Government and Bitcoin

[Alifal]

Actually bitcoin is new in the market.this way don't depended a solid percentage . this means that if the government can't control it, then the government won't deal with it since it gives them no benefit

[coromabur]

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

Because, not many people are using bitcoin as a currency and still not many are familiar with bitcoin. May be one day, when most people around the world use bitcoin as a currency, the government will trust about bitcoin as a digital currency in each country in the world.

[ryan1918]

why would the government like bitcoin they cannot regulate or control it, just like marijuana it will never be federally legal until they can find a way to make money on it, tax or control it, fuck the government.

[franklin hoses]

It's because of issues with regards to bitcoin. There are so many issues about bitcoin that make a bad impression to other people. Some government thinks that it won't make the economy productive and will not help people.

[dvmd lionel]

for me we do not need recognition from the government at all. We can make this community bigger and bigger everyday by ourselves without depending on the government.why not make sense because the price is fantastic and the increase is quite high. It may be too dangerous for a country's economy.

[RasicaOla12]

The government has always tried to control the activities of bitcoins as well as to control transactions and individuals who hold the money they want the millionaires to pay taxes on.

[novak hiel]

Still, some governments already legalize cryptocurrencies. I think it's a matter of time. And the digital war for the leading positions among the governments will begin soon.

[TahuDiniHari]

because bitcoin can not be brought into the realm of politics or power in a government. Bitcoin obviously showed them better than banking. bitcoin has its own economic outlook, by promoting joint justice by all the bitcoin owners themselves. government is too long-winded.

[shafi alam]

Govt. of All over the world  can't make money from it by tax.
That's why they saying its dangerous, risk etc all the stuff.
people do it listening to govt. but they know its Decentralized system.  

[CoinFoxs]

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

People answered this question many times, Because of decentralization of bitcoin governments are afraid to legalize it in their country because they don't have control on these transactions so people can use this for money laundering etc.

[tuankent55555]

im just wondering if it is that they dont trust it or are just waiting to adopt it when the timing is right....

[Kingjagat]

government and bitcoin have been discussed about this because every country has bitcoin regulation, some countries accept bitcoin and some others prohibit bitcoin activity.

I think the government generally will not support or accept bitcoin in this case and they will do anything to prevent it happen. when you have a network system that directly the substitute that may be for the financial system now or one day will damage grip and control you have, would you believe in the first place? actually I have to change the said to be a threat to be more appropriate.

[UchihaRukawa]

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

Trust is earned not given.. bitcoint still has ongoing development the reason why until now government do not  trust bitcoint.country rules is  bound  to protect the rights and  interest of the people, while block chain relies decentralization. In which government do not agree with!

[Lynh kolh]

I think they do not really believe in bitcoin because they do not know technology like bitcoin and do not know yet or it can not be said to see directly how bitcoin transactions are created and it is also possible that governments are afraid if bitcoin is used for money laundering.

[Sosad12]

The government does not want any currency that can not be controlled therefore they banned bitcoin.

[Fujiati]

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

the government still does not trust bitcoin because of the untraceable transactions of who sent and those receiving bitcoins. unknowable transactions that make governments do not believe in bitcoin because criminals can use bitcoins to buy things like dangerous weapons, buying drugs and money laundering.

[Arumi.Bilqis]

interesting to talk about the existence of bitcoin so often heard how the government's response which until now has not given official permission about the development of bitcoin and this will be a very interesting conversation why because many countries still prohibit the existence of bitcoin unwittingly actually bitcoin greatly help the country's economy but this is very difficult because every country is governed by the government and many state regulations that must be maintained and obeyed

[Charlie12345]

I think the main reason is Bitcoin is decentralized which no one can control even Government. that's why who are use Bitcoin government can't track them as a result Government can't get tax from them that's why maybe still Bitcoin ban in many country.

[Archduin]

There were two different types of governments, one has understood the need for bitcoin and has a positive approach which has made them adopt it. The second type is the one where the decentralized functioning is mentioned to be a big controversy and stay away from it. Because, they cannot keep it under their own control fearing it might shatter the economy.

[vipaleks]

lately there has been a tendency for the government and bitcoin to find a common language, although there are moments in which there are disagreements