Why Government does not like crypto?

[TACIXAT]

Implying bitcoin isn't CIA blackbudget.

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[trade2winnn]

Since there are people who are already accustomed to their schemes and management, and they are all good and stable,and change the whole system because of bitcoin,and it will not be clear to these people as well as it was before,it is not clear and not clear, this is a big Uncertainty, and not who does not want to change the good

[bignice]

Yes, this happened in my country that Cryptocurrency is not permitted to be used for payment media. They say that Cryptocurrency is dangerous because it can be used for terrorist funding and money laundering. This can have a negative impact on the government.

[crypthomonkey]

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?

they might think taht the cryptocurrency os some kind of threating to the tax system and it is unstable and fhey are worried about it

[crypthomonkey]

Yes, this happened in my country that Cryptocurrency is not permitted to be used for payment media. They say that Cryptocurrency is dangerous because it can be used for terrorist funding and money laundering. This can have a negative impact on the government.

governmeny may be does jot know how tk makecryptocurrmdcy work for tgem not against them and tnat is why they do not like uit

[leea-1334]

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.

To be fair, some states are only just now beginning to understand crypto. And when all you can find and search for online about crypto is scams and profits and make money, then of course most people unfamiliar might see it as a threat to the people.

Ask the authorities in my country,,, they are not unfriendly to crypto but they recently announced (the central bank) that they are getting so many calls a week from citizens asking if this Bitcoin investment is fake or not.

Crypto is getting a bad name from scammers, and people have lost money investing in scams (not crypto).

[Weeker]

Yes, this happened in my country that Cryptocurrency is not permitted to be used for payment media. They say that Cryptocurrency is dangerous because it can be used for terrorist funding and money laundering. This can have a negative impact on the government.

Anything that can't be controlled naturally won't appeal to the government. They can not check transfers, there is no data about the owners of wallets, no one cooperates with them, so they will interfere with the work of projects.

[Litefoxx1698]

They are trying to control everything and crypto is not giving them any chances to do this. Thisis why the Government does not like crypto!

[goodbuybitcoin]

Some government agencies are very friendly to cryptocurrency. I think that more developed countries are loyal to crypto.

[waaat?]

Gov's don't understand. They want to lead this branch. Who have more then can to dictate price or some other ways. Especially for PoS/DPoS coins. But with their ideas about crypto own currencies ... It will not blockchain as I think. It will be something like XRP

[Kiefner]

Depending on which country's government to talk about. It is clear that cryptocurrencies are dangerous for the financial system of the whole world and therefore many governments are afraid of this, but there are those who are not against cryptocurrencies, there are also those who earn with the help of cryptocurrencies.

[Huntler1993]

Nobody likes or love his/her rival, so its just simple the government does not see anything in crypto. If the people shift to crypto it means the government is really going to incur some great loses since there is no regulatory body.

[Ini35]

There are still some countries that have developed interest in cryptocurrency. Some have even announced their consent, such as the government of Russia and the likes. Just recently, i got to know that South Africa government has also officially announced her consent. What we really need and that will make the governments of other countries to give their approval is if it has been regulated. Regulating it will even make the space safer. This will also be an encouragement to investors.

[TrevorS]

Government is power, power is kept in control, cryptocurrency weakens this control as they give people alternative ways to make money and avoid taxes. Of course, this is not profitable for a single government.

[Bonheur]

Who says governments does not like crypto currency. There are a lot of whales in this market. People keep buying in very very big batches. Can you gurantee that these are not governments silently stockpiling some good coins or tokens. They maybe don't like crypto currency according to the press, but what if it is not the case.

[papagravel]

Cryptocurrencies are a competition to that money which governments of various countries print. This is the first reason why governments do not want to legalize cryptocurrency.

[cryptofuturologist]

I do not agree that the government does not like cryptocurrency. I know a few countries in which the cryptocurrency is recognized at the legislative level.

[nityans]

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 fact, many people are unaware of cryptocurrencies or are suspicious of the existence of the cryptocurrency industry - as a fraud. The crypto-currency industry has appeared relatively recently, and as something new causes attention and suspicion in society. In the same way, some governments took the example of countries positively seeing the new model of economic development in the crypto-currency industry, and there are also countries that are skeptical about progress. Time will put everything in its place...

[xiboothrezi]

The real reason is that the government wants to limit the negative impact of cryptocurrency. Most governments forbid it because there is no formal basis, and no authority regulates it. So it is feared to be misused as an illegal activity.

[crypt0.r3negades]

I think government does not like crypto because they can't get a dividend to their sales. Not like physical business establishments that they can ask for tax. But with cryptocurrency any members on it can avoid tax due to most coins are anonymous.