Why Government does not like crypto?

[Karina 3340]

I think this is due to the fact that the cryptocurrency is not beneficial to the government. After all, it has its own rules and procedures. And the government likes to control all the processes that occur in the economy. I think so.

[BTCreward]

I think that governments do not like cryptocurrencies not only because they like to control everything, but also because cryptocurrencies can cause serious damage to the financial system of many countries.

[Sayma83]

If the government uses cryptocurrency, they will lose control over the people. The government wants to rule the country as well as the people and the economy, as it wants. Because, if people use cryptocurrency, then the government will not be able to recover the correct amount and people of the country will use cryptocurrency for illegal purposes. However, cryptocurrency is valid in most countries and people use it without any problems.

[jouns]

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?

Financiers do not need a cryptocurrency either as an investment asset or as a tool, so they order governments to ban it at the legislative level. This is only the beginning, that's when the capitalization of cryptocurrency starts to grow again, then we will see a real struggle and new prohibitions.

[dreico]

probably because it is not taxed in any way or any other actions on their part and for the most part everything is anonymous

[Litefoxx1698]

Government alwasy trying to controll everything that they see can be dangerous for the counrty and they think that crypto is trying to replace banks

[TastyChillySauce00]

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.

That kind of thing also happened to ordinary currency like what the authorities have created. A currency will always depend on the user itself, it just doesn't make sense to blame the currency because it's people that have mind to do something either good or bad. It's all optional.
In the other hand if we use the same logic, anything that have value could be banned because it can be used for criminality aswell. The government just need to make a regulation to prevent the criminality and it's solved. Not blaming the currency that have no brain.

[Osayo]

From what I think, the government don't totally hate crypto even if they don't fully support it. They are only trying to protect the masses of the country not to fall as victims of crypto scams which are quite common.

[rizkyhiw]

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 many factors that caused the government to strictly prohibit the circulation of coins in their country's crypto do, one of which they argued was that crypto could destroy the country's economy. I do not know in terms of what crypto can destroy their economy precisely my opinion that crypto can otherwise boost the economy of the poor.

[lelylely]

Because the government is difficult to control bitcoin, and the government thinks that bitcoin is a serious threat to the national currency so that the government imposes a ban on bitcoin in its country.

[globalking]

it only because they don't have the monopoly on it they can come up with some type of rules to make it work for everybody

[arjuna BTC]

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?

maybe the main reason is because the governments can't control and maniulated cryptocurrencies my friend
but, i believe in the future most of goverments in this world will accept cryptocurrencies  

[AK47-]

If I ask you to giveaway something you have control over, will you be ready? Take for example, making your thoughts transparent, will that be okay for you? Of course not. Same is with the government. They can't giveaway the control they have on the money, the financial system of the country. Righ now, they can print money whenever they want, they can cut the supply, they can do corruption. No one gets to know anything. Cryptocurrencies are exactly opposite. They are a decentralized, transparent and deflationary monetary system. Sounds good? Maybe to us, but not to the government.

[okour999]

because maybe they can not handle the crypto and because it does not have tax so other countries do not like the crypto so sometimes people abroad want overseas because their country ban the crypto one reason why not The government was crypto because it quickly fell, but the price was fast.

[JaoBadjap]

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?

one of the main reason is i think they cant control how it flows.
secondly they cant make sanctions and tax it.
and also they cant control it, and probably thats the thing that makes them scared.

[joshh83]

It's obvious - central banks control countries finances and this disrupts their power

[lordmick]

I think that governments against cryptocurrencies, especially governments of the countries with developed and strong monetary policy, because right now adopting of cryptocurrencies to their financial systems can cause damage to the economies of these countries, because of scams, frauds and instability cryptocurrencies. But IMHO in the future, when this sphere becomes more regulated, governments will approve using some strong, stable and developed cryptocurrencies. But it needs a little bit more time.

[cafee_orange]

the ban is caused by the fluctuating price of bitcoin, its price cannot be reached, and bitcoin can be an attack on the government economy, only smart countries are able to take advantage of bitcoin, which prohibits the presence of bitcoin, of course the country is not ready to accept Bitcoin.

[rezmo]

cryptocurrency is a decentralized so  government can not control the flow, there are some people are using crypto for their eligible moves because of that gov try to ban it , and another thing is because of lack of knowledge about cryptocurrency trading huge money will be lost and it affects the economy that why some gov take action against it, but its not the solution gov must look in to this tech for peoples futures

[cherlov]

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 ban is in less developed countries, where the crypt world is not under their control. Of course, states first of all want to earn money from the population’s income.