Goverments to go AGAINST Bitcoin

[jerlen17]

On my opinion into this, i think some countries against to bitcoin because they can't force the investor to give tax from their profit. But in my country bitcoin is accepted and they dont care if they dont get any tax from it.

[DoublerHunter]

I think that bitcoin are not totally against bitcoin because if they are against bitcoin then we can see the banning process of different governments for bitcoin because they are against bitcoin but until now we cannot see any of those but for just some few countries and that is a good sign that they are just waiting for the right time to fully use bitcoin and its technology.

[s31joemhar]

The government is the one who set standards and regulates the important aspects of the country. The main duty and responsibility of the government is to provide the people basic ways and means to survive.  The government always makes decision and actions in accordance of the law. Which is their main goal is to provide what is best for their fellowmen. The government is not against in the concept of cryptocurrency in their country. In fact they grab the opportunity to go with the flow of modernization.  Some countries cannot afford to deal with bitcoin ;not just because of they think it’s illegal but they know that their country is not yet capable for that opportunity. Many countries are not yet ready because they are civilized and lack of knowledge about the technology. Through this they cannot easily adopt the concept of electronic banking. The company and the people will suffer at the end, so that the government provide a law to protect the interest of each other.

[audrey12]

Some governments already did this in fact there are certain countries where bitcoin transaction is prohibited it is because they saw the negative impact of bitcoin which was somehow use in illegal transactions. This is something we should fear of because if more people will be caught doing illegal stuff using bitcoin chances are it can permanently banned all over the world

[Stef9292]

Probably government already tried to stop bitcoin but not with good result. The close of mtgox and btce was kinda strange, what you think about it?

[laravuemaster]

I think that government will have a huge problem when they banned bitcoins in their country because there are a lot investors that are already in this industry and if this will be going to shut down by the government then this people will turn to government and it will be a huge problem for them.

[LogitechMouse]

Maybe some governments are against bitcoin so their way of showing that the government is against it is banning bitcoin in their country. Because they can't control it and can't track the transactions, they believe that bitcoin will be a threat in their country so they are banning it. I think that is their way of showing that they are against bitcoin.

[lasry]

Most Governments (and banks) will be against bitcoin because it SCARES them. Because cryptocurrencies are off limits to them and wont be regulated by them in any means. Going to the fact that bitcoin will soon change the future it is intriguing how the banks are attempting hard to ban bitcoin. Since then bitcoin offers an alternative and easier way compared to banking processes it is then (maybe) the absolute reason why people in the government and banks are very wary of it.
But always put in mind that it is highly unstable and is really a big BUBBLE which may pop out in mid-air anytime. Well, who knows.

[e-coinomist]

Probably government already tried to stop bitcoin but not with good result. The close of mtgox and btce was kinda strange, what you think about it?

They had been related. Somebody copied the wallet.dat from Mt.Gox and washed the money through BTCe. Karpele's site going down had not been government interaction. Insolvency beeing insolvency.

Back on toppic, as Coindesk cited Choe Heung-sik (FSS South Korea, chief of the Financial Supervisory Service):
not exactly looking like someone beeing against bitcoin

"Though we are monitoring the practice of cryptocurrency trading, we don't have plans right now to directly supervise exchanges. Supervision will come only after the legal recognition of digital tokens as a legitimate currency."

[GoldenOrder]

Is there any chance goverments to go against bitcoin if they see its something against them??

This is not just possible, but inevitable in countries with autocratic governments. Governments which have total control, with no time for niceties such as freedom of the people, will hate being unable to control Bitcoin. At some point, they will begin a crackdown.

What about Belarus?. It's a dictatorship, yet they are planning on full legalizing bitcoins by next year.

[e-coinomist]

Is there any chance goverments to go against bitcoin if they see its something against them??

This is not just possible, but inevitable in countries with autocratic governments. Governments which have total control, with no time for niceties such as freedom of the people, will hate being unable to control Bitcoin. At some point, they will begin a crackdown.

What about Belarus?. It's a dictatorship, yet they are planning on full legalizing bitcoins by next year.

Just as a dictatorship they are free to change their mind at any time. On a democracy I would weight in such announcements onto further price discovery. Until Belarus has settled on facts they don't count.
Their surroundings might be of interest. Peer pressure upon small countries.

[plaintiff77]

Government is against bitcoin because has alot of potential that government wanted to get but they cant its because government has no hold in bitcoin,specially when it comes to tax,bitcoin has no tax so government cannot get income to it and it is very alarming to the government its because they cant track the transactions in bitcoin  and they also found out that terorrist and druglords uses bitcoin in their illegal transactions and also bitcoin offers less hassle or easier offers rather than banks so the government is really worry on it because the are afraid that alot of people will invest in bitcoin rather than bank because bitcoin keep on increasing.

[appleyard]

Is there any chance goverments to go against bitcoin if they see its something against them??

You can list it down as one of the limitation of bitcoin, government is the one who will ruin or destroy bitcoin in just one agreement if the world government announce that bitcoin is banned worldwide this is the end of bitcoin and also the community.

[betMaster]

Some countries consider bitcoin as a big threat. It can economically change the world map soon and some will take advantage of that. It also can represent a threat of national security. Taking advantage of the total security, bitcoin can be a way to fund some criminal activities. It's too bad to see some individuals use such a great thing like bitcoin in such low activities.
I hope governments figure out how to control these type of activities to avoid going against bitcoin which is the wrong decision.

[Baronggot]

That's may be the reason why some countries have already ban bitcoin in their country because bitcoin can really be used in illegal activities since it is decentralize and transactions are super anonymous that government could not trace it.

[tientien1]

Does the government fight bitcoins or does it prohibit bitcoins from operating in the territory?
In my opinion, bitcoin does not affect the government, it is only difficult to control with bitcoin income, bitcoin to help the economy of the country stronger.
Bitcoins are very difficult to control in terms of income and taxes are up there in so many countries banned bitcoins

[iqlimasyadiqa]

Is there any chance goverments to go against bitcoin if they see its something against them??

That is very possible once because there are currently some governments that support and also prohibit the use of Bitcoin. Maybe they are still thinking about the impact of using Bitcoin. Personally I feel that the government might be against Bitcoin, they should think about how the economy in the country can be stable. If they are not ready then Bitcoin can disrupt the country, while if they are ready then Bitcoin can increase the level of a country's economy.

[supermine]

Does the government fight bitcoins or does it prohibit bitcoins from operating in the territory?
In my opinion, bitcoin does not affect the government, it is only difficult to control with bitcoin income, bitcoin to help the economy of the country stronger.
Bitcoins are very difficult to control in terms of income and taxes are up there in so many countries banned bitcoins

The biggest advantage and disadvantage of bitcoin is anonymity,so their country people can easily use bitcoin for illegal activities so some countries decided that they don't want such type of currency for them so they banned it.But bitcoin will help in increase the economy level of their country people so some countries legalized bitcoins.Maybe governments have to make rules for using bitcoin in their country so it will allows the country's people to use bitcoin with some restrictions.And also stops from totally banning the bitcoin.

[Rubble898zaitO]

They can try but the way I see it they will just put regulations on bitcoin instead of banning or removing it.  People will always find ways to use bitcoin no matter what. Bitcoin can also be lucrative for a country so why would they go against it? They can impose taxes on exchanges if they want to to generate revenue for the country.

[Btcvilla]

Is there any chance goverments to go against bitcoin if they see its something against them??

I don't think it's for all governments. may have occurred in some countries, but basically technological progress can not be separated from human life itself. including digital technology and bitcoin are inside. I think gradually the government will inevitably involve itself in bitcoin and crypto.