Why government announce bitcoin is illegal?

[Chrystora123]

in my opinion, it doesn't matter if the government does that to Bitcoin, they try to protect their people to avoid fraud because nowadays many investment fraudsters are using Bitcoin as an attraction...just be patient, the next few years cryptocurrencies will master the way humans transact and surely the government will not make Bitcoin illegal...

[Nasty23]

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

Some Governments officials think and claim corruptions and criminal activities could increase with Bitcoin use and that is a major issue many countries face at the moment and even these criminal activities using Bitcoin are not done in large scale by criminals up to certain level Bitcoin is used to support such criminal activities 

Yeah they say that even though they don't have any evidence to support their rules. I myself haven't heard the news that there are individuals who commit corruption and money laundering by using the help of bitcoin. one of the reasons why the government bans is because they do not benefit from the existence of bitcoin

Yes one of the reasons on why the bitcoin banned is because of they didn't have benefited from it on which they can't control the transactions in bitcoin and also they don't have a power to manipulate the price of it on which only the community can change the price depending on the demand of it in the market.

[fonengo]

Hi, everybody. The government does not know how to regulate and legalize Bitcoin. And the government used to control everything and keep it in its hands. It will be interesting to see how it will do it.

[Rosyanroid]

Bitcoin is accepted by some country very soon. Some government agree to deal with crypto currency they want to run it with regular currency. Soon they announce the legalization of it.

[MarchionessBold]

Many government has illegalized bitcoin because this currency is neither enforced by law nor controlled by government. Government has many policies on fiat but they can’t apply them on BTC.

[sheyicrypto]

Some government will say bitcoin is illegal because bitcoin is not tax making money therefore bitcoin is not generating any fund to the government purse

[Shative]

Bitcoin is not illegal in every country. But I guess some people are using bitcoin to buy illegal products. As they make illegal transaction with BTC, government cannot identify this transaction and that is why they illegalize BTC.

[Woundur]

I think some government try to accept the bitcoin. They make some law that it can not be abuses so I think soon some country will officially declared the legalization of bitcoin.

[cxmyifan16]

I think that the government doesn't like btc because it is confidential and can't be controlled by the government. to my mind, it is better to use btc now and don't pay attention to what government thinks

[PickwickRock]

Bitcoin is free from the control of government and this might be a reason to illegalize bitcoin. Criminals take advantage of this currency system as transactions cannot be tracked by law enforcing body or government.

[paulo013]

For me they are just looking for the negative side using the cryptocurrency and not the potential of it. Also the reportedly scam,
 Illegal activities that affect most bitcoin reputation and this why some countries banning bitcoin to stop those uncontrolled situations.

[Shiro21]

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

bitcoin is illegal because the government cannot control its population distribution, some countries consider bitcoin as a threat that can disrupt the national economic system. even though not everything that the media and government have said is true, even so I am sure bitcoin can develop without the role of government

[Getmon]

You are wrong. I once made a thread a day or two from the G20 summit earlier this year. Please refer to this link: https://bitcointalk.org/index.php?topic=3210602.0 Some of the most developed countries in the world are actually in favor of Bitcoin. I named them the greatest giants. And they are with us in our crypto advocacy.

Of course, this may have been changed over the months since I made the post. For the better.

[vachellie]

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

Not every country make bitcoin as illegal transaction, just few of them banned it and several of them regulate using it. I think reason why they banned bitcoin because many bad news about bitcoin spread. that's why some of them choose to banned or regulate it.

[Naginiya]

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

According to my understanding these are chain of activities and actions taken by people who have only seen a part of a great invention in the recent history and now most people follow the same path and announce bad information regarding Bitcoin and also make regulation like blind individuals following blind leaders which can bring no good to the world 

[netdomon]

thank man 

[Malya_alkendy]

I can't say why the government is why they say Bitcoin is illegal, because those who know the reason are themselves. but in my opinion, what makes the government announce bitcoin illegal is because the government has not accepted Bitcoin as a legal currency in the country, so they say it is illegal.

[Chicksteen]

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

Government do not want to be legal on their country because they cannot control the market of it. They cannot control even the people who used it and where they are going to used it. Even it helps to change our life because we earned lot from it and know that we do not break any law for it, some people become greedy and used it for criminality and the government have to control it.

[Rossy Akbar]

because they might be think that bitcoin was full of crime and some people could do it without any responsible, but if could see the government will have so much profit if they work together with bitcoin or at least decide bitcoin as a legal currencies.

[Skrattar Du]

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

For me, because they do not have any rights to handle bitcoin and because bitcoin can grow wuthout the help of government because it can grow with its own and because bitcoin has a own rule that they manage to run their system.