Government and Bitcoin

[emezh10]

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

That is perhaps because of multiple positions of government officials in terms of economic development. Governments around the world differs in forms and economic system.Some of them think that they are not suitable to adopt the technology of bitcoin for national progress. But, well in fact, many developed countries in the world already accepted blockchain technology to roll in their market. And it does prove to be potential and healthy.

[Stormyblue]

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

The governments are alarmed by Bitcoin, however I believe that they are not aware of its revolutionary power. Sooner or later as more the patronage of Bitcoin increase there won't be other options but for them to accept it. The issue here is that they can't control it and it could gradually render fiat currencies useless.

[untugede]

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

every government must have its own reasons why it can not accept bitcoin in the country, the government can not control bitcoin, of course this may be the reason to think about it, but at least in some countries have received bitcoin, and can be used as a means of payment, hopefully other governments can also legalize bitcoin for its citizens ..

[boty]

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.

[terbetet]

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

It is not because the government do not certainly trust Bitcoin. It is just they might be thinking and seeing it into their own perspective that there are many considerations that are needed to take over if ever they will allow Bitcoin usage so in such way of advance thinking, or we can say overthinking, they might perceive that depending on the state or country they are into, Bitcoin usage will not be applicable or suit for its people because this might lead to certain complications that involves human behavior because they might be seeing Bitcoin can affect its people's productivity because maybe its people will just choose to work into earning Bitcoin rather than working into their physical job which may affect its economic stand.

[chathumal4784]

Hi,


                     Accoding to my knowlage the bitcoin is a digital currancy that the banks what exactly the money will be
   come or not to the bank .And another one is the banks donot like to go money from there country to another country
   they like to keep in there country
                                                                                                                                           
                                                                                                                                     Thank You reading,

[Jacsnuffles]

Because it is unregulated. It can cause good fortune to others but some use Bitcoin for fraud, for illegal purposes, and a way of a transaction to drugs. You can't blame them. It is their role to regulate peace and order. Bitcoin has a lot of advantages but we can't deny the fact that it also has disadvantages. But I hope that this matter can be fixed.

[TERA]

I think that governments have grounds for this. In fact, bitcoin is not trusted by anyone, because now bitcoin is used only to earn money! The cost of bitcoin can collapse at any time!

[Sam San]

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

every government must have its own reasons why it can not accept bitcoin in the country, the government can not control bitcoin, of course this may be the reason to think about it, but at least in some countries have received bitcoin, and can be used as a means of payment, hopefully other governments can also legalize bitcoin for its citizens ..

why should States legalize bitcoin, and even more so to build government plans taking into account bitcoin. it is unlikely that someone in his right mind will want to be a hostage in someone else's monetary game.  its state-controlled inflation is closer to them than other people's predictability.

[oniracnai]

I think it is because the economic factor that the government will face. Example bitcoin is now a very big industry, the income will be so big so that cryptocurrency will be the beneficiary of the tax in profit the government have no effect. Or nothing will be given to government. So that government have no profit in people who have the income.

[aryadiningrat123]

The Government Banned Bitcoin Because Bitcoin Is Not Held by Any Country So The Order Forbids The Hard Citizens To Use Bitcoin Because It Does Not Have The Unsul's Clear And For Those Bitcoins That Are Very Illegal

[kingkongcorp]

They Do not Believe in Bitcoin Because Bitcoin Has No Clear Origin So The Government Banned To Bitcoin In Its Gun "

[Pemburu dollar]

Many people are still aware the name of Bitcoin and the many governments thinks that bitcoin will damage their system. Here in india bitcoin is not legal or not iillegal but Indian government prepare to ban it.

I think Bitcoin is a more sophisticated revolutionary invention and safer crypto currency as time passes we will see more adoption about Bitcoin.
we need more public awareness about Bitcoin and spread the word on social media and other platforms to let the world know

[nanda1280]

The government announced a severe ban on the use of virtual currency (cryptocurrency) such as bitcoin as a means of transaction and payment in Indonesia. The Governor of Bank Indonesia Agus Martowardojo warned people not to trade or buy bitcoin, because no regulatory body supervises bitcoin, making it vulnerable to risk to the public.

[Yarsk]

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

Why because government across the world lack the capacity to control bitcoin and at that their feel that allowing bitcoin and a legal entity may result into something terrible that their might not be able to control. And again bitcoin with it decentralized nature can not be subject to the third party procedure that the countries financial system is operated on.

[ongkok87]

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

The reason why some governments are against bitcoin or fear bitcoin is that is not something that is directly within their control. What the government cannot control, it fears. The government prefers what they can control like they do with their Central Banks, can create or print money at will without recourse to anyone. Bitcoin is decentralized and derives its power from the government

but if I think why the government is afraid of bitcoin it is the government is afraid that later with the bitcoin it can be misused to people who do not want to be responsible. such as transactions of goods such as drugs, firearms and can raise terrorism in the presence of bitcoin. because bitcoin is a quick way to get fund or money

[ericmalik]

will,governments are afraid that banks will lose their customers,so people can invest in bitcoin without paying taxes the banking system is compromised.

[Udrujec]

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

I wouldn't call it distrust. Rather, governments are acting in their own interests. Trying as much as possible to bite off a piece of profit from digital currencies, while it is possible and easy to do.

[Dondisimo]

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.

[udivkx]

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