why do governments don't make BTC illegal worldwide ?

[taeewo]

Its not easy for them to do that and wont be a good decision since they know the usefulness of the blockchain technology and what is gonna solve in future.

[HasiViraj]

Government are not in a state of harmony with each other and they don't impart a typical enthusiasm to respects to Bitcoin and other digital currency. Others essentially to appended to their framework and anything new, they will consequently dismissed it without knowing the advantages they can get from it while others are excessively open for changes and in goal to lead the pack as far as innovation and developments, they happily grasp any new innovation in the market.

[riyarana1123]

Because in actual Government do not regulate the BITCOIN and if they are not regulating it how can they make it illegal.Moreover there are several reasons that why Governments from different nations are not make it legal or illegal.Digital currency as the world is now connected with Internet Bitcoin is also run with with internet so how the governments can ignore this factor.In addition acceptance by people all over the world<BITCOIN has so many investors all over the world who generate so much money in the society and also pay tax to the government so governments can't make it illegal because BITCOIN provide make benefits to the society such as work from home,easy to understand and operate etc.

[Tan_avia)vl.]

You have correctly judged, with the advent of Bitcoin people will not turn to the banks for loans and loans. How was it before? No money to buy? -You are going to take a loan to the bank. And now you can participate in the bounty or mine and all-you have money and banks you no longer need.

[Coinworld98]

The governments may not want to legalize Bitcoin because they feel it might not be in the interest of the commercial banks and the central banks as well. If Bitcoin is fully legalized, most people will ignore the banking halls for their financial transactions.

[Lovecrafter]

It seems to me that banks are beginning to implement their own detachments, privately owned. Just about this is not destroyed, I think the results will be seen in 1-2 years

[automaticmoney]

the reason why governments don't make BTC illegal worldwide is they can't control bitcoins bitcoin is completely on public control decentralised network

[snaper14]

but what if btc would serve as a currency which is quite good for the governments as well politicians who are in it. Wouldn`t be there much more opportunity, to use it for their own interest ? So why make it illegal.? 

[kalstarzz]

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 this is not a threat, even some countries are willing to accept bitcoin, it's just that the state still needs time to find a way or solution from the problems you mentioned above.

[stefy77]

Even if they wanted they would not do it. It's already too late. They will have to adapt.

[stefy77]

If governments outlawed bitcoins, so many conundrums would be enlightened in understanding the financial tyranny that would become so obvious. And the governments would lose the consensus even more.

[bitterdog]

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 the reason behind the banned that some countries do, is because they know how risk bitcoin was. Beside that every country has different rule regarding to bitcoin.

[fortnite]

They don't do it illegal worldwide , because alo they are buying bitcoins also they are investing in it , they understand the importance of cryptos , that's why I think they don't make illegal worldwide ...AS you know they want to be more rich ....

[Bugsbey]

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 and blockchain is risky. The government is afraid of this because this could be used by those selfish people. It can be a help or q disaster to people.

[frey_oh]

The answer is not possible because it could lead to the problem in the country, for the case of trivial alone could cost the state, let alone with digital currency may be a little complicated to set up to the Constitution in it.

[DaveWave]

There are already governments that are branding bitcoin as illegal. But not all especially the modernized and the high technology countries. These modern countries know the value of crypto and how it can help their citizens. This is why many people are investing early because the future is clear that crypto will become very very big in the near future.

[denzkilim]

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 this is not a threat, even some countries are willing to accept bitcoin, it's just that the state still needs time to find a way or solution from the problems you mentioned above.

You're right, And it also takes a lot of time to make new legislation and it will take a lot of money to pass a law that is suitable for the citizens of a certain country. We all know governments don't want people or their citizens to be autonomous in terms of the usage of crypto currencies, they always want to take control of everything that is under them, to be honest majority of the governments in this world want their citizens to be like puppets. Anyways it is not a bad idea to legalize the usage of crypto currencies in every country because this will give relief and peace of mind to every investors and make the crypto currency community grow bigger and make it even more stronger.

[ElaineGanda]

Some countries can't make btc illegal because they find it beneficial to their country and industry. They are predicting that btc will help their industry to boost up for improvement that is why they support it and they regulated it.

Many countries are seeing it the other side which is the positive side of bitcoin. It is a revolutionary technology and it is safe and secure. A government should think of it as an alternative to Paypal or other online companies taking advantage of the ever growing online transactions. A real  government is something that wants to take care of its people and providing them what best it may serve to them.

That is correct, with time many are gradually learning the benefits of the blockchain technology and its ability to expand their respective economies so not all governments around the world can unanimously agree to rendering bitcoin illegal. A handful of them like China i think will agree to this but not the majority around the world.

How I wish that the government of a particular country will focus on the benefits and helpfulness of blockchain and crypto to their country. Coz I am thinking that some governments are just supporting crypto because of their own personal benefits, not for the sake of the whole country.

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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 ?

On that perspectives, banks is the main factors on how we can exchange virtual money to a real money so that's the main point in some of the governments allow BTC to transact on selected banks. It much wiser to used a virtual money than the real money.

[Jolyp]

You are correct bitcoin can influence the bank's framework. However, the issue is even the administrations make the bitcoin illigel around the world. They would not have the capacity to close it completely for a reason of decentralizing ability of it. With the assistance of the innovation on this age. The administration doesn’t have control over all digital currency. the government is still afraid to accept bitcoin to be illegal, because bitcoin prices are so fluctuating that prices can go up or down very quickly. the government does not want to be responsible for public losses.