Topic: Government and Bitcoin - page 29. (Read 5800 times)
for me we do not need recognition from the government at all. We can make this community bigger and bigger everyday by ourselves without depending on the government.why not make sense because the price is fantastic and the increase is quite high. It may be too dangerous for a country's economy.
really, there are some countries that have banned the release of bitcoin, and some even prohibit it. it's because bitcoin is often used for crime or criminals, such as drug trafficking, and others. they use bitcoin because the transfer is very easy and fast.
Well, and it will never trust in the future too. Governments are greedy for the control and thus they will never allow anything that can cause the threat to their ambition of controlling every aspect of our life. 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.
Why, until now, government all over the world still doesn't trust bitcoin?
In my country, the bitcoin is now becoming more popular after the government fully legalized bitcoin. I know that many citizen in my country will buy and use bitcoin because they know that they freely to use and they are safe to use bitcoins. Our government created regulations about virtual currency to protect its citizens. Why, until now, government all over the world still doesn't trust bitcoin?
In my country, the bitcoin is now becoming more popular after the government fully legalized bitcoin. I know that many citizen in my country will buy and use bitcoin because they know that they freely to use and they are safe to use bitcoins. Our government created regulations about virtual currency to protect its citizens.
If more and more people use Bitcoin, the network of this currency will be expanded. However, it will also change the way people view it, as it is now seen as a tool for drug traffickers and money launderers. So accepting this currency around the world means that it will cause problems for corrupt officials.
The government's want their money and they will do everything to make sure they get it.And in the end there is actualy no reason for me to want it in cash besides evading tax.If I want a car why not just transfer the money for example? And besides if I want to buy a car above 10.000,car companies are lawfully obliged to report that with the government. Because who in their right mind would walk around with 10 grand cash to buy a car?.I already knew how it worked a bit before I tried to get my cash,but I didn't expect to get the: "so you want to try and evade tax you little bitch" treatment.
Why, until now, government all over the world still doesn't trust bitcoin?
Maybe because bitcoin is anonymous and government cannot regulate bitcoin that is why lot still dont legalize bitcoin. Hopefully in the near time many countries will legalize bitcoin because it is one means of generating revenue when it is being taxed and its a big help to the economy. Lot of people now are engage with it so high possibility of higher percentage of revenue is being collected. Why, until now, government all over the world still doesn't trust bitcoin?
I think government can't accept or trust bitcoin becayse it is still new or developing there are lot of things to improve or polish to avoid unnecessary things. And the reason why they are afraid that bitcoin will replace the old system like central banks and government don't have any benefits can get on this system because it is decentralized no one can manipulate or control it.
The reason the government does not trust Bitcoin is because the Government still trusts Fiat currency, because fiat currency has value, while digital currency has a value that is up and down and unstable.
This topic is 3 years old. I think that it will take at least another 5-7 years and the situation will not change. Governments will try to restrict and regulate cryptocurrencies in a variety of ways.
First of all, it's "green" marketplace, and there is no regulation right now. It is liquid very much and it is difficult to handle with it.
And of course, governments is afraid of anonymity, that is why, they are doing as they can to remove that anonymity. Bank system is very useful for government, but not for consumers, that is why, it will take some time to get used to blockchain, in general, and set up it for government requirements.
And of course, governments is afraid of anonymity, that is why, they are doing as they can to remove that anonymity. Bank system is very useful for government, but not for consumers, that is why, it will take some time to get used to blockchain, in general, and set up it for government requirements.
The real question is, who cares? And why does it even matter?
Cryptocurrency wasn't created to gain government and bank approval.
It was created to liberate us from said institutions.
Cryptocurrency wasn't created to gain government and bank approval.
It was created to liberate us from said institutions.
Government will always want to control any institution and any institution that government can not control they will destroy such. Bitcoin is decentralized and can not compromise that.
Why, until now, government all over the world still doesn't trust bitcoin?
One of the main reason could be because bitcoin is a decentralized currency , which means that not a single person or goverment can control it, this means that if the goverment cant control it, then the goverment wont deal with it since it gives them no benefit.
Yes, one of the feature of bitcoin is its being decentralized which means nobody control it even the government. I think it is one of the reasons why the government do not want to fully legalized the bitcoin.
Why, until now, government all over the world still doesn't trust bitcoin?
Since it can be a great destruction of the economy of a country or government, so long and do not introduce them officially in many countries, I think it is because of this. 
I think with the rapid development of technology, the existence of Bitcoin must be widened. Born in 2009, changes in digital currency technology that Blockchain this continues to evolve, "he explained.
he pointed out that one of the largest entertainment companies in Japan, which DMM directly respond to use Bitcoin for the transaction of products and services. not only Japan, Luxemburg some time afterwards has legalized one of the giant Bitcoin exchanges named Bitstamp to operate in Europe.
he further said Britain was not behind, by the end of the year agreeing to spend $ 14.6 million to build a special research institute focused on the development of digital currencies because the country is believed to be Bitcoin technologypredictably will revolutionize the world, just like the internet.Secretary General of the Association of Digital Entrepreneurs of this government suggests that entrepreneurs and the government should not hesitate or worried about using Bitcoin. The reason is because basically Bitcoin can be studied and applied technology to support work system efficiency.
"We look at the existing regulations in Japan and the UK, BitLicense appears to help KYC regulatory enterprises (Know Your Customer) and anti money laundering in business
he pointed out that one of the largest entertainment companies in Japan, which DMM directly respond to use Bitcoin for the transaction of products and services. not only Japan, Luxemburg some time afterwards has legalized one of the giant Bitcoin exchanges named Bitstamp to operate in Europe.
he further said Britain was not behind, by the end of the year agreeing to spend $ 14.6 million to build a special research institute focused on the development of digital currencies because the country is believed to be Bitcoin technologypredictably will revolutionize the world, just like the internet.Secretary General of the Association of Digital Entrepreneurs of this government suggests that entrepreneurs and the government should not hesitate or worried about using Bitcoin. The reason is because basically Bitcoin can be studied and applied technology to support work system efficiency.
"We look at the existing regulations in Japan and the UK, BitLicense appears to help KYC regulatory enterprises (Know Your Customer) and anti money laundering in business
I bet they trust it, they just don't want to endorse or tell to the people that bitcoin and other crypto is good. why? because they are the one who will be blame if the system didn't go as what it is planned. Besides there a lot of ICO that ended in negative feedback than those who got it right. So If you are one who want to invest in crypto, better trust mb8coin. It partnered in different famous hotel and travel agency which process all those rewards points given to customer who reach a certain level of commitment in the service of those company.
Governments may fear Bitcoin because its value is determined by users and not central governments or banks.
I think because bitcoin is unknown to its creator, no one is responsible for bitcoin, has no regulation and rules, very fluctuating bitcoin values so at risk of loss, bitcoin is anonymous, and bitcoin is widely used for criminals. maybe this is some reason the country / government does not trust bitcoin.
You really believe in the ananimity of bitcoin accounts, as long as it is imaginary and there are ways to establish who and when used this account, and if the account is put under monitoring, it is easy to find its owner. tembolee now many themselves reveal data passing KYC. Jump to: