Post
Topic
Board Bitcoin Discussion
Re: Why are some government scared of Bitcoin?
by
Derrickiell
on 09/12/2022, 02:25:22 UTC
Bitcoin is a decentralized currency that does not depend on the government and poses a certain threat to government power. Banks and governments have no control over Bitcoin, no more control over people's money.
Bitcoin’s anonymous letters also have governments fearing it could be used for illicit activities and help increase crime. This is why governments don't like Bitcoin.