Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Quantum X on July 23, 2018, 04:49:44 AM
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In what part crypto currency affect our world government and why you think that way?
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In what part crypto currency affect our world government and why you think that way?
Governments around the world including the U.S., China, Japan, Canada, Venezuela, Estonia, Sweden, and Uruguay are either actively working on some form of digital currency or exploring the topic. But don't expect a bunch of bitcoin clones. Governments have very different priorities, and decentralization a main feature of most cryptocurrenices including bitcoin — doesn't tend to be one of them. In fact, government digital currencies could herald a new era of centralization, posing serious questions about privacy and the viability of true cryptocurrencies like bitcoin.
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The effect of crypto in the world government are the increase of inflation rate , because crypto is independent to government and that makes out of control , government cant manage it.
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In what part crypto currency affect our world government and why you think that way?
I think crypto currency is the future currency. It is the best payment method.The government should accept crypto currency, It will useful.
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it is true that the currency of the crypto could affect the government and especially I think it is with the issue of money laundering and terrorist financing and that is what the government is very afraid of and the taxation issue.
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Through digital mindset of the people. Mindset is the most effective target to let this crypto accepted aggressively. Once the mindset of the people totally change from fiat orientation to crypto acceptance we will see the massive impact.
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Governments are fearing the end of the global financial system. If crypto really takes on then there is no way to control the taxes so governments will lose funding and the ability to control their economy and country.
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there 2 reasons why goverment afraid of it.
1.Taxation,with cryptocurrency people can use it to avoid it which means they will get less money/income from their citizen.
2.Manipulation,the biggest reason why they are afraid of it because they can not control it fully because it's out of their grasp right now.
its total circulation has been distributed to many people and they need to suppress the price in order to re-circulate the coins.
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it is true that crypto could interfere with the government and I think the main thing is the matter of tax payments, and the government's fear of terrorist financing and money laundering.
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Its influence on the amount of investment and the number of fraud cases in the crypto world. this makes the government monitor the growth of crypto.
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it is quite true that the crypto currency can affect the government and I think in the banking and also in the payment of taxes or in money laundering done by the corrupt.
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the government is afraid there will be a decentralization of cryptocurrency.
because they want it all in their control, such as banks and financial institutions.
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The effect of crypto in the world government are the increase of inflation rate , because crypto is independent to government and that makes out of control , government cant manage it.
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Many governments afraid on crypto currency so many countries ban crypto currencies and ICOS because crypto is very difficult the governments could not managed it.
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Maybe it affects the financial system in good thing and in bad thing. The good thing crypto currency helps the community that has a low chances of job opportunities while the bad side crypto currency becomes an opportunity of the illegal practice of terrorism.
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Absolutely to help more the unfortunate to have their own business to make some money. To do more improvement from one country to another country that seems like relative to each other. Government can do it if all are united to let crypto be with government as one in a good relationship.