Why government don't accept bitcoin???

[BADecker]

The only reason Government doesn't accept Bitcoin is that Congress hasn't made a law that says that they can. Many people in Government accept Bitcoin on a personal basis.

[TheGodFather]

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 think it is due to the fact that the government and the world leaders are still trying to figure out how to deal with bitcoin and cryptocurrencies as a whole. tHey want to regulate and tax it I assume but it takes time and that is why they are evasive about it

[yuto7]

It's because it's tied to the vested interest. But I'm going to accept in several countries.

[Isaak Bitcoin]

Some governments never legalize those things that they can not control.
Other governments see in bitcoin an unprovided bubble that can make a poor population.

[arnobs007]

Because of taxes. And if government don't get taxes it'll be great lose for them, one more reason can be that is money laundering..

[coinoutraged]

It's a more advance technology, but much harder to use for the average person. And also very volatile.

[Lodipetmalu]

They don't accept yet that bitcoin maybe because they need to pass a bill first regarding the acceptance of bitcoin. And that, they need a dept undestanding how bitcoin works and its culture. Perhaps, there are more things to be prioritize than that. Hoping that in the near future, bitcoin will be accepted.

[cryptoon007]

In my opinion, the reason why many countries don't accept Bitcoin is because it takes away the control they'd have had on huge transactions since it's anonymous. China put strict laws on the cryptocurrency. Now, Russia wants to start it's own cryptocurrency "Cryptoruble" under the orders of President Putin. This is all to curb Bitcoin's influence.

[SamboNZ]

Some government do not want to accept bitcoin because many of their bank will be bankcrupt due to the characteristic of bitcoin that is much more cheaper and profitable than storing your money to normal banks.

[Master Third]

I agree with most of your saying here guys. Why will give support to something in return for nothing (the mindset of the corrupt politicians).

[clarkgeneral86]

I think when any new thing comes out and impact on the economy, there will be fierce opposition. When it proves its historicity, all countries will accept its existence.

[Agniya]

I think so too. The government has a great fear of losing control. And their income. But the spread of crypto currency is inevitable. I hope this happens quickly.

[Cryptolupus]

In part because they still don't understand what happens, in parts because they don't know haw to manage it

[ivan_8d]

As we know, Bitcoin = freedom. Government don’t want to lose control. It is too easy to understand

[Cryptomagnus]

They are scared that will loose their power

[pablopsantos]

They do not like cryptocurrencies because they cannot taxa It, the technology does not allow them to suck the blood out of society.

[olazet1993]

Bitcoin are anonymous and freedom and goverments don't like those features.

[syf1717]

Fiat government can print, to start the printing machine, harvest the wool, bits than decentralization, don't accept government regulation, can't control, threatening legal tender status, certainly the government are address and suppress, but the current development, more than status on bit more firmly

[Douglasyukanov]

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..

in my opinion some state governments do not directly reject the bitcoin, they can not accept bitcoin because they have not understood about the application of digital currency also about its use in its country.
of course the governments of these countries need to review all things related to bitcoin, they also need to draft standard regulation of bitcoin and its use in order to protect the interests of the state and its people.

[Procrustes]

Bitcoin are anonymous and freedom and goverments don't like those features.

imo it is so new that legislation is running behind. Legislation is the usual means of control. The law is, as Bastiat concisely said, “legislated force”. If the law fails, then it is back to good old fashioned grift and violence.

If they can’t mooch the golden eggs, they will roast the golden goose for dinner.

Also, right now, clearly money is pouring into cryptos and it is a new frontier. We know this even here, as there are many posters from all over the world who hope to create a new situation of wealth for themselves and their families.

This is truly a new development.

Governments will have to be advised by people that understand what is happening and that requires a set of new skills. Government just isn’t in a situation to adapt that quicky.

Bitcoin is only the beginning, but given its historical role, also as entrepot to other cryptos, especially given time to confirmation, it is going to continue to rise. It is more like gold, old money, even though it is not even ten years old.

Governments care not much about this sort of thing, as long as they get their cut.

What is really interesting is bitcoin was created as government and banking elites prepared themselves to go fully digital and make all depositors become unsecured creditors to fiat banks, ie directly steal from depositors! As if debt and inflation was not eniugh, they are so greedy!

A truly anonymous, decentralised, low to no fee model of exchange is an obvious choice to confront them with, but we are not quite there yet. For now, we live in a remarkable historical moment.