Topic: What Can Be Done To Make Government Legalize Bitcoin - page 18. (Read 3521 times)
The government, under the overall development of a country and leading the country forward, Financial development is one of the main issues. Bitcoin can play an important role in this main issue. Not only this, it also plays an important role in creating huge jobs. There are more examples of these types of things that must be given legitimacy to Bitcoin.
Most of the government see the bitcoin as scam, maybe if other people don't use bitcoin in thier scamming activities I think government will give a chance to bitcoin to be legalized. But since media was very powerful, and there are some acitivities involving bitcoin in scam, government see this as a threat with us consumers so they won't just easily allow bitcoin in the financial services.
They should know that bitcoin is not a scam, and let bitcoin scam free, and they should prefer and put many safety precaution before using and selling bitcoin, and give some proofs that bitcoin can really give a hand to that country. Prove that bitcoin can help the country to get out from the poverty. All access should be in the banks and let the banks be a part of the cryptocurrency or the bitcoin. Thats why bitcoin is really helpful.
Perhaps the best way to get a government to accept bitcoin is to provide the fact that bitcoin is a good and positive thing like ease in a payment system, a medium of exchange, and can be an asset for an investment. As well as convince the government that bitcoin can merge and adjust to the financial and economic regulations of the country.
For today is there a big corruption inside the coutry controled buy government, regulation of Bitcoin is not profitably for them
Government must to do great job inside the country with safety of data, because for real time it is not safe to do any transactions
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 think the government is already know the facts about bitcoin and we dont have any power to change their mind, the thing is their decision will always be up to them so I think they need a lot of time to analyze and to make another decision to legalized the bitcoin into the countries that banned bitcoin recently. 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 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...
Maybe it's not be so popular now , but in nearly future...
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.
Most country wont regulate bitcoin for payment because central banks prohibiting. Banks lobby on government is too much strong and thats why government ban bitcoin with reasong bitcoin used for criminal activity.
Blockchain is usefull technology and i think government should be use it for their service to citizen. With blockchain, government will creating transparant service because blockchain can use for any purpose
Bitcoin is legal and not a security
All other coins, esp ETH, EOS, XRP, ..... are
https://www.cnbc.com/video/2018/06/06/sec-chairman-cryptocurrencies-like-bitcoin--not-securities.html?play=1
Some say BTC LN is sec as well.
All other coins, esp ETH, EOS, XRP, ..... are
https://www.cnbc.com/video/2018/06/06/sec-chairman-cryptocurrencies-like-bitcoin--not-securities.html?play=1
Some say BTC LN is sec as well.
For me, it is just like a merit because in order for you to get a merit from other people you must construct a very useful information. So in this case, if you want bitcoin will be legalize by the government you need to make an action by just informing them about butcoin and the opportunity it will bring.
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.
bitcoin currencies using technological advances and advancements so I think bitcoin will flourish and the government will also use bitcoin as technology develops and the era 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 think goverment has a idea about crypto but as i can see no one pass it in a senate.. I dont think they will support crypto. Because it will affect the own currency.. And some will people invest without taxes to the goverment.. So i think it's difficult to legalize bitcoin..
It's hard to make them accept and legalize bitcoin because it can affect on fiat money value or encourage illegal action.
We must not let scam website/ico and scammer survival by bitcoin.
We must not let scam website/ico and scammer survival by 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.
If the people who are creating bitcoin will come out and talk to the government so that the government will make an action to be legal in a different country only the decentralization and anynomity of bitcoin can push the government not regulate bitcoin in such country.
Right now media and governments are not in the mood of legalizing the bitcoin. Even some countries announced it as banned even there is no evidence of it. We need to understand the power of cypto currency first before fighting for the legalization of bitcoin. There is a lot of negativity in the market and investors are stepping back to save their money.
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.
If the people who are creating bitcoin will come out and talk to the government so that the government will make an action to be legal in a different country only the decentralization and anynomity of bitcoin can push the government not regulate bitcoin in such country.
We are talking about decentralized currency now,cannot be controlled by central authority. I think the only way by which bitcoin can be forced to be legalized is through mass adoption,if majority of the population in a country start accepting jt ,then government will give it full support.
Although bitcoin is decentralized, it requires the legality of a government to be used by people in the country. If the government has banned the use of bitcoin cannot be done freely. The government has full authority over the existence of bitcoin in the country, of course, in terms of its use.Yes because in many cases bitcoin can also affect the specific currency of a country, it can affect the economy so that it is needed to be legalized.
Even if you legalize Bitcoin or not, it will still affect the economy of a country for maybe a little since Bitcoin holders and investors don't really use their Bitcoins because they are just holding it waiting for the right price to come and then they will be selling it at that time. Government has their own decisions and ideas about it and we don't have that power to stop what they want to do.
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.
I think we cannot do anything about that. But if there is a chance, I believe the best thing we can do is to spread positive news about bitcoin and how it change one life. Likewise, spreading the benefits of crypto will make the government thinks that its actually a beneficial to us.
The major and the mosr crucial reason because of which many countries are stepping back in legitimizing or legalizing bitcoin transaction, and even talks about banning it is the fact that their is no institutional or authoritive backing behind bitcoin. What if something tremendously wrong happens in the bitcoin world and citizens lose huge amount of funds, who is responsible? Whom shall we complain? Is there any backing or authority against which we can protest? Or atleast ask help with?
This anonimity of bitcoin is making is risky for governments to openly allow its citizens to vest their income into it. Its not only about decentralized thing and that government is doing this because its not being able to control bitcoin, its not like that. Even if bitcoin was, being equally popular as now, backed by some private company, the governments wouldnt have any problem with it.
So the matter of fact is that we at ground level cannot do much except for bring about more and more trust over bitcoin in the market, and may be by seeing huge user base and trust, government might consider legitimising bitcoin transactions.
Perfect mate,the assurance of every people whos invested and will investing here is the most relevant issue why governments of many countries dont want to support bitcon or all cryptocurrency its upon them why they are banning this to make sure no one will be victimized ,until time that this community proves its legitimacy and reliability but for now letsccept this things This anonimity of bitcoin is making is risky for governments to openly allow its citizens to vest their income into it. Its not only about decentralized thing and that government is doing this because its not being able to control bitcoin, its not like that. Even if bitcoin was, being equally popular as now, backed by some private company, the governments wouldnt have any problem with it.
So the matter of fact is that we at ground level cannot do much except for bring about more and more trust over bitcoin in the market, and may be by seeing huge user base and trust, government might consider legitimising bitcoin transactions.
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