Government and Bitcoin

[Glorypaasa]

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

Because it affect the economy and they don't know how to put a regulation on it. The government always alarm people to not use this kind of technology because some of the users of bitcoin used bitcoin to scam people, Government know about the illegal transaction on bitcoin world like buying drugs and etc. , So the government spread negative news about bitcoin so by that they can discourage people.

[Redhead5]

I think Bitcoin is a big help in government because of its features  and it is easy to trace transactions .

Agree. With bitcoin presence in our country some people are using it in any transactions like paying bills, online transaction payments and etc. With this, it really helps to our government because people are get income from bitcoin that improves our economy through tax payments in every transactions made.

[coinmaster241]

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

Actually not all but partly, I think maybe based on consideration of government or indeed government hasn't understood benefits of bitcoin and its benefits for life of the future. we see japan -> they are aware of the technology and future life that will progress more in terms of fast, efficient and other transactions that enable real future

[kidoseagle0312]

Its because the decentralized nature of Bitcoin, the government can't control or touch Bitcoin if its stays decentralized meaning that the government will always be skeptical with Bitcoin. Also as the government sees it, Bitcoin can be used in illegal activities in which the government fears because they can't do anything about it. But if the government managed to co-work with Bitcoin maybe they can come up with something to ease their tension.

[noelanora99]

It is because the government can't control bitcoin that they don't like it, all they can do is to influence their citizens and discredit potential of bitcoin. There  are even some country that outright imposing a ban on bitcoin for some self righteous reason. Although applying a regulation may have it's merit, it also suppressed and delay the progressive development of bitcoin.

[Hmei777]

until whenever governments and bitcoins will never get along, because bitcoin will not be controlled by anyone, that's why the government never likes bitcoin because bitcoin can not be controlled and will not benefit them.

[Ram krish]

Bitcoin and some Government are like Tom and Jerry. Some government banned bitcoin. Some government only accept bitcoin. Government can't control. Value of bitcoin is unstable.

[monarchy]

Perhaps the Government Banned Bitcoin Due To Too Much Risk For All Its Citizens "Probably The Government Banned All Its Citizens To Use Bitcoin Because Of Extremely Risky The Government Banned To Use Bitcoin In Their Country

[MNtrio]

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

I think it is because some of the countries are having such an issue about scams. They are just thinking what is safe for them.

[Jerald]

Bitcoin will have its battle with government, yet bitcoin is at least somewhat straightforward more or less mysterious, in the sense every one of the exchanges are out in the open for the included and known gatherings however mysterious from according to obscure gatherings, for example, the administration, bitcoin is found on the standard of flexibility that accompanies decentralization which the legislature can't take away.

[jakirdj95]

When you have a network system that is holding a potential replacement for the current financial system or in any financial way it will grip one day and threaten your control, will you believe it in the first place?The government can not control or touch Bitcoin if its decentralized money, but any government will always be suspicious of Bitcoin. Since the government has seen it, Bitcoin can be used in illegal activities,If the government considered BTC to be acceptable, then the government could make the country better by BTC so that BTC is the key to development.Many countries have BTC support but again in many countries, so the support given to BTC can be improved as well.

[Geljames28]

Government still doesn't trust bitcoin because bitcoin is decentralized, it means that no single institution or government can contol it.

[ktmola95]

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

Governments don't trust Bitcoin because it has a huge price fluctuation and it can topple a country. But that price fluctuation was created by the same governments by banning it. Some top world countries need to trust the Bitcoin and accept it. That is the only way to brake the barrier. It will give stability to the Bitcoin and governments will look at the Bitcoin in a different angle after that.

[mrblue001]

They want to control every aspect of our lives. You can't control Bitcoin. That's why they don't like Bitcoin.
Also, bitcoin is a good way to hide your money from IRS.
Almost everything what is good for the people is bad for the politicians. Sad but true.

[missyqt29]

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

The government does not trust bitcoin or the whole cryptocurrency may be because they cannot regulate it. It is in the human nature to doubt that I believe that the government does not just see yet the beauty and potential of this industry. I still do hope that in the next years, they will finally listen to us and give cryptocurrency a chance.

[eashikde]

This is the most basic question that stands between bitcoin and the government. Until this issue is resolved we will not be confident in all matters. You need a legitimate application of fuck bitcoin.

[Brightcrypto]

Bitcoin is an online transaction investment and trading, that does not require physical payment, for that, no need of government involved, because no impact to play around, since is not physical transaction.

[Elerntta]

Because it is difficult to accept something as unique as bitcoin. And the rulers generally have very conservative views.

[Pyr3x]

I think that the fact is that the government has not yet figured out how to regulate it on the territory of its country. This is understandable, it is very difficult to allow the currency to function, which cannot be fully controlled.

[ktmola95]

Every government wants put their nose into people's lives. They keep track on people. How they spend their money, whom they talking, what they talking about. Simply they want control people and their aspects. But Bitcoin, that's the huge punch governments have been taken recently because Bitcoin transaction are untraceable and they don't whose holding it. Governments feel they lost control over people. That's why they banning it.