Topic: What Can Be Done To Make Government Legalize Bitcoin - page 25. (Read 3521 times)

We the normal people could do nothing in this regard.I ts only up to the government authorities to decide whether to legalize bitcoin or not.

there is not much we can do for the government to legalize bitcoin, as some countries still have fragile economic conditions as well as their respective problems.
If we want them to legalize maybe we should give valid evidence and reasoning that "bitcoin is something worthy of legalization, and a country will actually benefit from it"

In my opinion, what will make governments worldwide to legalize bitcoin and cryptocurrencies generally is regulations. Once the governmens are able to regulate it, they will bring it fully under their control and from there they can decide how they want cryptocurrency operated in a way to discourage financial crime and terrorism financing.

The government has to give it control over it to legitimize it. Bitcoins will have to be concentrated. Bitcoin payment system needs to be improved and strengthened. Transaction move will be made more quickly. This system has to be sponsored. Bitcoin beneficiaries and main objectives across the country should be highlighted in front of everyone. To contribute its contribution to the country and the nation.

Currently, I don't think any governments control Bitcoin. Governments use laws to control things, people, situations. In order to control Bitcoin they need to set laws for it. The laws can be good or bad for Bitcoin, and ultimately the laws would be hard to enforce. Because the government didn't create Bitcoin, and no single person or even group of people can control Bitcoin, they will need to try and use laws to control it.

Governments should set up a certain amount taxes on bitcoin and give a good chance to transaction among trust bank to transaction and trading and mining.

we are in dire need of regulation?

do you know what you are talking about,

if you want regulation, why do you break existing regulation then?

there was regulation before bitcoin and it said clearly = bitcoin is illegal the gay national banksters are the masters and everyone else is their money earning cattle, you arent supposed to create money, like them

you can do nothing actually, because only governments with a broken financial system like in western europe (germany/france aslo usa, uk)

will approve bitcoin, same is for japan, but they will face the consequenzes of an extremely confusing cryptoeconomics.

regards

The only way we can make the government hear or even try to deem that we are still alive and that we are in dire need of a regulation. Is that we have enough of our population have an active voice in society and this happens when we have a large number of influence due to the information drive that we should seek to further with the use of forums such as this or instructional videos in which we can really make a difference I do think that this can be made to hear

The governments are still not positive on legalizing bitcoin because it is a decentralized currency and there is no authorotative control over it and governments will not allow any currency in the legal system where it has no control and chances of tax evasions are more.Still governments realize that btc can boost the nations economy and are setting up some committies to take legal steps against it and slowly they will realise its importance.

You can challenge the decision of government in court. This is already being done in India where a writ is given against the latest RBI decision.

The governments' allegations on bitcoin is based on points which they have no solid prove. They see bitcoin to be a source of funding terrorism and other money laundering businesses. But the question is, "is the USD not capable of the same funding of terrorism?" I believe strongly that the hidden agenda for their claims is basically due to the fact that Bitcoin takes the power back to the people through its decentralized financing.
Anyway, the governments wish all bitcoin avenues to integrate KYC and AML in their operations before considering it as legal.

Some countries have legalized bitcoin while others have either banned it or just stay neutral about it. Some think that it is because of grid but for me I think it on the other side, maybe the government just don't want their people to get blinded by investing in bitcoin after all it is not backed up by anything. If anything goes wrong in bitcoin that made people lose their money they cannot do anything about it anymore because nowhere we can find anyone to complain for since no one owns bitcoin.

The only way government will consider accepting bitcoins is if the price can stay stable and doesn't vary like it does now. Over the period of last five years government has realized the value of blockchain technology and it is really considering using it in their systems. Once we see a wide adoption of blockchain, we will eventually find more usage of bitcoin and then maybe government will considering accepting it.

All you can do is express your genuine opinion about bitcoins on social media and other online forums. If more people start investing and benefit from it, government will also start appreciating crypto.

With the internet and how much widespread knowledge there is about Bitcoin, if they haven't gotten it yet perhaps they never will. Or perhaps they have understood what Bitcoin is and are threatened by what it could do to society. After all that is what they thought about the internet right? If we can't control them, all hell will break loose. Well they were wrong about that one, and they are wrong about this one. I expect the status quo to get challenged in the near future, and governments can either fight it or accept it. It will happen regardless of what their will wants.

Some countries had been trying to adopt the technology,and most of these countries are open for the massive adoption for example japan is fully legalized the use of cryptocurrencies,you can shop ,buy anything using bitcoin as most of these small merchants has cryptocurrency payment options.I doubt bitcoin will ever be fully implemented to most of the countries but most of those countries will surely going to be late for the technology few years from now.

a handful of powers is more effective than a basket of truths perhaps this is the correct saying word to describe the current state.
if the government wishes people can not do anything.
but suppose if the government were aware and willing to adopt Cryptocurrency clearly then this would be a big advantage.

Sooner or later cryptocurrency will be legalized worldwide. We are moving forward with technology and cryptocurrency specially bitcoin as the first one is the most promising innovation together with the blockchain technology that the society or even government will acknowledge and adopt to it. Some people that is in the government doesn't have lots of information or knowledge about the advantages of those innovations. Instead of focusing on the negative side of bitcoin, why not think or try to look at the bright side of it? Bitcoin and blockchain has still lot to offer in the future and I do believe that it will be used worldwide few years from now.


Bitcoin is pseudo anonymous so the government shouldn't worry about bitcoin being used in illegal transactions since it can be traced. That is why most of the exchanges nowadays are requiring us to do KYC cos that's what the government want for them to regulate taxes and execute proper laws to those people who are trying to use bitcoin in illegal means.


If you're referring to banks and other companies catering modes of payment online I don't agree with you that they'll gonna go down since bitcoin as we all know has higher fees and sometimes the transactions are too slow to confirm. They'll just coexist cos they offer different fees and laws depending on what country you are.

The only way governments can legalize bitcoin is to make sure they can exercise full control over bitcoin transactions. For now, governments of some economies believe bitcoin is a medium for instigating varied nefarious activities; which makes it difficult to gain acceptance. I think it can therefore be centralized when governments fully understand the importance of bitcoin and blockchain technology.