Bitcoin Forum

We are led to believe that almost all governments are corrupt and that most officials and even leaders of the world are bought.

We saw this for instance with the US elections where rumours are doing the rounds that massive amounts of money were channelled from foreign countries to influence the outcome of the election. This money had to be laundered through shell companies via Banks and complex money laundering systems.

All of this leaves paper trails and this can later be followed and investigated to find the true origin of this money.

Now think about this, why would "corrupt" governments want to appose Bitcoin and Crypto currencies, if they can use it to hide their "corrupt" practices? Would it not make sense just to allow it and then use it to further their political aspirations?

The push back from these corrupt governments does not make any sense. Could it be that they know that Bitcoin and Crypto currencies are not "anonymous" at all and that these transactions can be traced and for this reason they are apposed to it?

Curious to know what you are thinking.  ;)

As regards bitcoin and cryptocurrencies been used by corrupt government officials to be safer with scrupulous transactions,i think you actually already provided the answer to that

Bitcoin transactions are much more transparent and considering the fact that everyone transaction is recorded on the blockchain technology for everyone to see,i think their conventional means should be a safer bet....

But I do not really feel that's the reason for a crack down on the system,its viewed as a direct threat to fiat,seen as a scam and a possible menace considering citizens could be in line to lose huge amounts of money,i think the government is trying to avoid that..
 Also nations with dwindling economy and poor currency value,wouldnt want the introduction of a digital currency considering the fact they are still struggling to uphold their national currency

The Government will find it difficult to accept cryptocurrency because of it transparency and audit report done 0n the blockchain that can not be eraze. the Government control the centralized means of exchange where they tax banks and or other financial institutes illegally at the back door unknown to the public,this bribery and corruption of the Government is what leads to the crashing of financial cooperation downsizing and also leads to crashing down of companies who can't  meet up to their hidden terms and conditions .it will only take genuine leaders who are ready to be transparent to accept cryptocurrency .

when you control banks and all the transactions it is not hard for you to hide the corruption either. so you wouldn't need anything else but the same system that is already corrupt itself.

additionally bitcoin leaves the worse trail behind because it is visible to public whereas a trail in banks is only visible to the bank and internal affairs not to the public! and even if it leaks some day they can simply put it down by calling it conspiracy or something like that.

Government is not against crypto if they can regulate it. They need to get taxes from people hiding their wealth in crypto. The reason why bitcoin was created is to let go from a corrupt centralized system and yet, almost all of the exchanges are already regulated by the government and even crypto holders are being taxed.

When it comes to the government laundering money using crypto that would be a risk for them since blockchain technology is made public and everyone can view transactions being made.

Sometimes people can't accept changes in technology that can possibly ruin their ways of stealing money from the people.  ;D

Yes, you might control the Banks, but there are always some Whistle-blower that will come forward to expose the dark dealings or leak it out onto the internet. Why would you take that risk, if you can simply use a currency that guarantee your anonymity? How difficult will it be for some organization to create their own mixer service or even their own version of Dash with built-in anonymity to hide these corrupt practices?

We life in a terrible world, where money can buy you politicians and judges and police officials and even whole islands if you want to avoid paying taxes.  ::)  

A 100% anonymous global currency must be a answer to their prayers.   ::)

Through blockchain payment will no longer be under the table. Blockchain could be the tool for transparency for the government transactions and the best thing is that we could trace it publicly without the hassle on going back and forth of the official in the their office. We can question some of the doubtful transactions.

The government could create their own crypto and it could be isolate the use exclusive for that certain country only for there will be a conflict if it will be introduce to other nations like the US congress who disapprove the ETF for bitcoin for they know that some of the nations will by bypassed the purchasing power of dollars. This will let the US government to fall down if dollars will be handed to other country. 

You are getting closer to the truth. Capital control is one of the main reasons why they want to stop Crypto currencies. They want to transfer "money" anonymously, but they do not want other people to do it too.  ;)

I predict a future where GovCoins will emerge. These coins will replace "public" Blockchains like Bitcoin and it will be private. <invite only>

It will be fully controlled by these governments and they will be able to "manipulate" or hide some transactions from the public.  ::)

It is much easier to put pressure on a bank or other financial structure when it is necessary to hide the movement of illegal funds, and besides here corruption schemes have long been worked out and are more common for dishonest officials. Bitcoin is another matter, where, on the one hand, transactions can be tracked if desired, and on the other, there is actually no person or group of people on whom you can influence to hide transactions.

The government is still checking the use of bitcoin, it is difficult to track bitcoin users because it is anonymous.
So the government must have a special team for this case, but this is not easy.

the government should use bitcoin for the purpose of security, like avoiding money counterfeiting, and it is unhackable the best feature of it.

Here are some strong reasons why the government must be willing to accept digital currency:

To increase net worth. Our cash will now gradually decrease its selling value if we keep it too long. Unlike the case if we hedge on Cryptocurrency, at least we can get the opportunity to increase the value of the money we save.
Technology. The technology behind Cryptocurrency is Blockchain, where no institution or country can control transactions and the value of the digital currency. Blockchain has a transaction log ledger that can be accessed by everyone without any cheating, because basically the Blockchain Ledger is managed by all users around the world.
Good track record. Since Bitcoin and other crypto currencies are released, investors are greatly benefited by price spikes from time to time. Therefore, investing in Cryptocurrency gives us the opportunity to increase our assets over time.

because they can not hide their corrupt practices on the blockchain which is a distributed and open ledger for the whole world to see. at least not with bitcoin they can't and also it is the problem that they can not have any control over bitcoin whatsoever.
on top of it all there is the problem with volatility and volume. the corrupt government w ants to make huge transactions and have stability not small amounts while losing money because of price falls.

The point is, not everyone wants and accepts bitcoin, so they will have a hard time dealing with bitcoin and cryptocurrencies just to launder money, and to know that most governments are already watching the movements of such coins, it will even be harder to establish connections with cryptocurrencies rather than using the established networks of fiat and banks. Also, the trail can easily be extinguished in fiat rather than bitcoin and other crypto, so why make the rash decision of using a somewhat publicized transaction rather than something that's essentially hidden if you paid the right amount at the right people?

the emergence of bitcoin is an extraordinary thing, because bitcoin currently doesn't know who created it
with the age of bitcoin that has been 9 years bitcoin I think it will continue to grow with its blockchain technology

In fairness with the government it only wants the welfare of the people. It does not want us to lose and be a burden to the government. That is why they see to it that the bitcoin is beneficial to the people.

Because bitcoin price is unpredictable that the government is not confident in legalizing it. And also many people do not have knowledge about it, some people rejects it. The government should accept crypto for the security of transactions and other stuffs.

Because the right people can turn into the wrong people. You only need to piss off the wrong people, for them to turn on you and to leak the information to the authorities and also the media.

When there is no intermediaries, then corruption is much easier. Only two people are needed in a P2P Bitcoin transaction and nobody will ever know where that money has gone.

Bitcoin is much harder to trace than fiat transactions.  ::)

Governments are well aware that cryptocurrencies are future and that they have to keep the step with time. Still not without any condition and regulation is one of them. This is the process that has already started in many countries and I expect to be further developed more and more.
Cryptocurrencies can't be escaped any more and more and more people will use them so governments will have to find the way how to best implement them in economy.

Governments do not have to approve bitcoin or the blockchain technology in their states if they intend to use it for illegal activities.
They can easily run foreign accounts

The push back from majority of developing countries could be down to the leaders not being pro active. And refusing to change with the times.

The transactions of cryptocurrencies are way more transparent and every transaction is being recorded on the blockchain and it is open for everyone to see. So, transaction of fiat money thorugh the conventional way is far more safe to a corrupt government. Besides, the government does not want to accept cryptocurrency because of its decentralized system and unstability of price.

Well, nothing can be considered as fixed and not to be so pessimistic. Govt. can accept the crypto as a step of acquiring the global coin, not only to carry on their illegal activities. Also, it might affect the national market, but it will push the individuals to progress such will eventually be beneficial for the country.

Cryptocurrency is gaining recognition as a form of currency worldwide and if the government gets on board it will be beneficial to both the people and the country. But, as there are benefits to it there are a lot of things to consider so we can only tell what'll happen with time.

Governments have signaled their forthcoming plans and plan to legislate and regulate crypto money around the world, and it seems that the largest financial and banking institutions are waiting for the decisions. Clearer before they continue to plan to enter the market. Việc hợp pháp crypto, overcome the corruption that banks suffer, help invest users peace of mind with the money invested.

I think you look at it the other way round, they can't corrupt when blockchain is involve. The blockchain will record everything from where the money is and where it goes, that's when they can't corrupt. but that is not exactly why the government oppose cryptocurrencies. The government isn't run by the people but run by few individuals like the Rothschild who runs banking system and money system in the world. With blockchain, these guys can't control anything, they'd be less powerful.

cryptocurrencies is the great currency and i think if governement accept bitcoin and cryptocurrencies we can see there are many people that will use bitcoin and cryptocurrencies in the world, and bitcoin is the future of currency, so i think bitcoin should accept by goverenment as sosn as possible

I don't think that's the reason. First of all, not many governments explicitly oppose cryptocurrencies. The world is becoming more and more crypto friendly with time, as we hear about plans of states to create their own cryptos. Second of all, official opposition to cryptocurrencies can be used to lead people to believing that the govs want everything to be traceable and transparent, but nobody can forbid officials to use cryptos at the same time. Kind of like Kim Jong Un loving Disneyland as a kid, but yet forbidding everyone else to be there.

My thought of this is that maybe the government accept Crypto currency if the price is right. We all know some government are corrupt if they see they can make money out in crypto.

if it is indeed possible to cooperate it is for mutually beneficial cooperation if indeed the positive side of cryptocurrency can be used in the positive side of the financial system in the government and can cover the shortcomings of the economic system within the government

I believe that the government will not accept cryptocurrency for a long time. But if we consider the fact that a cryptocurrency can save us from the percentage deducted to third parties, then it is beneficial for all. Both for legal entities and individuals. But it is not beneficial to banks. Therefore, the question of benefits for the government.

If the government accepts cryptocurrencies, then people will no longer be held hostage. People will start to earn only themselves. I think the government will not do this. Then the state income from commercial enterprises will disappear. Or, if the government accepts cryptocurrencies, it will make the same systems as now (banks, interest, taxes, and so on).

Also, the government is dissatisfied with the fact that it does not receive taxes from transactions that are perfect with the help of cryptocurrencies. However, cryptocurrencies make it possible to keep information about their income, in secret from persons who do not have the right to receive this information.

I think that Bitcoin is currently a hindrance for the government. I see no reason why the government needs a cryptocurrency? It's transparent, all transactions are recorded and it can force out fiat money.

Governments are not easy to accept. However, it is not difficult to apply them to their own legal regulations. They can take advantage of the crypto world if they can adapt to their legal regulations.

because for me this is good for the government because this is a solution if virtual money is not available or crypto is gone this is the solution that I think so come on we as bitcoin users support this kind of hope hopefully it will be implemented in your country

Governments around the world are either actively working on some form of digital currency or exploring the topic.Governments have very different priorities, and decentralization a main feature of most cryptocurrenices including bitcoin doesn't tend to be one of them. In fact, government digital currencies could herald a new era of centralization, posing serious questions about privacy and the viability of true cryptocurrencies like bitcoin.

In my opinion, little is known about the government's ability to control it, so it's only a matter of knowing or analyzing it to warn its people. As for corruption, I think only a small amount of meaning, I agree with you that it is much safer than other things.

I don't know the exact reason why my government still not legalize cryptocurrency but indeed if they legalized it then they can have it even for money londering tool cryptocurrency can be good tools because not just like fiat then crypto can hide their funds corruptions but in my view most of them eventually will have cryptocurrency even someday crypto illegal or officially legal

Because they will avoid corruption since all transactions are traceable  ;D

Bitcoin and blockchain cannot be control and trace that is the reason why government don't like bitcoin. They are afraid that bitcoin will fail and vanish like a bubble that will lead to massive loss of money of the investors investing and believing in cryptos. Government doesn't want that to happen.

As for using bitcoin in doing transactions and hiding corruption of government officials will be an advantage and very useful tool to them as you have mentioned that it is recorded in blockchain and that no one can trace it (like what we believed in). But governments can do almost everything they want. They can hide their identities by cooperating and paying banks they use in doing transactions. Blockchain will ot be needed in order to do that. As long as they get what they wanted using the old system, they won't be needing bitcoin and blockchain.

I think government will need to accept bitcon because it can help our country in many terms and aspects especially in the number one problem in the world which is poverty. All we know that poverty is the biggest problem at any country but when government will ooen their mind and will be realistic in accepting and using bitcoin poverty will reduce because bitcoin can be source of income to provide their family needs. It can also make netizens more comfortable and make their business transaction easier.  And I think it will be posaible in a long time process because all we know that there are so many negative people about bitcoin even it already proved that it can help all of us.

They are going to accept it, but I guess they will have a huge regulation for that since they can't control crypto because it is decentralized.

Politicians are corrupt everywhere, the fact that everyone knows!!

Government authorities are more interested in fulfilling their personal interests over the welfare of their countrymen. And in order to give boost to their personal corrupt motives, they can go to any limits.

And how can then we expect them to shift entirely to a system that is decentralized, beyond their control and is transparent; which apparently are the characteristic traits of the crypto market. So this is obvious that the government officials will not promote the crypto market.

The question could be also why do governments want to ban and avoid crypto market development? Most of them do not accept the decentralized world

Frankly speaking, no government will implement a decentralized open system with regards to currency, but if this happens then the population of every country will be having less issues with ease of use, transparency, ownership and issues with inflation. Governments should consider using crypto.

They are afraid of the developments of the blockchain technology and what it might bring in the near future. Freedom of information and a smart city run fueled by crypto and blockchain, no more hiding the details. They are stopping the roots of crypto and it is BTC and they are making all they can to cut it in order to stop it further. Imagine elections with the use of blockchain where people have their pk's with them and a blockchain network that cannot be breach and manipulated by the governments, these are just some possibilities.

the government must accept the crypto currency because it is very profitable for a country, especially a country that is difficult to advance. with crypto received, what the government wants will be achieved. but this needs control and regulation if the crypto currency is safe.

There are many reasons for the government to accept Bitcoin and Cryptocurrency. In particular, countries with high inflation need to release or use Bitcoin as a common currency to reduce inflation. Bitcoin cannot add so it can not exploit and will be solved.

Because they are very much suitable for this and government can keep a track on every transaction.See Bitcoin is based in blockchain technology and if they can accept blockchain why can't they accept crypto.I agree it decentralized currency but still it can improve the financial system and can make it more transparent.Another main reason is if Bitcoin comes the popularity suddenly goes above dollars and that can bring equality in terms of currency in the market which dirty global politics.

A very good point.

I think they should also do it because people want them to. We have democracy, don't we? If enough people vote for Bitcoins to be accepted they will have no other choice than to do it. Ok there's another choice, turn into totalitarianism and fight those who want changes.

If we think paper money is unlimited, it's the right choice for bribery. Bitcoin has a limit and it is impossible to increase or decrease unlike paper money. Crypto can definitely take counter-fraud in the economy, so it is not accepted.

Goverment should accept bitcoin because of its usefulness and safest way in manipulating own money through sending money and different payments. It also give extra income to people who are willing to join different bounty program and investment.

Bitcoin can indeed avoid money counterfeiting, but remember that in addition to good features Bitcoin also has weaknesses that can harm the government, that is Bitcoin cannot be tracked so that crime, money laundering (corruption) and tax evasion can occur using Bitcoin, so before accepting Bitcoin the government must first think of ways so that this cannot happen if the government legalizes Bitcoin.

Cryptocurrencies are now becoming and will be the future of digital currencies and not they are being accepted for the payment of goods and services. People are getting to understand it and in no time it will overtake the fiat currency.   

Government legalised the cryptocurrency because the know how to help for their people
Regarding to the government corrupt officials use bitcoin to hide their wealth
Because banking system aren't safe for the wealth secrecy.

Cryptocurrencies offer a new mode of payment for the people. If you look at it objectively, it brings more pros than cons which is why the government should allow or support it since their aim is to make their citizen's life easier.

In my opinion, if the government would accept cryptocurrency it would be a big help for easier and faster transactions for the government records. But if they will not accept it for they know it would be a barrier for their hidden agenda.

In time ahead i know that someday somehow our governments will adopt and support crypto,.because crypto will do for us in so many helpful ways and aside from that by making our trasactions easily by paying and transacting money in and out to our fellow pilipinos working abroad.,and most is important in crypto that it helps us also by joining different campaigns we can earn by it.

Exactly. Everyone can benefit from the advantages of crypto, even people from the government. So in essence, they can't be against crypto. Perhaps they're just taking time to really study it? I'm sure the government and crypto can co-exist in the future.

Crimes can be paid in this way. Such crimes may be directed against governments. You see that now no one has any problems with the transfer of funds. This will not happen further. Governments cannot afford to transfer money to anyone for any services.

Governments should accept crypto because this will help their citizens and the country itself. Accepting crypto is like giving your people another way how to become successful in their life. It is an investment that everyone will benefit. But the government must have surveillance on what is happening.

To follow the progress of the times, the government must accept crypto as payment, this matter must be done and the community must be able to work together to be smooth. Transactions with Crypto are indeed easier and safer, but there is a need for a new system so that it can facilitate crypto ownership.

A corrupt government will not accept something that create evidence of its corrupt practises.

Right, governments are greedy and do not fulfill their responsibilities. But a country with such great corruption is good? never.
Although there are many components of corruption, they must be concealed. If you let Crypto join a government organization, the world will become very bad. Do not think about your own benefits, think about the consequences of this in the future!

actually the government wants to regulate crypto because they want to make money from all those who hold crypto especially if they want to save their money in the crypto world so that no one knows that they have money laundering so crypto is present as this new technology is made so In the future, the community has not been made difficult in conducting transactions.

They created Banks and they support them in their exploitive behaviour. <Giving them Bailouts when they fail>  ::) In any way, Bitcoin cannot be traced if you use it in the correct way, so why would they worry about "evidence" if Bitcoin hides their evidence?

The power of corruption is when you can do this without being caught and they are getting caught regularly with their hands in the money bags.  ::)

If they add their own mixer services for these transactions, then the tx's will never be traced.

There are a number of benefits for the government to accept cryptocurrencies as well as there are a lot of disadvantages for the government with the use of cryptos. Cryptocurrencies are a fluid source or mean of payment and can give various opportunities to earn a stable income which keeps them much profitable and if government drew some attwntion towards them, than they can help stabilize the financial situations of the respected country.

Whereas accepting cryptocurrencies may also lead for a number of disadvantages which may include anonymous transactions leading for major illegal uses. This is what is not expected by the government and hence i think that always hesitate in the use for cryptocurrencies.

Also cryptocurrencies are been considered as a decentralised mean of payment which does not allow their transactions to be tracked and also has a lot more features which makes them completely opposite to the cebtralised currencies. Governments from each country can never make cryptocurrencies overrule their centralised currencies.

every day that you go to work or school,... why don't you use a tank as your transfer vehicle? it is much safer and can protect you from accidents. you don't use it because there is an easier way. you fasten your seatbelt and go within speed limit and you will be safe enough.

in your scenario you are saying the corrupt  government is already hiding their tracks, they already have banks to bail them out, print money, have full control,... and dozens of other benefits. then you say they should give it all up for a traceable and decentralized currency that they have no control over!. no matter what you think bitcoin is not anonymous even with using a mixer. and they will be caught even more if they use something like bitcoin.
if you said Monero or any anon coin like that then you could have an argument although I'd still say that disadvantages are still more.

I am sure the government in each country will accept crypto, but of course with the strict regulations they make, because crypto is very difficult to control so they will make strict rules, to avoid crypto being misused by its users.

Most of the time we do point it out that crypo can be a good help in terms of payment transactions, if government will see that potential and create their own way to facilitate  much better,  it can lift the system and be very useful for its institutions, we know that in separate countries there's always different rules about implementations of laws, in good faith, government can create one for crypto as well.

Not really sure that if you said bitcoin was unhackable when you can see so many scam nowadays to cheating people, well I mean if the government will use the cryptocurrency system, they might be need a high security for it, and just hoping that it will reduce the corruption of each country.

Bitcoin is not completely traceable unless it has a history of only trading in bitcoin. For privacy it will be converted into something else like monero instead.

because the development of technology in the financial sector continues to grow and the economy in all countries has used digital technology to develop their economy and finances. so that each country must accept the development of financial technology so that it can compete and cooperate with other countries. so that each country can improve its economic level.

besides, because transaction level is getting higher, then a payment instrument that is safe and fast is needed. luckily bitcoin is present and provides optional payment tools for the future

in my opinion the government can accept payments and use of cryptocurrency in its country because in my opinion bitcoin technology is very useful for economies in developed countries and understands the technology created because world finance requires technology like bitcoin for security in transactions.

Because the technology that bitcoin brings to the society many gadgets that no other technology has brought. The quick and convenient transaction makes the user happy. Bitcoin technology will help the government reduce inflation. And now the nation is gradually in the process of legalizing bitcoin.

I think it will simplify and cheapen payments for all people. It will also be possible for anyone to otleit: how much $ where it came from and how much it went $

More than it bitcoin is deflation, so our values of money in bitcoin will be protected from inflation the other reason the technology behind of the blockchain it offer solutions for all of government around the world, so the government will addopt cryptocurrencies they should not ban bitcoin's usage. The government will open their mind to cryptocurrencies soon or later and it is just about the time until it happen.

I think they will only accept it when they will give tax to bitcoin on its every transaction. Or maybe when we can use it in our daily lives that it becomes one of the main currency in the world.

they must accept it because it helps the nation to be digital nation ,and even it is not a loss for the nation helps init increases the wealth of the country
a the fast transactions which make nation fast ....

Although cryptocurrencies are anonymous, politicians cannot simply do their dirty works publicly. Many believe that politicians hold a large amount of crypto but it is hidden from public. ;D ;D

The government want to control cryptocurrency just like the control the fiat currency. The government destroy whatever it could not control. This the major reason why the  government wants  bitcoin banned is decentralized nature of bitcoin which they have attacked on several occasion to in other the cow bitcoin to become centralized.

If the goverments i mean all the goverments accept the cryptocurrencies it would make our market fly. But i believe that the govermenst still searching for the taxing system and they still haven't found it. And also the most important is the biggest countries. For ex. the China. They have %35 usage of cryptocurrency and it is nearly illagal to use in China. Also they can't join ICO's too. Also the United States is still out. We need fast solution to have those player to add in our crypto market.

It would be very impossible for the government to accept crypto currencies if they think a lot of negative things about it. But if will become open and accept the good benefits it has and discover the catch of crypto currency for sure they would accept the system or adapt it. But not in accordance what they want it to be happen because it is decentralize while the government was centralize.

I really do not think that this is about that, this is about power and influence, governments of the world have a monopoly when it comes to currencies, in the past this was not the case, when gold was used as the main form of money around the world not only countries had the capability of creating their own coins, anyone that had gold could create their own coin and it could be accepted as long as it was made of gold and had a precise weight.

But governments outlawed that practice, then they created paper money which was backed by gold, and then when they got people to accept that form of money they stopped backing the currencies with gold and that is why we have fiat currencies, they love that system and they are not going to let it go unless they are forced to.

Cryptocurrency is the future of the world, we need blockchain technology to develop as humans, I believe the decentralized nature of blockchain technology can really help government to fight corruption.

If they want their citizen to have real freedom of using money then they should accept and legalize the crypto currencies in their country.

But most of the governments only wants revenue from the taxes not the welfare of the citizen but still we don't need their acceptance to use bitcoin.

I think its not legalized yet because once legalized it will be under lot of scrutiny maybe by special elected bodies. But now, its a perfect path for them to conduct illegal and dirty activities. So, it is more beneficial for them that bitcoin stays unofficial. Also, they might be thinking of possible market instability, however, once legalized I think there will be more stable market.

Blockchain really in the future can greatly help in the issue of corruption, because this system is completely open and hide the money will not work

Aside from what you have said is true that some government could hide their corrupted assets and liabilities by using Crypto currency but at the same time they could also help their people and their economy to become more progressive and strong too therefore
Its just like hitting two birds with one stone.

The point is, not everybody desires and accepts bitcoin, in order that they can have a tough time coping with bitcoin and cryptocurrencies simply to launder cash, and to grasp that the majority governments ar already look the movements of such coins, it'll even be more durable to determine connections with cryptocurrencies instead of exploitation the established networks of rescript and banks. Also, the path will simply be destroyed in rescript instead of bitcoin and different crypto, thus why create the rash call of employing a somewhat heralded group action instead of one thing that is basically hidden if you paid the proper quantity at the proper people?

Once the crypto market is regulated transactions will be transparent, safer and quicker. I am so happy to have AML BitCoin as this coin is the only compliant coin with AML and KYC.

Well in bitcoin they can see all the transaction every single detail of it so if the Government accept it how they can hide some of their wealth that they corrupt on the people by having a tax? So they doesn't want to accept the blockchain so that there is no corruption would happen oh let me rephrase it how they can be richer if there is no corruption.

bitcoin, cryptocurrency, and the blockchain is the future, especially in blockchain system, it is the future system, and if government accept bitcoin and blockchain as the legal currency there are many system in the world will change into blockchain that have more benefit than the traditional system

Once the crypto market is regulated transactions will be transparent, safer and quicker. I am so happy to have AML BitCoin as this coin is the only compliant coin with AML and KYC.

Cryptocurrency transaction is traceable, that is the reason why corrupt politicians are opposing cryptocurrency to be implemented in their country. No wonder why many illegal activities that used cryptocurrency  are apprehended in the US and other countries.

I would love it if the third world countries can imbibe the cryptocurrency and blockchain technology. Like the Central bank and the senate have set up committees to go into study of this so as to introduce its benefits into the government structure of the country. I believe some countries have had some good reports having used it in their governing system; so, nothing stopping us in the third world countries from following suite.

Blockchain functions in the future are indeed very useful. because blockchain is an application or technology that can change life in the future.

It will be difficult for the corrupt politicians to use bitcoin in their illegal activities because it can be traced easily by the investigating authorities. But I think there is one reason why some governments won't easily accept cryptocurrencies is because of the coin's lack of central authority. In other word, decentralization is the primary reason why Igovernments are afraid of the cryptocurrency. The government can't effectively regulates and enforce monetary laws on the cryptocurrency to protect its economy and people from possible effects of volatility and and illegal uses.

One reason is enough - it will be easier for people to live. Transparency and security of cryptocurrency is already enough to use it!

To be honest, there is no other option for the government that is beneficial to everyone. If the government is not recognising Bitcoin or any other cryptocurrency then the users might use it without the permission of the government and there is a threat of an increase in misuse of legal channels for an illegal purpose. On the other hand, the government can monitor the crypto funds flow by recognising it in the eyes of law and punish them who are using it for the unlawful purpose.

In your opinion one reason is enough, but in their opinions and with the government's studies a lot of reasons are valid one they are not accepting cryptos as a currency..

Yes, i believe that the goverments should accept bitcoin and cryptocurrency in my opinion too.. I think they are aware its advantage and working about the solutions. The blockchain and crypto systems would never harm anyone and they know that. I think the main problem the goverments are having is taxing. If they find how to tax the cryptocurrency everything will be shinny in every market.

The blockchain provides transparent and easy-to-track transaction records so that able to reduce the level of payment errors, money laundering and corruption. this is what the government must pay attention to why blockchain technology must be implemented immediately.

I think bitcoin transactions will be much easier to bring to the public eye. And that's why everyone is so afraid of him, he will make all financial transactions much more transparent. And that's just to simplify all financial transactions and reduce the amount of illegal payments.

Some people like to know that there are rules governing a crypto they are investing in. Those that are skeptical about cryptos due to the fact that your money can just disappear and nothing you can do about it, would be more comfortable with a centralized rule-based coin!

sooner or later, the introduction of blockchain technology will happen, so you do not need to worry about it)

Government should accept crypto currencies because it is trend. Many people already joining in crypto currencies because it can help them earn money and also it is very useful in terms of future happenings.

because the longer the world will always develop. so, in my opinion the world government must accept cryptocurrencies. because it will facilitate human transactions in any field for the future. if the world government rejects cryptocurrencies, then they want to be left behind and do not want to follow the development of the times that are now slowly beginning to advance.

Corrupt practices of the government can cause down grade of a country level and the country itself would not be able to compete for a rich country that corrupt government is prohibited. Then if corrupt government accept crypto currency and their corrupt money put into it maybe it will hide their identity using fake personal data.

Governments have now frowned to cryptocurrencies and I think it is a really bad idea. Now the blockchain technology have been integrated into so many industries and its working for them. I think its going to be the future of the world and therefore needs attention but not banning them.

Governments should accept cryptos for the simple fact that it would benefit themselves and the rest of society. They’re interested in crypto and blockchain too and they just want to ensure that they’re receiving tax dollars and that money isn’t going toward illicit use, am I right?

Because at present, the cryptocurrency co-expression is showing its worth in the market. They can change the economies of underdeveloped countries. Governments that provide Cryptocurrency and other service or business areas of the people may be able to help Cryptos develop so much.

Cryptocurrency will bring each people a proper and transparent transactions in the government nowadays, because every transactions made is registered in all peers throughout a system or a network, and also hackers cannot invade this kind of technology.

I think that is what they fear, or maybe because they do not know for sure whether the blockchain can actually be tracked or not, but from the start of some developed countries that accept BTC in their country, we can conclude that there are some countries that do not use btc is money laundering if they know that blockchain can be tracked, and there are also rumors saying that BTC is made by cia, but that is just a rumor that is uncertain.

Indeed, it must be able to accept crypto for the future, with current developments, many countries have been able to accept competition. I think the government is giving a good policy if this happens, freedom of argumentation can be realized and good for all development.

The government should accept the crypto currencies as it will prevent counterfeiting, better record-keeping and monitoring of transactions.

Acceptance of bitcoins brings many benefits to the government and users. Users will be assured of transparency in transactions and investments, the technology that bitcoin brings will help the government manage better in all areas.

Your words have a place to be.https://news.bitcoin.com/wp-content/uploads/2018/10/allcryptoassets.jpg.I propose to read a very good today's article which is just connected with the decentralization of cryptocurrencies.https://news.bitcoin.com/majority-of-crypto-assets-are-highly-centralized-research-finds/ (https://news.bitcoin.com/majority-of-crypto-assets-are-highly-centralized-research-finds/) I think after reading the results of this study, many people will have no thoughts about total decentralization.From my message, we can conclude that if most of the crypto-currencies are centralized, then we can assume that they are not anonymous.

Fear of losing control could be the main reason for the oppositions. Blockchain is too transparent. Unlimited money won't be printed anymore.


Facists fear what they can't control. Most of the politicians are actually fascists or puppets of fascists. A true leader who practices what he preach wouldn't undermine the growth of Cryptocurency. He instead would go into serious Blockchain research rather than kill it

Taxes are needed, but minimal. It is important - the first three years, for example, the ICO should be exempted from taxes. And then the country will receive: a) huge liquidity (one ICO - the budget of a region or even a few small ones); b) new funds on deposits; c) new business entities; d) a huge labor market; e) additional funds from related services (purchase of traffic, payment for the work of specialists).

First of all Bitcoin is not completely anonymous. It is pseudo anonymous which means it can be traced to you with the help of some sort of information. Secondly, the transactions are completely transparent. Thus we will know what happening with the funds they received. Any sort of unusual behavior in their wallets would raise questions.  They will no longer be able to steal peoples money. If they can't steal those money, what will they be hiding through these wallets? Corruption will actually drop down for which the Government is scared to accept bitcoin.

Why because if accepted, the whole world might and will go digital through the work of cryptocurrency. It's what can unit everyone of us all together through digital currency.

Because  people in one government should have a better and brighter future,and i believe that cryptocurrencies could help those poor people to have a source of income through by joining any crypto activities. If time comes that cryptocurrencies will be legalized,it can help to less the poverty in one country.

    Government should accept Cryptocurrency for the sake of mass people who believe in crypto and also to help economic problem. But the only problem if the people in the government will abuse cryptocurrency and use it for their own sake and become greedy or if they can use it on their own illegal purposes.

Transactions can be traced if you know who are the owners of those specific addresses that you are tracking.

On their part, cash is more anonymous, no trace left if they are into corruption. Unlike bitcoin, if they do something with their balances, traces are left and its recorded on the network so that can be an issue for them. But I like to see it being adopted because they believe on it and understands it perfectly, not because they have hidden agenda.

No they don't support it for some reason like that. Bitcoin can make the Country Bank bankrupt if all citizens use Bitcoin and exchange to local currency. Considering how Bitcoin progressing it can totally make a huge impact to a country money flow if they fully allowed it.

Bitcoin is a modern technology in the payment. With Bitcoin all it becomes easy, Bitcoin has many advantages of the ordinary Fiat money and the government must indeed receive Bitcoin because it has been a demands. Old or fast Bitcoin will be received by the whole country in the world, and the government must also introduce this bitcoin to the community, so they are not outdated and modern growth of technology as it is today.

in my opinion it is not necessary or not obligatory to accept and even approve bitcoin. Because each country has different regulations in it, maybe those who agree are modern countries with a majority of people who are connoisseurs of digital currencies, while in other countries there may be many people who do not know that, some even don't know the internet ...

It's pretty obvious that if you are a corrupt government is easy to hide your not so good activities, unless some government is incompetent of course or don't want to do it.

However, not necessarily corrupt governments don't like crypto. We tend to see a pattern of "authoritarian" regimes who likes to do those kind of things mostly. The rest is just people who don't understand the possibilities of Bitcoin/Blockchain or don't care at all about it.

In fact, even the dictators of Venezuela were advised to develop using Blockchain and create something that can deceive some as cryptocurrency when it isn't. Especially taking into consideration that they will run away with that money if they have the chance, mark my words.

The short answer is, Bitcoin is the future.

I think indeed all governments in the world must accept the digital currency, because digital currencies like Crypto are innovations in the present century. Humans on this earth are already very modern in everything using digital when they travel wherever they are not free from gadgets. So a government that has not received Bitcoin like in my country, please accept bitcoin as a legal medium of exchange. Because this is the future.

Yes, it is true that crypto is an innovation and has so many advantages that it is suitable for use by many people in the world. We must immediately abandon traditional transactions because in order to face this more sophisticated era, we must be able to maximize the existing system.

Anonymous, decentralized, and centralized what so ever, it terms of money evil will take  it chances to take advantage  the only thing that we learn out of these are the development of security system to suppressed these evil deed and greed individuals the big question is the system capable of further development.

Some positive and negative reasons for crypto acceptance by a country or government certainly occur, I see from the positive side that the government wants crypto to be better and can get legal protection, so that crypto owners will feel safe and protected in using crypto. besides, I see that crypto has great power to help economic development and the welfare of the people of every country, so the government should be able to accept crypto and legalize crypto use in every country in the world.

Precisely. Those who don’t embrace technology will obviously get left behind and will deprive themselves of its many benefits and advantages. Out with the old, in with the new, as they'd say. And besides, even the government can benefit greatly form blockchain and cryptos, that’s why they should accept it.

Yeah it will be a mutual benefit, the government will benefit from taxes and the public can benefit from cryptocurrency, of course at least that will improve the economy in that country, so I think it's very important that the government legalize crypto, why haven't they done that?

Crypto brings us many benefits . they give customer and supply  a simple and cheap method of  payment , they give investor profit , they give consumer convenient  way to store value and pay . For those reason Why government don't accept crypto currency?

Governments if not but if they allow that people of the country can use it openly then it's means that governments is accepting bitcoin and with this many charges for transactions through banks can be minimized the cost and if instead of governments if big businesses allow bitcoin for transactions then bitcoin will flow for better economies.

well, so much consideration for the current government. however, I think the government's support at this time is only issuing regulations regarding the development of that usage limit. well, the current development is quite good, but there are some countries that ban bitcoin. development is certainly for economic development.

I guess its better to ask opposite thing

“Why should Governments will not accept bitcoin?”

We have proven all the things that they may consider to finally accept bitcoin,but why they are resisting?this is the question must be answered because benefits and advantages is on their part if only acceptance is rewarded to our cryptocurrencies

actually it's good if the government starts accepting cryptocurrency because it will make the country become more developed and more advanced, imagine if trading in its country can receive payments using cryptocurrency it will make its country more famous and certainly the economic conditions in its country will be better because there will be lots of transactions in and out of the country.

no system can get rid of bad market participants. it will always be, just where it will help to ease the way to detect such participants

bitcoin is future, system that can repair previous system in any field. you can do and develop in any platform, its like match in every place.
people must know about bitcoin, like transfer. so country can implement crypto in every person, young and old they can use and ready to move to future

Some governments who are those countries with lots of corruption don't accept bitcoin because they can not profit from it because bitcoin's private and anonymous. But sometimes governments use bitcoin to buy weapons like guns, firearms for military platforms like North Korea.

It does not seem that politicians are not accepting bitcoin because of the crimes they think they can commit with it, they already have the banking system and their connections to do that, after all how do you think that people are able to launder billions of dollars every year? They are doing this with the help of the banks, so bitcoin is not going to help them that much especially when the market is so small compared to fiat.

They are not accepting cryptocurrencies because they understand that they will lose control over the population if they do that and governments do not really care about the well being of their citizens, they only care about the control they have over them, so they prefer a poor and ignorant population that is easy to control than an educated and prosperous population.

Mind-blowing thinking, I never thought in this way. Governments should accept cryptocurrencies, but they will not accept it in the major sector. Because Governments and corruptions are like twin brother! I am not sure, If the opposite party knows well about how cryptocurrency works, then they will commit procession to accept cryptocurrencies in the major money transferring sectors  ;D

waves of investors continue to grow with or without their support, one day this volume will also have an impact on fiat with a negative connotation, at least the government must continue to do research and try to apply it to the public sphere. Nobody really can be prevented from using the internet. The government must keep making it in accordance with their economic corridors.

true, there are still many countries that forbid bitcoin if this is thought correctly, the government will benefit from economic development. I think this will have a positive impact.

Indeed, the emergence of Bitcoin can be used for illegal purposes. But if the government starts working with Bitcoin, they can control everything. The only negative is the lack of central authority and control, as it is decentralized.

I think what you say is true because some of these countries have committed a lot of corruption, so that it will damage the country, but when cryptocurrency is used in the government it will make the government and financial conditions in the country be slightly disrupted because they cannot do money laundering again.

Cryptocurrency is growing and is known as the new economic sector. You can see that if the government accepts Crypto and applies the tax to it, they can make a considerable profit. This will give the government the benefit it deserves.

It's political, because the majority of these corrupt politicians are using cryptocurrencies in one way or the other. As I'm telling you now there was a time not long ago, 6-7 months ago, a senator in my country claims about owning some decent about of bitcoins on his social media account. They all use it, but they don't want people to know about it. They'll never to legalize cryptocurrencies because they don't want people to understand its truth power and values.

Not all government are against cryptocurrency. At least in the west countries in Europe are developed countries that have allowed bitcoin to be used by vendors and merchants. Though most government are corrupt but it don't take all of them to use bitcoins to aid them in their corrupt dealings. 

I think that politicians do not care whether to accept or not to accept cryptocurrency. The point is in the value and benefit. If politicians adapt to the cryptocurrency market and begin to understand cryptocurrency, then I am sure that they will not mind. Especially if they see their own benefit in this.

Governments should accept bitcoin because it has the potential to give opportunities especially to those unemployed people. It can also give a lot of benefits. In fact it can also make their economy to rise. But of course we cant demand the government to accept bitcoin.

Government knows that cryptocurrency may disrupt the corruption through out the world. In fact, they don't want it to change the currency because they want to hide their shady things to the citizen, they just make excuses the scam that may harm the people. Well, if they want to have decentralized society, they must see cryptocurrency as positive way.

One of the major reason that developing countries does not accept bitcoin or crypto today because still they don't have proper understanding regarding the concept and how crypto works and they are just following the same foot step what america and other majority of major countries does regarding cryptocurrencies which are restrict or ban but some are like Switzerland keep an open mind policy towards bitcoin and crypto because they have understood the potential of them and definitely in the future many will follow that path

If the government wants to take any other changes are given a chance to develop their economy then they definitely accept cryptocurrency but it may take some time because the economical situation of the government will be very difficult to understand and accept cryptocurrency that's why they killing them otherwise cryptocurrencies will not give any other problem by the economic changes for any other government.

if the government wants to accept bitcoin it might help the holders, because we really need parties who are able to regulate the security of bitcoin

true. And in my opinion that's the main reason why some of the government nowadays are interested and gradually accepting bitcoin as a payment method .because of being so useful . And probably soon in the future it can be use in everything especially in our daily basis, unless if all government approve it as well and stop banning crypto currency .
 

I know that corruption is being worked on in our markets but we can not meet the needs of the government. Just like the talks kept the Crypto field leaders with the SEC, they were not able to change at the SEC's request and everything was shattered. You should know that this is a great technology but also has many shortcomings. We can not ask too much.

Soon, when all government can see the benefits of cryptocurrency, they will approve crypto and start to use like what we did. Yes, this cannot happen in instantly, and we need to wait until the time comes. The blockchain technology is a new thing that will influence the economy financial in every country.

the crypto currency is a technological breakthrough that is quite good, and many people now want to have crypto currency, and have been used as a long-term investment that is considered to be beneficial for everyone. There is nothing wrong with the crypto currency, but indeed some people make the crypto currency a negative activity that we can say against the law, such as money laundering and so on. The crypto currency is here to help the government reduce unemployment or create jobs and help the government economy and provide welfare to everyone, for that the government should support the existence of crypto currency so that it can develop better and benefit all people.

Of course if governments accept crypto it confirms the security of holders posses currencies without a doubt because at the moment there are so many investors who have invested in crypto even with this uncertain market situation and that has led to drop price in many currencies because some people abandon the market but if governments accept the price and the stability of crypto will be much higher 

The government is always looking for the best solution for its citizens, especially regarding the economy. One of the future solutions in trade between countries is the use of bitcoin. So the government must accept bitcoin because bitcoin has been accepted in many countries. One of the advantages of using bitcoin is to eliminate corruption, because the platform is decentralized and open so that it controls each other.

This is something I disagree with, governments should do that and that should be their goal, but as soon as a politician is elected he only cares about trying to benefit himself out of his position of power, to try to become more powerful, to avoid being caught when he commits criminal acts and to try to make his political party even more powerful, maybe you noticed that citizens are not mentioned even once and that is because they only care about them when they need their vote, the rest of the time it is as if they do not exist.

If they cared about their citizens they should be looking for a way to integrate bitcoin to the economy but instead they are only trying to create obstacles and laws against it.

Government nust accept cryptos and think that they are not that threat thing to their eaenings. Although crypto is decentralized means no one is holding it or controlling it, they must believe that it is a good thing to their people. They must not consider it as a thing that will break or disturb their profits. Cryptos are useful today in many ways. And many people are into it because it is has positively impact to us.

Governments have begun to make each and everything digital for easy accessibility as well to increase the efficiency. The same is necessary for the financial system which can be fulfilled with the cryptocurrencies. Here governments fear of the volatility as well as the decentralized functioning. Hope the change happens when the countries adopting bitcoin grow massive in all form.

but governments don't want to lose control over the financial market and monetary policy and cryptocurrency can break their power.

I think that it will not be a quick adoption of the Cryptocurrencies by governments because they are designed under decentralized control. What will happen to the Banks that are created under centralized control? There will be many answers in Pro as against.
For example, a country model with a lack of liquidity and its consequences, poor citizens, institutions, and companies with problems to maintain their pillars.

The government adopts Bitcoin to receive capital and invest in the country with the pretense of improving its economy that would be a good way.
Corruption would disappear because crypto is transparent.
For this to happen, it takes time and it would mean a big step.

This will help the government to eliminate slow transactions and delays with the current system. The improvements will have a great bodies to handle more developments in terms of spending and the freedom of financial system will become more advantage to a certain residents of a country.

Crypto is for the people and that is what the people want once they become familiar with the concept and benefits of cryptocurrencies. Also, cryptocurrencies generate more job opportunities within a country which eventually boost the economy of that country.

If governments worked only for the good of the country and society, it would be almost utopia. Alas, in the modern world, people tend to work in the government only to improve their own financial condition and, occasionally, to meet their ambitions.

It is very naive to think corruption is going to disappear just because bitcoin is transparent, what it is going to stop the politicians to just use Monero as a way to hide their activities the same way many people are doing now? Corruption is always going to exist since humans are not morally or ethically perfect so there is always going to be people trying to find a way to benefit themselves by violating the rules or breaking the law, that is just human nature.

In fact it is likely that this will increase corruption because even if the politicians that are discovered engaging in acts of corruption will keep the money they stole since it is going to be very difficult to recover the coins they are storing in their wallets.

yes bitcoin transactions are traceable as we all know, it is a decentralized system of transactions where a third party can know what was transacted at any given point in time, this is why the government will not want to embrace this currency in order to ease their corrupt practices.

Now many industries such as the business sectors and health are all integrated with the blockchain technology and it is working good for them. In no time they will all come into one accord and use only the blockchain. The governments should know that they have seen the feature that the blockchian can provide and they have bought into that idea it is going to take them far.

There are many loopholes for money laundering, sending wallet hardware that contains the easiest digital assets to do and that is not through recording transactions. Whatever it depends on each individual, even fiat is most widely used for illegal transactions even though bitcoin also has the same opportunities. I think this is not a problem that must be debated, the state must immediately make regulations to reduce money laundering and regulate exchanges so as not to misuse criminals.

the presence of Bitcoin for now has succeeded in making bitcoin users get huge benefits because very high price increases make bitcoin increasingly popular in this world, so for a government that prohibits the use of bitcoin currencies in its country I think someday it will receive bitcoin, Because bitcoin is a good innovation for this century so that all countries must be ready to accept this reality.

Government should accept crypto currency for fater and safest transaction o money from services and payments for the development of the country, they must have the consideration for this matter because it can help the economical growth of every country.

Do you have any idea at what level of law elections are held? What people are involved there and how difficult it is to get involved in a multi-step process, even with a certain amount of money? Obviously, this information is as fake as the fake information that governments still do not use cryptocurrencies. You're too naive, in my opinion)

This actually was already answer by your self why government should accept Crypto currency and why government is trying to oppose it. What you mentioned is one of many reasons government oppose Crypto. There are many reason of opposing and accepting Crypto currency. If you see that it is because government want to hide the corrupt, it means you underestimate to government.
I believe that there are strong reason that probably not publish on press.

Corruption can cover anykind of system, even blockchain, bitcoin or any form of cryptocurrency. The thing that I can see in bitcoin or blockchain is that all transactions are traceable regardless it is anonymous in the first level of security. If transactions are traceable, the only thing to solve is who ows that transaction which can be in my opinion with a deeper skills in security and other option can be manage to track down. That is why corrupt government official don't want this.

The reasons why still government not allow or accept cryptocurrencies is they can't control or regulate because of its being decentralized. If the government wil allow cryptocurrencies many people will use it and the government will be have low funds because it is tax free.

Right mate, being decentralized its hard for them to control or even collect income tax for every individual gaining income from bitcoin. One thing I see why they are hesitant on bitcoin is because it makes people rich and can possibly affect the countries economic performance since it is usual that a rich people can buy many things and thus changing market supply and in effect the price of commodities will go higher and can make inflation go higher.

The current condition of economy system are good for those who have power(money). I don't think that all governments are bad people, I pretend that some of governments member are good people who trying to protect their citizens from those "big hands". World is played now, I realize it. There is some chance that government will accept bitcoin as those good people in government will still try to fight, it's not only for the case of bitcoin acceptance. Actually bitcoin can give tax income for countries which regulate it, in this case it is possible. This is the war of good and bad people in this world.

I think the main reason why government is against crypto is because of it anonymity. Although to me crypto is not totally anonymous but it can be difficult and expensive to trace. In some countries such as England where the major source through which government generate revenue is through paying of tax. such country will never want to adopt crypto because it will be difficult to manage the tax system even though i still believe there are government inside a government that use crypto to steal money from the government ;D

I think governments dread crypto currency because it curbs their power. And being able to control money is a huge power. If the government doesn't control money and business, what is left of it? Banks give governments power. Cryptocurrency takes it away.

First of all I don't agree that there is a push back of crypto. Some governments accept its existence and make nice profit from this (from taxes or from confiscations, vide US or Bulgaria)

Then, I don't agree that bitcoin (pseudonymous not anonymous in its deepest nature) would allow to hide anything from public. Actually, it makes every financial operation transparent.

Lastly, the pseudonymous nature of bitcoin and inability of citizens to hide their transactions from government makes it ideal for governments. So again, we are back at sqare one - governments accept its existence, don't push it back.

Summing up, I don't agree with the OP on many levels

You see, this can be a reason for governments to accept Btc but I do not think any government would want to accept Btc just on the grounds of this. After all, we are all aware the nature of transparency Btc presents too.

I think bitcoin has huge potential, but the government may be afraid to give it power because it sees it as a global threat. But I think it's inevitable ! There must be democracy in the world, and the man himself must make a decision ! I think that eventually the government decides to legalize it all over the world as something that can't be controlled, should be kept close, that was minimal to control it !

Government  need to accept cryptocurrency in other to take advantage of tax deduction from the space and also to build trust in the space for investors, Government are against  cryptocurrency as they are not in charge of the happening  in the space, government will get involve when they can control and regulate the market trend and what goes on in the space.

Government should accept cryptocurrency.because it's has lots of advantages.Bitcoin is the best demanding cryptocurrency.Bitcoin can change our world economy only few seconds.it's has capability change our country Economy and  it can get rid of unemployment problem. so every country should accept crypto currency and using its opportunities. I believe, in future Crypto currency will more useful and more popular

If the government accepts Bitcoin. So this will benefit both the government and the people. Because any country has accepted Bitcoin. The economies of those countries have grown stronger.

Governments are not interested in the progress of humanity they only care about keeping their power and nothing more, it is obvious that something like cryptocurrencies are going to improve the life of people by giving them a better form of money that cannot be falsified and that cannot be taken away in any way or form, but that will also mean that the enormous control they have over the population will weaken and that is something they hate so they will oppose cryptocurrencies.

This creates a dilemma among people especially those that are very patriotic, do they support what it is best for the people in general or do they support their government? And many people will choose to support the people and not their governments.

the government should think about the benefits of cryptocurrency not only the impact it causes, because I believe if the cryptocurrency still has significant benefits. that is the government's work to find benefits that cryptocurrency has so that the government can accept cryptocurrency.

If the government accepts Crypto it will get a lot of benefits from this. You can see that crypto taxation through exchanges could help the government collect a tremendous amount of tax money, which could open up opportunities for a new economic sector.

just cryptocurrency and ICO do not have much changes, but new technologies improve business processes and if they are accepted by the population, the movement and implementation is fast.

Because Bitcoin is proven helping the economy of every nation like it helps to reduce the unemployment issues which is the most common problem of the whole world that if the unemployment will reduce then the people purchasing power will be strong making them to help the economy to become strong and stable too. There are lot of other reasons that every government should support Bitcoin and there is no government claim that after they legalized Bitcoin their economy suffer.

its a fast and speedy means of carrying out transaction in no time coupled with cashless policy. keeping individuals safe and easy access to volatile funds that can be used all over the world

Cryptocurrency and the Blockhain technology offers incredible benefits to both the people and the country as a whole - it has got the tendency of boosting the economy of the country. Cryptocurrency as a form of payment eliminate corruption and breed trust due to the transparency in the storage of all transactions of the Blockchain. Cryptocurrency and Blockchain offers job opportunities to the people (mining, bounty hunting, trading, developers, bounty managing etc). This will enhance the economy of the country.

This is similar to the question: why should businesses accept bitcoin payments?
Bottom line is, any institution will benefit from crypto, and that includes the government.
I agree that embracing crypto/blockchain will help keep any organization ahead of the game. I think it’s similar to how social media has been embraced as a powerful platform of advertising and marketing. I mean, brands who don’t have social media presence are like non-existent to consumers,right? The same applies for crypto. Not adopting it is like a means to refuse progress.

They can use hidden payments now. Why should they give such an opportunity to other people and let them out of control?

well i really dont understand why government continues to go against bitcoin despite knowing its potentials and uses. Lets continue to see and watch what unfolds in the nearest future if government will fully accept and adopt its use or not.

It is their right to accept or refuse bitcoin and we cannot force them do it, this is similar to what happens in the personal level when it comes to adoption, I am sure that in the future people are going to see us and are going to claim that our earnings in bitcoin and in fiat were unfair and that we should give them back, but the truth is that anyone is free to join or not the community and like in any other business those that join the earliest are the ones that makes the most profits.

Governments are also facing a similar problem, if they join now they could obtain great profits in the future but they may be giving up some control of the economy but those that join at the end are not going to get as many benefits as those that do it earlier and that is why they do not know what to do.

Governments can make also extra money if they accept crypto coins, but we are far away from day that all governments accept crypto

For me , there are a lot of reason why government should accept bitcoin. Bitcoin can give a lot of benefits to its investors. Some government thinks that cryptocurrencies can be a threat on some banks that they are controlling to. But they dont even think that once they accept bitcoin it will help their economy to rise. No matter what we do , if they dont want to accept bitcoin thats fine bitcoin can find a way to make people accept and adopt it. We cant force them to accept bitcoin but we need to find a way even if its impossible.

Government just have to accept Cryptocurreny because its the only digital currency that will revolutionize the industry it's safer and faster to use. Crypto is here to stay.

Yes, there are lot of reason that government should adapt and accept crypto currency and the most reason I see is that it truely helps every country's citizen to gain financial development that at the end it also benefits for the country's economics and at the same time it gives an at ease transaction becuase its already an electronics transaction, every government has a main rule to make crypto currency safe from scammers and hackers.

it is likely that these transactions can be traced. I hope that this is not so, but something tells me that the government will not just disregard the anonymity of the crypto currency

It is obvious that cryptocurrency have so many benefits to users over the banks and the government should accept it, but   the true is that, cryptocurrency don't benefit the government like banks. That is the reason why I think the government will never accept cryptocurrency.

Government have accept bitcoin as payment transaction and make bitcoin is legal for using not only for investment but altcoin could use for as transaction because bitcoin and crypto currency could increase value every time,

One of the main reasons why the governments must accept cryptocurrency is that it has the capabilities of raising the status of the economy of a country through the creation of job opportunities and offering financial freedom to the people. With the immutable digital ledger feature of the Blockchain technology, corruption can be curbed because all transactions are recorded and cannot be altered.

You are very right that the government must be able to implement blockchain technology and start using cryptocurrency because with the cryptocurrency the country is safe and their economic conditions will be very easy to monitor and reduce financial crime such as corruption and money laundering.

because in my opinion the government must approve the existence of the cryoto market, the purpose is to be able to improve the financial cycle in the country even though using and using virtual bitcoin money can be made a reserve money

if govt accept cryptocurrencies then it supports more transparency and work safer for citizens in safety

In fact, there was information that the money received from the Russian authorities to intervene in the elections, which were held in the United States, was in Bitcoin. So any money is used for corruption, including cryptocurrency.
In general, a corrupt government can use money in any form, including cryptocurrency, for its dirty purposes and it is not necessary for them to allow circulation of cryptocurrency in their country to do so.

the government must trust and use the crypto market because here a reserve currency is needed not only for real work and the salary is very low for those who need my money if the government doesn't cooperate with the crypto market

It is not the government who opposes bitcoin that they just want to control it to avoid the bad effects on the economy. Maybe they also see the nice benefits that crypto brings, they may not limit them but with the adjustments that need to be made.

In my opinion, The Government should accept crypto currency to eliminate a jobless person, to help the economy,  for the innovation of technology in their areas. Even though Bitcoin is decentralized and that is one of the reasob why Government did want Bitcoin because they can not control it. They do not have a enough an accurate research about bitcoin, The Government have many If's to be answered. But it wi come the time that Bitcoin wi be fully accepted in lots of country.

I think the reason governments are opposing crypto is a combination of the misinformation, the unknown and the challenges they will be faced with for putting in place regulatory rules. There are many interplays at hand, perhaps being manipulative in these ways for personal gains but does it not all seem inevitable?

The government is not economically profitable independent free currency that can not be controlled. But as for crypto currency, sooner or later it will appear in every state as part of the national currency.

but, its not obligation. government can reject bitcoin if what they thing it is dangerous for them. so they can find the other way except crypto. but, there many advantages of some government accept crypto, they can use it for transfer between countries, fast and low cost, profitable, and many thing

I agree that if you say most of the state officials are corruptors because with the electoral system they need huge costs for the campaign, those who are not enough capital will ask for support here and there, money laundering occurs, and after doing things the first thing they think about is how they returned campaign capital that led to corruption, many people think with bitcoin because it is anonymous which has the potential for money laundering but I think you are right that bitcoin can still be traced, that's why corrupt governments still don't want to accept bitcoin because they think it will be which is in vain, maybe they will even have more rivals in carrying out their corrupt actions

Yes, corruptors must be destroyed with crypto currency, each transaction will be more transparent and of course they will have difficulty with expenses that can be seen by the people

Well" not all as you said in your thoughts some government accept cryptocurrency because they know what is the importance of this new form of digital money how can help to the country economy and their people's.

Some government aren scared to acceptbitcoin as legal currency in their country because they worried about the threat of banking system bitcoin destroy it but it is not, bitcoin created by the founder to help worldwide to grow the economic stability.

The benefits that bitcoin brings to a country are much greater than the damage it pours to government so the government should accept it.

Actually the government of a country must accept everything that is present, such as Cryptocurrency which comes with a shock to the world at a very expensive price, of course if the government opens the door for the emergence of new innovations in finance it will be positive for the government. At a minimum the government legalizes this digital currency in a country that rejects Bitcoin.

It will be very good and productive to introduce blockchain technology into the work of the state apparatus. However, not all officials will approve of this idea. Because in that case they won't be able to be engaged in corruption. Unfortunately, not all officials are decent and perform their work in accordance with legislative norms

I guess the government should start accepting cryptocurrency especially bitcoin since it is standing 9 years in the internet and reliable means of payment. What stopping the government to accept cryptocurrency is the currency financing system we had that they built over years and fiat currency can't be just disappear in a click. It is not because of corruption, it is because we can't withstand our life without fiat.

maybe the government only focuses on paper money. and also many hoaxes that misinterpret bitcoin. so the government opposed crypto and bitcoin because of the hoax hoax. and also maybe the government doesn't want to bother managing two currencies. but it could also one day crypto money be or enter into one country.

Many people believe that after checking the use of bitcoin it will instantly legalized but I think there are many processes will do. It is a good to the government to have special team to this kind of field so that easily finish the checking. Do you think after the checking of its use the government will allow the people to use it as currency?

Because the nature of bitcoin is anonymously, the government can not control it, so the government should accept that, because there is no solution to this problem.

I believe it was anonymous maybe they are just concerned about its negative effects to people. Like what you said not all politicians are corrupt there are stil ones who can stand their dignity without fear. Also, these crypto currencies are quite hard to manage compared to paper money since it was volatile. Maybe they are still on the process of studying these new trend.

Same question about Why governments banned bitcoin,isn’t it the right one for the bitcoiners to learn or the cryptonians?
Because that question is answerable in many sides and the important one is that the benefits this can give to every governments and the whole country in terms of profiteering and in payments .these are the importance of cryptocurrency

the government cares about its own benefit of maintaining power. as soon as he finds a way to preserve the power and bitcoin to implement it immediately and apply it in all spheres of life of the people.

Yes, i am totally agree with you in this matter. The goverments want to use the bitcoin and the cryptocurreny because they know that they will be good and profitable for them. But there are some little nuances between market and goverments. If something is anonymous the goverments can't like that, they always want to track everything. So thats why they afraid. But they can't hold on like this, they will accept it soon or later.

Governments are having a hard time accepting crypto currencies because of the fiat currency that are commonly used by citizens and it takes a great effort for such government to great adapt crypto as part of their economy. Though there are governments already accepted it and it has created great wave effects to other governments to widely accept it as well.

may not have to accept the most important legality of the country's economic system and crypto currencies should work together to get the best results going forward

When transactions are made in Crypto, the likelihood of corruption will be very low because transactions will be made quickly and without intermediaries. The nature of corruption is the stealing of money through intermediaries, which in turn causes the receipt of money to be leached much more than the amount of money sent.

as soon as the first governments collecting taxes in bitcoin appear, everything will move very sharply and quickly.

perhaps they will accept, but only if it is their cryptocurrency, because otherwise it will affect inflation

there are several reasons why the government must accept crypto currencies, one of which is crypto has benefits such as being able to pay and for investment, many people have benefited from crypto, by way of trading, for example. can also be used for online payments, because it is transparent.
I think, thats why the government must accept crypto.

In the start government  didn't  agree and didn't  like bitcoin or any cryptocurrency  as you said government  was corrupt so that they don't  like it because  they don't have any control or they can't manipulate the value or any transaction so that is why it's hard to them to regulate or to accept bitcoin. But now here in my country bitcoin is now legal and we are free to use bitcoin or any cryptocurrency.

Bitcoin's idea is mainly about decentralization, financial freedom, and the third party cancellation
This is contrary to the centralization of governments and the control of the local currency even indirectly through central banks
And do not forget the economy of banks on which the traditional economy is based will be threatened
It requires maturity and new formulations of ideas, dialogues and perhaps some concessions on both sides.

What I believe why government is pushing back cryptocurreny or the blockchain technology itself is because being afraid about change and getting into the unknown.  To those who known exactly what the technology could do and they are pushing back, then must be probably that their corrupt activities will be vesible to the public.

I think, Government should regulate bitcoin because it will increasing tourism industry. If merchant accepting bitcoin, more tourism from around the world will come and spending their bitcoin. It will increasing government income from taxes

What rights does the cryptocurrency give to the user and how does the state protect users from fraudsters? Or does the state take only taxes, and the protection of users is their own business?

If government will accept and regulate bitcoin it will be sounds good, but  as of now I am not sure if this is pobre because as we all know not all the country are open or accept bitcoin the worst is they banned bitcoin from there countries so if this will happened about bitcoin regulations this will be good idea but the implementation is quite a tough one.

I don't think the governments will accept the cryptos until they have no other choices left so it is not going to be easy that governments  in the world will make the crypto legal all around.But they need to accept if they want to provide better safety for money of their citizen and save from inflation.

if in my opinion the government wants to accept crypto it would be great for crypto to grow everywhere and it could be that crypto was controlled by the government, so the security of crypto would also be guaranteed...

I think it would make sense for governments to accept cryptocurrency specifically bitcoins to develop the technological advancement of the country. But if they cannot handle the overall economic factor cryptocurrency has, then their economy might be disrupted or worse, collapse.

The mandate of most governments are to protect their people, but they are doing more harm than good these days. The politicians that are not corrupt are in the minority and most of them are from the opposition parties. I agree with you that most politicians are still clueless about this technology, but they have skilled advisors that are knowledgeable to advise them. <These people are usually targeted by bribes, because they have influence over these politicians>  >:(

Bitcoin might solve these problems, if the bribes could be traced back to the people who are giving them.  ::)

That centralization could provide governments with some world-changing capabilities — some good, some rather scary. There's the upside of giving people a secure and cheap way to buy things. There's also serious privacy concerns, especially when talking about authoritarian countries.

In my view, it's true that corruptors want to wash their money with bitcoin. Where the intensity of anonymity and bitcoin is highly recognized, quality and very difficult to trace. So it makes it difficult for the government to legalize or not, because the bad effects that will be caused are terrible.

maybe for now it doesn't have to accept because many countries that prohibit crypto currency to be accessed in that country may someday indeed be acceptable to the government currency

A few reasons why governments may be interested in accepting crypto:

1. Control people.
2. Make money.
3. Get people's dark money by deanonymization.
4. Taxation.

I think never. If the government accepts bitcoin, they will want full control and they will remove the bitcoin transparency. They can also control the number of people in silence, and of course no one will invest or want to hold a bitcoin when that happens.

I think that the main problem of the government with bitcoin is the inability to control it. The authorities can not allow people to control their money, they need to intervene in this process. Therefore, it is unlikely that most of the rulers will voluntarily decide to accept the cryptocurrency.

Bitcoin really allows you to track transactions, and everyone can do it. Therefore, dishonest politicians are in no hurry to accept cryptocurrency. They are simply afraid of the consequences of this acceptance.

Because crypto seems to be a natural progression of history, whether it is wanted or not, the government is pahir accepting it.

My reason is very simple, bro. because crypto money helps the world community to make transactions easier both domestically and abroad. and can be a reserve currency for the world community

Bitcoin has a number of features that outperform other currencies so the government should know which one is best for their country.

I am believe government oppose bitcoin because government or central banks can not control the supply. We know that central banks control the money supply by printing paper money from thin air.
If government or central banks oppose bitcoin because used for criminal action like money laundering, we know that banks system is good place to hide the corruption money and laundring it.

Because, 1. bitcoin is a currency that is not regulated by any central bank. 2. bitcoin can be the best investment  3. Because Bitcoin does not have an intermediary, transactions can be done without any limits.

Yeah that's right, All would be better if the Government willing to accept Bitcoin/Crypto as official currency in the country. All people will be easy to Transact and save the assets in his possession without any third parties who set it up.

The government must be able to accept the existence of crypto currencies, because crypto currencies will not harm the government, and the fact that the existence of crypto currencies can help the government in the welfare of its people. Indeed, there are some parts where crypto currencies are considered anonymous and cannot be tracked exactly who they are, so we often hear misuse of currencies such as money laundering and so on. But in my opinion it is not an excuse for the government to reject the presence of crypto currencies, because if the government is serious in supporting the existence of crypto currencies, the government can actually track every crypto currency owner, through transactions or bank accounts that they do through the crypto currency.

we take the positive side first, the government accepts crypto, we are also happy because there is support. but if crypto will also be used for corruption because it is transparent, there will be regulations that might create traces of transactions on crypto. I don't know for sure why the government is want to accept crypto, but clearly the government is starting to support Crypto even though it has a different purpose.

Acceptance of bitcoin by the government really takes time and needs a lot thorough studies on government side.Government is after only on the betterment of his countrymen.For sure the government has foreseen the problems that may arise when they allowed  cryptocurrency on the future use.
Cryptocurrency has many good attributes.A decentralized currency with high value and a lot of uses.For now,lets just hope that government is making the best for his people

I don't think that government in general needs to accept it. Government will introduce taxes too this sphere and it'll loose all of it charm and advantages

If the government accept cryptocurrency as official, what will happen if the crises occur? When there is a crises government can influence it to a certain degree through emission. With crypto money it is impossible to regulate

maybe because accepting payments using cryptocurrency crime can be reduced even when doing transactions can create a very high sense of security and very fast delivery.

If bitcoin is a useful currency to every one and it is the beat way to send your funds through out the boarders so governments can use it for payment in different countries and if the government support bitcoin it's value will be ten times stronger than now and i hope that in the near future it's value will be rise but now we are waiting for the news of opening doors to the bitcoin by the Big economies like US and China and it will impact on the whole world.

Goverment is difficult to control crypto it has a record and transparency. It can trace your name and even your transactions. Thats why they will not allowed to regulate any crypto because they hide something for thier own businesses like corrupting.

I think the government should start accepting bitcoins and other cryptocurrencies because they are pretty helpful when it comes to transferring money from one person to another. The only problem I see why the government didn't gave cryptocurrency a greenlight is that people can use it to launder money.

Well i agree on that, blockchain technology is quit amazing it is really simple to use and it can really help is to some government transaction or payment it can also maybe help to preveent government corfuption and tax stealling the amazing blockchain technology is slowly developing and maybe in the near future it will become more helpful to us.

Governments should accept crypto if they want to better control people.

There are many benefits government and banks can experience thanks to Bitcoin and blockchain. But there is a difference between governments entering the crypto world and accepting the rules (decentralization, transparency, etc) and governments setting regulations to control crypto. The first option will be benefitial for everyone.

from the explanation it was very clear that the country wanted to hide their decay, especially in terms of corruption. whatever happens if bitcoin is bought by a corrupt country ... the world will definitely go crazy. and the majority of the population will do negative or criminal things.

Governments have altogether different needs, and decentralization — a fundamental component of most cryptocurrenices including bitcoin — doesn't tend to be one of them. Indeed, cryptocurrencies could proclaim another period of centralization, offering genuine and serious questions about privacy and the feasibility of true cryptocurrencies like bitcoin.

This post is good and make sense. Bitcoin must be accepted by the government since it is use as business and investments, i think there is none other than that. I think there is no negative side for the government to use bitcoin aside from the fraud people that are trying to steal, scam, and hack.

this must be done so that the government can further develop its economy. so that the government can compete with any country. at present, technology development in the financial sector is very rapid. all countries have used technology to transact so that the government must improve the quality of human resources in order to compete. and the government must be able to use technology for economic progress. so that the government can transact with other countries that have used financial technology.

Governments that are more innovative and secure seem to have a different view about crypto, and that they realize the importance of cryptocurrencies in our world today. For instance, Japan has already accepted bitcoin as a legal tender, while regulating the trade in the country. So of course, governments can benefit from crypto as well. And didn’t bitcoin account for a remarkable portion of GDP growth in Japan?

any government should be interested in the development of new technologies and participation in the global division of labour. in the global world, the government is concerned about the competitiveness of the country and its producers.

Well, maybe if they accept bitcoin to hide their "corrupted asset", maybe they will be found out by other peoples about their corruption.
Actually, some of the coins are anonymous enough if you not using any centralized exchange to transact your coins, for example Monero.

Bitcoin's transactions can be found on sites like Blockchain.info, that is the reason these decentralized cryptocurrency is not really a great currency to use on private transactions like on the Deep Web, also the reason why a lot of criminals are caught there.

There are a lot of other cryptocurrencies that is more anonymous than Bitcoin for example Monero. Even if Bitcoin is legalized on a country, they will not be able to hide their dark secrets at the back of Bitcoin since we all can see that on the country. The country reflects what they are doing with the funds, the taxes they are collecting.

but it does not mean a necessity to accept and legalize crypto if it is concerned only with the development of new technology?
even the government can make more sophisticated technology with fiat to create a new digital currency,
need a reason that is more urgent to make the government want to legalize crypto

Good question... Every government should think about cryptocurrency. The biggest advantage of cryptocurrency for government is Security. The technology used in the cryptocurrency is highly secured and decentralized. There is no involvement of any third party or central authority. So, ultimately trust factor of government over the citizen of the country will increase. That centralization could provide governments with some world-changing capabilities. The government spends lots of money on security and privacy that money would be saved.

Well there are really a humor about the transferring of money from russia to the US election and that breaks many american heart knowing about that
And even in asia lots of issues are being pointed out in legality about this lots of corruptions,believe that governments will never accept bitcoin unless they have the guts to stop this illegal activities and willing to clear up their governance

You got the perfect answer.

Yes this is right and many government start thinking to accept crypto currency, the reason behind this is the cost on paper currency is much higher and the second thought is security.the technology of Bitcoin is more secure and decentralised and any transaction on this Blockchain you cannot erase that transaction.No third party involment is there in crypto currency transaction.

Gradually, big corporations around the world have applied their cypress production practices, demonstrating their growing role.

Unlike other storage tools like gold or silver, bitcoin can be short-term slave storage tool, because if one day the price goes up suddenly you can earn a profit.

Governments should know what is good for their country, they need a macro view rather than just focus on their shortcomings.

the government is not very concerned when Fiat is used by scammers. and all of a sudden concerned about the cryptocurrency. most likely, they are concerned about decentralization and will use centralized cryptocurrencies.

   Nowadays,we are using modern and advance technology and there are so many jobs online that can apply. Also young people now are familliar and knowledgeable in terms of high technology that we use. So,government should accept cryptocurrency for the sake pf many people and to minimized poverty in every country. Cryptocurrency are helpful not only to our fellow countrymen but also those people all over the world. The problem is that government against crypto and can't accept it because of being decentralized of it.

Because it is safest palce to invest.

I think not only that (for money laundering), the government thinks too much negatively about cryptocurrency rather than thinking positively. even though there are many benefits of cryptocurrency, such as for investment, it can also help to improve the economy of the community. indeed the government should begin to accept cryptocurrency. this new technology is very useful for us.

I think there is no obligation for the government to accept bitcoin as a payment tool in the country. This is evident in many countries that bitcoin is prohibited. The main problem is that Bitcoin is allegedly a place for laundering money from crime. Even though on the other hand bitcoin has added value for the government of a country if it is willing to legalize bitcoin, among others, increased investment transactions in the field of digital finance, suppressing inflation due to the strengthening of the USD currency, etc.

if you want the world without corruption, all countries should start using crypto currencies, because with a decentralized system all suspicious transactions can be detected by law enforcement.
but crypto also provides a lot of convenience for business people between countries, because with a single currency there will be no more inflation which is usually always a frightening threat to export and import actors.
all countries should realize the extraordinary potential offered by bitcoin and the government wants to facilitate bitcoin users in their countries.

I think the main reason why the government is against accepting bitcoin is that it is impossible to control it. The authorities cannot afford to have no control over the money. Therefore, they are so against cryptocurrency.

It might be, and it also one factor is that crypto currency never give assurance to the people and they feels anytime it gone forever. They'll afraid that could lead into money laundering due to its anonymity of any crypto holder and it is already used for some illegal activities in some countries. They can't trace them and there could made them hard to solve the problem. But when it finally regulated by the government, there might be a huge change in the market most specially for the individuals identification.

why they should ?  no   . its really not necesary to accept crypto becuase we can still live properly with or without them   .   a government will only accept crypto if they arent afraid about the risk but aside from potential risk , crypto can also bring alot of benefits to its users  .  i guess that the maine reason on why some governments are willing to accept crypto even if they cant fully control it  .

If they Dont have control over money then why bankd is controlled by the governments?government dont want bitcoin fo now because they still blind on what this can bring for them but in sooner time they will realized the things they missed and might find the goodnes from the best technology ever created

Governments should accept bitcoin and crypto due to there potential qualities and the good they can do to local businesses by improving there processes but some governments and people say corrupt politicians and other criminals use crypto or bitcoin to hide there income and black money but there is no solid evidence to believe such accusations are true and also if majority of corrupt politicians and criminals has already hide there money in bitcoin and crypto do you believe that this huge price drop can occur because we know much big money criminals earn from there dirty work so with that kind of money flow how can bitcoin or crypto price keeps decreasing so I think such accusations are meaningless and negligible

To me this has to do more with their bosses, some of the most powerful men around the world, which tells them what they need to do, and it is clear they see something like bitcoin that will completely change the way the economy works as something that is not favourable to them and they will not accept it regardless of the benefits politicians could get to themselves.