Government and Bitcoin

[Randolf007]

I think because bitcoin will damage the country's currency, for example if everyone plays bitcoin will exploit the currency of each country will be disturbed and damaging the economy of a country, namu if handled and more paid attention by the government then the value of post can appear. the government should continue to examine more deeply the positive value of bitcoin. because many positive values exist in bitcoin.

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[harrylucky67]

Government still does not agree and does not provide ratification about the circulation of bitcoin because I think bitcoin can not be trusted by the government

[Nipun22]

People always confused about new things. Some people accept it some goes against it and rest of wait to see what happened in future Weather the thing is good or bad. If the new thing is useful then the thing itself makes everybody bound to accept it. I think Bitcoin is a useful thing and I also hope that today or tomorrow Bitcoin can be legalized in all countries.

[JiuMiBe]

From a global perspective, the correlation coefficient is a positive number indicating that good government management is accompanied by a friendly environment for Bitcoin to receive. In contrast, corrupt governments are often stern with Bitcoin and other types of electronic money.

[denzkilim]

Now that we are seeing of many governments are seeing the blockchain as an opportunity to revamp their economy, here is a great article about China and the way they see the blockchain technology. I’m a token holder so excited that AML Bitcoin is the only patent approved coin that many countries will embrace their technology.

https://www.ccn.com/chinese-president-xi-blockchain-breakthrough-is-reshaping-global-economic-structure/ 

I think government doesn't trust on bitcoin because of the price so high and government scared because theres a chance to replace the own currency and government did not get a tax on bitcoin because government did not adopt on bitcoin so i think that is the reason why government did not trust on bitcoin.

The number one reason why do governments do not want Bitcoin or crypto currencies is because this technology will prevent them from stealing money from their own citizens and this is one of their worst nightmares that will ever happen to them. We all know that Bitcoin is decentralized and no one controls it, this kind of feature is one of the most hated features of corrupt governments that only want to steal money from the people.  

[bstewart]

Now that we are seeing of many governments are seeing the blockchain as an opportunity to revamp their economy, here is a great article about China and the way they see the blockchain technology. I’m a token holder so excited that AML Bitcoin is the only patent approved coin that many countries will embrace their technology.

https://www.ccn.com/chinese-president-xi-blockchain-breakthrough-is-reshaping-global-economic-structure/ 

I think government doesn't trust on bitcoin because of the price so high and government scared because theres a chance to replace the own currency and government did not get a tax on bitcoin because government did not adopt on bitcoin so i think that is the reason why government did not trust on bitcoin.

Of course, they don't appreciate any type of competition. Although, I don't necessarily see if as total competition. There will probably always be fiat, it's just nice to have some other choices available.

[GaryGadoot]

Government of every countries may be don't put their faith on it, the reason may be it has no physical structure.

[sashasemenov]

In Russia the government is pretty bitcoin friendly

[blackandred]

Because it's still new. And actually a solid percentage of bitcoin users still don't 'trust' bitcoin.

Actually a solid percentage of Bitcoin users don't trust governments.

some government have over-issued paper money . a lot of people choose buy bitcoin to keep assets . they will by bitcoin transfer assets . government can not control the international circulation of bitcoin  . so , it establishes policies to limit bitcoin .

[Getmon]

In Russia the government is pretty bitcoin friendly

Good for you, mate. And good for both Russia and Bitcoin as well. This only means that there are indeed countries in the world that already embraced Bitcoin. Aside from Russia, there are also several other countries that are friendly to Bitcoin. Some might not have fully raise their green flags to Bitcoin but their treatment is pretty reflective of a friendly stance unlike in other countries where deliberate laws against Bitcoin are implemented.

[Lataman]

I think indian government does not trust on bitcoin.he think that the bitcoin will damage their system so we can say that relation between india government and bitcoin is not so good.

[JRDuran]

Why, until now, government all over the world still doesn't trust bitcoin?

Today is not all over the world but majority of the country around the globe. Atleast there are changes from time to time and this is a good sign that little by little crypto currency are turning the world system.

[maxman190]

Some governments are loyal to crypto-currencies and even encourage their use. but there are those who busted bitcoin and using its people fall under a certain kind of responsibility. all this is because not everyone understands the value of bitcoin and that its technical characteristics could change the existing financial system.

[enwi]

the government can not trust bitcoin and ban bitcoin because the government considers bitcoin to be dangerous when used for crime and bitcoin can affect the economy of the country with an ever-changing exchange rate

[kokobaba880]

Government is trying to control over crypto and it is good to make crypto in the present time because we will need it for making online transaction and governments is trying to control it but due to digital nature no one can fully control decentralized currency.

[spuyf3]

The government never trusts Bitcoin. They cannot control the cryptocurrency unless they can trust the economy to a currency that they do not control. Of course, they have never tried to understand the blockchain before, nor have they ever understood Bitcoin. There are many loopholes in Bitcoin so far, but I believe Bitcoin will become better as time progresses.

[gathingbrus]

Yaasss, this is a classic problem that happened until the year 2018 and will not know how long. But now it's pretty good there are some countries that legalize bitcoin. Let's wait for another country's openness to bitcoin. I think they just need to learn and understand bitcoin more deeply.

[Woolles890]

Why, until now, government all over the world still doesn't trust bitcoin?

Yes indeed most governments around the world have not trusted Bitcoin fully but there are already some countries whose governments entrust Bitcoin. The government does not believe in Bitcoin for fear of Bitcoin bringing bad impacts to its citizens. Yes that we know all if Bitcoin can be used for things that are illegal of course this is very worried by the government.

[rudox]

Just because they can not control bitcoin because of its decentralized nature. They have tried all they could with their agent but to no avail.  Bitcoin can not be centralized once done then bitcoin is no more.

[Atm2020]

In my opinion, not all governments in the world don’t trust bitcoin. Only a few governments in the country don’t  trust bitcoin. I think that is a natural thing because in the financial system of the country should be clear, including how the distribution of the transaction, who controls the regulation, and how the tax system according to the law. Whereas, in the bitcoin, it doesn’t exist. No official institution controls bitcoin so the government considers that bitcoin is illegal.