as we know, many governments in the world are banning bitcoins and here I have my own why the government want to kill Bitcoin, because I think Bitcoin can be used for terrorist financing, money laundering, illegal weapons purchases, crime and tax evasion. therefore the government forbids Bitcoin, because Bitcoin transactions are difficult to trace so it is only natural for me if the government is very worried about Bitcoin and many country banning (block) Bitcoin.
but this is just my opinion, so if I am wrong I apologize.
Thank You.
Yes you are completely right. But I think there are some more reasons like:
1. The banks and other financial institutions will lose their share in the market as cryptocurrencies establishes a direct contact between the users.
2. The government will lose its control from the financial sector of the country.
3. In addition to money laundering and terrorism acts, cybercrimes are also increasing as they provide a way for exchanging advances of cybercrimes.