Why Government does not like crypto?

[bce]

in my opinion the government does not like cryptocurrency perhaps by looking at the negative side and the bad impact of the development of money laundering, inflation and crime cryptocurrencies but if managed properly I think it can be positive and good in my opinion

[1714133401]

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[1714133401]

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[elliuut]

Governments will lose money due to cryptocurrencies. Since its a decentralized network the use of a 3rd party becomes useless which is typically from a government agency.

[elzjmirra]

Yes, the Government should grant permission for the use of the technology of Blockchain because this technology is very advanced and modern. Cryptocurrency is a very large industry and has many job opportunities are very positive. I see that the Government does not like Cryptocurrency because the Government feared when this technology gives a negative impact to the Government.

[robelneo]

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's obvious the government wants control they enacted laws to control anything within their territory, so they do now want something that will take their control and those that they cannot tax, they even prosecute those who do not conform to their laws that they created and we know Bitcoin is decentralized.

[Sevarchik]

Ususally cryptocurrencies untracable, and government dont know about money flow.
Of cource he dont love situation when she cant control citizens

[rosmerius]

For some governments, the circulation of crypto in their country will have an unfavorable impact on the existence of the country's virtual money. The demand for virtual money will decrease, it will cause a decline in bank and state revenues. Therefore, until now many governments still do not like crypto.

[thenameisjay]

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 probably banned bitcoins and other cryptocurrencies in the market due to the fact that it destabilizes the whole economic system of the country. We can't really justify as to why they banned this because this is within reason. They just want to stabilize the whole economic market.

[Yadaloke]

in my opinion the government does not like cryptocurrency perhaps by looking at the negative side and the bad impact of the development of money laundering, inflation and crime cryptocurrencies but if managed properly I think it can be positive and good in my opinion

agree with you, maybe that happens so the government doesn't like it, and in my opinion the government is still analyzing systems and performance in digital currency. the government is still wary of Bitcoin and other Altcoins because of the negative side or maybe about fraud. they cannot be used as sales and purchase transactions, but if to make investment possible good and permissible, in my opinion if there is a lot of positive news about it there will certainly be good things from the government.

[Argoo]

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?

Many governments really dislike cryptocurrency for several reasons. First of all, it is almost impossible to control the movement of funds in the cryptocurrency. This is not the currency of a particular country, which is created by a certain state and the same state is supported in price. Cryptocurrency is not supported by anyone in its value and, as a rule, is not provided with anything. Therefore, it will always have a very high price volatility. Due to high price spikes, many countries call the bitcoin bubble and this makes it difficult to legalize cryptocurrency.

[Winner]

I believe that governments prohibit cryptocurrency because they can not control it and governments do not like the anonymity of transfers

They do not like to have anyone not paying any taxes on the money that they get from exchanging Bitcoin to USD.

[fuer44]

according to what I read from several articles, most of the government did not like crypto investment assets because of their fluctuating value. why? isn't that profitable for investors or traders? yes, maybe. but here the government sees it from the crypto point of view as a transaction tool, and if the level of volatility is high, then the government might find it difficult to accept it.

[jemura]

Because its dangerous for dictators. But its not dangeros for true democratic governments...Will see

[Abuchi2]

I think government don't like cryptocurrency why because before you invest into cryptocurrency or do anything you need to understand it well and also a lot of scam are into crypto. Which makes government don't trust it.

[defoman]

The government does not benefit from the availability of cryptocurrencies, as it can not manage them, respectively, does not receive any profit from it. All these talks about caring for the population and attempts to protect it, of course, have a basis, but any state pursues its goals, and the cryptocurrency deprives the state of this benefit and transfers control of your funds to your hands.

[smileflowers]

encryption is absorbing more and more social wealth . encryption can be freely circulated globally . therefore, encryption enables the free flow of wealth throughout the world . the government has no control over encryption .

[mrpl2017]

I think that the main reason is only that cryptocurrencies are decentralized and cannot be controlled.

[Golftech]

encryption is absorbing more and more social wealth . encryption can be freely circulated globally . therefore, encryption enables the free flow of wealth throughout the world . the government has no control over encryption .

Control and Power, cryptocurrency can bring individuals full control of its money without any regulations, if that can be freely done it will weakend
the economy of such nations, as people who holds crypto can process anything without dealing with taxes and they can send directly between wallets
to wallets, it is a good help for fasten transactions but its needed some good regulations not to harm the government.

[Matcuda]

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 very first reasons is that the government cannot control financial flows in cryptocurrency and use it as a manipulator over people, as Fiat is used in our lives. When using these innovations, removed the layer of intermediaries, and therefore corruption, which is very important.

[rhomzkie26]

For the Government that this could give Cryptocurrency a negative impact. I take for example in my country that the Government is afraid of if Cryptocurrency was used for evil. The Government was afraid Cryptocurrency used for money laundering and terrorist funding.

Cryptocurrency according to the government was used for evil? How about the Fiat currency, isn't it can also be use for evil purposes or illegal activities. If that is true why other government country like in Japan decided to regulate bitcoin as their secondary payment to their territory, even in other country too. Meaning. it shows that if there is other government hate it, it is just simply because they won't get any benefits on it due to centralize vs. decentralization. 

[darkr]

For the Government that this could give Cryptocurrency a negative impact. I take for example in my country that the Government is afraid of if Cryptocurrency was used for evil. The Government was afraid Cryptocurrency used for money laundering and terrorist funding.

Cryptocurrency according to the government was used for evil? How about the Fiat currency, isn't it can also be use for evil purposes or illegal activities. If that is true why other government country like in Japan decided to regulate bitcoin as their secondary payment to their territory, even in other country too. Meaning. it shows that if there is other government hate it, it is just simply because they won't get any benefits on it due to centralize vs. decentralization. 

The government does not receive taxes from cryptocurrency. This is an unusual type of economy for the government and I think they are not ready for such breakthroughs yet. The reason is that there are grandfathers in the government and they cannot think modernly.