Government and Bitcoin - page 42. | Bitcointalksearch.org

Periodik

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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 governments. There are several governments around the world that are truly supportive of the use of Bitcoin and cryptocurrencies. Japan for example is very much open to the use of crypto within their territory. Germany, France, Malta, Estonia, and several more other governments are also allowing Bitcoin in their countries. Of course there are also other countries that are still on the process of taking in Bitcoin.

toast

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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?

indeed many countries whose government forbids bitcoin accessible because we also know that bitcoin is a digital currency that has not been recognized by all countries in the world so there is still a lot of negative news that keep emerging so that many countries and governments do not trust

alvinmtp

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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.

melinda29

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If you have a network system that is directly a possible replacement for the current financial system or one day will ruin your grip and control, whether you will trust it in the first place. Bitcoin will encourage more money laundering because of the anonymity it provides. Ordinary people still do not understand Bitcoin and think of it as some kind of fraud.

Dr.Nina

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Government all over the world do not trust BTC, Because most of the Government consider the BTC as a thread as their conventional currency. They think they cannot control BTC. But time will come when the Government compel to accept the BTC. Because the use of BTC and the popularity of BTC is increasing day by day. The multinational companies accept BTC. And time will come the volatility will reduce. SO, then the BTC will well accepted by all.

chika2

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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.

danwanyd

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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?

The anonymity of bitcoin is not a bad thing to worry about, but a good thing to be protected. I believe that the digital currency community is doing important research and development work to achieve a cashless future world.

Jose21

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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?

The only reason I know on why government still against bitcoin is only about "TAX/TAXES". Why?? Because we all know that if one thing is concerns about earning money, government claims tax/taxes. Since bitcoin is concerns cryptocurrency and cryptocurrency can become a money, so bitcoin is also about earning money that is why government or against bitcoin because again Bitcoin has no tax.

ReindeerOnMe

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Quote from: ericmalik on May 11, 2018, 03:25:42 PM

will,governments are afraid that banks will lose their customers,so people can invest in bitcoin without paying taxes the banking system is compromised.

And you think the government will let that to happen? No and people would not invest all of their money into digital currencies since it will not give them a certainty that these digital currencies will give them a good profit in time since we all know that it is so volatile. Governments are afraid not because of the fact that Bitcoin is anonymous but because of what people can do with its anonymity.

MahalQu2612

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The government still doesn't trust bitcoin because it can't get a hold of it, they cannot use bitcoin to do their bidding. Being decentralized is a huge no for the government that's why they don't like bitcoin, it's out of their reach. Bitcoin shuts their eyes and ears because of these. If only the government could realize what good bitcoin can do, maybe one day the government would open up to bitcoin.

CyNotes

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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 don't know why government didn't believe to bitcoin. They don't get any money in bitcoin and they don't have any idea of bitcoin profit. Government want to balance and control the real money. Whatever they say about bitcoin, I don't want to believe them and I will believe mine own intuition and own beliefs.

Tenderino

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Quote from: bitvelk on May 11, 2018, 06:37:01 PM

Governments simply do not understand bitcoin and cryptocurrency technologies. It is difficult to find competent persons in these matters.

In what country do you live to make such a statement? It must be a banana republic, because most countries know very well about the blockchain and crypto currency technology. If not, they can hire whatever experts they like.

Governments trust very well the blockchain technology and some governments already consider to introduce its own coin based on blockchain technology. But most governments do not like the decentralized and private crypto coins, because they reduce their tax revenue.

Colt81

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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 not because government do not trust Bitcoin. Maybe it is just that they are quietly been researching and observing what will be the possible outcomes if ever they will let Bitcoin to be legalize especially talking about the behavior of its people that will surely be affected by Bitcoin usage. But sooner or later, they will surely be convinced that Bitcoin can have a great help into their country's economy. But for now, they are still into studying and taking all considerations that are needed to be observed before coming up into a decision.

bitvelk

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Governments simply do not understand bitcoin and cryptocurrency technologies. It is difficult to find competent persons in these matters.

2beAmillionaire

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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 it takes a long time that governments in many countries will trust and accept bitcoin,it because of the taxation issues.

udivkx

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I live in Belarus. We have already legalized cryptocurrencies and I am proud in this regard for my country. Thank You Lukashenko!

Dondisimo

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Still, some governments already legalize cryptocurrencies. I think it's a matter of time. And the digital war for the leading positions among the governments will begin soon.

Udrujec

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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 wouldn't call it distrust. Rather, governments are acting in their own interests. Trying as much as possible to bite off a piece of profit from digital currencies, while it is possible and easy to do.

ericmalik

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will,governments are afraid that banks will lose their customers,so people can invest in bitcoin without paying taxes the banking system is compromised.

ongkok87

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Quote from: ?? on ??

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

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

The reason why some governments are against bitcoin or fear bitcoin is that is not something that is directly within their control. What the government cannot control, it fears. The government prefers what they can control like they do with their Central Banks, can create or print money at will without recourse to anyone. Bitcoin is decentralized and derives its power from the government

but if I think why the government is afraid of bitcoin it is the government is afraid that later with the bitcoin it can be misused to people who do not want to be responsible. such as transactions of goods such as drugs, firearms and can raise terrorism in the presence of bitcoin. because bitcoin is a quick way to get fund or money

Topic: Government and Bitcoin - page 42. (Read 5800 times)