Quote from: KennyR on January 19, 2020, 02:20:31 AM

Quote from: moviebuff777 on January 19, 2020, 12:31:48 AM

Governments want to us to spend the money they print and control. They also want to be able to tax it and track it as much as possible.

This is what happening with each and every country. The fear every government have is the usage of cryptocurrencies for illegal activities and darkweb needs. This means government believe that they can't be controlled and taxed. In simple terms, Government always want to profit out of the people's earning. Through cryptocurrency it isn't possible, and the same is the reason for governments threatening bitcoin.

The government could just implement a law about cryptocurrencies for the illegal activities around it. Cryptocurrency doesn't threatens the government because the government is so powerful that it could stop the activities using cryptocurrency in their area. Government are just being skeptical right now since they don't see a lot of interest in cryptocurrency but soon enough, we will witness a lot of institutions that are going to embrace the cryptocurrency.