Topic: Government and Bitcoin - page 39. (Read 5800 times)
I think because the government thinks bitcoin is an investment in a bodong or Ponzi scheme. They do not want their people to lose by using bitcoin. And the government is also afraid bitcoin is used for criminal activities. Therefore they do not like and trust bitcoin.
will,governments are afraid that banks will lose their customers,so people can invest in bitcoin without paying taxes the banking system is compromised.
The governments are not afraid that banks will lose their customers since the government is not supported by banks but by taxes. If bitcoin will enter in a certain country this will help a good number of population to earn online through online jobs and this will help the country to reduce unemployment rate and people below poverty threshold. But the reason why some government bans bitcoin is because they do not have control over it and they have no agency or unit to look over it and bitcoin may be use in money laundering and other illegal activities.
Government not accepting bitcoin because bitcoin is decentralized currency. It is not owned by a single person or any organization. So government can't control it. It is not available in physical format. Due to security reason also many countries banned cryptocurrencies.
I think government are hesitant in bitcoin it is because they want protect the people. Bitcoin is considered a risk investments that could make people lose there resources. Yes the security reason also, there are report of scammers and hackers that are ruining bitcoin reputation. currently bitcoin is helping people and i hope the government can see this.
because governments can't control bitcoin. therefore, they do not trust bitcoin.
The reason some countries do not legalize bitcoin because bitcoin is considered a means of payment to commit a crime. Like human trafficking, organ trafficking, illegal weapons trade, drug trafficking, etc. Because bitcoin uses a blockchain system that is difficult to verify and a good level of security making it difficult to track one's financial footprint.
It's because of issues with regards to bitcoin. There are so many issues about bitcoin that make a bad impression to other people. Some government thinks that it won't make the economy productive and will not help people.
Yes, Government are thinking about the welfare of the people and the productivity of the economy. They are afraid that people will lose in bitcoin and affect the economy. The lack of information also creates misunderstanding between government and bitcoin system.
They don't want to adapt yet the changes brought by technology because they think that it might ruin the economic status of their government. Besides they may not be able to earn for themselves if they regulate bitcoin in their respective country. The whole concept of bitcoin is killing the economy, that's what they are thinking. Although on the other hand, which is the side of crypto enthusiast, they think that it might help the economy grow faster.
Government not accepting bitcoin because bitcoin is decentralized currency. It is not owned by a single person or any organization. So government can't control it. It is not available in physical format. Due to security reason also many countries banned cryptocurrencies.
Why, until now, government all over the world still doesn't trust bitcoin?
I think because they do not know what is bitcoin and how it use, because they think that bitcoin is a threat go their people and because no one in any countries use bitcoin or there is none government who allow bitcoin as a income to the countries around the world. They do not believe bitcoin that it can help to their people.
Governments around the world have signaled their ongoing or immediate intentions to legislate and regulate cryptocurrency worldwide, and it seems that the largest banking and financial companies are waiting for further clarity before they go ahead with plans to enter the market.
Many of our countries already support it, who are not afraid and who wants the good future, the government with the big corruption will fear it, so they try to regulate it, but how they dont know
Why, until now, government all over the world still doesn't trust bitcoin?
Do not generalize too much. There are governments that already allowed the circulation and use of Bitcoin in their respective countries. There are also some countries that remained hard-headed about their negative stand on Bitcoin. Maybe they are somehow afraid that if Bitcoin enters their country, their power will be somehow diminished since some people might not anymore need the government in buying their needs.
Because it's still new. And actually a solid percentage of bitcoin users still don't 'trust' bitcoin.
Bitcoin will be the most valuable currency in the world.... Why, until now, government all over the world still doesn't trust bitcoin?
The government all over the world still doesnot trust bitcoin, because The government cannot controll bitcoin over. They afraid the bitcoin will be used for illegal activities. It is my opinion.
Why, until now, government all over the world still doesn't trust bitcoin?
I think not all Governments around the World do not like Bitcoin. Because there are some countries that are very accepting of Bitcoin even the Government of the country wants to legalize Bitcoin in his country. Some of the Government does not like Bitcoin because for the Bitcoin government it damages its citizens and will bring bad influence to its citizens.
Bitcoin crypto coins about all of the government of the different types of like think to can be seen.Any of the government bitcoin legitimate has.Again any of the government it legal did.Any of the government is that it, its economy important to role will.Just the government of a variety of lots of people about it in many different types of opinion is.
because bitcoin is a taboo for the community, and is considered gambling, because the government forbids bitcoin, it is from a layman's side. whereas from one observer declared bitcoin can affect the stability of a country's economy. I really agree with that opinion because what if all the focus kebitcoin it will have an impact to the economy. everything will be silent at home looking at the monitor alone, one of my own . 
Because no government can control it or wish to control it. Besides many people use this online currency to do evil work such as money-laundering, buying-Selling weaponry and many more.
It's because of issues with regards to bitcoin. There are so many issues about bitcoin that make a bad impression to other people. Some government thinks that it won't make the economy productive and will not help people.
Why, until now, government all over the world still doesn't trust bitcoin?
It is the opposite thing now. Before, Bitcoin was new and almost unpopular to everyone, likewise it was not that reputatble and trusted before. Right now, bitcoin has proven its worth and its usefulness to many people. Aside from being popular now, it is indeed the most successful innovations now.
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