Topic: why do governments don't make BTC illegal worldwide ? - page 36. (Read 8116 times)
I think any Government have no authority to make BTC ban worldwide, if Government of any country is not satisfied that he just makes ban in the country they just start using bitcoin in between the country and don’t have authority to ban BTC worldwide,
Why make it illegal if you could just regulate it and get taxes from people who make money with Bitcoin?
That's a whole lot of revenue for the government that they would be missing out on if made illegal.
But Bitcoin is actually also illegal in a couple of countries: https://atozforex.com/news/top-countries-where-bitcoin-is-illegal/
That's a whole lot of revenue for the government that they would be missing out on if made illegal.
But Bitcoin is actually also illegal in a couple of countries: https://atozforex.com/news/top-countries-where-bitcoin-is-illegal/
There are too many people get really hard then government take them some cash because they get more money than others.
I think youre right that it is not good to be legalize bitcoin from some country or they can control people from using bitcoin.
It is good when they legalize bitcoin then they don't care on what happen to this or they don't create anything negative about bitcoin.
It is now very difficult for governments to prohibit the use of crypto-currency to their citizens. On the one hand, a democratic government must take into account the views of its citizens, and as events in some countries have shown, they are very active in defending their right to use it. On the other hand, it is difficult even to do it purely from a practical point of view. Issue an order, decree, the law on this prohibition is possible, but it is impossible to verify its implementation. This government will simply drive the use of crypto currency into the shadows. Therefore, it is always better for him to take measures to regulate the crypto currency and install simultaneously taxes on the crypto currency.
because the government is afraid to make illegal btc because it is very risky for their country and all its citizens so they will not make btc ilegal
Looks like it's not possible. Because the government is against bitcoin. And also bitcoin is not associated with the bank so it will be difficult for the government to set the bitcoin. So I think only certain countries will legalize 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 ?
We can not say that the government did not do the illegal bitcoin, because many countries have different rules, many bitcoin users and bitcoin are also banned overseas, in all countries they are in favor of their policy if Does bitcoin ban or not, because many governments also benefit from 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 ?
In government working not fool guys.
Todays bitcoin miners and crypto entusiasts can be tommorow blockchain specialist.
If btc was illegal this guys can leave country
Todays bitcoin miners and crypto entusiasts can be tommorow blockchain specialist.
If btc was illegal this guys can leave country
I think the government making it illegal, in whichever country it would be, would sort of validate that Bitcoin is useful for specific things, even if most of the things it is useful for would be facilitating crime. They probably think they would be much better off securing the exchanges and all those things to make sure it's traceable rather than outlaw it.
if the government makes illegal btc it only destroys the country because if the government makes illegal btc it is too much risk so they are afraid to make illegal btc because it only worsens the state and not improves the state in their country
I think that the answer has already appeared in your question " a real threat to bank system and we all know how banks and governments are tightly linked!" Obviously, they could lose benefit one way or another. It would be hard to getting replaced of the banking system.
Because bitcoin can destroy suxh importand institutes as a bank and other goverment financial offices, and as a result goverment will receive the hole in the budget.
all governments afreaid Bitcoin because it still there moneu in some way, they want to know how much you earn on 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 ?
Bitcoin is already illegal in some country but I think it wouldn't mean that Bitcoin would be gone,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 am sure that people would still find a way to access or earn in crypto even if the government ban it,
Crypto is for everyone and anyone could use it and for sure the government couldn't stop the people from using 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 ?
In fact, some countries judge the opposite, one of them japan, Some experts argue the legalize of bitcoin in Japan is a must after a bankrupt company because of its bitcoin investment hacked by hackers. Then, if not supervised, the use of bitcoin is also feared to smooth the process of money laundering and financing of terrorism. And I think, By legalizing bitcoin, the government will also get income from taxation 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 ?
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 ?
Firstly, the government and the state do not know how to tax people who store or use bitcoin. Secondly, there is no way to oblige the blockchain system to taxes, it is a priori impossible. Third, there are 10 ways to bypass Ip address or wallet blocking. So if the state blocks websites or ip, it is not a problem, there are many ways to get around.
Yes that's the real fact. I also think that most countries have now changed attitudes about bitcoin. they have sympathy with bitcoin and in fact they are thinking about how to legalize bitcoin like japan which converts bitcoin as legal currency. I am sure that soon many other countries will change bitcoin as a legal currency and most likely later some countries will follow it and legalize the Bitcoin. Thanks
First of all, Bitcoin's ban is that democratic countries can not do freely. This would create unrest.
Bitcoin is a good new technology, and not something evil or harmful - the output of bitcoins is at the same level as drugs.
Bitcoin is a good new technology, and not something evil or harmful - the output of bitcoins is at the same level as drugs.
The government certainly can not be illegal bitcoin, because bitcoin is the king of cryptocurrency And crypto can not be set by the government. Bitcoin is also the best asset to invest and many people are using it to help the economy. So the government will never be able to, because already many people who support bitcoin and use bitcoin at this time.
I think the reason is because some Countries are accepting Bitcoin as another way of earning money. They are not united when it comes to Bitcoin's issue. But one thing is for sure, the Government will either try to take down Bitcoin or accept Bitcoin as part of innovation of the World's economy.
Government could also see the potential of bitcoin on the market specially on transaction and and investment for people. It could give open ended opportunity for people to earn and to have a stable way of income for the future that could help them to support on their living and future is also aligned to bitcoin which could brought a big development on the transaction system and trading industry.
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