Why Government does not like crypto?

[tterrorpipa]

At some sort, yes, because clearly, they cant get like any tax on it because it is decentralized. And not like the banks or any physical money remittance, they have negate tax that is beneficial to government, but with crypto, they cant get a tax to it because it is already decentralized.

[finbad]

Government officials have mixed ideas. Some government officials believe in crypto-money technology. Some government officials do not understand crypto-money technology. People who are against change will learn that it is impossible to control the economy.

[Garrixx]

perhaps because the government itself cannot launder money through a cryptocurrency? nt when have you thought about it?

[muddy waters]

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 all about control - governments don't like when financial operations are anonymous and untrackable.
Moreover, cryptocurrencies are frequently used for illegal operations like buying weapons and drugs and this gives the governments the additional headache.
On the whole, I support some governments' initiatives to introduce more control to crypto market (especially with respect to ICOs), because otherwise this market will remain as chaotic as it is now.

[Kersh768]

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 reasons why governments are avoiding making cryptos legal as a currency. The first reason might be concerned with the decentralization. Nex is the volatile market value of cryptos and lastly, cryptos are still young to make actions in favor into it. Governments are planning every actions in order for situations to be in favor of their people. Let's just hope that issues will be solved in the future regarding with cryptos.

[Scambusterz]

The answer to this question is simple. States do not like cryptocurrency because of their decentralization. That is the impossibility of controlling. As soon as issues with regulation are settled, I think and the attitude towards cryptocurrency will become more loyal.

[dele4]

Because the government in each country is not yet open to using crypto currency and there is also one country that believes that the crypto world will only make the perpetrator become a lazy person because he does not want to work conventionally like everyone else

[Dimas99]

not a problem not like crypto currencies maybe in this case the government is still thinking about the negative side of the results obtained with developments with crypto currencies if it can work together it will certainly make it better

[bellaayu]

Yes, in some countries, Cryptocurrency is strictly prohibited. Included in my country and there are several reasons why Cryptocurrency is prohibited. The government said that they did not give permission because it would have a negative impact on the country. Such as the occurrence of large amounts of money laundering and cryptocurrency used to fund terrorist networks.

[chairmanMao]

This is just the government's performance. The government is considering the people. The current cryptocurrency market is very immature and there are many frauds. In the future, some of them will issue their own coins. I think this is the trend.

[Anicasalar]

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?

Cryptocurrencies are not regulated, and this is not very good for everyone who sits in the government. It gives him damages. I think that when cryptocurrencies begin to legalize the situation will change for the better

[Lake20]

No government in the world will back an idea that they can control and this is the main reason why governments in most part of the world despise this industry. Government always like to be in control of everything.

[HodlChampion]

Fiat currencies are controlled by a central authority (governments and banking institutions), cryptocurrencies are beyond their control. The government will likely take many precautions to prevent the growth of cryptocurrencies or deploy enough regulation that the digital cash system works on their terms. This is why I think crypto companies that work with the current system will do best, e.g. Plutus is a cryptocurrency payment platform that lets you purchase with crypto at 40million stores worldwide because it utilizes the existing VISA infrastructure and partnered with Contis, a fintech bank.

[Khiceog]

That's not what the government needs. Cryptocurrencies are not regulated in any way and therefore do not help the state. That is, they take away workers and funds from the budget. I think after legalization everything will change

[danivan7]

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 county , government not like crypto, because in my county having many corruptor, so if crypto legal in my county.
it will difficult to tracking corruptor transaction.
and in other side, they said crypto is only buble.
so they are worries about crypto will effect for economic

[BigTasty]

The most obvious reason is that goverment can't control it. It is a good opportunity to earn for us, ordinary people, but government doesn't get profit as they get used to.

[kjn311]

Of course, no one needs currencies that are not regulated. It is for this reason that the state is categorically opposed. In addition to this, Nike use cryptocurrency the state is also not bring, and so the government prefers a negative

[contactmike1]

Easy! Crypto is decentralized and government wants to control everything!
That's a point!
I don't want government to control everything, that's why I switched to cryptocurrency

[Banebdjedet]

Bitcoin is becoming increasingly popular, making investors a viable alternative to gold. Like gold, Bitcoin prices are also very sensitive to political events.
Unrest at the White House made the super-rich lose $ 35 billion after only a few days on the floor. Shares are no longer attractive, investors turn to other channels are gold and Bitcoin to store assets. The government wants to control the crypto market from economic risks.

[Downloaded]

The government is interested in receiving the largest possible taxes. And all who are engaged in crypto-currencies do not pay taxes. So far, the government is obviously against it. But I think that in a couple of years everything can change