Why did the government want to kill Bitcoin?

[Bitcoinnumberone]

as we know, many governments in the world are banning bitcoins and here I have my own why the government want to kill Bitcoin, because I think Bitcoin can be used for terrorist financing, money laundering, illegal weapons purchases, crime and tax evasion. therefore the government forbids Bitcoin, because Bitcoin transactions are difficult to trace so it is only natural for me if the government is very worried about Bitcoin and many country banning (block) Bitcoin.
but this is just my opinion, so if I am wrong I apologize.

Thank You.

Not so bitcoin can help us in transferring money it's all about people what they do in bitcoin it's a matter choice. We have free whether we do good or bad they banning bitcoins because bank wants to earn money because bitcoin surpass banks and many people using bitcoin rather than investing in banks.

[Ramonranger]

I dont believe that government want to kill bitcoin, the term "kill" means to put an end/disappear. Yeah government want to ban BITCOIN due to lack of information on how to regulate/control this kind of cryptocurrency. But in the future BITCOIN will be accepted as one of the trusted digital currency that will help the government in running their economy..

[adjong]

for me not all governments might kill bitcoin in their country. Because of this, our country loves our bitcoin because it helps poor people. Maybe other governments in the world want to kill bitcoin because they do not know about this

[zubrr51]

I think that the government does not think Bitcoin killing, but thinks about regulation, so as not to miss possible incomes.

[devil before evil]

The government want to kill Bitcoin because Bitcoin is called digital currency o they can not control it. On the other hand bitcoin is illegal for Bangladesh

[zigfrider]

This can be because of different reasons but the main reason is that they think that crypto can make their currency weaker. Also, there can be legal issues.

[boksoon]

as we know, many governments in the world are banning bitcoins and here I have my own why the government want to kill Bitcoin, because I think Bitcoin can be used for terrorist financing, money laundering, illegal weapons purchases, crime and tax evasion. therefore the government forbids Bitcoin, because Bitcoin transactions are difficult to trace so it is only natural for me if the government is very worried about Bitcoin and many country banning (block) Bitcoin.
but this is just my opinion, so if I am wrong I apologize.

Thank You.

Many different ways to stop of any kinds of crimes and any other related violence like that, I think this is not the reason why government doesn't approved the good intention of bitcoin. the progressive Economy and continually growing up is the hindrance to recognized bitcoin I think they will not do embraced of bitcoin because they felt this is making confusing to people and to progressive economic stability.

[Fatanut]

The government want to kill Bitcoin because Bitcoin is called digital currency o they can not control it. On the other hand bitcoin is illegal for Bangladesh

Just because it's a digital currency, doesn't mean the government cannot control it. The balance in your credit card, debit card, or bank balance, they are all digital currency yet they are controlled by the government. Same as the funds that you have in your Paypal account. Your funds are held by a third-party company (Paypal) and at the end of the day, the government will still be able to control it. I think what you should have said is that bitcoin is a digital currency which is decentralized that's why they cannot control it. It has no central network and it is definitely owned by noone except the people that own the bitcoin (money) themselves.

[kolitski]

I think why the government want to kill bitcoin they want to control the bitcoin just like fiat currency, but bitcoin is the threat of the government because most of the business transaction will be made into bitcoin and the government they cannot get any taxes from bitcoin.

[qwirtiii]

this is my only thoughts or opinion about why government wsnts to ban bitcoin. Bitcoin is known as digital currency because of that government cannot be trace or track the transaction inside the system and can't control the money flow inside. Some of the transactions here are illegal like purchasing weapon, drug trafficking, extortion, fraud, scam, hackers, and money laundering. It will be a big threat to our country and citizens security. But I hope one day government will seee the brigther side of bitcoin and see how they can contribute in our global economy.

Your right and one more thing just only my opinion too.They are want to ban bitcoin not only because they can't trace the transaction on it or  to be the country secure but also they are not collecting the taxes that govenment need like on the bank they collecting taxes in every transaction we've made.We can't deny that most of the politicians want our taxes and corrupting it for they want or for they self to be more rich.That's why some other country doesn't have a progress in economy because of this attitude.

[BenRayfield]

as we know, many governments in the world are banning bitcoins and here I have my own why the government want to kill Bitcoin, because I think Bitcoin can be used for terrorist financing, money laundering, illegal weapons purchases, crime and tax evasion. therefore the government forbids Bitcoin, because Bitcoin transactions are difficult to trace so it is only natural for me if the government is very worried about Bitcoin and many country banning (block) Bitcoin.
but this is just my opinion, so if I am wrong I apologize.

Thank You.

You have voiced one of the possible reasons. It is undoubtedly very important.
But there is another reason. Cryptocurrencies are decentralized Finance. Accordingly,they are not monitored by the state. Accordingly, the state does not receive taxes.

[Sarastiche]

Government want to have a major influence in the regulations and control of cryptocurrency, hence the best  strategy is to create laws that will term Bitcoin as an Illegal currency in order to scare investors, but sure Bitcoin cannot be killed, I forsee a revolution in the space where governmen twill be force to embrace the technolgy base on it value to the economy and a major answer to the cashless policy advocacy

[Ayomiqueen]

They are many reasons why government believe Bitcoin is scam or illegal, some are terrorist, money laundering, drug dealing and tax evasion, government don't joke with tax and terrorist activities, which is very key area even drug dealing, just to lead a good citizen by preventing them from all those act, and Bitcoin anonymous can make those act possible with no trace of who and where the finance is coming from ,but if they can put in place some measure to curb those act will be fine but should not tag Bitcoin as scam will be a better option.

[robertcross07]

If cryptocurrencies especially bitcoin were as risky as those governments thinks, the currencies wouldn’t widely accepted. This is a revolution which comes with lots of good opportunities. Everyone should give it a try.

[ethereumhunter]

maybe the governments are afraid if bitcoin is only used for illegal things like money laundering which already they've seen in everywhere. they don't want to see bitcoin become like this but I don't think that the government wants to kill bitcoin because I am sure that the government can get the benefits from bitcoin like their people too. they just cannot control bitcoin/cryptocurrency like they control fiat or other digital money but they can kill bitcoin by close the internet connection which is in everywhere but I don't think that they want to do this because internet connection right now it grows too fast.

[Haryourmi]

Wherever there are wicked and selfish governmental policies, there will always want to kill Bitcoin in such government. Because they will want it for themselves alone and bitcoin is for all to get.

[Almirante3]

Whether due to fear, ignorance or protectionism, governments tend to legislate against perceived threats. The first prerogative of all governments is to govern, and any disruptive technology that erodes its power is susceptible to the offensive of the state.

[vantshol]

The government wants to kill Bitcoin because they cannot control it also they are not getting tax from Bitcoins that is why they want to kill Bitcoins.
Secondly, They cannot kill Bitcoin because it is not like fiat its digital currency and it is not controlled by anyone.

[ClaytonLWils]

Maybe those governments are right in some points. But still they shouldn’t ignore or kill a big opportunity like this. I think Sooner or later they are gonna feel guilty for it.

[nibbknot]

Maybe those governments are right in some points. But still they shouldn’t ignore or kill a big opportunity like this. I think Sooner or later they are gonna feel guilty for it.

Yes, just in some points but still they have no power to kill bitcoin because they have no access about it's server and they cant identify who Satoshi Nakamoto is. Governments who banned bitcoin in their countries are not good for bitcoin but society can bypass the law. They can access bitcoin sites through the use of Virtual Private Network and They will access the sites with different IP address.