What Can Be Done To Make Government Legalize Bitcoin

[Sampson7]

The major and the mosr critical reason in view of which numerous nations are venturing back in legitimizing or authorizing bitcoin exchange, and even discusses prohibiting the reality their is no institutional or authoritive sponsorship behind bitcoin. Consider the possibility that something immensely wrong occurs in the bitcoin world and residents lose gigantic measure of assets, who is capable. Whom should we grumble? Is there any support or specialist against which we can dissent? Or on the other hand atleast ask help with?

This anonimity of bitcoin is making is unsafe for governments to transparently enable its natives to vest their wage into it. Its not just about decentralized thing and that administration is doing this since its not having the capacity to control bitcoin, dislike that. Regardless of whether bitcoin was, as a rule similarly famous as now, sponsored by some privately owned business, the administrations wouldnt have any issue with it.

So the self evident truth is that we at ground level can't do much aside from achieve increasingly trust over bitcoin in the market, and might be by observing immense client base and trust, government should seriously mull over legitimizing bitcoin exchanges.

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[julielyn]

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 think that a lot of processes can be done to legalize the bitcoin of the government such as the bitcoin tax filing of the government and so on but now the bitcoin is not illegal so the government does not support it so they can say that it is illegal .

[askdak89]

The Bitcoin market is full of profits, and the national government will not miss these opportunities.
So they are looking for opportunities and rules to regulate Bitcoin. Blockchain technology is similar to the Internet of the past and no country can ignore it.

[KID_28]

Someone from the cryptoworld should be able to represent the bitcoin community, something like cruptocurrency ambassador who will be the coice of the next generation currency.

[jonaire99]

Try to create a legitimate cryptocurrency group in your country and invite all the investors, supporters and enthusiasts in your country to become members of your group. If your crypto group grows big enough to make a voice, then try to petition your monetray authorities for bitcoin legalization. The leaders in your country should be open minded so they hear your petition.

[Dmitry.Vastov]

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.

Government is the one who is the supreme body of the nation and for using bitcoin or any other crypto currency or using anything, first you need to have permission with government. Governments of many countries are against of crypto currencies and they are even continuously demotivating people for not to invest into bitcoin and other crypto currencies. Governments needs to understand the real potential of bitcoin that how it helped millions of people to get employment and its introduction in any currency will always brings development to the country.

[jurelmartin]

There's nothing can be done specially we are talking about governments, the only thing that can be done to make it legalized is time, time for them to make a deeper study about bitcoin and how the technology works itself, kn that way theres a possibility that they will see the main purpose of bitcoin and what good can it be done if they can see that there are a lot of oppurtunities then theres a chance of legalizing it in a country

[acord00]

My country also forbids transactions using bitcoins. It's my big challenge for my country to be more open with the presence of this crypto currency. I will only share what I do to make my country's government begin to realize the benefits of bitcoin. I try to share positive news about the benefits of bitcoin to social media, eg facebook, twitter, instagram, and anywhere that can be read by government agencies. I share the news about the development of bitcoin and other recent crypto currencies. I also add caption or just criticism and suggestions for the news. That's an example of a small effort that I'm doing.

[Timere]

I think that this question will be solved by itself! Just use bitcoin and the government will sooner or later be obliged to legalize it!

[andreyka0308]

in my opinion, why so far many countries have been banned from crypto currency (bitcoin) since each state has encountered the moment how it can be regulated and how we all understand that this is practically impossible, this is a new era for many countries and they are afraid of making mistakes, but just a few years later they will not have to remain options as to the lawful level of accepting it, since we all understand that people will continue to invest in it their own means, whether the state wants it or not.

[cappy176]

Legalized or not bitcoin and crypto will still be used and are not going anywhere!

[PIR]

There's nothing we can do to make the country's government to legalize bitcoin, it still up to them to make a decision nor policy regarding it. but in the near future we can still hope that something good is going to happen to make great change.

[Zaibraid]

Indeed, many countries are still prohibiting transactions with bitcoin, including my country, Indonesia. I was initially very sad if I would get limited access to transact with bitcoin. But, thank Goodness, I can still work with bitcoin. A challenge for me so that my country can legalize bitcoin. However, as an ordinary people, I can not do much that can directly affect the policies made by the government. I can only share stories in social media about my experience using bitcoin. I honestly told about bitcoin. I also told if bitcoin is illegal because so far often bitcoin is used as a means of crime transaction. This is because the act of people who are not responsible without moral. I hope the government hears my heart and becomes more open with bitcoin.

[SaiWAFU]

Governments look for liability if something is proposing for government support. Since cryptocurrency is decentralized, no given body can be held liable for it to be legalized.

After it becomes legalized, it will be regulated and like the Chinese government wanted it will be monitored either by the bank or any government agencies.

[Elrozaq]

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.

The bitcoin is the future technology. Crypto currency will be needed in the future. The government should accept and legalize crypto, because no one can refuse the technology.

[manny morgan]

If the government can benefit from bitcoin i think for sure they will legalize it.

[criptoman83]

Governments control fiat. Central banks produce money, using so-called monetary policy. They also indicate how other banks work, monitor the currencies movement.When a private currency appears, the states loses most of its influence and they don't like it. When citizens use cryptocurrency, it is difficult for the government to track their income, and therefore to charge taxes. If all transactions are anonymous, how do they do it? The decentralized nature of Blockchain technology poses new challenges to the government. When it is clear how to solve them, perhaps the situation will improve.

[Finestream]

If the government can benefit from bitcoin i think for sure they will legalize it.

Right.But as of now the government of most of the countries have failed to see the potentials of bitcoin.They did not realize the goodness of bitcoin that it will bring particularly on our economical aspects.It will really uphold our individual's economic status so how much more if it will be use globally,then the effecf would be somehow global too.

[Bgbolahan]

We are talking about decentralized currency now,cannot be controlled by central authority. I think the only way by which bitcoin can be forced to be legalized is through mass adoption,if majority of the population in a country start accepting jt ,then government will give it full support.

[Yawuu]

Yes some governments are against bitcoin but this is not bringing bitcoin down. I think all we need is to give all these people time and in just some years to come bitcoin keeps proving how superior it is, most citizens of these countries will invest more and the governments will have no other option than to accept bitcoin for various transactions.