Topic: why do governments don't make BTC illegal worldwide ? - page 33. (Read 8116 times)
Because they can't control this, so they want to be an illegal it had an opposite figure against to the flat money, so they want it to dissappear and dissolve as soon as possible it would affect to thier money movement, thats why they hate bitcoin so they pay some people to post fake news to spread it. To make investors decrease and support in stock market.
We as a whole realize that legislature and banks rely upon each other and they give and take every others focal points. Government predict that bitcoin could be benefitial for clients as well as for them. At the point when individuals deliver cash out of bitcoin, cash likewise hits them up in a type of incomes and charges.
It won't be easy for them to make it illegal since they know its decentralized and if declared illegal it will still continue to exist as far as there is internet..
Maybe bitcoin does look that way, where people who do transactions and have bitcoins are very difficult to trace. But if the world accepts bitcoin, then the government should be able to make bitcoin legal by making rules where every bitcoin transaction and bitcoin ownership can be tracked and taxed.
A) Because they are scary to completely ban something so innovative and that could benefit their economy
B) Because they don't know how to actually ban something like bitcoin, as these new technologies have always found a way to survive (look at thepiratebay still up after years)
B) Because they don't know how to actually ban something like bitcoin, as these new technologies have always found a way to survive (look at thepiratebay still up after years)
Because they give a push to really useful ideas and products that can support the improvement of the economic sector. Accordingly, if it is beneficial to the government, they will support unconditionally, so many countries have adopted bitcoin, such as it well influences economic performance.
I totally agree with you
Government know what they are doing, because bitcoin is far higher than any country currency, and also bitcoin is a digital currency that is Only specific in online transaction, and I think that is the most reason, it was not approved by government.
You are absolutely right. Government had seen how transparent Bitcoin is and see no reason to make it illegal. Those that set it illegal are just scared that their wrong doings will be revealed once their people know about Bitcoin.
Making Bitcoin illegal will not help the governments. It will only encourage the users going under-ground and the coins being used mostly for illegal purposes. The best option for them is to legalize the currency and to regulate 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 ?
It is a nightmare for the government to some extent, but cryptocurrencies have captured the world. Gets difficult for authorities to control the use of them nowadays.
the government actually has a desire to legalize bitcoin but I see some governments in a country want to get a piece of bitcoin so that it is not approved by bitcoin.
First, putting all governments into one category is just plain ignorant.
The different types of governing systems around the world are so vast and different that there is no way you can just say they will all have the same attitude towards crypto.
For example, you think North Korea will have the same attitude towards crypto as France?
There are already a couple countries that are actively trying to incorporate crypto with the vast majority still neutral on it.
Even the ones that are "harsh" against btc have only put in some regulations to avoid scams.
You see, the thing is, the benefit of adopting blockchain tech far outweighs any risks in the future.
So instead of banning it, most institutions are figuring out ways how to incorporate it.
Can you imagine if a country decided to ban the internet in the 80s because they thought it would be "against" them?
How far behind would that country be even if they decided to unban it years later?
Same with crypto.
The different types of governing systems around the world are so vast and different that there is no way you can just say they will all have the same attitude towards crypto.
For example, you think North Korea will have the same attitude towards crypto as France?
There are already a couple countries that are actively trying to incorporate crypto with the vast majority still neutral on it.
Even the ones that are "harsh" against btc have only put in some regulations to avoid scams.
You see, the thing is, the benefit of adopting blockchain tech far outweighs any risks in the future.
So instead of banning it, most institutions are figuring out ways how to incorporate it.
Can you imagine if a country decided to ban the internet in the 80s because they thought it would be "against" them?
How far behind would that country be even if they decided to unban it years later?
Same with crypto.
I thing that the biggest reason why governments doesn't make bitcoin illegal is there really isn't anything that is getting violated here. And I think countries still don't see it as something like a threat because not many people know about bitcoin.
A one good government also accepting the truth about bitcoin purpose,they also knows that many people who are actually benifited in bitcoin. It can contribute also to improve the economy of the country,that's why they don't want it to declare as a illegal.
The reason why bitcoin is not legalized by governments of countries is because of certain features that bitcoin displays as a mode of currency. Bitcoin is highly volatile and its price fluctuate very easily and this sometimes generates fear in investors. Supposing a government is legalizing bitcoin in its country and investors come to invest in several sectors of the country and within months bitcoin heads fall a huge fall. This will scare investors away and future investors. With the banks it is quite simple, bitcoin is transferred over a peer to peer network and also it is not controlled by any central bank. Taxes are not levied against bitcoin transactions and this will make them lose huge sums of money if they should accept it.
Have you ever tried to imagine a world where french kiss or handshakes are forbidden?
I guess it would be as easy to ban Bitcoin!
P2P transactions are made for everlast ^^ t'il the tcpIP protocol is legal.
Sorry haters
I guess it would be as easy to ban Bitcoin!
P2P transactions are made for everlast ^^ t'il the tcpIP protocol is legal.
Sorry haters
I'm not all that hopeful as you seem to be. They can make BTC mining, exchanging, and so on a wrongdoing as it is a genuine danger to their influence whatever the cash they can make on it from direction ! FIAT cash is the way governments have controlled us since the middle age ! BTC and altcoins and blockchain is to me the finish of focal specialists and in this way governments/banks/enormous organizations.
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 ?
Governments are adapting cryptocurrencies to their list with regulation and stuffs. Most of the countries that accepts bitcoin to their payment list/ legal currency.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 does not violate anything regarding them but there is a possible thing can lead Bitcoin getting banned to some (Money Laundering, anything regarding illegal transactions.)
The prohibition, in order to prevent crime, such as money laundering, financing terrorism. Indeed financial authorities in different parts of the world have the same concerns. Moreover the reason for prohibiting is in order to implement prudential principles, safeguarding business competition, risk control, and consumer protection.
Jump to: