Topic: Government and Bitcoin - page 50. (Read 5782 times)
Some countries are considering bitcoin payment system is not secure and having some fraud-lent activities and the main thing some countries taking as illegal because it is decentralized currency and it may use for illegal activities,
Bitcoin enthusiasts argue that "this is the first decentralized payment network that operates only at the expense of its users, without centralized management or intermediaries." It is the lack of centralized control over processes that is the main reason why governments are afraid of crypto currency. To understand where this leg's feet grow from, it is necessary to learn something about governments and conventional currencies.
really, there are some countries that have banned the release of bitcoin, and some even prohibit it. it's because bitcoin is often used for crime or criminals, such as drug trafficking, and others. they use bitcoin because the transfer is very easy and fast.
May be because of the very high fluctuation of bitcoin value and the government want to aware the risk involve or possible loss of their people if investing in bitcoin.
really, there are some countries that have banned the release of bitcoin, and some even prohibit it. it's because bitcoin is often used for crime or criminals, such as drug trafficking, and others. they use bitcoin because the transfer is very easy and fast.
they are starting to trust on bitcoin now since it became viral they want a piece of the cake too
First bitcoin is new,anything online government hardly trust it, then I will say they don't have power to control bitcoin.
I think the world's government does not believe in bitcoin but the government is looking for a solution so that bitcoin can be understood by the whole community especially with different backgrounds of different communities so that it's still a lot of that in the government to legalize bitcoin because bitcoin is the eye digital money that can not be set by anyone either government or other institutions.
Why, until now, government all over the world still doesn't trust bitcoin?
maybe because of bad impressions due to the work of people who used Bitcoin in illegal ways and in scamming people. If that is the case how can they trust it.Would you also say that the government is afraid of being destroy by bitcoin as they are totally different from their centralize system.
This is not true, blockchain is the most transparent technology. There are other anonymous currencies that no one prohibits.
I think government didn't believe bitcoin.because it most risk for their people and might soo many people lost their money by invest in bitcoin.
But for me bitcoin have a bright future and can give a lots of profit for people.
Because so Many people rich because of bitcoin.
But for me bitcoin have a bright future and can give a lots of profit for people.
Because so Many people rich because of bitcoin.
Why, until now, government all over the world still doesn't trust bitcoin?
if I think they are afraid of not getting anything from Bitcoin because every Bitcoin transaction is almost entirely without the fee (tax), except from the Exchange who always give a fee when withdrawal.
so the core of the government does not have a quota of Bitcoin.
Thanks.
Why, until now, government all over the world still doesn't trust bitcoin?
Firstly, not all, because there are countries in which the crypto currency is legalized at the legislative level. Well, distrust can result for very many reasons.
Why, until now, government all over the world still doesn't trust bitcoin?
maybe because of bad impressions due to the work of people who used Bitcoin in illegal ways and in scamming people. If that is the case how can they trust it.Would you also say that the government is afraid of being destroy by bitcoin as they are totally different from their centralize system.
Yes it is true they are not satisfy with the way to how bitcoin and blockchain technology is working and due to this they are just ban the bitcoin in between the country feeling unsafe,
Threats are measured in probability and potential damage bitcoin is a digital currency . it is money in the digital world.in order to make it stable currency it should be utilized by many number of people for a longer time.
Why, until now, government all over the world still doesn't trust bitcoin?
maybe because of bad impressions due to the work of people who used Bitcoin in illegal ways and in scamming people. If that is the case how can they trust it.Would you also say that the government is afraid of being destroy by bitcoin as they are totally different from their centralize system.
The government have faced the trouble with bitcoin and they have try to banned bitcoin in their bitcoin and do not now allow the bitcoin for payment transaction. The government have reason to banned bitcoin because it most risk for their people and will be most loss their people money by investment in bitcoin because bitcoin price always low and high and could not take control it. But the government have see the other site of bitcoin could high.
Why, until now, government all over the world still doesn't trust bitcoin?
because banks have more lobbyist than bitcoin ?
Government and bitcoin has different features . Currency is looking for out growing investment improving technogies that can make people more convenient while government impossing laws to make people have their free will.
maybe the govermment can't control btc and crypto,they can tax any trans,the acc crypro is so easy to creat ,they fear organized crime transfer money from this country to that country and they can't control,i think the main reason is crime and money so easy transfer go out the country
People always fear the unknown plus they are not deeply familliar with it, so maybe we must wait a bit till that.
yes 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 and It is very hard to regulate. Bitcoin would encourage more money laundering due to the anonymity it pvideros. Regular people still don't understand Bitcoin and think of it as some kind of scam.
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