Goverments to go AGAINST Bitcoin

[JohnBitCo]

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

I don't think any government of the world go against bitcoins, Because bitcoin is improving economy of every person. Bitcoin helps a lot of unemployed to improve there lives. Government should look there advantages rather than disadvantage. Maybe in future instead of going against the bitcoins government start supporting it.

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[nagatraju]

I hope that the most of the developed countries will support bitcoin, because it caused too much interest at the population...and prohibitions can cause a riot

[Fappanu]

I hope that the most of the developed countries will support bitcoin, because it caused too much interest at the population...and prohibitions can cause a riot

That would be a milestone to the bitcoin community being supported by developed countries.  But actually I think bitcoin is already supported by those countries.  Not just declaring that it is legal but knowing bitcoin and allowing it to their government then it means that it is already accepted. 

[taiwww]

Many countries which allowed bitcoin as a legal currency now deciding to ban or regulate bitcoins. Bitcoin is a decentralised peer to peer exchange currency. So it is difficult for the government to keep control over its transactions. All bitcoin transactions get recorded in a public ledger called blockchain so no one can break or trace it, as a result government cannot impose tax on it. Indonesia recently put a complete ban on bitcoin by giving reason that bitcoin is creating a threat to their fiat currency. Australia is banning/ regulating bitcoin because, bitcoin is getting used in drug trafficking and terrorist activities.

[HongKong]

Some countries are all ready going to against bitcoin. Because they have no control about bitcoin. They can not collect any tax on bitcoin. And the think it hamper their national economy.

I think all the countrys are goin to get used to bitcoin and they are goin to support now that im thinking about it. Because , they cant just go against bitcoin like 1-2 countrys and the rest of it flow with it. They got to come to an agreement.

The government is going to go after Bitcoin because they are using that coin to get more fiat and the government does not like that. That is why they tax Bitcoiners.

[Kprawn]

I hope that the most of the developed countries will support bitcoin, because it caused too much interest at the population...and prohibitions can cause a riot

You should rather hope that the under developed countries should adopt Bitcoin, because they stand to gain the most. A lot of

the third world countries have a huge problem with unemployment and technologies like Bitcoin bring a lot of opportunities

and informal job opportunities. Cross border micro payments will also help to alleviate poverty in these countries. The problem

is most of these governments are being ruled by dictators and communist regimes. 

[mward19]

kinda hard to stop anything they don't have control over like the dollar ect. if anything they will try to tax it ect.

[ABIR HASAN]

The government of my country is announcing Bitcoin Illegal. If those who are involved are caught, then twelve years in jail.
There are many similar problems seen in many countries.

[Ailmand]

Some countries governments may go AGAINST Bitcoin considering the loss of taxation, threat to the governance loosing hold on the country.
May be criminal activities using bitcoins can not be detected due to decentralisation and a law and order of the countries can be affected.
Since every technology has pros and cons like that way different countries may face different challenges to make it legal so can go against it.

I think many governments are afraid because bitcoin csn cause a lot of changes and defer from the norm. At present, cryptocurrency market poses a threat to the taxed income of some countries because crypto is something that is quite sensitive to regulate due to its charscteristics. That is why many countries nowadays are gunning to regulate or tax crypto use for their advantage.

[Ahimoth]

Many countries which allowed bitcoin as a legal currency now deciding to ban or regulate bitcoins. Bitcoin is a decentralised peer to peer exchange currency. So it is difficult for the government to keep control over its transactions. All bitcoin transactions get recorded in a public ledger called blockchain so no one can break or trace it, as a result government cannot impose tax on it. Indonesia recently put a complete ban on bitcoin by giving reason that bitcoin is creating a threat to their fiat currency. Australia is banning/ regulating bitcoin because, bitcoin is getting used in drug trafficking and terrorist activities.

here in my country, dont know bitcoin too well. they always thinks that bitcoin is a scam, many tv networks here already created a news that bitcoin is not true and dont trust it, thats why many of my friends warn me about this one because of that fake news and im so pissed off because of that.

[dbutp]

It is no surprise that our government banned bitcoins. Although bitcoin has many benefits and helps people make a lot of money but bitcoin is a digital money, it's transactions are made through the internet, so the government can not collect taxes, the development of bitcoin has an impact  to the benefit of traditional bank.

[kriptotr]

Many countries which allowed bitcoin as a legal currency now deciding to ban or regulate bitcoins. Bitcoin is a decentralised peer to peer exchange currency. So it is difficult for the government to keep control over its transactions. All bitcoin transactions get recorded in a public ledger called blockchain so no one can break or trace it, as a result government cannot impose tax on it. Indonesia recently put a complete ban on bitcoin by giving reason that bitcoin is creating a threat to their fiat currency. Australia is banning/ regulating bitcoin because, bitcoin is getting used in drug trafficking and terrorist activities.

here in my country, dont know bitcoin too well. they always thinks that bitcoin is a scam, many tv networks here already created a news that bitcoin is not true and dont trust it, thats why many of my friends warn me about this one because of that fake news and im so pissed off because of that.

In some countries, governments are officially oppose bitcoin usage. Some of the countries are more free for bitcoin usage. They can totally ban bitcoin, this is not possible.

[anhhung409]

I think the government is not against Bitcoin, because if it's against Bitcoin it's gone for a long time. On the other hand, Bitcoin made the government lose control of its currency and sovereignty. Bitcoin helps people to trade worldwide without any contract or agreement between countries.

[ItsEzMkay]

I do suspect they will struggle to deal with the reality however I don't think they have enough power (I may be naive here) to simply destroy the network by grabbing bitcoins and selling them to crash the market. We all know two thirds of bitcoins are being held and not moved therefore since only one third of the bitcoins are out there is that enough to crash the market? I am no good at math and would actually like to know the answer because then maybe I would actually fear them a little bit for what they could do. Although that is what they could do, I highly doubt they will do it big difference.

[darefreads]

I think that governments are not ready to like bitcoin for now, they can't accept what bitcoin can do than their fiat and that's really awkward for them. And maybe they are against to bitcoin but many people are trusting to bitcoin and they can't change the faith of peoples who trusted bitcoin.

[maimainguyen05]

A lot of governments are doing this case for now. They're trying to ban Bitcoin in their country to be able to control people living in their country. Bitcoin is not easy to control even US, country has most modern technology still can't control Bitcoin totally so I think there are no country can do it. When they can't control Bitcoin and can't get taxes from Bitcoin income, they'll find the way to ban it, it's the best option for them .

[wagi]

Some countries governments may go AGAINST Bitcoin considering the loss of taxation, threat to the governance loosing hold on the country.
May be criminal activities using bitcoins can not be detected due to decentralisation and a law and order of the countries can be affected.
Since every technology has pros and cons like that way different countries may face different challenges to make it legal so can go against it.

Yes,  bitcoin also include the technology which has pros and cons.
Aonothet reason also government against bitcoin because government only think about negative side of bitcoin.
For example, the high fluctuatition of bitcoin has made a lot lost of the citizents in some country and government mark bitcoin as dangerous investment and they will try to against bitcoin.

[besiramidi]

Although bitcoins are becoming more and more popular in the world, most countries do not accept bitcoins in exchange. Bitcoin is anonymous so transactions can not be tracked, which makes government difficult to manage and collect taxes. I think that in the future when the government can manage bitcoin, bitcoin will be recognized around the world.

[xenxen]

as long as bitcoin user didnt abuse and affect to the goverment they cant against instead they support bitcoin. i think some goverment use bitcoin also because this is not traceble for they illegal activity..

[GeorgeEden]

as long as bitcoin user didnt abuse and affect to the goverment they cant against instead they support bitcoin. i think some goverment use bitcoin also because this is not traceble for they illegal activity..

Well Bitcoin is traceable so i dont think they would do ane illegal actions with bitcoin...