Why hasn't any government stopped Bitcoin?

[Marucya]

Bitcoin is a digital currency that provides users with unique anonymity capabilities. The Bitcoin payment system uses a cryptographic and decentralized register that is difficult to track.
Despite technical drawbacks, Bitcoin is a powerful tool for payments, funds transfer, microfinance. Bitcoin's secure P2P network provides new opportunities for financial technology and allows consumers to save money.
Apparently, in their cautious approach to the crypto currency, governments want to: objectively consider all the possibilities of the crypto currency;
evaluate business models that work with crypto currency;
monitor and analyze the market and develop a regulatory framework.

[BlockTechnology]

First of all, because it is very difficult to technically implement that control of the turnover of the cryptocurrency

[kryptorian]

At the early stages Russia ruled it as illegal, China outlawed all withdrawals and some other country also spoke against it. But now everything seem to be smoothing up at least on the government side. Surely Bitcoin must be seen as challenging their authority. Is there something I am failing to see? All it would take is a 51% attack or a new law.

Simply put, there is no agreement between governments, but they are no fools either. They certainly understand that banning Bitcoin in a specific country is not going to change a lot. They need a concerted effort, and things are starting to unfold in that direction already. So don't get deceived by this seemingly friendly attitude toward crypto from the powers that be. It will end as soon as they find a way to put a definitive end to the whole shebang. They would have done it long ago if they only could!

[Jossy111]

initially, so many countries of the world kicked against bitcoin because its transactions cannot be taxed, many things was said against it but they cannot stop it based on the high technology it was formed and its popularity to the world of internet. but the good news is that many countries of the world are now accepting bitcoin because of its popularities and the good innovations it has brought to the global market many countries are now seen purpose and reason to have internet currencies and the benefits it has brought the global economy. but we are still hoping that many of the government will come out openly to declare the acceptance of bitcoin as a means of exchange in their country.

[bajigur894784]

At the early stages Russia ruled it as illegal, China outlawed all withdrawals and some other country also spoke against it. But now everything seem to be smoothing up at least on the government side. Surely Bitcoin must be seen as challenging their authority. Is there something I am failing to see? All it would take is a 51% attack or a new law.

For example, we can see japan. because, japan is one of the countries that legalize bitcoin as legal currency. And in fact, Bitcoin trading using the Japanese yen is the second most liquid after the US dollar. A study in Japan, "Nomura Instinet" projected Bitcoin could boost the country's economic growth. They say that bitcoin can increase the power of public spending.

[tung06081989]

because bitcoin and crypto will make big profits,they want manager crypto not stop crypto

[abdulq]

because bitcoin and crypto will make big profits,they want manager crypto not stop crypto

Most countries like Pakistan stop trading bitcoin in their countries, I think are lagging behind the real technology of block chain. when they realise they will be allowing trading crypto.

[ntodntodan69]

I think with the bitcoin will make the economy better, so the government should not stop bitcoin.

[heartrodriguez28]

I think with the bitcoin will make the economy better, so the government should not stop bitcoin.

How will it make the economy better if govts can't find a way to regulate or have it taxed?

[tung06081989]

i think they want control and take profit from bitcoin and bitcoin is futrue of the world

[yasirsidds89]

stopped bitcoin means end of the internet from all over the world..
They can't stop it but they can create FUD....

[reddolphin]

because the countries don't want to improve and they are afraid of innovations.this is their problem not ours problem 

[Taltic]

Some countries use blockchain to avoid sanctions by other countries. Venezuela is one of those countries. Russia is maybe the second one.
Countries will do with cryptocurrency what they want to. Some will take an advantage of blockchain and some can't deal with them due to lack of the control.
But in the end crypto is staying here.

[btrice7]

because they do not know what is Bitcoin.so they are constantly explaining something.

[xankor]

Because Bitcoin became vary popular. So any government do not can close eyes on this.

[carter34]

One thing about the internet is that, it is not stationed like a shop or shopping malls that you can easily work into and arrest the staff or stop investors/customers from coming in. The exchanges can afford not to be stationed while carrying on with business and so are not easily traceable. I'm not saying they can't be found but where secrecy is needed for business to go on, this is possible.
Also, the investors because bitcoin is decentralized.

[astrid.uchiha24]

They can't just simply stop people from trading bitcoin even if they imposed a ban in their territorial jurisdiction, the nature of people tend to look for other means even if it is illegal so regulation for me is the best solution because no matter what law they pass traders will always find a way.

[KuyaBreezy]

 
Because there's yet to be a clear cut legislation on Bitcoins no country has come up clear regulations on how to control not only Bitcoins but any other cryptocurrency, stopping Bitcoin therefore might lead to a long winding court battles, as there will have been no written laws broken when dealing. which court will the cases be even heard if there's no written laws it has violated.

[Ghondronk]

The peer-to-peer bitcoin topology and absence of a single administration make it impossible to be governed by any government, and can not manipulate the value of bitcoin or cause inflation by producing more bitcoin. Therefore the market movement in bitcoin is really from the amount of demand and supply in the original market without any government intervention and price regulation as is the case in conventional currencies.

In addition the bitcoin can not be closed or stopped, and can not be hacked though, since the bitcoin properties are centralized, unconcentrated and really peer 2 peer, so that every bitcoin user is the bitcoin server itself and all are automatically connected with the nodes .

Bitcoin can be generated by mining that utilizes your computer resources, this is the same as gold mining, but for bitcoin uses resources from the computers of bitcoin users.

[preelee04]

Why hasn't any government stopped bitcoin? For me maybe they dont know about bitcoin thats why.