Governments and Bitcoin

[jayanath123]

The government have a major role in BTC, When the policy making law and regulating with there central bank, so link with those institute.

[biskitop]

I am very excited to read the articles you write. sya assuju that bitcoin is a sophisticated technology as a means of payment and not a container for terrorists to make transactions. because many people are making use of bitcoin as a profit they get, and the government can not take all of it from them.

[Usafstar]

As i have studies about bitcoin and the governments interference in the crypto market and many governments are very against of bitcoin and other crypto and many of them are friendly to bitcoin and crypto but the idea changes with time may the country is ban bitcoin they may allow bitcoin later on.

[Shreek]

the majority of governments are too dependent on Conventional Banks, where in my opinion the existence of bitcoin is not so getting a positive response from conventional banks
Bitcoin threatens the existence of banks with various projects arising, so that conventional banks and governments begin to give negative doctrine to their people

[eashikde]

Some say that a complete transfer of finance to the digital world would mean an end to Bitcoin, but a non-governmental decentralized crypto currency has a lot of advantages at this time over everything that the government can create. Therefore, the transition to a digital currency can become a reality

[Giftedcrypt]

Bitcoin and government used to be on parallel lines not until recently that most government of different nations are embracing the technology bitcoin Carrie's.. And they are both aligning..

[thepers0n]

Of  course there is a big problem of government control. Every country have very strict rules. But cryptocurrency can become  an alternative to real money, what will be suitable for lots of people all around the world

[shadowduck]

I think that the state plays a decisive role in the state of crypto currency! Yes, it's given to the anonymity of people so that states can not interfere in the personal life of citizens. But at the legislative level, the state can prohibit the use of crypto-currencies, which will greatly affect the course of the crypto-currency and may lead to death (

[1van__]

I think the vaccination in the past will introduce a tax on crypto-currencies, since bitkin is the currency of the future and they will not bypass this issue by the side

[Epimetheus]

Different government have different opinions on Bitcoin. Some government work with Bitcoin where as some government ban bitcoin in their country. Chinese government ban bitcoin in their country because bitcoin is a decentralised currency which affects their country own currency, and this thing ultimately affects their country economy. Isreal and Bangladesh government ban bitcoin in their country because many anti social people using Bitcoin for their criminal activity. Japanese government show positive attitude towards Bitcoin and wotk with Bitcoin. Many central Africa developing country government work with Bitcoin to improve their country economy growth. 

[vladaziya4]

There is always a chance to buy in order to make a profit, I think it's worth buying and waiting for time. He will let himself know about himself in 1-2 months.

[digroske]

 The problem is that Bitcoin is a real need of users due to the fast and secure transactions. But it makes it difficult for the government to manage the use of Bitcoin and to levy taxes on the use of Bitcoins. So, the government will always find ways to monitor Bitcoin users closely, though very difficult.

[Falmera]

The government just labeled anyone who supports competing currencies a special kind of domestic terrorist. Maybe its time to stop defending them and get on board with the Libertarians

I agree on this, for bitcoin and the decentralization system  has a good goal. Only then, other people may use this for their selfish goals. Hopefully they bitcoin will be used for the common good.

[dominional]

Government law  and regulation has not been good friend to bitcoin because bitcoin has nothing to do with government and government is not making any income from bit coin therefore this has been a problem to governments

[Rkss4]

Government a prime factor for developing bitcoin... It A government wish to develop bitcoin rules and regulations, it could possible. Bitcoin validity, development, security, service completely depend on government issues...

[maikala]

You share useful information about government and Bitcoin, and I fully agree with you, all rules can be applied to the whole society.

[Jamescur]

Bitcoin is an unregulated currency, and bitcoin is a stab in the eyes of the world's governments!
The government panicked that BTC was used for money laundering and illegal transfer of assets.

[Alan Carey]

India is yet to come out with a mandate deciding the future of Bitcoins in India. This information of bitcoin ban in India is nothing more than FUD. The final stand of Indian govt on Bitcoin transaction is not yet out. However, in the recent news, SEBI chief, Mr. Ajay Tyagi stated that Crypto regulations in India should be out soon and the role various regulators are being finalized. So it’s clear that they are planning to experiment with it and has taken a wait and watch approach.

[Samuel Fields]

Government has the power to ban bitcoin in their country. But The only way to ban bitcoin is to ban the Internet in the entire country (north Korea style).

There are already countries who banned bitcoin other than china, so this is just a normal event on the cryptocurrency world. If you guys are afraid that bitcoin will die because China banned it, don't be bother by this. Bitcoin could exist without this Chinese Government, there is some countries already who trusted bitcoin and make it one of their currency, and one of them is Japan, so rest assured, bitcoin will still live and will keeping booming as always and will sooner lead to revolutionary period throughout the world industry.

As of China, government has only closed exchanges. But soon they'll be launching their own cryptocurrency through which people can easily buy Bitcoin. But all the funds coming and going from bank would be under government scrutiny through their cryptocurrency. This is what they wanted to achieve. They never wanted to ban Bitcoin.

Other factors which I think is they can prohibit mining or regulate it so hard that everybody stops mining all together. China did this and banned mining and trading bitcoins recently that's why it is possible that bitcoins can be banned. If the government however does intervene, they will most likely stop mining operations and the bitcoins harvest will not join the circulation, reducing the supply further making it more expensive thus preventing investors to buy more because it's expensive.

[Donald Johnston]

Does Bitcoin present a threat to sovereignty, control of the domestic money supply, borrowing, inflation, foreign exchange or fiduciary institutions? Yes and No…

Gradually, lawmakers in some countries are beginning to perceive Bitcoin as more of an opportunity than a threat. There may be no need to dissuade citizens from adopting Bitcoin, even if the populace saves or spends it as actual stored-value cash and not just as a payment instrument.