Government & Bitcoin

[McKane]

In some words we can say that governments are shits. Because it's making wars between countries it is making things wrong by taking wrong decisions. Making people hatred by each other.
While in Bitcoin.
People are becoming united. Bitcoin is removing bias system. Bitcoin is making things good. Bitcoin is bring peace. Bitcoin is removing the distance of people.  

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[pandukelana2712]

Hi there....
It same situation in here. My goverment is not agree with bitcoin and bitcoin can not to be payment and investation, they said bitcoin is not save for investation and does not have regulation to handle it.
They worried that bitcoin can use for criminals action like money laundry and some financial for terorism.

I think, their spoken is from policy of International World Bank, who threatened by bitcoin.
The case in my country, the goverment does not agree with bitcoin, but in other way they interested in blockchain technology, so sometime i have opinion the goverment will make new cryptocurrency for themself.

[mega]

Government and Bitcoin such an unmatched combination,Government has a threat that Bitcoin will encourage black money and many more irregular activities,yes it happens but If Government deeply research and study and legalize the bitcoin it will helpful for healthy Economy also can recover black money and stop irregular activities.

[Astvile]

I think they will not adopt on this bitcoin hype,they are the government they have each and single currency in the market handled by them (disregard the cryptos ofcourse).I dont think government would be willing to adopt this cryptocurrencies

[FLoving]

Bitcoin is decentralized so I think there's really nothing that the government can benefit it from but only the government has the power to legalize bitcoin as a mode of currency. Also, it's most unlikely that it will be like that because it'll be difficult and disadvantageous I think if the country got two currencies.

I think it is possible that governments can also get benefit from bitcoin as if they will start their own wallets and they will support that currency in their banks with that wallets to store people money then it will be possible for their people to rely on them and no one will hack their bitcoins and in this way government will also get a high benefit from that service.

[KrisAlex18]

The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.

How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.

Bitcoin has made a lot of impact to everyone's life not only to people but also to the economy. As time passes by, the contribiution of bitcoin in the world economy continues to exceed. I think one of the main thing that local governments can do during this transition is to inform the countrymen on what bitcoin is and what it does to people. All we know right now is that someday sooner, bitcoin and the government may collaborate for a better outcome.

[aeternus]

Bitcoin is decentralized so I think there's really nothing that the government can benefit it from but only the government has the power to legalize bitcoin as a mode of currency. Also, it's most unlikely that it will be like that because it'll be difficult and disadvantageous I think if the country got two currencies.

I think it is possible that governments can also get benefit from bitcoin as if they will start their own wallets and they will support that currency in their banks with that wallets to store people money then it will be possible for their people to rely on them and no one will hack their bitcoins and in this way government will also get a high benefit from that service.

But governments will have to become banks for that to happen also who is going to give their money to a government, it is like asking a crack addict to store your life savings and expecting that person does not spend it on drugs, that is why even if a government tried to do that it will be unsuccessful since no one is going to trust governments to store their money.

[winterland]

The type of forex is quite unimportant. Anything that  prevalent worth may be used to account unlawful actions, and much more, can be expected to be doing so. USD, Euro, Yen, btc, precious metal, expensive diamonds, drugs, and so on. The moderate is fungible, criminals is going to be criminals. The forex doesn't make them so.has

I think Government will never accept bitcoin because bitcoin is decentralized currency and the government never see any effort to which they can be get any taxed from them and bitcoin has there own platform to scape from any taxed by the government.

Even if they do not like it they will have to accept bitcoin eventually, bitcoin is one of those things that is not going to disappear just because they wish it they are going to have to deal with bitcoin and unless they want to prosecute a great deal of people they are going to accept bitcoin eventually.

[Kong Hey Pakboy]

We all know that there are banks that were run by government. And if we connect the government, banks and Bitcoin, it is so hard for them to work in one. It is like an oil and water. Banks are the middleman of transaction in a country. They served as the dealer or agent between two parties. While in Bitcoin, we does not need any middleman in our transaction since Bitcoin is decentralized, and does not undergo any like in the bank. Well there are government or country that accepts Bitcoin. It is all about acceptance but majority are scared of Bitcoin because of the things it can do.

[Jake052478]

The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.

How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.

Sooner laws will be passed by our lawmakers to regulate and tax this new scheme of currency.  As of today, the only tax collected using bitcoins in the transaction is Value added tax or VAT.  A direct tax is not yet applied so there are still leeways who earn income through bitcoins.  The moment lawmakers studied the benefits and use of this currency, they will eventually regulate and imposed tax on it... just wait...

[kolbalish]

Government and Bitcoin are two different topics in this time.But they are related to each other.Many government accept this and many government don't. That's not matter. Because, people still use this. But,Bitcoin is an investment platform which people work here for earning money as a payment. In a word,I want to say about Bitcoin that It's a platform where you can find all these things.

[intoy_victor]

If Government and Bitcoin will combined economy will increase. If government support and protect bitcoin then banks will accepting bitcoin. And bitcoin is going to education too.

But if all that happen I didn't know if economy will increase. Who will work to government if bitcoin has higher value than country money. Maybe government will against bitcoin someday.

[Choyor]

We believe today the central government is very responsive to the existence of Bitcoin. They will always monitor every development of Bitcoin in their respective countries, so they can adjust to this technology. But they have not dared to take the attitude to officially recognize the existence of Bitcoin in because they still holding firmly to the existing economic system.and because of the volatile Bitcoin price in fear will disrupt the already established economy. At least that's what's happening in my country right now.

[jassanpary]

If Government and Bitcoin will combined economy will increase. If government support and protect bitcoin then banks will accepting bitcoin. And bitcoin is going to education too.

But if all that happen I didn't know if economy will increase. Who will work to government if bitcoin has higher value than country money. Maybe government will against bitcoin someday.

Yes I'll also agree with that, bitcoin is a decentralised currency but the currency circulated by the governament is a centralised money, so there is a considerable difference between both the currencies. If Government and the bitcoin ties up then the economy undoubtedly increases.

[Dmitry.Vastov]

Government and Bitcoin are two interrelated thing. In any country in order to start its business bitcoin must need permission of government. Many government accept bitcoin while others reject bitcoin proposal. Developed country like japan using bitcoin as payment system. If government work with bitcoin they can slove unemployment issues and other issues also. But in many countries like china Bangladesh etc. it is ban because it is Decentralized. Due to digital currency it doesn't pay any tax and also associated with criminal activities. In those  countries their government also consider bitcoin is a threat for them.

[mirakal]

If Government and Bitcoin will combined economy will increase. If government support and protect bitcoin then banks will accepting bitcoin. And bitcoin is going to education too.

But if all that happen I didn't know if economy will increase. Who will work to government if bitcoin has higher value than country money. Maybe government will against bitcoin someday.

Yes I'll also agree with that, bitcoin is a decentralised currency but the currency circulated by the governament is a centralised money, so there is a considerable difference between both the currencies. If Government and the bitcoin ties up then the economy undoubtedly increases.

The government will ensure that they will also benefit with bitcoin, although it's decentralized but they will find a way to regulate it and enforce those users to comply with the law, especially on paying the right tax for their transactions and income online. I know bitcoin is still young but with the resources of the government, they can find a way to make it happen, this decentralized thing will become limit as we will not be able to enjoy full freedom in using bitcoin.

[trako]

BitCoin is one of the strongest opponents of the state. because the central authority is not needed and it does not have to be accountable. no one who plays with a country other than the country you want can ask you for an account. this is power. and it is very important for an authority. all states are based on the base currency. free states fall down and can not stand. BitCoin is a power on its own. and should not be memorized.

[screwUdriver]

If Government and Bitcoin will combined economy will increase. If government support and protect bitcoin then banks will accepting bitcoin. And bitcoin is going to education too.

But if all that happen I didn't know if economy will increase. Who will work to government if bitcoin has higher value than country money. Maybe government will against bitcoin someday.

Yes I'll also agree with that, bitcoin is a decentralised currency but the currency circulated by the governament is a centralised money, so there is a considerable difference between both the currencies. If Government and the bitcoin ties up then the economy undoubtedly increases.

The government will ensure that they will also benefit with bitcoin, although it's decentralized but they will find a way to regulate it and enforce those users to comply with the law, especially on paying the right tax for their transactions and income online. I know bitcoin is still young but with the resources of the government, they can find a way to make it happen, this decentralized thing will become limit as we will not be able to enjoy full freedom in using bitcoin.

European governments have begun to talk about bitcoin regulation, as worries about using the world's most popular crypto currency for money laundering, drug trafficking and terrorism are rising.

[Krishan_94]

Its true many countries try to reject crypto currency.. Bitcoin is the main of them. This is due to reduction of government taxes  due to the use of bitcoin in trading. They will afraid for this. But countries like united kingdom and Russia already began to accept bitcoins. So soon other governments too will accept bitcoins. United kingdom already placed atms to withdraw bitcoins.As i see , Bitcoins already replaced the currents systems of the world. Other countries have no other option than accepting bitcoin in later phase.. 

[randal9]

If Government and Bitcoin will combined economy will increase. If government support and protect bitcoin then banks will accepting bitcoin. And bitcoin is going to education too.

But if all that happen I didn't know if economy will increase. Who will work to government if bitcoin has higher value than country money. Maybe government will against bitcoin someday.

Yes I'll also agree with that, bitcoin is a decentralised currency but the currency circulated by the governament is a centralised money, so there is a considerable difference between both the currencies. If Government and the bitcoin ties up then the economy undoubtedly increases.

The government will ensure that they will also benefit with bitcoin, although it's decentralized but they will find a way to regulate it and enforce those users to comply with the law, especially on paying the right tax for their transactions and income online. I know bitcoin is still young but with the resources of the government, they can find a way to make it happen, this decentralized thing will become limit as we will not be able to enjoy full freedom in using bitcoin.

European governments have begun to talk about bitcoin regulation, as worries about using the world's most popular crypto currency for money laundering, drug trafficking and terrorism are rising.

I think that this is just an excuse for controlling such a powerful system (or trying to control)...money was laundered and will launder without cryptocurrency