Why governments ban Bitcoin?

[elbans89]

The reason given by the governments pertaining to the ban of Bitcoin in some countries is that Bitcoin is anonymous and not regulated. With this, it is involved in a lot of illegal activities such as terrorism funding, drug trafficking, money laundering etc. But the question, was drug ttrafficking and terrorism funding not in existence even before the creation of Bitcoin in 2009?
The governments are only afraid that Bitcoin gives more power to the people as they get to control their own financial transactions.

The reason why the government ban bitcoin, I think because The government want to keep their national currency. It is my opinion.

[barrsa]

maybe the main reason for the government banning bitcoin is because bitcoin is a currency that has a value that is constantly changing and volatile so that it has a big risk, the government is also worried if bitcoin will be used for crime

[nagato]

maybe because of a rational reason because they will take into account the steps of the brand to make regulations or restrictions ..

[Oduvan]

The government is most likely motivated by the fact that Bitcoin is associated with money laundering, drugs and terrorism.  But in fact, such bans are connected with the fact that states cannot control the decentralized system!

[Miftakhul2]

That is true,,
indeed the government prohibits bitcoin because the message is like that, for example if there is a strong regulation and security, the government will fully support ..

[Confero]

Yes right, the main reason for the government to ban Bitcoin is because Bitcoin is anonymous and decentralized. the government is afraid it can't control Bitcoin, so many countries ban Bitcoin. but I believe someday, many countries will accept bitcoin.

[elrozaqo]

The reason given by the governments pertaining to the ban of Bitcoin in some countries is that Bitcoin is anonymous and not regulated. With this, it is involved in a lot of illegal activities such as terrorism funding, drug trafficking, money laundering etc. But the question, was drug ttrafficking and terrorism funding not in existence even before the creation of Bitcoin in 2009?
The governments are only afraid that Bitcoin gives more power to the people as they get to control their own financial transactions.

The government afraid bitcoin can be used illegal activities. Because the government cannot cotroll bitcoin.

[212]

Each country naturally has different considerations regarding the prohibition of the use of the Bitcoin. And that is happening in my country, Bitcoin is strictly prohibited because the Government feared if things could be detrimental to the country. As it happens the money laundering or funding for terrorists.

[Seerge]

The government banned Bitcoin because the government is not ready with the technology possessed by Bitcoin, they are not ready if the people suddenly prefer Bitcoin rather than the fiat money in the country, and the Government that bans Bitcoin is afraid it cannot control the growth of bitcoin and what is feared will be massive inflation in the country.

[Taufiq-yy1]

The possibility of difficulty is the government to monitor the financial situation and situation of Bitcoin. On the other hand it could also be that criminals make transactions in Bitcoin so that they are not caught by the authorities.