Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: anyone on August 22, 2018, 03:41:00 PM
-
I often read the news about bitcoin at the beginning of the year, some countries will ban bitcoin at the time even though it is no longer sounds as loud as the beginning of the year about bitcoin prohibition, what is it to the government's advantage if it prohibits the use of bitcoin in your opinion?
-
It's basically about control. Governments generally don't like anything where they are not in control. Bitcoin has the potential to become an international currency, which in turn could destabilize sovereign currencies. I doubt there will be too many countries which either introduce, or maintain, a long term ban, but regulation is inevitable.
-
Fortunately, the government is increasing gold or silver investment and more tangible investments such as property. crypto is considered to have a reduced effect on real investment (business competition)
-
I often read the news about bitcoin at the beginning of the year, some countries will ban bitcoin at the time even though it is no longer sounds as loud as the beginning of the year about bitcoin prohibition, what is it to the government's advantage if it prohibits the use of bitcoin in your opinion?
Bitcoin is decentralized currency making it independed and free of control of governments.
The second reason is if government really cares about its citizens they may prohibit because its very speculative and people probably gonna lose their money damaging economy.
-
I often read the news about bitcoin at the beginning of the year, some countries will ban bitcoin at the time even though it is no longer sounds as loud as the beginning of the year about bitcoin prohibition, what is it to the government's advantage if it prohibits the use of bitcoin in your opinion?
I think The government can take taxes from bitcoin or crypto currency transaction. It will be income of state.
-
I often read the news about bitcoin at the beginning of the year, some countries will ban bitcoin at the time even though it is no longer sounds as loud as the beginning of the year about bitcoin prohibition, what is it to the government's advantage if it prohibits the use of bitcoin in your opinion?
Prohibition of digital currency will create a risk of criminal abuse such as money laundering cases. This is very important to stop criminals due to crypto.