Topic: why do governments don't make BTC illegal worldwide ? - page 48. (Read 8116 times)
many of the reasons why the government illegally bitcoin. because the government does not understand clearly about the bitcoin and its systems. thus making the government afraid to legalize bitcoin. but I'm sure that the fast-growing or slow-growing government that does not accept bitcoin will legalize bitcoin
Bitcoin is full of risks involved, starting from the virtual presence without a physical state to the risk of hacking. When a central controlled investment scheme goes as a scam, the people complain and the government take necessary action. With bitcoin lost is lost forever one can't raise it as an issue anywhere else. This makes governments stay away from bitcoin.
Probably because the government considers that this will rival the existing financial system , and the shift of the public financial system can affect the income from taxes and governmental power to know the amount of their people's wealth is reduced, but mostly I think because goverments less understanding about the Bitcoin system.
I don't think so they have some thinking like that. Why such in the first place they think cryptos will be a rival.
About taxes, that will be not a problem. All registered exchanges to run as a legit company need to comply with the law so in other words they will be taxed so still nothing changes. Im disagree to all sayings here that governments want to wrecked bitcoin since what is the benefits in return if they will do that? On the good side, they can take advantage of it too on many ways. Just need some brainstorming on how cryptos can be a good collaboration to the current financial 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 ?
It is because Government and Media are separated to each other. Bitcoin is using a New Media so that people can access it. In which it is a virtual money, and money cannot be ban because it can affects their profit. And the thing is their is a lot of issue that government should prioritize and solve than this. 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 what legal grounds?
Maybe in a totalitarian communist regime bitcoin can be made illegal, but in the free world a legal case would need to be made. I have never heard one, have you?
Maybe in a totalitarian communist regime bitcoin can be made illegal, but in the free world a legal case would need to be made. I have never heard one, have you?
You don't need to live in a totalitarian and communist regime to experience banning of something. In EU for example, laws have been voted to ban glyphosate (Monsanto Roundup) use for example. In some countries of the free world some gov's plan to make the use of a bicycle with helmet illegal so why not BTC ? If a government judges it as a tool for money laundering they can decide to vote a law to make its use illegal.
Probably because the government considers that this will rival the existing financial system , and the shift of the public financial system can affect the income from taxes and governmental power to know the amount of their people's wealth is reduced, but mostly I think because goverments less understanding about the Bitcoin 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 ?
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 ?
Because some government believe that bitcoin in their country will be a big thing that can of course help them to grow up their economy. Many people use bitcoin nowadays because of its different and very unstable value that can make your money big. But of course bitxoin has also a disadvantage but despite that people will surely use it as well as the government.
I think currency less people as compare to world population are known to bitcoin that’s why governments are silent now.
One thing is also here, if governments want to declare bitcoin illegal worldwide, but they can’t take any action against bitcoin nor control bitcoin because bitcoin is decentralized safe currency.
There are countries who had made bitcoins legal in their country.Some country are scared of legalizing bitcoins as they can't control bitcoins as they are decentralised in nature which gives control of bitcoins to the holders of bitcoins.Also that many illegal activity are connected to bitcoins because of anonymity which Bitcoins provide to the people during transactions, which are hard to trace back.Countries also thinks bitcoins as scam,ponzi and etc.Its also hard to impose taxes on trading of bitcoins.
The governments doesn't make bitcoin as illegal worlwide because there is no clear proof that bitcoin is crossing any law and making bad effects to the people. They don't have any proof that can make bitcoin as a bad looking currency because bitcoin is a really good currency and most of the people are now using bitcoin so they can't do anything about it but to just accept that bitcoin is slowly revolutionizing and accepting bitcoin is one of the things that they can do to adjust their system.
First of all, this world has not only one government so bitcoins can be illegalized by some governments but they can't push remaining world to follow their orders. Secondly, bitcoins has improved the economy in a dramatic way which is good for one's own country. Third, bitcoins come under no one's control.
It is because bitcoin are now being widely accepted by people in different countries. It is talked to becoming legal in some countries because it has been widely used by different kinds of people. It is very helpful and does not violate any rules or rights so it is okay with the government.
On what legal grounds?
Maybe in a totalitarian communist regime bitcoin can be made illegal, but in the free world a legal case would need to be made. I have never heard one, have you?
Maybe in a totalitarian communist regime bitcoin can be made illegal, but in the free world a legal case would need to be made. I have never heard one, have you?
Making it illegal will probably not happen. But look at China. They are making it difficult to use by banning exchanges. They have the tool to crash BTC and keep it away from mainstream adoption (unless it is a strategy to buy it at lower price)
Cash can already be untraceable to an extent.
Making bitcoin illegal wouldn't solve much, especially since the entire world capitalization is 1% at best.
Making bitcoin illegal wouldn't solve much, especially since the entire world capitalization is 1% at best.
The governments are concerned because Bitcoin is being used for a lot of criminal activities. This include the purchase of illegal substances such as narcotics and weapons, as well as the payment of ransom and bribes.
Concerned about what? Bitcoins?
I believe you may be correct about that in many cases because Bitcoin was asked as an extortion money when ransomware things were at their peak and it's even being (or may be getting) used in terrorist activities, but let me ask you one thing here. Things which have values (even higher values) or even different currencies and assets such as Gold, aren't they being extort in the real world? If these things are not declared illegal anywhere, why should Bitcoins be?
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 ?
They don't because they can't. Instead they try and bash it and spread lies. It is similar to a child throwing a tantrum. The people will prevail.
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 ?
the problem is not as trivial as you ask. legal and illegal is a discussion that needs to be reviewed by the government agency concerned.
so every country does not necessarily give a decision before there is discussion and study of the people or agency concerned.
Governments can't really control Bitcoin, so they can't surely illegalizing it, because it is decentralized. They can't stop their people from dealing with bitcoin or trading it, simply because it don't need identification, and everyone with Internet connection can use it without any issue.
Also i don't see why governments have to ban Bitcoin, its helping so many poor and unemployed people around the world.
Also i don't see why governments have to ban Bitcoin, its helping so many poor and unemployed people around the world.
Maybe government can't control bitcoin, but they have power to ban it in a country if they want, so i think they do not want to make the bitcoin illegal because there are so many poor here which can help bitcoin and it can be improve for the economy of a country.
Governments can't really control Bitcoin, so they can't surely illegalizing it, because it is decentralized. They can't stop their people from dealing with bitcoin or trading it, simply because it don't need identification, and everyone with Internet connection can use it without any issue.
Also i don't see why governments have to ban Bitcoin, its helping so many poor and unemployed people around the world.
Also i don't see why governments have to ban Bitcoin, its helping so many poor and unemployed people around the world.
What is the point of making the bitcoin illegal throughout the world? Why want to bring the bitcoin closer to the authorities and the state? It is precisely its interest, make it available to all and avoid any intervention of the state in ... Countries should have no rights on it and therefore should not judge whether or not they find it legal ... there are really people who have a hard time understanding the principle ...
I dont know. Maybe they dont really know the bitcoin. Its benefits and the reason why people wants it so much. So i think someday they will be noticed this one and they will very eager to know it better. So one of these days bitcoin will be legal soon it will be legal in whole world. Just wait for it. Government don't make Bitcoin illegal world wide because it is not deal by people with government it has its own was through internet. If one country ban you will go to the country who accept Bitcoin so you cant control it. That's the reason it wont be illegal anymore. GOOD LUCK EVERY BODY.
I think it is only because that our government are also interest in bitcoin and the may be thinking about how to legalize bitcoin, I do not think that there can be any other reason for that. 
Government don't make Bitcoin illegal world wide because it is not deal by people with government it has its own was through internet. If one country ban you will go to the country who accept Bitcoin so you cant control it. That's the reason it wont be illegal anymore. GOOD LUCK EVERY BODY.
I think it is only because that our government are also interest in bitcoin and the may be thinking about how to legalize bitcoin, I do not think that there can be any other reason for that. Jump to: