Why Government does not like crypto?

[MMA Rats]

If we take into account the transparency of the blockchain, then everything becomes clear. In this case, each person will be able to audit the activities of the government. And the government of such super corrupt states as Russia or Ukraine (I live here, so I know what I'm saying) will very quickly cease to exist.

Totally agree with you. Because it is in these countries that corruption is very highly developed, and many simply do not want to dig up their stolen savings.

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[radjie]

basically cryptocurrency is a type of investment that has a very large risk and no country can control it, therefore the government does not recommend the public to invest in cryptocurrency because it cannot be accounted for by the government if many users complain of losing a lot of money invested in cryptocurrency

[distr@yopmail.com]

basically cryptocurrency is a type of investment that has a very large risk and no country can control it, therefore the government does not recommend the public to invest in cryptocurrency because it cannot be accounted for by the government if many users complain of losing a lot of money invested in cryptocurrency

losing their investment asset will be the responsibility for their own affairs instead of the Government. until now, many Governments are still indifferent to markets crypto, the Government need to know this market has potential. If the Government get in on the market might be good crypto because of capital which I guess can foster the ability of the market.

[april08]

Government also want to have control of every in her environment, when this is not actualized, they kick against such thing. Why some countries government is kicking against it is that they want to have a share from it; directly or indirectly and also regulates it accord their existing laws.

[Jose Mourinho]

The government certainly wants to be able to control everything in the country, as we know that crypto is decentralized so that the state has no power to control, this is what makes the government worried that crypto can threaten the country.

[awik p]

basically cryptocurrency is a type of investment that has a very large risk and no country can control it, therefore the government does not recommend the public to invest in cryptocurrency because it cannot be accounted for by the government if many users complain of losing a lot of money invested in cryptocurrency

many are worried about a bubble, because they consider bitcoin like a game. besides that I think the government is not familiar with a decentralized system that can worsen the economy

[maglowie]

The main reason why government does  not like crypto is that they cannot control it.  They cannot account the income derive from crypto because they have no way in knowing it, therefore they cannot implement taxes.  If there is no tax,  no gain for them.

[Mata Kripto]

That's because the government believes that cryptoqurency is high risk and anonymous, behind the ease of cryptoqurency can be misused by various groups for illegal transactions. Besides crypto is not controlled by anyone and prices are very volatile. but in my country crypto is permitted but only as a means of investment and nothing more than that.

[NDX-AKA]

agree with all of you because the results obtained from crypto are so much that the government must be careful in legalizing crypto, even if crypto is legalized, there will be many conveniences and benefits provided, but all must be considered by the government, whatever is given will certainly make everything is fine.

[madrogue]

I think Government doesn't like crypto because some crypto payment is used to pay terrorist.
Most of people in my place think crypto is like a gambling.

[Rtalk]

I think Government doesn't like crypto because some crypto payment is used to pay terrorist.
Most of people in my place think crypto is like a gambling.

Many governments simply hide behind the fact that the crypto currency is allegedly massively used by terrorists.
As various studies show-Fiat money is much more often used in their calculations by bandits than cryptocurrency.
Then another question arises : Why do States in this regard do not want to ban the dollar ?
I think the answer is obvious.

[globetrotter43]

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?

Decentralization is the main reason behind it. The government would never let the people have power on their money. They want to have control over people money. However, crypto is the future of the Internet. Thanks to the Satoshi vision and hats of to all the supporters.

[shoreno]

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?

Decentralization is the main reason behind it. The government would never let the people have power on their money. They want to have control over people money. However, crypto is the future of the Internet. Thanks to the Satoshi vision and hats of to all the supporters.

Crypto is the future of internet ? I think you said it wrong  . crypto is commonly known as the future of internet money  or the future of money but not in a point that it would replace all existing currencies and other payment methods .  its only a term that crypto users love to use  . Anyways , not all government ban cryptos ,  most of them are actually love to support cryptos . these kind of governments are not corrupt .  i salute them .

[pics4crypto]

It seems to me that the whole thing is jealous and that the government cannot be as empty as it is now to steal from the people. Because they are against it, the cryptocurrency is transparent and this frightens them.

[Sir Legend]

There is no benefit obtained by crypto, even crypto can threaten national security, if the majority of the population uses crypto then legal money becomes worthless so that if a problem occurs then the country cannot do anything.

[NynaHoney]

the most influential is probably because crypto has fluctuating prices so the government has banned it because it can lower their economists but there are also countries that side with crypto so they can use it well should the state be able to filter crypto even though crypto actually can bring large profits.

[conected]

basically cryptocurrency is a type of investment that has a very large risk and no country can control it, therefore the government does not recommend the public to invest in cryptocurrency because it cannot be accounted for by the government if many users complain of losing a lot of money invested in cryptocurrency

losing their investment asset will be the responsibility for their own affairs instead of the Government. until now, many Governments are still indifferent to markets crypto, the Government need to know this market has potential. If the Government get in on the market might be good crypto because of capital which I guess can foster the ability of the market.

- Agree that the loss of assets in the investment process is not the responsibility of the government but many people are not satisfied with this idea, they feel their property needs to be guaranteed by the government even if they are lost or cheated in crypto. And with fraudulent events that continue to happen, losses and complaints from people, all created a lot of trouble for the government, the government did not control crypto and crypto developed freely then it turned around to create enough trouble for them, hating crypto is an inevitable thing

[jackblacksparrow]

There is a high probability that the government is afraid of rate fluctuations. Therefore, it will also shake the entire economy in the country.

[trash321]

Probably the question is based on the fact that now the governments of different countries are trying not to be very transparent and to conduct a not very transparent policy regarding so many things, so I think that there are a lot of situations that need to be reviewed.

[Robotbitcoin22]

the nature of cryptocurrency which is very volatile and also a considerable risk makes many countries consider legalizing it so that it does not become a problem for the people and can actually get a loss