Why Government does not like crypto?

[el_lobo]

Not every government has anything against cryptocurrencies.
In europe, one is very open to the new technology of blockchain.

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[mikkev01]

Decentralised cryptocurrencies such as Bitcoin, which work using blockchain technology, allow users to trade directly with each other without the need for a middleman. In today’s modern day commerce a bank usually takes on the role of the middleman.
Generally speaking, banks charge fees for actions involving money, sometimes just for holding it. The reason they are able to do this is because banks have built up a level of trust that transactions will pass smoothly, with every little detail being recorded and accounted for correctly.

[Masatos]

It seems to me that this is due to the fact that the government does not wash anything from cryptocurrencies because no taxes are paid on it

[Inikoo]

Cryptocurrencies are out of the hand of governments. In most countries, it is absolutely unclear, how we should pay taxes after crypto investments, and also I guess it is very easy to avoid paying it. So I guess that's one reason.

[bestcoins1]

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.

that's right, so only countries that can't use blockchain technology from cryptocurrency so they make a ban, and the government is also worried because investors are more interested in crytocurrency that can get instant profits, so there is no demand for state businesses.

[kingsman03]

They don't like it because they can't control it. They don't like what they can't control so they fight it FACT. until there are regulations then maybe things will change

[Prolifik]

Governments do not like cryptocurrencies because they do not know how to regulate them, how to collect taxes from it, they do not understand how they work and how to use them. But it requires only time to teach them more about cryptocurrencies.

[farlack]

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?

Answer yourself the question, when your money goes nowhere, what will you do? and here with the States that impose bans on the buy / sale of cryptocurrency.

[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?

In my opinion they don't like crypto because it is not taxable amd they can't control on it on how many people can make an income because of crypto currency.

[Stella27]

Governments will never like decentralized framework since it will be harder to control. They should have a brought together arrangement of everything where they can control anything they need. Notwithstanding all it is difficult to acknowledge any unregulated framework as a result of security issues.

[apyong]

I think they are going to prohibited crypto in light of the fact that the vast majority of the legislature nowadays, dependably depends on the assessment for each exchange. Dislike cryptographic money, its element like an advanced settlements, it goes straightforwardly to its beneficiary without going first to government for earlier assessment. That is the thing that I think.

[buje micin]

because they don't get anything from Crypto, the government only needs money, without money they will refuse anything even if it's good for their country.

[e@symode]

Because now the state and many other market participants have begun to actively go through the verification process, although I don’t think that it was done legally and correctly, because it seems to me that now there are so many opportunities to go through KYC not legally

[nekonyun]

the reason the government not like cryptocurrency is because the government is afraid that the cryptocurrency will be exploited by criminals such as money laundering or the purchase of weapons tools by terrorists. this is what makes the government not like cryptocurrency

[WatchMaker]

The government doesn't like cryptocurrency because they're decentralized (independent currencies) that are fast, secure and acceptable worldwide. Government use institutional paper-based currency which is issued and controlled by the government.

[MAXE]

The state does not like cryptocurrency because they, at the time of the emergence of all the hype around this area, there were no professors who work in this field.

[paul gatt]

I think cryptanalysis will mess up the national currency system. It makes the economy weak. Inflation, money laundering and fraud are strong in the electronic money world. It makes the government fear. Many countries have no regulations on this type of money. So they do not like electronic money.

[nemesio]

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 sure that in fact reliable cryptocurrencies can be a very useful and profitable financial tool for various states and financial organizations. Of course, the state loses full control of transactions, taxes and other payments. But with the proper use of cryptocurrency, they can get a lot of advantages for their development.

[goku1525]

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 sure that in fact reliable cryptocurrencies can be a very useful and profitable financial tool for various states and financial organizations. Of course, the state loses full control of transactions, taxes and other payments. But with the proper use of cryptocurrency, they can get a lot of advantages for their development.

Yes, we can having advantage in crypto but governments law not accepted yet crypto because the only one they supported is bank or fiat money in where they can get shares.I believe if crypto will announce as a replacements I think people having a good finance and easily transacting payments.

[Alexeu00011]

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 is actually quite banal - the government simply does not have the ability to fully manage, control the ongoing transactions, impose taxes on the actions taken. But over time, the situation may change, governments will find ways to generate income and benefits from the use of cryptocurrency.