Why government announce bitcoin is illegal?

[Ramir]

Because if illegal many people do many bad things to other people, they scam which are some of danger in bitcoin, but many people did not know how bitcoin process, for that many people not know doing.

Scammers are also many in fiat currencies. it would be wrong to talk about bitcoin as if scammers were just a crypto currency. Scammers where there is profit.

[seanskie18]

Government nowadays, announce all over the world that bitcoin is illegal way of transaction. It is all because government can't get any taxes from it that's why they spread also a negative feedbacks from it.

[racing466]

They announce it as illegal, because money has been centralized by the State all their lives and now they feel that with cryptocurrencies they are losing power.

[Ramir]

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

Because the government can not allow you to dispose of your money and earn. Especially if you do not pay them a tax.

It's like the truth.

[mikaeltomcruz12]

Not all government has declared bitcion was illegal. But most of the country was afraid of bitcoin to be legalized they would be able taking the risk because bitcoin was very helpful in one country.

[Ramir]

They announce it as illegal, because money has been centralized by the State all their lives and now they feel that with cryptocurrencies they are losing power.

Governments should grow wiser and realize that they can only earn money on crypto-currency by speaking in the market as an independent player. By investing money or trading, just like we all do.

[Ramir]

Not all government has declared bitcion was illegal. But most of the country was afraid of bitcoin to be legalized they would be able taking the risk because bitcoin was very helpful in one country.

Remember the news about Iran. Mining was legalized. the market of crypto currency in their country is developing.

[tarable]

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

Because the government can not allow you to dispose of your money and earn. Especially if you do not pay them a tax.

It's like the truth.

Your words are indeed quite true, most governments are like that, but not all of them announce that bitcoin is illegal. because the opinion of each government in each country is certainly different. not the same.

[jak3]

I am from India and our government has also banned Bitcoin. It is not always about the features it provides or how it is being used, the government basically see if it is good for people's privacy or if it can develop the country. Bitcoin government is not getting any profit and they have seen that Bitcoin has caused a lot of market crashes because of that many people have committed suicide and other deadly stuff. So Bitcoin is being termed illegal buy many countries according to the bases of "this currency does not pay any taxes and if someone wants to trade foreign currencies then it should pay taxes for import and export in the country"

[lelylely]

Bitcoin is a decentralized system that will make it difficult for the government to apply taxes on every bitcoin transaction. The government claims bitcoin is illegal to restrict people from using bitcoin.

[YXIN02]

Aside from, perhaps, using bitcoin for illegal things. Using it as a payment for any transaction illegally but maybe also government illegalized it in some countries because government are not able to gather taxes in bitcoin.

[Scavagers]

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

Here in our country, bitcoin is not yet widely accepted but I believe bitcoin will be always welcome in our country. It is not widely used but it is not illegal in our country. I think why other government bans bitcoin is because they are afraid of what people can do with bitcoin, it can be used in illegal activities while staying anonymous.

[Mlowo]

the government is not interested in bicoin currency so the government announces bitcoin is an illegal currency, in the city BALI of bitcoin is illegal, actually bitcoin is very good for transactions

[narukami]

Governments do not want to lose control over monetary transactions. Through anonymous transactions, the scammers launder money.

Therefore, law enforcement bodies are against legalization

Ofcourse is legal, its a crpytocurrency that uses all over the world it should be use!, we are depending in online transaction. Bitcoin helps us also for economy growth.

[DisWhale]

The governments are against Bitcoin because they claim it is anonymous, hence very difficult to track the persons involved in its transaction. The governments attribute this anonymity to terrorism funding, drug trafficking, money laundering etc.
However, it has also come to light the hinden agenda behind why governments are against Bitcoin. Governments are scared of the power Bitcoin gives to the people in terms of eliminating all central authoritative bodies involved in its transactions.

[LAILANIE03]

I think government are interested to bitcoin that because the value of the bitcoin is really help to many people are having a financial problem and they are willing to learn more about the possible value or income that result to currency of money to their country.

[Tinker18]

I think not all country announce that bitcoin is illegal like to my country "Phillipines" it is legal and have a supported cryptocurrency wallet. I think for being illegal to other country because of they not use bitcoin in the right way and I also think that they  use it to illegal activities that their government agreed bitcoin is illegal because of that kind of reason.

[abhi777]

Government nowadays, announce all over the world that bitcoin is illegal way of transaction. It is all because government can't get any taxes from it that's why they spread also a negative feedbacks from it.

It is recognized by Bitcoin itself that this electronic currency is outside the authority of official financial institutions and any government authority. But strangely the bitcoin community in Indonesia actually asks BI to legalize its use. Is it not a paradox? They themselves claim the network is peer to peer. So if there is a problem or the police want to trace the transaction.

[AliMan]

I think not all country announce that bitcoin is illegal like to my country "Phillipines" it is legal and have a supported cryptocurrency wallet. I think for being illegal to other country because of they not use bitcoin in the right way and I also think that they  use it to illegal activities that their government agreed bitcoin is illegal because of that kind of reason.

In my view government announced Bitcoin is illegal because some people used it as a tool as payment in some illegal transactions that's why government. Also Bitcoin used of some criminal in buying illegal like weapons and drugs, they it because they cannot trace. But even there's a drawback of bitcoin ut still it can help to many people especially in financial. So I think its better to not crossed there way of government and bitcoin because surely they will control it.

[zarintasnim]

Firstly bitcoin dose illegal all over the world. Bitcoin getting more and more popular in day by. Yes its true some country illegal bitcoin in there country. Bitcoin is decentralize and any one con not control it. I think they do not control use of bitcoin for this reason some country take such kind of negative step of bitcoin.