Topic: What Can Be Done To Make Government Legalize Bitcoin - page 10. (Read 3521 times)
I agree with you. Some countries have indeed legalized bitcoin as currency but for side who hate, bitcoin is a threat for they assets. Indeed bitcoin can't forged but bitcoin is shaped digital not physical like another currency. And my question is how to reduce that risk? How about that?
Is no longer news that various countries of the world are not in support of Bitcoin either as a means of payments or for trading purpose. This are been a challenges most Bitcoin users are facing throughout the countries of the world inexception of few countries.
I have begin to see it that maybe they are thinking that adoptions of Bitcoin might bring a partial collapse of the banking system and also a means of curbing money laundering.
So, let hear your views on what can be done to make our government realised the important of Bitcoin and Blockchain Technology.
For me , I think they will legalize bitcoin if they are able to control it. We cant force them . It depends on them if they want ro legalize it and if they think that it has positive outcome on their country. Well we know that other people used bitcoin for illegal purposes so some of them thinks that its not good for their country. Lets just hope and accept their decision. I have begin to see it that maybe they are thinking that adoptions of Bitcoin might bring a partial collapse of the banking system and also a means of curbing money laundering.
So, let hear your views on what can be done to make our government realised the important of Bitcoin and Blockchain Technology.
Is no longer news that various countries of the world are not in support of Bitcoin either as a means of payments or for trading purpose. This are been a challenges most Bitcoin users are facing throughout the countries of the world inexception of few countries.
I have begin to see it that maybe they are thinking that adoptions of Bitcoin might bring a partial collapse of the banking system and also a means of curbing money laundering.
So, let hear your views on what can be done to make our government realised the important of Bitcoin and Blockchain Technology.
As we all know that many countries has legalised bitcoin transactions in their nation like South Korea, japan, Germany, Brazil and few more countries and these countries are witness that after the legalisation of bitcoin , they has made a tremendous progress in their countries, a boost in their development and increment in the GDP of the country and I think all the remaining countries should once look at these statistics and should think once that how much the legalisation of bitcoin is beneficial for the nation. I have begin to see it that maybe they are thinking that adoptions of Bitcoin might bring a partial collapse of the banking system and also a means of curbing money laundering.
So, let hear your views on what can be done to make our government realised the important of Bitcoin and Blockchain Technology.
Bitcoin isn't in doverment interest, because thay will have problem taxes. Problem of low taxes. And nobody can control bitcoin, so some stupid people can loose their bitcoins and nobody can help them. What they will do?
No government can be pushed beyond what they think is good for them at any given time, whether it amounts to selfishness or otherwise. Countries like Germany, South Korea etc were not compelled by anyone but they embraced it once they see the reason. Many other countries will do same.
Actually I think we cannot do much for making the government legalize the Bitcoin. The government has the ultimate power to take any decision. Whenever there is any negative news about crypto in the market people start selling out their investments. So the only thing we can do is to hold on to Bitcoin and show our full faith and trust in it so that government is forced to legalize it.
I do not know how the rest, but I plan to put in my city bitcoin-terminal . Maybe it's not be so popular now , but in nearly future...
From my point of view, The government only accepts Bitcoin if bitcoin can be decentralized and the government can control them
nothing needs to be done by the governments themselves will come to this and soon!
I myself think that we cannot do anything to legalize bitcoin, except to continue and increase the use of bitcoin in our daily life, i think that as soon as the bitcoin users will increase there will be more chances for bitcoin to become legalize, i think if we will increase pressure on our government , they they may be start thinking about to legalize bitcoin.Is no longer news that various countries of the world are not in support of Bitcoin either as a means of payments or for trading purpose. This are been a challenges most Bitcoin users are facing throughout the countries of the world inexception of few countries.
I have begin to see it that maybe they are thinking that adoptions of Bitcoin might bring a partial collapse of the banking system and also a means of curbing money laundering.
So, let hear your views on what can be done to make our government realised the important of Bitcoin and Blockchain Technology.
I have begin to see it that maybe they are thinking that adoptions of Bitcoin might bring a partial collapse of the banking system and also a means of curbing money laundering.
So, let hear your views on what can be done to make our government realised the important of Bitcoin and Blockchain Technology.
Maybe I don't think government will accept the use of bitcoin. First and foremost is that it cannot be controlled by anyone. Because of this, government will not be able to trace the users of bitcoin. Reality speaking, government sees thing important if they have the power to regulate it. Also the issues involving bitcoin must be proven to be false for them to consider it. Well, we users should advocate and spread more words about bitcoin to get more investors.
nothing needs to be done by the governments themselves will come to this and soon!
I myself think that we cannot do anything to legalize bitcoin, except to continue and increase the use of bitcoin in our daily life, i think that as soon as the bitcoin users will increase there will be more chances for bitcoin to become legalize, i think if we will increase pressure on our government , they they may be start thinking about to legalize bitcoin.
they will understand that there are many advantages for everyone and will do this in the future. nobody knows how much time is needed maybe 5 years or more but this will definitely happen
Many governments fear bitcoin for use in illegal purposes. In my opinion, we should present any regulations that would make our government aware of the importance of bitcoin and blockchain technology. I think bitcoin is very beneficial because by using bitcoin, my economy gets better. But we are bitcoin users not to worry about this because the government is not our parents and not our god.
I think for governments to legalize bitcoin first they should understand and see the positive or bright side of it by understanding the true potential of bitcoin as a currency and a an investment asset which is happening today for some extend but according to my understanding it is not enough due to that many governments knows only about the illegal things that are done using bitcoin potential features by criminals and bad business people which could happen for any new invention. I hope there will be a huge change in this situation in the near future
Nothing because it is the government find its way to legalize bitcoin in their country. As some of the countries nowadays are adapting and accepting cryptocurrency through regulations and even ICO projects should be registered in a concern government department that will surely ensure people that will going to avoid scam ICO projects. This will encourage also to some people to join in cryptocurrency.
For my opinion, what can be done to make the government legalize the Bitcoin is in our hands. I think that if all of the people will use the crypto currencies as their medium for payment transactions then I think the government has no choice but to be able to allow and accept the wants of the people to engage legally in Bitcoin or the other crypto currencies.
States are not afraid that bitcoin will destroy part of the banking system, because bitcoin does not have this capability. I think if the blockchain system would send to the deadline and the government's condition to regulate its functioning in the market would be a factor to accept government support for electronic money. They are afraid that their people may be scammed and they will not be punished for such crime.
It is necessary that citizens start using electronic money in large numbers and through them affects the government of their country. Bitcoin and other types of electronic money can only lose part of the bank. I think if the blockchain system would send to the deadline and the government's condition to regulate its functioning in the market would be a factor to accept government support for electronic money. They are afraid that their people may be scammed and they will not be punished for such crime.
Any man can not force any government to legalize bitcoin. The security of this bitcoin is creating a danger for governments to publicly allow their citizens to earn income. their. It's not just about decentralization and the government is doing this because it can not control bitcoin, it's not like that. Even if bitcoin, which is as popular now, is supported by some private companies, governments will not have any problems with it.
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