Why Government does not like crypto?

[Little Mouse]

Government doesn't want crypto to legalize because they will lose the control of your fund once it becomes totally legalize. They want to make you obey them, they want to control your fund. Beside this, they want to have a lot of taxes too, lol.

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[Robotbitcoin22]

Cryptocurrency is an investment that is quite risky. the price is very volatile and in my opinion that is one of the reasons why many countries have still not given an attitude towards cryptocurrency whether it supports or not

[kuverty]

I am sure that many governments in the world will accept crypto. It seems to me that this will help make the world a better place.

The trickiest part is no government will allow crypto to challenge their monopoly in printing money, while that's most altcoin does.

[dnovsckym]

In vain, you are so, many governments have oriented themselves in time and began to receive good taxes to the state budget from cryptocurrency!

[leslie4u]

The government wants to control the economy the old fashion way of having white collar slaves. They are afraid that if Crypto takes over the financial system, they will lose control over the complete economy and people will no longer need their traditional banking system. The cannot regulate Crypto and most importantly cannot impose new rules or taxes on Crypto.

However, some government have seen the potential of Crypto and trying to adapt them. Hopefully we will get there someday where everyone understands the real value of running things on blockchain.

[Anatolich]

To this topic, China may soon invest again in cryptocurrency, and this may again give impetus to the bull market. Two, three months and see if it will be so.

[bittick]

I am sure that many governments in the world will accept crypto. It seems to me that this will help make the world a better place.

It's not a lot but some countries already accepted and give crypto a permission to operate in such country. Just like JPAN which already given license to the exchange site. Canada was allowing hdac to operate on its country.

[Musia]

In vain, you are so, many governments have oriented themselves in time and began to receive good taxes to the state budget from cryptocurrency!

such countries can be counted on the fingers, their number is too small to talk about some adoption of the cryptocurrency, which of course is very sad and hinders the development

[cryptobae10]

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 truth is that the government always want to be in control of any financial event, and thats why in the stock market, the government has a hand in it in few percentages.
I think crypto currency needs to let the government regulate icos, to prevent frauds and unnecessary dumps

[adekogbe]

There are a few reasons why some countries do not like other currencies first cryptocurrencies can easily be used for crime due to be anonymous nature of transactions secondary cryptocurrencies can also be a threat to the national currency of any country so some countries that want to protect their national currency will likely not accept cryptocurrencies and thirdly cryptocurrency is still unregulated and as long as that continues a lot of countries will likely not show interest in it.

[Georgiyk]

Just the government can not yet control the cryptocurrency. In cryptography, he sees fraudulent schemes, lack of control, tax evasion.

[AUDI_A6]

Although governments say they do not accept cryptocurrency because of the high risk of fraud, as evidenced by numerous examples of scam projects. And because of the lack of regulation.
  And they justify their bans by taking care of ordinary investors. We all understand the true reasons for the ban. They are all listed in the previous posts.

[jyotianand01]

Many governments are afraid that if they approve crypto transactions then it will make huge impact on their own country currency as crypto transactions charge very low fee for each transaction and it is also a very fast transfer.

[cryptolord2077]

Many governments are afraid that if they approve crypto transactions then it will make huge impact on their own country currency as crypto transactions charge very low fee for each transaction and it is also a very fast transfer.

In this case, a lot of money will flow past the tax system, and the state will keep on taxes, without them it will begin to fall apart.
Therefore, states, like banks, dream of introducing a tax on the use of cryptocurrencies, and such attempts are already known.

[Svarora]

I think because you can do any transaction of any amount at any corner of street and that too without the intervention of third party. Right now crypto are not under any specific control and there are no regulation to keep al check over it.moreover it is bit technical for every one to understan it and doing transaction through it

[macshad]

Government are always scared of the possibility crypto currency can offer the whole world, crypto currency is always improving and finding a to make the world easier for everyone where anyone can be anything they want, people can sit at home making millions from buying and selling crypto currency and governments dont like the fact that they dont have control over the finances and the fact that we dont need to pay taxes is a very big issue for them

[ucok456]

Which government do you mean? Because some countries (governments) legalize cryptocurrency. Maybe the reason some countries (governments) who reject crypto are for security. Because we know the anonymous nature of crypto makes many cryptocurrency misused, especially for terrorists.

[alexcopper]

Lot's of reasons but it mostly has to do with control. The people, where the money goes, dominance and ultimately what the underlying job of the government is which is regulation but they are obviously a hot mess 80% of the time

[vanjava]

in the country I have agreed to crypto, maybe some countries have banned because it affects the economy of a country's currency. besides, there are many factors, one of which is that there is still fraud in the crypto world.

[belli4388]

the answer is one and it is very simple because it is something that they can not control or tax , and soon it will become an alternative system to the banks