Government and Bitcoin

[RealSohan]

The government of many countries announced the validity of Bitcoin. Many people are now heading towards Bitcoin. The big political parties of many countries are moving forward towards Bitcoin. But there are some countries in which the government declared Bitcoin illegal in the country. The government of every country should announce the validity of the Bitcoin.

[teejayrichard2]

this is not true. some government, very few though have accepted and adopted the use of bitcoin. i strongly believe with time other government all across the globe will accept and adopt the use of bitcoin

[znakistu]

the government thinks so: all these digital technologies and bitcoins with them will destroy the financial system and chaos will begin ..

[PAKYU]

i think they interest grow every they and do something about that. i hear some countries try to make they own crypto money but still not enough of course.

[felixesteban]

People have tendency everything that is new with suspicion, which is a very natural approach. For governments, there is much more uncertainty and distrust. They can't make taxation, and the control mechanism is not belonged to them. But this attitude will change over time as its use increases and it is seen more frequently in everyday life.

[Qeupe]

One of the main reasons may be that bitcoin is a decentralized currency, meaning that no one or government can control it, this means that if the government can not control it, then the government will not face it because it does not benefit them. .

[vachellie]

The government doesn't really trust Bitcoin because it's new and that cryptocurrency is basically untraceable. People use bitcoin to buy illegal goods. That's why I think the government is not so fond of bitcoin.

[Xising]

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

I think governments are just trying to be cautious in viewing cryptocurrency-related investments. A government is always looking to protect its people from bad business or deals that can only lead them to lose their money. And so, instead of telling their people to just take the risk, they are more so siding on just telling their people to actually avoid it altogether. However, I think the cure for this is if more and more powerful countries would levy for it to be accepted. If seen my smaller ones, then they would follow suit because that will serve as an assurance to them.

[Evil eye]

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

It is not right to expect everything that everyone will take. Just like Bitcoin is not accepting all the countries. However, most countries are accepting Bitcoin and are using BTC in many cases. Bitcoin users increasing the number of days as the number of users is increasing. But some countries have not been able to believe Bitcoin's acceptability.

[putriliesma]

Many people do not know what btc and even investors who invest here have no idea what they are doing which is a big leak and misleading information and volatility that should be the main reason.

[VayneAurelius]

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

It is still unknown. Gaining money which cannot be seen by our two eyes. Still it does not have the tax that it must have. Once that government put its trust into bitcoin or other cryptocurrencies, there will be no turning back. If they invest a lot of money using these cryptocurrencies, there might be problem in the future. These are the ability of a cryptocurrencies being a bubble that might disappear in the future. This might be a turn around that will make the government fail to calculate. It is too risky since it is digital.

[wallstone]

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

The government they protect there people from scammers and hackers cause some of the investors don't have knowledge in investing and trading and the other reason the news of media that bitcoin is scammers they give bad news to people. Maybe this is one reason why government doesn't trust in bitcoin.

[thunderclup]

Now body knows why the government doesn't like bitcoin I have some more knowledge why government disagree I think it is because they can't get any more benefits and bitcoin don't have any tax that's why government domt like bitcoin.

[Polkadott]

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

[Roadarks02]

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

I think because bitcoin is new and that the it doesnt pay any taxes. Also bitcoin can be used for illegal transaction such as buying  illegal gus and financing some terrorist because as we all know that the transaction being made are anonymous so its hard to pin point who did the transaction.

[Saiful Islam777]

Bitcoin has its own independence. There is no government intervention in it. The government has its own currency, which has been used for ages, so there is no worry about bitcoin.

[MudahDanHemat]

I think the government and bitcoin just need time to get to know each other. After all, now there are some countries that start receiving and even legalize bitcoin. There are still many who do not believe in bitcoin, let the time will answer it.

[Jerson]

Governments are greedy for the control and this they will never allow anything that can cause the threat to their ambition of controlling every aspect of our life. It will aaffect them in long run to compete with the developed world. Currently Bitcoin is helping people and I hope the government can see this.

[Reme-Coin]

They want to control it, but they can not, so they come up with various things like bitcoin is not safe, it can be used for criminal purposes and much more. But in fact, governments of different countries just want their piece of cake.

[Daseento]

There's a reason why it's being referred to as a disruptive technology, it's challenging the way things has always been done. Therefore, before acceptance by anyone (government inclusive) there's a need to understand the technology behind it. Only then can both reach a consensus of how to work hand-in-hand.