that depends on the economic policies of that country some countries are battling with scammers online so they are always scared of how their citizens are scammed online.
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most countries that cryptocurrency because it is a decentralized market that is not been regulated by the government and it's all about predicting and people liking it to gambling.The cryptocurrency buzz has created a lot of freedom and control people exercise over their cryptocurrency as if they are a bank of themselves. This gives the authorities some geared about control
I think that the main reason behind the doubt in crypto is the fact that there is so much of potential wrong doing that can happen with it remaining anonymous and also there is the tax problem and people not paying tax which i think also raises a concern for governments.I really don't understand why some countries still doubt Cryptocurrency even when its been 12 years since it came into existence. My country Nigeria, doubt its long time future and benefits it can bring to their economy and the individuals. And other countries too around the world still have same doubt around the merits of Cryptocurrency.
Is your country among those countries doubting Cryptocurrency merits? What is the reason behind the doubt? Explain!!
The anonymity and lack of revenue generation, makes the government to doubt Cryptocurrency transition in this present time. But it is their duty to regulate it, fish out those using crypto for malicious things, charge tax at a stable rate.I think that the main reason behind the doubt in crypto is the fact that there is so much of potential wrong doing that can happen with it remaining anonymous and also there is the tax problem and people not paying tax which i think also raises a concern for governments.
I don't think any country is doubting crypto currency anymore,but the problem now is the ban most countries are putting in it all because they believe most bad people use it for their illegal work and received funds through it as well.I really don't understand why some countries still doubt Cryptocurrency even when its been 12 years since it came into existence. My country Nigeria, doubt its long time future and benefits it can bring to their economy and the individuals. And other countries too around the world still have same doubt around the merits of Cryptocurrency.
Is your country among those countries doubting Cryptocurrency merits? What is the reason behind the doubt? Explain!!
Most of the countries are not doubting the existence of crypto currency but they are rather scared of crypto currency, they are scared that they won't be able to launder money and also divert government money any longer.I really don't understand why some countries still doubt Cryptocurrency even when its been 12 years since it came into existence. My country Nigeria, doubt its long time future and benefits it can bring to their economy and the individuals. And other countries too around the world still have same doubt around the merits of Cryptocurrency.
Is your country among those countries doubting Cryptocurrency merits? What is the reason behind the doubt? Explain!!
They doubt it, if they aren't doubting, tell me why they'll ban initially naira and crypto transactions?? they see it as threat to their fiat currency devaluation, and way of hiding money by other thief's in the political acumen.Most of the countries are not doubting the existence of crypto currency but they are rather scared of crypto currency, they are scared that they won't be able to launder money and also divert government money any longer.
I don't see crypto destroying the economy, they just don't hold one particular point when it comes crypto shortcomings. They are just jumping from one point to another.Government doubts crypto currency just for one reason: they are dumb! Since they are dumb they believe crypto currency will destroy the economy,
We are saying the same thing, they are scared of allowing us to transact crypto currency with naira because they will be the one at loss, I mean the politician, they won't have any avenue of looting money again.They doubt it, if they aren't doubting, tell me why they'll ban initially naira and crypto transactions?? they see it as threat to their fiat currency devaluation, and way of hiding money by other thief's in the political acumen.
Lol, they don't want us to gain financial freedom. Since they see many Nigerian youths and citizens finding life going around crypto. They just felt jealous, that this men are just going too far. Abi them wan gain good life, for where? no way, Lol. That's their reason, but its simply pathetic.We are saying the same thing, they are scared of allowing us to transact crypto currency with naira because they will be the one at loss, I mean the politician, they won't have any avenue of looting money again.