Cryptocurrency is the most popular terms nowadays. People like cryptocurrency so much. Many people are involving in the crypto world. Everyone wants to earn money from cryptocurrency. While people are liking cryptocurrency, Government does not like it at all. In some countries, the government banned the cryptocurrency. What is the reason behind this banned?
I think the answer to this question is obvious. Governments want to control the finances of their citizens. They seek total control and, of course, the way to legalize crypto will be very difficult .. In addition, fiat money is too sweet a cake for the banking system and they will not want to give it away.
That's not the only reason. The fact is that cryptocurrencies are not quite decentralized.Almost every cryptocurrency has "whales" that hold most of that cryptocurrency. Therefore, if they want, they will be able to make the financial situation in the state unstable and crisis.