Why Government does not like crypto?

[Georgiyk]

The answer is simple. Cryptocurrency is not legalized and the government can not control it, thereby losing the opportunity to enrich. The simplest thing is to prohibit what they successfully do.

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[ricatop]

I think that the government is dissatisfied with the fact that they cannot earn thanks to the crypto currency, and therefore prohibit it

[Slash61]

The answer is simple. Cryptocurrency is not legalized and the government can not control it, thereby losing the opportunity to enrich. The simplest thing is to prohibit what they successfully do.

you say on what grounds the Government just wants to get money from crypto. I think that's not the reason most cryto haven't received Government. they are not ready with this technology, they have to prepare a lot of things. blockchain is a tremendous technological development, I think no Government who don't want to follow the development of this technology. When a Government is ready with the technology then crypto will enter in the Government.

[kkrainij]

I don't think the Governments doesn't likely hate crypto.. They just put an action to anything that may have a threat to their society and end it before it could harm their place..

The government cannot approve something new without conducting research and experiments. Perhaps they are developing the necessary regulatory system or waiting for the cryptocurrency to stabilize. We just have to watch it.

[MRY]

the government does not like crypto currency because they consider crypto dangerous and can cause economic chaos, the changing price of crypto can make people lose money because they are wrong in predicting and having big risks

[Niobeh]

the government does not like crypto currency because they consider crypto dangerous and can cause economic chaos, the changing price of crypto can make people lose money because they are wrong in predicting and having big risks

They hate crypto because they already one they supported which is bank system, they are not allowing crypto to begin started for the hope of people because the shares for them will losses .

[Ma1evich]

This is the reason why the cryptocurrency is developing so slowly and at this stage is in decline. The government does not need cryptocurrency but they need total control over it.

[jekainvestor]

Authorities do not like the crypto currency because of the onliest reason - the loss of the monitor capacities. But in case to learn the question more deeply we can see that bankers do not like crypto, because they are afraid that the crypto currencies may replace fiat in lots of directions, and bankers will loose the access to the big cash flow.

[benjamin11]

I don't think the government does not like crypto. I think they are not really sure what crypto is thats why they are very hesitant to try it. They are very reluctant about it because they don't know its true potential. If the government will understand the true nature of crypto, I think they will start to recognize it.

[izza123]

I don't think the Governments doesn't likely hate crypto.. They just put an action to anything that may have a threat to their society and end it before it could harm their place..

they cannot stop or kill the cryptocurrency. only by manipulating people, but sooner or later people will understand that these is just a manipulations

[Naitik]

Crypto are less transparent payment solution. As anonymous take part in the transaction without being identified on a large scale. As government need a transparent payment solution to serve as international means of payment.

[Gryphet]

Well, definitely the state does not like cryptocurrency due to the fact that they can not control it, cryptocurrency can be said all people have but except the state and they always try to control but nothing happens

[Bodywowoya]

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 main reason for the prohibition of cryptocurrencies is that the government can not have control over all financial transactions and all references to the fact that all illegal operations are spinning here, this is only a pretext for the ban.

[Runbitup]

Well, definitely the state does not like cryptocurrency due to the fact that they can not control it, cryptocurrency can be said all people have but except the state and they always try to control but nothing happens

that is only one reason why the government does not like crypto, actually there are still many other reasons and one of them is because crypto is very vulnerable because its value is not stable because it can make people become poor immediately. if only the crypto value is more stable then the government will consider agreeing to the existence of crypto.

[jerry29@]

Because of crypto volatile and decentralised nature, it is non favourable to go daily transaction.

[max6575]

to control limit of possession with funds on circulation as might the use on customs with the notable value on quotation as direction moves into the banks of the crypto
and with the ends to shows with minus on number as works on requirements of submission with the attach of crypto funds into the capitalizing of works on modulation.

[jaywizzy]

The main reason why government don't support cryptocurrency is just to avoid money embezzlement and to reduce the rate of fraudulent act.

[mrkavasaki]

the possibility of governments from various countries disliking cryptocurrency because perhaps with this cryptocurrency there are many people who cannot do money laundering because with technology such as the blockchain it will be easy to know who the owner of the wallet is so that money laundering will not be safe if there is cryptocurrency.

Governments now have many laws to prevent money laundering through crypto. especially in China, and there are now a lot of projects under development for social needs. In the coming years, governments will have to think about the potential of the crypto

[Grim149x]

I don't think so as our current government here is pro crypto. This will eventually lessen the fraud or corruption in our country. Elections will be better with blockchain as for transparency.

[thehulkk]

No government likes electronic money. Because electronic money is anonymous and the government can not handle it. And electronic money can completely destroy a country's finances.