One of the Major Reasons why some Government sees Bitcoin as a threat to their country is because people might use it as an opportunity against some other people who wanted to earn and make a living. Just recently in the Philippines a couple was arrested because of scam, they uses a pyramid scheme and baited people to invest via electronic money. It started when Bitcoin is at its hype, giving them the chance to use it as front.
For our safety and security, please read this article and be aware.
https://www.rappler.com/nation/199915-filipino-couple-amasses-millions-bitcoin-scamHope this could help everyone and let us be cautious. Earning money is not that easy as what other think of it. It requires patience, dedication, determination and focus to reach your goal.
I also heard this story on bitcoin.com and I was shocked to see that there were such large amount of people fallen in their trap and they had made a fortune from scamming in bitcoins, it was said that they made more than 1 billion in the local currency by scamming. It's hard to believe that people fall in such traps and that's the main reason that governments are banning bitcoin around the world as the people use bitcoin as a means to scam people and media also make false impression if bitcoin as a bad thing that is used in illicit activities, so now people are running away from bitcoin in order to save themselves from these kind of scams.