Why Government does not like crypto?

[spike420211]

No cash flow should pass by the state apparatus, otherwise the latter loses control and will not be able to remove the commission from this turnover. Cryptocurrency at the moment is a bone in the throat of the state, as these are the ones who pass by without taxation.

[dearbesz1219]

Governments are banks have fear. Because cryptocurrencies are creating world where people have the power, the freedom and in this wolrd there is no future for centralization instituotion like banks and governments. 

[mdzahed134]

Some specific reasons behind the scene i think. Firstly cryptocurrency is anonymous platform that's why government cannot control it. And crypto is not belonged any country or company so government thinking what is the fundamental background to believe it. Highly risk involved because anytime market big crash. Another thing is economically hampered country growth.                             

[dawai asmara]

The government does not totally dislike crypto but due to its unregulated nature some countries don't want to take the risk to accept crypto as a way of payment. government are just playing safe because they don't want to mislead their people.

maybe for now the government doesn't like crypto, but in the future crypto will most likely be adopted massively throughout the world.
I believe if it is only a matter of time until all countries legalize crypto as a legitimate currency.

[aemma]

While most countries are showing signs of positive interest toward cryptocurrencies others are yet to, but I think with time and mainstream adoption most world government will start liking the affairs of blockchain and cryptocurrency.

[Mila52]

Direct taxation from individuals is the basis of financial resources and filling budget of the state. The volatility of cryptocurrency is the main problem.While hasn't been developed effective mechanism for taxation of income from cryptocurrency , the government will to forbidden cryptocurrency.

[pandanaran]

One of the strongest reasons is that the government is still hesitant and does not yet fully know that Crypto is very useful and a place for investment and transactions. Many of Crypto's negative sides are prohibited goods transactions that violate the law, but if the government uses them correctly there is certainly no problem. Maybe in the future the government of all countries will legalize Crypto.

[tenakha]

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.

many countries always regard crypto currency as a negative innovation and only consider it for personal gain and many have to prohibit crypto currency to be accessed maybe if the government adopts a crypto currency economy system of course economic development will develop and progress rapidly

IMO everything is not as easy as it looks. It will take a long time to transfer such a large economic system to newly created money system that has been established newish and has volatile price. There will be a more accurate time for the implementation of these processes.

[Chuky92]

Most government don't like cryptocurrency because they are trying to protect their people which is most times understandable. But, currently most world government are working towards using cryptocurrency and blockchain to improve services, so I believe when more adoption comes in other government will follow suit. 

[IndianaJons]

Some governments see cryptocurrency as a means of laundering money earned by criminal means. Terrorists can transfer money through cryptocurrencies. I think this is the main reason why cryptocurrencies are prohibited in some states.

[yobo2020]

Cryptocurrwncy is so popular in the world that both student and Woking class are partaking in but government still go against it. But the main government don't support creptocurrency is that is so easy to embezzle nation fund.

[prayogi]

there are many factors that cause the ban on crypto, some factors are that the government is concerned that inflation will occur if the state cannot regulate crypto, the government also concerned about money laundering, terrorist financing and other illegal acts because crypto is anonymous, the government is also worried that economic stability will be disrupted

[RockDJ]

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 hates what it can't control. They are afraid the ordinary man will get rich through crypto and distablise the food chain. They are afraid that dollor will loose relevance and America will loose world power, they are afraid of getting redundant and having the common people empowered.

[shillerguy020]

there are many factors that cause the ban on crypto, some factors are that the government is concerned that inflation will occur if the state cannot regulate crypto, the government also concerned about money laundering, terrorist financing and other illegal acts because crypto is anonymous, the government is also worried that economic stability will be disrupted

Simply put, the government sees in the crypto currency too much negative and all this does not happen from scratch, but the main thing is that it is not clear how to convince them otherwise, the pros do not cover all the cons

[karungbitcoin]

Only some country ban crypto, and many country already regulated crypto. The advantages of crypto and blockchain technology is needed to support industry 4.0 so no reason to ban it. In my country crypto and blockchain is welcome and already used by start up to development their project.

[Anonylz]

Government in some countries don't like their citizens to engage in crypto because of the negative news surrounding cryptocurrency, they try to protect the interest of their citizens, because most people only give bad experience about crypto, lots of people have loss money, especially those who rush in during ATH, others where scammed by all the fake project we have in crypto space, all this negativity surrounding cryptocurrency makes it look like a bad space and people are warn to stay away.

[mrdeposit]

Only some country ban crypto, and many country already regulated crypto. The advantages of crypto and blockchain technology is needed to support industry 4.0 so no reason to ban it. In my country crypto and blockchain is welcome and already used by start up to development their project.

As time goes by, more countries will have positive thinking about cryptocurrency. No escape, this is future. Since beginning of this year, we have made great progress in adopting.

[Choyor]

Since long ago the government has implemented a payment system using Fiat as its main stream, and this is controlled by the Bank which of course benefits them from every percent of interest they get. While Bitcoin is a digital currency that is not decentralized, it means that they cannot control it so it is not profitable for them, which at the end of the government does not fully support Bitcoin.

[coinsycrip09]

Only some country ban crypto, and many country already regulated crypto. The advantages of crypto and blockchain technology is needed to support industry 4.0 so no reason to ban it. In my country crypto and blockchain is welcome and already used by start up to development their project.

As time goes by, more countries will have positive thinking about cryptocurrency. No escape, this is future. Since beginning of this year, we have made great progress in adopting.

i think like that too,
indeed some countries do not accept or dislike cryptocurrency for various reasons. but in the last few weeks, there have been more and more governments that have begun to accept cryptocurrency.

indeed it is not fully accepted but at least there has been a good development to receive crypto into their country.
we only need to give a little more time, and we will see crypto getting more famous.

[Sacramentus]

I will not say that they don't like it, but I think they want to have full control over it that is why it's why it looks like they hate it but not true. Although we can still find many government bodies fighting cryptocurrencies just like we have in india