why do governments don't make BTC illegal worldwide ?

[bajingluncat]

because there is no law on bitcoin regulation in the government so the government will not be able to control the bitcoin so that the absence of tax revenue from bitcoin earnings to the government may be one of the main causes why the government can not relieve bitcoin

[Bondho Kompeni]

I think all governments do not want to say bitcoin is illegal, this is because bitcoin marketcap is very big and supported by global investors, I'm sure the government will not dare to refuse bitcoin if one day achieve a good development.

[gabmen]

I think all governments do not want to say bitcoin is illegal, this is because bitcoin marketcap is very big and supported by global investors, I'm sure the government will not dare to refuse bitcoin if one day achieve a good development.

Right. It's relevant now and a lot of governments believe that it will be a part of the future. Even those that aren't in favor of bitcoin would probably soften their stand in time.

[Bruce1614]

I think that most of the nations around the globe don't see bitcoin as a risk, yet rather they consider it to be something progressive. Time has demonstrated that and an ever increasing number of governments are starting to comprehend its esteem. They might at present want to direct it however and force a couple of confinements all over. In the most dire outcome imaginable, in the event that they do in fact chose to boycott it, it would incite an immense negative reaction from the general population which would harm their notoriety and their opportunity to safeguard their administration which implies that this probability is exceedingly impossible.

[koreano111]

I think most countries in the world do not see bitcoin as a threat, but instead they see something revolutionary in it. The government's war and banks with bitcoin revenues are inevitable. They still want to adjust it, though they impose some restrictions here and there.

[luigi3]

I dont think why,but i feel that they are still not accept it because they see what the totally could do about having bitcoin,but as of now many country was recognizing to use this bitcoin because they already see what bitcoin can do and can change ,just like payment system or payment method these are the things that bitcoin has.

[erichall]

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 won't make it illegal in first world countries because they simply can't. However, they will try to regulate the hell out of it and destroy the market in the same way they've done to other markets.

[Bitcoinislife09]

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 ?

I think they can't. Most of the powerful countries already acknowledge bitcoin and allow its citizens to use it for transactions. It maybe their worst nightmare but somehow they may see it as a good development in the economy. More and more people uses it means they it has good system. They worry of its untraceability since there are issues about bitcoin of its use in illegal activities. Bottomline it depends on people on how they use it.

[Bitfling]

Actually government agree that bkockchain technology is usefull, if government do not find any threat from bitcoin for their state currency then they will allow bitcoin to exist. Anyway bitcoin will always exists.

Without government regulation, bitcoin always exists because bitcoin is decentralized cryptocurrency. Every government have their own regulation and some government give regulation on bitcoin because they have good legislation and good knowledge about bitcoin.

[kudapeler]

We've seen how easy and cheap to do bitcoin transactions and you'll agree with me that it's really stress free and can be done from the comfort of your couch. This is a big problem because this great technology is sure to get rid of the traditional bank system. Banks do not want that because they want to hold full control of our finances and continue to blackmail us with the disguise of costs. Thanks to Bitcoin, we can easily transfer the monetary values ​​locally and internationally safely, anonymously, cheaply and quickly. I really love this.

[imstillthebest]

We've seen how easy and cheap to do bitcoin transactions and you'll agree with me that it's really stress free and can be done from the comfort of your couch. This is a big problem because this great technology is sure to get rid of the traditional bank system. Banks do not want that because they want to hold full control of our finances and continue to blackmail us with the disguise of costs. Thanks to Bitcoin, we can easily transfer the monetary values ​​locally and internationally safely, anonymously, cheaply and quickly. I really love this.

We've seen how easy and cheap to do bitcoin transactions

lol. sorry but its not . it isnt easy to do a bitcoin transaction and it isnt also cheap to process a bitcoin transaction .

This is a big problem because this great technology is sure to get rid of the traditional bank system

no it is not a big problem but rather it is a good news for  us because  bitcoin can change the way we use money . but i dont believe that bitcoin can wipe out the traditional banking system . fiats are still the main stream currency and bitcoins or cryptos are only an alternative and can only mainly be used online .

Banks do not want that because they want to hold full control of our finances and continue to blackmail us with the disguise of costs.

not all banks are against bitcoin . infact majority of banks are still supporting bitcoin . banks dont also control our finances or blackmailing us with other extra cost or whatsoever . banks are only securing our money if ever you need them . banks also provide loans via credit cards, so overall banks is pretty helpful to us .

[KiaraKnorr]

I think government don't make BTC illegal worldwide because BTC is not enough popular in all over the world so that the government make it illegal. In some country where people are poor, they even don't know what BTC is.

[JackyVanmarsenille]

Because there are some countries that feel bitcoin is even profitable for their country by way of legalizing bitcoin. There are also some countries that bitcoin because it feels threatened and can not control the bitcoin. But not all countries make bitcoin as an illegal digital currency

[improvegoup]

Despite the dozens of benefits that Bitcoins and the Blockchain Technology have to offer compared to the traditional banking system, there is a risk that Bitcoins can be used for money laundering. Thererfore, government don't make btc illegal worldwide

[dilshanfernando]

First of all, banning Bitcoin is something that democratic countries can't do openly. It would create social unrest. Bitcoin is groundbreaking new technology and not something evil or harmful - putting Bitcoin on the same level as drugs is idiotic. Instead of being banned I imagine that bitcoin will be embraced and heavily regulated to eliminate any kind of 'illegal activity'.

[tung06081989]

I think it is not necessary to make BTC illegal worldwide. Action like this just make bad impression about the government when they are trying to forbid something they cannot control. Anyway, blockchain has been proved to be very usefeul. Therefore, as decision made by authorities can affect to crypto world, and they will try to be having the most influence as they can

[KatelynCooper]

Because bitcoin is not created with the purpose of using it in a bad ways, it was only used to do bad things just like any other traditional currency. Bitcoin is created to be able to solve a problem that most of the people is facing right now specially when sending money abroad. And of course they dont have that power and right reasons to make bitcoin illegal because basically its not illegal.

[marlouied04]

Because not all government are all anti crypto others knows how good btc is thats why they legalize it.

[damdoan69]

The problem is: How can the goverment and banks ban BTC, even if they wanted to do? Banks and government cant ban something that is out of their control. I think what they can do is to regulate the use of BTC by making exchanges fee if someone buys or sells BTC through their services. But it is harder and harder these days as brilliant people using BTC will find a way to bend any rules the banks give to control the crypto.

[Jose Rizal]

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 ?

I think government will banned something worldwide if it really destruct everybody it ruins everything that it may pass through but since Bitcoin is the product of our very own continuously innovating technology I guess this isnone of the reason and undoubtedly it surpasses any illegal anomalies what I am trying to say is it depends on the user on how are they going to used bitcoin but intendedly it supposed to be used for good.