Why Government does not like crypto?

[ansarose1]

In my own perception, it is not that bad the cryptocurrency to the government, however we can see a possibility that it can be use by the wrong people for bad transaction, or by the drug syndicate as payment method or also it can be use as money laundering. That is why it is disliked by the government.

[novaprime]

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...

I do not think so . World governments are concerned about this market as it is where large financial institutions routinely launder money and cause turmoil in their countries. Almost all transactions are anonymized so the control is impossible so the ban on Cryptocurrency is always their top priority.

[kicauklaten]

many Governments feel restless if crypto is used for transactions such as dark for the transaction in weapons of war. many are quite spare it and this is certainly a threat. the Government may also see the value of a very volatile so that Crypto certainly assess will be quite risky if the society they enter in this field because it will certainly harm if stuck in it.

[daviidalpert]

Because cryptocurrency is hardly controlled by the government.It will affect the current financial system,thus affecting the governance of the country.The government is very worried about this.

[dimonarka]

To the government it is unprofitable. They are used to getting taxes and interest for everything. But I think in the future many countries will adopt a crypto currency

[doge_shit666]

In my opinion, the government can not manage and tax the Crypto market. This makes the government do not like the Crypto market. In the future, when the government manages this market well, it will support and promote this market as a means to promote the development of the country.

[tranquangvinh]

Cryptocurrency is the decentralized platform, governments and banks can not control it, I think this is the main reason why governments do not like crypto .

[BartS]

Everyone does not like competitors. With the introduction of crypto currency, governments will lose much of their power. And it's not bad, they adjust too much now.

This is the right way to see it, the appearance of cryptocurrencies has created competition where before there was none, governments had a complete monopoly of money and they were very happy with the way things were because this allowed to them to have an incredible amount of power that they did not deserve, and now they are realizing that they will have to compete for the first time in a very long time and they are realizing that this is a battle that they cannot win.

[daenarys_stormborn]

in my opinion because crypto is very detrimental to the government, just imagine if everyone keeps money in the form of crypto and not in the bank, then everyone will avoid taxes, then the state income will be reduced drastically

[ramsankadirov1345]

The governments do not like cryptocurrency because it hides from them the considerable sums of citizens who do not pay taxes. But to also many officials it is good as they can hide the means or tell that they bought cryptocurrency and were enriched.

[Desmozgenes]

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?

Its not that they dont like it,they have issues when they cant control it,and once they manage to do that,you can expect many crypto based projects.But in general i dont think goverments are againts blockchain tchnology as general,they only dont like this speculative part ,all these ICOs.

[Bezobraznike]

Cryptocurrency is the decentralized platform, governments and banks can not control it, I think this is the main reason why governments do not like crypto .

   I agree with you that main reason decentralization, governments are trying to regulate crypto-currencies
in their own way. Some of them are able to do it, but with enough knowledge about technology and equipment
for that.
   I believe that not all the governments dislike crypto-currencies. Just some of them are against it, and most of
them are third-world countries. We can`t expect from all the world to have basic knowledge and equipment for
new technologies such is Blockchain. We must give them time for developing, one day they will be able to adopt
this technology.

[rababo]

I just think realistically maybe not all governments don't like crypto, they just want to obey the rules in their respective countries
even cash that we now use is much more history than cryptocurrency I don't look bad at the government, maybe this takes time.

[Negdan4ik]

Yes, everything is very simple, because they can not control cryptography and it is not profitable for them, in some countries they can not even take the tax from us.

[-Newera-]

The countries do not like cryptos because they can not be controlled and since most of the cryptos are external they can not be regulated either. This is a thorn in the side of many countries. In addition, Bitcoin and Co. has a bad reputation for illegal activities.

[akram143]

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?

Its not that they dont like it,they have issues when they cant control it,and once they manage to do that,you can expect many crypto based projects.But in general i dont think goverments are againts blockchain tchnology as general,they only dont like this speculative part ,all these ICOs.

I think it is not the problem with the government they are ready to accept Bitcoin but some of the economic changes will definitely happen to accepting the Bitcoin that's why they are willing to accept Bitcoin it is very important to accept or decline cryptocurrency by the government either it is positive or negative they are the only reason for that.

[devinks]

the government does not like crypto because there is no control, risk and will damage its national currency. of course if the government is able to control it surely the country will experience progress. but the government prefers its own national currency because it is real, safer and has always been a payment instrument every day in the community.

[silver23]

I think why government is doesn't like cryptocurrency because they think if cryptocurrency will make them real currency will get a loss.
I don't really know the truth but i just think like that.
They all so worry about a real currency like USD, IDR, EURO and other real currency.

[Ucoz]

It seems to me that the main thing is that we love a crypto, if you live in a democratic society, then you can vote and choose a government that will do what you want, and that will like cryptocurrencies, this does not apply for example to countries such as Russia, where the government tells people what to do and what they should like.

[Saimabutterfly]

I think why government is doesn't like cryptocurrency because they think if cryptocurrency will make them real currency will get a loss.
I don't really know the truth but i just think like that.
They all so worry about a real currency like USD, IDR, EURO and other real currency.

Yes thats the main issue, governments having negative thinking about the crypto.