Why Government does not like crypto?

[fullcointalk]

Governments have realized the potential danger for them lies in Bitcoin. Bitcoin makes people free and this process is impossible to stop. Of course it is possible by completely destroying the Internet. But we understand that this is practically impossible

[goodbuybitcoin]

I think that most people simply do not understand what cryptocurrency is. In addition, government agencies want to control cryptocurrency.

[sergeykravchenko1959]

The blockchain platform brings great innovations and improvements to our lives. Cryptocurrency payments are decentralized, have a high transaction rate and small commissions. But by this very same it is a threat to the banking sector and meets with resistance from many states.

[basici]

I think that they secretly invest money in cryptocurrency just do not tell us about it

[Mianae]

Crypto isn't regulated as such, tax will not be well monitored. Also the anonymity which cryptocurrency is introducing coupled with ease of payment across border is elimating governments full Co teol over individuals transactions. It's something beyond their control that's why I think government don't like crypto.

[danfred]

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?

Tell me, if you had a dwarf at home, who inclines your children and grandmother to disobedience and complete freedom of action, would you be happy and loved him? I guess not. The state also refers to cryptocurrencies.

[Plecet Bank]

The government fears this cryptocurrency will have a negative impact on the local currency. And in crypto, it is very possible for money laundering and what the government is afraid of is funding terrorist funding. And this is all that has made the government in my country not give permission about Cryptocurrency.

[mbah]

Crypto can be a bad thing for the country because of the existence of a dark transaction will lead to cases of smuggling. It is the country's feared that many of the countries that have not received they can be crypto in General. In addition, there are still many cryptos that have directions to fraud and the country's feared this could be a problem for their citizens.

[LukkasG]

Why should they? They don't have any profit of it as a government, it will make a competition to the current financial system, it is hard to tax it. They hate the crypto, at least until they can control it.

[vova.andreyan.94]

I think the government is also considering how to use cryptocurrency, it is also beneficial for them to make their stablecoins!

[zerrtty]

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 Government does not like what it cannot control and regulate. Cryptocurrencies have become too rapidly popular, so they did not have time to develop a legislative framework. I believe that prohibitions in some countries are just a temporary measure, and later, under certain conditions, a cryptocurrency can be approved and applied. As early as 2019, serious changes could occur in this direction.

[keepandhold]

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 it is easier to prohibit than to create a legislative base and try to introduce cryptocurrency into the existing economic model.

[Happy Miner]

The government sees a great risk in cryptocurrency. And this is true, bitcoin can depreciate at any time and a lot of people will lose their money. I agree that the government should legally regulate the cryptocurrency market.

[Jordens]

The government sees a great risk in cryptocurrency. And this is true, bitcoin can depreciate at any time and a lot of people will lose their money. I agree that the government should legally regulate the cryptocurrency market.

This scares them in the last place, and what is really important is the inability to control the flow of money, and in fact through cryptocurrencies not a few dark operations are carried out.

[bonyaserg]

Personally, I really like the fact that cryptocurrency has been introduced into our lives. It's great when new technologies appear in our lives. Now the crypt will change all the technologies as it has a great future. Most people have new types of earnings. And I think that earnings on cryptocurrency is not legal and this state does not like the fact that with this profit you need to pay taxes. And also for many more reasons.

[Dreaman_Fly98]

That's easy. Because they can't control it, at least not not. There are no laws so they are afraid

[aji567]

Because crypto cannot be regulated by the government and the government wants to control crypto which can be used to tax crypto users.

[Baimovic]

Because crypto cannot be regulated by the government and the government wants to control crypto which can be used to tax crypto users.

that's just one of the things that makes the government dislike crypto. actually there are some things that make the government dislike crypto, which is the unstable crypto value and is considered to be used as a tool to fund terrorists because crypto has a peer to peer transaction system that makes it easy for people to send large amounts of money without others being suspected.

[2tang]

it doesn't matter as long as the government doesn't ban crypto ownership, I don't really hope that the government will support crypto and ICO because I believe they have good reasons for the policies they make, I think they care for us because they are afraid of people being scam or suffering heavy losses , but I think everyone is aware of that risk and our job is to minimize that risk

[virtual_miner]

Because crypto cannot be regulated by the government and the government wants to control crypto which can be used to tax crypto users.

that's just one of the things that makes the government dislike crypto. actually there are some things that make the government dislike crypto, which is the unstable crypto value and is considered to be used as a tool to fund terrorists because crypto has a peer to peer transaction system that makes it easy for people to send large amounts of money without others being suspected.

A lot of cryptocurrency money launders have been arrested, look at the BTC-e case. US law enforcement agencies, as well as China, are always interested in and watching this market. In addition, they are planning to apply blockchain to the projects they need