Why Government does not like crypto?

[Hustinog]

Not all government hate cryptos, most of the governments hate cryptos because they heard about the news saying there are so many criminal and illegal transactions happening in the cryptocurrency world. Coins can be used in unlicensed gambling, buying illegal equipment such as unlicensed firearms, buying illegal drugs, hackings and many more. They think that enabling cryptocurrency to take the part of payments will make the life of those people who's responsible for the things that I've said.

[anjiitem]

to my knowledge, there is no government that uses cryptocurency as a means of payment or a main stream of funds. there are some countries that allow their governments to manage assets through cryptocurency and even then not all parties understand

[Russlenat]

Government not entirely dislike crypto, maybe the government want only to protect the people to invest and get scam because crypto involves a lot of money and can also effect the economy of the country.

[roxasyolanda]

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?

government hate crypto because they cannot control it, they cannot implement to get a tax from it because crypto ia decentralizef type.of system. Lets hope that one day crypto will be accepted by athe government in every country

[alberdina]

Yes, even though the government banned cryptocurrency but there are still many people who can get results from Cryptocurrency. Cryptocurrency is a very large industry that is able to open very broad job openings. And I hope that someday crypto will get permission from the government. So that more people will invest.

[Collinberg]

Cryptocurrency promotes Anonymity and the effective transfer of funds without having to give up your identity, so if Governments around the world supports this, then they are definitely giving their citizens a free way to skip taxes because there would be no way to trace transactions and tax them.

[Jamesdila1]

because they cant control the financial system if everyone uses crypto. mainly governments do not like privacy coins like XMR, XVG. anyway blockchain tech is useful for governments and people to make things easier in daily life

[Triwiyono]

not like it yet. just wait the government will also like crypto, maybe now the government that does not like crypto still thinks, whether crypto is important and can be profitable, if it is compared with us, the government has a different view from crypto, it maybe harmful. but just wait, the government will start liking or adopting crypto if needed crypto.

[labuan]

Because cryptocurrency is not profitable fot government and cryptocurrency can be medium of exchange for Terrorism and many Corruptor. So That's why government does not like cryptocurrency.

[Maricurijohn]

because they cant control the financial system if everyone uses crypto. mainly governments do not like privacy coins like XMR, XVG. anyway blockchain tech is useful for governments and people to make things easier in daily life

Yes, perhaps the government is good, but technology is always changing, so it's not easy to keep up, so the hardest part is controlling, so the government does not want to get in and many of their governments has forbidden people to trade cryptography in the country.

[newbie-hero]

Most governments that don't like cryptocurrencies are because of their economies. We know that many countries' economies are centrally controlled, but cryptocurrencies are decentralized!

The government is not ready for cryptocurrency yet, because there are no laws that could regulate this market. But I read that there are no bans and the government is discussing how to legalize a cryptocurrency market.

[trobbert]

Wha do you think?
For me it is obvious that Government is a manipulator and unfortunately in crypto there is no way to manipulate as strong as Government wants to.

[bayu7adi]

right the government doesn't like cryptocurrency? Are you sure that everything the government does is not an acting drama?
we must be clever in responding to every government decision, if indeed the government does not like cryptocurrency, of course the government will try to attack the existence of cryptocurrency, not just as it is now, which in fact most countries provide support even though it is not maximized

[UnDerDoG81]

Wha do you think?
For me it is obvious that Government is a manipulator and unfortunately in crypto there is no way to manipulate as strong as Government wants to.

Why do you think that this market compared to traditional markets is too small compared to governments. That's why governments have not really paid much attention to legislation for the crypto market.

[Gershonxer]

They have to be scared of cryptocurrency for many reasons because they want to be in control of everything. For instance bitcoin cannot be more than 21million which makes it impossible to create more than that amount, if it were to be fiat money it can be minted to any amount they want to mint.

Another thing that worries government about cryptocurrencies is that since its transactions are untraceable, many terrorist groups can be funded, money laundering, evading of tax and gov. sanctions. Now there a regulatory bodies put in place for KYC/AML policies  for cryptocurrencies

[Daliloz]

Because fiat money belongs to a certain state and in which case they can print new money. And with cryptocurrency is not possible.

[yanglei504]

Crypto currency have a potential to use and famous in the future they can't be stop the crypto and make a transferring fee for every transaction of the bitcoin. They know that bitcoin use in deep wep as payment system so they know that it can be use in bad doing.

[kendra1107]

It's not that governments hate crypto. They just hate the fact that they could not have full control of the crypto system. But we know what governments are capable of. They will surely find ways to penetrate this system and they may actually have control over it some time in the future. Let's just hope this doesn't happen.

[CaMeRoNy]

Governments don't like cryptocurrencies because they can't control them, and increasingly we can see that a lot of coins are centralized, which means they can be controlled. What a contradiction...

[JeffBrad12]

Wha do you think?
For me it is obvious that Government is a manipulator and unfortunately in crypto there is no way to manipulate as strong as Government wants to.

Why do you think that this market compared to traditional markets is too small compared to governments. That's why governments have not really paid much attention to legislation for the crypto market.

It's the opposite thing because right now a lot of governments are considering crypto as a serious thing. Remember about a lot of conference has been discussed about the regulation to the crypto and i think you have known that. It's not about the comparison between traditional and government and it doesn't make sense.