Bitcoin: Why do most governments hate it?

in bitcoin •  3 years ago 

Can anyone make digital coins? I do not know. What is the mechanism for their circulation? And who's the guarantor?I don't know.

A pedestrian on a Cairo street says, echoing questions that many may have in mind. But what if it's governments that make these currencies? Maybe the verse will turn.

In general, most countries in the world deal aggressively with popular cryptocurrencies, such as Bitcoin and Ethereum.

Only El Salvador recognizes Bitcoin as an official currency, and the United States and Canada consider these currencies legal, while the rest either impose restrictions on their purchase and sale, such as Vietnam and Georgia, or operate on control laws such as Britain and the European Union, or prevent the decisive handling of such currencies as China and Bangladesh.

Most Arab countries belong to this latter category, including Iraq, Qatar, Oman, Morocco, Algeria and Tunisia, while Egypt has not only banned digital currencies, but al-Azhar Mosque has decreed that it is forbidden.
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