Topic: why goverments dont put bitcoin (Read 285 times)
To be honest, Bitcoin is something that is based on decentralization and governments will not entertain anything that will take away power from their control. However, due to its unique infrastructure, it is almost impossible for the governments to track down all the Bitcoin owners and punish them. On the other hand, It is not a crime to use Bitcoin or any decentralized cryptocurrency as far as you are not using it for the legal purpose so it doesn't make any sense to punish everyone involved in cryptocurrencies. There is no law as of now that prevents us from using Bitcoin in most of the countries.
why they dont put bitcoin owners in jail and all crypto exchanges owners....
Because they don't break any laws? Even when some crazy goverment would penalize it, Bitcoin is international, you would need to "ban it" in all 250 countries to "eliminate it" and it still would exist in deep web. Bitcoin can't be shutdown, simple as that in short.
Bitcoin is still too volatile and hard to manage it until ti becomes world's stable currency.
Really!! They should put all crypto holders to jail? Why do you suggest that anyways? If it's for the reason of being scammed, you've got to be very careful and know where you take your money to or you should not come in at all. Ideally fraud and scam has existed for long before blockchain was invented and so I think we still need to be very careful and protect our funds.
You can buy houses with Bitcoin there (which you pay property tax on it forever). Most governments will be okay with crypto as long as they can tax it and regulate it. Weak governments will see it as a threat which you can already see with all those countries making it illegal.
You can’t ban crypto because there will always be a country that wel
You can’t ban crypto because there will always be a country that wel
In my opinion, the government thinks Bitcoin is used in all acts of mischief and terrorism, Which is a cause of disaster for the country and the people of the country. The government is reluctant to keep the country thinking about the peace of the people.
how can the government know ho they are though, transactions are anonymous, one defining feature of cryptos. so it's impossible
Bitcoin has a different approach than typical currencies: No central bank manages it and the system operates on a peer-to-peer network protocol. Its hard for goverment to control it. That is the reason why
The government now does not have the opportunity to apply any measures to people who are engaged in bitcoin. Many governments have not yet determined their attitude to bitcoin.
Bank Indonesia will prohibit payment transactions using bitcoin by 2018. This bitcoin prohibition will be regulated in a Bank Indonesia or PBI regulation that is planned to be issued in the near future.
Head of BI Transformation Program Center Onny Widjanarko said, in the PBI, electronic money that will be out in the near future will be arranged, one of them about bitcoin.
Head of BI Transformation Program Center Onny Widjanarko said, in the PBI, electronic money that will be out in the near future will be arranged, one of them about bitcoin.
Any link that would back up that claim? Judging on that bold text it means they wouldn't entirely ban cryptocurrency on Indonesia.
It seems they have some sort of work around regulations before they will allow it again.
why they dont put bitcoin owners in jail and all crypto exchanges owners....
Don't you have any bitcoin on your wallet?
Why would you like to be put on jail?
Bank Indonesia will prohibit payment transactions using bitcoin by 2018. This bitcoin prohibition will be regulated in a Bank Indonesia or PBI regulation that is planned to be issued in the near future.
Head of BI Transformation Program Center Onny Widjanarko said, in the PBI, electronic money that will be out in the near future will be arranged, one of them about bitcoin.
Head of BI Transformation Program Center Onny Widjanarko said, in the PBI, electronic money that will be out in the near future will be arranged, one of them about bitcoin.
It affect the some people. Knowledge people will be easy to learn. With out knowledge people can't use. People don't know how to use it. If try to use it affect the other people growth. So people knowledge is important for use the all people. So people growth is country growth. Governments will be help to people growth and knowledge improvement. Then easy to use and it help to all people future growth.
Bank Indonesia will prohibit payment transactions using bitcoin by 2018. This bitcoin prohibition will be regulated in a Bank Indonesia or PBI regulation that is planned to be issued in the near future.
Head of BI Transformation Program Center Onny Widjanarko said, in the PBI, electronic money that will be out in the near future will be arranged, one of them about bitcoin.
Head of BI Transformation Program Center Onny Widjanarko said, in the PBI, electronic money that will be out in the near future will be arranged, one of them about bitcoin.
today we see bitcoin users increasing every time, the population in every country has a big concern for bitcoin, if the government puts them in jail, then this is a big criminal.
but, that's not the main problem why the government has no firm decision to bitcoin users, the government is skeptical and confused.
the government is aware that bitcoin does not have a negative aspect, but it depends on every bitcoin user. the government is only afraid bitcoin will harm society because bitcoin volatility is very fast and has a big risk.
but, that's not the main problem why the government has no firm decision to bitcoin users, the government is skeptical and confused.
the government is aware that bitcoin does not have a negative aspect, but it depends on every bitcoin user. the government is only afraid bitcoin will harm society because bitcoin volatility is very fast and has a big risk.
Because no one would have the courage to represent and file a case against the bitcoin owners. Aside from that there are no complain against them and if there is any well it could had hard to win the case because as we all know no one will ever forces you to join cryptocurrency. You are willingly had the knowledge when you invest on cryptocurrency and that is something you will decide to join or not. So you could not blame others if you fail except for yourself.
because bitcoin is not legal in some countries, and the possibility of bitcoin's existence makes an impact for governments... 
Bitcoin is not invent for the illegal activities. It can be traded with very securely and nobody can track this transaction. For this reason, many illegal businessmen have chosen Bitcoin transactions for their illegal activities. But in this regard Bitcoin is not responsible in any way. For its powerful security system many criminals in the case of their illegal arms business, drug dealers have also chosen Bitcoin as illegal transactions in the drug market and police or any individuals can't track them for the security transaction system. For this reason many countries of the world can't support Bitcoin as a currency. But Bitcoin is really not responsible for this activities.
It is really a serious problem. Now-a-days it has become one of the most talk topic. As a result we have to suffer a lot. We are falling victims to this problem. If the technology change their background the Bitcoin's security system will be violated and we have to be victims of the attack of hackers. So the government should stop the crime not the Bitcoin.
It is really a serious problem. Now-a-days it has become one of the most talk topic. As a result we have to suffer a lot. We are falling victims to this problem. If the technology change their background the Bitcoin's security system will be violated and we have to be victims of the attack of hackers. So the government should stop the crime not the Bitcoin.
why they dont put bitcoin owners in jail and all crypto exchanges owners....all goverments know already they scamming people for their usd ,,,bitcoin goes down alts going in down not because people selling because exchanges selling alts for bitcoin and when bitcoin go up alts not even hardly recovering ..... when it should actually be opposite and alts should go up because bitcoin falling why we allowing those exchanges making millions a day lets face it they know when and where to buy alts and bitcoin and alts they control prices ....
The European Government in the published report does not recommend blocking and pripitsyvovat turnover of the cryptocurrency. The authors of the report proposed to collect the tax, both from investors who invest in other financial assets.Also, the report discusses the impact of cryptocurrency on financial systems, as the cryptocurrency can influence the monopoly of central banks on the issue of money.
But in the analysis they came to the conclusion that it is not yet possible to compete with the sovereign currencies of the Central banks of the crypto currency, because of the small capitalization of the rank (only 300 billion US dollars, against 14 trillion US dollars at the end of 2017).
why they dont put bitcoin owners in jail and all crypto exchanges owners....all goverments know already they scamming people for their usd ,,,bitcoin goes down alts going in down not because people selling because exchanges selling alts for bitcoin and when bitcoin go up alts not even hardly recovering ..... when it should actually be opposite and alts should go up because bitcoin falling why we allowing those exchanges making millions a day lets face it they know when and where to buy alts and bitcoin and alts they control prices ....
So by your logic, someone who sells all his stocks and assets before they start going on a downtrend should go to jail?
The government feels scared because bitcoin has a very high price change. Therefore, the government fears if bitcoin can create financial system chaos in the country. I think that is a rational thing because I believe that the government wants the best in controlling the state of the country. But actually it depends on the readiness of the country, when a government is ready then they can be ready also in receiving bitcoin circulation in the country.
why they dont put bitcoin owners in jail and all crypto exchanges owners....all goverments know already they scamming people for their usd ,,,bitcoin goes down alts going in down not because people selling because exchanges selling alts for bitcoin and when bitcoin go up alts not even hardly recovering ..... when it should actually be opposite and alts should go up because bitcoin falling why we allowing those exchanges making millions a day lets face it they know when and where to buy alts and bitcoin and alts they control prices ....
Many governments have already started to go after fraudulent ICOs. Bitconnect promoters were being investigated last time I checked. It's difficult to go after exchanges because they operate in foreign countries with different laws. For every shady exchange you shut down, another one pops up.
I think that a lot of government officials own some type of cryptocurrency now so it is in their self interest not to destroy the ecosystem.
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