Government and Bitcoin

[lucian999]

overseas legit bitcoin and have an ATM machine to make it easier to withdraw their bitcoin and its beauty is still in the legit countries that the government also approves the bitcoin as well as the banks but also some other countries do not want the bitcoin one here is the china too tight of china and they do not want bitcoin

[Hopeful2017]

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

Governments still have doubts over Bitcoin because it is volatile and it is not stable. They think that investing in Bitcoin has more risks than advantages.
Governments cannot take the idea of being decentralized and everything must be taxed.

[Oliver Edward]

I don't think the government does not trust Bitcoin, but they have no Bitcoin management.

[Nathan John]

Not every government does not like Bitcoin. Yes governments understand the benefits of Blockchain technology and have deployed blockchain technology applications for management.

[karisiak123]

not they do not believe. everyone who knows bitcoin with great results. they believe in bitcoin including the government. In my opinion. the government did not announce the existence of bitcoin. because there are rules that must be considered by a country.

[Cutieh01]

Not every government does not like Bitcoin. Yes governments understand the benefits of Blockchain technology and have deployed blockchain technology applications for management.

The government in not in favor with Bitcoin because of its risk that when it collapse a lot of people will be affected. Yes there is a lot of benefit Bitcoin can give but with its volatility it would be hard for the government regulate it. Also since Bitcoin is a digital money government can't hold it.

[Dava.Dina]

The government suspects that Bitcoin is made for illegal activities.
they think individually buying things that break the law like firearms and so on. On the other hand normal people still do not understand Bitcoin.

Bitcoin is legitimate abroad and has an ATM machine to facilitate their Bitcoin withdrawal and its beauty.

The government should try to accept because the waves come very hard and have the potential to change the pattern of the economy in the future.

[hitchcoin]

I believe that the government tries to save their people from serious loss of money which is why they want to set particular regulations for the cryptocurrency market.

[Menawi12]

not they do not believe. everyone who knows bitcoin with great results. they believe in bitcoin including the government. In my opinion. the government did not announce the existence of bitcoin. because there are rules that must be considered by a country.

Government will treat bitcoin as investment not as currency. Government wont issuing regulation about bitcoin as currency because they can not control the supply. With controlling the supply, government wish they can control the price

[Rajamuda]

not they do not believe. everyone who knows bitcoin with great results. they believe in bitcoin including the government. In my opinion. the government did not announce the existence of bitcoin. because there are rules that must be considered by a country.

I don't think so, precisely because they do not believe on that... it makes them consider many things about all the characteristics of bitcoin that are vulnerable to risks.

[thameera88]

Since bitcoin is still not a legal currency, the government has no direct rule over it. But the government also doesn’t like people using bitcoin instead of currency. I think the government will mever legalize bitcoin.

[Betty Cunningham]

The government always considers bitcoin to be a bad thing. Because Bitcoin was formerly used for money laundering, arms sales and smuggling.

[Ikpirijor7]

When you have a system framework that is specifically a conceivable substitution to the current money related framework or will it one day destroy the grasp and control you have, would you believe it in any case? Indeed I should change the word to danger to be more exact. Governments for the most part won't underwrite or acknowledge bitcoin so far as that is concerned and they will effectively keep that from happening.

[JordiDrago]

I believe that the government tries to save their people from serious loss of money which is why they want to set particular regulations for the cryptocurrency market.

Lol if the governments intention would only be to protect its citizens, it would not be the government 

[PilosopongTacio]

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

There are governments that might think that Bitcoin is odd and suspicious. The level of anonimity is one of the reasons why they believe bitcoin could be used for ilegal activities and its beyond their control. The regulation and how to impose taxes on it.

[vakie1]

I don't think the goverment want Bitcoin become currency in their country

[Farhan786]

Many countries already recognize bitcoin as an investment. Not all governments are against Bitcoin, many will accept it because they know that they can get a lot of money on taxes if they grow.

But another country Where Bitcoin is banned there if you are waiting for the governments to make bitcoin legal than you will have to wait a long time.

[Kodok Bencot]

I hope that government and bitcoin can synergism to immediately legalize bitcoin, if the government legalize bitcoin then it can bring prosperity to all people and certainly can reduce poverty.

[Agapelove]

In my view, I think why the government still doesn't trust Bitcoin is because Bitcoin is decentralized and doesn't speak to any authority. On the other hand the government needs to be in control to make sure its ruling over something. Bitcoin can be a threat to them and they're playing safe around it. But don't see this as a bad thing. Both parties are just doing their roles and we don't need to be bothered because in their conflict there would be only little effects.

[Kia mono]

The battle between Bitcoins and the government has been here for period of time. Because a lot of bad people who use bitcoin to store the proceeds of crime in the bitcoin and this makes government and bitcoin have a little trouble.