Bitcoin Forum

Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?

It is already affecting economies, when government officials are using cryptocurrencies for personal reasons they don't have tell to anybody. Cryptocurrencies in general are for financial inclusion so it is free for everyone to use it. And It may transpire as a defeat from their end when governments opt to using cryptocurrencies and they'll never accept defeat.

Many countries government have already started the studies for the possibilities of regularizing the bitcoins. As the bitcoin is decentralized currency, there is no control of any government which is the main problem for the government approval. There is also fear among the governments regarding parallel economy which has no control of government.

Government don't want that their people use a decentralized currency with anonymous transactions because government can't keep an eye on the money of public and there will be also taxation issues. Many countries have already legalized bitcoin but they regulated it first. Yes they can strongly affect the economy of a country if majority of the people in a country use them.

I think they don't want to legalize bitcoin because they don't want people to use this digital currency in their country. We all know that bitcoin is not stable, it is volatile because it changes it's price every single minute. Think of it, if the government accepts this, it will greatly affect the economy of one's country. Maybe it will be accepted as a payment but more than that, it won't.

Logic analysis ... 😉😉

Bitcoin surely is centralize it is uncontrollable but secure, not even the government has an authority over it but the government can surely implement a tax over transaction with it, simply some government would want bitcoin to be legalize in their country and some are not there are different things that some are thinking about how bitcoin will affect their country on how they will surely earn towards bitcoin and how their economy will be save by it, and I think it depend on what situation a country would legalize bitcoin there is a lot of aspect that they surely consider.

Governments have been using virtual currencies ever since they allowed fractional reserve banking. All Bitcoin has done is to decentralise virtual currencies. It has also shown governments a way to dump their old toxic debt at the expense of the taxpayer, and to create a new cashless currency under their control.

All indications are that, in the wake of Japan and South Korea, the European Union is also in the process of regulating cryptocurrency. For now, it is less about granting them money status, and more about imposing obligations related to the identification of customers to the stock exchanges and other entities that turn cryptocurrency.

The government does not care what you use, the main thing is to monitor your money and get taxes. Bitcoin does not interfere with this on its own.

Yes, this is because no one is able to cope with the transactions that occur, even the government even though it will be difficult to keep track of who is doing the transaction and with such, the government is difficult to decide how much tax must be paid by someone.

I think that governments cant officialise cryptomoney because they are without any tracking and trace, and goverments need have control of what are you doing :)
If you pay with your bank, there are all informations of you, if you pay with crypto there arent any information
And crypto transactions cant be used for demonstrate legal affair/deals

Where Bitcoin is legal, Government has already officially allowed its usage in the country. But where it is not yet made legal or illegal, Governments are more concerned about a decentralized currency gaining a major part in financial landscape that in turn can effect the economy. Bitcoin is uncontrollable by any central organisation, is hard to tax(there are numerous ways of evading tax), is highly volatile and for most of the part is anonymous. These all factors are not suitable for a dominant national currency. So, they can't really support it or propagate it to make it more popular.

I think the government does not authorize crypto probably because crypto is not the same as money and not physical, in fact in many crypto countries still not yet legal unlike money because a country can not regulate the circulation of crypto.

Sweet Jesus yes. Bitcoin is pretty much the literal antithesis of Fiat. Besides the lack of centralization, and it's deflationary nature, the pseudo anon nature is probably the kicker. Bitcoin enables capital flight; no gov wants that. They can't effect the protocol in a meaningful way, and a fair amount of criminality has attached itself to bitcoin because of the aforementioned points. Govs don't really have a reason to like bitcoin, it doesn't really jive for what has been pushed as sound monetary policy up to this point.

But, bitcoin is still a bit undercapitalized as far as subverting a nations fiat. Maybe a teeny, tiny country ;)

Quick answer to this is because bitcoin transactions can't be monitored or controlled by government authorities and they can't stop money laundering with bitcoin.

But there are lots of other hidden agenda governments/big banks have which can be affected by introduction of bitcoin. Many countries have legalized the use of bitcoin but it is still not accepted as official currency like other fiat.

Bitcoin's transactions aren't anonymous! They only seem to be anonymous, but you can track every single coin and at some point somebody will have to exchange it for fiat or goods. At this point he will become a target if somebody decides to put enough effort into finding him. Cash is more anonymous and almost impossible to track.
Governments are trying to ignore it for now because they don't need it. They have their currency that works and implementing unstable Bitcoin would mean a lot of work.

Governments and big World Banks will make their own coin or something like that. They don't like cryptos because profit isn't going to theirs pockets.

it is not that easy for government to accept cryptocurrencies anytime soon in official way because the idea of crpto against some regulations made by them , at every country government need to control money resources and weapons which is not possible in our worlds .  

It will take down everything they worked hard for and their grand grand fathers.
Fiat money or let us make USA as an example which is using the USD. It is their history and we know how patriotic every country is. With that, changing their currency is like just demolishing their own patriotism. The paper money tells their heroes or great presidents and should mot be stepped down.

When we think about the national currency each country has got, it has its control under the hands of government. The same is not possible with the bitcoin, even if the government legalized bitcoin. Also in the past several negative as well positive results have been obtained on legalized usage and different governments have different thinking about the bitcoin adoption.

Governments are working on regulations that will incorporate cryptocurrencies into their economies. The problem currently is the great volatility in the market - it IS affecting governments. I'm sure within the next 5 years we cryptocurrencies will be regulated.

If the government officially adapted bitcoin then there will be a chance that the income tax will be decrease, because all of the transaction is hidden and then if most of the citizen used crypto currencies then the circulation of fiat will be decrease and that can caused inflation, so before government  make a move, the government need a lot of preparation and thinking

Bitcoin is pseudo anonymous and decentralized which no governments will support as they want to control the money over people. Some country's and governments will think of making their own crypto currencies sooner or later.

According to the market trend, governments are intending to accept bitcoin, so I think the bitcoin market will grow strongly in the near future. That's my personal opinion.

Hi well, here i just add a little ...
For me personally I strongly agree, tapai for the government seems to be rejecting Crypto, especially for rich or advanced state government, I am sure For rich or developed countries will feel scared if his wealth will be equal to other countries like other countries, be it Used as emergency crypto or common crypto.
that's just an extra from me  ;)

As for the situation that we have here in our country, bitcoin hasn't affected the economy yet seeing how little attention there is for the crypto plus businesses that accepts bitcoin are non-existent as of yet. The government is open into regulating bitcoin as they have already made a statement that they'll support it provided that exchanges comply with KYC and AML regulations.

How? If we can create new cryptocurrencies immediately.

I think it affects the government very much when transactions, the flow of money without taxation, it hurt a large amount of property. In addition, the government can not control Bitcoin as well as its account holders. So they do not let Bitcoin officially operate

There are arguably only three crypto currencies - Bitcoin, Bitcoin Cash, and Litecoin. The rest are actually tokens and scamcoins. Anyway, as long as the government regulates it and the laws integrate cryptos, people really won’t be able to create them just at will. I’m sure tokens will be easily created. But regardless, I think it will require some sort of approval process. This is the nature of regulations.

Honestly I do not see any principle differences between BTC, forks and other altcoins.
And I think that people will be able create their own new cryptocurrency as they wish anyway. This is a matter of trust of a group of people. Which can be very different in size.

Quick Answer government can track Bitcoin Transaction I don't know about anywhere else but we do, If IRS suspect any fraudulent transaction and suspicious money laundering type of transaction IRS can track that which is already started, Its not easy but its not hard to find who is actual owner.

No matter how clever or smart a criminal thinks of himself, he is destined to leave a clue behind. Maybe, it's what we call karma. Universe returns one's act back to him. With time and brutal effort, IRS could have discovered ways of tracking. That's why I have always advised people to do the right act so that you don't need to hide from anyone. No fear of getting caught.

Ehh, when a person do not intend to be tracked then do not use bitcoin, bitcoin is very transparent when it comes to its transaction. Maybe monero or other privacy projects might do the job.

An important factor that you can not ignore at this point is the pace of progress in the Blockchain ecosystem . Every day, there is a lot of innovation or a new launch with many promises.
Considering the independence of the Blockchain industry , it seems to ignore the support from government agencies so far. At the same time, events in the ecosystem create the idea of ​​a self-sustaining community. This philosophy seems to create a degree of serious concern from the government, so they have no hope of finding any involvement in the system.

According to Cassidy, the government and banks understand that we are rapidly moving into a digital world, including our money. Bitcoin and Blockchain have become hot topics over the past few years and along with that some pressure to gain a stance.
Cassidy noted that this is a learning process for almost all traditional organizations, so it is normal to predict a position in the next few years as well as in the political arena with changes. government policy.
By the end of 2016, Nigeria's Central Bank Deputy Governor , Adebayo Adelabu , pleaded with the National Electronic Fraud Forum (NEFF) to work harder in an environment where players must learn to swim or sink in waves. new of this new technology. This statement clearly shows that the government has realized the importance of breakthrough technology is here.
Although there are mixed reactions from the governments of different countries around the world, one thing that still fits is the advance of breakthrough technology. It is really moving and it is moving very fast.

 countries such as USA, France, Germany, UK, Japan, Canada ... have developed legal framework, policy to manage business activities, use virtual currency. In particular, focus on four issues is the development of regulatory framework for management, issuance of tax policies for investment, trading virtual currency, policies to protect the interests of the owner of virtual currency, Virtual currency translation by private issuers.

Bitcoin prices have been moving forward since the beginning of 2017, and governments and the central banks have been more vocal on issues related to this breakthrough technology.
Almost no day has passed without a government statement about Blockchain, Bitcoin or Money. These claims could be to revoke the original ban, issue a new injunction, investigate the rules or apply the technology and some other activities.
Obviously, governments seem to be under pressure to put a stance on Bitcoin and blockbuster, and that may be the main reason that managers keep saying "wrong".

Someone has to present the case and write the law to 'officialise crypto-currencies', someone in a legislative position, usually these people have more concerning issues to attend to, but when crypto becomes a huge industry then someone will have to do this, at least for tax clarity. :D

Based on the independence of the Blockchain industry, participants seem to have ignored the lack of support from government agencies. At the same time, events taking place in the ecosystem also open the idea of ​​a self-sufficient, self-sustaining community. This philosophy is likely to lead to government anxiety, and consequently an attempt to find despair of relevance in this system. Governments that are pursuing this quest for relevance are a completely different matter. Looking at the activities of different regulators around the globe, many conflicting claims have been made, sometimes by a particular government briefly, as witnessed in the United Arab Emirates United Arab Republic and Nigeria. These activities clearly show the pressures or demands that governments are facing.

This is my point of view. Media and Government are separate to each other. Bitcoin and other cryptocurrency uses one of the type of media which is New Media for us to be access and used it. The Government is too busy for this thing. Our government and our country is facing a problem today about war on drugs that many people are being died and also the civilians and the innocents too.

Government does not officialize the use of bitcoin because they do not treat bitcoin as a currency but rather as a form of payment option. They can legalize the use of bitcoin but not as a currency or will replace the fiat currency. There are many complicated conditions that should be considered before implementing a cryptocurrency to be officially adopted in a country and many studies will be done since it could affect the whole economy.

There are lots of reasons why the government does not support Bitcoin. First, it is decentralized. No one has a control over it. Second, even the criminals and terrorists can use Bitcoin. The government does not want to encourage it. Lastly, Bitcoin has high risk in using it. The government is still studying if it is beneficial if they will accept it. There are still lots of reasons.

Every country has special rules about its government, the existence of bitcoin in my country can not be inaugurated but its use can not be prohibited. Even the government here has rules on every bitcoin user. Bitcoin made by shatosi nakamoto aims to serve as an alternative transaction tool. With increasingly modern technological advancements in the present era, bitcoin is becoming more popular in my country, but the government will ban bitcoin users if they make payments using bitcoins without switching to existing local currency, since bitcoin in my country is only used as a tool For transactions in the form of barter only.
already many people who benefit from bitcoin because bitcoin can change their economy to be better than before.

"Many countries government have already started the studies for the possibilities of regularizing the bitcoins" This is true some big banks are also studying on Bitcoin and giing lessons to their employees. In a short term they will announce they ar accepting ibtcoing transfers we will see.

Bitcoin program can not be stop by the government, the government can join also bitcoin mining just like north korean government do. Bitcoin is unstoppable.

I think the government is not willing to legalize the emergency bitcoin, maybe the government is more thorough in making decisions, and maybe someday the government will join in bitcoin.

I wonder sometimes from what part of the world are the majority of the posters around here.

In 3 whole pages nobody has questioned one thing.
It's not the government who is passing down laws.
The government is the executive power , the parliament is the one issuing laws.
And the members of the parliament are the ones you people are electing every 4 years.
So if you're not happy with his past work, why voting for your stupid representative again?

The banks will support Bitcoin mate, and they will oppose because if the govt accept Bitcoin and make this legalise then, there is no work for banks. And they will not get any revenue. So if the govt accept bitcoins, they may start to oppose that decision. If govt wants to accept bitcoins means BTC need to improve a lot.

I dont think bitcoin will affect the economy of the country because it is limited and there is more money in the world as compared to bitcoin today. Government don't officialise it because may be it is not worth investing into it for big bodies like government. They might be seeing it's limited use in day to day life and that's why they don't want to spend money on it. That's logical becayse government has many more other options which are better than bitcoin. One more reason is bitcoin being decentralised won't be having any control of government or vice versa.

They have absolutely no control over it. They cannot influence it. Therefore, they don't endorse it nor encourage official usage. If bitcoin becomes predominant method of payment in the future, it will certainly affect the economies in a big way.

To compare between Bitcoin and the government, one thing is to say the government does not like Bitcoin.The government does not want the digital currency people to use.The government does not get huge amount of VAT on digital currency transaction.

what if they create a system that will monitor every transactions came from crypto's? its not impossible for the government to do so as we knew that they
are always wants to have more generated tax to each individuals so i think if they find it out that crypto already bringing millions they will start to interfere.

I think the government needs tax once if people are paying taxes on time then immediately governments will accept Bitcoin as a legal currency. See how Japan and Australia have legalized Bitcoin as a payment method in their country because they don't want to loose on people usage.

Governments' most favorite dish is TAX. As far as they won't be having anything from crypto currenct transactions, they won't be willing to support / promote it.

I think the government does not legalize crypto because of its unstable price, but it also has decentral crypto where the government can not regulate price, volume, etc.

I think it's better that the government does not authorize bitcoin in payments in the country because it affects the native currency in any country.it's better if bitcoin is just an alternative payment but does not break the rules.

For me I think cryptocurrencies has huge effect and it help economy in the country because it bring more money from outside the country, government should recognized this currencies and make some rules and regulation to have shares of it.

Bitcoin is the most popular investment for now, everyone hunt and buy bitcoin, marketcap cryptocurrency has raised more than $150 M and I think the governments must accept bitcoin as legal second payment.

Is the market cap really $150,000,000,000?! I remember when we were waiting for it to be just $1,000,000,000 years ago. Oh, how things have changed. hahaha

Whether we liked it or not, it will really change and still it will evolve. I still remember those past old days where the value was almost being rejected by people, and look at it now? it really grows faster than we could imagine. I also thought about this back then, I have read some posts regarding those medias and government, as I recall they consider bitcoin as a member of media, but for me it would be basically belong to economy, where circulation of currency happens. Let us just wait further and watch out what might gonna happen.

I for one think that the government may not be really that inclined to pass a bill or law legalizing the use of cryptocurrency in the jurisdictions.
One of the reason why they dont want this to happen is that theyll lose the power to monitor the exchange happening to cryptocurrency...
We cant deny the fact that governments around the world would always want to have their eyes on any transactions happening in thier countries especially if it is related to money.
Politicians may now also start to hoard some bitcoins for themselves but not totally informing the public what is happening with cryptocurrency nowadays...
Knowledge with cryptocurrency can also make someone selfish....

i think, if the governments will use the cryptocurrencies they must have strong security against hackers who might try to visit them. and that is not easily like as we thinking about.

there are some countries where the government has regulated bitcoin, but most governments do not regulate bitcoin because it is difficult in their supervision and many issues must be studied for the government, especially from taxation and security guarantees of customers' money in bitcoin that is why many countries have not regulated bitcoin although in fact in terms of the economy can create a better economy for the government

better to be more keen in learning how this will be adopted by more countries and how it will be hyped by more news that will be happen inside crypto
industries I guess we cant stop things to happen but we always have a chance to go along with any changes.

Can't seem to comprehend how this two different body may worked together except for those country's with such great governments and discipline people from Japan. But I don't think it suits to the other part of the world as corruption rate is high and the people are not law abiding citizens.

How can the government do that, if bitcoin or cryptocurrencies are decentralized, we all know  government in each is country are centralized. Therefore, for making it officialize  that won't be happen as long as it is decentralize.

Not all of the Governments are not accepting or making bitcoin as their currency, Japan already make bitcoin as their currency, so it is not impossible anymore for the other country to make it happen also. Bitcoin ETF must be approved by the SEC first I think before all of the countries making bitcoin as their official money.

If implemented it can somehow change the economy and that is just for the start.
If it is completed and be a part of the daily lifestyle of people it will grow more and might make a big impact with the economy of the country.
Just looking at what technology had done. Almost all people are leaning thru the internet and want everything to be dealt online. Bitcoin is for that purpose.

you've got pretty loose arguments there; the dollar, euro, whatever, can be used by drug dealers, terrorists, you name it. does the fact that terrorists might be using the euro as their currency cause governments to shun the euro? pretty sure they don't. and you fail to state exactly why using bitcoin is so 'risky.' you provided a statement, now back it up. I'll agree that governments are studying bitcoin and related technologies though, weather or not they will accept it after said studies are complete are an entirely other matter though.

Same thing with gold - in most of countries there are laws that doesn't allow using gold because of great taxes for selling/buying.

They don't legalize the cryptocurrencies because they see a threat in bitcoin or any cryptocurrencies like it can surpass all the old strategies that they are using on their country to distribute their services and they also think that it will affect their income because if the people will use cryptocurrencies then the user of the fiat will decrease and it will lead for a huge loss for their overall country income.

POST REMOVED

they dont want bitcoin because they doesnt know it more better and the thing is they see bitcoin in a bad way, all they know is they cannot regulate it and they dont have any benefits on it thats why they dont like it. but if they only realize that the bitcoin will be very benificial for there countrymen it will be good.

I think that the government is afraid of Bitcoin, because of the lack of centralized control over the processes.

I counted tax rate in circle process and was really surprised that real tax rate much more than 100%.
F**ing governments stealing ALL our money and of course they afraid of money that they cant stole.

certainly bitcoin affects the economy of the country. bitcoin is a digital money whose value is pantastic. if from the past the government invested in bitcoin imagine the benefits gained now?

The first reason why some country don't legalize or officialize the use of bitcoin is because it is not subjected to tax, Government will not get a single thing in legalizing bitcoin unless they will impose tax into it. Second one is bitcoin users anonymity, It can be use in illegal activities and fraud such as money laundering and etc.  

there are some governments that already legalized the use of bitcoins, since they know that they cannot stop the growth of bitcoin and they understand that everything needs innovations, even the currency we use, just look at those countries that accepted bitcoin, korea, japan, china, russia and india, there is no doubt that these countries have a huge population and a lot of information technology businesses, they know how to spot what will be the future,even floyd mayweather and mark cuban, two personalities that even made their own alternative coin, just to name a few. those governments that are fearing bitcoin, i think are those that are being corrupted even by their own banks, since banks know that they cannot control bitcoin and there will be no income for them whenever transactions are being made, they might end up loosing to bitcoin and then finally shutdown, they will try to bribe their politicians or set a mind set that bitcoin will be bad for the economy since the value of bitcoin is higher than their fiat. what i see is that since they cannot control bitcoin and know they will loose, they try to get rid of it at its starting stage or early years of development, since they cannot regulate bitcoin, it will be easy for them to control those people that haven't even heard of bitcoin. we should also keep in ind that banks are part of a nations growth, and since they have a lot of money, they can also control governments.

Bitcoin is a nightmare for any government. The current system in the world contributes to the fact that power always come to the thieves and corrupt officials. If people will use for calculations of bitcoin then they will have nothing to steal. What will they do then?

Bitcoins is decentralized there are no countries or corporations become regulator of bitcoins
basically bitcoins doesn't needs countries, even some countries or government ban usage of bitcoins.
Bitcoins will be alive because bitcoins has large of comunity on around the countries in the world,
many miners, investors, developer of bitcoins around the world.

The problem with Bitcoin is that it IS already regulated. Not to the extent of fiat, but the main regulation points (exchanges, payment processors) are already heavily regulated. Many governments require ID verification and phone tethering.

The relationship between the government and bitcoin is not sweet in most of the countries. Because, bitcoin has created a parallel economy which is against government's policy. Government will never want to distribute free money to their citizen's hand because that will indicate the shift in power. If the citizens become rich, the power shifts to their hand. So oppression is the basic rule of fascism.

So, till the time government doesn't take much interest in bitcoin, that's good for you. But if they start showing interest in bitcoin and its circulation. Then you may have to re-think about your bitcoin earning strategy. because chances are high that government will ban it.

Governments have already began to accept Bitcoin. japan was the first one who admitted bitcoin as payment instrument. I suppose other countries will follow this example soon, cause of digital currencies really can develop the economy of the country, its extra money to the government's exchequer. Who would be against? But crypto currencies doubtless dissimulate in itself some danger, such as hidden identity, which can be used against the government and people, for example for terroristic acts.
Don't know why, but I have a feeling that after the mass acceptance of digital currencies it will come a wave of it's mass banning or admitting as illegal.

so? anyone can use paper cash to buy weed off their neighborhood weed dealer, these purchases aren't taxed, and its definitely illegal. in addition, hand to hand cash trades are even more anonymous than bitcoin, where you can view every transaction on the blockchain. every one of the reasons you've listed can also be said of paper money, yet the government doesn't outlaw it do they? you're looking for reasons, yet not thinking them through.

because of some reason i guest. but many other country are already accept this so called bitcoin, and many of them (from their country) are getting lucrative from this bitcoin to ease their some transaction outdoor.

and i think those country that really not accept bitcoin are country that not understand most the value of this bitcoin for their countrymen, they got banned bitcoin from using it or got no exchanger because i think they looking forward of the mass scam or something if they accept this but they are wrong.

there are many country now accepting bitcoin but taking it into be a currency as payment for everybody would be a long way of debate, as bitcoin is decentralized, you cant track it, which the govenrment want to really know where your mney came from. but as i know there are country accepting bitcoin such as japan korea russia and china which have really huge effect on there economy in terms of technology. if these country are using and accepting bitcoin in the near future many country will follow their step. But one thing for sure it should be regularize by the state and transaction fee will increase maybe tax will be place on it....

As we know every county have own paper currency and we use it. the government rules it. we know also bitcoin new revelation for world. its decentralized currency.. any government don't control or track it. some country legalize and the use it. but some country don't use it for some seasons. they think bitcoin will be harmful for they own country economy. but its not true.

bitcoin also affect our world economy. you can see now total crypto Market Cap: $169,560,066,479 .. In coinmarketcap.com info but you can see bitcoin  market cap $76,572,201,700 in coinmarektcap.com info. so you see how much affects our economy .    

Thanks

  

Lol, I like what you said – “they will have no money to steal” – lmao. Thieves they are,  all of them, they keep stealing from the country they’re  meant to protect and serve. If there is no money,  then it will be a difficult thing for those in the government to steal from the country.

But,  it wouldn’t be a good idea for the world to use it.  No,  never,  never a good idea, NO WAY.  The world should continue with real currencies.

The government always wanted to control the country. There are rules or laws to follow all throughout the world. When we talk about bitcoin and government, the government can't control bitcoin because it is decentralized and probably they will not like the idea of having uncontrollable currency in the country for it will affect the economy.

I don't think that many governments have a problem with bitcoins.
They are very similar to stocks. I can buy stocks form businesses from other countries as well, and the governments do not bother.
The main problem of cryptocurrencies at the beginning was that too many criminals used it for money laundering or other activities.
But I don't think that this is happening with bitcoin on a larger scale anymore.
People have even started to pay their taxes when they do business with bitcoin. And governments like taxes.

Nice one! The government are afraid of the cryptocurrency because they can't control and can't get a tax from that unlike in bank they can control it and even get some  taxes.

First point is valid that Government cannot control crytpcurrency but about the tax part you are wrong , now the country which are accepting Bitcoin as currency and even implementing the tax to be collected so now some country are  ready to go with cryptocurrency.

By the time bitcoin is legalized on any country it is the time where it will be put under a taxation. Well, it will be a less on the profit but on the brighter side, it will be able to help raise funds for the country it will be legalized on.

Tax is not bad. Bad is in legality - goverments determines on what you can spent your money.
I want to pay taxes but whithout any control of my activities.

yes indeed with the bitcoin then the government will not be able to fully control the bitcoin. perhaps not only that, the government is also afraid that when there is a drastic reduction of bitcoin prices then the economy in their country will be unstable. this is the main reason, but regarding the oversight I think the government will not have any authority to be able to see the bitcoin owned by its citizens.

I also do not want the government to control my income. And I would not want to pay taxes on using crypto currency. The government should not restrain the use of crypto currency

Taxes resemble a mother. We often do not understand her, but we rarely forget about her. Will bitcoin features let you escape from the taxpayer? Doubtful. The reason is prosaic. Virtual tokens are a reflection of real money. Where there is a monetary value - you can be sure of the act of income tax on individuals. We do not avoid this :(.

probably because bitcoin is not yet in the shelter of a strong company, although it has not been allowed by the government, bitcoin has a lot of influence for the country's economy, now many have benefited from bitcoin both rich and poor

Some countries are already regulating the use of bitcoin, that is a start. Bitcoin is still very young, and it is still a long way before countries start legalizing bitcoin but it can happen.

I'm not an economist, so I answered according to the knowledge I know.
this is difficult, because the state does not want to lose the bitcoin part or validate the viral money. Why ?
because of the unstable bitcoin properties and changes. this is a consideration of a country. and I think the country has its own currency instead.
that's why bitcoin is less addressed by a country.

yes that is right to say that it is just the start and very soon. it will become possible that bitcoin become as legal currency throughout the world. i am sure that bitcoin will become as legal currency because a lot of countries are now thinking about to consider bitcoin as legal currency and specially after japan acceptance of bitcoin made the way more clear for other countries.

Because many government wants to know your financial assets and they want to control the money circulating in the community or country. But there's some country approved using bitcoin as digital cash like japan . Japanese people likes innovation so much thats why they approve it and they see the potential of bitcoin. It really depends on what country you are or what your government thinking.

Yes, it is too detrimental for them. Therefore, they do not accept it because it is not taxed and it is difficult to control it. Besides, they always want their money to grow instead of accepting a different currency

Goverments will ever find it very difficult to officialise or adopt cryptocurrency into it financial system because they would never accept what the cannot control or have control over. If governments especially the leaders and politicians including elites of developed countries has there way they could have destroyed bitcoin long time ago because they know bitcoin will bring freedom to people and humanity. Bitcoin and others cryptocurrency is freedom that the elites and politicians will not what you to enjoy and They will ever fight bitcoin.

Right, bitcoin is still young, it needs more development. It is bad when bitcoin is considered a forbidden currency in my country. But fortunately this management is not very strict, I can still use it freely.

Many countries have even legalised bitcoins even though they can't control it as Bitcoins are decentralised means that control is given to the user or owners of the bitcoin's.One of the things that governments are afraid of are that bitcoins are anonymous means a user can go intractable or detectable in a transaction this can be used for many illegal activities.Many countries as seen bitcoins potential and have legalised it like Japan where bitcoins can be mostly use anywhere i think.So I don't think so that there would be that much of friction between bitcoins and the governments.

bitcoin can only be applied to developed countries because the transaction tax is clearly regulated in the official law. But they still apply the kyc pattern where users are not always completely anonymous, friction will not mean much to them because it has strong authority to intervene in something, but it will happen in third world countries.

But many countries have legalized and regularized bitcoin as their currency but they have no control over it. All the control is in the hands of their respective owners. But if they make a specific law for using bitcoin and the governments have the data of all the bitcoin using their local people they will overcome the control soon.

But I don’t think that it is needed that the governments should have control over the bitcoin. People owned then and they have the right to use it as they want.

it like second wife  ;D ;D ;D ;D

first wife not love second one but for man both of them hot

That bitcoin excess, you can do anything without government rules. if the government limits I think it's a waste of time. unless the Government closes the total internet access. and that is unlikely, the government only retains its power with current rules. and Bitcoin is freedom.

The governments of the different countries of the world recently have started using bitcoin. But, they are still at the field level and Works behind the scenes of General people.
Besides, the governments of different countries are currently reviewing the future possibilities of BTC.
The main problem of official approval that it is decentralized transaction.
Decentralized currency can be a tool for smuggling and criminal activity.
It can damage the country's economic system and cause huge losses.

I also think like that, bitcoin is a freedom so the current government can not to interfere with the affairs of every party who play in bitcoin world. the government should only be able to support when bitcoin does not harm the government and the state.

yes the government should provide support for bitcoin users who are in the country, because with the development of bitcoin is increasingly will certainly give a good influence for the economy of its users

Dangerous for the State, because the state does not get tax. it is important for the government. Income from taxes is huge.
The government is afraid of losing its revenue.

That's when cryptocurrencies will begin breaking the monopolies of governments to collect seigniorage income—the acquisition of commodities and assets by printing money.  Sadly for Bitcoin enthusiasts, the day Bitcoin replaces national currencies will never come. Big governments have the power to crush Bitcoin before Bitcoin crushes them. But things may change once cryptocurrencies gain greater acceptance by the "early majority," a larger group of individuals that turns the small demand for these currencies into a cascade, replacing national currencies as a medium of exchange and store of value. Still, the digital currency won't disappear. The technology behind it is far too powerful to be controlled by big government. Bitcoin will return back to its old role: a collectible currency for tech savvy enthusiasts.

i am thinking the same to you. we know that people which convert their bitcoin into fiat doesn't have to pay the taxes and if government can apply taxes to us, imagine how much we should pay to them. and from bitcoin only, i guess the government will take huge money if they applying taxes and they can add more revenue.

Bitcoin will always be a threat to government as long as government can not control it. Government always want something they can control, don't want citizens having total freedom over wealth

Government will lose all the taxes and tariffs from exercise and duty. The government will be poor and could not exercise most of her duties to her citizenry. That is more reason why Governments will never legalize Bitcoin. 

There will be interesting conference in Singapo9re...and I want to learn more about it... from my experience, I feel that conferences could be a good way to learn... I found this one https://blockshowasia.com/ and I'm thinking to go, but tickets are not so cheap, I have money and I suppose it could worth it... what do you think guys? have you heard about It?

The government always wants to be powerful, and always does not want new things to snatch their own cheese, unless this new thing is helpful to yourself. And bitcoin is also a huge threat to the banking industry. So it's often seen that the government and the bank - related people are blowing up the bubble of bitcoin

To compare between Bitcoin and the government . Bitcoin is uncontrollable by any central organization. Government should recognized this currencies and make some rules and regulation to have shares of it. There are many complicated conditions that should be considered before implementing a cryptocurrency to be officially adopted in a country. Maybe, it's normal to predict a position in the next few years as well as in the political changes.

Definitely yes that cryptocurrency has an effect to economy. If the government will legalize cryptocurrency they will impose tax. Government will receive a huge amount of money coming from the taxes. But theres always a consequences.

The Indonesian government seems to have yet to provide clear regulation on virtual currency including bitcoin. The government's stance is generally to prohibit transactions using currencies other than rupiah across Indonesia. But to determine the bitcoin as a commodity or not is also unclear.

Bitcoin is a site that has a huge amount of money to earn and make a bitcoin.Bitcoin is the life of the loser while the bitcoin value grows in size.Bitcoin will change our world and get to the hardest of our country's poverty. Bitcoin will also cause the development of a poor and low-class nation. It's easy jobs and leverage when bitcoin has their attention and time.

Governments are required by law and need to follow in order to improve a country.A government is the system or group of people governing an organized community, often a state. In the case of its broad associative definition, government normally consists of legislature, administration, and judiciary.

The Governments all over the world are not regulating bitcoin as the main currency due to several factors such as bitcoin network is highly decentralized and no one has control over the network not even the government and the central banking system, they cannot impose tax as there is high anonymity in using the bitcoin and blockchain technology, no one will be able to know who is sending money to whom only the receiver and the sender knows through the network, as it is a peer to peer payment system. As more and more user's are entering the bitcoin network the Government from most of the countries are trying to adopt this bitcoin and blockchain technology by creating a new crypto currency like bitcoins.

Its time they reconsider each local currency and market system and try to learn from bitcoin. Trying to change bitcoin and be hostile with it will get them to nowhere, they can't stop bitcoin by banning and whether they like it or not it truly will affect the economy but in an advantage for the people whom the government should be serving in the first place.

In the government as a rule there are rich people who want to maintain their influence. And they are satisfied with the existing order in all the new they see as a threat. The government should not regulate bitcoin. Over time, the community will solve its problems.

Governments has been always the reason why the legalization of bitcoin is still delayed. So I think it is good that bitcoin will not be legalized so that government will not going to control it

I think if bitcoin and government is combined, it is much more disadvantages than advantages. And its better if bitcoin dont try to get invovle in government just stay the same, no government to control it and bitcoin is free to move and no law to obey. Bitcoin is much better even without government companion to over rule it and what to do.

government need to collect tax and they can't collect from bitcoin. some countries are already studying it how they can implement it in their country.

The are only two possible things happen it either the government will adopt Bitcoin or the government will not recognize Bitcoin.because Bitcoin can work without government interventions because block chain technology work it self with out third party interventions its a peer to peer transactions.  

I think the government does not allow people to use bitcoin for many reasons. The value of bitcoin is unstable. invest in bitcoin if you do not know how prone to pretend virtual fake pages and misappropriation of money. This is because the deals are mainly on the internet so the risk is quite high. Hackers can steal your money. Bitcoins are also tax exempt so allowing people to use bitcoin is not profitable for the government. If people use bitcoin, they must close the bank.

Probably they can co-exist if the government will have the possession and control of bitcoin especially if they can be imposed regulatory tax on bitcoin. But as of now even though many businesses and banks here in our country are accepting bitcoin exchange or cashing out the government are wary of buying bitcoin in our country especially now that the holiday season is coming, that people may spend their bonuses and benefits in buying bitcoin which is why they are imposing some regulations regarding the transaction of bitcoin.

Not only chinese government try to get control of bitcoin,all the government including american government.All the reason behind this is bitcoin make a influence in their own country economy.Bitcoin give a job to unemployed people,give money to the people need of additional money apart from their salary.This are the reason behind the government activity in bitcoin.

for me personally, it can help in financial. and i admitted that bitcoin is best resource to earn money.
so, just imagine if government, all people that work in government try invest or work in bitcoin, believe it, will be advancing the nation, decrease unemployment, and many thing that bring positive impact

Bitcoins and governments don't go too well together. The government, in our case, always wants a piece of everything we have. So to even try to harmonize bitcoins and the government would be catastrophic to us owners. They'll tax it. They'll "regulate" it is what they say. Only for us to fine out that they're leeching the hell out of our bitcoins.

If a country has legalized bitcoin, then the government will cooperate with the crypto world in a country's economic growth.

The governments don't want to officialize bitcoins because it's a decentralized currency, and it means that government can't control transactions.  The taxes are important  ;)

I think the government should first think about whether to legalize bitcoin domestically, think of its positive and negative impacts. If they think, bitcoin has a greater negative impact on positive impacts, the government will not legalize it, and vice versa. I strongly believe that bitcoin can affect the economy of the country, if the prosperous economy rely on bitcoin then the country's economy will improve.

Bitcoin cannot really affect the economy of a country because if that is possible then bitcoin will become a very popular cryptocurrency or coin in different major countries since it can affect the economy of a country and makes it even better which is not really happening. Bitcoin and other type of governments will just stay for being not decided because they still need time to study each side.

Don't worry. The government will use bitcoin within a short time when they will see, it is better to use.

for now government relations with bitcoin in my country has not been so intertwined because bitcoin has not been inaugurated by my government, the possibility of bitcoin can affect the economy governed by all live government that manages if good certainly will be a good relationship and for economic progress in government

I think it's happening, people's economy is getting messed up by the presence of bitcoin at a very high price. They big investors may be relaxed because they are a lot of money to invest, but middle-class people down will be difficult to buy bitcoin.

bitcoin and government to unite I do not think it would be possible because if bitcoin has been set by the government then bitcoin will not develop because bitcoin has high privacy on its users. Imagine if bitcoin is governed by the government means bitcoin is no different from ordinary currency and this will cause bitcoin to stop growing because its identity has changed.

I don't think bitcoin will be accepted by the government due to its transparent transactions which cannot be track. Or maybe they have more better reason for refusing bitcoin right now.

Bitcoin was already affecting the economy of every country here in our country the bitcoin was not legal and they are giving news that if you are joining in bitcoin you are go to in prison and they are always saying that it is a scam so that government here in our country was not approve and accepted the cryptocurrency.

Yes, it can really affect to the economy of the country. Because government cant liquidate the money in the world of bitcoin. It might also be people do depositing in bitcoin rather than banks. The supply and demand of the money will decreases the factor in economy basis. Because cryptocurrency are its own world or should I say has its own government.

I don't want bitcoin to be legalise. Apart from it will destroy the balance and peace between the government and the govern, there's a high chance it will badly affect the future. Bitcoin is awesome right, but then again it can be use in such ways one will wonder.

Because governement doesnt want the banks to be less profitable when it comes to monetary transactions. As we all know banks are one of the biggest taxpayers while Bitcoin has a tax-free transaction, the government literally get nothing from every transactions made, and they dont want to see banks closing down because Bitcoin is rolling up. This is why its hard for the government to embrace the era of cryptocurrency, Im sure their looking for a good medium to fit this kind of technology in our society, lets give it a few years.

bitcoin can really be dangerous for the government...but I don't think that the leaders of the countries would allow this to happen if it really was so...most likely that somehow they can control everything and just observe the reaction of the population

Government actually recognize bitcoin as a crypto currency in which a lot still need to be sorted out. The government knows and some people among them use bitcoin, but when it comes to the constitution of the country, what is it saying concerning the crypto-currency? It just have to be debated and come to  a clear blue print concerning their deliberations. There are countries that have approved the Bitcoin, with policies on how it is going to be regulated, used and taxed, depending on the countries involved.While government of countries that are yet to embrace Bitcoin, tends to frown at its activities and there by warning its citizens to desist from investing in bitcoin.

Bitcoin claims that “It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.” That lack of central authority is the primary reason governments are afraid of the cryptocurrency.