Topic: why do governments don't make BTC illegal worldwide ? - page 7. (Read 8116 times)
Very few countries have gone as far as to declare bitcoin illegal. That does not, however, mean that bitcoin is "legal tender" - so far, only Japan has gone as far as to give bitcoin that designation. However, just because something isn't legal tender, does not mean that it cannot be used for payment - it just means that there are no protections for either the consumer or the merchant, and that its use as payment is completely discretionary.
The answer is quite simple, because every country already has its own currency and bitcoin is crypto currency decentralization so there is no one country that can control the bitcoin. So this is the cause of the bitcoin has not become illegal.
I think that banks are not afraid of crypto currency. It is not profitable for them to work with it. I think that the crypto currency will not be canceled, because this area has not been studied yet and the government has not yet figured out how to use the technology of blockchain and crypto currency more efficiently.
I think the top most reason is government is unable to control bitcoin when it is easy for the government to control the banking system.So, if they make it legal then they will lose their control on the economy and they afraid of it.
The government as a financial authority certainly does not want bitcoin to disrupt the financial system that has been running so far, both domestic transactions and transactions between countries. Banking as a financial operator that is connected throughout the world, makes the government easily withdraw taxes, oversee money laundering and financial system monitoring for budget or fiscal analysis. Because bitcoin users are autonomous, it's difficult to track bitcoin transactions. 
Because many governments don't allow bitcoins as legal, government can't control bitcoin and bank statements that they don't control bitcoin over fiat money.
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 ?
Because some government recognizes the good side of engaging in cryptocurrency. Even without the governments permission I think crypto will still be exist because people sees the potential and the bestest features of 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 are quite risky, because their prices fluctuate quite large, may during this time BTC is not accepted, but in the future BTC will become the common currency of the world.
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 do not want to legalize Bitcoin because it causes the government to lose control over the deal. They worry about the security and the illegal money can cause severe consequences. The other part is like your opinion. Governments and banks cooperate very well. Bitcoin again threatened the bank. 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'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 ?
Other Government see the good side of bitcoin. They knew the threat of bitcoin in their country. That is why the Government set a regulation in bitcoin transaction to avoid money laundering and other things that could harm in their country. Other countries who ban bitcoin doesn't want their Government to take risk of legalizing or letting their fellowmen use bitcoin.
Bitcoin is good to use and with very good amount that is going to list on the biggest exchange in the USA, BTC is not illegal everywhere but ban in some countries because they Bitcoin is not meet the rules and regulations of such country that is why the only some countries ban bitcoin but Worldwide Bitcoin is accepting and running with great amount.
You are completely right. War governments and saves money with a turnover of bitcoin is inescapable. At first, the legislature did not append significance to this issue, and now it's past the point of no return. The world isn't unipolar and a boycott in one state would cause all the cash will go to another state. The feline will pull out all the stops? The legislature simply don't recognize what to do with bitcoin. This is the temporary peace before a violent upheaval. I beleive that numerous administrations and banks have changed their mentality towards Bitcoin, it's not any longer so antagonistic as it used to be. They made sense of how they can have utilization of Bitcoin as well and they are extremely very much aware that it's unrealistic to make it illicit. They acknowledged it as something unavoidable and they don't need the war against Bitcoin any longer. restricting Bitcoin is something that majority rule nations can't do straightforwardly. It would make social turmoil.
Bitcoin is noteworthy new innovation and not something detestable or unsafe - putting Bitcoin on an indistinguishable level from drugs is stupid.
Rather than being prohibited I envision that bitcoin will be grasped and vigorously managed to wipe out any sort of 'unlawful movement.
Bitcoin is noteworthy new innovation and not something detestable or unsafe - putting Bitcoin on an indistinguishable level from drugs is stupid.
Rather than being prohibited I envision that bitcoin will be grasped and vigorously managed to wipe out any sort of 'unlawful movement.
in my opinion because the government is not ready to use crypto currency that is free without tax
it's only natural that the name is illegal, the government must think twice about using it, if it is illegal, the government will use it... 
Out of 195 Countries we have today ( Globally ) All countries have their own forms of Government. Making it Illegal is just difficult the whole United Nations has a lot more in their bucket to do than putting more attention to Bitcoin.
Instead of them thinking about issues that don't matter to them so much. Different Countries are better off fixing their own issues. Bitcoin to begin with doesn't have direct impact to the economy ( yet ) so they should have no grounds of doing so.
I think the top most reason is government is unable to control bitcoin when it is easy for the government to control the banking system.So, if they make it legal then they will lose their control on the economy and they afraid of it.
Out of 195 Countries we have today ( Globally ) All countries have their own forms of Government. Making it Illegal is just difficult the whole United Nations has a lot more in their bucket to do than putting more attention to Bitcoin.
But some countries are allowing it like Gibraltar coming out to say her footballers would be paid using crypto coins... Don't know how true that it. Government will continue to be against it because it is a threat to the local coins.
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 guess government did not legalized bitcoin beacuse they don't have full control over cryptocurrency in general so they are afraid it meant overcome other local currencies if it legalized because it decentralized no body have full control over 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 seems to me because they themselves are involved in this precisely because of this they do not prohibit. Because it's someone you need.
In my own idea, this is because that there are some countries are not allowing bitcoin in their place due to their rulling in the norms of their country and religion. Maybe in the future, bitcoin will be accepted legally, hoping for a better nation and social interferrence with bitcoin economy.
Jump to: