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

[coolcoinz]

I just don't see how a government could be involved in managing bitcoin transactions. I see only 2 things that a government can do and these are tracking and taxation.
The aim of the government is to stay in power for as long as possible and find ways to make money. If they manage to get any control over Bitcoin they will try to tax it and remove anonymity by tracking transactions and identifying users.

[stayeduptolate]

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.?

We all know that bitcoin is a decentralised crypto currency in almost all the countries and there are few countries where it gets legalised so being decentralised there is no such proper authentic regulating body over the bitcoin who could keep eye over all its activities and specifically the illegal one and this is the reason why most of the countries do not want to legalise it but when bitcoin will get officially legalised by the governments then there will be governments who will keep eye over all the activities of bitcoin and then it will become the currency with no defect and then will declare as the central currency world wide.

[Crafts12]

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.?

For me, I think it is impossible that the government will approve the usage of bitcoin or other cryptocurrency. It is really a miracle if that happens. They don't legalize the use of any of it because of first governments can't control it. They wouldn't trace any transactions that haopen in this. Also, they don't have a power over the users of it so in total it is hard to predict something like that.

[Yurkov]

For me it will still take time for people to undestand how bitcoin works and how to put their money into coins, after that it will take some time for shops/ internet sides to allow users to pay in coins, after some years maybe crypto will become to be used at the same level as money now.

[Dudeperfect]

If the government is allowing Bitcoin and cryptocurrency action then it will help the government to eliminate the criminal use of it. There is no direct way for the government to restrict Bitcoin but giving a legal platform would definitely empower the genuine users to use it in a way that will be beneficial for the entire economy. Legal recognization would also help the corporate sector to optimise their traditional infrastructure regarding the remittance of funds.

[mmo_online_1981]

That is a wonderful thing! Bitcoin is easy to use and serves more purpose! I hope it will happen to where I live in 2020

[Dod Ong]

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.?

For me it is a nice decision of the government because it may help the demand of bitcoin to increase. Also the government allow the people in their country to use bitcoin. I think if all of the government support the bitcoin, no family can experience poverty because of bitcoin.

[Katystrong]

wow. It will be the most beautiful day for bitcoin investor because with this signal, bitcoin will soon be used all over the world.

[missyqt29]

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.?

For me it can help the economy of all of the countries that allow the bitcoin in their country. It is a very nice decision because the bitcoin can give the needs of the people in their country. I think if all of the government support the bitcoin all of the countries be as one and no one can experience hunger.

[Al-e_x]

the government cannot regulate and control every bitcoin transaction, they can only make crypto regulations, with the hope that rules or regulations can protect every bitcoin transaction. and keep every bitcoin user from losing.

[qumeijia]

It is not impossible to get the legitimating the existence of Bitcoin from the government, as several countries have done. The legalization would probably help the entity to improve the financial or economical service system for the customer. And it would also help the civilian to up their financial problems as it involves  money industry.
All economic problems in certain countries probably can be overcame and solved through Bitcoin and other crypto currency.

[al maruf]

I think the government can not mix Bitcoin transactions. Because, Bitcoin moves at its own pace. Bitcoin transactions do not know anyone else. Even the person who does not know what he or she is dealing with is about the matter. However, the government can do it that Bitcoin can give permission. As many countries oppose Bitcoin. All those countries will be able to use Bitcoin freely if Bitcoin allows them. That is why Bitcoin market will be better again. Which is the hope of all the Bitcoin Premiers.

[kram31]

I am very exciting on this, i hope this will happen so near.
This will help the bitcoin value go up again and BTC will be open more to people.
More merchants locally and internationally will be open to accept bitcoin.

[jemarleon]

It will be the biggest acceptance of the community to cryptocurrency and it will bring mass adoption therefore the market circulation will be more active and there will be a higher prices of coins because of the high demand.

[cetald]

The government can not interfere with the transaction. No one can do this. But regulation at the legal level is necessary. Otherwise, people will not believe in the cryptocurrency market.

[voanquan]

These blockchain technologies and cryptocurrency have enabled people to trade goods in the most distant and remote places to access the media, which has created a revolution. It changes the way we view the world if the government accepts Bitcoin.

[alex_gr_cc]

Bitcoin transactions are completely anonymous. Only address can be tracked. But the user remains unknown. The government is not in a position to change this. But they can use other means to track the bitcoin-address of a particular person.

[Minusha]

If the government accepts Bitcoin I think it's a big step for Bitcoin.e

The acceptance doesn't change much, already in many countries Bitcoin is accepted as payment instrument. Like here in Germany, but it didn't really changed much in the german crypto world. Even our government considers Bitcoin as tax-exempt as long as it is used as a means of payment.

[Minusha]

Bitcoin transactions are completely anonymous. Only address can be tracked. But the user remains unknown. The government is not in a position to change this. But they can use other means to track the bitcoin-address of a particular person.

When you are going to exchange your crypto assets to FIAT, bitcoin stops to be anonymous.

[hacekd]

If BTC or any cryptocurrency will be passed on the government, the government will surely giving a law which people will be paying tax base on their crypto assets. Surely government will do that in many cases. First, for the country to be rich. Second, for the country may be globally competitive on other country since they were accepting cryptos and lastly to ensure the wealth of their own, corruption guys, lol.

very much will happen if indeed this really happens from the start of the development of bitcoin, prices, and some of the bad effects of the fate of conventional currencies that are likely to be lost or not used anymore.