Government and Bitcoin

[jpnl0004]

i think they should have one  thing clear they just cant control bitcoin

[Ailmand]

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

It's not that they don't trust it mate. I think many governments are like that because they just wnat to safeguard the investment or money of their people. As you know, there are just so many negative news swirling around cryptocurrencies, and so, it would not be far off for governments to notify people to be cautious, more so totally avoid investments in this market to avoid the risk of losing their money and complaining senselessly later on.

[liseff3]

The rising bitcoin value, making the popularity of digital currency or cryptocurrency also hoisted up and became a global public concern, especially among investors and financial market players to economists. However amid rising popularity of a bitcoin, there are one million doubts about this digital currency both in terms of security nor its use.

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

Almost the same as the previous reason, because:
Bitcoin does not donate any value, into a country's economy.
Bitcoin's not an investment asset, because it has no intrinsic value.
Bitcoin's just a trick of speculators.
Bitcoin's an unclear property
Because, there is no law governing it.
Bitcoin's considered to harm the economy of the country.
Bitcoin's just a matter of speculation.
Bitcoin's just a tool to rid money from corruption.
Bitcoin's designed and operated outside government control. Therefore bitcoin's feared to be freely used for crime including terrorism financing.
It is on this basis, that some countries prohibit the use of bitcoin as a legitimate means of payment and make bitcoin isn't widely accepted.

[Kisanaq]

Various government banned bitcoin, they think that bitcoin is a threat with the reason for illegal transactions, increasing corruption and sebaainya, I think with the fact that users continue to increase then the government should be concerned and immediately make the regulation.

[teejayrichard2]

it is not like government does not trust bitcoin, they fear the ideology of bitcoin taking over fiat currency and since bitcoin is decentralized meaning they can't control it, they (government ) fear it. Government will never support anything they don't have control over

[mrben77]

Today, bitcoin can be considered as an advertisement for block-technology. Agree, when all the headlines of the publications speak about bitkoin, willingly or unwillingly you start to be interested in this topic. ... Today, the Crypto currency is one of the most cited topics in the media space, central banks and governments of different countries are beginning to think about the pros and cons of crypto-currencies, which allows to state that advertising works.

[elpsycongro]

Because bitcoin is really dangerous enough. Unfortunately, crypto currency is used for illegal actions because of anonymity!

[Baby Dragon]

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

It is in the human nature to disagree or even afraid to something new, something that they don't fully understand. Some government don't see the picture we can see in bitcoin so they don't trust the potential of cryptocurrency to the economy. Most of the time, they think that bitcoin will just ruin it but the real objective of bitcoin is to provide the public a choice, a freedom in transactions.

[Anies_Sandi]

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

they may be afraid, because bitcoin is a very high risk, so the government is afraid if the country suffered a big loss.

[Shiversnow]

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

Not all government disagrees with the ways of bitcoin like Japan and Singapore. The government just fears that bitcoin will be used in the wrong intentions. But overall, bitcoin helps the economy to grow more. We still need to gain the trust of the governments so that our progress won't be slowed down. Bitcoin aims to change our financial system and to do it, we need to be recognized as true and working industry.

[jake zyrus]

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

It is a tough battle to convince everyone that bitcoin should be trusted and treated properly as a currency and as an asset. Fortunately, some countries are on our side for this quest to improve our monetary system. South Korea and Japan are one of the friendliest countries for cryptocurrency and I hope more nations will also see this opportunity and won't waste this chance.

[patrickj]

Government and Bitcoin commendable blend yet at the same time government have risk of Bitcoin. Actually government need to gather expense to produce the income upon each exchange of the Bitcoin yet at the same time government neglect to work Bitcoin,maybe in future discover way and authorize Bitcoin and Bitcoin will worked in government cautiousness.

[Dod Ong]

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

I think why some government does not still trust bitcoin because they think that the bitcoin cannot help their country. But the bitcoin can. If they use bitcoin I think their economy becoming grow because the bitcoin is very powerful. I think if all government all over the world use bitcoin, no one people is poor.

[Helex]

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.

[dificanovi]

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

at the moment there are still many governments who are unsure of bitcoin. from the information I got that the government does not believe in bitcoin because they think bitcoin is where criminals deal to buy weapons, buy drugs, and money laundering. other than that the government does not believe in bitcoin because transactions that occur can not be in the know person who sends and people who receive bitcoin.

[jpnl0008]

I think they are confused as to treat bitcoin as currency or an asset. Therefore the government has created discussions of this issue and they will draw a conclusion from it.

[Ahimoth]

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

Not all government disagrees with the ways of bitcoin like Japan and Singapore. The government just fears that bitcoin will be used in the wrong in on attentions. But overall, bitcoin helps the economy to grow more. We still need to gain the trust of the governments so that our progress won't be slowed down. Bitcoin aims to change our financial system and to do it, we need to be recognized as true and working industry.

It's sad to say but up to this moment there are still a lot of government who doesn't agree with bitcoin. It's still not recognize as legal currency in by many governments. They feared bitcoin's capability of growing because it is decentralized and uncontrollable. But on the other hand some government supports the using of bitcoin because it's also helping them.

[Zaibraid]

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.

[proTECH77]

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

The Government want to be in control and be able to regulate bitcoin and for the nature and purpose to which bitcoin was created, it is quite difficult for government to regulate it, because of its decentralized nature, and until they find a way around it, the consent of the government will not be given.

[mriansa]

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

I think so far the government has little confidence in bitcoin because bitcoin is a very powerful and highly transparent digital currency so it is likely that the government will find it difficult to corrupt and not only that, the government is afraid that bitcoin will be used for terrorist financing.