Why governments ban Bitcoin?

[Domithra]

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.

[TripleVodka]

But the question, was drug ttrafficking and terrorism funding not in existence even before the creation of Bitcoin in 2009?

This illegal transaction/activity is exist before Bitcoin created, the reason of government banned Bitcoin is like what you say, government don't wanna if that activity become easier because they use Bitcoin, because we can't track the transaction history. But in my opinion, though without bitcoin they can do a illegal activity as like you say, so this is isn't good reason to banned bitcoin, even if we can use bitcoin with good, we can get the something big or good impact.
I hope the government can legalize bitcoin, because this can make us become easier to use bitcoin and can make it to be our part time job.

[wildanmr]

But the question, was drug ttrafficking and terrorism funding not in existence even before the creation of Bitcoin in 2009?

This illegal transaction/activity is exist before Bitcoin created.

I agree with you man. Illegal activity exist before Bitcoin created. Don't fully blame Bitcoin to those reason.
I think government still consider Bitcoin to legalize. Many factor such as huge fluctuative price. And I think, many bank feel threated by present of Bitcoin.

[Bram Manis]

I think this happens because the value of bitcoin itself is not stable and sure. but always moving and changing. and this sort of thing will certainly be difficult. In addition, the Government doesn't support for its centralized so there is no Government of interfering in it. and this feared would provoke the existence of an individual monopoly.

[dekafee79]

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 bans bitcoin, because they want to keep their national currency and the government cannit controll bitcoin over.

[Shahinaz]

one thing that is natural if the state is afraid of the existence of bitcoin, what else is bitcoin type of virtual money that is difficult to control, but the possibility if bitcoin or other crypto money is legalized the state can regulate the growth rate of crypto money itself

[KaptenCacing]

yep happened on my country
my goverment banning bitcoin
they affraid bitcoin used by evil peoples to do ilegal things

[Bolasodok86]

it is absolutely true that the government is very afraid of bitcoin for all these reasons, even though before the creation of bitcoin there were already terrorists, but I think with the existence of bitcoin it will be easier for terrorists to conduct transactions.

[verifyme]

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. On the other hand also economic problems, surely it will affect a country's economy because of the impact of Bitcoin. And many more reasons for the government to challenge Bitcoin.

[Lucky Stone]

I actually understand the Government's attitude towards such on bitcoin. because the Government viewed from many sides, many viewpoints, in suitable conditions, the human resources, infrastructure. because of the bitcoin needs some aspects to be accessible, especially with its centralized so as to make the Government think twice.

[Octoalts]

I don't know the reason the government banned Bitcoin, but in my opinion it is because Bitcoin is difficult to control and the government is afraid that this will disrupt the country's economy, or it could be said the government is afraid of inflation because people are investing more in Bitcoin and finally making money abundant. the second is because of the fluctuating price of Bitcoin, irregular ups and downs. this is also what might be the reason for the government to ban Bitcoin.

[wanggober]

I agree with what you say, drug smuggling and terrorism funding existed before the advent of Bitcoin, and the government is very afraid of Bitcoin if you know bitcoin, it is feared that crime rates will increase by conducting transactions with bitcoins that the government cannot track

[Master107]

Government can cover up the truth and release to the citizens the lies that looks like real. Before the creation of bitcoin drugs existed already. Terrorist attacked other countries and killed some people. That happened without bitcoin. Here comes the launching of bitcoin and till now government reason out that because it is use in illegal activities.

[de_prof]

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 cannot controll bitcoin over, It ' s the reason why government ban bitcoin. They are afraid bitcoin be used illegal activities.

[gribble]

the reason the government prohibits bitcoin is because I think. because the value of bitcoin prices is too unstable and the government cannot control bitcoin. maybe the inj is the reason for the government to ban bitcoin because they are afraid that bitcoin will be used as an ile activity