Many countries are trying to stop bitcoin trading and they have banned cryptocurrency from the country. But why they are doing like this? Where people are going to rich by Bitcoin, They are getting huge benefit by its. Then why government trying to pull down Bitcoin? What is the main reason? Please share your thought.
Thank You
In one word fear, they are fearful, they are going to lose control of the population, governments have done a great effort to create a society in which they have most control of the activities of it, something like bitcoin threatens that, think about it, if someone came to you and asked to hand over your house will you do it? If the answer is no, then this is the same attitude governments have against bitcoin.