Topic: Why government don't accept bitcoin??? - page 5. (Read 1223 times)
Government doesn't accept bitcoin because the government always wants profit. Likewise, government wants every "business" or every transaction to have "tax". If the government will recognize bitcoin, then all the people would probably just clicking on their phones, laptops or computers the whole day. Imagine if they would just stay at home and won't work anymore, government will not be benifitted anymore.
There are many countries where bitcoin is not legal..Why they don't accept the better technology..I can't understand why they don't accept it??What do you think about this topic, please share..
Because the government can not impose a tax on bitcoin owners of course and the government can not monitor the development and owners of bitcoin transparently. 
How can they control you otherwise?
The bitcoin was created in the last few years, and it is highly valuable because of the benefits it brings, but it also has disadvantages such as unstable prices, because anonymity should be used by bad guys, That is why the government has not allowed bitcoin to be legalized.
why government don't accept bitcoin because they are not aware about bitcoin and we don't pay taxes to all the income that we get here in bitcoin and if they know about this bitcoin and how much what we get here for sure they will pursue to collect some taxes in bitcoin.
There are many countries where bitcoin is not legal..Why they don't accept the better technology..I can't understand why they don't accept it??What do you think about this topic, please share..
I can understand that some countries can not accept bitcoin because they can't generate fund from it. Taxes were not payed and it kills businesses that require manpower. And the fact that they can't manipulate and earn from it also circles. 
One reason is the government don't like the concept of Bitcoin and this is because of the anonimity of Bitcoin that they can't manipulate how Bitcoin Circulate through-out the country. Therefore they can't Launder any money from the peoples Taxes. Another reason is they are too close-minded and can't accept the idea of using bitcoins as their fiat.
Because it does not include any tax.
The government do not accept bitcoin because it is not ready yet, we all know that bitcoin works with the internet network, if accepted then there will be many demands from regions that do not have internet access.
in our country the government still didn't know even what the bitcoin is .even they knew but never accept it because they need taxes
There are many countries where bitcoin is not legal..Why they don't accept the better technology..I can't understand why they don't accept it??What do you think about this topic, please share..
Government also concerned about the money-laundering and illegal activities like terrorism and transaction of drugs. Due to decentralized nature of bitcoin, they can't control over the money of their people. But with the good reputation and increasing price of bitcoin, I know they will change their mind and opening a legal concerned about virtual currency. There are many countries where bitcoin is not legal..Why they don't accept the better technology..I can't understand why they don't accept it??What do you think about this topic, please share..
because tax not pay on bit coin for the government. main reason this one. bit coin transaction is more safe and secure but here had no tax. one country growth depends on tax only then without tax paying services how to encourage government. in many major country's using bit coins but it has no tax. for that only one reason government may not accepting it. next one is illegal, people who doing illegal business like that people investing in bit coin investing in bit coin, no need to say and show our profit details so most of the people skipping tax for the government.
Every government has its own currency. The value of that currency depends on the Export-Import Deficit of the country. If the country performs well, they do more exports than imports. Their currency value goes up.
With Bitcoins, the value of cryptocurrency is almost depended on the same logic. More Bitcoins in demand, more the value. However, Bitcoin performance is Global and is not affected by a country-specific performance. If governments start accepting bitcoins, they will need to do a lot of economic and financial changes. Plus a lot more macroeconomic factors that the government will have to take into account.
With Bitcoins, the value of cryptocurrency is almost depended on the same logic. More Bitcoins in demand, more the value. However, Bitcoin performance is Global and is not affected by a country-specific performance. If governments start accepting bitcoins, they will need to do a lot of economic and financial changes. Plus a lot more macroeconomic factors that the government will have to take into account.
There are many countries where bitcoin is not legal..Why they don't accept the better technology..I can't understand why they don't accept it??What do you think about this topic, please share..
Well they can't trace all transactions for tax. And some people might lose their jobs if they can't afford to go with the flow of technology.
becuase its a open legder where every can see whats your balance and activitities
Ha ha I saw many replies.There are lots of reasons.But main reason is government can't get any tax for transactions.That's true.
how can big brother steal from us if it cannot control us? must be painful.
bitcoin is independent and anonymous. and government doesn't have any right and authority to control it. so, they cannot put up the tax on bitcoin or people who are involved in bitcoin.
Government don't accept bitcoin because, government don't know clear idea about it.
There are many countries where bitcoin is not legal..Why they don't accept the better technology..I can't understand why they don't accept it??What do you think about this topic, please share..
Government can't control the digital currency, the main reason why they won't allow us using bitcoin. The government also afraid that bitcoin will replaced money.
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