They fear bitcoin because it is a threat to the banking system. BTW, Bitcoin is not for the feint of heart.

because each government shave two things. the first - the absence of opportunities to regulate money turnover. this is a problem for the state, money Institute of one of the most important for the formation of cash relationships within the state. the second - fear the use of technology blockchain. this is a real danger, because many things in the state will be without fraud. possibility of corruption - is that what are in the power of

bad my head))) I just forgot. if specifically about India, then they have a lot of cтpaзoв about money population. if you know, it is in India a lot of cash that are not subject to taxes. a lot forged money. and I think the government of India very scared that money turnover quite will come out of their control. therefore complicate the situation in the country.

because bitcoin being decentralized and out of their reach and control is ruining all of the plans that they had been running. bitcoin is giving the people an option to get out of the control of the government and the evil banking system of India and they don't want to let it happen.

and the funny thing is that the more they talk negative about bitcoin and increase their threats, the more people go and invest in bitcoin in India. if you check the price of bitcoin there you can see it is ridiculously higher. the other day it nearly reached $20,000

soon we will have bitcoin whales coming from India alone.

Its a normal warning formally given by any government about new economic schemes or currencies.Bitcoin is decentralized too and pseudo anonymous.So,we could easily understand government's concern over allowing such new currencies.it is volatile too.They have the duty to protect every citizen from any scams.

Wel, as we know bitcoin has advantages and disadvantages. It is used by government as reference to prove it dangerous and not to invest in there. The only most disadvantage that make government to do that is the high risk of investment

Probably what they fear is because bitcoin/cryptocurrencies are decentralized, and they don't have the power to control it. Normally, the government would fear for something that is beneficial to the community, continually growing positively, and they can't control. I guess their strategy is to manipulate the people, who majority doesn't know that much about cryptocurrency, by saying that it's dangerous to them. It can be easy for them, unless someone would educate them.

I believe so.Bitcoin can really attract an individual's heart and mind not just of its being decentralized,but the high price itself wherein people are really looking forward to learn how to earn and use bitcoin.With this,the government might fear that people will no longer patronize their own currency and start to evade taxes since bitcoin is tax-free.But that is too far to be possible because most of the establishments today still prefer to accept fiat currency than paying with bitcoin,although some shops are accepting it already.

You got the original reason. Me also think it should be the reason. Otherwise why they’re trying to stop us?

Because the government is just cautious and only wants to protect the interest of their people that bitcoin might be a big scam.