Topic: why do governments don't make BTC illegal worldwide ? - page 16. (Read 8116 times)
it seems that I can deduce from reading some of the information in the media that talks about why the government does not make bitcoin legal all over the world because the government may be afraid of bitcoin whose transactions can be seen by everyone and can be traced.
i think its because btc can continue live if all country ban him and wordlwide ban can rise up big resistance in mass.
By this reason governments search moreeffective methods to stop crypto, and while he can do their job, prices going back for half year
By this reason governments search moreeffective methods to stop crypto, and while he can do their job, prices going back for half year
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 ?
If you are a bank owner, would you like what happened to the post office will do the same to your bank? You see because of the social media site that increasing and very affordable to browse with, the post office in now useless. Why send letter through post office if i can PM and call you instantly? Same scenario to the bank. Bitcoin has a fastest transaction, you send it anywhere around the world instantly , no need to fall in line and no documents needed. Government and big banks will lose their income and taxes if they will accept bitcoin in everything, especially the bank.
People tend towards negativity more than something positive. Thats why cryptocurrencies are used more for negative social causes and if government thinks of banning crypto then people will start using it more and more.
Due to the different problems or different reasons of each government agency in the world,it may be that the governments of countries that ban bitcoin see cryptocurrency or bitcoin as a threat to their nation even if we all know that crypto is harmless.This only proves that there are still many people who have no knowledge of cryptocurrency.
the government does not accept the platform due to the fact that decentralization and can not be domesticated or controlled by governments around the world. it took a long time for the government to come back to an end. and the government recognizes that, even if they forbid it they will not be able to prevent Bitcoin because its miles are decentralized. and as you say lack of knowledge about crypto can be a reason.
Due to the different problems or different reasons of each government agency in the world,it may be that the governments of countries that ban bitcoin see cryptocurrency or bitcoin as a threat to their nation even if we all know that crypto is harmless.This only proves that there are still many people who have no knowledge of cryptocurrency.
The governments are not making Bitcoin illegal because they want to utilize it. Look at every entity that has challenged the dollar. It gets bombed into oblivion and then the leaders slaughtered. Bitcoin is their little pet. Best to get on board.
The governments seek for just one thing and that is, absolute power over all financial affairs in order to control the people and manipulate the economy as they see fit. Bitcoin does not allow that due to its decentralized mode of operation. With this, the governments are always looking for ways to collapse Bitcoin yet to no avail.
Some countries had banned bitcoin because i think that it's outside their laws and jurisdiction of their government but the truth is most countries who supports bitcoin think that bitcoin will help more their economy and somewhat change their lives in the future.
no government can stop bitcoins one thing governments can do is to collect the taxes from bitcoin transactions so they declare bitcoins as commodity or asset
for me not all countries are against the BTC, because I know the bank has my connection to the BTC and the government does not know all about it. it's for me illegally bitcoin here in the philippines
Maybe today numerous legislatures are contemplating on the off chance that they sanction bitcoin, what are the focal points and hindrances,
Much of what they doubt from bitcoin because the system can not be controlled by the government, they are worried about the number of bitcoin transactions in the country will lower the value of the official currency used. In addition all bitcoin transactions are also not taxed so that will make bankruptcy of state coffers, this will certainly impact on the country's development.
Because every government has its own policy against bitcoin. They may not be issuing bitcoin around the world, and there are even governments that legalize bitcoin with prearranged provisions, the characteristics of these governments are usually more open to technology.
The governments already fighting against crypto currencies and bitcoin. But it is not simple to ban.
Crypto is descentralized and can be anonymous, even if government make it illegal, you can still use crypto by p2p, dex or at internacional exchange.
In serious countries, the public opinion counts and if people want to use crypto it will be hard to make illegal.
Crypto is descentralized and can be anonymous, even if government make it illegal, you can still use crypto by p2p, dex or at internacional exchange.
In serious countries, the public opinion counts and if people want to use crypto it will be hard to make illegal.
for the sake of what the government makes Bitcoin legal, it is no secret that in some countries the law is created if there is an interest and every law is purchased by those who have the interest, currently having interests are those who control the economy and the Bank, that's why Bitcoin is rejected in all Banks and in all countries...
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 ?
They could make bitcoin illegal, but it would be useless because people would keep using it, they would slow its adoption but that's all. I also think it would be quite stupid, because some countries for sure will take advantage of the other countries ban: many would move there, move funds, bring money etc etc. 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 ?
Maybe today numerous legislatures are contemplating on the off chance that they sanction bitcoin, what are the focal points and hindrances, I think it is smarter to legitimize bitcoin else it will be past the point of no return and will hurt the nation, in light of the fact that there will be a great deal of cash out of the nation
The government are trying to have ways on monitoring the movement of Bitcoin, so far I think it is still on progress since people use it to flounder money around and they don't want it, but so far it is good since they are letting us use it freely.
most government do not understand the concept behind bitcoin that why they see it as a illegal but as for others is an a venue of improving their economy and they try as much to legalized bitcoin
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