Government and Bitcoin

[shata]

Is there any problem with the Government and Bitcoin itself? Technically, their isn't. We must always remember that Bitcoin is a decentralized one, which means no one owns it, no one controls it, or no one even can manipulate it. So yes, Government should not have any problem at all with it. Yet as time passes by, bitcoin has become more than its purpose of existence, beyond from being a medium of remittance without any third party involvment, a investment. One thing I can only assure why some Government do not trust or believe in bitcoin is that it is on the underground economy, it means people or citizens of certain country gains money without any paying taxes.

[Ehrakeziah]

I believe that time will come ,there will be a good things happened between the bitcoin and governments in many countries. Legalization of bitcoin will be settled,and many people will be benifited.

[Pinkris128]

The battle between Bitcoin and government has lasted for so long and it continues as there are attempts by the governments to control the free and independent Bitcoin, Most governments are yet to give it green light, but some have moved ahead to give it the green light

I agree, there are some government who accept bitcoin and there are some who did not. Government and bitcoin was kne of the great issue that we are talking here in the forum because there are good and bad possibilities that may happem. Just like what happen to other country it was being banned by the government.

[Btcmarmipp2]

Well, the government still hold the rights to protect of every investor in the country that the economic will be stable. While Bitcoin hide the identity of each user to protect investor from the government who want to tax it.

[samantadegrenet]

In my opinion the problem is not that the btc is a new tool. Governments are worried that the BTC is anonymous and can not therefore be governed by current laws. It takes a new paradigm.

[jrg_214]

Functions are still not quite reliable and still has a risk not good for people who cant immediately buy them.

[boddy.dy]

Government and bitcoin and other crypto currency is the most intense topic to talk about right now in crypto currency world. Many crypto currency user like bitcoin are watching to the movement of the government’s maybe because this affects a lot with the price or value of bitcoin and other crypto currencies. For example if one government says that they will close crypto in their land surely all the users in that country will sell their crypto because of fear of losing a lot and if they will do that surely the price or value of the crypto will move. 

[David Vo]

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.

[Jcabudx]

You can't blame government for having issue about bitcoin and not trusting bitcoin. But don't worry because in some country they are slightly accepting bitcoin and also some country made bitcoin legally for the sake of all user in their country. Maybe someday in all country it will be legal.

[jjoshp1]

It's a very old topic, wich is still up-to-date. So its difficult to say, who's gonna win in the end 

[Mr.grin]

in some countries, there are governments that support bitcoin, because they feel that bitcoin is a digital asset that needs to be developed, because so much demand comes from outside, providing evidence that bitcoin is very good for a development. well, but some countries do not think like that.

[bitzizzix]

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

Government and bitcoin are something familiar to talk about, and until when governments and bitcoins are united for the welfare of their people.
because there are always pros and cons to receive bitcoin in this country and there are also some countries that accept and trust bitcoin, and all that is done for the good of the Society because bitcoin can be profitable and also can harm them but it all depends on those who use it.

[happistarjp]

I think there is really a problem when it comes to Bitcoin and government. Some countries still do not allow bitcoin and any other cryptocurrencies in their territory. Just like in Macau, considering that there are a lot of casinos there; still, they don't allow bitcoins to be used in their country.

[jeepuerit]

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

Many governments are avoided by bitcoins, as they know many people to make their lives easier with Bitcoin even at home, many government workers can stop work. Bitcoin is used by many entrepreneurs to make big investments, and used to trade in different currencies, making Bitcoin to make the lives of many people.

[Djbeats]

many government can't accept bitcoin, because in their belief, bitcoin is a scam. but many government can accept bitcoin its because of the high value of bitcoin. and bitcoin can help the governmet to grow up their economic

[Sam San]

I think because bitcoin is unknown to its creator, no one is responsible for bitcoin, has no regulation and rules, very fluctuating bitcoin values so at risk of loss, bitcoin is anonymous, and bitcoin is widely used for criminals. maybe this is some reason the country / government does not trust bitcoin.

You really believe in the ananimity of bitcoin accounts, as long as it is imaginary and there are ways to establish who and when used this account, and if the account is put under monitoring, it is easy to find its owner. tembolee now many themselves reveal data passing KYC.

[Jay Jay crypto]

Governments may fear Bitcoin because its value is determined by users and not central governments or banks.

[addeqt]

I bet they trust it, they just don't want to endorse or tell to the people that bitcoin and other crypto is good. why? because they are the one who will be blame if the system didn't go as what it is planned. Besides there a lot of ICO that ended in negative feedback than those who got it right. So If you are one who want to invest in crypto, better trust mb8coin. It partnered in different famous hotel and travel agency which process all those rewards points given to customer who reach a certain level of commitment in the service of those company.

[iyan33]

I think with the rapid development of technology, the existence of Bitcoin must be widened. Born in 2009, changes in digital currency technology that Blockchain this continues to evolve, "he explained.

he pointed out that one of the largest entertainment companies in Japan, which DMM directly respond to use Bitcoin for the transaction of products and services. not only Japan, Luxemburg some time afterwards has legalized one of the giant Bitcoin exchanges named Bitstamp to operate in Europe.

he further said Britain was not behind, by the end of the year agreeing to spend $ 14.6 million to build a special research institute focused on the development of digital currencies because the country is believed to be Bitcoin technologypredictably will revolutionize the world, just like the internet.Secretary General of the Association of Digital Entrepreneurs of this government suggests that entrepreneurs and the government should not hesitate or worried about using Bitcoin. The reason is because basically Bitcoin can be studied and applied technology to support work system efficiency.

"We look at the existing regulations in Japan and the UK, BitLicense appears to help KYC regulatory enterprises (Know Your Customer) and anti money laundering in business

[BillyTalent]

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

Since it can be a great destruction of the economy of a country or government, so long and do not introduce them officially in many countries, I think it is because of this.