Topic: Government and Bitcoin - page 10. (Read 5779 times)
Government and Bitcoin; this is a great challenge for bitcoin because so many Government are not in good tune with the bitcoin because the are not in good support withbitcoin
perhaps the government does not want the existing financial system to become unstable. or the government does not yet have the proper regulation to accept bitcoin. clearly this is the latest technology in the digital currency system and in the future the government should accept this, as I am sure will be many people who use bitcoin.
Human always had a hrd time believing and trusting their funds to a something new, plus the people are really lazy to dig deep in understanding crypto!
In terms of monetary people will not trust immediately unless they might see proof that their funds are in good hands, bitcoin is anonymous you should find hard time to convince leader to believe in crypto currency, but for a country who knows and always think out of the box rather than traditional way welcome bitcoin. 
Human always had a hrd time believing and trusting their funds to a something new, plus the people are really lazy to dig deep in understanding crypto!
Why, until now, government all over the world still doesn't trust bitcoin?
I think not because of trust, but because the government has paper money and of course they will protect the paper money. The government will not allow the fiat money lost due to bitcoin.
Why, until now, government all over the world still doesn't trust bitcoin?
The government can not trust a currency with which you can not take a piece for yourself) Any rumors about insecurity about cryptocurrency, about that it is used for criminal purposes and so on will spread. But if it turns out to tax, then it will immediately become an everyday routine. 
For the shadow market, it is interesting as long as it can be cashed in dollars. To cash out, investors need to be ready to sell these dollars. While the bitcoin rate is growing for investors, it is attractive, but it will stop and the crypto currency will collapse. Investors will start withdrawing their money, and drug lords will not be able to get their dollars. Bitcoin is not a full-fledged currency, but a means of earning dollars. the state understands all these problems, so they are afraid to introduce the crypt as a currency
Why, until now, government all over the world still doesn't trust bitcoin?
Because of its anonimity that is why government doesnt trust bitcoin.. anybody could use bitcoin in any way they can be it legally or not.. but actually any kind of currency could be use illegally but government doesnt have the control to bitcoin because it is decentralized so they dont fully trust bitcoin..
I think Because bitcoin is virtual, not real. Or because bitcoin price is not stable can be going up or down anytime. Many people can't trust bitcoin too. Maybe in the future they can trust bitcoin. 
Your government is against bitcoin. There are certain reasons for this. The most important is the commission and interruptions. Money transfers in Crypto exchange are both fast and cheap.
for me ahe government and the bitcoin are always compared, because there is a lot of news that the government is banning bitcoin in some countries,Bitcoin is based on a blockchain technology which relies on the principle of decentralization and it takes away the power from centralized authorities and transfers it to the users and hence government don't want that to happen.
Bitcoin and government are two bodies,some government of some nation have already accepted the bitcoin as there means of transaction while some didn't accept it,but very soon every government will see the values in bitcoin and make use of it
The government does have a power that is very influential on the circulation of Bitcoin so that there are currently some governments that support the circulation of Bitcoin and some are prohibiting the full circulation of bitcoin. The government does have that power because in the law the government is required to take a decision in favor of its citizens. Most people are frightened when using Bitcoin, they think that bitcoin volatility will greatly impact later on. 
To my mind, the main reason that the government has against the bitcoin is its ability to be used anonymously and for some illegal purposes like money laundering which is why they want to issue some limitations in order to control this industry.
I personally think that the government of the states will not take bitcoin in great measure. government is not able to trust Bitcoin and that is why they are not supporting it and are banning Bitcoin in their respective countries. lot of people in government do not trust in bitcoin because they are still fully knowledgeable about it.
The government and Bitcoin at this time still can not be united if the government still does not want to acknowledge bitcoin, although people have been using bitcoin the government still can not receive bitcoin with happy reasons.
Bitcoin and government are two bodies,some government of some nation have already accepted the bitcoin as there means of transaction while some didn't accept it,but very soon every government will see the values in bitcoin and make use of it
Bitcoin is a decentralized currency, which means that no one person or government can control it. And if all people use a decentralized currency, then why the state? It simply will not be able to control people (Contain the army, medetsinu) People will have their own money, and people will begin to understand that they will do well without the state.
I think the reason the government has not inaugurated the existence of bitcoin in full is the concern that arises when the local currency gets left behind after the majority of the population use bitcoin as a means of future transactions.
The government of many countries announced the validity of Bitcoin. Many people are now heading towards Bitcoin. The big political parties of many countries are moving forward towards Bitcoin. But there are some countries in which the government declared Bitcoin illegal in the country. The government of every country should announce the validity of the Bitcoin.
I think why some government does not still trust bitcoin because they think that the bitcoin cannot help their country. Government is also concerned with legal security and law enforcement issues due to its nature.
Jump to: