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Author Topic: Why government don't accept bitcoin???  (Read 869 times)
SacriFries11
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October 27, 2017, 09:36:42 AM
#21

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 also concerned about the money-laundering and illegal activities like terrorism and transaction of drugs. Due to decentralized nature of bitcoin,  they can't control over the money of their people. But with the good reputation and increasing price of bitcoin, I know they will change their mind and opening a legal concerned about virtual currency.

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maduranga
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October 27, 2017, 10:12:38 AM
#22

in our country the government still didn't know even what the bitcoin is .even they knew but never accept it because they need taxes

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October 27, 2017, 10:15:51 AM
#23

The government do not accept bitcoin because it is not ready yet, we all know that bitcoin works with the internet network, if accepted then there will be many demands from regions that do not have internet access.

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October 27, 2017, 10:50:34 AM
#24

Because it does not include any tax.
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October 27, 2017, 11:16:42 AM
#25

One reason is the government don't like the concept of Bitcoin and this is because of the anonimity of Bitcoin that they can't manipulate how Bitcoin Circulate through-out the country. Therefore they can't Launder any money from the peoples Taxes. Another reason is they are too close-minded and can't accept the idea of using bitcoins as their fiat.

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October 27, 2017, 01:29:49 PM
#26

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..
I can understand that some countries can not accept bitcoin because they can't generate fund from it.  Taxes were not payed and it kills businesses that require manpower. And the fact that they can't manipulate and earn from it also circles.

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October 27, 2017, 03:45:35 PM
#27

why government don't accept bitcoin because they are not aware about bitcoin and we don't pay taxes to all the income that we get here in bitcoin and if they know about this bitcoin and how much what we get here for sure they will pursue to collect some taxes in bitcoin.

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October 27, 2017, 05:07:39 PM
#28

The bitcoin was created in the last few years, and it is highly valuable because of the benefits it brings, but it also has disadvantages such as unstable prices, because anonymity should be used by bad guys, That is why the government has not allowed bitcoin to be legalized.

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October 29, 2017, 10:03:20 PM
#29

How can they control you otherwise?
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October 31, 2017, 01:14:19 AM
#30

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 the government can not impose a tax on bitcoin owners of course and the government can not monitor the development and owners of bitcoin transparently.

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October 31, 2017, 01:21:35 AM
#31

Government doesn't accept bitcoin because the government always wants profit. Likewise, government wants every "business" or every transaction to have "tax". If the government will recognize bitcoin, then all the people would probably just clicking on their phones, laptops or computers the whole day. Imagine if they would just stay at home and won't work anymore, government will not be benifitted anymore.

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November 11, 2017, 09:30:54 AM
#32

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.
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November 11, 2017, 09:41:00 AM
#33

Because bitcoin is out of control and no one can track you or know more information about how much you earn  so that government not accept bitcoin
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November 11, 2017, 10:02:24 AM
#34

Coz gov can issues money as much as they want without BTC.
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November 11, 2017, 04:29:55 PM
#35

Don't know about this reason. but I think government don't know about bitcoins anything.
just share my think.
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November 11, 2017, 04:34:38 PM
#36

The state is primarily interested about themselves and not about the people living in it! Tax. This is the main reason.
Anonymous, this is the second and most disturbing. Bitcoin can be used for money laundering and illegal business, which is somewhat obscure,plus the accountability of citizens,why did the government successful and rich people,they want SLAVES,and only 5-10% rich and the rest of the attendants,so it is not profitable.

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November 11, 2017, 04:40:34 PM
#37

even today bitcoin is still not legalized by many governments, it has many disadvantages like unstable and anonymous so can not be control by any government, so it is very important bitcoin have to be controlled by government.

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November 12, 2017, 03:44:10 PM
#38

probably because of the legal uncertainty about bitcoin, money laundering and crime costs are very likely to occur in bitcoin.

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November 12, 2017, 04:05:28 PM
#39

I think, they don't accept bitcoin because they assess that the price of bitcoin is still not very stable.

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November 12, 2017, 04:10:36 PM
#40

they know it will ruin their plans
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