Why Government does not like crypto?

[zauna35]

the government does not like cryptocurrency because it is difficult to regulate it, and as we know we constantly want to impose taxes and extortion, soon we are going to pay for breathing .. and cryptocurrency is freedom and independence, which is why many countries prohibit it

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[KennyR]

the government does not like cryptocurrency because it is difficult to regulate it, and as we know we constantly want to impose taxes and extortion, soon we are going to pay for breathing .. and cryptocurrency is freedom and independence, which is why many countries prohibit it

Really good, in the future we might be forced to pay even for breathing which could happen. To get out of this restrictions cryptocurrency is the only hope. Cryptocurrency is freedom and independence, some countries have already imposed taxation on bitcoin considering it as similar to gold. The taxation were made based on the transactions respective person have done.

[btcnijuan]

They want to fully control the financial economy of the citizens, they are afraid that crypto currency can disrupt their financial system. But some countries are well knowledge that they support cryptocurrency.

[edisystem]

I think it's because of the government can't control cryptocurrency so the government needs to find a way first how to control the crypto.

There are also many reason though, in my country here, there are some scammer using the name of bitcoin to make an investment and it's become viral because they scam so many people. Government look this case as a bad thing of crypto.

[iram3130]

There are many reasons for this, one of them is not having any security or the tokens can be generated in the name of airdrops and stuff which is basically increases the bank balance of its own team.
XAUp, every Pokens are pegged one troy ounce of gold, which means that all the pokens are equal to gold. Also the team creating it is the successful team of Populous PPT.

[Cat Coin]

The question is not in love with cryptocurrency. Governments are the people who control everything. People are rich. Therefore, to lose control of financial flows for them is tantamount to death. The whole world lives in debt. This is impossible with new flows, there are no loans. So the fight will be serious

[Ozero]

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. 

If governments were so worried about people, they would have long since begun to regulate the activities of the ICO in order to prevent fraud and protect the rights of investors. The states are not in a hurry to do this precisely because they do not like the decentralized cryptocurrency. It provides people with new opportunities in the field of financial relations that states and governments cannot control.

[gilangIDR]

The government still seems to be waiting for the situation at this time, most of the government is still analyzing the use and direct impact of cryptocurrencies. This must be done because every decision made by the government will surely have a major impact on all citizens in the country.

[Endikadija]

There are many reasons for this, one of them is not having any security or the tokens can be generated in the name of airdrops and stuff which is basically increases the bank balance of its own team.
XAUp, every Pokens are pegged one troy ounce of gold, which means that all the pokens are equal to gold. Also the team creating it is the successful team of Populous PPT.

The main reason will be the government wants to protect its investors. I was seeing xaup and it looks good for me. but it's not related with this thread dude. The problem is about the government doesn't wanna lost its investors.

[karagun125]

I think maybe because of the disadvantages it would create. Some country doesn't allow crypto in their place since it could probably used by some syndicate or illegal activities that can buy drugs and illegal things. Also some doesn't allow crypto because it can be use to buy armory or riffles.

[Litzki1990]

I think the government does not like crypto because it is a digital investment and it is hard for them to trace the person and implementing taxes or their fiat currency will be replace by crypto. The government afraid of investment scam through crypto.

[waitforme]

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?

Crypto with an anonymous Blockchain platform is also a reason why the government does not accept it. With the hidden mode of all Altcoin developed on Blockchain, it helps all investors not identified, and this makes the government unable to control these investors.

[rachman mahesa]

In the world there are so many countries that support crypto and there are also those that do not support crypto. I think the government in a country does not support crypto certainly has a definite reason. Because if the government supports crypto, of course, there are certainly many people who will abuse it by buying illegal goods, of course this should be avoided.

[killat]

Government does not like cryptocurrency,  because crypto bypasses their centralization and banks dependency.

Gov will never agree something they cannot control, but Btc is part of technology and development of technology cannot be stepped.

[ivanserfg]

Government does not like cryptocurrency,  because crypto bypasses their centralization and banks dependency.

Gov will never agree something they cannot control, but Btc is part of technology and development of technology cannot be stepped.

if the cryptocurrency is profitable, then it will grow and develop without the government, and the government that will first make acceptable conditions for operations with crypts. will attract a very large turnover to your country.

[Rtalk]

The government will be able to legalize bitcoin and other cryptocurrencies under the condition of total control over them,but this completely contradicts the idea of decentralization of cryptocurrencies.
I think that many States will be able to partially regulate this industry, but there can be no question of complete freedom !

[Dennicex]

Countries are afraid of the introduction of cryptocurrency as it will violate the current global economic model. However, I think that this process will not be stopped and sooner or later the cryptocurrency will build a new global economy. There are a lot of promising projects that claim to be the global global currency: they are well-known such as Bitcoin or Ethereum, or completely new projects such as Sound Money Coin.

[dimonarka]

Because they can not track transactions and funds of users. In this, plus cryptocurrency is anonymity. Also, users of cryptocurrency do not pay taxes and this government does not like

[cak imin]

Because they can not track transactions and funds of users. In this, plus cryptocurrency is anonymity. Also, users of cryptocurrency do not pay taxes and this government does not like

Why not? they will realize and start to like it. this is a big update, the rules in the future will tie it all up. starting from the ico and exchange projects, they will all pay taxes.

[NightMar_1St]

The government does not like electronic money because it is difficult to control cash flow and taxes. The main thing is that the government will not make a profit if electronic money replaces paper money