Topic: why do governments don't make BTC illegal worldwide ? - page 12. (Read 8116 times)
You correctly think. Bitcoin is a huge threat to the military and banking system. Governments do not know how to play with it, so it behaves quietly, like a lion on a hunt. I think the result will be visible in the coming year, yet they are developing some kind of regulatory measures.
There are already governments that are branding bitcoin as illegal. But not all especially the modernized and the high technology countries. These modern countries know the value of crypto and how it can help their citizens. This is why many people are investing early because the future is clear that crypto will become very very big in the near future.
Exactly, crypto is becoming a trend in the near future when the development of crypto is too stable and dramatic to many people around the world, especially in developing countries, people know the potential and what crypto can bring, crypto has created a new face for the economy of these countries. The government wants to ban and turn the crypto into an illegal, it is impossible when they will face the power of the people, some governments have lifted the ban, maybe they know everything is too late, the ban is no longer meaningful
The government has difficulty controlling bitcoin and also the government has difficulty in applying bitcoin taxes. The government does not endorse bitcoin because bitcoin can endanger fiat currencies. Fiat currencies are under government control and can be very profitable for the government, and the government will not allow fiat currencies to be threatened.
You are correct bitcoin can influence the bank's framework. However, the issue is even the administrations make the bitcoin illigel around the world. They would not have the capacity to close it completely for a reason of decentralizing ability of it. With the assistance of the innovation on this age. The administration doesn’t have control over all digital currency. the government is still afraid to accept bitcoin to be illegal, because bitcoin prices are so fluctuating that prices can go up or down very quickly. the government does not want to be responsible for public losses.
Yeah i know that bitcoin is now banned in other countries and this is a big breakthrough for bitcoin users and supporters. Bitcoin is known as one of the legal cryptocurrencies in the world and there's no government that can control of it. Bitcoin is now legal worldwide and they cannot control what's inside of it. The price, the value and the supply and demands are vary time by time and it is a good thing because it is not centralized like fiats. Many users are using it for illegal purposes but it is just like fiats.
You are correct bitcoin can influence the bank's framework. However, the issue is even the administrations make the bitcoin illigel around the world. They would not have the capacity to close it completely for a reason of decentralizing ability of it. With the assistance of the innovation on this age. The administration doesn’t have control over all digital currency. the government is still afraid to accept bitcoin to be illegal, because bitcoin prices are so fluctuating that prices can go up or down very quickly. the government does not want to be responsible for public losses.
I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
On that perspectives, banks is the main factors on how we can exchange virtual money to a real money so that's the main point in some of the governments allow BTC to transact on selected banks. It much wiser to used a virtual money than the real money.
Some countries can't make btc illegal because they find it beneficial to their country and industry. They are predicting that btc will help their industry to boost up for improvement that is why they support it and they regulated it.
Many countries are seeing it the other side which is the positive side of bitcoin. It is a revolutionary technology and it is safe and secure. A government should think of it as an alternative to Paypal or other online companies taking advantage of the ever growing online transactions. A real government is something that wants to take care of its people and providing them what best it may serve to them.
That is correct, with time many are gradually learning the benefits of the blockchain technology and its ability to expand their respective economies so not all governments around the world can unanimously agree to rendering bitcoin illegal. A handful of them like China i think will agree to this but not the majority around the world.
I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
I think this is not a threat, even some countries are willing to accept bitcoin, it's just that the state still needs time to find a way or solution from the problems you mentioned above.BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
There are already governments that are branding bitcoin as illegal. But not all especially the modernized and the high technology countries. These modern countries know the value of crypto and how it can help their citizens. This is why many people are investing early because the future is clear that crypto will become very very big in the near future.
The answer is not possible because it could lead to the problem in the country, for the case of trivial alone could cost the state, let alone with digital currency may be a little complicated to set up to the Constitution in it.
I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
Bitcoin and blockchain is risky. The government is afraid of this because this could be used by those selfish people. It can be a help or q disaster to people.
They don't do it illegal worldwide , because alo they are buying bitcoins also they are investing in it , they understand the importance of cryptos , that's why I think they don't make illegal worldwide ...AS you know they want to be more rich ....
I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
I think the reason behind the banned that some countries do, is because they know how risk bitcoin was. Beside that every country has different rule regarding to bitcoin. BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
If governments outlawed bitcoins, so many conundrums would be enlightened in understanding the financial tyranny that would become so obvious. And the governments would lose the consensus even more.
Even if they wanted they would not do it. It's already too late. They will have to adapt.
I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
I think this is not a threat, even some countries are willing to accept bitcoin, it's just that the state still needs time to find a way or solution from the problems you mentioned above. BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
but what if btc would serve as a currency which is quite good for the governments as well politicians who are in it. Wouldn`t be there much more opportunity, to use it for their own interest ? So why make it illegal.?
the reason why governments don't make BTC illegal worldwide is they can't control bitcoins bitcoin is completely on public control decentralised network
It seems to me that banks are beginning to implement their own detachments, privately owned. Just about this is not destroyed, I think the results will be seen in 1-2 years
The governments may not want to legalize Bitcoin because they feel it might not be in the interest of the commercial banks and the central banks as well. If Bitcoin is fully legalized, most people will ignore the banking halls for their financial transactions.
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