Topic: why do governments don't make BTC illegal worldwide ? - page 25. (Read 8116 times)
they are making so much money from it, so its impossible to make it illegal
with this, everything is clear. no government will like that people can make transactions with the crypto currency absolutely without their intervention, save on commissions and make instant transfers. the world simply does not need a banking system.
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 ?
some reasons why the government does not legalize Bitcoin is: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 ?
1. Bitcoin prices cannot be controlled by the state.
2. There is no guarantee that the price of Bitcoin will be stable, the Government is afraid that if the price of Bitcoin falls, many of its citizens will suffer losses.
3. Anonymous Transactions, so the government cannot trace the person doing the transaction.
4. If all citizens use Bitcoin I think the currency of that country will be destroyed.
It can not be done simultaneously, because governments in each country have different views on bitcoin. So with many considerations the new government can vote. But so far I think bitcoin growth in many countries has improved.
The government can't do that. That's what the word decentralized works. They wanted to regulate BTC or the cyptocurrency but it will be difficult for them to make that possible. But regulations can contribute to the security of our assets. Let's see what will happen in the future news about crypto.
Btc or crypto will not replace the banking system, but i think the government still can use this technology into some other usability. like using the concept of decentralized to serve health and education or similar like that and create transparent yet effective system for the citizen. but for me the most likely to achieve is tax payment system.
I think that governments simply see in the competitor's crypto currency, because crypto-currencies are much more successful in handling transactions and with minimal commissions. there is also the fact that despite the total number of people owning crypto-currencies, the level can be considered low, because most people are still not ready yet to take bitcoin and all of the entire crypto currency, which is important, since in this case there is no mass acceptance , which is exactly in the hands of the governments of those or other countries.
government will not want bitcoin to be legal because they are taking or seeing it as a competitor which is fighting or competing with their own currency. therefor government will not want to legalize it because of fear of unknown
You are very right. They can't do anything about bitcoin. They scared in the bitcoin they can't touch it. So if ever they will do something new like they are gonna do some business in the bitcoin. They will ask for partnership or somewhat like unity or alliance.
As what I have heard,Some of the government is also linked to the Bitcoin. And most of the government officials are using already BTc. That is the reason why it is still legal. Hehe just my thought.
Yeah, that's possible, because we know that the total number of bitcoin users now reaches tens of millions of users, in my own country the user reaches 1 million users, of course with that number there may be government employees who also use bitcoin and fight for the legality of bitcoin
For me, the main reason why bitcoin not illegal worldwide it is because there are many ways for bitcoin being not use by criminals such as withdrawing bitcoin with valid Ids like KYC. In that way, bitcoin's anonimty will be transparency.
simply because some governments realize the good that can come out it
governments dont make btc illegal worldwide because its cant control btc , cant track btc movement , They also cant dictate how btc transferred,but governments can control fiat currencies
I am sure that soon many other countries will change bitcoin as legal currency. as is done by japan that legalizes bitcoin
As what I have heard,Some of the government is also linked to the Bitcoin. And most of the government officials are using already BTc. That is the reason why it is still legal. Hehe just my thought.
Yeah, that's possible, because we know that the total number of bitcoin users now reaches tens of millions of users, in my own country the user reaches 1 million users, of course with that number there may be government employees who also use bitcoin and fight for the legality of bitcoin 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 because they are afraid to bitcoin and they don't have control to it and because bitcoin do koy have connected to banks and because has a tax payment and bitcoin don't. Bitcoin can raise its own money and can grow without the help of government and banks. 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 ?
No, it's not. The government should take care of its citizens, and since people support bitcoin they can not ban it otherwise it will cause a lot of noise.
I feel that most of the nations around the globe don't see bitcoin as a risk. The issue with government and bitcoin is the inability of government to regulate bitcoin as they want,that's why bitcoin has always been a threat to them.
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 ?
In one side, bitcoin can be such a nightmare for governments and banks, but in the other side banks and governments also could get the benefit from bitcoin. If you asking why do governments don't make BTC illegal worldwide? i think the answer is because every country has different regulations related to bitcoin. There are some country that accepting bitcoin but there are also some country that accepting bitcoin too. 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 ?
The governments all around the globe don't make bitcoin illegal, as it has integrated with their economy. If they take this drastic step then it would hurt their economy, as a lot of people are involved with bitcoin in some way or other.
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