Government and Bitcoin

[jessequick]

First bitcoin is new,anything online government hardly trust it, then I will say they don't have power to control bitcoin.

[ekeh]

Bitcoin has many functions that can not be explained in one direction's and is highly working perfectly online trading and investment in which the demand is always high and that is why government are attracted to take investigation on Bitcoin and other crypto related.

[mohor]

It may be very tough to alter. Bitcoin might inspire extra cash laundering because of the anonymity it gives. Regular people nonetheless do not apprehend Bitcoin and think about it as some sort of rip-off.

[Considered]

The governments and Bitcoin have been for a long time locked in a battle t determine the fate of BTC, some  found wys of containing b=BTC and has now embraced it and now BTC freely operates within their borders, some countries are still yet to come to terms with BTC there for limiting its operations, there are policies guiding such decision making process which is why some legalize BTC while others don't

[laserfocused]

Because it can threaten the use of their currency which gives the government less control over trade.

[Sumo]

Bitcoin is very young, and most of the rulers are quite conservative, and it turns out a conflict between the new and the old. Therefore, the government is still suspicious of the cryptocurrency.

[$$$sparkles$$$]

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

It's not that the governments do not trust Bitcoin, it's just that they could not find a way to fully control it. Bitcoin generates billions of dollars in the crypto market. And the governments being as greedy as they are, would want to manipulate this system. So they resort to imposing regulations related to tax so that they could have a hand on it. This frustrates them a lot because they are used to being able to control or manipulate anything they set their eyes on.

[drukoz2]

Bitcoin can disrupt the usual system of state structure, and not all rulers are ready to do it now. They're still looking at the cryptocurrency.

[yansen]

it's very simple for government don't trust bitcoin.
1. bitcoin is a decentralized technology and is anonymous though transparent, so the government can't control and regulate its rotation.
2. because of its anonymous system, bitcoin is widely used for crime. so the government does not believe in bitcoin.
3. bitcoin has a very fluctuating value, and the government does not want to take a big risk to trust bitcoin.

[olegblinov86]

Due to the fact that bitcoin is decentralized, it does not allow total control over itself, which the government does not like, so the authorities are trying to maximize the time of adoption of the crypto currency or even to prohibit it.

[Lazada]

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

It's not that the governments do not trust Bitcoin, it's just that they could not find a way to fully control it. Bitcoin generates billions of dollars in the crypto market. And the governments being as greedy as they are, would want to manipulate this system. So they resort to imposing regulations related to tax so that they could have a hand on it. This frustrates them a lot because they are used to being able to control or manipulate anything they set their eyes on.

Taxes have become a problem faced by the government in handling Bitcoin problems. Because we all know that the volume of transactions owned by Bitcoin is very large. There should be a regulation first so that such a tax could be well regulated. Without regulation then this could be a mistake, it could be everyone buying bitcoin for tax evasion purposes. This is a problem and now the government is working hard to think of the best option. We must wait and convince the government that Bitcoin is a very important thing and must be well regulated.

[miyong]

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

Because bitcoin is unstable and uncontrollable.  They cannot handle the online transaction.  I guess that is the main reason why bitcoin is not accepted in other countries.

[Peter Coresi]

Lots of people don`t have an idea what btc is and even investors who invest in here don`t have an idea what they are doing which is a huge leak and the misleading information and volatility are supposed to be the main reasons.

[bitzizzix]

I am more interested in why the government forbids bitcoin.
In my country about bitcoin still safe and still allowed, and at that moment on the news that the government in my country has banned bitcoin but in the end still can be used. In fact, bitcoin is not a criminal or it can be harmful to those who use it and really bitcoin greatly helps his life get better for those who use it and can prosper the country for governments that legalize bitcoin. but I do not understand and what is the reason the government forbids bitcoin entering his country.

[popoyuyun]

The government and the bitcoin are always compared, because there is a lot of news that the government is banning bitcoin in some countries. But there are also countries whose governments allow bitcoin in the country. Maybe the government that banned the bitcoin did not want to risk that bitcoin would disrupt their economy.

[Escan0r]

The government does not want any currency that can not be controlled therefore they banned bitcoin.

[basyang]

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

It depends on the government officials and I think they also study or research the theory about bitcoin, why bitcoin is also unstable, why it became high price and drops down, before they fully trust it. We can not blame them to untrust bitcoin because of the news lately about the fraud and scam in bitcoin because of the wrong doing of some bitcoin users.

It was so sad to hear that some bitcoin users did not contented in earning here, they just want to fraud other people to earn more money. And because of that all bitcoin users here is involved. It

[quirman77]

I think this is because governments around the world do not yet have regulations that can regulate bitcoin. because we know together invest in bitcoin have a high enough risk.

[LigwagGanern]

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

In my opinion I think one of the reason why government still doesn't trust bitcoin because of the tax of it. The bitcoin tax is free, yes it is a tax-free so that if government accept bitcoin in their country they will think where did they get their fund or money for they projects and activity. Of course they need tax to have money to do what is their plan for their country.

[sneeze11]

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

I think government didn't accept bitcoin because they still think that there's a possibilty that bitcoin or cryptocurrency can make our bank disappear. Actually there's a hor that government will accept only bitcoin when bitcoin have a tax but for me it will not happen.