Why Government does not like crypto?

[MegaPost]

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?

I am sure that the main reason for this situation is the lack of full central control. Therefore, governments are afraid of losing full control over the situation, tax transactions and get additional benefits.

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[Go jack1]

maybe they are afraid of digital crime and they cannot tax their transactions, but in developed countries crypto has begun to be regulated and they can guarantee their security

[joybella]

Crypto is giving everyone like everyone the opportunity to be financially free and government doesn't like that. Government wants her citizens to be partly or solely dependent on her for providence. Also crypto is anonymous tax can easily be averted and such will make government income low.

[bitcoinm3ster]

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?

Almost goverments ban because transactions that base on cryptocurrency and blockchain can not manage and they are afraid money laundering activities which involving the crytocurrency and they will lost a quite big tax

[rain3798]

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?

Yes, it is true that some governments does not like and banned the bitcoin and the only main reason that I know was because that cryptocurrency has no officer in charge, something like that, someone or group of people who will be responsible in the cryptocurreny. For example, what if there are people who lost a greater amount of money? no one will be resposible. Another one is that, it may affect the exchange and production of money in the country.

[iancortis]

i think government silently attached with this thing, and they want warn the majority to avoid crypto because of some investment scam they trying to protect people from fraudulent things on the internet.. and i think they starting to regulate exchanges and making rules to become secured.. but thats not our vision to become in the future i think.. 

[victory.lil]

Because the situation with cryptocurrencies today has very, very high requirements for incoming people, so I’ll probably still have vvidchto that the state will have serious requirements for cryptocurrency

[pearcy jackson]

Because if we use Crypto, the government will not benefit from it. then most of the state cash income is lost. and also the country wants to protect its citizens from Crypto, because Crypto besides endangering the country's economy, also Crypto prices which are very volatile, the government is afraid that many of its citizens will be stressed when they go bankrupt.

[Capt00]

Because the situation with cryptocurrencies today has very, very high requirements for incoming people, so I’ll probably still have vvidchto that the state will have serious requirements for cryptocurrency

Hey! I don't get what is your trying to say.

Government against those cryptocurrencies because there are so many reasons, one of that they think that these cryptocurrencies can't be regulated by them and probably may use in illegal activities such us buying guns and support for terrorism without knowing by the state.
Probably they also think that these crypto's will their big competitor near in the future, especially the banking system.
A lot of reason why governments really hate crypto bu6t not all countries like that there are some friendly on crypto.

[anobtc]

Because cryptocurrency can threaten the government's ability to manage and control the flow of government money, it is difficult to collect taxes, as well as uncontrollable black market transactions.

[Commander90]

The government doesn't like cryptocurrency because it interferes with it. In Russia, for example, the government needs prices to rise and wages to fall. And if people earn a lot, there will be an overabundance of money in the country. And this will lead to default

[phm]

because they don't get anything from Crypto, the government only needs money, without money they will refuse anything even if it's good for their country.

people in government  like money and I agree that crypto is not interesting for them - they can't touch taxes from it)

[Crim3]

Because despite its attractiveness, cryptocurrency has many drawbacks and the most important decentralization

[TpoJIb]

The state cannot control what is anonymous here, and it is easier to prohibit all this currency.

[LingoMaster]

Because all the politican are too stupid to understand the Crypto!

[omedian]

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?

Crypto is a really young and unstable market, that is just in the beginning of its establishment. Governments don't know how to adopt this technology, but I think in due time we will see that the monetary system will be shifted into blockchain.

[feehannah]

In my own opinion,every government should have a source of income through by the implementing a mandatory collecting taxes,that will be used for the needs for the improvements of one country for better people living. In connection with this,we all know that every government will be difficult to collect taxes in cryptocurrencies activities,many people can earn profits on this,but there's no taxes to be collected.

[Wong Gendheng]

because they don't get anything from Crypto, the government only needs money, without money they will refuse anything even if it's good for their country.

people in government  like money and I agree that crypto is not interesting for them - they can't touch taxes from it)

There are things that are greater than taxes, that is decentralization, when the use of crypto is increasingly massive, it will make the government powerless when problems occur, everyone will turn to crypto and this is dangerous for legal money.

[Correlll]

There are many reasons why. Crypto currencies allow payments without a third party, that makes banks and governments useless. Moreover it is hard to get taxes or fees from crypto, because they are decentralised. I hope, governments won't ban crypto.

[cryptofunn]

They do not like it because there is uncontrollable power and competition for the state’s monopoly