You are the people with the vote. You should hurt them where it hurts them the most... at the voting poles. If your
government is against Bitcoin, then you should replace them with a government that are Bitcoin friendly. I feel strong
enough about Bitcoin to change my vote, when it comes to the next general election. Are you? You should also concentrate
your attention on the positive things that Bitcoin bring to your country. {New Jobs / New Tax / New tourism potential}
Topic: What Can Be Done To Make Government Legalize Bitcoin - page 24. (Read 3521 times)
nothing much to be done,
let them see what bitcoin is capable for the people of their country.
BTC will give be impact in the whole world and will help people who are not rich to grow their funds and have a new life.
once this happened which is happening now in process, governments will legalize bitcoin for sure.
let them see what bitcoin is capable for the people of their country.
BTC will give be impact in the whole world and will help people who are not rich to grow their funds and have a new life.
once this happened which is happening now in process, governments will legalize bitcoin for sure.
Well bitcoin is not yet popular in other country and has not been noticed by all countries so it just need some time until it gets legalized by the country to be part of the worlds cryptocurrency. We all know that governments and banks are usually working together so it might be really difficult if in our countries there won't be any support for keeping cryptocurrencies legal. Some countries with economical problems have already banned Bitcoin. Bitcoin to be accepted needs to have a stabled value but in that idea bitcoin will just be a currency rather than an investment.
I think what the government should do to make users safe is one reason Bitcoin Users are increasing as well as national legislation programs.
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 believe the strongest argument for governments is that if you don't legalize bitcoin, you can't legalize blockchain. And blockchain is carrying real value for many fintechs, so they would go against themselves...
I think that officials will realize the need of legalization of cryptocurrencies as soon as more and more institutions and people are involved in the industry. To legalize such important thing that affects people`s lives politicians should know all the advantages and disadvantages of cryptos. There`re no signs of soon death of fiat money but more widespread implementation of cryptos will ease many processes and gave people more opportunities for their wellbeing.
There is very little or almost nothing we can do to make the government legalize BTC, Governments operate on different policies and we cannot have a deciding factor on how they operate. The only way Governments will ever legalize BTC is if they are able to trace its transactions and tax it. That way they will be able to closely monitor it, It will mean BTC will lose its independence bu the concerns such as its use to fund criminal activities will be sorted out the government
It is the govts themselves who should find a way to regulate and afterwards legalize Cryptos. Being in this business is quite profitable and would be a win-win for both govt and businesses.
It's hard for governments to regulate something beyond their control. And I doubt even though the governments successfully regulate it, the regulation will be biased and centralized. In many cases, governments will only try to remove the decentralized essence, and forcing all the business deal with cryptocurrency required a KYC verification.
They feel it’s far easy to ban Bitcoins than to regulate am sure they considered the pros and cons before they came to such a decision but I believe Bitcoins later tend to be come a source of capital for every country that decides to legalize and and regulate it lik how people pay taxes whenever they convert their BITCOINS to FIAT.
There is very little or almost nothing we can do to make the government legalize BTC, Governments operate on different policies and we cannot have a deciding factor on how they operate. The only way Governments will ever legalize BTC is if they are able to trace its transactions and tax it. That way they will be able to closely monitor it, It will mean BTC will lose its independence bu the concerns such as its use to fund criminal activities will be sorted out the government
It's hard for governments to regulate something beyond their control. And I doubt even though the governments successfully regulate it, the regulation will be biased and centralized. In many cases, governments will only try to remove the decentralized essence, and forcing all the business deal with cryptocurrency required a KYC verification.
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.
This is true. 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.
So sad in my country using bitcoin to trade, i mean if you buy something this is illegal action, so if police known someone using cryptocurrency to trade you will go to jail, and i hope my goverment will follow japans goverment to legalize bitcoin and other crypto . 
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.
We just need to make them see that bitcoin is not at all bad it just functions the same as the physical money that we are using and depending on the person using it it can be both good and bad. That is why a knowledge and information drive is important that way, a single voive can turn into a combination of the voice of a massive community that can inspire or force them to make a move regarding their discretion on what bitcoin and the cryptocurrency market is
There is nothing much we can do beside trying to convince politicians not to prohibit cryptocurrencies. We all know that governments and banks are usually working together so it might be really difficult if in our countries there won't be any support for keeping cryptocurrencies legal. Some countries with economical problems have already banned Bitcoin. Fortunately, South Korea seems to understand why Bitcoin is important and they are not going to ban it. I still think that it's too late for governments to get rid of Bitcoin by trying to make buying it more difficult.
We need to use bitcoin on a massive scale, also, we need to help the Bitcoin community by starting accepting Bitcoin as a regular payment method, I think this might help to achieve government acceptance.
Reasons why bitcoin is not allowed in some countries is that they couldn't put taxes on a currency they are not able to touch or even controll. Bitcoin is an online currency in which its value is volatile meaning the value is uncertain i doubt government would bot he pleased if a person with bitcoin used it as a payment in which the value rose.
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 reason why government is banning bitcoin is because of its uncertain value that goes down and goes up because this is very harmful for someone using it and using it as a currency in a country might cause mental and might cause loss in profit and a downfall in currency. Bitcoin to be accepted needs to have a stabled value but in that idea bitcoin will just be a currency rather than an investment.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.
It is very clear from the attitude of governments of several countries that they are not in the favour of bitcoin and various countries of the world are not in support of bitcoin as a means of payment or not even for the trading purposes because they do no find bitcoin to be that much reliable and feels that it is not trust worthy enough because bitcoin transactions are involved in selling drugs , explosives, money laundering etc and they do no want to put their national security at risk. Government need to understand that bitcoin has that potential to be very great and it has reduced poverty to a very great extent and has provided employment to millions of people. 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 always thinks about negative things for bitcoin, especially always thinking in money laundering and terrorist financing, but the government is not looking for a solution to it all, because we know with a decentralized system it can prevent negative hang things because it is easy to track transaction.
What we can do is to do what is right. Cooperate with the government's policy for Bitcoin. If we cooperate, Bitcoin will be legalized. Though it will eventually be regulated, our source of income will continue and their speculations/concerns will be answered. If they get tax out of it, so be it. At least we are not breaking any law and we still have Bitcoin.
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