Why Government does not like crypto?

[jokowi]

I think that electronic money will cause many difficulties for the economy of the country. While the government has not yet taken measures to manage this electronic money. The national currency system will be affected. Banks face many difficulties when receiving this coding money. Countries like China, Russia, India ... do not accept electronic money. They do not want this currency to disturb the country's economy.

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[toygama]

For me it's a misinterpretation of any government in any country because if they cannot get taxes directly in cryptocurrency transactions, they can get taxes from those people who earned profits from crypto word cause that money are used to purchase anything goods which is subject for taxes.

[riskarcher]

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 does not like cryptocurrency as a matter of course because the current market has a massive impact on the economy, so the government continues to forbid cryptocurrency fearing it would affect cash as well as the economic. The government fears that if it allows the circulation of cryptos, it will affect the economy of the country.

yes, economic democracy from countries abroad that may be defeated by currencies that are likely to have an impact on the country's economy. the point is that every country does not want its government to be regulated by bitcoin or it could be called a commercial company

[braves182]

I think governments just don't like the fact that part of the money is floating past them, avoiding taxation. All this is very difficult, to create a legal framework for cryptocurrency, and while it is not, we will constantly face some new prohibitions.

[bitcoinrays]

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?

There are governments who don’t hate Bitcoin, just like in Russia, Sweden and other countries where don’t really see it as a threat. In my country, I don’t even know if our government hates Bitcoin or like it, cause I never see them say anything about and its not really recognized by the people, majority has no interest in it. Maybe due to lots of people don’t have interests that’s why the government seems to neglect it.

[Sevarchik]

The government cares about you.
They dont want. what you invest all your moneys in scam ico and will be bankrupt ))

[marcar]

Governments want to collect taxes. If crypto money investors do not pay taxes, governments try to prevent the crypto money trade. The banking system is willing to create a negative outlook for the crypto money market due to the huge gains they have achieved.

[Jansaa]

They have not found a suitable management solution for Bitcoin and altcoin! Need more time and development to reassure the benefits of digital money!

[tarable]

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 reason every country prohibits crypto is different only. some think that crypto has a negative impact, and some say that crypto is a loss to a country. but that too all of course is not the truth.

[vasilisc555]

They do not like the fact that ordinary people have got independent money. How is it so that the state does not take money from the common people? That can't be

[terible.hunter]

It seems to me that there are still such industries in the financial sector that people don’t want to show, because if people find out how and in what quantities money is managed, then many people simply cannot understand it correctly.

[AndRE177]

This is more on investment that's why some country ban this before like china because this is a way to risk money and then they don't have benefits here like they got nothing here in crypto,Moreover in the future the knowledge of crypto currency will turn popular because we need this in life like the transaction with low fees,then this is good to save money and good for investment even really risky

There is such wisdom - who controls the money, he controls the state.
Cryptocurrency is a rival to the money that is used in all states, which is why governments obstruct the spread of cryptocurrency.

[Cryptolord_ng]

Government hate crypto because its decentralized and the can't control it and government belief they have power over everything since they don't have power over crypto they have to hate it for that

[hohuan101]

We like cryptocurrency because they are easy to trade. And the bad side of it is that you can be hacked. Or criminals can trade through crypto without being caught. That's why the government does not like them, they are hard to control it

[Sirait]

not dislike, it's just that the government is afraid that cryptocurrencies are used for Money Laundering, Corruption, Terrorist Funding, Fraud, and Tax Evasion. I think the fear of the government is very natural because cryptocurrency systems are still not too well controlled. I hope they find a solution because cryptocurrencies are very good and will be the needs of the world community in the future.

[tanvir232]

Because Govt. will lose control over people if they use cryptocurrency. Govt. wants to rule and control the people and economy as like as they want. Also, if people use cryptocurrency, govt will not be able to collect the correct amount of taxes. BTW, in most of the countries, cryptocurrency is legal and people using it without a problem.

[DinaPalamarchuk]

The government does not like cryptocurrency because they can not control it. The fact is that the government doesn’t want what we earn here. Because they rage.

[Baimovic]

Government hate crypto because its decentralized and the can't control it and government belief they have power over everything since they don't have power over crypto they have to hate it for that

they can't set crypto completely because crypto is very transparent because it uses blockchain technology. and as far as I know the government also said that if crypto is very dangerous because it can be a source of funds for terrorists, therefore they do not like crypto. whether it is just an excuse or indeed a reality but over time I believe crypto will be accepted throughout the world.

[tepyh]

they cannot control it, and the fact that the government does not control it does not like it.

[jak3]

Well, the government does not like the idea that they cannot control the money which is being used by the people so they are making useless excuses. Like who is going to be responsible if someone steals your money or something else but we know if we are going to lose the money then it is full because we made the mistake and not because of anyone else we will be responsible for that loss. And the government is acting like a child and they don't want us to use this technology because they think this experiment is very harmful to our financial life maybe they're right and it is completely our decision right now that we want to take the risk or not because we know what will be the consequences.