Government and Bitcoin

[Chopmoney]

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

[JiuMiBe]

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.

[pilnenkii]

The government and bitcoin ... it's not compatible at all! I personally think that the government of the states will not take bitcoin in great measure.

[davison2]

I think generally, the government is so used to being in command of everything in their jurisdiction and it just happens that bitcoin is outside their command. So they're scared because they can't really control it.

[threegods]

I feel government is doing this probably to avoid money laundry for some people who want to cheat. but they can not end bitcoin

[brickafterbrickwalldpt]

Relations between governments and Bitcoin are complicated and it won't change anytime soon. However, there are a few countries which seem to understand the potential of Bitcoin. Governments are connected to banks which don't really want a competition. Cryptocurrencies allow each individual to become their own bank and make anonymous transactions without fear of having transaction blocked or monitored by a third party. It is still not perfect solution, there are many problems to solve but keep in mind that the first cryptocurrency was created less than 10 years ago.

[Gudhal Untu]

I think the reason is since bitcoin still ongoing development. So there will be many incomplete features that cause instable price, hacked,etc.
At least what can we do is waiting until it fully develop

As long as the government does not want to legalize bitcoin it is not possible for bitcoin development to improve, I hope with the many benefits we can get from bitcoin then make the government create a special team to make regulation about bitcoin.

[marcuslong]

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

There are some countries that government trust bitcoin already like here in my country bank already legalize bitcoin even though bitcoin is not that old enough to trust but they really see the real potential of using it. Secondly senators now are using bitcoins too other are planing to make an alternative coins where they wanna launch it this comming month if it is already finish. However they didn't expect that it will support by people because most of people in my country are using bitcoin to scam.

[emerejames]

that is because majority of individual are still doubting bitcoin. But there are some country that are accepting bitcoin already .   who are the government?  i strongly believe that we human being in the country are the government, if people as an individual find it difficult to believe it then government cannot believe it too, so all we need to do is to create the awareness, organize a seminar and lecture to educate people about bitcoin. 

[hcoin01]

The governments are against bitcoin. This is real. There are also certain reasons for this.
With the Crypto money exchange, we can transfer money whenever we want anywhere in the world. It's cheap, reliable and fast.
Government banks are disturbed by the fact that there are few commissions and taxes. The government is against the transfer of money.

[Oppang Inamo]

Because bitcoin has still have to prove something to goverment and the fact that bitcoin gives anonymity to its users is something that the goverment will consider to not accept it. Though being anonymous is really great for us because it also except us from the tax with fiat transactions still it is very dangerous to some bad people who only uses it to hide their evil transactions such as buying drugs or even evil services through deepweb.

[nmax21]

The government of many countries is not ready to change the economy of the country so quickly and drastically, it is a long and painful process. some countries understand that using bitcoin and blockchein technologies can improve the economy, and some have not realized this.

[sulec70]

The government doesn't trust Bitcoin because it is not created by any central bank nor regulated by any government. Accordingly, there are no bank, government tax agencies and police can track your money. As an unregulated money, it is a real threat to government control, taxation and policing. Indeed, bitcoin has become a tool for money laundering, terrorist funding, buying drugs, weapon or used for criminal purpose. The value of bitcoin can fluctuate sharply, up or down because of high transaction volume or purchasing volume from investors. It is a high profit and high risk business

[JynlKi]

Because it's still new. And actually a solid percentage of bitcoin users still don't 'trust' bitcoin. Bitcoin is not easy to control. It's not a matter of trust but a matter of control.

[SabrinaBianka]

In my opinion, That is not really easy to trust on bitcoin. Its like finding a good friendship. But government doesn't want to trust on bitcoin because bitcoin can be take the money in all country. Example, If country have trust on bitcoin people will taking advantage also a bag holders. Its like here in the philippines, The other people from the other country was came here because bitcoin is semi legal, You know why semi legal not totally legal? Because bitcoin here can be change to a real fiat (peso) so the other people, illegal bitcoin on their county will come here and used bitcoin.

[Ismat Morshed]

The government doesn't trust Bitcoin because it is not created by any central bank nor regulated by any government.I hope with the many benefits we can get from bitcoin then make the government create a special team to make regulation about bitcoin.If government will allow bitcoin,it will be benefit for our country's economy.

[enthusia]

Its not the bitcoin itself that they don't trust all along, for me. Perhaps those people who are using bitcoin in its altered purposes. People tend to use bitcoin to accomplish their self-interest and that's what the government wants to avoid.

[Findingnemo]

Because it's still new. And actually a solid percentage of bitcoin users still don't 'trust' bitcoin.

Yes don’t make a hope on bitcoin and it is just like a luck and good time based earning so many times it will not work for all people but if you had good time it will gives you a huge profits.

[Choyor]

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

Various reasons come from the government why they are not interested in Bitcoin, their core wants to be able to control it on the grounds that Bitcoin is vulnerable to abuse especially by bad people because Bitcoin is anonymous so the government or any organization can not detect it. I think that's it.

[Ariess]

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

I think the problem of banning in some countries is not a matter of trust. but on system and banking issues. and several factors on crime and terrorist funds. this is a crucial problem. so not on mistrust.