Government and Bitcoin

[sungaiyangderas]

Politicians disrupt their citizens by taxes, They disrupt the economy with excessive spending. They screw their fiat by printing too much, They damage their land with excessive development, excessive mining, clear logging, shrinking national parks and allowing pollution.

[UchihaRukawa]

The government has the right to protect the interest of the people.bitcoint on the other hand has other ways   to give  people a chance  to live  a more convenient . both has good interested for better service. since bitcoint is still new  and has to push it self to earn the trust and build structures or groud in which both can work together and agreed..

[BitcoinPaw]

Governmens usually don't care about cryptocurrecnies and it's good but sometimes they are becoming mad and banning bitcoin because of terrorists , scammers , etc. They will find any opportunity to ban a thing they can't control.

[tylerderden]

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

Different government have different agenda with Bitcoin.some government like japan Germany etc to use bitcoin for their country good economy . Where as many government against of Bitcoin and ban it in their country.  According to Chinese government bitcoin directly affects their country own currency value in the international market. And this thing affect negatively their country banking system,  economy growth. Some governments ban it because of its involvement in criminal activity like kidnapping murdering child pronography etc.

[riskarcher]

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

simple, Bitcoin is an anonymous currency. the government will continue to use its nation's money to transact because its regulation is directly controlled by different countries with Bitcoin that is affected by the global value of the world and its unstable price

[Deubila]

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.

This only depends on some underdeveloped countries that they are not qualified to run BTC, they always see the BTC as a place of hidden risks, evil, criminals always hide in the BTC. But some developing countries have seen the potential that the BTC has brought to them, thus earning revenue for their country from the BTC.

[taiyob]

The government and the bitcoin are always compared, because there is a lot of news that the government is banning bitcoin in some countries. But there are also countries whose governments allow bitcoin in the country.the government thinks bitcoin will disrupt the economy and the government thinks they can not control the bitcoin so that's why.So that Bitcoin illegal for some countries. For example Bitcoin is legal for japan and illegal for China.

[thepers0n]

Many countries  and government are afraid of BTC because the banking systems of countries that want to have a good of transactions between people's accounts and make money from them. So they will lose their money.

[Hudadahuda2018]

I thought about some tim ago, and it's hard. At least for government-backed banks, because banks have a lot of business like example loans, saving and etc..

If bitcoin is coupled with government regulation then I am sure the loan as well as save to the Bank and also do the business then quickly executed to conduct transactions so the country will soon be popular.

[venlo]

Many people are still aware the name of Bitcoin and the many governments thinks that bitcoin will damage their system. Here in india bitcoin is not legal or not iillegal but Indian government prepare to ban it.

[adjudicator]

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

Bitcoin is still new in our mind and in our ears. Bitcoin is still developing, some governments doesnt trust it because there are still unknown facts about it but if these thing can be answered and if we develop bitcoin then I think someday the whole world will accept bitcoin as our new currency.

[Iconic Love]

the king of crypto bitcoin is going much popular than before and hope it will more.
but the goverment of some country ban bitcoin for  some reason like financial system will fall down.because of bitcoin  the govermemt is not getting tax from people and their tax amount is coming lower...so they ban bitcoin from the country.
but some some country allow bitcoin and they also.declared that big budjets. transaction will be in digital currency..
some countrys goverment is with bitcoin and some are not....

[oni4an]

A very small part of our planet really knows what Bitcoin and technology blockchain, governments are afraid to lose control.

[Watchy312]

I think the current government still does not agree and does not provide ratification about the circulation of bitcoin because I think bitcoin can not be trusted by the government, and it seems the government wants to try to ask for the results of the benefits of bitcoin when it is clearly not going to be so that the government does not like it.

[Oto3]

It may be very tough to alter. Bitcoin might inspire extra cash laundering because of the anonymity it gives. Regular people nonetheless do not apprehend Bitcoin and think about it as some sort of rip-off.

[Btcepoy11]

It's not what they think all government all over the world, there are some government support bitcoin and they legalized the use of bitcoin. Somehow there are government against bitcoin for thier one purpose, it depends how they adopt bitcoin in there country.

[PatronRH]

The main problem with bitcoin is goverments. They don't trust bitcoin and that is a major problem. It is the thing that stands between bitcoin and being a global currency.

[Duzter]

There were two different types of governments, one has understood the need for bitcoin and has a positive approach which has made them adopt it. The second type is the one where the decentralized functioning is mentioned to be a big controversy and stay away from it. Because, they cannot keep it under their own control fearing it might shatter the economy.

[rutherford]

Maybe that's because they can't control bitcoin. Unlike paper money, they can control when to distribute, when to make another paper money, it won't happen to bitcoin.

[ronnis.gomes]

Some governments are afraid of bitcoin and other altcoins because they have no control over the market and can not get their hands on people's profits through their taxes. Decentralization and impossibility of taxation are words forbidden to these petty and deplorable governments.