Why Government does not like crypto?

[puremage111]

Well it depends what sort of governance policy the country is doing

For example, Japan like the crypto alot because their country is very transparent and civilized
If one country like to falsify data and hide the real data
You would know why they hate crypto alot

[dhiraj0977]

They definitely does not like crypto and if they regulate, they do it with huge taxes. If they accept cryptocurrency, government taxes and revenue severely affect, their fiat currency value goes down, they cannot control it.  Government only like things which they have full control on.

[munareal]

The government will not like cryptocurrency because they can not control it like they control the fiat currency. Government creates monetary policies that suit them while the cryptocurrency is created to give power to the user. No government or individual  can control the cryptocurrency

[vin1103]

yeah that because system blockchain is not open to goverment, and that is not safety for investor because goverment cant giving scure to everyone, that was why goverment rejected crypto, so what ever the risk in crypto its your own

[#Darren]

They are afraid of them, because crypto can destroy traditional governments. Just imagine if everybody would transfer their funds with crypto currencies, there would not be any taxes and the lack of money would eliminate the governments.

[criket]

They are afraid of them, because crypto can destroy traditional governments. Just imagine if everybody would transfer their funds with crypto currencies, there would not be any taxes and the lack of money would eliminate the governments.

it can happen to governments that are not ready for crypto technology. but all that can be done slowly, the government can follow the development of the technology before finally they will definitely use crypto. wherever I think the government is now still at the same time studying the technology brought about by crypto.

[kangkilokang]

yeah that because system blockchain is not open to goverment, and that is not safety for investor because goverment cant giving scure to everyone, that was why goverment rejected crypto, so what ever the risk in crypto its your own

there are many risks that occur in Crypto and many are lost so the government does not like it because it does not want people to be exposed to risks and so on.

all choices must have risks so there may be many other reasons, so the government does not like it, but does not forbid it.

[greenlanternlight01]

As all the big changes they are afraid of it. And don't know how to controllo it since it's decentralised.. Like all the big breakthroughs over the history have not been very welcomed at first. At least not welcomed by the lower technology 

[terible.hunter]

Because blockhain as a distributed registry technology simply excludes the possibility of unattended disappearance of funds. You understand that if today you and I create a terrible situation in which we allow to keep funds in the clear, we can simply control them.

[cherryganda]

I can't tell that governments dont like crypto maybe some coins or tokens which has no connection on their country or can't regulated.
Look on what other countries are about with bitcoin as they can't get the tax from the people using and gaining from it.
But there are some alternative cryptocurrency who are legal and regulated.

[QNaka]

the main reason is the lack of control, Crypto is publicly available, anonymous, the minimum cost of transfers, of course, all the governments of the world are concerned about this fact. But society is ripe for change, I think that soon, many countries will figure out how to control, or use crypto, this situation cannot last forever.

[gowobonyok]

because the fluctuations are very extreme and bitcoin is too anonymous without going through the bank, allowing illegal transactions, or even terrorist funding.

[Meizu]

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?

Perhaps one of the reasons why the state does not want to let cryptocurrency into our daily lives, because this direction has not yet been studied, and in blockchain technology everything is not so smooth and simple, besides, not all people are ready for this, not everyone understands the meaning of this direction, and not all this direction is necessary. In short, we can say that the world is not yet ready to accept cryptocurrency as a serious tool for development and earnings.

[jagaban]

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?

1 word!

Control

Governments across the world love to exert control over the value of their currencies. Crypto is the opposite of government currencies as it means they no longer hold power of the value of their money. This is why they are worried about the popularity that cryptocurrency is gaining

[Gayong88]

It is very interesting to talk about cryptocurrency. nowadays, many people want to use it in various ways and needs, especially people who have more knowledge about cryptocurrency, on the other hand the government has not fully supported this with various considerations and other classic reasons ... but clearly technology regarding Cryptocurrency can not be dam.

[CryptoAlphaStar]

This is a generalizing statement. I think governments don't like some specific cryptos and use cases, such as the privacy coins. Governments don't like anything threatening their control and scrutiny.
But I am more than sure, they will develop and enforce coins that are controlled by them.

[@prashant]

There are two reason over it as first they want to govern every asset and second is that they don't want to change fast ,they are ok with old asset of investment ,in order to understand new asset they have to form different regulations regarding it and that is frustrating.and if they approve it ,for general people crypto holding is a big risk bcz of scammer or loosing their fund due to lack of knowledge and then they will approach judiciary indirectly affecting government.

[Gatsby club]

It seems to me that in the course of the next few years, the governments of most developed countries will create the necessary legal framework for cryptocurrency to be legalized. And I am sure that in fact all governments are interested in this, because legalizing cryptocurrency can give them even greater control over people.

[lousie9]

It seems to me that in the course of the next few years, the governments of most developed countries will create the necessary legal framework for cryptocurrency to be legalized. And I am sure that in fact all governments are interested in this, because legalizing cryptocurrency can give them even greater control over people.

Of course in the next few years we become very familiar with Crypto and now Crypto is not a real threat to all developed countries and countries that are already very familiar with crypto and have even begun using it for the purposes of buying and selling transactions and not just investment tools, so that's it's all just a matter of time.

[pungopete468]

The value of bitcoin is very volatile and also bitcoin is still too dangerous if we say it is an investment. we all know the big risk when investing here and also the many frauds that use the bitcoin network as their alibi to commit fraud