Government and Bitcoin

[megalith07]

Government has its own motivation behind why regardless they don't confide in BTC. Possibly in light of the fact that BTC is unknown and government can't manage BTC that is the reason part still don't legalize BTC. Ideally in the close time numerous nations will legalize BTC on the grounds that it is one methods for creating revenue when it is being burdened and its a major help to the economy. Parcel of individuals now are draw in with it so high plausibility of higher percentage of revenue is being gathered.

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[bertak]

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

The government wants to control its citizens. Therefore, they see bitcoin as a threat to the stability of power. Well, do not forget about taxes.

[tanginamoo]

They don't trust bitcoin because they don't have an idea about this forum, it can really help all the people survive their difficulties in life.

Indeed, also one of the reason that the government do not trust the bitcoin is because of the instability of the value that why there os a little chance that the bitcoin will be part of official currency of a country.

[creative-raju33]

The bitcoin is a crypto currency for the near future in the world but now at this moment the several government are not satisfied with its spreeding section for the currency. There in the new era of morden civilization they indicate many show cause for the denied section of bitcoin. Yet it is a good currency with the purpose of its running in the crypto marketplace.

[SolutionBase]

For a long time they really didn't need to take it very seriously - there wasn't enough money involved in it that it really mattered to them (from their perspective, who cares if a couple of "nerds" trade a fake currency back and forth between themselves). But now, as both the number of people and the amount of money involved as increased, they've decided that its getting too big to ignore and they need to take it seriously. But there is both good and bad to "seriously" - in some cases, it could mean that they see it as a threat to their own financial systems so they want to ban it, in other cases, they might try to create protective legislation which either A) could help or B)could misunderstand the fundamental idea of a decentralized currency and hurt it. So honestly, its a bit of a mixed bag at this point.

[Ais08]

Perhaps the government did not want to bother looking for Bitcoin, and they just wanted to get their income from paying taxes from everyone who played with Bitcoin. Of course this is just my thinking and it could be that the Government worldwide can not trust it yet and even for legalizing it is very difficult ..

[cunguks]

The government certainly can't be friends with the system of bitcoin. Their nature is contradictory. Government is centralized, while bitcoin is decentralized. The government wants all access where they have control over it. Further bitcoin can't be controlled by anyone. It's pretty obvious, I guess.

[ericmalik]

because they don't believe bitcoin can replace the money.the banking system may be gone and governments are afraid of this.

[tazman]

First bitcoin is new,anything online government hardly trust it, then I will say they don't have power to control bitcoin.

[Victorias]

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

The main reason is the decentralization of bitcoin. Governments simply can not allow anyone to do something uncontrollably.

[joebrook]

They don't trust bitcoin because they don't have an idea about this forum, it can really help all the people survive their difficulties in life.

It’s more about their lack of control about the decentralization of the currency which really irritates the governments especially dictatorship who are used to be in control of everything.

[dominional]

Government and Bitcoin,  it is not all government that accept and receive bitcoin because some see it as a way to block tax,  Government must generate  money from people but not from bitcoin just that it is not acceptable b4 the nation

[Tomborneque_1102]

first of all, Bitcoin is decentralized. that means, they can't control it. they don't have access to it. second, since it is decentralized, many evil people are using Bitcoin to make transactions to their illegal activities. and it's hard for the authorities to track them down. and Bitcoin is not yet stable, that's why some Government think that Bitcoin will disappear sooner or later.

[TRON0824]

because of paper currency , yes if they spread the bitcoin is a good investment or is the good money in the future. the banks with papaer currency all over the world will close after 20 years .

[aitrading]

wow, this topic still relevant. Because governmemt afraid to lose domination.

[Helex]

Many people are still aware the name of Bitcoin and the many governments thinks that bitcoin will damage their system. Here in india bitcoin is not legal or not iillegal but Indian government prepare to ban it.

[rabs]

Government and Bitcoin worthy combination but still government have threat of Bitcoin.Actually government want to collect tax to generate the revenue upon every transaction of the Bitcoin but still government fail to operate Bitcoin,May be in future find way and legalize Bitcoin and Bitcoin will operated in government vigilance.

[romero121]

Governments fear of bitcoin which is the major thing leading to the increased regulation of bitcoin and other cryptocurrencies. This won't change in the short term, because governments fear that their economy might get affected due to usage of bitcoin. If each and every government give support similar to that of Japan surely now it could have reached above $30000 by now.

[Hudadahuda2018]

The government suppose the cryptocurrency are used only for bad purposes

Actually it depends on the person's thinking and what is their response to cryptocurrency in the future because only they bring cryptocurrency or bitcoin both good and bad roads because they have the right to think what is the service about bitcoin and cryptocurrency but which i cryptocurrency response can be brought bad path and also cryptocurrency can brought the right path because it depends on who uses it.

[endut15]

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

because they are afraid of all the negative news about bitcoin that is currently widespread, so the government is very anticipated with all that.