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?
Lack of central authority is the main reason why government still not accepting cryptocurrency... They cant control all the transactions that are happening on blockchain.. Additional to this, they cant charge taxes on it.. Government can controls fiat currencies while bitcoin cant.. Government can dictate fiat currencies transactions while bitcoin/cryptocurrency cant.. Government can track criminial activities but not with blockchain.. Maybe this are only some reasons why government banned crypto...