Why Government does not like crypto?

[pocketfullofpoke]

Every government has its own views about bitcoin and the blockchain. They have negative views about it like it will cause their economy to destabilize or will put their countries security in jeopardy.

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[fly99]

It is not that the government does not like cryptocurrency. The cryptocurrency is the trend. The government will not oppose it, but it may be officials who oppose it. The birth of the blockchain will eliminate corruption and they will lose the ability to corrupt.

[inanilujimi]

there are many reasons the government does not like crypto, one of which may be the government protects its citizens so that they do not suffer huge losses because there are no rules that can control crypto

[Barbatos]

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?

Main task of government is control over citizens. Crypto helps citizens to stay out of such control, so governments could not be good at it. As simple as that.

[Froy]

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?

And you do not say anything volatility, lack of control and a large number of scammers. Imagine how much effort is needed to adopt, and most importantly, implement this technology. And yet somehow not destroy the existing economic structure.

[RedzoneASE]

I think it is because of regulation issue. Governments always insure that they could gain for every action they will take considering the 1st world countries. Making sure that they could gain from the development of cryptocurrency.

[market-beta]

because they are afraid that people in their country will choose cryiptocurrency as their place of investment. than investing in the Bank or others. and use cryiptocurrency as a currency to buy and pay when transacting

[Lagduf]

because they are afraid that people in their country will choose cryiptocurrency as their place of investment. than investing in the Bank or others. and use cryiptocurrency as a currency to buy and pay when transacting

It's more of they are afraid people's money going out of their country however government in a developed country that has huge money or in other word rich quite fine with accepting cryptocurrency because they don't feel threatened by the existence of cryptocurrency

[arkawa040]

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?

Because the crypto currency will destroy the entire economy of the planet. Crypto currency is a way to make money only for ordinary people, but not for the government. Who wants to go to work for a factory or office, usually to earn money and give some of this money to the state in the form of taxes? If you can sit at home, in a comfortable for you conditions, sell and buy a crypto currency. And you do not have to share with anyone, even with the state!

But the Forex market has not destroyed the planet, and the cryptocurrency will not destroy, just the state does not yet know how to control the cryptocurrency for people to pay taxes, many States plan to introduce blockchain technology in the regulation of many structures, so it's just a matter of time.

[HauntOne]

In my opinion, many governments are quite conservative in their views on the fact that they should represent money.  However, it is already clear that many countries are not at all against such a currency.  Especially if it belongs to them, not Bitcoin

[skiorf]

Crypto growth in the world is still a lot against the government in many countries. This is because crypto is still known for its use in negative terms, such as the use of terrorists as a tool for their weapons transactions, as well as transactions carried out by traders or drug users. In addition, there are other concerns that the government is thinking about, one of which is the decreasing level of demand for virtual money, because many people are turning to cryptocurrency.

[ivanleon]

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?

Now I do not think that all governments are against cryptocurrency, many are developing or have already issued regulatory laws. In many countries, not stupid people sit in power, they understand that prohibitive methods do not change anything, so they act smarter and go to the meeting of the crypto industry.

[ecnalubma]

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?

Not all governments decline the use of cryptocurrency, the only thing that bothers them is decentralisation and rampant scam that’s happening in the space. So in order to cope with these problems they provided regulations to avoid launderers and scammers to benefit from the weakness of the system.

[royalfestus]

The trend is changing with the ban. Government are getting relaxed with their laws but are demanding a control in the space within their community. Some governments are seeing some infrastructural developments from crypto-projects with energy/power, health etc. in their localities. They now understand that it is beyond bitcoin, drugs,arms and fraud. Daily, people are seeing the relevance of blockchain with adoption into their idea, and this will increase. Some are devising a tax system to have a share in the wealth but no country may make it a legal entity for trade not even in the nearest future.

[filtyfrank251]

In my opinion, many governments are quite conservative in their views on the fact that they should represent money.  However, it is already clear that many countries are not at all against such a currency.  Especially if it belongs to them, not Bitcoin

Because the electronic money is quite risky and difficult to control, so I think the government does not want to interfere, firstly they are labor and costs, secondly electronic money fluctuates, and not stable. Their participation in non-profit purposes will have no other purpose

[[ProTrader]]

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?

The government ban it because they have no control over cryptocurrency. Other corrupt politicians don't like it either because if this will become legal, all their transaction can be trace and caught if they do corrupt practices.

[Adunni6758]

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 cryptocurrencyh does not like it at all. In some countries, the government banned the cryptocurrency. What is the reason behind this banned?

Each government in every of those jurisdictions where cryptocurrency has been banned have their reasons for the ban. Some have made it know that they are are trying to protect their citizens from scam activities, because it is beginning to become rampant. Then none of them will say this, but it is true that, because it is decentralized, they cannot control it and particularly because of tax evasion.

[Tahdayi]

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?

Well loved due to the fact that can't control her , and of course can not track where and what the money goes for this and doesn't like , but I think in the future there will be some coins which will be monitored by the States

[jayc89]

The trend is changing with the ban. Government are getting relaxed with their laws but are demanding a control in the space within their community. Some governments are seeing some infrastructural developments from crypto-projects with energy/power, health etc. in their localities. They now understand that it is beyond bitcoin, drugs,arms and fraud. Daily, people are seeing the relevance of blockchain with adoption into their idea, and this will increase. Some are devising a tax system to have a share in the wealth but no country may make it a legal entity for trade not even in the nearest future.

The Government might not like Bitcoin because they know how tough it would be for someone to make purchases on with crypto.

[cchub]

The government does not like crypto because crypto brings freedom from the governments! They don't wanna lose power!