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
They see it as illegal. Because they can't charge it with tax. That's is the main reason why the government in.other country are banning bitcoin. All they think is how to take people's money. They think that public service will make their pockets full of money. So, if they can't charge tax bitcoin. Therefore they will just ban it so they don't need to worry about it.