Topic: Government and Bitcoin - page 31. (Read 5762 times)
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.
Experts expect a conservative approach-bitcoin is not equated to money 
are two divergents
The reason for the cautious attitude towards the crypto currency is its anonymity. It is not tied to any state of the world and to any bank. There is no one to bear responsibility in case of its collapse or fraudulent operations. Anonymity provides food for terrorism, corruption, illegal financial turnover.
Why, until now, government all over the world still doesn't trust bitcoin?
I think many bitcoin traders are scared with the government because I think the government can and powerful to destroy bitcoin prices by giving some bad news that makes bitcoin to collapse.
The battle between Bitcoin and government has lasted for so long and it continues as there are attempts by the governments to control the free and independent Bitcoin, Most governments are yet to give it green light, but some have moved ahead to give it the green light
government and bitcoin are interconnected, because bitcoin is highly dependent on the government, if the government approves the existence of bitcoin, bitcoin will be able to develop
I think, many government of the world think BTC may destroy their conventional currency. They treat the BTC as a threat for their currency. Beside these BTC also have to long way to go. Its yet not matured enough. With the passage of time BTC will be more matured and many multinational companies and as well as government begin to accept BITCOIN.
Bitcoin is very scary and threat to every country base on my research they say Bitcoin claims that “It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.” That lack of central authority is the primary reason governments are afraid of the cryptocurrency. To understand this fear, it is important to know a little bit about governments and conventional currencies. Thats why it is not easy for them to let it happen.
Bitcoin and other competing currencies are their competition. Thus, they hate cryptos.
1. Governments have not done their homework for last 9 years. They have not studied the crypto technologies properly (or should I say, they don't have anyone who understands bitcoin and crypto technology.
2. Bitcoin has high fluctuations. The governments want citizens to be saved from losses. Not sure if they are talking about their losses
3. Bitcoin takes away the power from the Central banks, as they are decentralized. Governments don't work on this model
4. There will be no scam if bitcoin comes in Governments will not be able to do any miss appropriation of funds.
5. We are still living in a pseudo-economy, where all the big numbers provided by the government are questionable. If bitcoin comes in there will be no chance for them.
2. Bitcoin has high fluctuations. The governments want citizens to be saved from losses. Not sure if they are talking about their losses
3. Bitcoin takes away the power from the Central banks, as they are decentralized. Governments don't work on this model
4. There will be no scam if bitcoin comes in
Governments will not be able to do any miss appropriation of funds.5. We are still living in a pseudo-economy, where all the big numbers provided by the government are questionable. If bitcoin comes in there will be no chance for them.
Why, until now, government all over the world still doesn't trust bitcoin?
given that bitcoin can be used as a means of money laundering and other forbidden transactions so that the government believes bitcoin could endanger the country's security and economy.
Many governments likes bitcoin because see on it their future, in other cases governments with problems used to ban bitcoin because they losing money, influence ,etc.
maybe the government just wants to protect the community if people are not too familiar with bitcoin can harm someone in his finances. one of the best paths may be that bitcoin should rely on government to allow government to also control bitcoin openly for its people.
Because this decentralized currency could be a potential risk to the global financial stability if this becomes a significant means of payment while it remains unstable. Government is also concerned with legal security and law enforcement issues due to its nature. It could easily be used to facilitate criminal transactions and to evade taxes.
Why, until now, government all over the world still doesn't trust bitcoin?
I think not all government against in bitcoin. Maybe some government are just being careful because of the investment due to scamming issues which lead the government doesn't trust bitcoin and they are preventing their people to invest in it. Also, some government has its own reason why didn't they using it.
Why leaving els coin after we trust you
Why, until now, government all over the world still doesn't trust bitcoin?
Cause the government taking care his people from all scammers cause some people using name of bitcoin for bad intentions. Many of the investors not taking a seminar or training in how to invest in bitcoin. I think this is one reason why government did not trust in bitcoin.
Why, until now, government all over the world still doesn't trust bitcoin?
I think it is not about trust. It is just hard for them to accept things that they cannot control and they cannot monitor the ins and outs specially big amounts of money from bad people. Money laundering to be exact
Some government has its own reason why they still dont trust bitcoin.Bitcoin is anonymous and government cannot regulate bitcoin that is why lot still dont legalize bitcoin.In the near future many countries will legalize bitcoin because it is one means of generating revenue and taxes.
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