Why Government does not like crypto?

[Tigra3458]

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?

All because the government can not yet regulate cryptocurrency and all activities associated with it. Trust will be when the regulators earn from the authorities.

[waitforme]

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?

All because the government can not yet regulate cryptocurrency and all activities associated with it. Trust will be when the regulators earn from the authorities.

More precisely, governments can not control Crypto, they will eliminate all that they can not manage. Crypto is growing, and there are too many individuals and groups of criminals to take advantage of incognito mode to conduct criminal transactions.

[firaituaku]

because crypto currencies can disrupt a country's economic system, especially disrupting the system at its central bank. if someone can get money easily through crypto, then after a while no one wants to work hard.

[Miminaha]

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?

not all governments do not like cryptocurrency and i think tht there are a lot of new ones tjat will be accepted with warm heart

[Miminaha]

because crypto currencies can disrupt a country's economic system, especially disrupting the system at its central bank. if someone can get money easily through crypto, then after a while no one wants to work hard.

cruprocurrency may influence the bank systemij the futute very hardso i am not sure but maybe that is the reason

[jhache]

Because it takes away their power, cryptos are designed in a decentralized way so that common users can access everything related to the blockchain in a transparent way, and that's why we can all be part of this without any restriction and without apparent monitoring, and as you can see this is against the control that the government wants to impose on us, that's why they don't like the idea of cryptos very much.

[Welckomtome]

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 issue is in th etax system because as far as i know it is so hard to control the person s income here

[Welckomtome]

Because it takes away their power, cryptos are designed in a decentralized way so that common users can access everything related to the blockchain in a transparent way, and that's why we can all be part of this without any restriction and without apparent monitoring, and as you can see this is against the control that the government wants to impose on us, that's why they don't like the idea of cryptos very much.

it is nice that peopel are trui g to make cryptocurrndcy acceptable for everyone jd for ea h person of wvery cpuntry

[mammy777]

The government does not like cryptocurrency. Everyone wants to make money and ordinary people can do it, and don’t need to share it with anyone, even with the government. government difficulty with cryptocurrency.

[Sid3d]

The government does not like everything related to cryptocurrencies, for one reason only - all operations carried out on the blockchain network are very difficult to track, respectively, the government is deprived of the opportunity to receive taxes from you.

[fibrolit]

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 think the answer to this question is obvious. Governments want to control the finances of their citizens. They seek total control and, of course, the way to legalize crypto will be very difficult .. In addition, fiat money is too sweet a cake for the banking system and they will not want to give it away.

That's not the only reason. The fact is that cryptocurrencies are not quite decentralized.Almost every cryptocurrency has "whales" that hold most of that cryptocurrency. Therefore, if they want, they will be able to make the financial situation in the state unstable and crisis.

[frekans07]

because the crypto is a decentralized system, most countries are not very happy about this situation. Crypto will be even more effective in the near future

[pelumi20]

I think the reason why most governments are against cryptocurrencies is because of it decentralized nature.
Cryptocurrencies is decentralized which means no government has authority over it and government cannot control it, so they feel threatened by it existence.

[foculur]

Because it is independent from governments, countries and other things so they cant control crypto world completely, if you cant control something, you dont want it this is normal result for human nature.

[paderobin]

I think the reason why Governments hate cryptocurrency is the fact that it's a digital currency, and not fiat currency which they can easily control. Finding it almost impossible to manipulate cryptocurrency due to its Decentralization.

[Inastran]

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 ot sure i only know that governments may be afraod of the cryptocurrency world as it os dlowly but steady becoming stronger

[De_nis]

I think these are temporary bans, soon all governments of all countries will encourage people to enter crypto, this is an element of total control under the flag of decentralization ...

[vorfolomej96]

The cryptocurrency is freedom. The government controls freedom. The government does not need free people.

[offstage]

Government just wanna to use crypto for themselves and try to control all economic situation now. Crypto don't gives them that chance.

[Bavaria]

Well, before Satoshi presented bitcoins whitepaper only governments had the power to print money. Also governments and banks like to say Bitcoin is backed by nothing. That's the reason in my opinion.