why do governments don't make BTC illegal worldwide ?

[Underlord]

Maybe bitcoin does look that way, where people who do transactions and have bitcoins are very difficult to trace. But if the world accepts bitcoin, then the government should be able to make bitcoin legal by making rules where every bitcoin transaction and bitcoin ownership can be tracked and taxed.

[taeewo]

It won't be easy for them to make it illegal since they know its decentralized and if declared illegal it will still continue to exist as far as there is internet..

[youngsoft]

We as a whole realize that legislature and banks rely upon each other and they give and take every others focal points. Government predict that bitcoin could be benefitial for clients as well as for them. At the point when individuals deliver cash out of bitcoin, cash likewise hits them up in a type of incomes and charges.

[Ethan Argu]

Because they can't control this, so they want to be an illegal it had an opposite figure against to the flat money, so they want it to dissappear and dissolve as soon as possible it would affect to thier money movement, thats why they hate bitcoin so they pay some people to post fake news to spread it. To make investors decrease and support in stock market.

[KuyaBreezy]

Basically, Governments operate on different policies, each of them have different laws ad regulations regarding Bitcoins and therefore they cannot make a common judgement or pass common laws regarding BTC. Besides , most governments consider Bitcoins a threat to their economies  making them more reluctant to legalize BTC

[Rozita]

If they make using bitcoin illegal, there will be still many people trading bitcoin. In that time, people will try more to hide their identity and that's the worse case than what is happening now. Now most of the people trade especially with fiat are known.

[franantp]

well i think the problem is that even if governments do make Bitcoin illegal world wide, they would not be able to shut it down completely. After all, Bitcoin works individually of the banks and thus the government. This means that governments have no real control over Bitcoin. Sure they can make it illegal, but it doesn’t stop people from using it other than the fact that it is illegal. Unless the citizen is an extreme patriotism and has extremely good morals, he/she would still use Bitcoin and  All the governments are helpless.They know very well that bitcoin would be a direct threat to their taxing revenues  and they could not trace all the bitcoin transactions

[jefrihunter]

i think that bitcoin can challenge the value transfer of traditional fiat system but on the other hand, if the government is deciding to ban such digital currencies then it would boost the shadow usage of it and those who are using Bitcoins for legal activities would not use it in that case but those who are using Bitcoins for illegal use, would keep using Bitcoins under cover and I fear that the percentage will increase drastically if there is any wrong move by the government and Many government show their negative attitude towards Bitcoin and ban it in their respective countries and this is some reason behind this. Bitcoin decentralised nature is the one of the main reason behind this

[charlemagne_15]

I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !

BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?

In my opinion, I think governments now have a slightly hesitation in banning bitcoin because of its popularity, many people now are into bitcoin and when they prohibited the usage of it many citizens of their will lose money. In addition, maybe they are studying it in order to add taxes in using bitcoin and planning what will be the effects of it to them. Lastly, eventhough governments label bitcoin illegal it does not mean that it will completely be gone. People will keep inveting something like this and continue to support it.

[egberthill]

Because Bitcoin is not a major concern for them. They will not banned bitcoin in theor country because they see bitcoin is a very advantagable thing and not negative thing.

[jayarbillones]

for me many governments and banks have changed their attitude towards Bitcoin.If one country ban you will go to the country who accept Bitcoin so you cant control it.Actually, if taxation will be the topic, government are gaining profit from Bitcoin indirectly. Companies like Coins.Ph are paying taxes to the government by still it is from Bitcoins.

[Viendong6158]

It's true that transactions used Bitcoin requires no third parties like banks, and this may drive banks to the verge of shutdown. But instead of banning it, some governments see its potential and benefits for their economy.

[julielyn]

I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !

BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?

Yes government scared of bitcoin because there are many wrong news about bitcoin they said bitcoin is scum more people invest in bitcoin their money are gone thats why the government hate bitcoin too much because of the wrong news they did not know its not true bitcoin is not a scum it is legal bitcoin is a digital crypto currency.

[rudox]

Government found themselves in a tight situation because Blockchain runs in the internet and it is difficult for the government to destroy internet because her own business also runs in the internet. The best they can do is regulations and officially ban bitcoin in their business and transactions.

[charlenedave]

Because Bitcoin is not a major concern for them. They will not banned bitcoin in theor country because they see bitcoin is a very advantagable thing and not negative thing.

I agree about it. Bitcoin is not a major concern by the government; and that is the reason why government do not make bitcoin illegal worldwide. Also, bitcoin is helping other people.

[umbara ardian]

this may be because bitcoin is too horrible and unstable, bitcoin prices are always moving up and down to make bitcoin does not make the government legalize bitcoin in the worldwide, indeed technology owned bitcoin very sophisticated and very strong but bitcoin prices will never stable, maybe that's what making the government reluctant to legalize bitcoin.

[RoftheN]

The governments mostly don't interfere in something unless it is too big of a problem to them, as they already have bigger issues in their hand. Also it takes a long time for the governments to come to a conclusion. Plus the governments know that even if they banned it they wont be able to stop Bitcoin as it is decentralized.

[joliepaul]

Because the government wants to control all the money that is put into bitcoin,There are only a few contries where the government fears bitcoin could be a danger when people use it to bring money out of the country.

[Anarchist]

They can't because it will be useless unless people use an exchange an transfer out fiat to their bank account. They can't hijack your computer to watch if by any chance you have a crypto wallet. Yet people can always use an alternative. It's like a fight that will never end.

[appleyard]

I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !

BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?

Yest this is the main objective of the bitcoin project to eliminate the thir person in the transaction and to build an easy way of payment a p2p transactions in fast and easy way of sharing funds ang making payments. And you are right there is no way they can avoid the money laundering using bitcoin payments.