why do governments don't make BTC illegal worldwide ?

[tdtduy]

Since the ban on the use of virtual money will not contribute to the development of the economy, the authorities, in obedience to the world trend, are making attempts to take this sphere under control.

Well they don't really agree on a lot of things, these governments. Every one of them have different views so for some governments, crypto can be beneficial and for some, it needs to be regulated more.

I also think that is so. If all countries around the world determine that Bitcoin is illegal, Bitcoin is clearly illegal. But in every country there is a different view, we have faith in Bitcoin's legality and legacy. It is understandable that Bitcoin has both good and bad aspects in terms of usage value. That proves, Bitcoin exists is clear and worth using.

[Le Anh]

There are many factors that affect it,Due to different problems or different reasons of each government agency in the world.Yes indeed there are some institutions that have common thoughts and principles that are approved by each government or country.But in these modern times,these agencies only regulate the lands and oceans of each country

[lamigos]

Influence is small, and progress is zero.

[KonstantinosM]

Simplest answer? They can't do it!

It takes a lot of political fiat to censor the Internet. The government, the music industry and the film industry couldn't stop torrents.

And say they ban it. Say they make it completely illegal. Say they make it as illegal as streaming or downloading movies. Will people stop doing it?


Have people stopped downloading movies?

[Catch-22]

Why would they? Contrary to the beliefs of conspiracy theorists, not all governments are evil. A lot of them do care for the welfare of their citizens.

[romantic007]

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 ?

It is. But things might've get worse if they did because, you know, they just can't prevent people doing crypto. Of course, crypto wouldn't be so global but the illegalness of it wouldn't do any good.

[Tunapress]

Because they give a push to really useful ideas and products that can support the improvement of the economic sector. Accordingly, if it is beneficial to the government, they will support unconditionally, so many countries have adopted bitcoin, such as it well influences economic performance.

[Star_Bucks]

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 isnt directly a threat to banks, and its not like bitcoin will rob a bank. bitcoin and cypto can be a way to make the society a better place and a profitable one. i dont think making yourself your own bank is bad, it is safer and much better in that way. bitcoin isnt a storage for money though.

[dimbaba]

No government has the right to ask the government of another country to recognize a currency as legal or illegal.it could eradicate corruption if it is being implemented in a government system.

[conceivedspoon2]

It is not possible because governments around the world are not the same. There are different perspective of different government to the world and adoption of cryptocurrencies. Businesses are improved and opportunities arise around the world of cryptocurrencies. It favours some government, does not favour and makes no difference to some.

[knggtrrz]

It is not possible because governments around the world are not the same. There are different perspective of different government to the world and adoption of cryptocurrencies. Businesses are improved and opportunities arise around the world of cryptocurrencies. It favours some government, does not favour and makes no difference to some.

Yes they all have different understanding about bitcoin and its use, also there are some countries that don't mind bitcoin now as there are many main problems that needs to be solve first.

[deepakg2m]

The whole world is not yet united . So reaching on a particular decision together is impossible right now.Also there are some countries which are very developed and if will make BITCOIN illegal in their country,it would not affect their growth. But on the other side, there are some countries which are still developing and take BITCOIN and CRYPTOCURRENCY as a way of development.

[aladlanie04]

Governments don't make Bitcoin illegal because they adapting the blockchain technology in several institutions functions, how come they can ban or declare illegal of bitcoin with same function technology . maybe they bring regulations or can impose any tax or any rules for the trading purpose of buying or selling to avoid money laundering issues from exchanges, thats why all exchanges ask for KYC . maybe  some rules to bring bitcoin as legal in the global world because of financial activities can happen beyond the  boundaries.

[gokudera]

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 do not make bitcoin illegal worldwide because there are some country that accepting bitcoin. Actually they said that they do not ban it because they still hoping to control bitcoin.

[Fear]

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 ?

People are still having a lack of trust in bitcoin. We dont have an example of positive conclussion, that would be visible for everybody. i.e. if some countries will be already using BTC.

[Banulit]

The government don't make bitcoin illegal worldwide because on my own prediction the government wants to legalize the bitcoin to have a taxation.

[ZonaCrypto]

Because the technology of the blockchain is trying to implement financial sector activities. And blockchain technology in some cases is very profitable compared to current data processing technologies.

[hools1122]

Because some government believe that bitcoin in their country will be a big thing that can of course help them to grow up their economy. Many people use bitcoin nowadays because of its different and very unstable value that can make your money big.

[buternasek]

bitcoin is based on internet and it is hard to ban or illegalize all because miners got it by mining and nothing wrong or illegal they are doing. solving math problems are not illegal.

[Kasliono]

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 thing that make government don't make BTC illegal Worldwide because of they believe that it is a good Technology. Also, the thing that make it illegal is not because of the bitcoin, but the way you use bitcoin as an user. When you use it to do Money loundrying or buy some drugs and so on, it means that you are that doing something illegal, not the bitcoin.