Why Government does not like crypto?

[Omtamvan]

Crypto is too dangerous. It's the reason many countries do not want to receive crypto to be free in their country. transactions such as for smuggling of weapons could occur through a crypto and certainly, it is that many States avoid. but certainly, there are policies that slowly it began to soften and thus provide good support for crypto.

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[AvadaJigurda]

Perhaps governments do not see the potential of cryptocurrency or are afraid of its impact on society. I also think one of the reasons is the inability to track the cryptocurrency and receive taxes from it.

[Hanna_Money]

It is possible that in the future cryptocurrency will be able to change the existing and political and economic structure on our planet. Therefore, governments are afraid of this and do not want to allow it.

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[CaptainKid]

Cryptocurrency is the most popular terms nowadays. People like cryptocurrency so much. Many people are involving in the crypto world. Everyone wants to earn money from cryptocurrency. While people are liking cryptocurrency, Government does not like it at all. In some countries, the government banned the cryptocurrency. What is the reason behind this banned?

There is no need to generalize, not all countries react negatively and belong to crypto-currencies, there are also those that have accepted Bitcoin as a means of payment and actively use cryptocurrency-related technologies. It takes time for more and more countries to be positive about crypto-currencies.

[passeroutpass]

Public authorities will not be able to take full control of the cryptocurrency market, so in order to avoid the harmful influence of cryptocurrencies on the country's economy, they either prohibit it or at the legislative level set the conditions for the activities of cryptocurrencies in their territories.

[LiteNight]

Here are the statistics - https://bitcointalk.org/index.php?topic=4687372.0 These are scam projects.

Statistics by month:
   June - 21.
   July - 37.
   August - 51.
   September - 63.

You can make your own conclusions ...

[Volk-05]

States do not like cryptocurrency because it breaks the already established stereotypes about money!

[defyance]

Governments do not like crypto currencies because the government cannot control them. But as we know any government wants to control absolutely everything, especially in the financial sphere.

[darkr]

Because the government can not take tax from cryptocurrency. All banks take interest on loans or deposits, but they can not control the cryptocurrency, so they try any methods to prohibit or make people lose interest in the cryptocurrency.

[thefoex]

in my opinion because crypto can't be controlled. crypto has the advantage of decentralization. it is natural that the government is afraid that if crypto is legalized it can cause a problem. one of them might be inflation, or even tax evasion and others.

[heppot]

if a country does not like crypto is because it loses more than its benefits.
more disadvantaged by the circulation of crypto transactions in that country.

[waterproof]

Some countries do not want to lose control on their citizens, so they come up with how to ban it, it’s not profitable for people to earn and not pay taxes.

[spaso_87]

Although crypto has made great fortunes could produce or but there is also the risk behind it. the Government certainly does not want any of their communities would lose money because crypto is a pretty volatile and this is the problem that many countries are still the main reluctant to want to receive crypto. more than that the smuggling of funds for the purchase of weapons or even illicit drugs also could certainly be passed through a crypto and this is certainly a pretty feared by many Governments.

[Fishmaster23]

Cryptocurrency is the most popular terms nowadays. People like cryptocurrency so much. Many people are involving in the crypto world. Everyone wants to earn money from cryptocurrency. While people are liking cryptocurrency, Government does not like it at all. In some countries, the government banned the cryptocurrency. What is the reason behind this banned?

It will destroy everything that was created and undermine the economy. It will cause inflation, which government needs it, when everything is more or less stable. Yes, and still need to think about how to destroy volatility, that is, to make them centralized.

[Gandam23]

Cryptocurrency is the most popular terms nowadays. People like cryptocurrency so much. Many people are involving in the crypto world. Everyone wants to earn money from cryptocurrency. While people are liking cryptocurrency, Government does not like it at all. In some countries, the government banned the cryptocurrency. What is the reason behind this banned?

Maybe because they think that bitcoin is a scam so they dont recognize it. They must know the good features of it. Virtual money is really a good way of transaction. Making many of our transaction so fast. There are countries that banning crypto in some many reasons because maybe they dont pay income taxes

[basici]

or lack of confidence in the cryptocurrency as a reliable financial system, or are they simply afraid that they will no longer be able to earn if they accept the cryptocurrency

[Xiaolongnu]

Because cryptocurrency is anonymous, the government can collect taxes. At this time government don't have solution to control cryptocurrency operations so, if you have power, you can't control something, like crypto, you ban it.

[lobo13hf]

Cryptocurrency is the most popular terms nowadays. People like cryptocurrency so much. Many people are involving in the crypto world. Everyone wants to earn money from cryptocurrency. While people are liking cryptocurrency, Government does not like it at all. In some countries, the government banned the cryptocurrency. What is the reason behind this banned?

Maybe because they think that bitcoin is a scam so they dont recognize it. They must know the good features of it. Virtual money is really a good way of transaction. Making many of our transaction so fast. There are countries that banning crypto in some many reasons because maybe they dont pay income taxes

There was no any regulation and this is the wild market and they are worrying if their investors are loosing their money on this market. The volatility of crypto has been telling us about that dude. in fact that so many times the government have been repeating its statement again and again. they need to regulate it before they can try to accept it.

[cryptotycoon33]

Cryptocurrency is the most popular terms nowadays. People like cryptocurrency so much. Many people are involving in the crypto world. Everyone wants to earn money from cryptocurrency. While people are liking cryptocurrency, Government does not like it at all. In some countries, the government banned the cryptocurrency. What is the reason behind this banned?

Many of the countries who banned cryptocurrency did so because of fear of losing control of their central financial economy, because according to them cryptocurrency has come to disrupt their payment ecosystem.