The government suppose the cryptocurrency are used only for bad purposes
Opposed to a decentralized and anonymous system, the creation of a cryptocurrency that governments can control is their only option to wrestle back some semblance of ‘control’ that has been handed to the everyday man using cryptocurrencies. 
Topic: Government and Bitcoin - page 52. (Read 5782 times)
The government suppose the cryptocurrency are used only for bad purposes
Why, until now, government all over the world still doesn't trust bitcoin?
Not all governments distrust bitcoin. For those who do, they are not so convenient with the principle with which bitcoin operates. The decentralization of bitcoin takes the power back to the people in terms of their finance transaction which no more becomes a subject to third party interruptions as seen with the governments and banks.
Highly corrupt governments often declare Bitcoin illegal, while countries with good governance have an extremely friendly legal framework for electronic money. Fear of Bitcoins is a network of untrustworthy, decentralized and transparent publicity that may have led many governments to question it.
Actually a solid percentage of Bitcoin users don't trust governments.
It is very hard to regulate. Bitcoin would encourage more money laundering due to the anonymity it provides. Regular people still don't understand Bitcoin and think of it as some kind of scam.
Yes it is true what you say, a normal person is difficult to understand about bitcoin so us as bitcoin users should be more understanding with the ordinary people because sometimes ordinary people can commit crime and sometimes he can do good things, in terms of following bitcoin to understand.Just like a government whose thinking is too self-centered and self-contained, he may dislike bitcoin and sometimes he likes bitcoin and even bitcoin can be inaugurated by the government because he likes it.
There are now a lot of the Government banned using bitcoin because they fear criminals use it with negative intent, but I think there are also some Governments accept bitcoin and let people use the bitcoin, so it bring good benefits and resources live more fully thanks to bitcoin.
The government is doing this probably to avoid money laundry for some people who want to cheat.
But they also know that their own currencies were also used for money laundering. This thread was made on 2015 and same thoughts are coming out from those times until today but there are good events that happened for the past years. Some countries do accept bitcoin and legalized it, in short there are now countries that are trusting bitcoin.
Why, until now, government all over the world still doesn't trust bitcoin?
Not all governments distrust bitcoin. For those who do, they are not so convenient with the principle with which bitcoin operates. The decentralization of bitcoin takes the power back to the people in terms of their finance transaction which no more becomes a subject to third party interruptions as seen with the governments and banks.
The concept of bitcoin is new to many countries..so they don't trust it.. And if the Government is corrupted then they will never accept the bitcoins But i think Government should get involved into bitcoins and start adopting and accepting it and also make aware the society about it.
Your government is against bitcoin. There are certain reasons for this. The most important is the commission and interruptions. Money transfers in Crypto exchange are both fast and cheap.
The government thinks it is not legal because it can not follow the money transcripts.
The government thinks it is not legal because it can not follow the money transcripts.
Why, until now, government all over the world still doesn't trust bitcoin?
The government is doing this probably to avoid money laundry for some people who want to cheat.
Why, until now, government all over the world still doesn't trust bitcoin?
I guess the Government is just doing their job as a government. There are some aspects they consider to protect their country and the people as well. I am not saying that bitcoin brings harm to people. We all know that it is very helpful. But we don't know their exact reason why they do not accept bitcoin, we need to respect it. Why, until now, government all over the world still doesn't trust bitcoin?
I think not as you say, but more on for prevention. as happened in some countries that prohibit it. the most crucial reason is, terrorist financing, drug deals and bitcoin are bubbles. this is the reason that every country often bans it.
Trust comes with understanding.
I'm Agree with this RodeoX quite.
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.
Why, until now, government all over the world still doesn't trust bitcoin?
Well, I think there are alot of factors over this. For example, they can't regulate BTC then how could they benefit from it. Next about the scamming incident which they want to prevent and last would be the global security which terrorist and some illegal activities could operate freely.
Politicians screw their citizens with taxes, jails and spying on them. They screw each other with lies and scandals. They screw the economy with over spending. They screw their fiat by printing too much of it.
Our government don't know what BTC is and they won't do anything for long time bout that... Let them hear about that first hahahha They are too busy with stealing from their people
Government does not yet formally legalize bitcoin and it seems not yet interested on it, because the government consider the stability of bitcoin and as of now it was very unpredictable so all things might happen.
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