Government and Bitcoin

[tamarindbleu]

Why, until now, government all over the world still doesn't trust bitcoin?

For me there are still some goverments doesn't trust bitcoin because they dont know that many people have a chance to have a good income with bitcoin, and until now some goverments doesn't trust bitcoin because bitcoin is open for everyone so even the criminals can used bitcoin.

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[poisonivy77]

Why, until now, government all over the world still doesn't trust bitcoin?

Government and bitcoin are not compatible enough to begin with if the government have to get hold of it, there goes the regulation and taxes it will be clearly be unfair, let bitcoin remains for what it is.

[swifer]

because I think the government is still not familiar with bitcoin perfectly ...
maybe also the government is afraid bitcoin in wrong use by irresponsible parties ..

[VUKIMTHAO]

In the future governments will trust and recognize the blockchain platform.

[Lalapo08]

Many state governments still do not trust bitcoin because bitcoin has lately lost its existence. Bitcoin prices are getting down and fluctuating. This makes bitcoin increasingly losing trust than its users. Indeed, there are some countries that have allowed transactions using bitcoin. But if bitcoin remains outdated then other crypto currencies will replace bitcoin positions. Bitcoin is also left behind in technology. There are other crypto currencies that are faster in terms of transactions and block sizes. The technological system in bitcoin is also outdate. Bitcoin is also used for crime so the government is hesitant to give confidence in bitcoin. Bitcoin is a victim of irresponsible people.

[fbtdarkhorse]

It is not all over the world anymore because some countries are already accept bitcoin in their place. But majority the government for every country does not like bitcoin and its OK as long as there is changes that is a big success for btc.

Most likely to remain a few countries in which do not accept the BTC. And in countries where it is allowed, taxation will be established.

[Darker45]

Why, until now, government all over the world still doesn't trust bitcoin?

There are remaining countries that appear have a very strong stance against Bitcoin. There are certain reasons for this. Included in these reasons is the fact that Bitcoin appears to be anti-government. It is being perceived as a way to conduct transactions away from the suspecting eyes of the government agencies tasked to monitor all the movements of the country. The government would never allow this as this might be abused by a lot of frauds.

[Crypto Mark]

Why, until now, government all over the world still doesn't trust bitcoin?

Bitcoin socialization is required. Bitcoiner must participate in order to support bitcoin programs. I hope events such as international seminars, symposiums, and discussions through focus group discussions (FGDs) "are needed to address many issues including legality.

[MISERICORDAE PROJECT]

Governments across the world are still studying and implementing scenarios of the pros and cons of Bitcoin and other cryptocurrencies in general. Regulations, Authorizing/Creating Blockchain Ecosystems, Banning Exchanges, National Bans, Launching National Cryptocurrency, etc are all the results of these studies. In the end, there will be much light at the end of the tunnel because the benefits outweighs the disadvantages.

[setsuna_gray26]

Why, until now, government all over the world still doesn't trust bitcoin?

No, you are wrong, some of the government of every country doesnt trust bitcoin, not all government. Some of the countries today are accepting bitcoin, not just the government but also some stores, I dont know what is that country but it is true.

[Farahtenan]

Why, until now, government all over the world still doesn't trust bitcoin?

I think there are already many governments who trust Bitcoin. Yes though still, more do not like it. But I believe someday all governments around the world will love and use Bitcoin in their respective countries. We can only see the development of Bitcoin until the future.

[velereumyos]

because the cryptocurrencies of his nature are decentralized and the government cant keep them under surveillance, they are currently only making rules to govern them.

[bigblackdeck45]

My simple understanding is government likes to control over things and likes to assert its superiority. Bitcoin being new to them makes it hard to control or manipulate. They also see bitcoin as a threat to their superiority that is why they hate it. Government cannot also make money out of bitcoin transactions and they can't tax it as well. Governmwnt hates it when they are losing tax money.

[Azkabal]

Cause the price is not so stabil, and from their point of view it is a big bubble.
But some politics like in Ukraine buying BTC like crazy. Of coarse on the country's budget=)

[Rooster101]

Why, until now, government all over the world still doesn't trust bitcoin?

They can't control bitcoin because it is decentralized digital currency. All they can do is to monitor it many exchanges but they can't take any measure when the coins is used in illegal means in their country. Some countries has already legalized bitcoins but they also imposed regulations on crypto exchanges that in their areas. This countries will only trust cryptocurrencies if they can able to rein it effectively.