Government and Bitcoin

[samidhu1]

Maybe because it is much difficult for the governments to audit transactions, and perform their legal obligations to the society, and because bitcoin is unregulated

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[wewe123]

The government and bitcoin have not yet come to terms and agreement , like legalization of bitcoin in the country, the government once bitcoin will be accepted will take control and monitoring of bitcoin activities in a certain country. I do not think bitcoin will agree with what government would like to happen to bitcoin, If bitcoin would not agree with terms then government have nothing to do. Bitcoin is decentralized kind of technology.

[DemiGodKaido]

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

The bitcoin doesnt have any taxes thats why the government doesn’t trust bitcoin because they can’t benefit from it

[HighPricebtc]

Bitcoin is really hard to control for countries with weak technology backgrounds!

[sheyicrypto]

Government and Bitcoin. some countries are bitcoin friendly why some are bitcoin foes. it is only some few countries that are in tune with bitcoin therefore bitcoin will strive in that kind of country and vice verse

[KID_28]

When Government cannot put their hands on something, they are are definitely against it. They do not trust soemthing that they do not understand or they do not want to support this because they fully understand what it is and what it can do. Thus, i can say that the  current Government of majority of the countries is afraid, yes they are afraid that bitcoin will be the way that people independently take charge of their money and the government will lose control of it.

[Elviragreg]

It seems difficult to convince a government about bitcoin. Somehow they are sure about the existence of bitcoin, it seems like it takes a long time for the government to believe and accept bitcoin.

[ubander]

Bitcoin is a decentralized currency which means no one can control it not even the government that is why there is ban in some countries because they don't have access to control bitcoin

[doblok]

talking about things we often hear that in my country between bitcoin and government are still disagreeing and deserve to have bitcoin and have a good role in every country but it is very difficult to explain because the government is still questioning its existence and I hope this issue will be soon ends

[vendy86]

I live in Paris. We have already legalized cryptocurrencies and I am proud in this regard for my country. Thank You.

Congratz for your country.
At least the number of government that accepts and legalized bitcoin increase time by time.
I hope more country can find benefit behind cryptocurrency and blockchain.I think if they wanna search it they will find it because there is so many benefit we can get from blockchain technology.

[indriyanti]

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

[isidrorex]

I think the reason why our government doesn't really rely and expect too much on Bitcoin right now is because of lack of knowledge and awareness to the people in the government then therefore it is their job to educate and spread awareness about the Future In Bitcoin and Cryptocurrency. It is important that the citizens and the government are well-educated about the opportunities in Bitcoin so that we can have more idea on how to improve Bitcoin and help other people to have salary.

[CrystalPham]

My analysis gives the result that highly corrupt governments often declare Bitcoin illegal, whereas states with good governance have an extremely legal framework. good with electronic money. Fear of Bitcoins is a network of untrustworthy, decentralized and transparent publicity that may have led many governments to question it.

[Liona99]

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.

[CrystalPham]

Governments in many countries have imposed heavy management regulations on Bitcoin, arguing that it and other electronic currencies could be used for illegal activities. But that is just a phobia for the fact that Bitcoin is an intermediary exchange that is out of their control.

[jamisky]

Government believes in a stable system and bitcoin is a bit too volatile to have the credit of financial institutions across the world not to say the government.

[crisanto01]

Governments in many countries have imposed heavy management regulations on Bitcoin, arguing that it and other electronic currencies could be used for illegal activities. But that is just a phobia for the fact that Bitcoin is an intermediary exchange that is out of their control.

That is right, they are just afraid with the fact that bitcoin will be soon replace fiat and that fact that it can manipulate the price and that people were just fooling around and that they are just wasting their money, well in fact we are all thinking like that way in our time so it is just normal hope that they will change their mind.

[Jody.Drummer]

if you see until now there is a difference of opinion between government and bitcoin and this will be an obstacle for bitcoin holders but there are already some countries that legalize its existence and this is very helpful something to imitate because this country is greatly assisted by bitcoin and hopefully my country soon legalize it and function as a source of state income

[nicster551]

I live in Paris. We have already legalized cryptocurrencies and I am proud in this regard for my country. Thank You.

Congratz for your country.
At least the number of government that accepts and legalized bitcoin increase time by time.
I hope more country can find benefit behind cryptocurrency and blockchain.I think if they wanna search it they will find it because there is so many benefit we can get from blockchain technology.

Very true. What uniques bitcoin and the cryptocurrency is the technology behind it. Its the blockchain technology. And because of it, a quite number of believers and investors are still indeed investing in cryptocurrencies. But unfortunately, some people did not consider it as what it should be and what is its features, like investing immediately because its the trend. It is a very bad action done. Considering the benefits of blockchain technology in the world we are stepping into, it is exceptional.

[pasti kaya]

indeed, the government and bitcoin between pros and cons, some accept bitcoin and some deny the bitcoin activity, and every government has different reasons for the existence of bitcoin. that's what I know.