Why Government does not like crypto?

[Fedots83]

Cryptocurrencies are one of those things that not everyone understands yet and there is no sense to understand this. I think that the government should study this issue more globally and then this situation will no longer arise

[V. J. Meyer]

Cryptocurrencies are one of those things that not everyone understands yet and there is no sense to understand this. I think that the government should study this issue more globally and then this situation will no longer arise

Currently, electronic money is still anonymous, and it is difficult to control it, so in my opinion, if the government accepts it, it will be difficult for them to keep up with the changes in this market, which is hard for them. and there will be many shortcomings.

[furylmz]

Governments are always opposed to things they can't control.That's why they oppose the crypto world.But they will accept them after a time.Countries that make this acceptance early will be more lucrative.Opposing countries will regret very much later.

[Kocret02]

based on a lot of factors why the government doesn't like crypto I read a number of articles and said if the government seemed to see foreign things in crypto, and they saw if crypto could pose a threat to economic stability in a country. but this cannot be used as a statement which can be used as the main reason. but that's the reason why governments in some countries ban crypto and don't like it.

[Boys27]

only a few countries legalize the use of cryptocurrency, it may not be legalized by bitcoin etc. because bitcoin can threaten the interests of rulers such as government of a country so it is impossible for cryptocurrency to be legalized throughout the world

[wareck]

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?

Cryptocurrency takes money from the government and it's of course not happy with that. I think that this is quite a normal reaction to the emergence of something new, which did not exist before and therefore the emergence of new global changes

[Dlux75]

Because they can not regulate cryptocurrencies. They didint create that and they can not control that properly. Because these cryptocurrencies are decentralised. YOu know goverments dont like things which they can not control. So because some of these countries try to banning that.

[Flezy]

Whatever the government can't control, they hate. The crypto space is one of a kind owing to decentralization.  Since decentralization gives the common man power, the government see it as a threat.

[Bolivar_Tony]

Crypto is a decentralized system which means it's no a central system or body where is central body intervention or control, hence governments always want to be in control so that they restrict how things is been done, so cryptos removed such power from them and that's why they are against it.

[isen]

I think here the key role is played by the question of personal gain, because the cryptocurrency gives freedom to people, and the more freedom people have the less power the state has, and they do not want to lose power. This is where the various manipulations and restrictions begin.

[Adreman23]

Government dont like crypto because crypto is a decentralized p2p network payment and goverment has no control on it. They dont like things that they can't  control and crypto is a threat for them to replace  their fiat money in the future.

[KingOfWinterfell01]

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?

Probably because cryptocurrency is unregulated cash flow in the country. Unregulated cash flow may disrupt the whole economic system of a country leading to probably inflation. That's my take but I don't think this is enough reason for a country to ban cryptocurrency altogether. Maybe because they're trying to come up with a formula to remedy the unregulated cash flow.

[darshan331]

As per my knowledge the main reason is decentralization and this is peer to peer transaction process so there is profit for government, thats why government dislike crypto.

[retnocintaku]

The government doesn't like crypto maybe because they consider it a rival and there is no benefit given cryptocurrency in this country, it's probably one of the possibilities why the government doesn't like crypto

[shadowdio]

because they aware of it using for crimes like illegal transactions and the government can not control and they can not traceable which owner of that address, that's why some countries banned cryptos.

[NaXxow]

crypto, especially bitcoin is now popular in most of developed countries that promotes paperless transactions. Governments in most underdeveloped countries, majority of them do not like something that they cannot control.

[itasannah]

The government does not give permission because they fear the Blockchain technology system can have a negative impact. And the government is also afraid if it is used for money laundering or for terrorist funding. Of course, this is what makes the government not allow Crypto for payment instruments.

[Escf4]

The government of some other countries does not like cryptos because, this kind of technology  is decentralized , and government wants that the cryptocurrency will be accepted in their country , they will have a full supervision on it and will monitor the movement and activities of this cryptocurrency.

[imToken]

I don't think the government will hate cryptocurrencies. This is a trend that cannot be violated. Often hate cryptocurrencies may be some corrupt politicians. When the blockchain is widely used, they will lose the chance of corruption.

[tausugsabul]

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?

because they cannot control it, crypytocurrency is a decentralized system