What Can Be Done To Make Government Legalize Bitcoin

[iranman]

Governments and states are at a loss, they do not know how to behave with absolutely new and still little known technology. But I hope that the followers of blockchain can realize this idea in practice!

[hibiscus]

  Nothing can be done to make the government legalize Bitcoin because Bitcoin is a decentralized currency and there is no control for the government in Bitcoin and no third party interference in Bitcoin transactions .Only the government with broken financial system will approve Bitcoin like the Western Europe, Germany,France etc they have faced several financial issues so they had to accept Bitcoin for the development of their economy . Even Japan has also legalized Bitcoin .

[mwaqar17]

Tax structure for bitcoin and other crypto currencies may be helpful in this regard. They are just afraid of losing their taxes,although it can be more helpful in term of earning. They need to be educated about the block chain technology. I don't know why they are not ready to move with the technology advancement. Old technologies are obsoleting rapidly. They might think about this when it become necessary for them to adopt this...

[crypto success]

I see time to be the only thing that can make government to legalize bitcoin, as times pases by so people become aware of the power of bitcoin with time a generation of leaders that believe in bitcoin shall come into governance hence its legalization

[muhammedb]

I think all we need to do now is to make them is the true future and value of this currency them fine interest in it so that they will understand the security beside it and secondly we need to stop posting unpositive post about this currency.

[jamota]

We can't force them. It depends on them if they want to authorize it and if they think that it has positive results in their country. We know that other people use bitcoin for illegal purposes so some of them think that is not good for their country. Let's hope and accept and respect their decisions.

[djcounter]

First of all, the bitcoin price must be stable rather than sharply changed.

[Bakugan]

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.

It depends on them if they want to legalize it in their country. They had the power to take over on the different decisions. But if they dont have any interest or plan on making bitcoin legalize in their country then we cant force them.

[tamradhwaj]

the day is not so far when cryptocurrency will legalized world wide. now so many people in the government doesnt have knowledge and information about advantage of blockchain technology. instead of focusing on negative side of bitcoin, why not to try to see best and positive side of this great technology or bitcoin.

[adnandanish102]

Actually, bitcoin is a currency on which no company or agency had a control and also it is not easy to be hacked or monitored by any irrelevant person.Also, nobody is responsible for any unexpected rate variation in bitcoin trading world and that's why investors find them in a great risk and this constraining the governments to to prohibit the use of bitcoin and thus bitcoin is passing with worst situations.

[uDwcHYO]

This tool needs more time, the adoption goes gradually but in the right direction

[regadly]

do bitcoin mass decentralized and anonymous our task with the government is the main preservation of the regulation of monopoly on breathing do not breathe and rengen all coins

[noisybit]

in my opinion, all that depends on the government that gives regulations in their respective countries regarding the rules to legalize bitcoin because not all countries legalize bitcoin so it might be very difficult to make bitcoin legalized or accepted in their respective countries

[Hasbro27]

in my country bitcoin is prohibited from using transactions, but if it's used for investment it's OK, every country has its own policies, with more and more bitcon users, maybe many countries will change their views about bitcoin and legalize bitcoin as payment

[Snaic]

In order for governments to better legalize bitcoin, it is necessary that bitcoin is used primarily as a payment system, and not as a means for investment. However, people will not cease to see in bitcoin mainly an asset, which is constantly increasing in price. It should be recognized that if people stop seeing it as a means to invest in order to make a profit, bitcoin will lose much of its popularity. It is also necessary that bitcoin is much more stable in price. This is also impossible to achieve because of its decentralized nature. Big volatility bitcoin existed and will always exist. Governments also do not welcome the relative anonymity of bitcoin and its very high cost compared to national money. I do not think that something can be fixed.

[Liaalif]

I'm sure the government will never approve bitcoin, even though bitcoin with its blockchain technology is fairly safe for data storage systems, but we can't do anything to convince the government to approve bitcoin, because all this time the government's view of bitcoin is always negative and consider bitcoin to be a high risk in the financial system

[online73]

Cool theme. In all countries, without exception, people from governments have done everything possible to uphold only their personal interests. Only by talking on television and giving interviews in newspapers, they are allegedly worried about our interests. Personally, I see the possibility of influencing the government to legalize Bitcoin, in the electoral system itself. To vote only for those candidates who are ready to promote the crypto economy into life, who understand this and are ready to introduce advanced technology into everyday life, Blockchain. There are no other ways. Of course, there is no guarantee that then your candidate, when elected to the government, will fulfill all that he promised, but this is at least some chance to influence these people.

[Dannaey]

The only concern of the government about Bitcoin is the anonymity feature of it. Since the government wants to prevent money laundering they require every individual to undergo KYC process.

[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 bitcoin is very trustworthy successful and potential and very popular crypto currency but in spite of all these advantages bitcoin is still a decentralised crypto currency and the reason being that there is no such proper authentic regulating body that could keep eye 👁 overall these bitcoin activities and most importantly the illegal activities associated with bitcoin like selling drugs, explosives and money laundering and I think forsorting all these issues , awareness is the biggest influence.

[kamoto]

Most likely nothing will help here. The very essence of the crypto currency does not like the government. Well, only if the Crypto-currency is not decentralized, then it will not prevent the state. However, then the whole meaning of the crypto currency is lost ... it will be just a digital currency ... which has very little impact on the world.