Bitcoin, governments

[stiffbud]

Different government have different kind if mind setup. Any government choose bitcoin for their country mainly depends upon their country economy. If bitcoin help their country economy they stand with it. In many central African countries bitcoin work as a currency exchange or as bank for money transaction. And in many country it work with their government to solve their unemployment issues. In this way bitcoin show some benefits of it. It also help many country to solve their economy related and help them to improve their country financial condition.

[mohammedmattar]

It would be silly for central banks to not be accumulating some Bitcoin just in case. They understand how money works..

I think this day is not ruled out
Mass adoption will be a fact
Everyone should join the train
 bitcoin before the time runs out.

[Burogh]

It would be silly for central banks to not be accumulating some Bitcoin just in case. They understand how money works..

I dont think central banks investing on bitcoin. They prefer creating their own cryptocurrency. Beside that, as far i know, central banks have a regulation they can not invest in something because conflict interest

[yhan2x]

it would be silly but i think some of the state are investing bitcoin secretly. bitcoin are open to all the community who want to use and invest.

[pooya87]

in a lot of countries the banks are legally not allowed to invest in bitcoin or in some cases they are not even allowed to get involved with bitcoin in any ways. so the answer is simply no because of this. a banks is not some small company to do this hidden. it will come out easily and that would be illegal and have precautions. besides a bank is a service provider, they don't need to accumulate bitcoin to earn money from it. they simply can start offering some services with bitcoin and earn a lot more.

[jademaxsuy]

The government were not interested in the bitcoin rather the government were only interestes on how to regulate cryltocurrency for national security.

Cryptocurrency has some issue and that some government had made some decision on banning the sys
tem though some countries has also accepted and theb regulated cryptocurrency. But then I voted for not investigating bitcoin for it is only a digital currency and no harm could do to the government except to those individuals who made an abusive form of its use.

[muslol67]

Under normal circumstances, the state cannot undertake such a risky investment without the knowledge of the public. But your question is whether they do this job secretly. I still don't think any state will invest secretly.

[Kakmakr]

The government budget is for all intent and purposes, public knowledge. The only information that are withheld from the public, is the intelligence gathering and secret services budget, but the rest should be pretty transparent. The government might not divulge confidential tender information to the public, but you will know what the budget allocation was for specific activities.

That said, not all governments are transparent and some are very corrupt, so I would not be amazed if some corrupt governments might use Bitcoin as a way to hide state funds. 

[cr7]

At some of the well-known information source, I read an article about the state and bitcoin. It was said that Satoshi does not exist, and the owner of bitcoin is one of the influential States in order to destroy the financial system of other States! And this theory I partially believe it! 

[Serious Miner]

According to my personal opinion, the government won't come to invest in bitcoin and not to do something well being for bitcoin. Bitcoin is decentralized government won't accept it as they unable to control bitcoin and its way of transaction. But some countries already tasted bitcoin for considering their local economy issue. But most of the country still not willing to make relation with bitcoin like India, China, and Indonesia etc. To improve and grow up each country economics and financial sector government should come forward to accept bitcoin.

[bezygly]

And what if we assume that banks accumulate Bitcoin in order to be in effect when it will be accepted as a means of payment to create an artificial deficit everywhere?

[hitrawal91]

It would be silly for central banks to not be accumulating some Bitcoin just in case. They understand how money works..

I don't think they would invest in bitcoin.The officials in government had invested in bitcoin secretly but government no possible.As law in our country does not permit to do so as ban on bitcoin was put up by court here and the investment by government are bound to RBI and Supereme Court.

[Ozero]

It would be silly for central banks to not be accumulating some Bitcoin just in case. They understand how money works..

Central banks are state institutions. It is unlikely that they or even the government will use public funds for other purposes, that is, for the purchase of cryptocurrency, This is, in principle, an abuse that can be a criminal offense.
Privately, the officials of these structures may acquire cryptocurrency for themselves, but I will not believe in gross violations for the possible benefit of the state.

[suprex333]

The government is still difficult to accept crypto, so many things must be learned, it is also impossible for the government to use bitcoin the problem can only be used on individuals, not groups or agencies. The developing government is able to overcome this problem without complicating the community and giving people the opportunity to develop more in the field of internet technology.

[bitvalak]

It would be silly for central banks to not be accumulating some Bitcoin just in case. They understand how money works..

the central bank cooperates with the government to make regulations that are difficult for cryptocurrency, this aims to take over the circulation of cryptocurrency especially bitcoin. In addition they also put several people to make ICO or startup projects to get bitcoin. They play behind the screen bro

[Valer4ik]

Once there was a passenger transportation market regulated by the state (on the example of Russia). Regulation and attempts to influence this market by the state did not affect either the quality or the prices. The market shook off all regulations and moved on its own. At the same time, the prices for travel were often close to space, and the quality of services was low.

 Over time, companies owning Internet technologies entered the market. And a miracle happened. Taxi has ceased to be ,, wild and uncontrollable. "At the same time, the state seems to regulate, prohibit, correct something. But the main changes have occurred precisely because of competition and the introduction of Internet technologies. And now we have excellent quality for quite reasonable money.

The same will happen with Bitcoin. As soon as there is practical application, no regulation will have any effect on the course.

[Elijah Jackson]

As for me, government is going to control ICO more and more. I don't think if I am dissatisfied, but I'm surely not happy. One the one hand, ICO is business, market, bourse, - pick whatever you like, my point is the same - it should be restricted by the law (and by the government) because otherwise, it will be a chaos. On the other hand, ICO is a free market and every participant is also a controller ("a law"). Too much control can strongly hurt the system.

[walemil]

Can government invest in bitcoin secretly? I don't think they will want to do that until they generally adopt cryptocurrency and their investment will be known to the vast majority. Presently, it will be difficult for them if their policies contradict investing in bitcoin.

[Reid]

You are talking to it as a whole and that means they will spend the money that came from taxes of the people.
It cannot be done. If they really want bitcoin on their hand they could do it individually.

One example is Manny Pacquiao. He is the Senator of the Republic of the Philippines that is now advertising GCOX. Means he may have some investment in it. So, his team also have an idea on what crypto currencies are.
Although I am still in doubt if he do have BTC in his hands. It may risk his position as a senator for money laundering are said to be attached with BTC. Perhaps one of his team could do it for him since he have a lot of money.

[Slow death]

It would be silly for central banks to not be accumulating some Bitcoin just in case. They understand how money works..

they are not fools, they are afraid of losing money, bitcoin has an anonymous creator, bitcoin is decentralized and can be manipulated. We are talking about increases from $ 6000 to $ 20,000 and subsequently a price drop from $ 20,000 to $ 6000 in a few months, this is a very dangerous investment and central banks would not risk investing in something like that. One day they will be able to invest in bitcoin, but only when the bitcoin volatility is not too high.

In reference to the topic, central banks are not controlled by governments. And functions independently.

In my country where corruption is very high, the governor of the central bank is appointed by the president of the republic and the president of the republic can dismiss him whenever he wants and in my country the central bank is controlled by the government.