Topic: What Can Be Done To Make Government Legalize Bitcoin - page 9. (Read 3521 times)
I'm sure the government will never approve bitcoin, even though bitcoin with its blockchain technology is fairly safe for data storage systems, but we can't do anything to convince the government to approve bitcoin, because all this time the government's view of bitcoin is always negative and consider bitcoin to be a high risk in the financial system
In order for governments to better legalize bitcoin, it is necessary that bitcoin is used primarily as a payment system, and not as a means for investment. However, people will not cease to see in bitcoin mainly an asset, which is constantly increasing in price. It should be recognized that if people stop seeing it as a means to invest in order to make a profit, bitcoin will lose much of its popularity. It is also necessary that bitcoin is much more stable in price. This is also impossible to achieve because of its decentralized nature. Big volatility bitcoin existed and will always exist. Governments also do not welcome the relative anonymity of bitcoin and its very high cost compared to national money. I do not think that something can be fixed.
in my country bitcoin is prohibited from using transactions, but if it's used for investment it's OK, every country has its own policies, with more and more bitcon users, maybe many countries will change their views about bitcoin and legalize bitcoin as payment
in my opinion, all that depends on the government that gives regulations in their respective countries regarding the rules to legalize bitcoin because not all countries legalize bitcoin so it might be very difficult to make bitcoin legalized or accepted in their respective countries
do bitcoin mass decentralized and anonymous our task with the government is the main preservation of the regulation of monopoly on breathing do not breathe and rengen all coins
This tool needs more time, the adoption goes gradually but in the right direction
Actually, bitcoin is a currency on which no company or agency had a control and also it is not easy to be hacked or monitored by any irrelevant person.Also, nobody is responsible for any unexpected rate variation in bitcoin trading world and that's why investors find them in a great risk and this constraining the governments to to prohibit the use of bitcoin and thus bitcoin is passing with worst situations.
the day is not so far when cryptocurrency will legalized world wide. now so many people in the government doesnt have knowledge and information about advantage of blockchain technology. instead of focusing on negative side of bitcoin, why not to try to see best and positive side of this great technology or 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.
It depends on them if they want to legalize it in their country. They had the power to take over on the different decisions. But if they dont have any interest or plan on making bitcoin legalize in their country then we cant force them. 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.
First of all, the bitcoin price must be stable rather than sharply changed.
We can't force them. It depends on them if they want to authorize it and if they think that it has positive results in their country. We know that other people use bitcoin for illegal purposes so some of them think that is not good for their country. Let's hope and accept and respect their decisions.
I think all we need to do now is to make them is the true future and value of this currency them fine interest in it so that they will understand the security beside it and secondly we need to stop posting unpositive post about this currency.
I see time to be the only thing that can make government to legalize bitcoin, as times pases by so people become aware of the power of bitcoin with time a generation of leaders that believe in bitcoin shall come into governance hence its legalization
Tax structure for bitcoin and other crypto currencies may be helpful in this regard. They are just afraid of losing their taxes,although it can be more helpful in term of earning. They need to be educated about the block chain technology. I don't know why they are not ready to move with the technology advancement. Old technologies are obsoleting rapidly. They might think about this when it become necessary for them to adopt this...
Nothing can be done to make the government legalize Bitcoin because Bitcoin is a decentralized currency and there is no control for the government in Bitcoin and no third party interference in Bitcoin transactions .Only the government with broken financial system will approve Bitcoin like the Western Europe, Germany,France etc they have faced several financial issues so they had to accept Bitcoin for the development of their economy . Even Japan has also legalized Bitcoin .
Governments and states are at a loss, they do not know how to behave with absolutely new and still little known technology. But I hope that the followers of blockchain can realize this idea in practice!
The governments have made up their minds not to accept or legalise btc and nothing can change their minds except they sit down and realise what they are doing and come back to their senses.
I think the most important thing is to continue to believe and use bitcoin for your own purposes. Invest in it, use where possible. This is the best support for bitcoin in my opinion. Perhaps in the future, governments will have to consider with cryptocurrencies.
The bitcoin as a crypto currency is still very young and has not been noticed by all countries so it just need some time until it gets legalized by the country.
Bitcoin only needs time. The government should realize what are the importance of bitcoin especially to the economy. As you can see, in every country there are more likely people who are poor, rather than those who can eat 3 or more times a day. This only means that there are more poor people, and with bitcoin, it can help.to.lessen or even eradicate poverty because of its function in the society of today. Bitcoin can give work to individuals who are unemployed. Bitcoin can help.us to have a brighter 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.
I think that the lack of legalization Bitcoin is due to the fact that the government is not sure about the real cost of BTC.
At this point, Bitcoin's value reflects the degree of investor confidence in him.
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