessors have ever prohibited its use. I'm not sure where you got these stories, but despite the fact that this is an old post, I felt compelled to comment that it contains false information. What you're claiming didn't happen.

[Jack764 1841]

The field in general is useful and good, but there are many people who have exploited it for illegal gains, especially money laundering and other things, so limits must be set for this field.

[Pereira 2303]

There was a time when the United States banned with sanctions people who worked with cryptocurrencies because they could do illicit acts with it or they could do clandestine acts without being able to search for the people who did it, but now it is totally different they realized how much that brought more benefits than losses if these cryptocurrencies were implemented well is now accepted and marketed in the United States.

[pacific 2268]

Governments mostly ban cryptocurrencies as it might bring price fluctuations, and adversely affect the fiat money. Just because people trade them with fiat, and it will make the flow of money untraceable and out of control(for government). Even people who use cryptocurrencies do not pay taxes, and this has caused imbalance in between, so the trading of cryptocurrencies is considered illegal in most countries.

[selfmade 7]

It comes from this fact, the governments does not want cryptocurrencies, but they do not know what to do to stop it, as for the matter of fact there is not way to stop it, so they try to play both sides until they find the way if they ever will.

[Samer1997 715]

I think that this happens because those governments know the great capacity of cryptocurrencies, so they want to impose their control and limit their great capabilities, or they want to control and monopolize the power of cryptocurrencies for themselves

[hghadeer611 689]

I think that many countries ban cryptocurrencies because no one can control them in addition to anonymity on the blockchain, but it is also good that there are some governments that have recently allowed the circulation of cryptocurrencies.