why do governments don't make BTC illegal worldwide ?

[Stioned1987]

The governments in general do not interfere in something until it's miles too big of a hassle to them, as they already have larger issues in their hand. additionally it takes a long time for the governments to return to a end. Plus the governments recognize that even supposing they banned it they wont be capable of forestall Bitcoin as it's miles decentralized

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[ebetlupet143]

I beleive that many governments and banks have changed their attitude towards Bitcoin, it's not anymore so hostile as it used to be. They figured out how they can have use of Bitcoin too and they are very well aware that it's not possible to make it illegal. They accepted it as something inevitable and they don't want the war against Bitcoin anymore.

[pjr77]

Despite the fact that blockchain and distributed registry technology can make positive changes to the financial system, putting the global economy in dependence on a decentralized network is too risky for many reasons.

[Kimchu kuno]

It's very early to talk about governments adopting bitcoin.
Not making it illegal is a win right now.

Some other countries makes bitcoin is very useful to them and made it legally consume. Definitely still working until now by the supervision of thier government in such things happen they cannot make bitcoin illegal nationwide,  so why not to adopting bitcoin in good terms and good purposes to make it legally applicable anywhere we go that can makes hassle free and accommodating.

[ignatova]

Because they cannot do this. I mean they can declare it illegal but they cannot stop the transactions as it happens online only.

[PeRo]

They could ban Bitcoin, but it wouldn't be that effective. People would find a way to use it, buy and trade it without them ever knowing. Bitcoin is only banned in countries where goverment and banks want all the money, but the smart countries that care about citizens and economy support cryptocurrencies because they know it is a good thing for them.

[cutecute]

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 don't make bitcoin illegal worldwide because they don't have power to do it. Actually there are some country that make bitcoin legal because they think that bitcoin can make their country better.

[Elmughni]

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 there is no real reason to make it illegal. Because for now, far from threatening banks and government. If so, the government should be able to regulate its use, not prohibit it completely. Different countries have different views on this, and I doubt the rest of the world would agree to ban something like this. Because Bitcoin is the future technology, No one can refuse the technology.

[p4npos]

Governments don't make Bitcoin illegal worldwide because they are afraid of it. They are afraid about what the popularity of Bitcoin and cryptocurrency will do to their economy. I think major stakeholders need to sit down and think about it.

[sultanali]

Governments are highly in favor of banning the cryptocurrencies but the problem is that the through the transaction fees and other sources it is bringing revenue into the country, not only that but it is increasing trade with other countries which is beneficial so on a macroeconomic level it is giving some well-needed benefits.

[keluuday491994]

Yes, in the future I think it will completely replace the paper money and precious metals.

[Wahyu aep]

Every government has their own sovereignty and jurisdiction and applying ILLEGAL label to Bitcoin around the world is impossible unless all governments in the world do the same. However, some countries / governments recognize the value of Bitcoin so it will be difficult to make illegal Bitcoin on a worldwide scale. Despite the threats Bitcoin has given to the banking system, different countries have different views on this, and I doubt the rest of the world would agree to ban something like this.

[AldenHoward]

It's true that transactions used Bitcoin requires no third parties like banks,Following this more countries will adopt it to experience the good in it which looks to be the major reason why governments don't make bitcoin illegal.

[valeriyao]

There are benefits of bitcoins as well and government has to make decision after evaluating everything. Since, there are more benefits, it is not made illegal.

[robaya]

Governments don't make Bitcoin illegal worldwide because they are afraid of it. They are afraid about what the popularity of Bitcoin and cryptocurrency will do to their economy. I think major stakeholders need to sit down and think about it.

now still in the study of some countries that will legalize bitcoin. the risk of bitcoin is their main concern, but there are already many people whose economies are good because of bitcoin.

[atogsice]

You are highlighting the limitations of bitcoins only ? What about the advantages, it is because of those advantages that government does not ban them.

[Noelle.2412]

No government doesn't like money and the cryptocurrency industry is worth billions (or even trillions).All a government needs they already have it. now they are even trying to take over the Bitcoin code as well by talking about the Core team as villains and writing on placards about their $70 million debt to make it look like it's about the money.

[raahi]

In south-east Asian countries and northern America, apart from trade, cryptocurrencies are used for paying freelance workers and payments for server time and cloud computing this means that cryptocurrencies are directly proving to be a source of employment for the citizens, which is a decent bargain to regulate crypto.

[ubay]

The big worry about bitcoin or another cryptocurrency is the government cannot trace the user's financial, but i will use bitcoin as long as possible. I don't care about bad news or banned in some country about using bitcoin, bitcoin is freedom.

[Lauff]

if the Government of any country is not satisfied that he is just making a ban in their country just started using bitcoin between countries and has no authority to ban Bitcoin around the world. Again every Government has no authority to impose a bitcoin ban around the world