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 my opinion the government banned exchanges not because they don't like the idea of earning additional income thru bitcoin but the fact that it can hide illegal transactions without any way to trace them. Chances are bitcoin can be a way so that corrupt officials can fulfill their illegal acts which government cannot control nor prevent. I think the idea of decentralization is a big issue why bitcoin as well as other alts will find their way to become a legal tender of the world.