Government and Bitcoin

[zafaryaqoob]

Trust comes with understanding.

I'm Agree with this RodeoX quite.

[Ariess]

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

I think not as you say, but more on for prevention. as happened in some countries that prohibit it. the most crucial reason is, terrorist financing, drug deals and bitcoin are bubbles. this is the reason that every country often bans it.

[Morning honor]

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

I guess the Government is just doing their job as a government. There are some aspects they consider to protect their country and the people as well. I am not saying that bitcoin brings harm to people. We all know that it is very helpful. But we don't know their exact reason why they do not accept bitcoin, we need to respect it.

[elimi]

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

The government is doing this probably to avoid money laundry for some people who want to cheat.

[pekavcilar01]

Your government is against bitcoin. There are certain reasons for this. The most important is the commission and interruptions. Money transfers in Crypto exchange are both fast and cheap.
The government thinks it is not legal because it can not follow the money transcripts.

[Liona88]

The concept of bitcoin is new to many countries..so they don't trust it.. And if the Government is corrupted then they will never accept the bitcoins But i think Government should get involved into bitcoins and start adopting and accepting it and also make aware the society about it.

[princeyeboah]

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

Not all governments distrust bitcoin. For those who do, they are not so convenient with the principle with which bitcoin operates. The decentralization of bitcoin takes the power back to the people in terms of their finance transaction which no more becomes a subject to third party interruptions as seen with the governments and banks.

[batang_bitcoin]

The government is doing this probably to avoid money laundry for some people who want to cheat.

But they also know that their own currencies were also used for money laundering.

This thread was made on 2015 and same thoughts are coming out from those times until today but there are good events that happened for the past years. Some countries do accept bitcoin and legalized it, in short there are now countries that are trusting bitcoin.

[MilkBi]

There are now a lot of the Government banned using bitcoin because they fear criminals use it with negative intent, but I think there are also some Governments accept bitcoin and let people use the bitcoin, so it bring good benefits and resources live more fully thanks to bitcoin.

[Hudadahuda2018]

It is very hard to regulate. Bitcoin would encourage more money laundering due to the anonymity it provides. Regular people still don't understand Bitcoin and think of it as some kind of scam.

Yes it is true what you say, a normal person is difficult to understand about bitcoin so us as bitcoin users should be more understanding with the ordinary people because sometimes ordinary people can commit crime and sometimes he can do good things, in terms of following bitcoin to understand.
Just like a government whose thinking is too self-centered and self-contained, he may dislike bitcoin and sometimes he likes bitcoin and even bitcoin can be inaugurated by the government because he likes it.

[phucdienthoai]

Actually a solid percentage of Bitcoin users don't trust governments.

[CrystalPham]

Highly corrupt governments often declare Bitcoin illegal, while countries with good governance have an extremely friendly legal framework for electronic money. Fear of Bitcoins is a network of untrustworthy, decentralized and transparent publicity that may have led many governments to question it.

[pabpete]

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

Not all governments distrust bitcoin. For those who do, they are not so convenient with the principle with which bitcoin operates. The decentralization of bitcoin takes the power back to the people in terms of their finance transaction which no more becomes a subject to third party interruptions as seen with the governments and banks.

Governments around the world have signaled their ongoing or imminent intent to legislate and regulate cryptocurrencies around the world, and it seems the largest banking and financial firms are waiting for more clarity before they forge ahead with plans to enter the market.

[mboot]

The government suppose the cryptocurrency are used only for bad purposes

[komatovo]

The government suppose the cryptocurrency are used only for bad purposes

Opposed to a decentralized and anonymous system, the creation of a cryptocurrency that governments can control is their only option to wrestle back some semblance of ‘control’ that has been handed to the everyday man using cryptocurrencies.

[mladakar]

They do not trust bitcoins because:

1) There had been a number of similar online scams in the past.

2) They fear that it will replace the official currency in their country.

[Dimon8]

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

Not all governments distrust bitcoin. For those who do, they are not so convenient with the principle with which bitcoin operates. The decentralization of bitcoin takes the power back to the people in terms of their finance transaction which no more becomes a subject to third party interruptions as seen with the governments and banks.

Governments around the world have signaled their ongoing or imminent intent to legislate and regulate cryptocurrencies around the world, and it seems the largest banking and financial firms are waiting for more clarity before they forge ahead with plans to enter the market.

Governments around the world often make similar statements, but no concrete action is taken. They want to regulate in such a way as to have the maximum profit from the turnover of the Crypto currency, but this is not easy to implement.

[Sofiamnc]

As many here have already said, one of the motives is the trust, which at the same time comes with the knowledge, the understanding and the acceptance of a certain thing, in this case the Bitcoin. Probably many aspects of cryptocurrency are yet to be understood and accepted. In addition, the Government for several reasons (good and bad ones) likes what it can fully control .

[Ikbal Naiem]

Most of the country in the world 's  government and bitcoin are contradictory part .  It has some logic , bitcoin is new, already millions of person know it but transparency level is not high . To control a country economy have to maintain some rules and regulation . So governments try to understand its activities. I hope nearest future bitcoin leads the country .

[Sihab76]

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

Bitcoin and government two fital elements in crypto currency world. Some government believe bitcoin and some governments completely opposite in bitcoin.