why do governments don't make BTC illegal worldwide ?

[oni4an]

It is the invisibility and scares the governments of many countries, and the fact that Bitcoin is too young and they may not have fully figured it out. I think they don't understand how Bitcoin can be controlled, so they're afraid.

[yamete kudasai]

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 ?

Not everyone in the politics thinks like this. Take Japan and South Korea for example. These countries and their government is pursuing the indistry of cryptocurrency. European countries also looks a bright potential to this innovation because there's a market for it and can give them economical power online. The world market and many business sectors are now taking interest in this field and I can see a grear future ahead for bitcoin.

[laryillary]

Moreover, there is no law in the legislation that would oblige residents and non-residents to provide information on currency transactions to currency control bodies. But at the same time, tax authorities have the right to receive such information if it is a matter of monitoring compliance with currency legislation. Rosfinmonitoring can transfer information to the Federal Tax Service about financial schemes that have signs that they are evading tax payments.

[bitcoin2048]

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 ?

Again it is because there is no such a global United worldwide government that can choose for every country what to do, so every country need to make there own research and decisions about cryptocurrencies attitude.

[Payme21]

most government do not understand the concept behind bitcoin that why they see it as a illegal but as for others is an a venue of improving their economy and they try as much to legalized bitcoin 

[Jr.]

The government are trying to have ways on monitoring the movement of Bitcoin, so far I think it is still on progress since people use it to flounder money around and they don't want it, but so far it is good since they are letting us use it freely.

[phosphine]

Maybe today numerous legislatures are contemplating on the off chance that they sanction bitcoin, what are the focal points and hindrances, I think it is smarter to legitimize bitcoin else it will be past the point of no return and will hurt the nation, in light of the fact that there will be a great deal of cash out of the nation

[Verde_Mantis]

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 ?

They could make bitcoin illegal, but it would be useless because people would keep using it, they would slow its adoption but that's all. I also think it would be quite stupid, because some countries for sure will take advantage of the other countries ban: many would move there, move funds, bring money etc etc.

[Febriana98]

for the sake of what the government makes Bitcoin legal, it is no secret that in some countries the law is created if there is an interest and every law is purchased by those who have the interest, currently having interests are those who control the economy and the Bank, that's why Bitcoin is rejected in all Banks and in all countries...

[Birin016]

The governments already fighting against crypto currencies and bitcoin. But it is not simple to ban.
Crypto is descentralized and can be anonymous, even if government make it illegal, you can still use crypto by p2p, dex or at internacional exchange.

In serious countries, the public opinion counts and if people want to use crypto it will be hard to make illegal.

[syntac]

Because every government has its own policy against bitcoin. They may not be issuing bitcoin around the world, and there are even governments that legalize bitcoin with prearranged provisions, the characteristics of these governments are usually more open to technology.

[Yantoaja]

Much of what they doubt from bitcoin because the system can not be controlled by the government, they are worried about the number of bitcoin transactions in the country will lower the value of the official currency used. In addition all bitcoin transactions are also not taxed so that will make bankruptcy of state coffers, this will certainly impact on the country's development.

[Jay51]

Maybe today numerous legislatures are contemplating on the off chance that they sanction bitcoin, what are the focal points and hindrances,

[adjong]

for me not all countries are against the BTC, because I know the bank has my connection to the BTC and the government does not know all about it. it's for me illegally bitcoin here in the philippines

[cryptocurrencyguru]

no government can stop bitcoins one thing governments can do is to collect the taxes from bitcoin transactions so they declare bitcoins as commodity or asset

[btcnijuan]

Some countries had banned bitcoin because i think that it's outside their laws and jurisdiction of their government but the truth is most countries who supports bitcoin think that bitcoin will help more their economy and somewhat change their lives in the future.

[BennyK]

The governments seek for just one thing and that is, absolute power over all financial affairs in order to control the people and manipulate the economy as they see fit. Bitcoin does not allow that due to its decentralized mode of operation. With this, the governments are always looking for ways to collapse Bitcoin yet to no avail.

[Camster]

The governments are not making Bitcoin illegal because they want to utilize it.   Look at every entity that has challenged the dollar.  It gets bombed into oblivion and then the leaders slaughtered.  Bitcoin is their little pet.  Best to get on board.

[chocolato]

Due to the different problems or different reasons of each government agency in the world,it may be that the governments of countries that ban bitcoin see cryptocurrency or bitcoin as a threat to their nation even if we all know that crypto is harmless.This only proves that there are still many people who have no knowledge of cryptocurrency.

[calabrianexceeded]

Due to the different problems or different reasons of each government agency in the world,it may be that the governments of countries that ban bitcoin see cryptocurrency or bitcoin as a threat to their nation even if we all know that crypto is harmless.This only proves that there are still many people who have no knowledge of cryptocurrency.

the government does not accept the platform due to the fact that decentralization and can not be domesticated or controlled by governments around the world. it took a long time for the government to come back to an end. and the government recognizes that, even if they forbid it they will not be able to prevent Bitcoin because its miles are decentralized. and as you say lack of knowledge about crypto can be a reason.