Government and Bitcoin

[deepakg2m]

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.

Would you also say that the government is afraid of being destroy by bitcoin as they are totally different from their centralize system.

bitcoin has an anonymous nature that can be used for criminal acts that we do not know the identity. perhaps the government is afraid of using bitcoin because of its anonymous bitcoin properties.

 I agree, the rumors about its illegal use are undeniable. So it is hard for governments to accept it at once. But i don't know why the government does not understand that fiat is also being used for illegal purposes and in fact much more that BITCOIN.

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[Lambe Ndumble]

It's time for the government and bitcoin to cultivate the lives of its citizens, I'm sure that if the government legalizes bitcoin then the economic life will improve and certainly reduce the poverty and unemployment.

[Kim Domingo]

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

I think it is not that government do not entirely trust Bitcoin. Maybe it is just that they are thinking that their people as well as their country are not up into using Bitcoin. It is because there are many things that are need to be consider for them to be able to be convinced and decide whether to accept Bitcoin or not. With our current stand in Bitcoin that many people are ruining Bitcoin's reliability and image, the government are seeing lots of reason not to accept Bitcoin which we must not blame to Bitcoin. If we want to convince the government, we must fix ourselves especially our behavior beyond using Bitcoin that it is a good help and not a total distraction that can affect people's behavior and productivity to eventually help the economic state.

[Stromspirit]

The Government also needs to control the activities of bitcoin itself because bitcoin can not be controlled and does not have owners who must be asked to be accounted for if the financial turmoil around the world. only can unite if bitcoin come to embrace the government and even the community itself all over the world.

[Ngewex Yuk]

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.

Would you also say that the government is afraid of being destroy by bitcoin as they are totally different from their centralize system.

bitcoin has an anonymous nature that can be used for criminal acts that we do not know the identity. perhaps the government is afraid of using bitcoin because of its anonymous bitcoin properties.

 I agree, the rumors about its illegal use are undeniable. So it is hard for governments to accept it at once. But i don't know why the government does not understand that fiat is also being used for illegal purposes and in fact much more that BITCOIN.

I think besides being feared for illegal transactions is a very fluctuating bitcoin price that makes the country think that bitcoin like speculation and gambling makes it difficult to legalize.

[Becase]

I think for now bitcoin is growing strong. has many benefits, many people get rich from bitcoin. But many people, many governments still have doubts about it. Many governments do not accept bitcoin, because they do not understand what bitcoin it is.

[Sidas_Crew669]

The wrong statement, because not all governments around the world still do not trust bitcoin. just some countries.
It is difficult for them to trust bitcoin, because of the difficulty of controlling bitcoin transactions, because until now there is no single institution or government that can control bitcoin, because bitcoin is done feer to feer.
Let alone the many negative issues about bitcoin that call bitcoin is a bubble that can break at any time.

[Karakyli]

 Central banks of developed countries and leading experts warn investors to stay away from crypto-currency and do not trust them, arguing that this is just another "bubble". Nevertheless, in border markets, people, on the contrary, turn to bitkoynu precisely because they do not trust local bankers or the state itself.

[Marry Finch]

Already today blockchain technology is used everywhere, and the governments of some states decided to closely study the use of this technology in public administration.

[Rakabel619]

Hello. I think most countries do not trust bitcoin because they can not control them because of the variable bitcoin value. Governments will not be able to control bitcoin as this will lead to conflicts between countries due to the interests of the respective countries and the unstable value of bitcoin

[brightamo]

Bitcoin transactions can't be traced or tracked by government so it makes it tough decision for government to give it full support.something it suspect is been used to finance money laundering and financial terrorism.

[Dne work]

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

In my opinion, different countries have self-government and I can say that they have different ideas and descriptions in many ways and the bitcoin system is one of them. We all know that there are some countries that adapt to bitcoin and some others still ban bitcoin. The reason why some of them do not trust bitcoin and the main reason is they can not get into the risk, because bitcoin has high volatility.

[spartanrules]

If government would regulate this new sphere and can earn big profit. I think in the future (next 3 years) some governments will accept it as payment tool and also will participate in trading to make money as a marketmaker. That's why the question "why government all over the world still doesn't trust bitcoin?" is a temporary.

[Maveric99]

certainly the government wants to protect the public for their financial losses if there is no guarantee that all even the government itself can not control. the government needs to mengtrol it all if bitcoin can embrace the government disetaiap state then it will be a better cooperation for bitcoin and the public, of course.

[hynext]

Because it's decentralized and anonymous so government won't like of it. And many scammed people out there that they used the name of bitcoin, so the government don't trust bitcoin or cryptocurrency. We can support bitcoin and spread to people by telling them that bitcoin is real and not a scam. The government needs to regulate everything but bitcoin can't regulate. Maybe in the future the government will trust bitcoin if many people used it.

[DavitRoi]

 Government all over the world still doesn't trust bitcoin because of some people who use bitcoin for illegal work ,like money laundering and others illegal work.But bitcoin can be use for legal work also so we have to use bitcoin as alegal think .

[Core.BUSTER]

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

I think the government has a reason maybe one of them is bitcoin is a currency that is not yet known by ordinary people, and maybe the government is also afraid of fund raising for criminal acts because bitcoin has not had security inside

In fact, many things make governments afraid of bitcoin, especially in terms of investment. so in my country, they warn not to invest in bitcoin, because it has a high risk. but, they said they did not forbid to use it, just warned.

Here in the Philippines 2 weeks ago the government headlines news about the scammers of bitcoin there is lot's of victims that's why the government notice to the public to be careful to join in investing in  bitcoin cause some of people use name of bitcoin for bad intentions.

[al maruf]

The government and bitcoin have made a big wall of this saying. The reason for this is that, as Bitcoin's position is only online, in fact it is not. And there is no specific owner. And the government can not monitor Bitcoin at all. The government of many countries fear that Bitcoin may be used for rustic purposes. Anything bad has two good things, so do we tie well?

[Ghayoor]

Bitcoin transactions can't be traced or tracked by government so it makes it tough decision for government to give it full support.something it suspect is been used to finance money laundering and financial terrorism.

there are some countries who are accepting bitcoins and some of them they ban bitcoin but i think all governments will accept bitcoin soon because bitcoin is playing avery big role in economy of many countries.

[mkcjeewantha]

as i think, still bitcoin is at the primary stage as a currency that's why governments hesitate to believe in this! also, there is a great potential in near future they will understand the capability of this currency system and they will have to agree with this!