Topic: Government and Bitcoin - page 38. (Read 5762 times)
The government and the bitcoin are always compared, because there is a lot of news that the government is banning bitcoin in some countries. But there are also countries whose governments allow bitcoin in the country. Maybe the government that banned the bitcoin did not want to risk that bitcoin would disrupt their economy.
I am more interested in why the government forbids bitcoin.
In my country about bitcoin still safe and still allowed, and at that moment on the news that the government in my country has banned bitcoin but in the end still can be used. In fact, bitcoin is not a criminal or it can be harmful to those who use it and really bitcoin greatly helps his life get better for those who use it and can prosper the country for governments that legalize bitcoin. but I do not understand and what is the reason the government forbids bitcoin entering his country.
In my country about bitcoin still safe and still allowed, and at that moment on the news that the government in my country has banned bitcoin but in the end still can be used. In fact, bitcoin is not a criminal or it can be harmful to those who use it and really bitcoin greatly helps his life get better for those who use it and can prosper the country for governments that legalize bitcoin. but I do not understand and what is the reason the government forbids bitcoin entering his country.
Lots of people don`t have an idea what btc is and even investors who invest in here don`t have an idea what they are doing which is a huge leak and the misleading information and volatility are supposed to be the main reasons.
Why, until now, government all over the world still doesn't trust bitcoin?
Because bitcoin is unstable and uncontrollable. They cannot handle the online transaction. I guess that is the main reason why bitcoin is not accepted in other countries.
Why, until now, government all over the world still doesn't trust bitcoin?
It's not that the governments do not trust Bitcoin, it's just that they could not find a way to fully control it. Bitcoin generates billions of dollars in the crypto market. And the governments being as greedy as they are, would want to manipulate this system. So they resort to imposing regulations related to tax so that they could have a hand on it. This frustrates them a lot because they are used to being able to control or manipulate anything they set their eyes on.
Due to the fact that bitcoin is decentralized, it does not allow total control over itself, which the government does not like, so the authorities are trying to maximize the time of adoption of the crypto currency or even to prohibit it.
it's very simple for government don't trust bitcoin.
1. bitcoin is a decentralized technology and is anonymous though transparent, so the government can't control and regulate its rotation.
2. because of its anonymous system, bitcoin is widely used for crime. so the government does not believe in bitcoin.
3. bitcoin has a very fluctuating value, and the government does not want to take a big risk to trust bitcoin.
1. bitcoin is a decentralized technology and is anonymous though transparent, so the government can't control and regulate its rotation.
2. because of its anonymous system, bitcoin is widely used for crime. so the government does not believe in bitcoin.
3. bitcoin has a very fluctuating value, and the government does not want to take a big risk to trust bitcoin.
Bitcoin can disrupt the usual system of state structure, and not all rulers are ready to do it now. They're still looking at the cryptocurrency.
Why, until now, government all over the world still doesn't trust bitcoin?
It's not that the governments do not trust Bitcoin, it's just that they could not find a way to fully control it. Bitcoin generates billions of dollars in the crypto market. And the governments being as greedy as they are, would want to manipulate this system. So they resort to imposing regulations related to tax so that they could have a hand on it. This frustrates them a lot because they are used to being able to control or manipulate anything they set their eyes on. 
Bitcoin is very young, and most of the rulers are quite conservative, and it turns out a conflict between the new and the old. Therefore, the government is still suspicious of the cryptocurrency.
Because it can threaten the use of their currency which gives the government less control over trade.
The governments and Bitcoin have been for a long time locked in a battle t determine the fate of BTC, some found wys of containing b=BTC and has now embraced it and now BTC freely operates within their borders, some countries are still yet to come to terms with BTC there for limiting its operations, there are policies guiding such decision making process which is why some legalize BTC while others don't
It may be very tough to alter. Bitcoin might inspire extra cash laundering because of the anonymity it gives. Regular people nonetheless do not apprehend Bitcoin and think about it as some sort of rip-off.
Bitcoin has many functions that can not be explained in one direction's and is highly working perfectly online trading and investment in which the demand is always high and that is why government are attracted to take investigation on Bitcoin and other crypto related.
First bitcoin is new,anything online government hardly trust it, then I will say they don't have power to control bitcoin.
bitcoin benefits can be sent anywhere in a matter of seconds bitcoin is not controlled by the institution or government. The era of technological digitization has given birth to Bitcoin as a new currency but it is unfortunate in some countries the government forbids bitcoin transactions.
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.
For sure no government has any specific problem from bitcoin,. If you are talking about anonymity then it is not a big deal price fall and rise is very common, on the other hand now our country is getting better with the help if bitcoin as it gives our people money and also taxes every month use to increase our profit for government very year. As much as bitcoin is rising in price is use to make tax for government more stable and high so I think bitcoin is the best investment for us government should legal it as fast as possible. 
Maybe because it is much difficult for the governments to audit transactions, and perform their legal obligations to the society, and because bitcoin is unregulated.
Bitcoin will have its battle with government, yet bitcoin is at least somewhat straightforward more or less mysterious, in the sense every one of the exchanges are out in the open for the included and known gatherings however mysterious from according to obscure gatherings, for example, the administration, bitcoin is found on the standard of flexibility that accompanies decentralization which the legislature can't take away.
Why, until now, government all over the world still doesn't trust bitcoin?
Mostly because governments can't control bitcoin, and are afraid of such high volatility.
I doubt that bitcoin will be accepted by the biggest countries in the world, as it would affect their economy.
More likely we will see small countries, like Malta will give "green light" for bitcoin and crypto, to boost their economics and attract potential investors.
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