why do governments don't make BTC illegal worldwide ?

[Emma.Watson]

Reason is simple, when our government looks at bitcoins, they are incapable of tracing any person or company holding responsibility for Bitcoin not only in their jurisdiction, but in the entire planet!

[pavel42901]

Most of the allegations governments hold against Bitcoin is that Bitcoin is used to fund terrorism and also involved in money laundering. These are all due to the anonymity issues attached with Bitcoin. Most governments are likely or ready to work or accept bitcoin if its users are ready to give their true identity for verification purposes through KYC.

[phenomeseb1]

Governments make money from tax

[Antonina]

I think that many governments and banks have changed their attitude towards Bitcoin. They found out how they can use bitkoyn, and they perfectly understand that it is impossible to make it illegal.

[Lemayilleur]

crypto currency for the government is a threat to existence, and as you know, all ideas that encroach on the functions of the state or threats are rejected, blocked and eradicated. bitcoin is the main competitor and rival for all financial regulators, since its growing cost and popularity contribute to a slow exit from the control of the issue of money.

[SamarasLoch]

Cryptocurrencies poses a great threat to the government and banks especially. We have seen how easy and cheap it is to make bitcoin transactions and you will agree with me that it is completely stress-free and can be done from the comfort of your couch. This is a major problem as this awesome tech will surely discard traditional bank systems. Banks dont want that as they want to be in full control of our finances and keep extorting from us with the disguise of fees. Thanks to Bitcoin, we can easily transfer monetary value locally and internationally securely, anonymously, cheaply and swiftly. I'm so loving this.

[SamarasLoch]

In the case of the government,  people now carry out untracealble transactions using bitcoin and other privacy coins that guarantees maximum anonymity and freedom from regulations.

[Mariela]

I think some government have no enough knowledge about BTC and lack of information.or they are afraid to change their fiat money to cryptocurrencies because there is possible for that prediction. Cryptocurrency nowadays have big profit to its users .

[Alns]

It is simple. Government and banks want to have profit from you, if you are using crypto. They can suggest you to use it for free. The reason is simple the corruption inside every country. It is still alive in our world now.

[Kayuslawal]

Dont think this will be possible because of its decentralized nature it has, even if declared illegal, many people will still continue trading it on decentralized exchange which the government wont be able to control...

[Janation]

Reason is simple, when our government looks at bitcoins, they are incapable of tracing any person or company holding responsibility for Bitcoin not only in their jurisdiction, but in the entire planet!

It is not that it can't be really traced since there are a lot of criminals caught using Bitcoin too so don't really count on it's anonymity. Governments don't make BTC illegal worldwide because they can only ban Bitcoin in their country, not really worldwide. Also, some countries look at it in the different angles and seeing it as a good currency in the future.

[cr7]

Not all countries recognize bitcoin as an illegal digital currency. And they're going in the right direction. Underdeveloped States will destroy it in every way in their country, and strong States will develop bitcoin, including blockchain technology.

[iqlimasyadiqa]

Reason is simple, when our government looks at bitcoins, they are incapable of tracing any person or company holding responsibility for Bitcoin not only in their jurisdiction, but in the entire planet!

It is not that it can't be really traced since there are a lot of criminals caught using Bitcoin too so don't really count on it's anonymity. Governments don't make BTC illegal worldwide because they can only ban Bitcoin in their country, not really worldwide. Also, some countries look at it in the different angles and seeing it as a good currency in the future.

Yes that Bitcoin may be poorly utilized, criminals may commit illegal acts using Bitcoin. The hallmark of Bitcoin does have anonymously so it will greatly preserve the privacy of bitcoin owners. That is the main reason the bitcoin users, they get many benefits and also Bitcoin provide various conveniences such as security and also speed in doing financial transactions.

[delphic]

The prohibition of cryptocurrencies is impossible due to the influence of rich investors who use it as a means of value storage. Bitcoin is under the protection of the powerful. Wealthy cryptocurrency owners have gone far enough in an effort to keep their money away from the reach of governments. And those governments that want to ban bitcoin ownership are simply ignoring the huge political power and influence of those who can boast of owning the largest amount of bitcoins.

[putriliesma]

Because not all governments prohibit the use of crypto currencies such as bitcoin. There is also a government who wants to oblige the country to use bitcoin because they think bitcoin is very useful to fulfill their economy.

[Casey7]

Cryptocurrencies poses a great threat to the government and banks especially. We have seen how easy and cheap it is to make bitcoin transactions and you will agree with me that it is completely stress-free and can be done from the comfort of your couch. This is a major problem as this awesome tech will surely discard traditional bank systems. Banks dont want that as they want to be in full control of our finances and keep extorting from us with the disguise of fees. Thanks to Bitcoin, we can easily transfer monetary value locally and internationally securely, anonymously, cheaply and swiftly. I'm so loving this.

Why government will make btc illegal? It does not make benefit. War governments and banks with a turnover of bitcoin is inevitable. Initially, the government did not attach importance to this problem, and now it's too late. The world is not unipolar and a ban in one state would cause all the money will go to another state. 

[Bitcoinnumberone]

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, Bitcoin is threat to bank system. They hate bitcoin because it surpass banks it make easy transaction in bitcoin and untraceable can earn money but banks have not earning. Bitcoin has no tax at all government hate it because of that bitcoin can't legalize it, and businessman can influence and invest in bitcoin it's all about money.

[airdnasxela]

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 ?

Well, for me it is because countries have different thinking and states. For example,  those countries that banned bitcoin maybe have whispered by the banks to banned it. The countries that legalized and acknowledged bitcoin might know that bitcoin is useful to them that is why they acknowledge it.  Some countries are wise that is why instead of banning it,  they regulate so that they will earn revenue from it. The last one,  there are countries that do not felt bitcoin maybe because of poverty or those who are in the fourth world countries that is why they didn't felt it.

[_crypto_moon_]

If states could prohibit crypto currency, they would have already done so, but since the crypto currency in most countries is still legal, this means that this type of asset has some prospects.

[alihhahaba]

because there is a government that thinks crypto is beneficial, so there is a government that legalize bitcoin and utilize it for government to gain profit