What Can Be Done To Make Government Legalize Bitcoin

[soraxas01]

Reasons why bitcoin is not allowed in some countries is that they couldn't put taxes on a currency they are not able to touch or even controll. Bitcoin is an online currency in which its value is volatile meaning the value is uncertain i doubt government would bot he pleased if a person with bitcoin used it as a payment in which the value rose.

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[bitfocus]

We need to use bitcoin on a massive scale, also, we need to help the Bitcoin community by starting accepting Bitcoin as a regular payment method, I think this might help to achieve government acceptance.

[brickafterbrickwalldpt]

There is nothing much we can do beside trying to convince politicians not to prohibit cryptocurrencies. We all know that governments and banks are usually working together so it might be really difficult if in our countries there won't be any support for keeping cryptocurrencies legal. Some countries with economical problems have already banned Bitcoin. Fortunately, South Korea seems to understand why Bitcoin is important and they are not going to ban it. I still think that it's too late for governments to get rid of Bitcoin by trying to make buying it more difficult.

[Kotone]

Is no longer news that various countries of the world are not in support of Bitcoin either as a means of payments or for trading purpose. This are been a challenges most Bitcoin users are facing throughout the countries of the world inexception of few countries.

I have begin to see it that maybe they are thinking that adoptions of Bitcoin might bring a partial collapse of the banking system and also a means of curbing money laundering.
So, let hear your views on what can be done to make our government realised the important of Bitcoin and Blockchain Technology.

We just need to make them see that bitcoin is not at all bad it just functions the same as the physical money that we are using and depending on the person using it it can be both good and bad. That is why a knowledge and information drive is important that way, a single voive can turn into a combination of the voice of a massive community that can inspire or force them to make a move regarding their discretion on what bitcoin and the cryptocurrency market is

[ipinkang]

So sad in my country using bitcoin to trade, i mean if you buy something this is illegal action, so if police known someone using cryptocurrency to trade  you will go to jail, and i hope my goverment will follow japans goverment to legalize bitcoin and other crypto .

[bitcoinrunners001]

The major and the mosr crucial reason because of which many countries are stepping back in legitimizing or legalizing bitcoin transaction, and even talks about banning it is the fact that their is no institutional or authoritive backing behind bitcoin. What if something tremendously wrong happens in the bitcoin world and citizens lose huge amount of funds, who is responsible? Whom shall we complain? Is there any backing or authority against which we can protest? Or atleast ask help with?

This anonimity of bitcoin is making is risky for governments to openly allow its citizens to vest their income into it. Its not only about decentralized thing and that government is doing this because its not being able to control bitcoin, its not like that. Even if bitcoin was, being equally popular as now, backed by some private company, the governments wouldnt have any problem with it.

So the matter of fact is that we at ground level cannot do much except for bring about more and more trust over bitcoin in the market, and may be by seeing huge user base and trust, government might consider legitimising  bitcoin transactions.

This is true.

[vv181]

It's hard for governments to regulate something beyond their control. And I doubt even though the governments successfully regulate it, the regulation will be biased and centralized. In many cases, governments will only try to remove the decentralized essence, and forcing all the business deal with cryptocurrency required a KYC verification.

[KuyaBreezy]

There is  very little or almost nothing we can do to make the government legalize BTC, Governments operate on different policies and we cannot have a deciding factor on how they operate. The only way Governments will ever legalize BTC is if they are able to trace its transactions and  tax it. That way they will be able to closely monitor it, It will mean BTC will lose its independence bu the concerns such as its use to fund criminal activities will be sorted out the government

[joebrook]

It's hard for governments to regulate something beyond their control. And I doubt even though the governments successfully regulate it, the regulation will be biased and centralized. In many cases, governments will only try to remove the decentralized essence, and forcing all the business deal with cryptocurrency required a KYC verification.

They feel it’s far easy to ban Bitcoins than to regulate am sure they considered the pros and cons before they came to such a decision but I believe Bitcoins later tend to be come a source of capital for every country that decides to legalize and and regulate it lik how people pay taxes whenever they convert their BITCOINS to FIAT.

[Chandler32]

There is  very little or almost nothing we can do to make the government legalize BTC, Governments operate on different policies and we cannot have a deciding factor on how they operate. The only way Governments will ever legalize BTC is if they are able to trace its transactions and  tax it. That way they will be able to closely monitor it, It will mean BTC will lose its independence bu the concerns such as its use to fund criminal activities will be sorted out the government

It is the govts themselves who should find a way to regulate and afterwards legalize Cryptos. Being in this business is quite profitable and would be a win-win for both govt and businesses.

[AurumService]

I think that officials will realize the need of legalization of cryptocurrencies as soon as more and more institutions and people are involved in the industry. To legalize such important thing that affects people`s lives politicians should know all the advantages and disadvantages of cryptos. There`re no signs of soon death of fiat money but more widespread implementation of cryptos will ease many processes and gave people more opportunities for their wellbeing.

[bitcoinman93]

Is no longer news that various countries of the world are not in support of Bitcoin either as a means of payments or for trading purpose. This are been a challenges most Bitcoin users are facing throughout the countries of the world inexception of few countries.

I have begin to see it that maybe they are thinking that adoptions of Bitcoin might bring a partial collapse of the banking system and also a means of curbing money laundering.
So, let hear your views on what can be done to make our government realised the important of Bitcoin and Blockchain Technology.

I believe the strongest argument for governments is that if you don't legalize bitcoin, you can't legalize blockchain. And blockchain is carrying real value for many fintechs, so they would go against themselves...

[kangbasir]

I think what the government should do to make users safe is one reason Bitcoin Users are increasing as well as national legislation programs.

[callmeback]

Well bitcoin is not yet popular in other country and has not been noticed by all countries so it just need some time until it gets legalized by the country to be part of the worlds cryptocurrency. We all know that governments and banks are usually working together so it might be really difficult if in our countries there won't be any support for keeping cryptocurrencies legal. Some countries with economical problems have already banned Bitcoin. Bitcoin to be accepted needs to have a stabled value but in that idea bitcoin will just be a currency rather than an investment.

[martina14]

nothing much to be done,
let them see what bitcoin is capable for the people of their country.
BTC will give be impact in the whole world and will help people who are not rich to grow their funds and have a new life.
once this happened which is happening now in process, governments will legalize bitcoin for sure.

[Kprawn]

You are the people with the vote. You should hurt them where it hurts them the most... at the voting poles. If your

government is against Bitcoin, then you should replace them with a government that are Bitcoin friendly. I feel strong

enough about Bitcoin to change my vote, when it comes to the next general election. Are you? You should also concentrate

your attention on the positive things that Bitcoin bring to your country. {New Jobs / New Tax / New tourism potential}

[lordmick]

In order to understand in what cases the government legalizes Bitcoin, you need to know why it does not do it. First, the anonymity of the cryptocurrency creates the conditions for financing terrorism and laundering proceeds obtained illegally. Secondly, it is difficult to determine the object (income) of taxation and get income tax from it. Solving these problems will allow the government to take steps to legalize Bitcoin.

[SolutionBase]

You gain influence over the government in two ways: you create blocks of voters too big ignore (you need enough people who essentially become virtually single issue voters that can essentially jeopardize a politician's career) or you pay for influence (lobbyists, super pacs, political donations). Since crypto emphasizes decentralization and anonymity, its going to be hard to organize something, so the second option is definitely more likely, except that in that case someone has to do the "paying" - and since you don't have a base to organize easily, its probably going to be more dependent on a single/handful of rich crypto holders to organize something like that.

[neymarjunior50]

so many country goverment try to control it but its naver happen becuase its totally decentralized currency . in future every country goverment will be legalized it .

[Jessica2009]

Some countries has legalized Bitcoin and some governments do not legalize Bitcoin, to my point of view that is because they do not understand fully what is Bitcoin they may be thinking that Bitcoin is used only for criminal activities and to buy drugs so they fear Bitcoin to be legalized .Important fact is that there is no identity of the users of Bitcoin and Bitcoin value fluctuates it is not stable and the government fear that banking system will collapse if it is legalized.