Government and Bitcoin - page 33. | Bitcointalksearch.org

dificanovi

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Quote from: bitcoinpiece on April 23, 2015, 12:37:45 AM

Why, until now, government all over the world still doesn't trust bitcoin?

at the moment there are still many governments who are unsure of bitcoin. from the information I got that the government does not believe in bitcoin because they think bitcoin is where criminals deal to buy weapons, buy drugs, and money laundering. other than that the government does not believe in bitcoin because transactions that occur can not be in the know person who sends and people who receive bitcoin.

Helex

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I think indian government does not trust on bitcoin.he think that the bitcoin will damage their system so we can say that relation between india government and bitcoin is not so good.

Dod Ong

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Quote from: bitcoinpiece on April 23, 2015, 12:37:45 AM

Why, until now, government all over the world still doesn't trust bitcoin?

I think why some government does not still trust bitcoin because they think that the bitcoin cannot help their country. But the bitcoin can. If they use bitcoin I think their economy becoming grow because the bitcoin is very powerful. I think if all government all over the world use bitcoin, no one people is poor.

patrickj

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Government and Bitcoin commendable blend yet at the same time government have risk of Bitcoin. Actually government need to gather expense to produce the income upon each exchange of the Bitcoin yet at the same time government neglect to work Bitcoin,maybe in future discover way and authorize Bitcoin and Bitcoin will worked in government cautiousness.

jake zyrus

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Quote from: bitcoinpiece on April 23, 2015, 12:37:45 AM

Why, until now, government all over the world still doesn't trust bitcoin?

It is a tough battle to convince everyone that bitcoin should be trusted and treated properly as a currency and as an asset. Fortunately, some countries are on our side for this quest to improve our monetary system. South Korea and Japan are one of the friendliest countries for cryptocurrency and I hope more nations will also see this opportunity and won't waste this chance.

Shiversnow

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Quote from: bitcoinpiece on April 23, 2015, 12:37:45 AM

Why, until now, government all over the world still doesn't trust bitcoin?

Not all government disagrees with the ways of bitcoin like Japan and Singapore. The government just fears that bitcoin will be used in the wrong intentions. But overall, bitcoin helps the economy to grow more. We still need to gain the trust of the governments so that our progress won't be slowed down. Bitcoin aims to change our financial system and to do it, we need to be recognized as true and working industry.

Anies_Sandi

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Quote from: bitcoinpiece on April 23, 2015, 12:37:45 AM

Why, until now, government all over the world still doesn't trust bitcoin?

they may be afraid, because bitcoin is a very high risk, so the government is afraid if the country suffered a big loss.

Baby Dragon

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Quote from: bitcoinpiece on April 23, 2015, 12:37:45 AM

Why, until now, government all over the world still doesn't trust bitcoin?

It is in the human nature to disagree or even afraid to something new, something that they don't fully understand. Some government don't see the picture we can see in bitcoin so they don't trust the potential of cryptocurrency to the economy. Most of the time, they think that bitcoin will just ruin it but the real objective of bitcoin is to provide the public a choice, a freedom in transactions.

elpsycongro

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Because bitcoin is really dangerous enough. Unfortunately, crypto currency is used for illegal actions because of anonymity!

mrben77

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Today, bitcoin can be considered as an advertisement for block-technology. Agree, when all the headlines of the publications speak about bitkoin, willingly or unwillingly you start to be interested in this topic. ... Today, the Crypto currency is one of the most cited topics in the media space, central banks and governments of different countries are beginning to think about the pros and cons of crypto-currencies, which allows to state that advertising works.

teejayrichard2

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it is not like government does not trust bitcoin, they fear the ideology of bitcoin taking over fiat currency and since bitcoin is decentralized meaning they can't control it, they (government ) fear it. Government will never support anything they don't have control over

Kisanaq

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Various government banned bitcoin, they think that bitcoin is a threat with the reason for illegal transactions, increasing corruption and sebaainya, I think with the fact that users continue to increase then the government should be concerned and immediately make the regulation.

liseff3

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The rising bitcoin value, making the popularity of digital currency or cryptocurrency also hoisted up and became a global public concern, especially among investors and financial market players to economists. However amid rising popularity of a bitcoin, there are one million doubts about this digital currency both in terms of security nor its use.

Quote from: bitcoinpiece on April 23, 2015, 12:37:45 AM

Why, until now, government all over the world still doesn't trust bitcoin?

Almost the same as the previous reason, because:
Bitcoin does not donate any value, into a country's economy.
Bitcoin's not an investment asset, because it has no intrinsic value.
Bitcoin's just a trick of speculators.
Bitcoin's an unclear property
Because, there is no law governing it.
Bitcoin's considered to harm the economy of the country.
Bitcoin's just a matter of speculation.
Bitcoin's just a tool to rid money from corruption.
Bitcoin's designed and operated outside government control. Therefore bitcoin's feared to be freely used for crime including terrorism financing.
It is on this basis, that some countries prohibit the use of bitcoin as a legitimate means of payment and make bitcoin isn't widely accepted.

Ailmand

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Quote from: bitcoinpiece on April 23, 2015, 12:37:45 AM

Why, until now, government all over the world still doesn't trust bitcoin?

It's not that they don't trust it mate. I think many governments are like that because they just wnat to safeguard the investment or money of their people. As you know, there are just so many negative news swirling around cryptocurrencies, and so, it would not be far off for governments to notify people to be cautious, more so totally avoid investments in this market to avoid the risk of losing their money and complaining senselessly later on.

jpnl0004

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i think they should have one thing clear they just cant control bitcoin

mkcjeewantha

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as i think, still bitcoin is at the primary stage as a currency that's why governments hesitate to believe in this! also, there is a great potential in near future they will understand the capability of this currency system and they will have to agree with this!

Ghayoor

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Quote from: brightamo on May 16, 2018, 12:51:33 PM

Bitcoin transactions can't be traced or tracked by government so it makes it tough decision for government to give it full support.something it suspect is been used to finance money laundering and financial terrorism.

there are some countries who are accepting bitcoins and some of them they ban bitcoin but i think all governments will accept bitcoin soon because bitcoin is playing avery big role in economy of many countries.

al maruf

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The government and bitcoin have made a big wall of this saying. The reason for this is that, as Bitcoin's position is only online, in fact it is not. And there is no specific owner. And the government can not monitor Bitcoin at all. The government of many countries fear that Bitcoin may be used for rustic purposes. Anything bad has two good things, so do we tie well?

Core.BUSTER

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Quote from: BigBos on April 28, 2018, 12:20:22 AM

Quote from: poldanmig on April 27, 2018, 05:54:16 PM

Quote from: bitcoinpiece on April 23, 2015, 12:37:45 AM

Why, until now, government all over the world still doesn't trust bitcoin?

I think the government has a reason maybe one of them is bitcoin is a currency that is not yet known by ordinary people, and maybe the government is also afraid of fund raising for criminal acts because bitcoin has not had security inside

In fact, many things make governments afraid of bitcoin, especially in terms of investment. so in my country, they warn not to invest in bitcoin, because it has a high risk. but, they said they did not forbid to use it, just warned.

Here in the Philippines 2 weeks ago the government headlines news about the scammers of bitcoin there is lot's of victims that's why the government notice to the public to be careful to join in investing in bitcoin cause some of people use name of bitcoin for bad intentions.

DavitRoi

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Government all over the world still doesn't trust bitcoin because of some people who use bitcoin for illegal work ,like money laundering and others illegal work.But bitcoin can be use for legal work also so we have to use bitcoin as alegal think .

Topic: Government and Bitcoin - page 33. (Read 5800 times)