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
There are two basic reason, it might possibly be the threat of crypto to countries economy. Coins were being used for transaction even the illegal one. It becomes threat because the rate of unwanted activities are increasing. They stop it because many people are also lossing money because of scams. Another reason would be, government is not getting any benifit from it. If thet dont get anything from it, then they wont recognize it.