why do governments don't make BTC illegal worldwide ?

[airdrophunter]

the governments of some countries make legalized the cryptocurrency to pay the taxes of bitcoin user they regulated it.

Not all governments are banning bitcoin because every country has its own views on bitcoin and the cryptocurrencies. Others think its a threat on their country's development as they know that bitcoin is a decentralized currency. On the other hand, others also think that cryptocurrency can help lift their economic status that's why they embrace the said technology.

[greengate01]

In different countries, different bitcoin recognition and appreciation will be validated by government and some countries recognize the value of bitcoin and may help their developed country to accept Get it

For me,I think the government will not make BTC as illegal because bitcoin helps the economy.The only thing that government are scared in bitcoin because of the revenues and taxes.I hope the government will legalized BTC soon.

[Crypto24hrs]

For governments to succeed in their war against BTC worldwide it means that all the world countries has to agree and speak in one voice,but quit unfortunate opinions of countries differ when it comes to use of BTC. making it impossible for such a wicked consensus to be riched.

[Jay51]

Cryptocurrencies poses a great threat to the government and banks especially. We have seen how easy and cheap it is to make bitcoin transactions

[daicavung]

Because BTC is not just a government regulation, they are widely spread around the world. So maybe some countries accept and some countries do not. So there is no reason why the BTC is banned all over the world.

[Kuchiyose]

Btc is illegal in certain country because it is used by some people for illegal transactions. The governments bans bitcoin because they knew it some kind of money laundering, and sometimes btc is being used in illegal drugs and other illegal actions.

Always different responses from every government in another country. They thought of making a bad case for their country in the presence of Bitcoin.

[TropicalDog]

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 ?

Bitcoin can be used for money- laundring thus it is a great tool for criminal. Governments are afraid of it, but banning bitcoin is not a good idea, they cannot prevent people from using this anonymous currency

[Kimchu kuno]

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

Government don't make bitcoin legalized because they can't manipulate it.

[aliichaudhary]

Because some people are using crypto to make their black money as white.

[sneeze11]

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 governments do not make bitcoin illegal worldwide because there are some country that accepting it because they know that theor cointry will be better if they accept it.

[sheamus10]

There may be some reasons but if I think the government is very difficult to make regulations about the use of bitcoin transactions. So it will be the consideration of every government in a country.

[Sergio444]

There seem to be so many issues of the government and bitcoin issues here. I don't know why much attention is being payed to governments and their concerns with bitcoin. I my country, I hardly hear of the government talking about issues of bitcoin. Well, governments believes that the coin helps fund terrorism and scams in some countries. Probably, that is one of the reasons. Beside, bitcoin raises a hell lot of amount from the economy, yet transactions are not taxed.

[Muspion]

the government will never be able to, because already many people support bitcoin and use the current bitcoin and bitcoin is the king of cryptocurrency and crypto can not be regulated by the government. Bitcoin is also the best asset to invest in and many people use it to help the economy

[crea8ivemoiz]

Beyond the difficulties presented by the decentralization of bitcoin itself, governments and regulatory bodies have shown they lack understanding of technological topics, and bitcoin is one of the most complex. As governments struggle to ban technologies like Tor and encryption, it seems impossible.

[megatrix]

Well for me the answer is simple, the governments worldwide know that they cannot just ban something as big as and as awesome as Bitcoin. Especially now that Bitcoin has changed a lot of lives already, the whole world knows about it and most of the people are utilizing it already as a means of earning and investing. Governments would not want to look bad in the eyes of those people who are working and earning through Bitcoin.

[josephpogi]

On what legal grounds?

Maybe in a totalitarian communist regime bitcoin can be made illegal, but in the free world a legal case would need to be made. I have never heard one, have you?

You don't need to live in a totalitarian and communist regime to experience banning of something. In EU for example, laws have been voted to ban glyphosate (Monsanto Roundup) use for example. In some countries of the free world some gov's plan to make the use of a bicycle with helmet illegal so why not BTC ? If a government judges it as a tool for money laundering they can decide to vote a law to make its use illegal.

Bitcoin is full of risks involved, starting from the virtual presence without a physical state to the risk of hacking. When a central controlled investment scheme goes as a scam, the people complain and the government take necessary action. With bitcoin lost is lost forever one can't raise it as an issue anywhere else. This makes governments stay away from bitcoin.

[bakekang]

Because some governments find bitcoin helpful in their nation, it help some people in their society to find income even they have no job. Some governments ban bitcoin because they used bitcoin for illegal acts.

[Rossy Akbar]

Well, I mean it doesn't really important to make btc illegal worldwide as long as those government can manage the crypto system and making a taxes for the bitcoiners. Also I'm pretty sure that most bitcoiners using btc with a good way not in bad way. So, it's kinda good deal between crypto lovers and the government.

[Alns]

because in some countries bitcoin is considered beneficial and helps the country's economy, so in some bitcoin countries are not illegal

First of all, it helps people to earn money and be independent of the government. Government and politics still want to help or to your money in their pockets.

[anam17]

I think  banking system from cryptocurrencies is only a small part of the upcoming reform. After all, there are already projects based on blockchain, which provide banking services for cryptocurrencies.