Topic: Government and Bitcoin - page 53. (Read 5762 times)
Governments all across the world seem not to like cryptocurrencies because of its decentralized nature. Government will not like anything they have no control over. They will see it as a threat. That is why they want to bring regulations at all cost so as to have it under their control.
Why, until now, government all over the world still doesn't trust bitcoin?
many countries do not just believe in bitcoin and there are some countries that prohibit bitcoin access in the country, why bitcoin is not trusted by the government because bitcoin is afraid to make local currency inflation and maybe more government view about bad bitcoin
This is a very difficult question.It seems to me that my government will try to limit the presence of bitcoin in our lives
Perhaps the government still doubts if people rely on bitcoin in negative terms so that evaluation is needed to anticipate the occurrence of bad things that can make the country decline because the population more use bitcoin than the original currency.
Maybe it is better that government stay out from btc...They have 'the big obsession' to control everything with which they come in contact
Why, until now, government all over the world still doesn't trust bitcoin?
many countries do not just believe in bitcoin and there are some countries that prohibit bitcoin access in the country, why bitcoin is not trusted by the government because bitcoin is afraid to make local currency inflation and maybe more government view about bad bitcoin Why, until now, government all over the world still doesn't trust bitcoin?
Because bitcoin cannot be controlled by them. Bitcoin's price is a bubble, it will make the government think again to accept bitcoin as legal payments. Until now the government still learning about blockchain, the technology which used by bitcoin. Once the government can be producing their own cryptocurrencies like bitcoin, they will prefer to use their own coin rather than bitcoin because the price of bitcoin now is very expansive. So, for me the correct question must be "why almost the governments all over the world still don't accept bitcoin as the payments?" 
because for now it is not very trustable and doesn`t give confidence to investors and whoever invests there accepts the risk to lose anything on their hands, so unless it is so volatile it can`t be officially accepted I think
First it's strange to them,they hardly trust anything online that they didn't create by themselves,then bitcoin being a decentralized digital currency that make the government powerless..
the government is afraid of using bitcoin because its anonymous bitcoin can lead to actions of crimes that harm the state such as online crime, extortion, theft and other criminal acts. because the anonymous nature is very difficult to trace its identity.
Government are not into bitcoin first,they don't have direct control over it,its a decentralized digital currency,they don't really trust online transactions..
Government doesn't trust bitcoin because it's new to them. They cannot control it because it's decentralized. It doesn't depend on anyone and its only affected with supply and demand. It is untraceable and it's anonymous so it is susceptible to be used in crimes. But i think that's only their excuse because really, all they want is to tax everyone who has it.
First it's strange to them,they hardly trust anything online that they didn't create by themselves,then bitcoin being a decentralized digital currency that make the government powerless..
First bitcoin is new,anything online government hardly trust it, then I will say they don't have power to control bitcoin.
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.
I think that the time will come when officials realize all the advantages of e-currencies. For now there`re different cases all around the world, every country has its own attitude about bitcoins. Some countries ban it completely other go the path of legalization. I wish there would be legalization of cryptocurrencies and an adequate legislation.
Bitcoin would empower more tax evasion because of the obscurity it gives. Normal individuals still don't comprehend Bitcoin and consider it some sort of scam.We require more open mindfulness about Bitcoin and spread the words via web-based networking media and different stages to let the know the world, Bitcoin is progressive innovation further developed and more secure cryptographic money as time will pass we will see more selection about Bitcoin.
Because bitcoin has no formal basis and regulatory authority, bitcoin is prone to abuse for illegal transactions, money laundering, and financing of terrorism.
This has the potential to cause bubble. Therefore, the transaction of speculative virtual currency values. Not only harm the society later, such transactions can also disrupt the stability of the state financial system.
This has the potential to cause bubble. Therefore, the transaction of speculative virtual currency values. Not only harm the society later, such transactions can also disrupt the stability of the state financial system.
Why, until now, government all over the world still doesn't trust bitcoin?
probably because bitcoin has not been recognized as a globally recognized global currency for trading and bitcoin transactions accessible to anyone and anywhere else maybe bitcoin is too easy for money laundering and fund-raising for crime it may be the reason the government can not trust the government Why, until now, government all over the world still doesn't trust bitcoin?
what do you think? what do you mean the government believes that bitcoin exists, I think every country believes, but if any country still can not legalize bitcoin, it must have its own reason, but now many countries can accept and legalize the existence of bitcoin, hopefully more countries will legalize bitcoin.
bitcoin is a digital currency . it is money in the digital world. inorder to make it stable currency it should be utilized by many number of people for a longer time. when something becomes famous it is automatically used by several other people. the government will recognize its value when the whole world starts using it and hence it will be stable.
When the government has recognize bitcoin, he will ask the high tax for that. Government always make a tax for anything from his people. I think bitcoin doesn't need intervention from government.
Bitcoin and crypto can't go full throttle without the government allowing it. The regulations that most governments will implement isn't just for taxes but it will make sure that certain problems with crypto can be addressed. It's inevitable that it'll be taxed but i think that's a small price to pay for this industry to be able to move forward well into the future.
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