Bitcoin Forum

Crypto Currency is like a Sun powering up the people all around the globe who wants to change the world who are passionate enough to bring changes.

“It’s the top notch opportunity for reaching to the financial freedom”
That’s the reason some governments don’t approve Bitcoin because they already know the Strength of new decentralised digital currency market,if it goes up then the government will have to come down.

It’s just my opinion about Bitcoin ban
What are your thoughts?

Biycoin is developed for peer-to-peer transactions, to bypass the third party, which is mostly the banks. That's why bitcoin is a threat to state issued tender. As bitcoin is decentralized, authorities have no control and they are afraid it's used for criminal activities like money laundering (they say). Banks are afraid that bank accounts would run empty, that everyone would invest in Bitcoin. And in order to get rid of bitcoin, banks and authorities are collaborating to create their own centralized cryptocurrency, which is not what we're waiting for.

Yes, of course, government does. At least until they arent able to control everything in crypto... It's a question of the time cos they have started to own it.

I wouldn't call that fear, they have nothing to feae about. But what all governments want is to have everything under control, especialy over something that can influence the economy. The problem with Bitcoin and other cryptocurrencies is lack of control mechanisms. With possibilities to control Bitcoin governments would also have the possibilities to use it for their own purposes.

Government is a monopoly and anything that will work to break the monopoly is seen to be an enemy even coup. And bitcoin is made to break the financial hold on the masses both in creating wealth and third party involvement in financial transaction.

what will happen to decentralised crypto currency if the banks finish creating their centralised crypto currency?

Exactly! You’re right it’s actually greater than banks and the financial services provided by the governments. They don’t want to lose.

If bitcoin ever becomes the worldwide accepted cryptocurrency as a mode of payment, It will diminish the middleman system resulting in loss of many rich people who just get richer by stealing peoples money through banks and these are the same people who support the government, or more appropriately control it. So, there will always be fear, Fear of loss. It is human nature that he will do anything to prevent his loss and due to that cryptocurrencies have so many restrictions in most of the countries whereas the countries which actually do care on the betterment of peoples standard of living have accepted bitcoin! There are indeed a lot of disadvantages of decentralisation but the advantages weigh more!

bitcoin is prohibited not for access but as a means of transaction because in my country the government still forbids her because bitcoin has not become currency for that country

Perfectly said, none of the Government do not want the people to live independently that is what they are doing by the regulation. None of the people accepting the illuminati theory but as time goes with the big regulation and fake news spreading.
I feel that they were existing and they do not want the money to be in the hand of all the people.
If we fuck them and bitcoin as a legal money we all people from world will be happy.

Yes exactly, government is acting like church, the things that they don't understand they try to destroy it or just ban it like happened recently in India. The Indian government is full of illiterate politicians and they do whatever profits them or work for someone who bribes them so the corruption rate is quiet high in India and now those politicians are afraid of open ledger and decentralized nature of crypto that they can't control so they have banned it to be on a safe side, while the rest of the world is accepting cryptocurrencies Indian government is walking away from them.

I agree with the author, but I do not think that the government is afraid of crypto currency

Govt fear bitcoin because it is decentralized digital currency, and no one can control it. That means govt will lose their control on people and money, and they do not want it. But its 21st century and people want control on their own currency without interfering any institutions or bank. We will see that day soon, hopefully.

Governments do not fear bitcoin itself. They are perhaps afraid of bitcoins capabilities such as taking over the banking system. I think that is why they have started associating criminal activities to it so as to bring it down.

yes its very true that some government fears bitcoin and even some countries rejected the digital currency from having head ways in their respective countries all because of the fear that bitcoin might cause damages to their country economy. and the truth is that bitcoin will always have its way.

Yes your opinion is quite reasonable, and I have my own opinion. The government forbids bitcoin because the government only knows if crypto can only be obtained by investing, and then many of its people use crypto, and then the government is worried if the investment is a scam, so the government bans crypto for use. If crypto persists, then one day I'm sure, the government will support cryptocurrency and blockchain slowly.

The fear of bitcoin can be summed up as this: Ignorance and fear-mongering.
One day, Bitcoin will be responsible for changing the way governments try to run an economy, and may even change the way our economies function by fundamentally changing the behavior of savings. Governments all over the world get scared whenever they are faced with a phenomenon that is beyond their control.

My opinion may be very different from all of you, Bitcoin is hated or feared by the government because its value is easily controlled/manipulated by third parties like the Mafia, for example: "Businessmen, Politicians who have a lot of money, and Whales that have bitcoin more than 40% ", this is exactly what they are worried about because the crypto market does not move naturally.

This is a good explanation. Thanks!

We can also add here money laundering and tax evasion. These factors can not add to the love of the government to BTC.
In addition - some countries are going to create their own crypto and they are not interested in any competitors.

Yes, but some governments not all of them. It’s more like people’s assets rather than being government’s and some governments are afraid of the outcome like what may happen if something being valued and becoming the economy what they can’t control, and there’s another who are actually greedy they can’t see others prosperity.

this reason is true, indeed the government is quite afraid of the current state with the presence of bitcoin. because to my knowledge the government is looking for opportunities in every problem but why with the bitcoin instead the government backed down and did not give clarity to us all.

Why is the state afraid of crypto currency?
What is the reason for such a cool attitude on the part of the state? The absence of central regulatory bodies is the main reason why governments are afraid of crypto currency. What is behind this fear? Let's try to list its main components.
Money is an instrument of control and political influence
Governments control the traditional fiat currency. They use central banks to produce money from the air, using so-called monetary policy. They also dictate the rules of the banks, allowing them to monitor the movement of currencies, and to some extent determine who gets profit from this movement. When the private currency appears in the arena, the state loses all these levers of influence.
Since central banks can increase or limit the amount of money circulating in the economy, in order to stimulate investment, create jobs or prevent inflation and recession, currency control raises a fair concern among specialists.

I do not understand why they forbid bitcoin when all countries support the freedom of all people and it is also regulated in human rights that one has the right to freedom to choose but why many countries do not give freedom to everyone in the economy. Whether the freedom of a person in choosing a decision has been taken away by the fearsome parties?

They fear bitcoin because they cannot control bitcoin and also because they have not found a way to put taxes on bitcoin and therefore they are not making any money from bitcoin.

Many country’s governments are corrupted they live on corruption, they don’t want to see the prosperity of the people they just think about themselves ,as they can’t corrupt the decentralised economy maybe that’s why they purposely ban bitcoin.

Bitcoin is taxfree, obviously almost all governments use these taxes to make money and they have no control in bitcoin because of its decentralization. Some government says they fear that financial misused may hapen to their citizens but personally, I doubt it.

Governments know that there is no way for them to control bitcoin which means that there is no way for them to control the money of the users and their citizens which means that there is no way to control the citizens. Bitcoin takes power away from them and they do not want that

I think the government's fear of bitcoin is one of them for fear of investing into bitcoin can reduce investment into the national real sector and also used by irresponsible people

Yes, and they say we are at a democratic state. If that is the case then why not accept something that is free.
Bitcoin is offered and they go against it. Where is the the freedom there? The truth is they are in control and they dont want that to be eliminated by something created in the internet.

I don't think government has much against it except the fact that cryptocurrencies makes it easy for people to send a country's money abroad without their permission. Since government cannot regulate this market hence they feel the pressure of not being in power. Why would any government want the users to have all the power. They obviously want to be in control and dictate people's lives.
Only a handful of countries recognize the true potential of bitcoin and other cryptocurrencies and have already made amendments in their laws. Japan is one such country which is extremely friendly to bitcoin community. Apart from that no other government is willing to make it a legal tender. I hope that government stops fearing bitcoin in the future and accepts it as a legal tender by understanding its true potential.

I think fear is not the word here. It's just that governments are cautious with viewing on things because they want to safeguard their people from anything that can cause them losses or that can put them in a position where they can be scammed or victimized by shady characters. Unfortunately, this market, if you're not careful, you can be subjected to its normal features like the volatility of its assets, which could really make you regret investing in it. Other times, people can take advantage of you. Those are the things that a government wants to protect their people of that is why they are not embracing the cryptocurrency market like other markets.

Government fear bitcoin and not just them, also banks.
Bitcoin has a system that no one can control, no government nor banks.
Bitcoin is designed for every people in the world, we humans are the first handler of this coin and the system revolve around us.

it seems that the government is afraid of the bitcoin in the country, because the government is afraid bitcoin misused by people who do not want to be responsible such as for drug transactions and fundraising for terrorism

I don't think so. It's silly to fight with drugdealers just banning Bitcoin. Everyone understands it. Actually I believe that they are just afraid to lose their control over financial sector as it is slowly becoming more and more decentralized. That is why a lot of banks now support and use Ripple, and these are not private banks, but also those that belong to a government, such as The National Bank of Abu Dhabi, for example.

Government and banking agencies has been battling with anti money laundering and financial terrorism , the best weapon used by government and banks is Know your customer ,popularly called KYC for short to identify and scrutinize transactions. However bitcoins and block chain enables users of money transfer to bypass this kYc, hence government is very worried of these issues and afraid of bitcoins.

A ban is never a good thing, but people have the power to protest against it, but they rarely do. The government that bans something is always afraid of it. If your government doesn't want you to have guns it means they are afraid of an uprising. If they are not allowing you to freely exchange local currency, they are afraid of people getting rid of it, moving their assets abroad. There's always an explanation and nothing is being done without a reason.

Governments are nervous about the anonymity and the tax evasion that could come out of cryptocurrencies. I don't blame them, as these are perfectly fine reasons to not want to add crypto into their environments. However, I think the governements shouldn't run away from the problem, but that they can simply find a better way to deal with the issues. Anonymity is something that will survive as long as bitcoin does. However, in terms of taxes, there could be a more efficient method of getting earning data from holders. Sure, not everyone wants to pay taxes, but they have to be done.

I personally don't think that any government fears Bitcoin. Bitcoin is just an experiment, while the real brainchild is the blockchain. It is the blockchain that shakes up the old foundations of fintech. The blockchain really disrupts the way information is accessed and stored.  Instead of a private ledger that could be doctored to misrepresent it's true value, blockchain is a publicly available transparent ledger, not controlled by a centralized authority.

From year to year, our government always gives a negative signal to bitcoin, and this is very difficult for bitcoin to grow in our country.
The government certainly has a careful calculation when carrying out the assignment given the current ban is not limited to volatility alone, but the fact has grown, the presence of whales behind the volatility is a government's biggest concern.


Supposedly this Japanese way can be imitated by other countries. That way most likely our country will not be able to limit the development of bitcoin until the future.

Hell yeah, the government fears the bitcoin or the cryptocurrency because they cannot kick back on it or cannot corrupt on the money that people holds. They fear on Bitcoins because they cannot stole money on people. Every government official wants money and that was their strength to live for. Now we will see the real MVP on the government. This is on my own opinion guys. Have a nice day.

Bitcoin is a new technology and because it is decentralised the government cant touch its user, so the government is panic and afraid that all of the transaction wont be able to be controlled by them, the government want everything under their control and the governments afraid that one day all people will used btc and fiat will be less circulated

Government must legalized bitcoin in our country because it will help to decrease the poverty, unemployment and crimes. It will also help to uplift the life of many people. Government must not fear bitcoin instead they must help to one another to make each people to succeed. It is good to change fiat money into digital money. It will make the world progress.

I don't think they fear bitcoin at all.
They handled it very nicely, we all have to pay high tax, we are earning, they are earning, bitcoin is helping economy and everyone is happy.
If they have fears they would have banned bitcoin and mining long time ago.

May be. Or they could just bothering that it will disturb the financial system of the nation and thus will halt the developments due to insufficient taxes paid and brought into the nations development. Bitcoin's decentralisation makes it harder to track each and every movement of the BTC-invetment and thus it could slowly destroy the economic balance and thus cause problems. I mean I would have been government and I was told to take the decision on this regard then this would have been my way to think about it. Its kind of decision making for the sake of nation but not the fear at all.

As Bitcoin expands, bankers and governments will increasingly get worried and call for stricter regulations. However, Bitcoin will prevail and remain censorship-resistant.

The higher the popularity of bitcoin, the more concerned governments and owners of large banks. This is due to the fact that bitcoin and the blockchain system do not have a controlling party. And the blockchain excludes any taxes or interest rates. The whole essence of the government is to control all financial relations in their country, but with cryptocurrency they will not succeed. That's what they're afraid of.

Anything that government doesn't have control over, doesn't suit their approval  ???

Some governments banned btc and some supported.. Only very few countries banned. Most of the countries stay neutral. So its no need to be afraid to buy more btc. This is the best time to buy btc..

Bitcoin is the most popular digital currency in many countries and it's decentralized currency, government can't touch it they can not control the bitcoin.

Government fears Bitcoin because of that they could loss some control of fiat money and many people will use bitcoin or other crypto currency and will forget about paper money.

Governments do not fair, they cannot control and regulate it and often crypto is harmful for economics, it may influence national currency, this is the reason of all the restrictions all over the world.

Bitcoin is the pinnacle of modern financial technology. When Bitcoin is developed and used, the current banking system does not meet the realities. Banks that do not want to lose the role of holding and regulating currencies must be encrypted and have legal policies in place to manage Bitcoin. Do not let Bitcoin grow freely. At that time the role of the government was to manage Bitcoin. Nowadays, many government officials are undertaking a research project to manage Bitcoin, not to develop freely, without letting illegal cases take advantage of Bitcoin to operate ... Before governments can manage By Bitcoin, they will try to limit it. That is understandable.

True, and I think the government fears the Bitcoin because they cannot hold, and they think that it can use by the terrorist without their even knowing. Because Bitcoin is still the free currency.

I think at the moment modern technology is being developed by the nations. For Bitcoin it is an unconfirmed government encryption system for managing and regulating Bitcoin. It has many advantages if it is developed freely, people will choose Bitcoin. While Bitcoin The government will not have any taxes from this market, it will affect all areas: economy, politics, culture, education, foreign affairs ...
While the Bitcoin market is in the process of capturing and managing, the government will limit its development.

yes, the government is not afraid of bitcoin, but the government is once again thinking about how to legalize bitcoin, and to this day many people can be helped with bitcoin, bitcoin can help people to improve the economically disadvantaged people to be a little bit better, and with the presence bitcoin they can help, and I hope the local government will make the right decision for it.

I don't think they fear it, it's just that they aren't crazy about it. Governments could have banned crypto a long time ago if they wanted to. If btc reaches $1M in the future it's because the governments allowed it. They can pass the law ruining the crypto industry whenever they want, but I don't see it happening. They want to regulate it and tax it.

bitcoin is dangerous for bankers and the financial system. That is why they are against the crypto currency. Because they are afraid for their business.

I am not sure but maybe government really fears Bitcoin. Bitcoin is a tax free digital Currency, That's why many country's government doesn't want it. If bitcoin will accept from all over country then we will go to the Mars for sure.

Government are trying to fight cryptocurrency because they know that cryptocurrency is the pathway to financial freedom of a common man. cryptocurrency will make the government irrelevant since many people are loyal to government in order to receive payment.

It is hard for a government to block bitcoin.

As long as there is a country in the world that does not prohibit BTC, BTC will exist!

The value of bitcoins and blockchains is also recognized worldwide!

The government stepped up regulation to avoid money laundering, illegal trading and fraud.

Bitcoin and the crypto market in general has reached a point where it wont be easy for the governments to ban them straight up. As there is billions of dollars of institutional and public money on the line and I don't think governments will take the risk of causing such mass losses to its people.

Yes, I agree on this. Government fears Bitcoin. Bitcoin is the biggest crypto world and the Government cannot control it. it is also decentralized. Beacause of this some Government are starting to ban Bitcoin in their respective countries.

yes, I think it's right.bitcoin  transactions cannot be tracked. your identify is safe. it's the reason why the government fears bitcoin. the government worried bitcoin for crime. and they are also  worried that their currency is not growing.

Yes government scared about bitcoin because bitcoin have a potential to make a new currency and can destroy there own fiat money. Government says that bitcoin is scam. But they have some people scared about the news but the bitcoin believer says it is not a new news it is a fake news.

I think the biggest reason the government is concerned about Bitcoin is its inability to control Bitcoin. More precisely, there is no effective policy for Bitcoin. Once Bitcoin drops, all users who hold Bitcoin will decline their assets. Investors were robbed of wealth by whales, which is also a pain point of globalization.

kind of it's true. Many governments fear bitcoin because it's threatening their centralization, however there surely are smart politics who understand the potential of crypto industry.

may prohibit directly will greatly affect the people who have made the bitcoin of new livelihoods as well as the money that grows in it, but indeed the government must also maintain and ensure that it will be safe for the people. the situation is difficult to prohibit it but rather it only prohibits limited.

Of course, they are afraid of losing control over cash flow and violence. But the fact is that they can not do anything bitcoin, because it is decentralized and does not belong to a specific party.

I a gree with you.

because basically the government monopolizes the finances in an institution, so when there is new technology the government is anxious.

banknotes and metals can still be corrupt, but if the blockchain can not be corrupted and it is clear the TX ID is there to check the bitcoin it runs anywhere.

Yes, This is true because they can not control blockchain and that is why they will fight to kill it.

Part of bitcoin in the world economy is very small. I doubt the government fears losing control of that small amount of money. They are concerned that they may lose control over people. The government can't lock your savings in bitcoin and it makes people independent. This is the biggest nightmare of any government.

if you use bitcoin, you are trusting your money to a complex system you don’t understand, people you know nothing about, and an environment where you have no legal recourse. In the traditional world of investing, this would raise enough red flags to make it a bad idea. On the other hand, the European Central Bank reports that Bitcoin is just one of over 1000 digital currencies now in circulation around the world.

Yes the governments may fear Bitcoin because of its capability and technology plus it could also give the financial freedom people are trying to achieve. But I think the governments are smart also to think that if they would ban Bitcoin and other cryptocurrencies, they will be blamed for the chaos it will imply and so I think in time they will also join the bandwagon and would soon create their own cryptocurrency or technology that would be opposite to these cryptocurrencies they just have not figured out yet on what they have to put up or create.

Yes off course the government should fear bitcoin,simply because it's a decentralized digital currency, it brings power to the people, and they dont have a good how to regulate it,you and I know that every administration seek to regulate the inflow or out flow of cash, but with bitcoin,no way..

yes governments and central banking business hates and fears Bitcoin - also, almost P2P things.

the government is afraid of bitcoin is a natural thing because now the effects of bitcoin can be used as an influence to the world economy. the government should be wary of bitcoin if at any time bitcoin will beat the country's currency and make the value of a country's money is reduced.

definitely yes because if people keep on using crypto currency the fiat currency might break down since less people will use it because nowadays people learn how to use bitcoin and most of payment today are all online so paper currency might cut its value since paper money users are decreasing and the probable cause is economy might break down that is why some country ban bitcoin it has big effect  how much more if more people choose crypto currency rather than paper money .

Bitcoin claims that “It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.” That lack of central authority is the primary reason governments are afraid of the cryptocurrency.

Gov should fear bitcoin, because soon or later bitcoin will take over the world in banking sector. Bank will be in trouble means Gov will be in trouble too. In that case politician also hate bitcoin, some of them talk against bitcoin but we common people love bitcoin.

Yes! Any government should fear bitcoin, if not for anything,atleast for its decentralized system, but I know for sure that they will one day embrace bitcoin and blockchain technology..

governments fear with the Bitcoin due to two reasons, one is that governments do not have control on Bitcoin and other is that Bitcoin is attracting world wide investment and their share market is not getting the investment.

As we all know that governments are greedy for the control, they want to control almost everything in our life. On the other hand, Bitcoin is something that relies on the power of decentralization that takes away control from the centralized authorities and transfers it to the users. In that case, governments can do nothing in case of crypto to crypto transactions but they can restrict the fiat to crypto trade through the banking system. It won't affect anything in the long run.

The government think that all the illegal and criminal activities base is bitcoin because it is world wide acceptability and easy transaction. And also they afraid that bitcoin may destroy the entire banking sector of their countries. Sometime it may because of they can't restrict and control on their needs.

in my opinion the underlying government forbids the use of bitcoin is they consider the bitcoin as hacker and unofficial currency that has a fluctuating nature and bitcoin is not taxed. Therefore the government does not want to legalize bitcoin because they consider bitcoin will disrupt economic stability in the local country.

In addition, we can see what is going on in countries that do not produce anything. Countries like Russia will be much more afraid than others.

right. Many countries are worried that bitcoin will affect economic development. Bitcoins can make it difficult for the national currency system. It can overwhelm the national currency. So many countries like China, India, India have inhibited the development of copper bitcoin. They forbid bitcoin to work.

The government likes to control everything. They like to have power over everything that exists so they can use it for their own advantage. Bitcoin is completely decentralized. No one is the sole authority of Bitcoin. Even the government can't take control  over it if they want for which they hate Bitcoin.

I think it has something to do with "everything under their control" and they can get something out of it because Bitcoin is a large source of income at the expense of nothing on their part. We have to pay taxes and they will surely agree on whatever is happening about Bitcoin as long as they get what they want.

The Cryptoworld is structured in such a way that transactions are done between two parties without a third party which is the banks.  What the government's want is to bring everything under their control and control the prices and transactions. What i see in the future is a future where most people will be involved in cryptocurrencies and governments will have no other option than to accept cryptocurrencies.

Yes, governments fear the btc because it is an instrument that can decentralize by removing power from the central government. But often fear of governments also depends on ignorance on cryptocurrencies and a conservative vision.

Government fears basically what it does not have control over and what has no controller! The government that are actually against this Cryptocurrency are somewhat afraid of innovation and technology.

Because the government feels it's a platform that will make their citizens depend less on the government, if you work and earn little money,you can save up to buy some amount of btc which might later yield and make u comfortable.

Well you are right in some of your analysis because if bitcoin become successful the the government will lose it relevancy in the eyes of the people, and again bitcoin is redistributeming the wealth of the whole world and at that bitcoin is taking over the responsibility of the government who have failed the people in the past.

Is your perception about bitcoin about evading taxation? If it is then you're wrong. You have financial freedom even without bitcoin, it is not meant for people who intends to avoid governments taxation.

Bitcoin is banned in several countries because it's decentralized and governments are unable to monitor transactions which is subjected for state taxes.

Governments are institutions of power. No one has ever seen in history a powerful one that willingly accepts to share that power in a decentralized life scheme. Humanity has in fact created dictatorships whenever it could. 

yes, the government should come down to stop bitcoin, but they will get tired and give up because of their efforts to stop the bitcoin do not a success.

9 years have passed, and bitcoin still survives. this is the greatness of the blockchain system created by Satoshi.

the enemy will not win unless bitcoin will force them to legalize it.

I think government are fears not only in bitcoin but in all crypto connection. They afraid because they wouldn't control it because it is decentralized system. They could not manipulating it specially in regards to peoples financial freedom. This system are also has the ability and capability to perform without knowledge of the third party that's why any transaction will be made without the knowledge of the government so I think this is also the other reason why some governments are totally banned this system. They avoiding the fact that this system will be taking advantages by other people and using it for their illegal purposes like many laundering.

One of the most used, and most powerful, tools that governments deploy to influence the economy is the supply of money. There are additional complexities such as the independence of reserve banks, the managing of reserve ratios, and the setting of interest rates instead of straight money printing, but let’s not nit-pick

I'm sure of it! I think all this is due to the fact that the state can not yet control this sphere 100%. But after a while this may change

Yes government fears in bitcoin becauae bitcoin can replace there currency. So some country banned bitcoin and the other is spreading a wrong news to scared the people in a country and sell there bitcoin to get out of the risk. But they dont know the bitcoin is can help easy the way of payment.

Of course they can.
They can ban it, they can forbid retailers to accept it and they can do whatever they want.
They are law makers after all, however, it doesn't mean people won't use it.

Bitcoin promotes anonymous payments and that is really bad for government because if would be hard to keep track of assets tankless of knowing how to enforce tax payments on the assets,many counties rely on tax revenues for survival so it doesnt bode well for them if bitcoin is universally accepted.

Government fears Bitcoin because it is decentralized digital currency no one can regulated and control it . so government try to bans crypto for use. but some country also take a step like create there own currency .

They can't control bitcoin and what they are worried about is the use of it can be done by most of the people who are doing shady activities.
It's starting to change, there are countries that are verified accepting and adopted bitcoin.

Sooner or later the government will understand that it is useless to prohibit bitcoin, it is not necessary to completely legalize it.

Government can not touch it, they can not control bitcoin. And Bitcoin is the most popular digital currency in many countries and its currency is decentralized, which causes the government to fear the presence of this crypto currency may be crypto currency can not be affected by any government policy

Government might be afraid of bitcoin due to it uncertainty and also the fear of potential criminal will use bitcoin as one of the way to earn or wash money which can't be control.

Yes they can't control bitcoin that's why it cause them fear because sometimes people use it in illegal activities on where it is hard to track those people and the government wants to protect its citizens from this activities that's why they makes some rules to regulate this in order to know more about the users and avoid those malicious activity under bitcoin.

I dont think governments really fear bitcoin because the are strong enough to bring it down if it is needed. Governments control the money which means they control everything including bitcoin because you cannot use your bitcoins to buy necessary things to live and eventually you will have to exchange it for money. About money laundering I think there are lots of other ways that people can use to do that. With bitcoin, big transactions if millions of dollars will look suspect to exchangers and later to banks because money will appear in your bank account from nowhere.

bitcoin is the first decentralized peer to peer payment network that is powered by its users with no central authority or middlemen.That lack of central authority is the primary reason governments are afraid of the cryptocurrency.

The governments in the world not always forbids Bitcoin because of that problem, in my country for example Bitcoin is banned because it collides with regulation regarding the use of forex for transactions. Prohibition is actually fair because it can reduce the

Bitcoin is the first digital currency which made impressive progress so far in this economic world. No government never want those thing in any circumstances which an affect their own currency progress. And bitcoin is such type of currency. :-* Which directly affect an country economy and financial growth. Bitcoin is digital currency due to this its user doesn't pay tax to their government and this thing also affect an country economic progress. The uninterrupted money transaction facility attract more people to use bitcoin and this thing affect an country own bank. So these are the some reasons behind government fears of Bitcoin.  :(

A man who is a investor of Bitcoin says he is hopeful that after 10 years people's buy coffee by using bitcoin from this we can assume that government can fear bitcoin and legalise that because from many news paper we know that bitcoin will be the only one global currency.

I think your opinion is true, but there are other reasons, such as unlawful activities like gambling, embezzlement, or drug transactions, the government has its own consideration of the reasons for banning bitcoin, we can only hope that the government can issue regulations to legalize bitcoin

Fear is a but too much in my opinion, the only thing what the government wanna do is to have everything under control, ofc is something in the middle because it maybe can affect the economy...

Governments do not coexist with decentralizing solutions.
They want to keep control over everyone and so are against any kind of freedom for their people.
And they rely on strong allies at their side, like banks who only want more money from their customers

Absolutely, the government is worried about Bitcoin. In this way, in the way it is establishing its use in all kinds of activities, the government will have to give the Bitcoin validity once.

Bitcoin is going to do to government what Nicholas Tesla would have done to electricity company. When bitcoin get properly adopted it will give more power to it owner, which means decision making belongs to the owner not some black suited individual.

the natural emotional state of the bureaucrat is Fear Uncertainty and Doubt.
those with power fear losing their power.
that said they also profit from crypto every time they seize someones assets. a few years aback I recall reading about how the world's biggest bitcoin wallet was owned by the U.S. government, then of course they sold it all before the spike that was this last winter. however they are always finding some reason or another to take control of someones assets.

The advent of bitcoin does not only create fear and panic in the mind of government but threatens their  existence and of course their monopoly and centralization of currency but bitcoin family do sent care.

cryptocurrency is accepted worldwide as a means of payment, this will reduce the intermediary system for example stealing people's money through banks, There are indeed many disadvantages of decentralization but the advantages are more severe.

Bitcoin is a decentralized transaction which means the system works without central authorities or a middle person. Government uses central banks to trace any currency movements, taxes and even illegal activities. Without being able to do so, government fears that illegal activities will easily get through and can’t be able to track them.

It is starting to change, there are countries that are verified accepting and adopted bitcoin.They can not control bitcoin. And Bitcoin is the most popular digital currency in many countries and its currency is decentralized, which causes the government to fear the presence of this crypto currency may be crypto currency can not be affected by any government policy.

For Banks, the advantages of cryptocurrency are huge. First, the cryptocurrency allows people to trade directly with each other, just a small fee. When you transfer money through a bank, the service fee increases as the amount of the transaction grows, and when the amount of your transaction is large, you usually have a high fee. In addition, because of the mechanism of distributed bookkeeping, the cryptocurrency is not tampered with by anyone, and in the security guarantee, the encrypted currency will only be better than the bank.

only weak governments with unstable economics fear the BTC

As of bitcoin can not be controlled by any government because its more like independent, so i think government can not make sure whether bitcoin is safe for their citizents or not. Bitcoin built with high risk and high return so not any government can make sure that.

the government fears bitcoin because there is no stable means of tax regulation and they are scared of adopting the change, they cant control the cash flows because their ignorance about the trade

I don't think they fear bitcoin. They want to prevent their people of being scam and get involve into a high risk investment.

I think government government don't want Bitcoin because of it's cause to they're country, fiat money is product by the factories that made billions of fiat money, now if Bitcoin is accepted and sooner or later it will be enhance and become the most use currrency, then the fiat money will all be perish or became a collection, the production of fiat money will no longer be made and that's the reason why government don't want to change our currency due to the taxes of making fiat money that we are using now.

Simply because they don’t know anything about Blockchain, cryptocurrencies and ICOs. The issues of regulation and how to control its operation. There are other factors as well like how to impose taxes on it. Fear comes from lack of understanding and anything that looks odd and suspicious is forbidden to the government.

Not afraid but the government wants no loss later in the residents. therefore they forbid bitcoin. not mean fear. there are many factors why the government bans that can not be published

Bitcoin is a king of all Crypto currency, that is acceptable all over the world in a digital form, and highly demand in market exchange, that no have a central point of trace. With the government fear, has prove that bitcoin is real money

Government are not so knowledgeable with the thing happens in cryptocurrency world. Thats the reason why Government are afrad to work with it somehow they really dont know how helpful and become helpful to all the society who wants to have job .And to reach the goals.

Well indeed government cannot control the bitcoin , and that's why i stay at bitcoin because it is decentralized , and one of the common reason why government fears bitcoin , they don't have the right amount of knowledge , they see bitcoin as a fraud a scam , a ponzi scheme , that's why they illegalize bitcoin.

I guess it's true that government fears bitcoin because if not why some countries banned or block it in their country. They really afraid bitcoin so much that's why they don't allow it to know about people.

Government  fears Bitcoin because Bitcoin cant controlled by third party,Bitcoin is an independent and based on blockchain technology which is more secure.Bitcoin made many millionaires and changed their lives.So government want to collect the revenue and tax.

The government is afraid of bitcoin, perhaps the government is afraid bitcoin takes over the country's currency.

yes it is true that many governments from some countries are banning and combating the use of bitcoin in the country but the possibility of the government there is still afraid of technological developments that increasingly sophisticated and possibly also the government under pressure by local banks because I think the most in disadvantage of this case is the bank because many local customers will be reluctant to save money in the bank again, they will prefer to keep it in bitcoin.

I do not think the government is afraid of bitcoin, maybe there is a government concern about bitcoin freedom. The government is afraid if bitcoin is rampant, while no one is controlezing bitcoin growth. If everyone has an automated bitcoin of all rich people, this will have a negative or criminal impact. The rate of economic growth can not be controlled, so that fellow people do not need each other. So instead the government is afraid of bitcoin, but the government is afraid of the negative impact that bitcoin will cause.

I agree mate, every country  has a own currency and the country want their currency will exist not replace another thing  it is the reason why government fears bitcoin. it is my opinion.

I think that the Government wants to control the money and property of the people, the Government feared bitcoin because they fear it change the currency of the country, but with blockchain technology at present the Government does not control it and I believe that in the future more people guess get and use it for a long-term and stable economic investment.

I am with you in this line of thinking. I am also convinced that the majority of the governments that remain adversarial to the idea behind Bitcoin and the whole of cryptocurrency are afraid that their strong power and influence will wind down because of the very strong sense of freedom that cryptocurrency is espousing. The governments will be the ones that will be on the receiving end of this all.

Not all countries feared bitcoin, in fact they are opening their government for Bitcoin and other altcoins. But we cannot remove the fact that many countries has fear to accept cruptocurrency in their places because of some scam issues in their countries.

well, I think that the main concern is bitcoin because the Government cannot control the bitcoin, and currently bitcoin is used illegally to criminals, and I think that that the Government feared most was that country's currency changes do affect the price treatment of the lives of the people.

If the government can manage this market, it will certainly help so much that the economy of that country grows. And if the government can not manage and control this market, that's a concern.

of course, the current high value bitcoin for the encryption market, it was created by blockchain technology so the Government could not control it, now the criminals use the bitcoin with the purpose of using money laundering and the Government fear bitcoin change the currency of their countries.

Of course, governments try to regulate big money turn over as it was BTC and other criptocurrencies in last year. So they do not fear BTC - they try to regulate it and use its money turn over

The government is not prohibiting or not accepting bitcoin as a currency in a country that is feared by the government because it will apply this to all people using bitcoin that difficult especially those who do not understand the world of the internet then the government will continue to review the bitcoin so it would be accepted in all the world as a transaction but can also be used to buy an item.

No not really the government were only foreseeing the possibilities that will happen in cryptocurrency and of course as a concern agency for the welfare of all constituents the government are taking advises doing something as to show their concern instead of doing nothing and might blame them for not giving an advise and will be marked as incompetent. We all know that this is how they work and literally it is just an advise and they could do nothing about it since we are the owner of our investment and only we can decide what to do with our investment in cryptocurrency. So do not just overlook on the goverment because in reality they don't really that care about us. They just care not to be blame for not doing something in regards to cryptocurrency if it will fail. However, the result in investing crypto is the opposite on their speculation and we are now doing great in crypto.

What about the Indian government? ;D

These kind of topics never ends. Bitcoin will never be feared by governments. I believe in bitcoin's innovation but no one can do anything if governments decided not to support it. Fiat money was used way beyond history can specifically tell and it's still used until today.

Bitcoin offers an alternative method for online transaction, so whether we like it or not there's still the conventional way to do transactions.

Yes, if the government wants it can do it. As long as the crypto will retain their position. Because no side effects of the cryptocurrency have not been reflected. I think it will be beneficial for any government.

it is possible, in several country the governmet fears bitcoin will use to illegal acitivities. it is the reason why.

The uplift of a decentralized world of digital or cryptocurrency won't necessarily have the governments coming down. There are more aspects to Government than just financial affairs. Decentralization only gives the power to own control of ones financial affairs and this power is what the banks and government fear to lose.

for now in my country do not prohibit in accessing prohibited bitcoin is sale and purchase transaction using bitcoin without through state financial institution

Govt fear bitcoin because it is decentralized digital currency, and no one can control it.The government forbids bitcoin because the government only knows if crypto can only be obtained by investing, and then many of its people use crypto, and then the government is worried if the investment is a scam, so the government bans crypto for use.

Yes governments fear BTC… and they rightly should. But not for what the first thought that might come into people’s minds which is BTC taking over as a universal currency. While it may not be a head to head competitor just yet, it can rival for certain types of transactions. What they mostly fear is not it’s ability to anonymize transactions for criminal use, but the seed of the ideology that the people can gain wealth outside of their controlled financial system.

the government fears bitcoin because they are assume that bitcoin will give bad affect for their economy and bitcoin can disrupt the stability of local currency whereas it has not been proven. they are always negative thinking about bitcoin without knowing that bitcoin can help a lot of people in their country to improve their economy.

Government always fear on those  thing in which they have no control. Because of decentralised nature Bitcoin doesn't comes under control of government term and conditions. Bitcoin currency  provide better advantage in comparison to an country currency. Due to this many people using Bitcoin instead of an country own currency and this thing affect their country economic growth by lowering the international market price their country own currency. Bitcoin directly or indirectly affect an country own centre bank. Like those above reason there are also other reasons are present due to which government fears Bitcoin  :-*

That’s a true fact and probably most of us think the same about governments. They fear obviously but recently i think they also started to understand that there is no escape, lol.

this is my opinion, I personally don't like bitcoin much but I really like the mechanism blockchain has, so we should focus on blockchain technology than the bitcoin. governments should understand the value of this technology and use it for day-to-day activities. this is what I feel!  :) :)

Government/banks hold control to our financial cash flow ever since. Then bitcoin was created, spread and is now becoming more popular. Why doesn't Government want it? It is because bitcoin promotes equal distribution of wealth-creating-opportunity, while Government and banks hold control to it. On the other hand, there are good points on their view as well as to why they are not yet ready for bitcoin and crypto-currency. It is because of it being decentralized. Criminalities, human trafficking, and other forms of crimes involving a huge amount of money are going to be freely-operated with the use of decentralized blockchain technology and there's no way we will be able to know WHO's behind it..

Government need to fear for bitcoin because is a digital currency that is accepted world wide, and the young youth has weak up from sleep, not like before, bitcoin has come to empower many people here on earth be fore going back to moon, and secondly with a better understanding of movement on bitcoin, it has the power to become reach over night. Government need to be afraid, because bitcoin we operate without they concepts.

The government forbids bitcoin because the government only knows if crypto can only be obtained by investing, and then many of its people use crypto, and then the government is worried if the investment is a scam, so the government bans crypto for use.

Not all governments are afraid of the bitcoins to the people of countries with such a progressive government is very lucky, because cooperation with a new type of economy allows such countries to develop rapidly. The same governments that are afraid of crypto-currencies are actually more worried about their pockets. Many governments of the world can be compared to muddy water, the crypto world is a good cure for turbidity.

I think government will not worry about bitcoin, at first the money that we get from bitcoin are not came from the government, there's no corruption will happen, they instead be happy , maybe it can help improve the economy.

yeah, governments like to maintain power, as with the legalization of marijuana it happens with bitcoin, it is not a bad thing for humanity the opposite, but they like to control everything

Yes. Most government of nations has create an arfiticial fears for bitcoin and altcoins at large. This is due to the fact that cryptocurrencies in general is decentralized while most of the national fiat currencies are centralised. Governments dont like what they cannot control which cryptocurrencies is part and moreso, they cannot tax bitcoin.

i agree with you, government is indeed scared of anything they cant control like bitcoin. government has seen the potential bitcoin has and they know nothing being able to control its use poses a great threat to them that is why they fear it greatly and are against it.

Government fears bitcoin since bitcoin is the first decentralize currency. Which means it is a tax free currency. Government cannot hold it or even stop it. Even the government tries to ban bitcoin, many people will surely try another ways to access and mine bitcoin. It is in the internet. There are many ways to bypass it. Thats why government cannot do a thing to stop it thats why they fear it. They fear that bitcoin can dominate the currency and no more taxes coming to them.

In my own opinion, i think the government see that bitcoin has a big potential to influence the financial system that is why some countries take their actions and banned the bitcoin.

Yes, of course, government does. At least until they arent able to control everything in crypto... It's a question of the time cos they have started to own it.

This is obviously a matter of concern because it affects money market and monetery policy of the government as lot of money are going away which is uncontrollable and invisible. There will be crisis in money supply

I do not think so. I think bitcoin is forbidden as it brings too much negativity to the world. Although bitcoin brings a lot of benefits to true investors, it also brings more profit to the terrorists. So that is one of the reasons why the world government wants to kill bitcoins to protect world peace.

'Fear' word doesn't suit this issue, I think every government should have a concern about their people's money. So government body always trying to find a cool and safe platform for trading and investment. I think most of the government think that cryptocurrency platform is not a safe platform for their people so they are worried about this blockchain system.

Maybe the government is afraid of Bitcoin because it is a decentralized digital currency, and no one can control it. That means the government will lose control of people and money, and they do not want it. Borcoin has become a cryptocurrency accepted worldwide as a means of payment, it will reduce the intermediary system resulting in the loss of the rich by stealing money through bank people.

I like youre opinion .
For me goverment fears bitcoin because people who knows the bitcoin is becoming rich . People who rich didnt not work on goverment . Didnth pay the tax for goverment . Goverment become rich because peoples pay the tax .

Sorry for my english

Youre right .. Now i know why Goverment banned in other country

Bitcoin is hated or feared by the government because its value is easily controlled / manipulated by third parties such as the Mafia, for example: entrepreneurs. Bitcoin will be responsible for changing the way governments try to run the economy, and can even change the way our economy functions by altering basic savings behavior. Governments around the world are afraid every time they are faced with this out-of-control phenomenon that they are worried about because the crypto market does not move naturally.

I think government does not fear bitcoin. They are just concern about what will be the affect of bitcoin in the country. Many people got scam because of bitcoin and I think they are just also concern to the people.

Well the industry is growing and governments fear it because they dont have any control over it. They also fear that bitcoin will be used for illegal activities like money laundering, finance terrorist or use to purchase arms and weapons.

you are absolutely right, because I think a system that can not be controlled by an agency would threaten the institution itself, especially the financial field would have an impact on the state financial institutions that benefit from its economic monopoly, blockchain (cryptocurrency) free us from the old system that can only utilized by some people ,,, it's time to reach financial freedom

slowly the government will begin to control the use of bitcoin and crypto and begin to legalize it. because the government knows if they can control its use it could be one big advantage financially. and can improve revenue for the country. and legalisasipun will benefit many parties

Yes. Government fear bitcoin, because they afraid about banking sector and fiat currency.bitcoin is a decentralized currency.people use bitcoin so easily and its transaction system are so smooth.also government have no authority to control bitcoin.

The government will sooner or later release its own crypto currency, only with a huge number of restrictions. People will be distrustful of state contracts, and "smart" contracts on banned crypto currency will become the prerogative of the black market.

The best enemy of the bitcoin is the governement they want to make the bitcoin stop. They will create a news that bitcoin is bad for the user. They can make the user terible. So the weak people scared about the news but the believer still earning.

Financial freedom is what many of us dream of, especially those that live in countries filled with corruption and embezzlement. Venezuelan's are desperate for a new currency, bitcoin will be big there and perhaps even the petro. Governments will always fear what they cannot control

Well, in my opinion, they certainly have positive thoughts and perceptions about bitcoin and blockchain. However, they have many problems worrying about it. Tax evasion, crime and security. These are very important issues when comparing the benefits of bitcoin and the balance of the economy. I hope there will be an optimal solution in the future to connect bitcoin and crypto in ecosystems from national governments.

It's a very true that some government fears bitcoin. The truth is that bitcoin will always have its way. Even the government tries to ban bitcoin, many people will surely try another ways to access and mine bitcoin.

In my own opinion, government fears bitcoin because of it unstable price and tax evasion problem. But I guess governments shall accept it because of its accessibility and easy usage and thats what people wants right now.

I think to be afraid not but maybe the government is still confused to publish or formalize bitcoin as a legitimate currency because it requires a fairly difficult process because not everyone knows and knows bitcoin

They fear it because of the risk involved which is anonymous transactions...

The government’s ban will cause the Bitcoin trading platform to close.
However, due to the unique nature of Bitcoin, it provides an excellent channel for officials from various countries to take bribes, launder money, and transfer assets overseas. In particular, under the general trend of official disclosure of property by national officials, Bitcoin provided a very good way of anonymously holding large assets.
From this perspective, there may be officials who actively promote the legalization of bitcoin.
Or incorporated into regulation

Well without support of governments it will be impossible for bitcoin and any other digital currency to be accepted as mainstream and governments are only banning it because it is too much speculative and it can not be regulated.

not completely true, some of your opinions i disagree. but any such restrictions are always accompanied by the words of related parties, that bitcoin is a bubble and a ponzi scheme. this is the most efficient benchmark to influence the wider community for the mission to destroy bitcoin. but until now bitcoin has been running for more than a decade. this is a fact

Yes, I think Governments are afraid to visit the cryptocurrency itself, and that it's decentralized. Gives out there they will be able to lose control over the movement of funds and the welfare of their citizens. And, of course, they're trying to stop it.

Of course governments fear bitcoin as its something they don't have any control over and it has the potential to disrupt their hodl over the money flow. Also with bitcoin having a decentralized network even if the governments ban it, it wont have much effect as bitcoin network will keep on running nevertheless.

I think it's true, the government is afraid of something that can not be regulated. Many countries try to fight bitcoin from this. But this is very stupid, progress can not be stopped. It is necessary to develop together with technology

Bitcoin itself has no value, just like banknotes are nothing more than a piece of paper and have no value. Just as the government grants the value of the legal currency, people trust the legal currency because they trust the government. The original value of Bitcoin comes from the trust of a bunch of science and technology houses that believe that Bitcoin's code-supported system can protect us. Wealth prevents governments from abusing their power to manipulate currency.
Nowadays, Bitcoin moves from the niche circle to the public, and more and more people recognize Bitcoin. The price of Bitcoin is also getting higher and higher, and the market value has reached the point where the government cannot ignore it. The bitcoin crisis has also come.

Because they are anonymous, they are not transparent when dealing. Therefore, the BTC is the most convenient source of funding for terrorist financing. They are the hiding place of money laundering criminals, so many governments fear the BTC development.

The government is worried about bitcoin, but I think only the governments of those countries that have not yet developed, are not well aware of bitcoin should worry. We see developed countries like Japan, the US is developing with bitcoin. Not only are their governments very supportive of bitcoin and their future will turn bitcoin into a major trading partner. I think developing countries should imitate the developed countries to develop together.

Bitcoin claims that “It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.” That lack of central authority is the primary reason governments are afraid of the cryptocurrency. To understand this fear, it is important to know a little bit about governments and conventional currencies. Fiat is a term used to describe the conventional currencies that are issued by governments. Fiat  currencies have value because governments say that they do. To an increasing number of people, that promise means nothing. After all, fiat currencies are not backed by any tangible assets. You can’t return the currency to the government in exchange for a bar of gold or silver, a can of beans, a pack of cigarettes, or any other items that might have value to you.
Another reason why government fear of Bitcoin because of issue of privacy and anonymity.

Yeah indeed governments fear bitcoin because it is out of their control. bitcoin doesn't depend on laws that goverments make or regulations that central bank do. It only depends on the demand and supply that's it is like the real definition of money just like gold.

Governments control bank system while bitcoin is decentralized in which theres no person or individual who control the system, as we compare to bank the prices always stable in just a lower rate but bitcoin we can't predict on its prices because of fluctuations and has a potential to range higher value so I think governments afraid because of potential that bitcoin has to surpass or overtake in near future.

Off course they fear from Bitcoin. they can regulate the Bitcoin and they don't know anything about it. the government want to know everything and if they lose a little power they always be against the Bitcoin.

The government is afraid of bitcoin because no one can control bitcoin. And the government does not want to take risks against it but there are also governments that dare to take those risks. Like a country that already allows bitcoin in the country. The government that is afraid of bitcoin is a characteristic feature of the government that will block bitcoin in the country. I'm sure of that.

Control over the currency has many impacts, including fiscal policy, business environment and crime control by the government. So for now maybe the new government is in the stage of studying cryptocurrency technology.

Well yes, I think so. It is because in Bitcoin, they do not have full power no matter how hard they try to exert their authority. They have always wanted to have power over its people but for some reason beyond they have ever imagined, that sense of control was taken over by technology. Hence, what they just settled to do is to tax the people who earn through it. But the thing is, the latter situation pains them more since they cannot totally ascertain who among its people are profiting in Bitcoin. They do not have any mechanism to know for themselves who are engaging in any businesses with Bitcoin. Thusly, we all can suppose the government thinks they are losing in terms of Bitcoin's power.

Some developing countries may require investors in the real sector. Perhaps their concerns of cryptocurrency will attract many investors turning to digital assets.

Well, government tends to fear things that out of their control, specially if the said individual or a group that hold such a power are prone to contradict  their entitlement. When the new technology called bitcoin pop up out no where, the government tries to impose their power by using regulation or even outright imposing a ban on it. While some succeeded, there's no way for them to stop the tremendous support from people all over the world which the cause of what bitcoin are now.

I think the government is not fear, but to build a new system economic digital like cryptocurrency is not simple act, they know about the risk, they know about the benefit, and about cryptocurrency is. they still thinks about the regulations to protects all the users of cryptocurrency and the economy of the state if some peoples use cryptocurrency for illegal actions and so why many states still consider it.

It shouldn't surprise anyone that governments don't like Bitcoin. It is because they won't be able to freeze money of their citizens, create new money to spend it on something that is (not) needed. Bitcoin gives us freedom of how we use our money and it looks like it won't die because it's decentralised. It is too late for governments to stop Bitcoin from spreading. They started to fight with it too late. Some governments are trying to take advantage of Bitcoin popularity and they apply small taxes for it so investors are very likely to invest in that countries.

We all know that they cannot tax bitcoin, and all governments use their tax system to make money and they have no control in bitcoin because of its decentralization. Some government might fear that their financial misused may happen to their citizens.

The government controls the conventional currency. They control their turnover, monitor who sends and receives, collect taxes from the activity. This control may be lost if using crypto currency.

Yes that is the only reason, what else!  Actually the decentralised nature of the bitcoin is what makes the governments think pretty much in this regard. The problem of acquiring control over such a vast system of crypto currency is not an easy task for the governments. So they better stay away from it, declaring it to be illegal or imposing the so called BAN on the crypto currencies. Also banks have an issue with the acceptance of the crypto assets. Their role in the financial system will tend to decline when the crypto assets will emerge into the scene.

Governments control fiat currencies. They use central banks to issue or destroy money out of thin air, using what is known as monetary policy to exert economic influence. They also dictate how fiat currencies can be transferred, enabling them to track currency movement, dictate who profits from that movement, collect taxes on it, and trace criminal activity. All of this control is lost when non-government bodies create their own currencies.

Control over currency has many downstream impacts, perhaps most notably to a nation’s fiscal policy, business environment, and efforts to control crime. While each of these topics is broad and deep enough to fill volumes, a brief overview is enough to provide insight into the general concept.

I think rather than forbid maybe the government should compromise, because when prohibited transactions will be transferred to a country that legalize bitcoin, and that may be a loss for the government.

the reason the government still has not received bitcoin. because they are afraid that their income and income for the state treasury will decrease. because it will be many of the people who will move and make transactions using existing systems in the world bitcoin .rather than using a system that has been prepared by the state of the Bank.

yes, I also think so. governments forbid cryptocurrency for that reason. if only the government started doing this (digital currency) maybe they are also very supportive of crypto.

One of the dreaded things is taxes, as we know that taxes are the main source of finance to finance a country. In addition, the rapidly changing price fluctuations have indeed made the government afraid of Bitcoin. They fear that there will be chaos if there is a drastic increase and decrease in Bitcoin prices. That's normal because many governments are still not ready and they are still trying to discuss the regulations that govern Bitcoin.

Of course, the changes will be financially felt by the holders of Crypto. And of course, this shows the progress. Continuing on government bans, it is only a matter of fear when people suffer total losses. But more than that less understood.

The purpose of any bitcoin service company may include helping those who do not get access to a conventional bank, so it is not surprising that conventional banks feel uncomfortable with the competition.

Why the current crypto currency market is worse than the Rothschild owned central banking system!
Why the need for bitcoin black?
The founding members of bitcoin own 95%+ of the entire crypto sphere! Founding members are disguised as Satoshi.
The new money system is doomed! The main need in the crypto space is a fair distibution with education to truly empower users, not to continue on the old path of money centralisation painted in a different picture based on tech.

From the start they owned the majority of  bitcoins and manipulated the price to accumulate more of a share in each project.
From this point any other project accepted bitcoin in ICO's and as accumulation through manipulation accumulated their holdings they invested a stake in the other altcoins.
Founding members get involved in a large stage and over time through manipulation accumulate more and more of a market share of the major projects.
Still at a small total market cap 400 Billion the manipulation continues with one goal to own more of a share of each crypto.
December 2017 masses were lured into crypto for the first time strategist to make them lose faith in the space and lose money. Many other rounds of luring will take place and accumulation of a greater % stake will take place into new upcoming projects.

It is the transitioning of the old money to the new money, owning more of a share in the new money than before. Making it seem fair, accidental and a betterment to humanity. When in fact its more slavery and concentration of wealth to the elite.

https://bitcointalk.org/index.php?topic=3124440.0 (https://bitcointalk.org/index.php?topic=3124440.0)

every country has own currency, they want to keep their currency exist. I think it is a reason why the government fears bitcoin. because bitcoin is digital currency market, it will be the future currency.

I think Bitcoin ban is not possible to do till there is internet connection all over the world and also this is peer to peer transactions which depends on the buyer and the seller and it involves no third party like banks and because of this reason government and  other organizations are against it because the taxes won't be paid by trader if there are regulations on bitcoin and other altcoins and in order to control the taxes and charges they are generating their own crypto coin with rules & regulations.

every country has own currency, they want to keep their currency exist. I think it is a reason why the government fears bitcoin. because bitcoin is digital currency market, it will be the future currency.

Yes for many reasons and for one it has the greatest potential to make fiat money futile and more with bitcoin they cant get a profit since they dont have control over it. The government are speculating that bitcoin could make the world econmy collapse because there is no government gains and if people shift to bitcoin currency this mean that their will be no tax thats going to build infrustractures. I think this is a lame reasoning.

Government are trying to fight cryptocurrency because they know that cryptocurrency is the pathway to financial freedom of a common man. cryptocurrency will make the government irrelevant since many people are loyal to government in order to receive payment.

in my opinion,bitcoin can change the world without need for governments. to a great extent the governments fears exit currency from the country. :)

I agree with you. government officials want to achieve an improvement using bitcoin is very helpful to the government itself, with bitcoin everything can be done quickly and speed is very helpful at all. the government is less deep into bitcoin, if only they do that they will definitely find positive things that will give their own benefits to them.

Yes for me they fears bitcoin because... It will lessen their function in the society...  They probably feared bitcoin because they saw that it could really change the world...  They are afraid for the instant changes...  They are not ready about it...  Because almost all pekple people will probably focus on investing, trading and everything about cryptocurrency....  It would be the worst situation face by the government because it will probably lessen the service created by people...  Their will be no teacher,  doctors and other professional jobs that will help the growth of economy and if it happens the tax paid by people will be lessen...  And probably the programs held by the governmet will lessen...  Their will be no new infrastructures and new invested technology if it happens... Imagine that's how bitcoin will gonna be change or life...  It is a butterfly effect...  Because of a very simple thing almost all will be change.. Their are a lots of posible changes if bitcoin or cryptocurrency reign our world that's why government fear it...  

I do not think the government is afraid of bitcoin, maybe there is a government concern about bitcoin freedom. The government is afraid if bitcoin is rampant, while no one is controlezing bitcoin growth. If everyone has an automated bitcoin of all rich people, this will have a negative or criminal impact. The rate of economic growth can not be controlled, so that fellow people do not need each other. So instead the government is afraid of bitcoin, but the government is afraid of the negative impact that bitcoin will cause.

the government is afraid of bitcoin because it can transactions through bitcoin,in the presence of transactions with bitcoin then most bank users switch to transactions with bitcoin, the government automatically afraid of losses of state banks.
The state is also afraid of the state input that continues to thin out with the depletion of bank customers and bitcoin also have no tax for the state.

Maybe the government is afraid of Bitcoin because it is a decentralized digital currency, and no one can control it. That means the government will lose control of people and money, and they do not want it. Borcoin has become a cryptocurrency accepted worldwide as a means of payment, it will reduce the intermediary system resulting in the loss of the rich by stealing money through bank people.

Maybe the other government fears bitcoin because our government fears it atbfurst too that the banks that the government controlled night collapse if the bitcoins comes by because we all know that the bitcoins are decentralized and ut just means that there are no taxes at all and the government do not want that because all those taxes are gonna be their salaries the government employees salaries the budgets for thing project is from the taxes so without taxes government will collapse

I think the problem with Bitcoin and other cryptocurrency is the lack of control mechanism. With the possibility to control the Bitcoin government will also have the possibility to use it for their own purposes.
I will not mention that fear, they have nothing to think about. But what all governments want is to control everything, especially to something that can affect the economy.

Yes, government fears Bitcoin. Bitcoin is decentralized which completes the transactions without the involvement of third party. This endangers the existence of commercial banks and central banks. With the end of central banks the government will lose control over the financial sector of the country. This can also lead to tax evasions and using Bitcoin for illegal purposes.

Well the government does believe that if laymen go towards crypto and other investments fiat will be heavily affected in the long term. The economy develops through the circulation of money whereas btc is not exactly trading with fiat as a base. As long as blockchin is improved and supported by banks worldwide the govt will have no option but to allow crypto to run smoothly.

If government are interest about bitcoin government can fears with bitcoin because a investor of bitcoin hopeful about bitcoin that after 10 years people buy their daily necessary things by bitcoin and bitcoin will be the only one global currency 

Governments aren't fear Bitcoin but  Governments want to direct people's entire money and access all kinds of material information. It guides the economy in this way. People in the bitcoin system are anonymous and it is not known how much money.

indeed, the existence of bitcoin and cryptocurrency has disrupting the bank or other centralized system in the world.
some governments doesnt wan their existing system to be replaced by cryptocurrency. but i think it is only a matter of time
before crypto beat them.

On the one hand, worrying about the success of Bitcoin will affect the government's control over monetary policy, so it is hoped that it can control or limit its development. On the other hand, as long as the Internet exists, Bitcoin can hardly be banned if Bitcoin is the last in the world. With success, the current controls will put a huge price on their nationals.

because in my own opinion bitcoin might replace fiat paper currency in the future because most of the people nowadays use bitcoin  for their own convenience . like me i use bitcoin for paying bills and other expenses  i can also go online shopping using bitcoin . and next probably the economy nowadays are dropping because people who use fiat currency are reducing which affects the economy of the country that is why some country banned bitcoin .

Yes indeed some government fears at bitcoin, each and every countries has their own reasons why they have a fear of bitcoin. But base on what I had read in different kinds of articles the most popular thing why government have fear in bitcoin is that this can be used in illegal trades or transactions which no government wants to have in their jurisdictions. This is also the leading cause or reason of some countries on putting in ban bitcoin in their land. For me this must not be blamed with bitcoin because they are just doing their job to serve people. What must be apprehended here is those people who are using or doing illegal trade or transactions.   

The government has a responsibility to control the country's economic system. Bitcoin contradicts that interest

Government fears bitcoin because this new technology is very hard to control. Officials like to take care of everything they can but they can`t for now control e-currencies the way they do with money and gold, silver etc. They try to point out that virtual currencies are used for crimes like drug dealing, human trafficking, child abuses, money laundering but if so then they forgot the fact that criminals still use ral money for commiting this and other crimes!

I adhere to the same opinion. At first the authorities tried to fight, but their struggle was unsuccessful and now they are trying to control.

I think the government is actually scared bitcoin. Because, like all other countries, my country is not developed and people are unaware. In our country, this bitcoin works in the ordinary people are benifited very financially. And I do it, but the country's government says it is an illegal transaction and a means to steal money. In this way, the government is afraid of bitcoin and it is a threat to us who are doing this bitcoin.

I agree with this . Government fears with the regulation of bitcoin. They cant collect taxes on it and theyre also afraid that people will not use banks anymore. As we all know that bitcoin is a peer to peer transactions that didnt need third parties like banks in able to transfer funds or assets. If this happens, they will think bitcoin is an enemy to the progress of any country. Atleast they didnt have the control in bitcoin and didnt have to do with it .

Government still has fear on what they cannot control thats why they want to control the use of bitcoin.It could be one big advantage financially and can improve revenue for the country.

Governments and government banks against bitcoin. The reason for this is competition.
With Crypto money, we can transfer money whenever we want. It's cheap and fast. Money transfers from banks are more expensive. That's why it meets the crypto market.

Bitcoin gives people freedom from the financial system, and the government does not want to lose control over the flow of money. We need to find some kind of consensus.

Government fears Bitcoin for the following reasons: First, it is important to note that the government or central bank of a country can use banks to regulate its money supply and circulation of fiat. And they can't do it with btc

Bitcoin is decentralized and it important to enhance the world in investment and attractive people. Govt. fears with BTC because Govt. have no control over it, Govt. can not take benefit from BTC.

Cryptocurrency has not been banned by most governments because they see the potential of the technology behind it. They want people to develop it further and are closely monitoring all activities very carefully. When the technology has been refined enough and all it's practical uses have been thoroughly explored, then they will step in with massive regulations to take over and use it to control the masses. That is my opinion and from history, I don't think am far off

The government is currently very concerned about bitcoin, as the need to find a new way to hedge its wealth is mounting, as governments are increasingly fiercely opposed to traditional banks, by law. Anti-money laundering, forcing the bank to provide sufficient customer information, the use of electronic money to hide foreign assets are rapidly evolving, Encryption makes it very difficult to find traces.

Government does indeed fear the growth of the bitcoin but not all of them are not in favor to it. Bitcoin is a digital money. It attracts people to use, buy, and own it. Bitcoin have a huge potential to success and when that happen many people will start to invest and have transaction in here. After that, bitcoin will be uncontrolable and that is what the government feared. Government is afraid of bitcoin because they won't have a control to it and also maybe they won't gain something.

some government ban bitcoin because the reason is want to regulate bitcoin and get put an revenue tax collection second reason have many bad news for bitcoin as decentralized currency, EXAMPLE are follows use of terrorist, use for criminality, use of drugs syndicate  and many other's reason but didn't thinking the good side bitcoin how to help to the people accepting virtual currency.

actually you have an point of view as decentralized currency government didn't know how to control and regulate bitcoin because is using new technology so government need to ban for a meanwhile because officials want to make sure how help to the community bitcoin accept in their country,
definitely after learning and knows how much bitcoin importance surely become legit currency and the fears is out.

For me I don't think fear is the right term for some governments reaction to Bitcoin and all the changes it brings to everyone. I think it is more on threaten because it has a big negative impact on their businesses plus the fact that they cannot control it they way they are doing it on the current system so what they do it that they want to end Bitcoin as soon as possible to prevent further damage to them and their own agendas. They make Bitcoin look bad so it is better to convince people to avoid it and easier for them to create some laws that will help them somewhat regulate it and get something out of it like taxes. I just hope that they can see the good things that it can bring to the majority of people and not just the few people who are on power.

Yes with the circulation of the coin increasingly rapidly inevitably makes the government more worried because it can threaten the existence of the original currency in the future.However,the resulting impact of the existence of bitcoin can provide an opportunity for anyone to try to invest and make a profit.

you know,today bitcoin plays an active roles in the world in recent years,governments are afraid of banks being empty and the wallet of the people comes out of control.

Yeah, i think government is still afraid of not just bitcoin but the whole thing and system where cryptocurrency works. Government declared an national asset which is your currency as a citizen of a country which is under a decentralized system wherein they can manipulate and control unlike the bitcoin's decentralized system, government can't held a hand on it.

I think that's just another country here because it's bitcoin bitcoin that bitcoin is saying but that's the way my other bitcoin users here in our country are legit bitcoin because bitcoin does not scam the scam is man not the bitcoin

Because of the peer to peer and decentralized nature of bitcoin, government are not able to monitor and control the transactions happening. Because of this, government will not be able to impose taxes

As bitcoin supports the community financially stable , in the contrary government would like to ban bitcoin. In the fears that bitcoin uses  for illegal activities likely in buying drugs and in supporting terrorism. That is why they are pushing through the legality of bitcoin. Initial move to it is to know your client , presenting ids just to be sure that user is not involved  to any illegal activities which against the government.

They afraid Bitcoin some reasons are bitcoin probably will change the mode of payment in the world if ever bitcoin will accept as the world new currency. An easier way to send money across borders. Because Bitcoin isn’t run by a central bank, it can cross international boundaries much more easily and quickly.

The government is the greatest enemy of the bitcoin. The government have a big responsibility to be steady the fiat money or a currency of the  our country. They know can bitcoin replace the currency of the country so they do anything to remove or scared the people about the bitcoin.

Some are afraid from these changes, the ones who fear the most are the ones who have the most benefits from current system. We all know that more people in this world lives in poverty then in welfare, its normal that this minority of rich people are very laud now when bitcoin is growing, they are talking all the time how cryptocurrencies are scam, but they don`t give any arguments or proofs, they just say it and they expect once again people to believe them. I think we have been scammed many times by governments promises for better life, where we all going to be equal. What we have is that rich people are more richer, there are more poor people then ever, wars on all continents, I don`t need more proofs that this current system is wrong, and we need something like blockchain is, only that can help small guy to grow up.

The administrative management on the global will be afraid to be become the new tax lines. However but the last node has been slowward, by that is already happen. Of the business to be most allowed to take sure to the security does not return to the following account. Nỗi lo ngại up after the campaign for the maximum lines of the nature lines are done on the range of the maximum gain.

I think yes, because some government are not yet well develop in terms of techonology which is leds them not capable to accept bitcoin. .
Through this they are afraid to deal with bitcoin because of the threats like loss that may occur so they think briefly so provide a win result.

 it might be the fear of losing the dominance over the financial grounds across the world that is turning governments hesitant over the constitution of Cryptocurrencies.

They might because they know what can happen if bitcoin is going dominate the market,as long sa theres no regulations from the government you should be enjoying yourself with the cryotocurrencies because it is going to be more massive in the future and you could have millions of dollars with bitcoin if you know what you are doing.

The government is afraid of bitcoin? why? maybe the government is afraid of currency competition or anything else that will happen.

Yes! Any government should fear bitcoin, if not for anything,atleast for its decentralized system, but I know for sure that they will one day embrace bitcoin and blockchain technology.

Very well, so they didnt support this much cause the nature of this currency is much different in what a government is like centralization and decentralization, Bitcoin is decentralized, in which government doesnt have tge right to out any amount of tax in this, and if this currency widen its own capability it will be a threat to government, that the annual amount of tax that they have gathered will never be the same if most of the people used Bitcoin.

I do agree with you to some extent because now if we take look to the banks activates then they are getting lessen day by day, now people really know about bitcoin highly increasing price and they knows how safe it is to put money in bitcoin, so same as you said our government are afraid of losing the profit and the monthly tax they get from their currency and banking system so they don’t want bitcoin to be the way it is getting now, infect they are getting jealous of bitcoin increasing demand and popularity.