the government worries that if the crypto currency enters the economy of a country, the government will not be able to control it and can damage the exchange rate of the country's currency, and the transaction cannot be monitored whether it is for good activities or actions that violate the law and harm the country or someone
Cryptoncurrency are decentralised digital currency. Which means their are not under control of any kind of authority or government. And many government doesn't want anything in their country in which they have no control. Cryptocurrency mainly influence an country economy growth by directly affect their country share market. Irregularities in cryptocurrency production and distribution always negatively affects an country economy and cryptocurrency are volatile nature and this thing also affects an country economy. Cryptocurrency untraceable transaction is the main reason behind many criminal activities and for this reason many government ban it in their country. Due to cryptocurrency digital nature it does not pay any tax to the government and this thing also affects an country economy.
I agree with you!
The governments aka central bankers have a money printing machine which effectively keeps us all slaves and your not sure why they don't like crypto?
cryptocurrency is risk and it's a threat to the government because of the decentralized nature it was created for, regulations is only the solution to reduce such risk by the authority.