Yesterday I red article regarding digital currency. The article aim to discourage us in using digital currency as these currency is not recognize by our country moneytary institution. What do you think is the reason why some goverment are discouraging its citizen to use digital currency? Any thoughts.....
Simply because they cannot control digital currencies, that's why. You can't blame your country though because it's known that btc is widely used in illegal activities such as money laundering and drugs trading. And of course for the monetary institution their main concern is not the laundering though maybe a little. Obviously if digital currencies like btc become rampant in your country they will lose huge amount from taxes.