Why Government does not like crypto?

[Sundaey]

The thing is that do the government really care about cryptocurrency or aware by anyone what benefits it can give the country or do you notice that or seen where they are being introduced to government, most are only news and it also the easiest way to lose money in a blink of an eye, I think the government is protecting is citizens.

[newbie-hero]

Actually not really a true thing that government does not like crypto. They just trying to figure how can they earn money(tax and more) from it. So not very different than us

I think that governments do not like bitcoins and want to kill it. They have all the power over ordinary people in their hands and they can do it very easily.   

[minus_one_crypto]

The government of some countries loyal to crypto. I am confident that the trend of accepting cryptocurrency will continue. I believe in the general acceptance of crypto.

[Proc.dev]

The government of some countries loyal to crypto. I am confident that the trend of accepting cryptocurrency will continue. I believe in the general acceptance of crypto.

It's fact. However contries loayaled to sryptocurrency have enough high level of standard of living and civil liberties. Interesting why?

[longthu]

The general idea is that central banks have to create a local crypto currency. Why. Because many countries are investing in blockchain technology. The use of crypto money will increase to the best level of all time. Crypto money is better than real money. Because real money is doomed to die. The government is now thinking more moderate about cryptocurrency.

[CapnBDL]

It's simple, the government controls all financial flows, where and how much money is being transferred. In cryptocurrency, there are anonymous blockchains in which they can not track the movement of money. Therefore, they want to regulate everything and forbid something.

[Krium project]

It is normal that the government does not want cryptocurrencies, because they take away from them the possibility of manipulating the economic life of the people, but the era of economic slavery is ending, if we rightly disclose the message and the real utility of cryptocurrencies, the projects of these can develop, and developing will give proof that the system of cryptocurrencies is functional and in favor of all and not a few people

[jimskiy]

Many government still not like about bitcoin and crypto, almost many country still not allowed for using bitcoin as transaction payment and better use cash or digital money for their transaction, how ever by using bitcoin is less fee if using for export and import payment transaction.

[topkhai]

Because it doesnt have a central server and isnt regulated by any regulation, crypto transactions can be done at will. Of course as long we have account or virtual wallet. No tax will be charged, such as when transactions through certain financial institutions. Maybe this is what the government doesnt like or just business competition

[Indai24]

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 decentralized, Governments are afraid that its people will use cryptocurrency in illegal activities such as buying drugs. This might also be used in money laundering, tax evasion and so much more. That's why there are countries that ban cryptos, but, there are also countries that widely accept cryptocurrency.

[harapan]

there are many factors behind the ban on crypto currencies in each country, and each country has their own reasons. if you want to find out one by one you should look for information on Google because it is a very long list.

[deredevil]

There are some countries whose governments prohibit crypto may have their own reasons, because every country must have different reasons, for example crypto might only stop for a moment so it does not provide benefits or is considered something less good, I don't know maybe the government has its own reasons for crypto

[malekbaba]

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 decentralized, Governments are afraid that its people will use cryptocurrency in illegal activities such as buying drugs. This might also be used in money laundering, tax evasion and so much more. That's why there are countries that ban cryptos, but, there are also countries that widely accept cryptocurrency.

Why the advanced countries accept Crypto trading if they are afraid? Crypto causes social unrest. Speculative craze causes fomo and people seek loan, sell property to buy these coin and ultimately goes under massive debt. Plus mining causes ill environment, produce heat and large electricity bill. These are some drawback of crypto asset

[amaterazu]

In my country, Crypto is very supported because it can provide positive results for everyone. The government in this regard realized that Crypto was very good at changing the economy of the people and young people. Now the government has focused on the online world because this will grow the economy.

[odukoyaewatomi27]

Cryptocurrency is an revolution in the world technology, providing innovative solutions to different problems through the Blockchain. But it's decentralized nature have given it a bad influence amongst most governments of the world. Most governments are against cryptocurrencies because they can see its amazing features and they cannot control it. While some embrace it and see it as the future of their development.

[hell_slayer]

Governments don't like crypto , because it cannot track and control the movement of money here, respectively, it cannot collect taxes from this business and it really pisses them off. The situation when someone earned millions and did not pay taxes is a nightmare for any government and it will try to take control of the crypto industry by all means, and if it does not work out, then destroy it.

[terible.hunter]

And I recently thought here that the state and the Federal Reserve Fund in particular can be directly related to the development of Bitcoin, because they support it and not reject it. If it were not their project, they would definitely have killed this project right away.

[Averaged]

Government transparency is one of the biggest problems next to finance that blockchain can solve! It is simply not profitable for them.

[kamilah147]

t is difficult for states to control cryptocurrencies. Also, states need to adopt regulatory laws and this is difficult because there are no norms for cryptocurrencies.

maybe it's true that is one of the reasons for the current government and in my opinion at this time the government is still banning crypto currencies just seeing the negative side maybe if you see positive it will be better

[Yalovtsev]

Good question,look for a Millennium, in principle, the rules of the game are known,who rules Finance rules the world and so on.A cryptocurrency and the Blockchain,I want to make people free from these banks and all financial fields,and to every people disposed of the money himself,but to Governments is certainly not like and they are either trying it all by itself again to bend that principle and we are now seeing movement,or just not to allow the development(if the first does not work)