Government and Bitcoin

[xali]

its not that they do not trust bitcoin, it is because it is a completely different thing than what banks are usually offering (banks are centralized, while bitcoin is totally the opposite from that)

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[mellar1084]

Bitcoin is prone to abuse for illegal transactions, money laundering, and financing of terrorism.This has the potential to cause bubble. Therefore, the transaction of speculative virtual currency values. Not only harm the society later, such transactions can also disrupt the stability of the state financial system,
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 support to bitcoin and I believe  bitcoin was a marketing moneyBTC

[Havva Song]

Governments will never legalize things they cannot control. Except guns. God bless America.
Seriously, I think its because bitcoin is still unstable and far away from being stable, which is also one of the reason why some people don't believe in bitcoin.

[Piggymonster]

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

Perhaps, it is because of the nature of bitcoin being decentralized. Nobody backed the bitcoin and they can't control it. They think it's just a threat that could lead to financial revolution.

[crustycrab666]

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.

Yes, the government can not control and monitor it optimally. So the government still has not found the proper precautions to deal with the possibility of using cryptocurrency for illegal acts.

[Coinhype]

I think the biggest problem why gouverments and other people dont trust bitcoin or cryptocurrencies is, that they have no main head behind. So there no big company behind bitcoin, and thats why they dont trust. Because they need to have someone who can be charged as guilty if something would happend. But they dont understand that these is the biggest benefit of bitcoin. Its not controlled by a company, its decentralized and controlled by the people who are using it!

[paragon07]

becauase bitcoin still a digital currency that can't know how to be legalize in any kind of government in the world. however other country are using bitcoin when paying bill and other things needed.

[Emran4567]

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

[Goozzi]

While we are discussing the next latest central bank which bans crypto trading after India and Iran is the Reserve Bank of Zimbabwe which has given 2 months to comply with the new directives.

Source: https://coingape.com/zimbabwe-central-bank-bans-crypto-trading/

[diickydbo]

Bitcoin and Government is like a man and a woman, if bitcoin matches the existing rules within the country then the Government will accept bitcoin but vice versa.

[jame kotler]

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

[tentara pelajar]

Until 2018 it still happens. But there are some countries that have legalized bitcoin. For countries that still ban bitcoin, the government may not be fully familiar with bitcoin and is not ready to accept the presence of a new technology.

[jeamfpvd]

It is clear that many governments have been open to bitcoin in the past two years, which is the impact of the development of the bitcoin community, and I think bitcoin should be moderately regulated so that the government will not be too exclusive to eliminate some negative things.

[hogriderr]

Bitcoin is considered to have limitations in networks that make it illiquid in other words governments around the world are worried about Bitcoin.

[elemosho.crypto]

Mostly Govts are concern more about security, safety, tax rather than accepting new developmental strategies. It will aaffect them in long run to compete with the developed world. Some can recover with high value payment. But some cannot recover for avoiding the new tech. I believe adaptability is a must thing for the newer development in current days. 

[bayu7adi]

because the view of bitcoin is very bad, even the media write news hoax news for bitcoin
they cause the reputation of bitcoin to fall, when in fact, bitcoin is the result of technological developments
we just need to refine it again

[Yakapo]

The battle between governments and Bitcoins is an interesting one,yet it wil determine the fate of the coin, if the governments embrace BTC then it will be good news for Bitcoins and its investors, if not then we will be on the losing side, and lots of value will be lost

[thenameisjay]

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

I think the government is still having trust issues whether to integrate bitcoins in their economic system due to the volatility. We can't blame them, though. Bitcoins are still crazy volatile that's why they can't have something like thag destabilizing the whole economic system.

[D-cryptoholic]

If governments understand the potential of blockchain they can save a big chunk of their GDPs. Than the funds can be used for the betterment of the society. But despite adopting the blockchain technology they are keep on cracking it down. I wish by 2020 all of the world may shift to the blockchain technology

[longskie0327]

I think they need study first how safe bitcoin to all people who invest or buy btc, and how bitcoin help other people specially poor people, but i think in the future some government accept bitcoin ,,so we wait for that to happen.