Why Government does not like crypto?

[Alpha_Q]

Now all our money is in the state. And the money that goes into the crypto currency they can not control. Then they go crazy and come up with the law.

[Johan David]

Governments Hate Bitcoin and Cash for the Same Reason: They Protect People’s Privacy.
Officials want to track every financial transaction you make, and they see cryptocurrencies and cash alike as barriers to achieving that goal.

[MrThang]

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?

Legally decentralized things are not allowed to use in this world so far that is how it drafitically mentioned but fact the people who have control money and controlling the world economy not allowing bitcoin to take charge.
If Bitcoin is allowed to use everywhere then the whole world will use everything free and easily.
None of the government and corporates want that. If this kind of mindset left then you can see.

What happens when governments get into cryptocurrency?
Governments have very different priorities, and decentralization — a main feature of most cryptocurrenices including bitcoin — doesn't tend to be one of them. In fact, government digital currencies could herald a new era of centralization, posing serious questions about privacy and the viability of true cryptocurrencies like bitcoin.

[bovesgiraffe]

they don't like it because it's anonymous and they can't track that well the movement of the money

[boboto]

probably the reason is that it is not regulated by the government itself

[Maximal-Ether]

I think this is because the crypto currency is not subject to the government. She lives her life and works the same way. of course everything in our world is regulated and controlled. You can prohibit anything. But for the time being we have what we have.

[picaszo]

because the government already has its own bank and crypton is not at all clear who the owner is, even the inventors of bitcoin are still not clear in origin. it is clear that the government might ban it because there is absolutely no regulation that regulates crypto

[paulscathedral]

They are too independent and very difficult to control - I think this is the main reason why governments do not like cryptocurrencies. In addition, some cryptocurrency coins are anonymous, which is also not a favourable condition for acceptance by the state. They put everyone in the same conditions, poor people can suddenly get rich, and the rich - go to the trash.

[clarise123]

Because government gathered money from the taxes that coming from local employees , when ordinary people discovers crypto they will choose to be a part of it than working on government .

[hardhouseinc]

In my opinion the number one reason for governments not liking crypto is because they can not trace it and also because crypto does not pay taxes to them.

[zedaq]

And why do you think that the state is against crypto-currency? It seems to me that some people from the state on the contrary are the creators of crypto-currencies and they very actively promote the crypto-currency world into the real world.

[EUM]

Because the state is power. Power is a centralized management. A crypto currency is, by its concept, a decentralized payment mechanism for goods and services. So it's all about the mismatch between the concepts of power and cryptology.

[iljamlnk]

The government likes to keep everything under control, and with cryptocurrency it is impossible.

[AdamRay]

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 think some governments can not manage money laundering and tax evasion. That is the main reason why the government wants to ban Crypto from its home country.

[DPrillio]

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 think some governments can not manage money laundering and tax evasion. That is the main reason why the government wants to ban Crypto from its home country.

Yes, that make sense as being a decentralised system crypto currency is untouchable that even government can't directly hold nor control it and that is probably the reason for considering crypto as prone for money laundering but its not so maybe they are only hesitant for they can't have any direct taxation for it.

[Vzae]

There are so many opinions about that out there, but one of the answers is because the government is afraid that bitcoin will disrupt stability and damage a country's financial system.

[handyhuman]

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?

To avoid uncontrolled currency which can lead to regression of other currency that supports the economy of their nation. the government will definetely try its best to stop it.

[Grim149x]

Our country is crypto friendly and also some other countries. Maybe the other countries that does not like or ban crypto are just overwhelmed and don't know much about it thus creating confusion or fear of what it can do. Their are always advantages and disadvantages but maybe they are seeing more disadvantages as of this moment.

[Labay]

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 they found any reason on how bitcoin works and how it will destroy the future of some governments creation and works.  I think they not willing to all people by using it because it is about the world and they don't want that the world has similar money and how about the economics?

There's different reason on every country and especially by the bank that causes of getting some money by investor and the bank can be gone when the crypto began to spread.

[wasaisi]

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 crypto currency cannot be controlled, so the government does not agree if the crypto currency is used in the country. Although some received it in several countries as well. The mindset of every government must be different, they want their country to advance.