Government fears Bitcoin

[JoshKulot]

Hell yeah, the government fears the bitcoin or the cryptocurrency because they cannot kick back on it or cannot corrupt on the money that people holds. They fear on Bitcoins because they cannot stole money on people. Every government official wants money and that was their strength to live for. Now we will see the real MVP on the government. This is on my own opinion guys. Have a nice day.

[Indrawan77]

Bitcoin is a new technology and because it is decentralised the government cant touch its user, so the government is panic and afraid that all of the transaction wont be able to be controlled by them, the government want everything under their control and the governments afraid that one day all people will used btc and fiat will be less circulated

[ezekhiele]

Government must legalized bitcoin in our country because it will help to decrease the poverty, unemployment and crimes. It will also help to uplift the life of many people. Government must not fear bitcoin instead they must help to one another to make each people to succeed. It is good to change fiat money into digital money. It will make the world progress.

[spngebob]

I don't think they fear bitcoin at all.
They handled it very nicely, we all have to pay high tax, we are earning, they are earning, bitcoin is helping economy and everyone is happy.
If they have fears they would have banned bitcoin and mining long time ago.

[Ctn]

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?

May be. Or they could just bothering that it will disturb the financial system of the nation and thus will halt the developments due to insufficient taxes paid and brought into the nations development. Bitcoin's decentralisation makes it harder to track each and every movement of the BTC-invetment and thus it could slowly destroy the economic balance and thus cause problems. I mean I would have been government and I was told to take the decision on this regard then this would have been my way to think about it. Its kind of decision making for the sake of nation but not the fear at all.

[max1616]

As Bitcoin expands, bankers and governments will increasingly get worried and call for stricter regulations. However, Bitcoin will prevail and remain censorship-resistant.

[Lebovsky]

The higher the popularity of bitcoin, the more concerned governments and owners of large banks. This is due to the fact that bitcoin and the blockchain system do not have a controlling party. And the blockchain excludes any taxes or interest rates. The whole essence of the government is to control all financial relations in their country, but with cryptocurrency they will not succeed. That's what they're afraid of.

[Ology]

Anything that government doesn't have control over, doesn't suit their approval 

[Crypto_Freezy]

Some governments banned btc and some supported.. Only very few countries banned. Most of the countries stay neutral. So its no need to be afraid to buy more btc. This is the best time to buy btc..

[Cakalasia]

I don't think they fear bitcoin at all.
They handled it very nicely, we all have to pay high tax, we are earning, they are earning, bitcoin is helping economy and everyone is happy.
If they have fears they would have banned bitcoin and mining long time ago.

Bitcoin is the most popular digital currency in many countries and it's decentralized currency, government can't touch it they can not control the bitcoin.

[data_teks]

Government fears Bitcoin because of that they could loss some control of fiat money and many people will use bitcoin or other crypto currency and will forget about paper money.

[dreadfullICO]

Governments do not fair, they cannot control and regulate it and often crypto is harmful for economics, it may influence national currency, this is the reason of all the restrictions all over the world.

[aileen393332xe5157]

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?

Bitcoin is the pinnacle of modern financial technology. When Bitcoin is developed and used, the current banking system does not meet the realities. Banks that do not want to lose the role of holding and regulating currencies must be encrypted and have legal policies in place to manage Bitcoin. Do not let Bitcoin grow freely. At that time the role of the government was to manage Bitcoin. Nowadays, many government officials are undertaking a research project to manage Bitcoin, not to develop freely, without letting illegal cases take advantage of Bitcoin to operate ... Before governments can manage By Bitcoin, they will try to limit it. That is understandable.

[Singbatak]

True, and I think the government fears the Bitcoin because they cannot hold, and they think that it can use by the terrorist without their even knowing. Because Bitcoin is still the free currency.

[aileen393332xe5157]

Government fears Bitcoin because of that they could loss some control of fiat money and many people will use bitcoin or other crypto currency and will forget about paper money.

I think at the moment modern technology is being developed by the nations. For Bitcoin it is an unconfirmed government encryption system for managing and regulating Bitcoin. It has many advantages if it is developed freely, people will choose Bitcoin. While Bitcoin The government will not have any taxes from this market, it will affect all areas: economy, politics, culture, education, foreign affairs ...
While the Bitcoin market is in the process of capturing and managing, the government will limit its development.

[Putunembah]

I don't think they fear bitcoin at all.
They handled it very nicely, we all have to pay high tax, we are earning, they are earning, bitcoin is helping economy and everyone is happy.
If they have fears they would have banned bitcoin and mining long time ago.

yes, the government is not afraid of bitcoin, but the government is once again thinking about how to legalize bitcoin, and to this day many people can be helped with bitcoin, bitcoin can help people to improve the economically disadvantaged people to be a little bit better, and with the presence bitcoin they can help, and I hope the local government will make the right decision for it.

[lauranaura67]

I don't think they fear it, it's just that they aren't crazy about it. Governments could have banned crypto a long time ago if they wanted to. If btc reaches $1M in the future it's because the governments allowed it. They can pass the law ruining the crypto industry whenever they want, but I don't see it happening. They want to regulate it and tax it.

[Missterio]

bitcoin is dangerous for bankers and the financial system. That is why they are against the crypto currency. Because they are afraid for their business.

[Family2930]

I am not sure but maybe government really fears Bitcoin. Bitcoin is a tax free digital Currency, That's why many country's government doesn't want it. If bitcoin will accept from all over country then we will go to the Mars for sure.

[realcrypto]

Government are trying to fight cryptocurrency because they know that cryptocurrency is the pathway to financial freedom of a common man. cryptocurrency will make the government irrelevant since many people are loyal to government in order to receive payment.