Why did the government want to kill Bitcoin?

[EffectiveScorpio657]

First of all not all the government possessed this kind of mentality many of them welcome it but some want to do this because they don't have their control over it.

[Windmoney@1]

Seriously government don't have rest of mind not because of bitcoin but because of national currency.....in my view decentralized aspect  of bitcoin is their major treatining.bitcoin is beyond their power and believe me nothing can stop bitcoin

[SunriseSecret009]

Governments of any country don't want to kill bitcoin they just want to take the control of bitcoin in their hands and they don't allow this because they are unable to do that.

[doodle07]

Because of the fact that they would not get any tax from it and banks are fearful of the competition that bitcoin will shut them down. By using media,they manipulate to change the minds of people that are interested in cryptocurrency, they discourage them by broadcasting fake news about bitcoin and other cryptocurrencies.

[Roberttran]

right . What you say is the part where the government forbids bitcoin. Because bitcoin is decentralized, the government can not control it. They don't control, they will think bitcoin will harm them. Most banks are governed by government. If they accept bitcoin, they will accept bankruptcy.

[Legwist]

The Government wants to kill bitcoin or not making it as a legal currency. Due to the nature of the bitcoin can not be set up and transactions that cannot be traced. The Government considers this something that can harm the economy and can easily be used for illegal purposes.

[alexs_03]

I do not know why the government wanted to kill him, but I think it's silly to kill such a future coin, even now in some countries bitcoin already orders coffee, they buy cars and as for me it's very correct. Bitcoin is our future can be said

[btcdarkfanboi]

Because they cant trace any transaction and it easy to use for illegal activities. and they don't have control to it

[BitcoinGuru123]

I concur, however, the number of countries and governments that prohibit Bitcoin is just a few, the government is still able to track but is not absolute and depending on the laws of that country. any.

[Khalp1]

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.

Because Bitcoin is decentralized No one government can control bitcoin. even if they make them illegal, still user can sell or purchase bitcoin no one can stop them.

[tonyvo2017]

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.

Your opinion is base but it is not enough. Governments not only kill bitcoins for these reasons. Bitcoin can even remove banks from transactions and allow consumers to manage and decide on their own assets. That reduces the money in the bank and affects its investment project plan.

[BulbaLord]

Because government want to control bitcoin , that will never be happen because its hard to control and no one can control btc . Also They dont make corrupting . Haha .

[derekeaton]

Bitcoin can not be fully controlled and monitored, so many governments do not want to contact him and come up with all sorts of excuses on this.

[giantrobot]

Not the government wants to kill bitcoin, they want to legalize bitcoin but no way. They can not collect taxes when we trade will negatively impact the national economy.

[Falconmytyh123]

Hmm. That's true government want to kill bitcoin because the price is high. But some countries has support bitcoin. Maybe because bitcoin has own rules, that's why government want to kill bitcoin. But i think government isn't kill but only restrict bitcoin used.

[hot_ads]

The government thinks that the BTC has an impact on the national economy, and the price of BTC has fluctuated a lot. It has dropped by 70% since the highest price fell, and the decline of altcoin is even larger.

[Helex]

In india, Indian government also try to kill bitcoin because Indian government thik that the bitcoin is dangerous for country and terrorist are collect fund using bitcoin so they want to ban it.

[Ptrck]

In my standpoint, government are against bitcoin with a factor that people took advantage of it as they perform their selfish deeds with the use of bitcoin and that's totally unacceptable for the whole industry of cryptocurrency since we, the supporters of it, grip its name and protect it towards people's unreasonable critiques.

[noisybit]

as you know that in various countries it has banned bitcoin and the point is why the government wants to kill bitcoin because the government thinks that bitcoin is used as a tool for money laundering and the other as it causes state losses and also bitcoin transactions are very difficult to track so naturally only if in some countries the government prohibits and blocks bitcoin

[Shafiqul Islam]

Because governments fears bitcoin case they can't control bitcoin over the bank issue notes. Actually their bank systems can't bitcoin. Many activities, money laundering, online crime, smaglling occurring now via bitcoin.