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

[mmo_online_1981]

At that time, bitcoin and altcoin will definitely become a fast international payment system, then, if anyone holds Bitcoin and altcoin! will become a successful investor!

[Tahsin Kabir Kollol]

Bitcoin is a modern currency and it has own transaction system. There is no need for the third party for the transaction and that is why bitcoin is the most popular cryptocurrency in the world. Gradually people become more interested in bitcoin. But because of government law, people do not believe in bitcoin completely and some people become afraid to invest in bitcoin. If bitcoin gets official permission from the government, Bitcoin will spread among the general people and it will become the main currency in the world.

[BCTalkaccountforsale]

If Bitcoin is accepted by the government and used as a currency, Bitcoin may be more developed now, but it is not feasible because Bitcoin is a virtual currency that the government can not control. Because Bitcoin works without any controls, Bitcoin is so user-friendly.

[colvis]

At the point when the administration issues an official allow for Bitcoin, obviously it turns into a strategy that will be trailed by everybody on the planet since it will make it less demanding for Bitcoin clients to do anything identified with this computerized money innovation. In any case, the way that there is as of now still a nation that has not completely legitimized Bitcoin there are even nations that restrict it

[bitcoins94]

If the crypto market is regulated we can have safer and more transparent transactions. Once this happens, AML BitCoin will be accepted everywhere.

[abhi777]

I think the government will never accept bitcoin. If they accept bitcoin it means they kill themselves. Because they can not control bitcoin. They can not access and control bitcoin transactions.

in my opinion, if bitcoin can be accepted in the government. it will be easier to invest without fear of someone who knows. but this will not happen the government will still ban bitcoin in that country.

[KingScorpio]

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.?

there will never be an official permission, the problem is that all good governments, the ones that are humanist and egalitarian

must thread all the same, or they will be a rouge surpression state, so if bitcoin a privately created currency becomes officially permited, all others also are officially permited, creating the ultimate tower of babel confussion leading ultimately in new surpression states that are violent and segregated brainwashed communities

[TopT3ns]

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.?

I think even they put taxes or take advantage for every transaction, but they legalize it, can be as payment, or anything else we could do with bitcoin, i will support it. Because it will make good effect for people.

[xtrump101]

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.?

I think the farthes the government can do is to tax the centralize trading platform thus the trading platform for sure will imposed additional payment or fee to the end users through trading, depositing or withdrawal, other than that i dont see anything more that the government can do.

[Malam90]

You know Bitcoin is a peer to peer transaction conducted by sender and receiver, no third party like Govt can interfere here. This is decentralized digital currency, there is no chance to control Bitcoin transaction by any Govt in the world.

[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.?

The current status of bitcoin is as a decentralised crypto currency as there is no such proper authentic regulating body over the bitcoin who could keep eye over all the bitcoin activities but now with time people started understanding the fate and potential of bitcoin and start investing into bitcoin and now the condition is that there are millions of people around the world who are investing into bitcoin and this will be so beneficial for all of us if bitcoin get centralised all over the world as then it will become the payment method world wide.

[Ekimzjames20]

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.?

The current status of bitcoin is as a decentralised crypto currency as there is no such proper authentic regulating body over the bitcoin who could keep eye over all the bitcoin activities but now with time people started understanding the fate and potential of bitcoin and start investing into bitcoin and now the condition is that there are millions of people around the world who are investing into bitcoin and this will be so beneficial for all of us if bitcoin get centralised all over the world as then it will become the payment method world wide.

I think it is not impossible than bitcoin is officially permitted by a government. Because nowadays many countries allow bitcoin to regulates. So a little push, bitcoin will get the ifficial permission from the government all over the world.

[Dmitry.Vastov]

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 till now bitcoin is a decentralised crypto currency and thus there is no such proper authentic regulating body over the bitcoin who could keep eye over all its activities and tgus it sometimes leads to the illegal use and this is the only tension of many countries that introduction of bitcoin in their nation would bring terrorism in their nation but after getting the fate and potential of bitcoin many countries has legalised it and the time will also come when it will get legalised throughout the world and wil use as a central payment method.

[Carrelmae10]

..if bitcoin will be legalized in other countries,,just like in the philippines,,then the government will take over in the process on it..if permissions are made in the government to use bitcoin,,the imposision in taxing Bitcoin will come over..in some other countries..if they will going to treat bitcoin as their mode of payments..many will going to be happy because they will have easier transaction in processing their payments..if that's happen,,the so called digitalized money will now replace fiat currency..

[Al-e_x]

the government cannot interfere in peer to peer transactions. the government can only regulate every bitcoin development, making regulations to protect the assets of every bitcoin user.

if the government makes regulations for bitcoin, then bitcoin will have a positive impact on the world economic cycle for the better.

I agree with the bitcoin tax, it will provide state income.

[yamete kudasai]

It is impossible to get a official permission to government because of other countries illegalized of using bitcoin and use it as virtual transactions . Governments care about the money of people so that's why they avoided to invest or try it . But i hope if the government official legalized bitcoin in one particular country for sure freedom will come to them.

[bigmaster23]

if government plays in the role of bitcoin, it will bound the boundaries and securities of someone like you and me because every transaction been made was visible by the eyes of law, what if we use bitcoin for illegal trade for example, we're being punish by law and accordance to what wrong doing we've been done. i'm not encouraging people to use it for illegal purpose i'm just saying for better knowledge of this field and for understanding truthfully the use of this coin.

[gheawari431]

if that happen, bitcoins need to be centralized and open to all countries so they have possibilities to be legalized in the whole society. In that case bitcoin will be open to all community

That means bitcoin can be traded freely, invest in all fields of business and become an efficient and inexpensive payment method between countries. Then, people are given the option to pay using bitcoin or fiat money. The government's advantage is that it can collect taxes and facilitate transactions that will have an impact on the economy.

[Eraldo Coil]

This must be one of the greatest news or improvement of bitcoin. Like imagine in any country using bitcoin is legal and of course with government handling bitcoin will make it safer and convenient. This will help more people and help its economy to grow.

[messito]

If Bitcoin receives official permission from the government, it will be able to grow well in price and become more stable in the future.