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Topic: Why government do not want bitcoin to be legal? - page 3. (Read 598 times)

member
Activity: 448
Merit: 20
Roll Eyes Why governments in most of the countries do not wish bitcoin to be legal?
 Roll Eyes If bitcoin approve as legal in every country will there be any impact for users?
It is varies from country to country
In general, governments will not over-control financial transactions so easily,
It is a great income resource and is a control code as well
Do not forget that the national currency is the symbol of the country
It takes a lot of time and debate to get governments to understand that BTC is better for them.

legendary
Activity: 1568
Merit: 1031
It depends what do you mean by making it legal, to be honest. If it means regulations that will make it centralized, then I don't think we need that.

But to answer your question in general, I believe It's simply because of the nature of bitcoin and how it's against everything the banking system stands for and governments don't want something they can't control.
member
Activity: 462
Merit: 12
Roll Eyes Why governments in most of the countries do not wish bitcoin to be legal?
 Roll Eyes If bitcoin approve as legal in every country will there be any impact for users?

The goal of bitcoin is an independent currency in the world from any state.
Governments can not control Bitcoin and people owning it, respectively, will not be able to collect taxes for social projects.
This is one of the reasons ...
sr. member
Activity: 2506
Merit: 368
This question is too general. You should have asked a specific question because Bitcoin legalities vary from country to country and each country has their own different rules and regulation.

Here's a link that will help you understand your question.
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
member
Activity: 504
Merit: 10
 Roll Eyes Why governments in most of the countries do not wish bitcoin to be legal?
 Roll Eyes If bitcoin approve as legal in every country will there be any impact for users?
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