The government of some countries thinks that if virtual currency is given more priority then its policy on the payment currency will have an effect.The use of public on the main currency will be reduced.So they used to adopt any other currency as a legal offense.But, If they give permission to use bitcoin direct then all public use bitcoin.and increase bitcoin demand and continue grow.
In fact in present time most of the countries are still not aware from the importance of bitcoin. i think that with the passage of time as soon as bitcoin will become more populars its importance is also increasing from time to time, therefore i can say that such government will also understand the importance of bitcoin and will surely consider it as legal currency. 
Topic: why should governments allow bitcoin to continue grow? - page 12. (Read 3995 times)
The government of some countries thinks that if virtual currency is given more priority then its policy on the payment currency will have an effect.The use of public on the main currency will be reduced.So they used to adopt any other currency as a legal offense.But, If they give permission to use bitcoin direct then all public use bitcoin.and increase bitcoin demand and continue grow.
It seems to me that some governments are afraid of bitcoin, this is due to the loss of power over the circulation of funds in the country. Because of this, the government exerts pressure. But states that will have taken Bitcoin and Crypto-Currency will are in a win, because this is the future. Also a government can try to correct the financial situation in the country if it allows the crypto currency.
Cryptocurrencies, especially Bitcoin as the pioneer, have created many innovations and we all know that innovation brings both business and employment opportunities. this new job gives the income for people who work in it and they who use their money, the economy will be triggered and bring in taxes from the transaction they make with the money from bitcoin.
yes, this industry will drive the local industry and economy. especially when many stores and merchants have accepted Bitcoin as their payment, but it can also trigger the growth in tourism sector. people also become financially free and can pay their needs without government help and they can also help their neighbors either by raising their economic level like opening job vacancies or donating to a foundations or charity organizations.
I don't think there is any government in this world that would allow their citizens to transact huge amount of money without any control, more and more countries are starting to take note of bitcoin and I believe there will be more country announcing their plan to regulate bitcoin and crypto-currencies exchanges that operates in their country.
Cryptocurrencies, especially Bitcoin as the pioneer, have created many innovations and we all know that innovation brings both business and employment opportunities. this new job gives the income for people who work in it and they who use their money, the economy will be triggered and bring in taxes from the transaction they make with the money from bitcoin.
because there is nothing wrong with Bitcoin, this is a real currency and it goes very well. the government also has no choice, Bitcoin is a decentralized currency that will grow whether governments want it or not. many countries have accepted Bitcoin and the government seems doesn’t to want to get left behind this technology.
maybe because they want to learn and apply bitcoin on their financial and economic systems later, they want to see the stability of blockchain and cryptocoin before they implement them in the system later. they have the power of Bitcoin and they will master it better if they learn it well and also make a competitor to compete with Bitcoin's power.
a lot of speculations here, but I agree with an opinion saying that the government let and legalize Bitcoin because it wants to facilitate the monitoring of transaction that occur rather than transactions occur in black market which is more difficult to control its existence.
hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
Yes all goverment must legalize this bitcoin becuase this is our future money. I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
I don't see things that way and don't think that governments have (direct) influence on the price growth and could or couldn't allow that.
They can regulate Bitcoin and other cryptocurrencies and that could influence the Bitcoin price, not necessary in negative way, but to my opinion financial institutions and governments have come to the phase when they also want to have some benefits from cryptocurrencies so price going up is in their best interest too.
They can regulate Bitcoin and other cryptocurrencies and that could influence the Bitcoin price, not necessary in negative way, but to my opinion financial institutions and governments have come to the phase when they also want to have some benefits from cryptocurrencies so price going up is in their best interest too.
hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
The reason that crypto was created in first place was to prevent government intervention on the money. Its a hard fase that we ALL will face, sooner or later. The US also made regulations and the bankers wont let their business fall down without a fight, prepare for that. Free world is not as free as you think.
hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
Bitcoins are dependent on mining and anyone can make bitcoin at any limit then why you want it to be taxable by involving govt? havent you seen many countries just accepted bitcoins and also there are some which still beleive it has no worth. It should grow because the world is moving towards digitalization.
for the government in the presence of this forum can help the community to reduce unemployment.
and while bitcoin forums are already spread even worldwide it is possible the government thinks that butcoin brings many new innovations or brings new opportunities. to get lot of results.
and that's the reason the government let it grow well
and while bitcoin forums are already spread even worldwide it is possible the government thinks that butcoin brings many new innovations or brings new opportunities. to get lot of results.
and that's the reason the government let it grow well
probably because there are many countries that use it as an online transaction tool and as a tool of economic growth of the country even though the government partially agreed to the existence of digital money but there are some countries that are prohibited from using it, and this is no problem bitcoin will be stronger 
For me i think government should not involves with this cryptocurrency as it will make a country fight for this cryptos technology. Eventually we all will condemned by our country. I mean it will be a war again peoples in the country vs another country and there will a very strict rule to join this cryptos in the future.
hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
If the government banned the use of bitcoins, more people will use it for illegal purposes. Also, many people likes to do things that government don't allow to piss them of. What should the government do is adapt in the increasing demand of bitcoins. They can control physical money and use it to buy cypto currency. This can make them powerful and eventually they can regulate the value of bitcoins. Tho it would be a long, risky and complicated process. I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
hi there
I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
Because they have failed to demolish bitcoin after so many attempts against it(i.e banning). Now they have realized that it is better to allow and accept bitcoin and cryptocurrencies but with regulations, so that they can restrict illegal activities of criminals with it. I wonder why should governments allow bitcoin to continue growing?
after all, they want to have control over the money that we are using
you think too highly of your government! who is government? is it anything other than a group of people we put to their positions to work for us? they may seem to make all the decisions and we to obey but they can't just make anything that people don't want. it won't work.
and if people want to use bitcoin they will, the government can not do anything about it.
and if people want to use bitcoin they will, the government can not do anything about it.
Actually, it doesn't really profit the government in many ways.
Maybe government does not profit from bitcoin directly but I'm sure our government wants the best for their citizen. Bitcoin elevates financial situation of an average person thru internet jobs that pays bitcoin, and it is good in economy because it reduces poverty and unemployment rate. Another thing is that when more people in a certain country uses bitcoin to transact rather than their local currency, the effect is that central bank wont issue more local currency and it is also good in economy because the value of local currency gets higher in exchanges. Jump to: