Why Government does not like crypto?

[sanacaks]

Governments will never like decentralized system because it will be harder to manipulate. They ought to have a centralized system of everything where they can control anything they want. In addition to all  its not easy to accept any unregulated system because of security issues.

[happyme1818]

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 is because cryptocurrency is not a government friendly currency. They don't like it because they cannot control it. Cryptocurrency cannot be tampered or record unlike fiat money where they can print as many as they need. The government needs to be efficient in their spending if cryptocurrency will become the main currency in the world. It is also hard for them to make a shady transaction if this new currency will be implemented.

[tangbori]

I do not agree with you that government doesn't like crypto, government actually like crypto but the only problem is that they want to control everything about crypto. For example the chinese government is having issue with crypto because they want total control over it. Its not as if they don't like crypto, the fact remains they love it but they want total control and the entire crypto community does not want any government to control crypto.

[LiteNight]

why do not you like it? Are you sure that they do not buy crypto currency? They can not do it publicly. Money loves silence. Do not forget. Not so simple as cowards. 

[youdacapt]

Of course every country has its own rules and there are some governments that are still reviewing what Crypto is so that it has not been legalized in that country, which I know if a country has not legalized Crypto's existence in his country, there may be no understanding or fear of Crypto so it can be used for Other crimes because Crypto is well known because there are hackers who use it so that it seems negative.

[Italy_Foot]

The government has the right to withdraw material money, can stop the emission process, prohibit equipment for issue, since it does not even belong to every one hundredth person. But it is almost impossible to withdraw the crypto currency in a violent way, and to stop their issue, roughly speaking, it is necessary to take computers from all people.

[bestcripta]

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?

First of all, I want to note the fact that the government does not accept crypto currency for one simple reason. This is transparency, hence the absence of corruption. Secondly, these are certainly dark deals committed by people who live in a criminal world.

[usawa0]

The government wants to hold a monopoly in all areas. It is logical that they are against cryptocurrency.

[Micerker]

No ai like the following which they are not allowed to check and Crypto for the main because they can't test it. Crypto day as development and the feed on the date as an overlay policy will be it was the following could not be able to be it because they want to destroy it.

[3lyntmy]

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 cryptocurrency can mess the whole economic in a country, this is what i think

[austinsku]

Not all Governments don't like crypto. Most of them are afraid that their system with usual money and other projects start to bring money because people found more interesting way to keep and earn money!

[sherenikaw]

I don't think that people in the government really don't like the cryptocurrency. probably it is only about the rule and regulation in the country. Crypto is considered having some negative impact to the government or the country. It is about the stability of the finance of this society in that country. Crypto is very fluctuating. hence, the government will not take that high responsibility to the volatile finance. The crypto is also probably used as the money laundry system and this is not fair. But, I think if we can take the positive advantages, we will love crypto so much.

[BTMgoMoon]

Because the government is unable to supervise it, it is impossible to pay a tax policy to the trader. I think it takes time. Future regulated coins will coexist with unregulated coins.

[jumeiling]

The reason is simple because the government has not made a profit from it.

[Desscount]

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 not sure that every government does not like crypto, but there are many factors that make the government ban crypto circulating in his country. one of the factors is that the banking authority has its own interests because it can make fraud or bubbles like what happened to China. however each country will start with its own crypto when the time comes later.

[nebiki]

why do not you like it? Are you sure that they do not buy crypto currency? They can not do it publicly. Money loves silence. Do not forget. Not so simple as cowards. 

those who don't like crypto currency will regret later, because crypto is our chance to get big money anytime. so it's a loss if you don't like crypto currencies

[BabylonTreker]

Not all governments are against Crypto. But people just seem to focus on the U.S. and China and forget there is a whole lot more to this marble we're living on then those two. Places like Dubie and Tukey. Turkey is even creating

[Vieni]

That lack of central authority is the primary reason governments are afraid of the cryptocurrency. and Governments control fiat currencies. They also dictate how fiat currencies can be transferred, enabling them to track currency movement, dictate who profits from that movement, collect taxes on it, and trace criminal activity.

[robertsu]

National currencies are needed to manage their own monetary policy, so many countries don't  accept any reserve currency for the main currency inside the country. Why lose the already flimsy monopoly, by legalizing crypto currency?

[D3m1r4wanti]

because the price fluctuations in crypto currencies are too high, too risky, and they cannot control the price of crypto currencies, and as one of the efforts to protect their people from losses...