Government and Bitcoin

[tomir]

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

Over the past 3 years, the situation has changed a little. The government of different countries allows the use of bitcoin, but introduces control over the cryptocurrency. I'm interested in what will the control in the world of cryptocurrency lead to?

[16sept]

bitcoin is a digital currency . it is money in the digital world. inorder to make it stable currency it should be utilized by many number of people for a longer time. when something becomes famous it is automatically used by several other people. the government will recognize its value when the whole world starts using it and hence it will be stable.

[Nolivelasco13]

Because the legislation of any country is not sufficiently developed and does not greatly extend to the Internet settlement.

[tokenomics]

That lack of central authority is the primary reason governments are afraid of the cryptocurrency. If bitcoin or another cryptocurrency become widely adopted, the entire banking system could become irrelevant. And I think this is something governments are hesitant greatly in terms of acceptance.

[Larrycool]

Its simple, Bitcoin is decentralized , so no government has control over it and can be operated world wide electronically.  Only the buyer and the seller knows about the deal. Some governments are trying to put some regulations to operate in their country. Most of the technically developed countries are welcoming bitcoin to operate it parallel markets already.

[Md.salauddin]

bitcoin is fully based on trust like government, we just need to trust on bitcoin and it will make our life style easy and also it can help us in may ways.

[jakoylantern]

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

For me, some government sectors in this globe will not trust bitcoin because of their laws and rules. We all know that they have the sovereignty to do it if bitcoin is disobeying their laws and regulations they can prohibit bitcoin into their state. Why until now there is some government that still doesn’t trust bitcoin because bitcoin’s capability is superb that can transact your currency anonymously, and some evil people take the advantage to do their illegal work like buying and selling drugs. Also, the other factor is accessibility even we can obtain bitcoin in many different ways we know that government sectors can’t control bitcoin that’s why they don’t trust it. 

[rc411]

Because the goal of bitcoin is to remove all banks. And every country has it's own bank that  profits for it. Primarily, you don't want anything that aims to remove your work from you.

[DoublerHunter]

Government and Bitcoin are different because government is centralized and they have the control of their nation because they can just order something and the people will obey while bitcoin is offering freedom because of the decentralization where people can take advantage of and use it for what they want.

[Arlibtchunt2018]

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

I think it is not the trust issues mate. All over the years that bitcoin exist in has already proven that btc has the capability to stand on equal ground with other investment  but due to rampant scamming issues which lead the government to prevent their people on lossing into investment which can be prevented by doing thier action this days.

[emanjun]

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

I think not all governments are against to bitcoin and as I observed bitcoin is well accepted in my country and in fact even senators are using it.

[pencuri hati]

government and bitcoin have been discussed about this because every country has bitcoin regulation, some countries accept bitcoin and some others prohibit bitcoin activity.

[sammyp]

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

It’s not all governments which do not trust bitcoin some governments actually support it while others haven’t taken any measures towards it.. Maybe those who do not trust bitcoin see it as a potential threat to their economy.

[SMD.Shuvo]

Some countries have bad ideas about Bitcoin. The government of some countries thinks Bitcoin stole money or people through it. This is a complete misconception. Only they know that Bitcoin plays a very good role for the country.

[Keyboard PC]

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

I think many bitcoin traders are scared with the government because I think the government can and powerful to destroy bitcoin prices by giving some bad news that makes bitcoin to collapse.

[Et Hereum]

Some government has its own reason why they still dont trust bitcoin.Bitcoin is anonymous and government cannot regulate bitcoin that is why lot still dont legalize bitcoin.In the near future many countries will legalize bitcoin because it is one means of generating revenue and taxes.

[Genamant]

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

I think it is not about trust. It is just hard for them to accept things that they cannot control and they cannot monitor the ins and outs specially big amounts of money from bad people. Money laundering to be exact

[Lalafell]

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

Cause the government taking care his people from all scammers cause some people using name of bitcoin for bad intentions. Many of the investors not taking a seminar or training in how to invest in bitcoin. I think this is one reason why government did not trust in bitcoin.

[lara59236]

Why leaving els coin after we trust you

[Choy13]

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

I think not all government against in bitcoin. Maybe some government are just being careful because of the investment due to scamming issues which lead the government doesn't trust bitcoin and they are preventing their people to invest in it. Also, some government has its own reason why didn't they using it.