why do governments don't make BTC illegal worldwide ?

[MattLeBlanc]

People tend towards negativity more than something positive. Thats why cryptocurrencies are used more for negative social causes and if government thinks of banning crypto then people will start using it more and more.

[escalante28]

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 ?

If you are a bank owner, would you like what happened to the post office will do the same to your bank?  You see because of the social media site that increasing and very affordable to browse with, the post office in now useless. Why send letter through post office if i can PM and call you instantly? Same scenario to the bank. Bitcoin has a fastest transaction,  you send it anywhere around the world instantly , no need to fall in line and no documents  needed. Government and big banks will lose their income and taxes if they will accept bitcoin in everything, especially  the bank.

[Sevarchik]

i think its because btc can continue live if all country ban him and wordlwide ban can rise up big resistance in mass.
By this reason governments search moreeffective methods to stop crypto, and while he can do their job, prices going back for half year

[sumanto]

it seems that I can deduce from reading some of the information in the media that talks about why the government does not make bitcoin legal all over the world because the government may be afraid of bitcoin whose transactions can be seen by everyone and can be traced.

[sitbang]

because the government does not understand the details about the bitcoin or the system is on the move. so the government is afraid of losing to legalize bitcoin. yes, we are convinced that at some point a fast-growing or slow-growing government that does not accept bitcoin will legalize it.

[angelramirez24]

Governments like money. and in bitcoin there surely is profit. governments are seeing that they can squeeze some money from bitcoin and making efforts to do so. And also government i think are looking for ways to control bitcoin.

[Minerall]

Many countries had banned cryptocurrency. But in some countries like China, Balgium and Argintina it is allowed. So every country has different polices regarding this currency. Every country and their nation thinks well about their future. So this is up to them, that they may allow it or not.

[dutchkay]

Why would government make bitcoin worldwide illegal. Last I remember governments exists individually in their own different countries. So least they can do is ban bitcoin in their own different countries. Besides people will always find a way to make use of bitcoin either way. If it is that easy to ban bitcoin they would have done that a long while ago.

[Delinquency]

I'm wondering same thing too. There's only one reason that come to my mind: They know they won't be able to ban or restrict bitcoin because of bitcoin's nature. If they do that people find other ways to buy and keep bitcoin unregistered and illegal way. It doesn't look possible for now.

[Nelly.G0211]

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 ?

agree, but maybe they are also interested in getting profit by investing in crypto, or in some other way connected with crypto. I am sure it's something like this. Otherwise, they will forbid crypto long time ago..

[Cofuchu]

There are a few issues in Cryptocurrency and Bitcoin but that doesn;t mean the Governenment should ban it. Besides this, people have invested a lot of money in it. The governement authorities can't estimate the consequences when they ban the Cryptocurrency investing.

[kangbasir]

Instability of the bitcoin exchange rate is what makes the government worried may be in some countries that make the government reluctant to legalize bitcoin and consider it a threat but in every country around the world has responded to Bitcoin in various attitudes.

[joinfree]

Because they do not want to prohibite it on all the countries, that is why there are too many regulations, they just allow people to use it, but they need to pay taxes or just to owey with the law, that is the way that it works on almost all teh countries

[Lalapo08]

Making bitcoin legally recognized around the world is not an easy thing. Now many opponents of bitcoin for various reasons. Indeed bitcoin only limited product of sophistication of human hands that can not be separated from a weakness. But the government should not immediately give illegal status to bitcoin. I hope the government can provide legal status under various conditions. Of course this will make the motivation for bitcoin to make improvements and innovations so that the best solution we can take.

[pendong101]

They can easily bake it illegal they're the goverment but in this case they don't have any control or cannot control bitcoin/cryptocurrency because it's decentralized

[Rosa Paula]

The legislatures officially battling against cryptographic forms of money and bitcoin. In any case, it isn't easy to boycott.
Crypto is decentralized and can be unknown, regardless of whether the administration makes it unlawful, you can at present utilize crypto by p2p, dex or at the universal trade.
In genuine nations, the general conclusion checks and if individuals need to utilize crypto it will be difficult to make illicit.

[bilyboy]

Governments do not make bitcoin illegal because they use bitcoin to profit. Bitcoin is one of the most profitable stuff . For that reason, every goverment and company are using bitcoin. they double their money with bitcoin for sure.

[PM.coins]

it will not be possible, maybe they begin to realize the potential for bitcoin for the future. we know the progress of this very rapid and sophisticated technology will increasingly change the times become more advanced. I hope many countries can legalize with bitcoin. maybe that's what many people expect. although it is also difficult and takes a very complicated time.

[Solomonkingdom]

I hope many countries can legalize bitcoin. Perhaps that is what many people expect. Legislatures formally fight against electronic and bitcoin forms. Crypto is hierarchical and may not know, regardless of whether the government makes it illegal or not, you can use the existing cryptography by p2p, dex or global transactions.

[Fretcy]

The industrially and economically developed countries of the world are mostly accepting bitcoin to their country by analyzing the in and out of it and they  come to the conclusion that bitcoin is a useful one to increase the pace of their economy also they could realized that bitcoin will not effect the inflation and its value will be stable.Bitcoin was utilized to retain the economy  for some countries like Japan, Greece ,Brazil, Venezuela etc.