Topic: Government and Bitcoin - page 41. (Read 5762 times)
Bitcoin growing become competitor of traditional banking, and as we know if all banking in ever country on the world controlled and regulated by goverment, probably the goverment thinking in future bitcoin will make traditional banking collaps and if it that happened the goverment will be loss.
The main reason could be, because bitcoin is decentralized, which means that it is not easy for the government to control it
I think the number of money that’s has come into the market in just 2017 alone is staggering. No government can ignore that.
Because the government thinks bitcoin will disrupt the economy and the government thinks they can not control the bitcoin so that's why. But if the government that legalizes bitcoin I do not think it will think that way.
The fact that bitcoin can be used anonymously to conduct transactions between any account holders, anywhere and anytime around the world makes it attractive to criminal elements. But it from the point of view of officials who "not in a subject". They until a certain point considered (or consider) that bitcoins are used for purchase or sale of illegal goods, such as drugs or the weapon. However, in practice, transactions are open, for anonymity, you need to use mixers that are constantly closed, and in General, for anonymity, currencies of the Monero type are used.
Most countries did not clearly define the legality of bitcoin, preferring instead to take a waiting position. Some countries indirectly agreed to the legal use of bitcoins, establishing some supervision. Bitcoin has not been declared in any country as a substitute for the legal means of payment of the state. Many countries are on the way of accepting bitcoin as a means of payment, but it will take more than one year
Most countries did not clearly define the legality of bitcoin, preferring instead to take a waiting position. Some countries indirectly agreed to the legal use of bitcoins, establishing some supervision. Bitcoin has not been declared in any country as a substitute for the legal means of payment of the state. Many countries are on the way of accepting bitcoin as a means of payment, but it will take more than one year
When you have a system framework that is straightforwardly a conceivable substitution to the current money related framework or will it one day demolish the grasp and control you have, would you believe it in any case? Truth be told I should change the word to danger to be more exact. Governments for the most part won't support or acknowledge bitcoin so far as that is concerned and they will effectively keep that from happening.
Why, until now, government all over the world still doesn't trust bitcoin?
the possibility of the government being frightened by bitcoin abuse because according to the bitcoin government's vision can be used to make any payments that make the government very scared if used for criminal acts.
now the Crypto currency is too volatile and unstable. As soon as this changes, the state will change its point of view
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.
The entire goverment is always against something thats a threat to their interest. Just like any other things. Its always dependent on the government's trust against it. If they dont, its a problem, but if they do, its better since there wont be any problem going in the bitcoin industry's way
Actually Governments want to control Bitcoin. on the other hand bitcoin is decentralized digital currency but Government want to centralized bitcoin that's why they can't control it easily. some counties are bitcoin legal and some counties are bitcoin is illegal but they are thinking about legalization bitcoin. I think government still doesn't trust bitcoin, because of some factors such as crime and terrorist funds and other some evil people's activities.
the government is too prestigious to believe there is bitcoin by the time the first bitcoin comes out but some users or investi come the government does not complain there is bitcoin now so many bitcoin users even millions now the government is starting to issue unimportant issues even dispute between government experts and bitcoin but now bitcoin persists and I hope the government believes that bitcoin can promote society and make people independent
Why, until now, government all over the world still doesn't trust bitcoin?
For me, because they think its a scam and because they think that bitcoin is threat to the people in their country; because no any government officials handled the bitcoin, because they don't have any idea what is bitcoin and what are the the things that can do to make other people become rich and be investor. 
I know government doesn't trust bitcoin until now but what I'm sure is they trust the technology behind bitcoin which is Blockchain. I'm sure time will come that government will issue its own cryptocurrency. And by that time, bitcoin will sort of the benchmark of all the cryptocurrency in the world because it was made from an energy consumption.
Because there are so many loopholes in the working of Bitcoin which is preventing the government from trusting it. The anonymous nature of cryptocurrencies enables it to be used for illegal purposes like purchase and sale of prohibited weapons or drugs. Although virtual currencies reduce the chances of money laundering activities, it is proving more useful for cybercrimes. A report published by the UK Treasury on monetary policy says that virtual or digital currencies can facilitate methodologies of “crime-as-a-service” and provide a platform for laundering advances of cybercrimes which can increase the chances of crime.
Why, until now, government all over the world still doesn't trust bitcoin?
Not all Governments around the world do not trust Bitcoin, there are still some Governments in the World who trust Bitcoin and have even received Bitcoin in their country. But in my opinion, the Government already believes in Bitcoin only the Government does not acknowledge it. The government actually hates Bitcoin for sure because there is no tax on Bitcoin and the Government does not get the tax revenue. for me we do not need recognition from the government at all. We can make this community bigger and bigger everyday by ourselves without depending on the government.why not make sense because the price is fantastic and the increase is quite high. It may be too dangerous for a country's economy.
You are very right. Although there is no government recognition or policy to legalize crypto currencies, bitcoin users continue to grow and they use bitcoin as a medium of exchange or long-term investment.
for me we do not need recognition from the government at all. We can make this community bigger and bigger everyday by ourselves without depending on the government.why not make sense because the price is fantastic and the increase is quite high. It may be too dangerous for a country's economy.
The government doesn't really trust Bitcoin because it's new and that cryptocurrency is basically untraceable. People use bitcoin for buying illegal items. That's why I think the government doesn't like bitcoin that much.
After so long since the appearance of bitcoin for the first time until now there are already some countries that legalize bitcoin. But in reality many countries have not put trust and have not legalized bitcoin. In my country, the government considers digital currency risky because of the absence of regulators or administrators governing the digital currency and also the digital currency is at risk with money laundering.
Each country has a government and some like bitcoin and some do not like bitcoin. Maybe I think the government does not like bitcoin can change the currency of their respective countries.
Jump to: