Topic: Government and Bitcoin - page 49. (Read 5800 times)
it is difficult because the existence and the system of bitcoin and cryptos are actually against the government, bitcoin opposes the financial system run by the governments , that is why governments found themselves in difficult position, accepting bitcoin mean they have to let go the banking system and the dominance of their control on people, the solution i think the government should welcome bitcoin so people have an option in their financial system rather than just one option, bank.
The government do everything to make prevent to replace there currency. Bitcoin can also use a currency in a country if some of the people using bitcoin. So bitcoin cant stop of a government because of the community and more supporters.
Government has its own reason why they still dont trust bitcoin. Maybe because bitcoin is anonymous and government cannot regulate bitcoin that is why lot still dont legalize bitcoin. Hopefully in the near time many countries will legalize bitcoin because it is one means of generating revenue when it is being taxed and its a big help to the economy. Lot of people now are engage with it so high possibility of higher percentage of revenue is being collected.
Bitcoin is new among all people and it has two type stroy to believe and to distrust bitcoin itself. Now government of any country still follow the distrust story so they still not give a good feedback regarding bitcoin. When they understand and realize how greatful is bitcoin then all the direction will change.
Why, until now, government all over the world still doesn't trust bitcoin?
There are various reasons on why the government prohibits the utilization of bitcoin, such as its decentralized nature, its volatility, its threat economically and socially, and its implementation throughout the globe. Due to any lack of government regulation, they view bitcoin as a foreign thing has the potential of scams and abuse in the market. Also, bitcoin has been used as the main currency under the dark web, which mainly contributes to the criminality rate. Lastly, they fear that its volatile nature might become a barrier towards safe and securef transactions due to its unnecessary peer to peer transaction.
Unlike other investment mechanisms, bitcoin is the only one who lacks such governmrnt intervention.
Why, until now, government all over the world still doesn't trust bitcoin?
Other politicians screw their citizens with taxes. They sometimes screw each other with lies and scandals. And it is very hard to regulate. While bitcoin would encourage more and more money laundering due to the anonymity that it provides to many people. And regular people still don't understand bitcoin specially our government and still thinks of it as some kind of scam but then bitcoin is not because many people are being benefitted by it.
They think that bitcoin is just a joke and scam. I imagine if government and bitcoin work together would a great economic factor someday, and if they supported bitcoin.
Why, until now, government all over the world still doesn't trust bitcoin?
not all countries in the world do not believe in bitcoin, there are still some big countries that believe in bitcoin, and why some countries do not believe in the presence of bitcoin, yes bitcoin is full of fluctuations behind the huge profits, in addition to prices that continue to rise risks beragampun will appear and they do not want to take such risks.
Not all,but few governments all over the world still have doubts with bitcoin for some reasons,but time will come that they will realize that bitcoin is very useful and they will accept it and be legalized .
Because the government is still afraid bitcoin will affect the economy of the state government. So many still do not trust bitcon. And I think one factor why the government still not believe because the government could work with local banks and do not want the local bank in place of bitcoin.
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.
That's interesting. The theme was created in 2015. 3 years have passed, and the question is really relevant. I think in 5 years it will continue to be relevant. This will happen as long as the authorities have simple greedy officials who act for the sake of his pocket.
Yes other country like china, india , korea and other country that didn't embrace bitcoin because there are some of reason like they are afraid that bitcoin will use in illegal transaction like money laundering and we also know that scammers are always there to scam those who want to earn also and the other country they want To use their own money that digital money.
Why, until now, government all over the world still doesn't trust bitcoin?
Government's didn't accept bitcoin because there's so many scam in bitcoin worl and they didn't know how to manipulate bitcoin in their country because bitcoin is transparent and anonymous I think that's the reason why government's didn't trust bitcoin.
The Ministry of Finance is planning to legalize bitcoin and other crypto-currencies in Russia in 2018. The goal is to take virtual currencies under control so that they can not be laundered or illegally withdrawn. Just a year ago, the ministry proposed to deprive citizens of their freedom for using bitcoins.
They really not know about bitcoin and some scammer use bitcoin as the payment so the bitcoin can be the one that they thought it is bad and happens that they plan to hate bitcoin because they thought it was wrong or illegal. Bitcoin was affected to some happen even it is not doing wrong because it is only the thing that we use.
When the government does know about the good ones and they have a good plan for it, it is good idea because it increase the chance that it would be our coin on the near future.
When the government does know about the good ones and they have a good plan for it, it is good idea because it increase the chance that it would be our coin on the near future.
Hah, sounds like a title for a book)
In fact, this topic really deserves to be written about this book (if it has not yet been done).
But seriously, most likely the government of most countries in the world will not succeed. Bitcoin and other crypto currencies are the future. And progress as you know can only be slowed down, but not stopped.
In fact, this topic really deserves to be written about this book (if it has not yet been done).
But seriously, most likely the government of most countries in the world will not succeed. Bitcoin and other crypto currencies are the future. And progress as you know can only be slowed down, but not stopped.
It's not a matter of trust, that governments do not appreciate Bitcoin or other cryptocurrencies. Bitcoin was made to be a p2p decentralized currency. Transactions using Bitcoin means bypassing the bank or the authorities. That is against the rules, made by governments. But nowadays the authorities acknowledge the advantages of bitcoin and they will have to give in and accept cryptocurrencies.
Government don't like bitcoin because money go past the ticket office, you don't pay taxes from getting income, you don't hold it in their banks, so they can use it and etc.
I think government doesn't support bitcoine. Would you also say that the government is afraid of being destroy by bitcoin as they are totally different from their centralize system
Why, until now, government all over the world still doesn't trust bitcoin?
Different government has different agenda with Bitcoin. According to some government it is use full to them and according to some government Bitcoin is bad for them. Chinese government ban it in their country because bitcoin somehow affect their country own currency and this thing affect ultimately affect their country economic and financial growth. Like Chinese government some other government ban bitcoin for this reason. Israel government ban bitcoin because it supports criminal activity in their country. Japanese government has positive point of view with Bitcoin. They encourage their people to use bitcoin. 
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