cryptocurrencies are so good, so why are so many governments don’t like it?

[Jaephoenix]

Crypto is more or less a loose cannon: its good but can easily be converted into something bad. And of course, due to its decentralization and non control, some bad characters have used it for terrorism, drug business etc. And so central governments cannot touch it with long poles

[OptimusPrime]

Who told you some governments don't like cryptocurrency? They are only taking their time to to get use to the technology.  You really don't expect them to just jump into what anything they see

[Octoalts]

The government is afraid of not being able to control Cryptocurrency if they accept Cryptocurrency, decentralized Cryptocurrency is feared that it will be used for things that are not true for example money laundering.
Therefore many governments have not been able to accept this Crypto, but I believe in the future more and more countries will adopt Cryptocurrency as a legal payment tool. Because Cryptocurrency is a modern payment tool that is safe and easy.

[WhiskeyHoney]

Your question already has an answer.
Due to the fact that there are so many advantages in cryptocurrencies, governments do not want to allow cryptocurrencies in widespread use.

[Delgboke]

For me what I think the reason why the government don't want cryptocurrency is because it may disrupt the financial system and the government don't want the younger generation to have access to money they want us to totally depend on their own way of doing things.

[corr]

I think the government can tax crypto currencies. If you want to sell your crypto currency and withdraw money on the card, then when the money comes to your card, the bank will know where they came from. This way the government can charge you taxes. I will not say that the governments of many leading countries against crypto currencies and bitcoin. If they were against, they would be fighting against crypto currency. And we see the opposite of introducing different laws to adopt crypto currencies. We see how futures and options for bitcoin are traded on CME. I think crypto currencies are moving in the right direction and governments are too

[Prime]

Besides tax, I think it because of the status or legality of crypto. Crypto is still illegal in many countries and some governments don't allow it to use in their countries. They don't want to see the negative impacts of crypto on their citizens. And the governments probably don't know in detail about crypto.

[MUGNIA]

almost all countries disagree with crypto because of its decentralized nature where the government has difficulty controlling the rate of money coming in and going out, but if they apply with taxes they might be able to see the flow from which their money is,

[Delgboke]

In the reality of life, one of the reason why the government will never support cryptocurrency is because they don't want you to have access to money, especially the younger generation, the government want people to depend on them.

[Uina]

Crypto is decentralized so government wouldn't want something they can't control or something they won't be able to gain profit from. They won't be able to track every transaction and probably won't be able to tax it so they are against it.

[sturec22]

Governments love tracking us. They love earning more from our money, they love using our money. With the current cryptocurrencies it makes it harder for the governments to track our transaction, it is safer for us to transfer money. So they loose control which freaks them out.

[zendicator]

I think the reason is that, the government lacks knowledge about cryptocurrency, about its effect and use cases. 2nd, it is to avoid anonymous transactions that will be used by the drug cartel or syndicate or to avoid the anti money laundering law and lastly, they have so much faith in their fiat currency wich is back up by gold.

[sampoerna]

Simply, they may not want that their country has an unstable financial system. Moreover, the crypto holder is commonly free from the task, so they will not get the money from the crypto world. Many countries also have some issues with the crypto world such as negative issues about banning crypto, using crypto for money laundry, terrorist, drug transaction, and many others.

[Altcoin1998$]

Cryptocurrency are good and beneficial to invest but some government hate bitcoin because they don't get any fees or tax in bitcoin and Ethereum. Central Bank are hate bitcoin due to the money laundering. Some development countries stopped to use bitcoin due to unsocial activities.

[aiviaa485]

If there is no tax there is no equal distribution of other citizens who do not have income.
All countries must have taxpayers for the welfare of their people, so that is why cryptocurrency is adversely or disliked by the government.

Many other considerations are in addition to cryptocurrency, for example illegal fishing can also be opposed by the government because fishing is incorrect with the country's law.