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klebsiella
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May 17, 2018, 04:08:50 PM |
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Because this decentralized currency could be a potential risk to the global financial stability if this becomes a significant means of payment while it remains unstable. Government is also concerned with legal security and law enforcement issues due to its nature. It could easily be used to facilitate criminal transactions and to evade taxes.
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Marvelio
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Activity: 147
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May 17, 2018, 04:11:39 PM |
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maybe the government just wants to protect the community if people are not too familiar with bitcoin can harm someone in his finances. one of the best paths may be that bitcoin should rely on government to allow government to also control bitcoin openly for its people.
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GamingBro
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May 17, 2018, 05:24:30 PM |
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Many governments likes bitcoin because see on it their future, in other cases governments with problems used to ban bitcoin because they losing money, influence ,etc.
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spyerf
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May 17, 2018, 05:57:29 PM |
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Why, until now, government all over the world still doesn't trust bitcoin?
given that bitcoin can be used as a means of money laundering and other forbidden transactions so that the government believes bitcoin could endanger the country's security and economy. |
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cryptoloverlife
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Activity: 278
Merit: 10
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May 17, 2018, 06:01:50 PM |
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1. Governments have not done their homework for last 9 years. They have not studied the crypto technologies properly (or should I say, they don't have anyone who understands bitcoin and crypto technology. 2. Bitcoin has high fluctuations. The governments want citizens to be saved from losses. Not sure if they are talking about their losses  3. Bitcoin takes away the power from the Central banks, as they are decentralized. Governments don't work on this model  4. There will be no scam if bitcoin comes in Governments will not be able to do any miss appropriation of funds. 5. We are still living in a pseudo-economy, where all the big numbers provided by the government are questionable. If bitcoin comes in there will be no chance for them. |
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allthingsluxury
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Merit: 1029
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May 17, 2018, 06:02:43 PM |
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Bitcoin and other competing currencies are their competition. Thus, they hate cryptos.
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Gold & Silver Financial News: Silver Liberation Army, Gold & Silver News, Geopolitical & Financial News, Jim Rickards Blog, Marc Faber Blog, Jim Rogers Blog, Peter Schiff Blog, David Morgan Blog, James Turk Blog, Eric Sprott Blog, Gerald Celente Blog |
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Raven91
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May 17, 2018, 07:11:36 PM |
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Bitcoin is very scary and threat to every country base on my research they say Bitcoin claims that “It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.” That lack of central authority is the primary reason governments are afraid of the cryptocurrency. To understand this fear, it is important to know a little bit about governments and conventional currencies. Thats why it is not easy for them to let it happen.
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lissa brak
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May 17, 2018, 07:40:48 PM |
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I think, many government of the world think BTC may destroy their conventional currency. They treat the BTC as a threat for their currency. Beside these BTC also have to long way to go. Its yet not matured enough. With the passage of time BTC will be more matured and many multinational companies and as well as government begin to accept BITCOIN.
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Wahyud11
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May 17, 2018, 07:57:35 PM |
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government and bitcoin are interconnected, because bitcoin is highly dependent on the government, if the government approves the existence of bitcoin, bitcoin will be able to develop
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Cookie Man
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May 17, 2018, 08:10:49 PM |
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The battle between Bitcoin and government has lasted for so long and it continues as there are attempts by the governments to control the free and independent Bitcoin, Most governments are yet to give it green light, but some have moved ahead to give it the green light
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AliMan
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May 17, 2018, 08:15:48 PM |
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Why, until now, government all over the world still doesn't trust bitcoin?
I think many bitcoin traders are scared with the government because I think the government can and powerful to destroy bitcoin prices by giving some bad news that makes bitcoin to collapse. Yes i believe it too, and thats one reason why bitcoin price drops. But for us that knows all about bitcoin will not be affected of that because we know bitcoin than others do, so that we still believe even though they spread any kind of bad news about bitcoin. But i think some of the powerful people like big whales is part of the spreading of bad news, i think that it is their strategy to harvest bitcoin on the panic seller to earn big profit on the future. |
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maxman190
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May 17, 2018, 08:19:06 PM |
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The reason for the cautious attitude towards the crypto currency is its anonymity. It is not tied to any state of the world and to any bank. There is no one to bear responsibility in case of its collapse or fraudulent operations. Anonymity provides food for terrorism, corruption, illegal financial turnover.
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SkynetInvasion
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Activity: 55
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May 17, 2018, 08:55:18 PM |
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are two divergents
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arguelles84
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May 17, 2018, 09:11:22 PM |
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Experts expect a conservative approach-bitcoin is not equated to money  |
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crossabdd
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Activity: 1316
Merit: 1145
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May 17, 2018, 09:15:40 PM |
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I think because bitcoin is unknown to its creator, no one is responsible for bitcoin, has no regulation and rules, very fluctuating bitcoin values so at risk of loss, bitcoin is anonymous, and bitcoin is widely used for criminals. maybe this is some reason the country / government does not trust bitcoin.
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shafi alam
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May 17, 2018, 09:20:14 PM |
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they think by this process money laundering will increase .
they didn't get tax's by this process .
and so many causes here.
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conceivedspoon2
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Activity: 378
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May 17, 2018, 09:31:38 PM |
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The reason for this action by the government against bitcoin is basically because bitcoin is decentralised and more so the government wants to have full control over the currencies. So there are plenty issues of the government with bitcoin.
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Rakabel619
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May 17, 2018, 10:22:35 PM |
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Hello. indeed, governments can not track bitcoin, I think this is one of the reasons why governments do not trust bitcoin and the crypto world in general. The crypto world can fund acts of terrorism, kidnappings, assassinations, and other such torture
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janelleshepard
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Activity: 210
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May 17, 2018, 11:17:32 PM |
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The reason for this action by the government against bitcoin is basically because bitcoin is decentralised and more so the government wants to have full control over the currencies. So there are plenty issues of the government with bitcoin.
Yes, Bitcoin is not under control of goverments and that's why they're hating and putting Bitcoin in the prohibition area which for illegal stuffs, but at least there are some countries already adopted Bitcoin and later there will be more soon. |
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gilabusuk1
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May 17, 2018, 11:24:49 PM |
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Hello. indeed, governments can not track bitcoin, I think this is one of the reasons why governments do not trust bitcoin and the crypto world in general. The crypto world can fund acts of terrorism, kidnappings, assassinations, and other such torture
cryptocurrency is anonymous but it depends on everyone who uses it, many people also use cryptocurrency well and even the government has also started applying the system blockchain applied bitcoin |
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