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Author Topic: why do governments don't make BTC illegal worldwide ?  (Read 8098 times)
monarchy
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June 09, 2018, 06:01:18 AM
 #381

because the government is afraid to make illegal btc because it is very risky for their country and all its citizens so they will not make btc ilegal
Leyss
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June 09, 2018, 06:04:22 AM
 #382

It is now very difficult for governments to prohibit the use of crypto-currency to their citizens. On the one hand, a democratic government must take into account the views of its citizens, and as events in some countries have shown, they are very active in defending their right to use it. On the other hand, it is difficult even to do it purely from a practical point of view. Issue an order, decree, the law on this prohibition is possible, but it is impossible to verify its implementation. This government will simply drive the use of crypto currency into the shadows. Therefore, it is always better for him to take measures to regulate the crypto currency and install simultaneously taxes on the crypto currency.
Labay
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June 09, 2018, 08:24:42 AM
 #383

Why make it illegal if you could just regulate it and get taxes from people who make money with Bitcoin?
That's a whole lot of revenue for the government that they would be missing out on if made illegal.

But Bitcoin is actually also illegal in a couple of countries: https://atozforex.com/news/top-countries-where-bitcoin-is-illegal/

There are too many people get really hard then government take them some cash because they get more money than others.

I think youre right that it is not good to be legalize bitcoin from some country or they can control people from using bitcoin.

It is good when they legalize bitcoin then they don't care on what happen to this or they don't create anything negative about bitcoin.

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mudasarali43
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June 09, 2018, 07:18:49 PM
 #384

I think any Government have no authority to make BTC ban worldwide, if Government of any country is not satisfied that he just makes ban in the country they just start using bitcoin in between the country and don’t have authority to ban BTC worldwide,
northstarh
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June 09, 2018, 07:29:29 PM
 #385

Bitcoin is a decentralized electronic money. The government can not control it's transactions and it's development. So, it is not legal worldwide.

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Nudee321
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June 09, 2018, 07:36:02 PM
 #386

Because btc is a good new technology.
our world change everyday so they need to accept the new technology
They have to move on!
PLMovs
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June 09, 2018, 07:40:45 PM
 #387

Because the government is ignorant of the potentials that bitcoin withholds but most importantly there are afraid of what it could become
Nanknink boy
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June 09, 2018, 07:48:09 PM
 #388

The problem with government and bitcoin is the government's inability to regulate bitcoin as they see fit, which is why bitcoin is always a threat to them. I believe in the near future the way will be taken to set the bitcoin and not declare it illegal and they will not make illegal bitcoins around the world because they know that there are even allegations about bitcoin for being a bad currency.
Afobaje38
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June 09, 2018, 08:14:51 PM
 #389

If government make it legal worldwide it can decentralized the economy in the way that government cannot control BTC and it's very risky if they are unable to do
Sean25pogi
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June 09, 2018, 08:21:59 PM
 #390

In the whole world, the reason why some other countries do not banned and not consider illegal  is because they believe that bitcoin is a safe investment and not scam. They sees the great potential and the goal of bitcoin. They give a wonderful income to all people which helps them to raise more money in their own pocket.
budi691
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June 09, 2018, 08:59:19 PM
 #391

I think bitcoin is having its own space, real proof some bitcoin states make a ban, but bitcoin persists and still exists in the world.

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satria2
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June 09, 2018, 09:37:54 PM
 #392

Everyone has a very different idea for all countries so that all countries can't make Bitcoin illegal.
iyamoxjhian
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June 09, 2018, 10:03:33 PM
 #393

Because in some country part of government, politics, entertainment or society uses bitcoin as their source of income. It may not be their primary sources but it helps a lot to sustain their needs. In some countries, they were studying whether to legalized or illegalized bitcoin and this will be based on the impact of bitcoin in the society economically, socially whether it's negative or positive. Like here in my country, though many negative news and speculations on bitcoin were spreading still people continues to do it. In fact there were few polticians and showbiz people who continues to use bitcoin.

conceivedspoon2
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June 09, 2018, 10:16:17 PM
 #394

Its a fake news or thought to think that bitcoin is illegal as being agreed by the government. Bitcoin is decentralised and it cannot be control by the government. Governement want a currency that they can control and make money from.
Jossy111
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June 09, 2018, 10:24:38 PM
 #395

in my own understanding, i think the reason why government don want to make bitcoin illegal is because its not a fiat money its not a substance like coin or note so no regulations can be on it and its a decentralized currencies that is not supervised by any governor so if anything goes wrong, no government can be held responsible. 
baho11
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June 10, 2018, 12:46:35 PM
 #396

Government dont make BTC illegal worldwide for the reason of many people depend on this .
Life of many people change . BTC provides opportunities and become source of income .
Sally34
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June 10, 2018, 12:57:01 PM
 #397

I'm not too sure if they would want to out themselves for their controlling intentions towards us. Even if they were to true, I highly doubt they would get it right, just like the drugs example mentioned above
Roy11
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June 10, 2018, 01:00:45 PM
 #398

because in some countries bitcoin is considered beneficial and helps the country's economy, so in some bitcoin countries are not illegal
kirito1614
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June 10, 2018, 01:01:40 PM
 #399

As a matter of first importance, forbidding Bitcoin is something that law based nations can't do transparently. It would make social agitation. Bitcoin is weighty new innovation and not something insidious or unsafe - putting Bitcoin on an indistinguishable level from drugs is blockhead. Rather than being prohibited I envision that bitcoin will be grasped and intensely controlled to take out any sort of wrongdoing.
Cynthialoveyou08
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June 10, 2018, 01:05:56 PM
 #400

People will invest a lot on btc and it will affect bank income
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