Why government announce bitcoin is illegal?

[TIN1114]

I think the main reason for that is because they can not regulate bitcoin transactions. And as we all know, governments always want to exercise control over things and if they can not 100% regulate it, they would definitely consider it as illegal. I feel bad about this too.

[Rashid555]

Not every where bitcoin is legal in some countries and if some governments ban this currency then after some time they will realize that bitcoin is important to present days and it is legal in most of the countries.

[TheGodFather]

Not every where bitcoin is legal in some countries and if some governments ban this currency then after some time they will realize that bitcoin is important to present days and it is legal in most of the countries.

we don't do nothing if the government declaring that the bitcoin is illegal in our country. government is the most powerful in one country even others still try to fight it. and also maybe in the side of governmeny they see the revolution in this because bitcoin is perfect for doing crime activities we know that it is untraceable right ?

[aileenc]

Bitcoin is a currency that might have effect on economy of the country. No government wants to lose control on economy.

[jimskiy]

The government of some country around the world still make bitcoin is illegal transaction and they have announce for their people bitcoin is illegal. The government can give law protection for lost people money with bitcoin, its why government still make bitcoin is illegal transaction.

[Thecryptocurrency09]

We know Bitcoin is one of the powerful and top coin in marketplace.
But world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal

We are all aware how things that is taken under the power of government may be taken a part of its hold. Therefore, since bitcoin is not subjected under law or the government itself. By means of that, it turns out that it is even illegal.

[CoinsGazer]

The further development of Bitcoin will threaten the interests of traditional currencies, and the ruler will not give power to a p2p cryptocurrency. Once governments declare that they are illegal, the price of Bitcoin will fluctuate in the short term and may collapse.

[ramss]

some government economy problem so said them.

[Wong Gendheng]

In my opinion this is normal, all countries certainly don't want to see that its citizens use bitcoin because they are worried that someday there will be a problem the government can't do anything, by making bitcoin legal it will create new problems for the government.

[Gontxi]

We know Bitcoin is one of the powerful and top coin in marketplace.
But world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal

You are wrong, I don't think all countries ban bitcoin or illegal. try to look for references first before you want to make a post to discuss. so you won't look stupid

[PlusOne88]

Do not be confused with the idea of legality. If you are going to consider how bitcoin works, it is not of any harm to any people or government therefore is not a crime. But there are certain areas concerning the use of bitcoin which may affect the economy of a country. This is something maybe your government is trying to protect, which made them banned or announced it as illegal. Bitcoin can be used to move money from one area to another. And by doing these without regulation one can create or make an unstable economy. Do not be confused with the idea of legality. If you are going to consider how bitcoin works, it is not of any harm to any people or government therefore is not a crime. But there are certain areas concerning the use of bitcoin which may affect the economy of a country. This is something maybe your government is trying to protect, which made them banned or announced it as illegal. Bitcoin can be used to move money from one area to another. And by doing these without regulation one can create or make an unstable economy.

[Innerpumper]

I think, they fear the bitcoin money laundering easier. Padalah bitcoin also many benefits apart from that.

[Piggymonster]

Not all government announces that bitcoin is illegal, some countries including the country where I live in, declare bitcoin as legit. In other countries also like Japan, they are showing great support  for digital currency and made it as a legal tender.

[Nunii]

Most of the government do not explicitly says illegal. Well, some countries declared already. This maybe because, they are protecting their nation from any malicious ctivities that can harm their people. As we all know, there are a lot of scam activities out there which actually make a lot of people at a loss. They do not want to see more of that. Another thing is, they do not have yet a concrete ruling on thins thing, on this tech. They still do not have a clear guidelines on how they can get hold of it. Well they want ot protect thei nation and benefit from technology. Maybe, they cannot see the mutual benefit yet. But in time, we will see how and what will make their eyes open.

[Farma]

Not all government announces that bitcoin is illegal, some countries including the country where I live in, declare bitcoin as legit. In other countries also like Japan, they are showing great support  for digital currency and made it as a legal tender.

yep, not all countries make bitcoin illegal, because they realize that they can take advantage of this. well, besides, I think most of the reasons for banning bitcoin are when it can add to the number of illegal transactions, and can be one of the money laundering tools.

[Finnong]

The reason behind this annoucement that bitcoin is illegal is because the government cannot contro or manipulate bitcoin the way they control the economy or system of their country. Though not all countries considers bitcoin as illegal many are accepting it also, if you had been reading in our forums, you know about this.

[Indai24]

The reason behind this annoucement that bitcoin is illegal is because the government cannot contro or manipulate bitcoin the way they control the economy or system of their country. Though not all countries considers bitcoin as illegal many are accepting it also, if you had been reading in our forums, you know about this.

It's not that bitcoin is illegal, in our country bitcoin is not declared as legal nor illegal, government don't recognized it's existence. However there are still merchants who accept bitcoin as mode of payment. Government did not announce its legallity yet because they cannoy manipulate bitcoin and that they need to conduct their own research about it.

[calabrianexceeded]

not all countries give illegal announcements, as we know, bitcoin cannot be controlled by monetary policy, and it is very dangerous if they apply it legally, the best thing that can be done is to regard it as a commodity asset, they need to keep learning and make strong policies for each local crypto exchanger.

[SIDDHI777]

We know Bitcoin is one of the powerful and top coin in marketplace.
But world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal

There is a major reason for government to announce Bitcoin is illegal that is because it is not under any government authority or influence and it is known as an asst not under control and no legitimate statue and that is the main reason such announcements are made by governments against Bitcoin and the cryptocurrency world to stop expanding further locally and internationally 

[admosfir]

countries which states that bitcoin is illegal is a country that has laws that require its citizen to use domestic money in the economy, so that in addition to the country's domestic currency will be said to be illegal