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Topic: Why government announce bitcoin is illegal? - page 26. (Read 6074 times)

sr. member
Activity: 1610
Merit: 294
www.licx.io
September 04, 2018, 09:44:20 AM
I think that might be due to the influence of the bitcoin price movement which has a very unstable movement that makes bitcoin very terrible if it is used to conduct transactions in several countries so that the government prohibits the circulation of bitcoin.
full member
Activity: 355
Merit: 102
September 04, 2018, 07:54:15 AM
in my opinion, the government only uses real money, not digital money like bitcoin, therefore the government legalizes bitcoin, I think if it is possible to use bitcoin it will be useful and will advance technology today
newbie
Activity: 107
Merit: 0
September 04, 2018, 07:44:27 AM
You can't expect them to approved something they can't control


yes,especially if they cannot get taxes out of it thats illegal.
jr. member
Activity: 378
Merit: 1
September 04, 2018, 07:40:20 AM
because they might be think that bitcoin was full of crime and some people could do it without any responsible, but if could see the government will have so much profit if they work together with bitcoin or at least decide bitcoin as a legal currencies.
I think the government is looking to work with bitcoin, this is a very good prey and brings them many benefits but unfortunately, they do not control the whole process of bitcoin,and that's really their problem right now. Especially as you say, bitcoin also becomes a tool for others to become criminals, tax evasion and money laundering, too many problems, they can not solve, so they need time and let the problem do not become larger, their choice is to turn the bitcoin into illegal
jr. member
Activity: 350
Merit: 1
September 04, 2018, 07:34:17 AM
Bitcoin is a virtual financial system that is not controlled or governed by any central government or private agency.
The government is worried that BTC will affect the financial order of the country!
full member
Activity: 264
Merit: 100
September 04, 2018, 07:24:54 AM
We know Bitcoin is one of the powerful and top coin in marketplace.
But world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal

I think it is simple, because Bitcoin is a decentralized platform and they fear that somewhere else there would be this kind of system where in people will never ever long for government once more and I guess they see it as a threat since people were easily having a grrat amount of money than being involve to any centre related entities like companies, which happens to be the one who earns and become ricker than the one who work harder.
jr. member
Activity: 229
Merit: 2
September 04, 2018, 07:12:28 AM
We know Bitcoin is one of the powerful and top coin in marketplace.
But world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal
On the other hand, bitcoin is not suitable for countries with certain laws. and bitcoin itself is still rarely used in trade in that country. And if using bitcoin is legalized, it will cause ugliness in various segments, such as the weakening of currencies in the country, etc.
newbie
Activity: 59
Merit: 0
September 04, 2018, 07:11:41 AM
We know Bitcoin is one of the powerful and top coin in marketplace.
But world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal
For me, because they do not have any rights to handle bitcoin and because bitcoin can grow wuthout the help of government because it can grow with its own and because bitcoin has a own rule that they manage to run their system.
full member
Activity: 532
Merit: 100
September 04, 2018, 06:51:37 AM
because they might be think that bitcoin was full of crime and some people could do it without any responsible, but if could see the government will have so much profit if they work together with bitcoin or at least decide bitcoin as a legal currencies.
jr. member
Activity: 200
Merit: 1
September 04, 2018, 06:41:50 AM
We know Bitcoin is one of the powerful and top coin in marketplace.
But world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal
Government do not want to be legal on their country because they cannot control the market of it. They cannot control even the people who used it and where they are going to used it. Even it helps to change our life because we earned lot from it and know that we do not break any law for it, some people become greedy and used it for criminality and the government have to control it.
jr. member
Activity: 31
Merit: 12
September 04, 2018, 05:54:34 AM
As we know, Bitcoin is a decentralized currency, Bitcoin is not dependent and not regulated by a central authority such as the government. And the Government doesn't like something they can't control, therefore, they declare bitcoin as illegal tender.
newbie
Activity: 236
Merit: 0
September 04, 2018, 06:40:56 AM
I can't say why the government is why they say Bitcoin is illegal, because those who know the reason are themselves. but in my opinion, what makes the government announce bitcoin illegal is because the government has not accepted Bitcoin as a legal currency in the country, so they say it is illegal.
newbie
Activity: 8
Merit: 0
September 04, 2018, 06:37:00 AM
thank man  Angry
jr. member
Activity: 84
Merit: 1
September 04, 2018, 06:29:39 AM
We know Bitcoin is one of the powerful and top coin in marketplace.
But world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal

According to my understanding these are chain of activities and actions taken by people who have only seen a part of a great invention in the recent history and now most people follow the same path and announce bad information regarding Bitcoin and also make regulation like blind individuals following blind leaders which can bring no good to the world 
member
Activity: 140
Merit: 10
September 04, 2018, 05:58:35 AM
We know Bitcoin is one of the powerful and top coin in marketplace.
But world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal

Not every country make bitcoin as illegal transaction, just few of them banned it and several of them regulate using it. I think reason why they banned bitcoin because many bad news about bitcoin spread. that's why some of them choose to banned or regulate it.
sr. member
Activity: 1400
Merit: 273
September 04, 2018, 05:30:45 AM
You are wrong. I once made a thread a day or two from the G20 summit earlier this year. Please refer to this link: https://bitcointalksearch.org/topic/worry-not-the-greatest-giants-are-with-us-3210602 Some of the most developed countries in the world are actually in favor of Bitcoin. I named them the greatest giants. And they are with us in our crypto advocacy.

Of course, this may have been changed over the months since I made the post. For the better.
newbie
Activity: 101
Merit: 0
September 04, 2018, 05:28:02 AM
We know Bitcoin is one of the powerful and top coin in marketplace.
But world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal
bitcoin is illegal because the government cannot control its population distribution, some countries consider bitcoin as a threat that can disrupt the national economic system. even though not everything that the media and government have said is true, even so I am sure bitcoin can develop without the role of government
member
Activity: 195
Merit: 10
September 04, 2018, 05:26:33 AM
For me they are just looking for the negative side using the cryptocurrency and not the potential of it. Also the reportedly scam,
 Illegal activities that affect most bitcoin reputation and this why some countries banning bitcoin to stop those uncontrolled situations.
newbie
Activity: 50
Merit: 0
September 04, 2018, 04:58:06 AM
Bitcoin is free from the control of government and this might be a reason to illegalize bitcoin. Criminals take advantage of this currency system as transactions cannot be tracked by law enforcing body or government.
member
Activity: 377
Merit: 10
The Premier Digital Asset Management Ecosystem
September 04, 2018, 04:46:41 AM
I think that the government doesn't like btc because it is confidential and can't be controlled by the government. to my mind, it is better to use btc now and don't pay attention to what government thinks
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