Government fears Bitcoin

[Elmughni]

Crypto Currency is like a Sun powering up the people all around the globe who wants to change the world who are passionate enough to bring changes.

“It’s the top notch opportunity for reaching to the financial freedom”
That’s the reason some governments don’t approve Bitcoin because they already know the Strength of new decentralised digital currency market,if it goes up then the government will have to come down.

It’s just my opinion about Bitcoin ban
What are your thoughts?

I agree mate, every country  has a own currency and the country want their currency will exist not replace another thing  it is the reason why government fears bitcoin. it is my opinion.

[RockHenki]

I think that the Government wants to control the money and property of the people, the Government feared bitcoin because they fear it change the currency of the country, but with blockchain technology at present the Government does not control it and I believe that in the future more people guess get and use it for a long-term and stable economic investment.

[Getmon]

Crypto Currency is like a Sun powering up the people all around the globe who wants to change the world who are passionate enough to bring changes.

“It’s the top notch opportunity for reaching to the financial freedom”
That’s the reason some governments don’t approve Bitcoin because they already know the Strength of new decentralised digital currency market,if it goes up then the government will have to come down.

It’s just my opinion about Bitcoin ban
What are your thoughts?

I am with you in this line of thinking. I am also convinced that the majority of the governments that remain adversarial to the idea behind Bitcoin and the whole of cryptocurrency are afraid that their strong power and influence will wind down because of the very strong sense of freedom that cryptocurrency is espousing. The governments will be the ones that will be on the receiving end of this all.

[Coleth]

Not all countries feared bitcoin, in fact they are opening their government for Bitcoin and other altcoins. But we cannot remove the fact that many countries has fear to accept cruptocurrency in their places because of some scam issues in their countries.

[VBCryp@]

well, I think that the main concern is bitcoin because the Government cannot control the bitcoin, and currently bitcoin is used illegally to criminals, and I think that that the Government feared most was that country's currency changes do affect the price treatment of the lives of the people.

[money_amount]

If the government can manage this market, it will certainly help so much that the economy of that country grows. And if the government can not manage and control this market, that's a concern.

[CarylnBoy]

of course, the current high value bitcoin for the encryption market, it was created by blockchain technology so the Government could not control it, now the criminals use the bitcoin with the purpose of using money laundering and the Government fear bitcoin change the currency of their countries.

[heureca]

Of course, governments try to regulate big money turn over as it was BTC and other criptocurrencies in last year. So they do not fear BTC - they try to regulate it and use its money turn over

[BlueBitc]

The government is not prohibiting or not accepting bitcoin as a currency in a country that is feared by the government because it will apply this to all people using bitcoin that difficult especially those who do not understand the world of the internet then the government will continue to review the bitcoin so it would be accepted in all the world as a transaction but can also be used to buy an item.

[jademacoy]

No not really the government were only foreseeing the possibilities that will happen in cryptocurrency and of course as a concern agency for the welfare of all constituents the government are taking advises doing something as to show their concern instead of doing nothing and might blame them for not giving an advise and will be marked as incompetent. We all know that this is how they work and literally it is just an advise and they could do nothing about it since we are the owner of our investment and only we can decide what to do with our investment in cryptocurrency. So do not just overlook on the goverment because in reality they don't really that care about us. They just care not to be blame for not doing something in regards to cryptocurrency if it will fail. However, the result in investing crypto is the opposite on their speculation and we are now doing great in crypto.

[serveshkmr]

What about the Indian government?

[7Dyoknga5]

Crypto Currency is like a Sun powering up the people all around the globe who wants to change the world who are passionate enough to bring changes.

“It’s the top notch opportunity for reaching to the financial freedom”
That’s the reason some governments don’t approve Bitcoin because they already know the Strength of new decentralised digital currency market,if it goes up then the government will have to come down.

It’s just my opinion about Bitcoin ban
What are your thoughts?

These kind of topics never ends. Bitcoin will never be feared by governments. I believe in bitcoin's innovation but no one can do anything if governments decided not to support it. Fiat money was used way beyond history can specifically tell and it's still used until today.

Bitcoin offers an alternative method for online transaction, so whether we like it or not there's still the conventional way to do transactions.

[Miraz69]

Yes, if the government wants it can do it. As long as the crypto will retain their position. Because no side effects of the cryptocurrency have not been reflected. I think it will be beneficial for any government.

[Elrozaq]

Crypto Currency is like a Sun powering up the people all around the globe who wants to change the world who are passionate enough to bring changes.

“It’s the top notch opportunity for reaching to the financial freedom”
That’s the reason some governments don’t approve Bitcoin because they already know the Strength of new decentralised digital currency market,if it goes up then the government will have to come down.

It’s just my opinion about Bitcoin ban
What are your thoughts?

it is possible, in several country the governmet fears bitcoin will use to illegal acitivities. it is the reason why.

[BennyK]

Crypto Currency is like a Sun powering up the people all around the globe who wants to change the world who are passionate enough to bring changes.

“It’s the top notch opportunity for reaching to the financial freedom”
That’s the reason some governments don’t approve Bitcoin because they already know the Strength of new decentralised digital currency market,if it goes up then the government will have to come down.

It’s just my opinion about Bitcoin ban
What are your thoughts?

The uplift of a decentralized world of digital or cryptocurrency won't necessarily have the governments coming down. There are more aspects to Government than just financial affairs. Decentralization only gives the power to own control of ones financial affairs and this power is what the banks and government fear to lose.

[toast]

Crypto Currency is like a Sun powering up the people all around the globe who wants to change the world who are passionate enough to bring changes.

“It’s the top notch opportunity for reaching to the financial freedom”
That’s the reason some governments don’t approve Bitcoin because they already know the Strength of new decentralised digital currency market,if it goes up then the government will have to come down.

It’s just my opinion about Bitcoin ban
What are your thoughts?

for now in my country do not prohibit in accessing prohibited bitcoin is sale and purchase transaction using bitcoin without through state financial institution

[Emran4567]

Govt fear bitcoin because it is decentralized digital currency, and no one can control it.The government forbids bitcoin because the government only knows if crypto can only be obtained by investing, and then many of its people use crypto, and then the government is worried if the investment is a scam, so the government bans crypto for use.

[chalbinov]

Yes governments fear BTC… and they rightly should. But not for what the first thought that might come into people’s minds which is BTC taking over as a universal currency. While it may not be a head to head competitor just yet, it can rival for certain types of transactions. What they mostly fear is not it’s ability to anonymize transactions for criminal use, but the seed of the ideology that the people can gain wealth outside of their controlled financial system.

[dewi91]

the government fears bitcoin because they are assume that bitcoin will give bad affect for their economy and bitcoin can disrupt the stability of local currency whereas it has not been proven. they are always negative thinking about bitcoin without knowing that bitcoin can help a lot of people in their country to improve their economy.

[Epimetheus]

Yes, of course, government does. At least until they arent able to control everything in crypto... It's a question of the time cos they have started to own it.

Government always fear on those  thing in which they have no control. Because of decentralised nature Bitcoin doesn't comes under control of government term and conditions. Bitcoin currency  provide better advantage in comparison to an country currency. Due to this many people using Bitcoin instead of an country own currency and this thing affect their country economic growth by lowering the international market price their country own currency. Bitcoin directly or indirectly affect an country own centre bank. Like those above reason there are also other reasons are present due to which government fears Bitcoin