Government and Bitcoin

[Anamika143]

The government and Bitcoin have to talk about something. Bitcoin is an online currency so many people can not believe it. Bitcoin can be used in both good and bad works. The government of many countries believes in good terms and the government of some countries are banned considering it bad. But I think Bitcoin will do better in our lives.

[Sidas_Crew669]

maybe the government has its own reason to ban bitcoin in its country because bitcoin users can be misused for negative things so the government has its own way to protect itself from its cheating.

[Dmitry.Vastov]

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

Everything has its pros and cons and the only cons of bitcoin is its decentralisation that there is no governing body over it so there are no authorised rules and regulations that controls the laws and rules and bitcoin and this is the only reason why the transaction fee of bitcoin is hiking now a days and this is also the reason why so many countries are not approving bitcoin for their nation because they do not find bitcoin to be trust worthy and introduction of bitcoin in their nation can put their national security in risk.

[Aleth]

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

maybe because of bad impressions due to the work of people who used Bitcoin in illegal ways and in scamming people. If that is the case how can they trust it.

[MD Milon]

Bitcoin is a decentralized currency.no one can not control it.government have no authorized body that control bitcoin.also government are fear about fiat currency.but I hope near future,government try to understand bitcoin activities and accept bitcoin.

[jaaeeeyyyy]

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.

I think no, as long as people particularly users, supporters, devoted developers and investors have access on the web, bitcoin will remain to be. There is no way for any local government to effectively stop bitcoin just because of mistrusting from operating because it is decentralized meaning its operation doesn't come from a single point but rather everywhere.

[thankyoulord]

Government do not believe in bitcoin. They can not control bitcoin and I think as a government their duty is to protect the lives and properties of its citizens.

[Elmughni]

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

In my opinion, the government all over the world still doesn't trust bitcoin because the government cannt controll over bitcoin. but, the bitcoin is the future technology, so the goverments should legalize bitcoin and take taxes for bitcoin transactions.

[Hudadahuda2018]

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.

Actually, bitcoin with the government has the same strong cometmen so they sometimes blame each other and they do not combine with each other so that sometimes the government does not accept the existence of bitcoin in the country and sometimes there is a government that inaugurates the existence of bitcoin because the government knows that bitcoin is very useful and profitable for the people. And in essence, trust is needed by them to unite with each other.

[signup01]

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

I know the fear of bitcoin misuse for crime and crime and the government is also afraid of the local currency inflation of the country, my country still allow access bitcoin but still prohibit the transaction directly by using bitcoin currency

[alizalela7]

At present some governments have accepted bitcoin for some other government they are researching to consider allowing legalized bitcoins, and few still are unsatisfied about bitcoin and I think the near future they will be. accept bitcoin

[Ausgewielt]

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

It's not so stable and most of governments are afraid about money laundering act by some people that use bitcoin. Only few countries that accept bitcoin now but bitcoin still in good progress.

[KrishaBitcoin]

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

I think this information should be updated because not all governments or not all nations now are against Bitcoin. In fact there are now more nations that adapt, legalize and regulate Bitcoin like Japan and Germany in which they legalize it then use its potential into the fullest with less to free of Bitcoin tax if the people will use this currency to their spending. If there are nation or government that against Bitcoin but still they are only few compare to those embrace it.

[buternasek]

Well, the governments run on fiat currencies. The government has control on all the economic activities that its own country runs. With Bitcoin, you don't have that control anymore. It's decentralized, the government would never adopt something that goes against its own economic system, banks, ect.

[Dexion]

I think the problem is not about the government's trust in bitcoin.
but the main problem is because of 2 things:
1. governments worry when they receive bitcoin, then the crime rate will increase high.
2. The government is worried that bitcoin will beat the national currency. the result is the public interested to bitcoin and the government harmed.

in fact, all the above problems can be solved if the government manages bitcoin well.

[s100]

yes one of the main reason could be because bitcoin is a decentralized currency , which means that not a single person or goverment can control it, this means that if the goverment cant control it, then the goverment wont deal with it since it gives them no benefit and It is very hard to regulate. Bitcoin would encourage more money laundering due to the anonymity it pvideros. Regular people still don't understand Bitcoin and think of it as some kind of scam.

[mamarried]

People always fear the unknown plus they are not deeply familliar with it, so maybe we must wait a bit till that.

[duc4487]

maybe the govermment can't control btc and crypto,they can tax any trans,the acc crypro is so easy to creat ,they fear organized crime transfer money from this country to that country and  they can't control,i think the main reason is crime and money so easy transfer go out the country

[CoinstarF]

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

because banks have more lobbyist than bitcoin ?

Government and bitcoin has different features . Currency is looking for out growing  investment improving technogies that can make people more convenient while government impossing laws to make people have their free will.

[Commitments]

The government have faced the trouble with bitcoin and they have try to banned bitcoin in their bitcoin and do not now allow the bitcoin for payment transaction. The government have reason to banned bitcoin because it most risk for their people and will be most loss their people money by investment in bitcoin because bitcoin price always low and high and could not take control it. But the government have see the other site of bitcoin could high.