Topic: What Can Be Done To Make Government Legalize Bitcoin - page 4. (Read 3521 times)
I think it will be difficult to fight the government and they even continue to motivate people not to invest in bitcoin and other crypto currencies. This has the potential to cause a bubble. Because speculative virtual currency transactions. Not only does it harm the community later, such transactions can also disrupt the stability of the country's financial system
hey guys, there is a piece of news today, we can discuss further.
If we consider big banks as institutions in the USA, and they support or even encourage trading with crypto currencies,
can we infer it is a first step in the legalizacion?
Have a look at this
https://cointelegraph.com/news/bloomberg-morgan-stanley-plans-bitcoin-trading-for-clients
If we consider big banks as institutions in the USA, and they support or even encourage trading with crypto currencies,
can we infer it is a first step in the legalizacion?
Have a look at this
https://cointelegraph.com/news/bloomberg-morgan-stanley-plans-bitcoin-trading-for-clients
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.
Nothing , since even if we try to convince them they just do whatever they like and that is to ban bitcoin. Its really difficult to find some idea on how are we going to do this. Maybe government can accept bitcoin when they can already control it. 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.
All that needs to be done and this happens every day. it's enough to type "bitcoin news" in Google and you will see for yourself how much happens every day.
I think bitcoin will find it difficult to get bitcoin legality because it has the purpose of creating coins that cannot be controlled by a government. If it can get the legality of bitcoin it will be able to be above by the government itself. 
I think there shouldn't be this sort of high volatility in bitcoin price. then more people join with this and will do transaction adapting to bitcoin. then it will become a norm. more and more people will use. then naturally governments will have to accept bitcoin as a form of payment
as soon as the governments will see an interest into btc and crypto market than they will race with each other to legalize it. What can be done is to share the benefits of the tech side more than the being rich scheme.
Again, allow me to emphasize that bitcoin is not illegal per se. Unregulated, yes. But illegal? I doubt.
The problem lies in the government not being ready for the existence of digital currency. Who would have thought that digital cash can happen as early as 2009? No one anticipated. Moreover, no one thought that it would be possible to have a system of payment that does not require a central authority. And in this case, banks became irrelevant as they serve no intermediary purpose between user's transactions.
Then Bitcoin was designed to be permission-less. No one can restrict or impose its' usage. Here, the government becomes irrelevant. With pseudonymity in place, the government felt it is a direct threat to its sovereignty.
Perhaps it is under these impressions that Bitcoin seems to be illegal when it is not, rather, unregulated because the governments was never ready for cryptocurrency.
The problem lies in the government not being ready for the existence of digital currency. Who would have thought that digital cash can happen as early as 2009? No one anticipated. Moreover, no one thought that it would be possible to have a system of payment that does not require a central authority. And in this case, banks became irrelevant as they serve no intermediary purpose between user's transactions.
Then Bitcoin was designed to be permission-less. No one can restrict or impose its' usage. Here, the government becomes irrelevant. With pseudonymity in place, the government felt it is a direct threat to its sovereignty.
Perhaps it is under these impressions that Bitcoin seems to be illegal when it is not, rather, unregulated because the governments was never ready for cryptocurrency.
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 if we put tax on it government will make bitcoin legal in our country. Actually there are so many humor about that government wanted to control bitcoin.
very difficult to explain to the government because the most important thing in the minds of the government is that people who corruption will be difficult and cause the collapse of the currency price of the country because many people will use bitcoin and leave the currency of the country.
it seems that bitcoin is going to be hard to get the bitcoin legality because I see bitcoin has the purpose of creating a coin that can not be controlled by the government whereas if you get the bitcoin legality usually bitcoin can be controlled by the government. 
I agree with you there. First thing bitcoin isnt illegal! Its not something life threatening to be illegal. Also the government also knows about this for sure. No chance that they dont. And if they find this illegal, they can shut this down.
We suggest to inform our politicians that in a long list of non-suspicious and modern countries like the ones showed in the attached map, blockhain-based projects and then crypto-benefits is at least not banned or even welcomed, as he foresees massive oportunities for citizens and even for government agencies and bodies
https://www2.deloitte.com/content/dam/insights/us/articles/4185_blockchain-public-sector/figures/ER_4185_figure1.png
Do u agree?
Do u know other countries or projects being developed right now?
https://www2.deloitte.com/content/dam/insights/us/articles/4185_blockchain-public-sector/figures/ER_4185_figure1.png
Do u agree?
Do u know other countries or projects being developed right now?
The reason is the reason Bitcoin showcase is brimming with benefits, and the administration dont need to pass up on these chances.
So they are investing more energy to search for circumstances and principles to control Bitcoin.
So they are investing more energy to search for circumstances and principles to control Bitcoin.
If the government decides that it is expedient to legalize the crypto currency, then they will do it. I think that we will not be able to influence their decision in any way. They have their own criteria and goals.
I do not think that the government will not make Bitcoin valid. Because it will not be able to pay any kind of price tax. Moreover, the government can not control any type of government. And many people will scam the price tax. But it may be that the government can give permission. But that day is far away. Because there are so many say aspects, so there is a lot to say.
The only thing we can do is start paying tax to government. People are now days using bitcoin more rapidly than fiat .They're ignoring there coutnry's currencies which mean they're not paying tax.So the first step is paying tax to government
i totally agree with you. Tax is the main reason why government does not accept bitcoin. Why don't we think about putting tax? 
Yes, it's true that our biggest challenge is making bitcoin authorized by the government. on the other hand, the government is afraid of the fall of their currencies, but everyone has used bitcoin and wants bitcoin to be authorized by the government. Maybe by giving tax to the government or by agreement can be done and discussed with the government of the country concerned.
The only thing we can do is start paying tax to government. People are now days using bitcoin more rapidly than fiat .They're ignoring there coutnry's currencies which mean they're not paying tax.So the first step is paying tax to government
Money laundering by using bitcoin is a main concern in many governments and that is a major reason countries like India, Sri Lanka, China and other countries have already warned people about the use the cryptocurrencies and there are some countries who have already banned cryptocurrecies entirely inside there countries so what can we do is to show the good side of bitcoin more and as users we can do more to eliminate bad use of bitcoin and which is a difficult think to do but if we want governments to accept this should be done
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