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Author Topic: Why government don't accept bitcoin???  (Read 876 times)
pkdas
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October 26, 2017, 04:02:27 PM
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There are many countries where bitcoin is not legal..Why they don't accept the better technology..I can't understand why they don't accept it??What do you think about this topic, please share..
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covfefe_
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October 26, 2017, 04:08:30 PM
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Tax. It's the major reason.
Anonymity, it's the second one and most troubling. Bitcoin can be used for money laundering and illegal business which is somewhat untraceable.

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October 26, 2017, 04:29:27 PM
 #3

Because gov does not get any tax from this.
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October 26, 2017, 04:32:41 PM
 #4

Because you Buy/Sell p2p no one will Know that make many use it in Dark Things
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October 26, 2017, 06:53:53 PM
 #5

Tax, money laundering, and above all the problem of banks. I think so

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October 26, 2017, 08:23:47 PM
 #6

governmet can't control cryptocurrnecy transactions so it will be hard to regulate taxes
cryptocurrnecy is the most used today in the black market
That's why govrnmet don't like it
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October 26, 2017, 09:46:06 PM
 #7

Control over a population's currency is a big deal, crypto threatens that control, shakes things up in a way that is not predictable.
Vivisector999
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October 26, 2017, 09:57:36 PM
 #8

Because Fiat currency is directly tied to the country, and the economy.  Cryptocoins are universal and not tied to anything.  Also Cryptocurrencies are still the wild west.  Far to many people out hacking/stealing ect.  And Wallets not as easy to use as handing someone a $20 bill, and 1 wallet update gone wrong, or every unbacked up wallet that occurs on a device that crashes add a pile of things that will cause the majority from accepting it.

As far as things like Anonymity and taxation.  Those are far easier to control with a cryptocurrency.  Fiat is fairly untraceable.  So I don't buy those as being reasons at all.

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October 26, 2017, 10:08:07 PM
 #9

Government = mafia.

They want to control you. And bitcoin can't be controlled. Ergo - government doesn't like btc.
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October 26, 2017, 11:18:55 PM
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I think because of security reasons. Bitcoin is the favorite money for hackers, criminals and hit men.

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October 26, 2017, 11:22:56 PM
 #11

Why they don't accept the better technology..I can't understand why they don't accept it??
One of reason of this , is the goverment (goverment that did not accepting cryptocurrency) they think that will kill their own fiat system even theirs a better technology behind crypto and they think they cant control crypto once they accept it.


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mr_enoc
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October 27, 2017, 01:19:57 AM
 #12

There are many countries where bitcoin is not legal..Why they don't accept the better technology..I can't understand why they don't accept it??What do you think about this topic, please share..

Government can't control the digital currency, the main reason why they won't allow us using bitcoin. The government also afraid that bitcoin will replaced money.

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Shohel_rana96
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October 27, 2017, 01:29:06 AM
 #13

Government don't accept bitcoin because,  government don't know clear  idea about it.
hildacitra
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October 27, 2017, 07:50:44 AM
 #14

bitcoin is independent and anonymous. and government doesn't have any right and authority to control it. so, they cannot put up the tax on bitcoin or people who are involved in bitcoin. 

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October 27, 2017, 07:53:07 AM
 #15

how can big brother steal from us if it cannot control us? must  be painful.
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October 27, 2017, 08:03:28 AM
 #16

Ha ha I saw many replies.There are lots of reasons.But main reason is government can't get any tax for transactions.That's true.

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October 27, 2017, 08:04:57 AM
 #17

becuase its a open legder where every can see whats your balance and activitities
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October 27, 2017, 08:08:42 AM
 #18

There are many countries where bitcoin is not legal..Why they don't accept the better technology..I can't understand why they don't accept it??What do you think about this topic, please share..

Well they can't trace all transactions for tax. And some people might lose their jobs if they can't afford to go with the flow of technology.

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October 27, 2017, 08:26:40 AM
 #19

Every government has its own currency. The value of that currency depends on the Export-Import Deficit of the country. If the country performs well, they do more exports than imports. Their currency value goes up.

With Bitcoins, the value of cryptocurrency is almost depended on the same logic. More Bitcoins in demand, more the value. However, Bitcoin performance is Global and is not affected by a country-specific performance. If governments start accepting bitcoins, they will need to do a lot of economic and financial changes. Plus a lot more macroeconomic factors that the government will have to take into account.

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October 27, 2017, 09:19:38 AM
 #20

There are many countries where bitcoin is not legal..Why they don't accept the better technology..I can't understand why they don't accept it??What do you think about this topic, please share..

because tax not pay on bit coin for the government. main reason this one. bit coin transaction is more safe and secure but here had no tax. one country growth depends on tax only then without tax paying services how to encourage government. in many major country's using bit coins but it has no tax. for that only one reason government may not accepting it. next one is illegal, people who doing illegal business like that people investing in bit coin investing in bit coin, no need to say and show our profit details so most of the people skipping tax for the government.
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