What will happen if Bitcoin gets official permission from the government...???

[alroys]

Bitcoin is decentralized, and the government cannot interfere in this matter. Bitcoin transactions differ greatly from banks that can be regulated by the government. the government's duty is to give permission, and legalize Bitcoin as a legitimate payment tool, so that Bitcoin users become calm and comfortable. and I'm sure, if a government legalizes Bitcoin as a legitimate means of payment, then the demand for bitcoin from the people in that country will increase rapidly.

[Futureglory]

As you rightly said, bitcoin is independent and there is no way government will any window to operate and manipulate things as we see in national currencies. There are still government who per no reason give bitcoin chance to operate in their nation and to me I hope thins changes.

[richminded]

If bitcoin gets a go signal from the government to do business legally, expect the price to rise high as many investors will come in this market to make money. But the government cannot control bitcoin, they can regulate but never to be under their power because this is a worldwide currency.

[AimHigh]

I doubt that government can mixes the managing transaction in the first place government cannot manipulate or control the value and how bitcoin works. The second one was bitcoin was not connected to any government agency or bitcoin is not handle of any government officials so it means they can't mixes it and as i think bitcoin is stand alone or no one can manipulate the value.

[tuturutmunding]

maybe bitcoin will be a legitimate payment instrument. if it can happen, of course it will have a positive effect on the price spike, there will be more adoption of bitcoin and more mining will also demand the bitcoin market will be the most valuable asset

[nareal109]

The governments have no reason to meddling cryptocurrency, a part of blockchain technology. It's not scam or bubble.

[Cryptrx]

The probable thing I believe will happen if government grant official permission to Bitcoin is that the price will skyrocket because people will no longer have to worry about regulations but I don't see it happening.

[vfrcbv911]

I think then the price of bitcoin will fly to the moon) People will stop being afraid and start investing! And for bitcoin it will not mean anything, because it is separate from the government and its control.

[wantjokull]

Government wont take any advantages from the transactions or any transfers that may be made after regulations are in place. To be frank, government will not even look after the transactions because it will be highly regulated by the private industries and giant mining firms and much more miscellaneous organisations.

But, government will benefit from one important thing and that is the taxes that will be taken over the crypto to fiat conversions. And yes this will be the medium for government officials to take the opportunity of ruling the crypto space.

[munify]

If the government legalizes bitcoin, it will increase interest in having bitcoin, bitcoin will be able to become a currency for daily needs, and bitcoin prices will be more stable.

[carlisle1]

Bitcoin is an independent Cryptocurrency that no other third party takes advantage of transactions from two sides. This is a peer to peer transaction conducted by sellers and buyers only. Cryptocurrency transactions do not need to be identified or verified by the recipient of the funds when the funds are sent, that is what makes many people choose to use bitcoin.

Does the government mix in managing transactions for each user?

If the government mixes in managing transactions, will they take advantage of every transaction

What is your opinion.?

This will depend on what is the policy or the rules and regulations governments will put into cryptocurrency specially our beloved bitcoin.from this we will see what is the future preference for the price movement either this will grow.or will continue drops because every governments will surely make different justice to our crypto community

[vv181]

Does the government mix in managing transactions for each user?
If the government mixes in managing transactions, will they take advantage of every transaction

Bitcoin decentralized natures won't sustain any centralized behavioral. Governments only able to regulate Bitcoin only from the outside, not within the network of Bitcoin itself. For an example, heavily stricter regulation will make the governments taxation any Bitcoin usages and others such stuff.

[rodskee]

If bitcoin can get official permission from the worldwide government
I think need to accept all policies and regulations guidelines how to use bitcoin in better ways
But ofcourse it's a big help for us if bitcoin had officials permission worlwide
No need to worry about the whales manipulation to control the price of cryptocurrency
But the question here is how to control of the worldwide government the blockchain peer to peer anonymous transaction

[agimat]

Bitcoin is an independent Cryptocurrency that no other third party takes advantage of transactions from two sides. This is a peer to peer transaction conducted by sellers and buyers only. Cryptocurrency transactions do not need to be identified or verified by the recipient of the funds when the funds are sent, that is what makes many people choose to use bitcoin.

Does the government mix in managing transactions for each user?

If the government mixes in managing transactions, will they take advantage of every transaction

What is your opinion.?

If bitcoin gets official permission to the government im sure their are more charges to be paid, and we can also have the assurance that this will not be a scam.

[Ojengonggu]

I think it is difficult if the government interferes with transactions and manages transactions because this is not the same as fiat money that is owned by each country and things that become a privilege of bitcoin will no longer exist, I think it is good if the government accepts bitcoin and regulates it according to state regulations but not with pure P2P transactions

[indopool]

If Bitcoin gets official permission from the government it will have an impact on increasing adoption of Bitcoin in the region, because the shop / shopping place will implement a payment system using Bitcoin. this is very positive for the growth of Bitcoin prices because government is the key to the movement of Bitcoin in a country.

[bajigur894784]

Bitcoin is an independent Cryptocurrency that no other third party takes advantage of transactions from two sides. This is a peer to peer transaction conducted by sellers and buyers only. Cryptocurrency transactions do not need to be identified or verified by the recipient of the funds when the funds are sent, that is what makes many people choose to use bitcoin.

Does the government mix in managing transactions for each user?

If the government mixes in managing transactions, will they take advantage of every transaction

What is your opinion.?

Well, the government always wants to manage everything. If Bitcoin gets official permission from the government, all exchanges will be regulated by the government. But they cannot mix in managing transactions for each user, I think the government just wants to take tax benefits from all forms of Bitcoin activities.

[badaovodich]

In fact, millions of investors choose Bitcoin because it tends to be the best investment and income opportunity. Now anyone can become a trader and manage trades at home or anywhere. Improvements in information technology have enabled Bitcoin to grow a thousandfold faster in the past decade.

[quoctien1997]

If the allowed for the Bitcoin are allowed to save the width of the world, the help to allow the amount of their they like the legal law.

[Rituvohra01]

Bitcoin cannot be controlled by government because it is an independent cryptocurrency. Govt.can't controlled it because it is a peer to peer network transaction. If the government interfere with it it can provide convenience to bitcoin users.