What Can Be Done To Make Government Legalize Bitcoin

[manfredmann]

Nothing because it is the government find its way to legalize bitcoin in their country. As some of the countries nowadays are adapting and accepting cryptocurrency through regulations and even ICO projects should be registered in a concern government department that will surely ensure people that will going to avoid scam ICO projects. This will encourage also to some people to join in cryptocurrency.

[tkaush]

I think for governments to legalize bitcoin first they should understand and see the positive or bright side of it by understanding the true potential of bitcoin as a currency and a an investment asset which is happening today for some extend but according to my understanding it is not enough due to that many governments knows only about the illegal things that are done using bitcoin potential features by criminals and bad business people which could happen for any new invention. I hope there will be a huge change in this situation in the near future 

[improvegoup]

Many governments fear bitcoin for use in illegal purposes. In my opinion, we should present any regulations that would make our government aware of the importance of bitcoin and blockchain technology. I think bitcoin is very beneficial because by using bitcoin, my economy gets better. But we are bitcoin users not to worry about this because the government is not our parents and not our god.

[DJ_Rick]

they will understand that there are many advantages for everyone and will do this in the future. nobody knows how much time is needed maybe 5 years or more but this will definitely happen

[Trivelius]

nothing needs to be done by the governments themselves will come to this and soon!

I myself think that we cannot do anything to legalize bitcoin, except to continue and increase the use of bitcoin in our daily life, i think that as soon as the bitcoin users will increase there will be more chances for bitcoin to become legalize, i think if we will increase pressure on our government , they they may be start thinking about to legalize bitcoin.

[Bitcoinislife09]

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.

Maybe I don't think government will accept the use of bitcoin. First and foremost is that it cannot be controlled by anyone. Because of this, government will not be able to trace the users of bitcoin. Reality speaking, government sees thing important if they have the power to regulate it. Also the issues involving bitcoin must be proven to be false for them to consider it. Well, we users should advocate and spread more words about bitcoin to get more investors.

[Gheka]

nothing needs to be done by the governments themselves will come to this and soon!

I myself think that we cannot do anything to legalize bitcoin, except to continue and increase the use of bitcoin in our daily life, i think that as soon as the bitcoin users will increase there will be more chances for bitcoin to become legalize, i think if we will increase pressure on our government , they they may be start thinking about to legalize bitcoin.

Even if you increase the use of bitcoin, the pressure on the government is still not enough because the number of bitcoin users is still very low, many people are still afraid of bitcoin, even against it, so the government will definitely feel that legalizing or not legalizing will not be too important a thing, it does not have any effect on the country. In addition, the government is still in the process of finding solutions to manage and control bitcoin, if this is still no concrete solutions, the legalization of Bitcoin is still a distant story

[tamquocchi33]

From my point of view, The government only accepts Bitcoin if bitcoin can be decentralized and the government can control them

[roperto222]

I do not know how the rest, but I plan to put in my city bitcoin-terminal . Maybe it's not be so popular now , but in nearly future...

[SixOfFive]

Actually I think we cannot do much for making the government legalize the Bitcoin. The government has the ultimate power to take any decision. Whenever there is any negative news about crypto in the market people start selling out their investments. So the only thing we can do is to hold on to Bitcoin and show our full faith and trust in it so that government is forced to legalize it.

[hv_]

http://www.crypto-nation.co/blockchain-act-liechtenstein/

https://www.lcx.li/


https://cryptovest.com/news/cyprus-financial-regulator-cysec-sets-up-blockchain-hub/

[gamechangers]

No government can be pushed beyond what they think is good for them at any given time, whether it amounts to selfishness or otherwise. Countries like Germany, South Korea etc were not compelled by anyone but they embraced it once they see the reason. Many other countries will do same.

[Fenixsfeather]

Bitcoin isn't in doverment interest, because thay will have problem taxes. Problem of low taxes. And nobody can control bitcoin, so some stupid people can loose their bitcoins and nobody can help them. What they will do?

[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.

As we all know that many countries has legalised bitcoin transactions in their nation like South Korea, japan, Germany, Brazil and few more countries and these countries are witness that after the legalisation of bitcoin , they has made a tremendous progress in their countries, a boost in their development and increment in the GDP of the country and I think all the remaining countries should once look at these statistics and should think once that how much the legalisation of bitcoin is beneficial for the nation.

[jake zyrus]

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.

For me , I think they will legalize bitcoin if they are able to control it. We cant force them . It depends on them if they want ro legalize it and if they think that it has positive outcome on their country. Well we know that other people used bitcoin for illegal purposes so some of them thinks that its not good for their country. Lets just hope and accept their decision.

[Falconmytyh123]

I agree with you. Some countries have indeed legalized bitcoin as currency but for side who hate, bitcoin is a threat for they assets. Indeed bitcoin can't forged but bitcoin is shaped digital not physical like another currency. And my question is how to reduce that risk? How about that?

[Herbys]

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 the lack of legalization Bitcoin is due to the fact that the government is not sure about the real cost of BTC.
At this point, Bitcoin's value reflects the degree of investor confidence in him.

[Assface16678]

The bitcoin as a crypto currency is still very young and has not been noticed by all countries so it just need some time until it gets legalized by the country.

Bitcoin only needs time. The government should realize what are the importance of bitcoin especially to the economy. As you can see, in every country there are more likely people who are poor, rather than those who can eat 3 or more times a day. This only means that there are more poor people, and with bitcoin, it can help.to.lessen or even eradicate poverty because of its function in the society of today. Bitcoin can give work to individuals who are unemployed. Bitcoin can help.us to have a brighter future.

[nicko122]

I think the most important thing is to continue to believe and use bitcoin for your own purposes. Invest in it, use where possible. This is the best support for bitcoin in my opinion. Perhaps in the future, governments will have to consider with cryptocurrencies.

[jozymens7]

The governments have made up their minds not to accept or legalise btc and nothing can change their minds except they sit down and realise what they are doing and come back to their senses.