Topic: Bitcoin and governments - page 5. (Read 2495 times)
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Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
They don't legalize the cryptocurrencies because they see a threat in bitcoin or any cryptocurrencies like it can surpass all the old strategies that they are using on their country to distribute their services and they also think that it will affect their income because if the people will use cryptocurrencies then the user of the fiat will decrease and it will lead for a huge loss for their overall country income. Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
Many reason why goverments not use cryptocurrencies, goverment can implement blockchain as a solution but not for cryptocurrencies.
it is very difficult to say whether cryptocurrency affects the economy of the country or not, the fact is cryptocurrency can affect its citizens
There are lots of reasons why the government does not support Bitcoin. First, it is decentralized. No one has a control over it. Second, even the criminals and terrorists can use Bitcoin. The government does not want to encourage it. Lastly, Bitcoin has high risk in using it. The government is still studying if it is beneficial if they will accept it. There are still lots of reasons.
you've got pretty loose arguments there; the dollar, euro, whatever, can be used by drug dealers, terrorists, you name it. does the fact that terrorists might be using the euro as their currency cause governments to shun the euro? pretty sure they don't. and you fail to state exactly why using bitcoin is so 'risky.' you provided a statement, now back it up. I'll agree that governments are studying bitcoin and related technologies though, weather or not they will accept it after said studies are complete are an entirely other matter though. 
If implemented it can somehow change the economy and that is just for the start.
If it is completed and be a part of the daily lifestyle of people it will grow more and might make a big impact with the economy of the country.
Just looking at what technology had done. Almost all people are leaning thru the internet and want everything to be dealt online. Bitcoin is for that purpose.
If it is completed and be a part of the daily lifestyle of people it will grow more and might make a big impact with the economy of the country.
Just looking at what technology had done. Almost all people are leaning thru the internet and want everything to be dealt online. Bitcoin is for that purpose.
Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
Not all of the Governments are not accepting or making bitcoin as their currency, Japan already make bitcoin as their currency, so it is not impossible anymore for the other country to make it happen also. Bitcoin ETF must be approved by the SEC first I think before all of the countries making bitcoin as their official money.
Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
How can the government do that, if bitcoin or cryptocurrencies are decentralized, we all know government in each is country are centralized. Therefore, for making it officialize that won't be happen as long as it is decentralize. Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
Can't seem to comprehend how this two different body may worked together except for those country's with such great governments and discipline people from Japan. But I don't think it suits to the other part of the world as corruption rate is high and the people are not law abiding citizens.
Bitcoin is the most popular investment for now, everyone hunt and buy bitcoin, marketcap cryptocurrency has raised more than $150 M and I think the governments must accept bitcoin as legal second payment.
Is the market cap really $150,000,000,000?! I remember when we were waiting for it to be just $1,000,000,000 years ago. Oh, how things have changed. hahaha
industries I guess we cant stop things to happen but we always have a chance to go along with any changes.
there are some countries where the government has regulated bitcoin, but most governments do not regulate bitcoin because it is difficult in their supervision and many issues must be studied for the government, especially from taxation and security guarantees of customers' money in bitcoin that is why many countries have not regulated bitcoin although in fact in terms of the economy can create a better economy for the government
i think, if the governments will use the cryptocurrencies they must have strong security against hackers who might try to visit them. and that is not easily like as we thinking about.
I for one think that the government may not be really that inclined to pass a bill or law legalizing the use of cryptocurrency in the jurisdictions.
One of the reason why they dont want this to happen is that theyll lose the power to monitor the exchange happening to cryptocurrency...
We cant deny the fact that governments around the world would always want to have their eyes on any transactions happening in thier countries especially if it is related to money.
Politicians may now also start to hoard some bitcoins for themselves but not totally informing the public what is happening with cryptocurrency nowadays...
Knowledge with cryptocurrency can also make someone selfish....
One of the reason why they dont want this to happen is that theyll lose the power to monitor the exchange happening to cryptocurrency...
We cant deny the fact that governments around the world would always want to have their eyes on any transactions happening in thier countries especially if it is related to money.
Politicians may now also start to hoard some bitcoins for themselves but not totally informing the public what is happening with cryptocurrency nowadays...
Knowledge with cryptocurrency can also make someone selfish....
Bitcoin is the most popular investment for now, everyone hunt and buy bitcoin, marketcap cryptocurrency has raised more than $150 M and I think the governments must accept bitcoin as legal second payment.
Is the market cap really $150,000,000,000?! I remember when we were waiting for it to be just $1,000,000,000 years ago. Oh, how things have changed. hahaha
Bitcoin is the most popular investment for now, everyone hunt and buy bitcoin, marketcap cryptocurrency has raised more than $150 M and I think the governments must accept bitcoin as legal second payment.
Is the market cap really $150,000,000,000?! I remember when we were waiting for it to be just $1,000,000,000 years ago. Oh, how things have changed. hahaha
Bitcoin is the most popular investment for now, everyone hunt and buy bitcoin, marketcap cryptocurrency has raised more than $150 M and I think the governments must accept bitcoin as legal second payment.
For me I think cryptocurrencies has huge effect and it help economy in the country because it bring more money from outside the country, government should recognized this currencies and make some rules and regulation to have shares of it.
I think it's better that the government does not authorize bitcoin in payments in the country because it affects the native currency in any country.it's better if bitcoin is just an alternative payment but does not break the rules.
Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
I think the government does not legalize crypto because of its unstable price, but it also has decentral crypto where the government can not regulate price, volume, etc. Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?
Governments' most favorite dish is TAX. As far as they won't be having anything from crypto currenct transactions, they won't be willing to support / promote it.
To compare between Bitcoin and the government, one thing is to say the government does not like Bitcoin.The government does not want the digital currency people to use.The government does not get huge amount of VAT on digital currency transaction.
I think the government needs tax once if people are paying taxes on time then immediately governments will accept Bitcoin as a legal currency. See how Japan and Australia have legalized Bitcoin as a payment method in their country because they don't want to loose on people usage.
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