Topic: Government and Bitcoin - page 45. (Read 5762 times)
Simply because bitcoin is still new. Most people still doesn't trust bitcoin because of the risks and illegal things that is proven. We need to spread public awairness about bitcoin like sharing on social medias, introduce things to others in the right way.
People always fear the unknown plus they are not deeply familliar with it, so maybe we must wait a bit till that.
If the government agrees with the existence of bitcoin then we do not need to be careful in terms of doing something work because I think it is safe in any case, let alone bitcoin inaugurated but what power if bitcoin still no consent at all so we must be careful to do something that we want to do.
do not expect the government to support any thing that doesnt benefit them. the major reason why government will not support bitcoin and other cryptocurrency is that they can not control it. which means they will not be able to tax users. secondly anonymous activities through which bitcoin can be used for are consider to be dangerous because they believe if its not monitored. crypto can be used for money laundering an other criminal activities. the most painful part of it is that the government is capitalizing on the cons without wanting to hear about the pros of bitcoin.
Governments all over the worl are against bitcoin.Because they are afraid of its anonymous transactions and money laundering.If government accept bitcoin they though crime will be raise in their country.
Many people are still aware the name of Bitcoin and the many governments thinks that bitcoin will damage their system. Here in india bitcoin is not legal or not iillegal but Indian government prepare to ban it.
I might correct you, though it is true that bitcoin was illegalized in countries around the world, the countries that banned compared to the countries that support and even let bitcoin be used in their territory is far more miniscule if you would consider. Anyways, these countries think that bitcoin would hurt their economy and might even think that as soon as bitcoin was implemented as a currency, them their own national currency might go obsolete and useless.
I think bitcoin still does not make sense to 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.
actually the government and the bitcoin can not agree, at the right time maybe yes, but now? the government can not really accept bitcoin because it simply does not have a tax and the government does not believe it is legal
different governments have different strategy about bitcoin, in my country now government has declare bitcoin as illegal but still most of the people are using it illegally, because they are getting a very good profit from it and they do not have any day job or business, japan government have different thinking about bitcoin they legalize it like fiat currency.
In every country currency is control by government. And they does work for growth of it. But Bitcoin is out of control for them. I think they take it as competitor. And government don't have proper record of it.
Why, until now, government all over the world still doesn't trust bitcoin?
One of the main reason could be because bitcoin is a decentralized currency , which means that not a single person or goverment can control it, this means that if the goverment cant control it, then the goverment wont deal with it since it gives them no benefit.
Because bitcoin is 'decentralized peer to peer network without middlemen' which can be used for crime and illegal transactions like money laundering, tax evasion, drug trafficking etc. Bitcoin needs to be studied thoroughly.
Why, until now, government all over the world still doesn't trust bitcoin?
Where did you get that information, Actually a large number of countries today already supported and accepted bitcoin transactions in some establishment.
I think the government is not paying attention to this area. Although they have to think about this thought. After all, bitcoin is quite a valuable cryptocurrency in this market.
I know that its really hard for the government to accept bitcoin for the country but lets focus on the advantages of cryptocurrency in a country. Cryptocurrency provides not all but some of the needs for our economical aspects for our government. This won't change in the short term, because governments fear that their economy might get affected due to usage of bitcoin. Anyways, these countries think that bitcoin wiuld hurt their economy and migjt even think that as soon as bitcoin was implemented as a currency, them their own national currency might go obsolete abd useless.
actually the government and the bitcoin can not agree, at the right time maybe yes, but now? the government can not really accept bitcoin because it simply does not have a tax and the government does not believe it is legal
Bitcoin as digital asset or currency was created and introduced firstly in 2009. It was notvcreated by central bank or formal government institution and unregulated. It is operated under decentralized blockchain system.It is not controlled by the government but by all users.involved.in it.The government has the authority to ban it but it can.not run well, fluently since it.is decentralized fully.
Bitcoin is the first digital currency and it was introduced year 2009, as of now, it is becoming more valuable compared on its worth way back then; in Bitcoin, there's no involvement of government officials; it is just between the two user of Bitcoin during the transaction.
Why, until now, government all over the world still doesn't trust bitcoin?
because they are afraid of all the negative news about bitcoin that is currently widespread, so the government is very anticipated with all that. The government suppose the cryptocurrency are used only for bad purposes
Actually it depends on the person's thinking and what is their response to cryptocurrency in the future because only they bring cryptocurrency or bitcoin both good and bad roads because they have the right to think what is the service about bitcoin and cryptocurrency but which i cryptocurrency response can be brought bad path and also cryptocurrency can brought the right path because it depends on who uses it. 
Governments fear of bitcoin which is the major thing leading to the increased regulation of bitcoin and other cryptocurrencies. This won't change in the short term, because governments fear that their economy might get affected due to usage of bitcoin. If each and every government give support similar to that of Japan surely now it could have reached above $30000 by now.
Government and Bitcoin worthy combination but still government have threat of Bitcoin.Actually government want to collect tax to generate the revenue upon every transaction of the Bitcoin but still government fail to operate Bitcoin,May be in future find way and legalize Bitcoin and Bitcoin will operated in government vigilance.
Many people are still aware the name of Bitcoin and the many governments thinks that bitcoin will damage their system. Here in india bitcoin is not legal or not iillegal but Indian government prepare to ban it.
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