Topic: Government and Bitcoin - page 34. (Read 5800 times)
Because it's decentralized and anonymous so government won't like of it. And many scammed people out there that they used the name of bitcoin, so the government don't trust bitcoin or cryptocurrency. We can support bitcoin and spread to people by telling them that bitcoin is real and not a scam. The government needs to regulate everything but bitcoin can't regulate. Maybe in the future the government will trust bitcoin if many people used it.
certainly the government wants to protect the public for their financial losses if there is no guarantee that all even the government itself can not control. the government needs to mengtrol it all if bitcoin can embrace the government disetaiap state then it will be a better cooperation for bitcoin and the public, of course.
If government would regulate this new sphere and can earn big profit. I think in the future (next 3 years) some governments will accept it as payment tool and also will participate in trading to make money as a marketmaker. That's why the question "why government all over the world still doesn't trust bitcoin?" is a temporary.
First bitcoin is new,anything online government hardly trust it, then I will say they don't have power to control bitcoin.
In my opinion, different countries have self-government and I can say that they have different ideas and descriptions in many ways and the bitcoin system is one of them. We all know that there are some countries that adapt to bitcoin and some others still ban bitcoin. The reason why some of them do not trust bitcoin and the main reason is they can not get into the risk, because bitcoin has high volatility.
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.
Hello. I think most countries do not trust bitcoin because they can not control them because of the variable bitcoin value. Governments will not be able to control bitcoin as this will lead to conflicts between countries due to the interests of the respective countries and the unstable value of bitcoin
Already today blockchain technology is used everywhere, and the governments of some states decided to closely study the use of this technology in public administration.
Central banks of developed countries and leading experts warn investors to stay away from crypto-currency and do not trust them, arguing that this is just another "bubble". Nevertheless, in border markets, people, on the contrary, turn to bitkoynu precisely because they do not trust local bankers or the state itself.
The wrong statement, because not all governments around the world still do not trust bitcoin. just some countries.
It is difficult for them to trust bitcoin, because of the difficulty of controlling bitcoin transactions, because until now there is no single institution or government that can control bitcoin, because bitcoin is done feer to feer.
Let alone the many negative issues about bitcoin that call bitcoin is a bubble that can break at any time.
It is difficult for them to trust bitcoin, because of the difficulty of controlling bitcoin transactions, because until now there is no single institution or government that can control bitcoin, because bitcoin is done feer to feer.
Let alone the many negative issues about bitcoin that call bitcoin is a bubble that can break at any time.
I think for now bitcoin is growing strong. has many benefits, many people get rich from bitcoin. But many people, many governments still have doubts about it. Many governments do not accept bitcoin, because they do not understand what bitcoin it is.
Why, until now, government all over the world still doesn't trust bitcoin?
maybe because of bad impressions due to the work of people who used Bitcoin in illegal ways and in scamming people. If that is the case how can they trust it.Would you also say that the government is afraid of being destroy by bitcoin as they are totally different from their centralize system.
I agree, the rumors about its illegal use are undeniable. So it is hard for governments to accept it at once. But i don't know why the government does not understand that fiat is also being used for illegal purposes and in fact much more that BITCOIN.
I think besides being feared for illegal transactions is a very fluctuating bitcoin price that makes the country think that bitcoin like speculation and gambling makes it difficult to legalize.
The Government also needs to control the activities of bitcoin itself because bitcoin can not be controlled and does not have owners who must be asked to be accounted for if the financial turmoil around the world. only can unite if bitcoin come to embrace the government and even the community itself all over the world.
Why, until now, government all over the world still doesn't trust bitcoin?
I think it is not that government do not entirely trust Bitcoin. Maybe it is just that they are thinking that their people as well as their country are not up into using Bitcoin. It is because there are many things that are need to be consider for them to be able to be convinced and decide whether to accept Bitcoin or not. With our current stand in Bitcoin that many people are ruining Bitcoin's reliability and image, the government are seeing lots of reason not to accept Bitcoin which we must not blame to Bitcoin. If we want to convince the government, we must fix ourselves especially our behavior beyond using Bitcoin that it is a good help and not a total distraction that can affect people's behavior and productivity to eventually help the economic state.
It's time for the government and bitcoin to cultivate the lives of its citizens, I'm sure that if the government legalizes bitcoin then the economic life will improve and certainly reduce the poverty and unemployment.
Why, until now, government all over the world still doesn't trust bitcoin?
maybe because of bad impressions due to the work of people who used Bitcoin in illegal ways and in scamming people. If that is the case how can they trust it.Would you also say that the government is afraid of being destroy by bitcoin as they are totally different from their centralize system.
I agree, the rumors about its illegal use are undeniable. So it is hard for governments to accept it at once. But i don't know why the government does not understand that fiat is also being used for illegal purposes and in fact much more that BITCOIN.
Why, until now, government all over the world still doesn't trust bitcoin?
Actually there are positive and negative things, maybe the government has not really believe and understand more about bitcoin. and the government anticipates bitcoin concerns that will endanger the country's economy because it may be bitcoin going up and down in value.But I do not care about it all and that's just my judgment, and now what I do is make good use of bitcoin as long as bitcoin msih exists and is allowed in my country.
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.
Why, until now, government all over the world still doesn't trust bitcoin?
The government are not still trust in bitcoin cause some people are lack of knowledge about cryptocurrency and every investors they don't have training or seminar before joining in bitcoin. The government is caring to his constituents protecting from scammers. We cannot blame the government for this kind of attitude.Its not that the governments is against bitcoin, it is actually the government being problematic about the taxes, since bitcoin has no relation or is neutral to a country the government does not cover any of it, which means the government wont have any benefits from it, and this is the reason or one of the reasons why governments and bitcoin does not cope up with each other, take note not all governments has illegalized bitcoin, as a matter of fact a lot of countries have gain trust with bitcoin and has legalized them for the good of the country.
Not all over the world, not every Government think negative against bitcoins. Do not count those, Government look forward there's some more Country Governments who are supporting bitcoins. Actually its not our problem if Government banned the bitcoins, its decentralized and nothing in government hand. About the reason, Bitcoin has some disadvantages which can destroy the economy of that country. So just for the sake of their reputation government against Bitcoins.
Why, until now, government all over the world still doesn't trust bitcoin?
Two things to consider in this situation First, maybe the government is afraid of bitcoin that the economy me fall or they are don't have any other way except for go against it because of personal interest which is the usual thing existing In the government official.
Second, they are just protecting the society because bitcoin is volatile.
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