Why government do not want bitcoin to be legal?

[Kakmakr]

It is all about control. Governments want to control the flow of money and they also want to know how people are using their money. They want a technology like credit cards, where Banks can tell them where the transactions where made and what was bought and how much money has crossed their borders. <Capital control>

Bitcoin is pseudo anonymous, so they do not know where your money is spend and how much money are crossing their borders. Capital flight is so much easier with Bitcoin. 

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[jerrison]

in reality, the blockchain technology is not designed to go through any form of legality to be validated for use as it exists on virtual machines and not under any form of government and again how can government regulate what is not under their control neither is it within their soil as to say it can be confiscated if it violates their rules and laws.

[sscarletmzileni]

Because they can't control the one owning them and that means, taxes aren't paid well also.

[anggi]

in reality, the blockchain technology is not designed to go through any form of legality to be validated for use as it exists on virtual machines and not under any form of government and again how can government regulate what is not under their control neither is it within their soil as to say it can be confiscated if it violates their rules and laws.

well, but some countries try to use this technology to accelerate transaction technology on the internet, and develop it for other things. maybe some countries make this technology illegal, but I think it's a matter of time.

[jasminsmithj]

Because it cannot be regulated well by the government if this will happen.

[Lumi3004]

The government has its own value principle for Bitcoin most governments do not prohibit and do not tell it all depends on the user itself, many regulations must be discussed if bitcoin is illegal, which is important so far bitcoin is still safe to use as a currency ingital, the point.

[emberbekas]

The price is so volatile and government can't control it. That's the easier way to describe why government do not want to make it as a legal currency. The government afraid if someday the fluctuations will cause a massive problem if it is allowed. But fortunately, it is still allowed to use bitcoin as an asset at least here in my country.

[cryptone1]

I think it's because cryptocurrency, if it will be implemented, can fight corruption and money laundry. This is not so convenient for governments.

[erickbarkley29]

I guess, bitcoin is too complicated for the government to regulate that's why very few have really recognized its merits.

[Nasty23]

The price is so volatile and government can't control it. That's the easier way to describe why government do not want to make it as a legal currency. The government afraid if someday the fluctuations will cause a massive problem if it is allowed. But fortunately, it is still allowed to use bitcoin as an asset at least here in my country.

I agree with you, that bitcoin volatility is the main problem on why the government didn't allow it to make it legal because it can really affect the everyday life of an individual. Imagine one day bitcoin are used as a payment method and its price changes very fast on which could affect its value in the society that could cause sometimes a gain or a loss in our financial status in life.

[kiansantan]

The government is afraid that if one day fluctuations will cause major problems if left unchecked. But fortunately, it is still allowed to use bitcoin as an asset at least here in my country. The price is very volatile and the government cannot control it. It's an easier way to describe why the government doesn't want to make it a legitimate currency.

[ivannalog814]

Bitcoin is a free coin from any state and the idea of using bitcoin without interference in its Affairs of officials and tax services, but if bitcoin is recognized around the world, its idea and purpose will not change and will only benefit. Legalization will affect the price in a positive sense.

[kucritt]

there are many reason why government is not agree with that, the big reason is because if many people use bitcoin in a country, or investing thei money into bitcoin, the government can't know the investment amount and they can makes their economy of that country stable, if this happen mayne it will make a big infalation

[mersal]

The government is afraid that if one day fluctuations will cause major problems if left unchecked. But fortunately, it is still allowed to use bitcoin as an asset at least here in my country. The price is very volatile and the government cannot control it. It's an easier way to describe why the government doesn't want to make it a legitimate currency.

Bitcoin is the most promising factor for the development of our future economy if Bitcoin will not be accepted by the government are accepted by the people in the world then the economy development will be reduce the slowly because cryptocurrencies had the future of our self we need to approve them quickly without any trouble if it happened then the future will be so much good as we expected.

[lelylely]

Every country has its own currency as a symbol of the country, and of course the state will not easily accept bitcoin, bitcoin is also decentralized which makes it difficult for the state to control it.

[biskitop]

if bitcoin becomes legal and its value is always watched by all parties, it is not impossible that bitcoin will control almost all transactions in each country. and the bank will become lonely with the impact. it can lead to inflation, so the government will certainly continue to think about it.

[ololajulo]

Why governments in most of the countries do not wish bitcoin to be legal?

This has well been discussed on the forum severally, Most conclusion is more that the space doesnt need the government approval if the environment favours it. The idea is to be decentralized not under anyones control.

 
  If bitcoin approve as legal in every country will there be any impact for users?

There will be impact both positively and negatively but the long term effect will not be so profitable as investors might want

[Crafts12]

Why governments in most of the countries do not wish bitcoin to be legal?
  If bitcoin approve as legal in every country will there be any impact for users?

As far as I know not all the governments doesn't want bitcoin. I think there are really few number whereas they somehow agreeing to this and participating to the cryptocurrency world. Anyways, in my opinion, some of the government doesn't approve of bitcoin maybe because they are afraid to what it can bring to the society and to the fiat currency each country have. Another one is that they cannot really control its value, demand, usage, and so on and sometimes it is used in illegal doings.

[OnceTwiceThird]

Speculative price by bitcoin and altcoin its more stronger reason why government do not allow for make bitcoin as legal transaction, they do not want to respond if many people could be lost their money at bitcoin or altcoin investment.

[Apple Mac]

Why governments in most of the countries do not wish bitcoin to be legal?
  If bitcoin approve as legal in every country will there be any impact for users?

I think the main reason for this thing is that Government finds Bitcoin as a main competitor for gaining the trust of the mass people specially when it comes to money, and up to now they can't beat it neither join the Bitcoin since it was very techy and so much limitation for the government for now to understand the whole thing with relates to Bitcoin.