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 think that philipines couples want to use bitcoin to manipulating people that dont understand about bitcoin. I think its nothing to do with bitcoin because they create their own scheme and selling it to people that dont understand about cryptocurrency and cryptomarket.
Its happen not only in philipines but happen in my country too.