Governments oppose cryptocurrencies (and the adoption of cryptocurrencies), because they resent anything that can escape their gaze and control. Governments claim that they want to control cryptos to prevent money laundering and the actions of people who want to use cryptocurrencies for criminal purposes, but they know very well that fiat money (which they themselves issue), is what is used more for such purposes. In fact, if we talk about percentages, governments are well aware of the fact that fiat money is used by the criminals in more than 95% of cases for such criminal purposes.
So who are they kidding? All this tells us is that governments just want their piece of the cake from crypto, so they want and need to control it and then limit it and limit those who use it, just as they limit and restrict those who use fiat money. Governments want to tax the use of cryptocurrencies with taxes, without understanding that part of the attraction of cryptocurrencies is precisely being able to transfer without mediation, obstacles, or absurd taxes. Unfortunately for them, they will not be able against crypto due to its nature that, despite time, they still do not fully understand (at least the majority of governments do not understand it yet).
Of course, there are also some governments understanding that they will not be able to limit or regulate cryptocurrencies, so they simply prohibit them by making them "illegal" according to their specific legal frameworks, but they will not be successful in this task either, because as I always say, people use cryptocurrencies despite the governments, not thanks to the governments.
Therefore at the end of the day, and despite all their efforts, all governments will fail to try to control, limit and / or ban cryptocurrencies, because crypto is here to stay, and that is a reality.
Good post. Thanks for sharing. Greetings.
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