Topic: why do governments don't make BTC illegal worldwide ? - page 9. (Read 8116 times)
The motivation behind why bitcoin isn't legitimized by administrations of nations is a result of specific highlights that bitcoin shows as a method of money. Bitcoin is exceptionally unpredictable and its cost change effortlessly and this occasionally creates fear in financial specialists. Assuming a legislature is authorizing bitcoin in its nation and speculators come to put resources into a few divisions of the nation and inside months bitcoin heads fall a tremendous fall. This will frighten speculators off and future financial specialists. With the banks it is very straightforward, bitcoin is exchanged over a shared system and furthermore it isn't controlled by any national bank. Charges are not imposed against bitcoin exchanges and this will influence them to lose tremendous totals of cash in the event that they ought to acknowledge 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 indeed fearsome for government if all the people in the world will switch to cryptocurrency instead of using the conventional way which is through banks.
but i don't think threat it that bad yet since as of now there isn't enough large money revolving around cryptocurrency.
and another reason why i think they d not make it illegal yet is maybe they are looking how to regulate it with taxes in order to get revenue for the government.
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 they do not have such capabilities, the government has a different mindset. On the one hand, there are those who legalize bitcoin in order to improve the economy of the population and there is also something illegal about bitcoin because it can worsen or disrupt the economy of the country. In each country there must be those who choose between legal or illegal.
Well I think each government have their own laws and regulations and are limited in their jurisdiction. Also they all don't take the same action on a given issue. BTC haven't proven anything negative to our societies, I think however because of its decentralized nature, Bitcoins have scared governments to some extent. But I am sure no one government can make BTC illegal worldwide, it has to be done by all governments in the world in a collective manner.
They can't. In democratic countries they don't have the power to just simply ban BTC.
Globally government do not have a detailed knowleage about the technology behind its existence and benefit',hence do not have the capacity to employ
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 ?
really the government can not control what is inside bitcoin even melacakpun somewhat difficult now is too late with the rapid development now the government can not do much
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 ?
really the government can not control what is inside bitcoin even melacakpun somewhat difficult now is too late with the rapid development now the government can not do much
Because their are few who are currently believe in bitcoin's future. Not all government are against it. Each government has it's own law that they need to follow. So, if your government is not against btc, you are very lucky.
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 ?
Cause crypto and fiat money are huge competitors, while BYC feels neutral about it, fiat representatives and holders)) are doing everything possible not to let crypto comes first.
because bitcoin is killing the national currency of different countries. that is the reason for me for not legalizing bitcoin worldwide. other reason is bitcoin was used for smugglers or illegal transaction, due to its decentralized system no one can trace who the person behind of it and no government is holding the whole system so they are freely to move everywhere and anywhere. so they must put on idea how to stop those doings and soon enough they would allow bitcoin worldwide.
I think one of the reasons why government don't make bitcoin illegal worldwide is because its something the can't have control over
The points you discussed are actualy like a worst nightmare for the government but we can't ignore the fact that along with many disadvantages Bitcoin has some advantages too.It is the finest investment asset and provides the people with huge profits in a short period of time.Moreover it is like a step which should be taken towards the digitalisation of a particular country.Instead of banning it and declaring it as illegal government should apply some rules and regulations over it so that they can have some control over it and no one can use it in a wrong way.Moreover it can add a lot to the revenue of the country.
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 ?
The government maybe is really scared of bitcoin because they do not have any hold on this. But it does have a good effect to the people. It lightens and improves the quality of human life. 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 effect of bitcoin is getting more popular and stronger, so the government will not take any action, if wrong government would be a shame.
I don't think Bitcoin will be made illegal worldwide because governments from different countries has there own perspective towards Bitcoin.Some find it good for their economy and have already made Bitcoin legal in their countries.Governments who consider the cons of Bitcoin more important than it's pros have made it illegal or are thinking to do so.Bitcoin is something which can add to the economy of a particular country.The governments who are banning it are seriously taking a wrong decision.
We hope all countries can legalize bitcoin. Maybe that's what most people expect. There may be some, but as you say, the potential of bitcoin is huge, it's blockchain technology, there are governments that utilize bitcoin. I also wondered the same thing. if they do that, people find other ways to buy and store unregistered bitcoins. I hope the government can give legal status under various conditions. of course this will make the motivation for bitcoin to make improvements and innovations so that the best solution we can take .
At the end they all will have to accept the Bitcoin and cryptocurrency. We all know we can use cryptos in bad ways but there is still no cure of that. I am sure soon some one will find solution to this bad ways. But as i say all the goverments will accept it take tax from it. As far as i know there are very few countries that doesn't accept bitcoin, last week i heard that the North Korea is accepting it..
since each state has its own opinion on the account of the crypto currency, all states understand that many countries will not abandon the crypto currency and accept it, and so as not to be overboard in the innovative world they think how to settle it
the lack of control, the impossibility of emission and remission, all this makes it impossible at the moment to use as a replacement for money
Bitcoin is threat to bank system. They hate bitcoin because it surpass banks it make easy transaction in bitcoin and untraceable can earn money but banks have not earning. Bitcoin has no tax at all government hate it because of that bitcoin can't legalize it, and businessman can influence and invest in bitcoin it's all about money.
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