Time Will tell

[Janation]

Think of the way governments tries to Establish different regulations and laws on Bitcoin this leads to see the feuture of Bitcoin will be good more than the way we think. Government should not underestimates people's Power and Bitcoin strengthen by It's users

The government will not do much but just to legalize or regulate it in the country.

They don't care about the future, they don't care who uses it but what they are planning to do is to take care of their citizen who uses it. Here in our country, Bitcoin is legalized and there is no development of sorts for a long time now. Right now, they are busier and focussing more on the pandemic that is happening. Despite the legalization here, people are not really using it.

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[Ozero]

So far, governments have recognized that decentralized cryptocurrencies do not pose a threat to global financial stability and do not take any measures against it. They look more closely at it and evaluate it and make the first attempts at its general regulation. This refers to the FATF recommendation of June 21 last year, which is aimed at laundering dirty money and financing of terrorism. Many states are now working on the creation of their national stable coins, which is very good for cryptocurrency, although stable state coins will seriously compete with decentralized cryptocurrency as a means of payment. It seems that governments do not intend to actively deal with cryptocurrency yet. And there time will tell. So far, the current state of affairs is quite favorable for cryptocurrency.

[Mttewndew]

It's a very generic way to discuss this, but ok, I'll be short too
If governments make BTC transaction, withdraws and deposits illegal, BTC will almost end, only some people will pay and receive BTC for most illegal practices
Would you risk to be arrested having BTC?
Most of the people won't

We have to be realistic, it's a utopia think that people will keep using BTC risking to be arrested

Totally agree with you. It is enough for governments to introduce one single ban and all cryptocurrencies will lose their value. Who will need them if all kinds of sanctions are imposed on people for their use?

[Latviand]

Think of the way governments tries to Establish different regulations and laws on Bitcoin this leads to see the feuture of Bitcoin will be good more than the way we think. Government should not underestimates people's Power and Bitcoin strengthen by It's users

Being optimistic isnt bad but we know that government doesnt really like Bitcoins existence thats why we have seen that each country does have its own view towards bitcoin- Some do recognize it but
most of them totally ban it or getting rid of.

Bitcoin is a thing that opposes centralization on where government is doing.So its just normal for them to have such measure since they do know the threat that can impose against them.
Adoption is on the move though but we cant totally see its total potential as long there would be blockage from the government..

It should start with us, bitcoin supporters, the key for the bitcoin's success and mass adoption is when we work together as one in promoting and advertising the benefits of cryptocurrency in the community. We should think of a unique and effective strategy for us to persuade the government to implement it in their country. If they are knowledgeable enough about the use of crypto, they will notice it when the right time has come. Our aim is the government to have trust in the bitcoin in helping its economy to grow, every people should try to use bitcoin and let its effect decide their decision if it is good or bad in their economy. Don't make any conclusion if you don't experience using bitcoin in your investment and transactions yet.

[christhemaner]

I like that BTC is decentralized. Some countries that tried to ban it failed. Perhaps in the future, governments will be able to find a way to control bitcoin better.

[Botnake]

It's a very generic way to discuss this, but ok, I'll be short too
If governments make BTC transaction, withdraws and deposits illegal, BTC will almost end, only some people will pay and receive BTC for most illegal practices
Would you risk to be arrested having BTC?
Most of the people won't

We have to be realistic, it's a utopia think that people will keep using BTC risking to be arrested

Totally agree with you. It is enough for governments to introduce one single ban and all cryptocurrencies will lose their value. Who will need them if all kinds of sanctions are imposed on people for their use?

They as the government has power to ban anything, but if the people will fight for crypto, the people will win.
I think this is the scenario that happened in India, because people fought for crypto, the government lift the ban and I think it happened this year.
So eventually the government will be fair and people will win, unless you are living in a country where there is a dictatorship.

[Assface16678]

For me, I think they can regulate the bitcoin instead they can now make a lot of ruling about the cash in and cash out for their users because they want to avoid many people use this kind of blockchain transaction just to transfer a massive amount of money immediately because we all know that the bitcoin is one of the fastest and secure transaction and sometimes those wallets we are using more not require too much information of their users and many people can use this as an advantage to transferring a vast amount of money.

[Yamifoud]

Crypto regulation is something to give help to minimizing scamming issues but the problem is that this not their priority. I know they are watching how the crypto market develops and how this new digital currency gives a huge influence on the people and to the market as well. May they are not giving much time for crypto and never appreciate it this time but I believe that they'll be changing their minds in the coming days and see the important that crypto can do if the adoption is getting wider.

[thesmallgod]

Think of the way governments tries to Establish different regulations and laws on Bitcoin this leads to see the feuture of Bitcoin will be good more than the way we think. Government should not underestimates people's Power and Bitcoin strengthen by It's users

Governments of the most countries are trying to establish new laws and regulation on Bitcoin and crypto trade. This situation isn't good for the crypto lovers because we live in a country and if govt imposes such hard rules, we have to fear of our punishment if we can be caught by law enforcing agencies. Although Bitcoin transaction and trade are fully controlled by the users and here the govt has no control but it should be bear in mind that govt rules play a vital factor in the society.

it does. If bitcoin is declared illegal, it means anyone caught using bitcoin for any transaction both domestically and internationally has break the law and this might result into punishment. Many of us underestimate the power of government, thinking they cannot end this crypto but we should be hoping there are not going to be more strict regulations because it can damage crypto

[Ronyx]

Although the government recognizes the power of bitcoin, but I don't think the government will be that easy to accept it.

[buwaytress]

So far, governments have recognized that decentralized cryptocurrencies do not pose a threat to global financial stability and do not take any measures against it. They look more closely at it and evaluate it and make the first attempts at its general regulation.

Depending which government you're looking at, and I rather think they're less concerned about global scale than national scale. Every state that's taken a move against Bitcoin has been worried about the effects of their own national monetary system (I'm thinking India, Iran, Venezuela as most recent examples). Regulation, when it doesn't come from the will of the people, is a reaction born out of fear.

[Rengga Jati]

There are many reasons why government in many countries do not legalize Bitcoin or other cryptocurrencies. First is about concerning to their society, how the citizen condition in the country. Are they ready for such great technology developmemt? Sometimes, many are still not good enough in technology.
Then, it is about their consideration on the stability of the financial syatem of the country. This may be an issue that is always revealed, including the fear of using crypto as one of the ways for money laundrying and other crimes around the world.

However, personally, I also believe that there will be many more people and countries in the worldwide that are aware of the importance of the technology development. So, it is waiting for the time flies, many more countries will concern with crypto and accept it or legalize it. Hopefully..
 

[lepbagong]

Think of the way governments tries to Establish different regulations and laws on Bitcoin this leads to see the feuture of Bitcoin will be good more than the way we think. Government should not underestimates people's Power and Bitcoin strengthen by It's users

Probably they tend to go the other way round. Many of these government had one time or the order to kick against the existence of Bitcoin though  kudos to the entire community behind the said technology. Well, they have tried their very best in bringing in regulations into the cryptocurrency industry and some of these regulations are still with the community. To me, nothing has changed in regard to these regulations as the technology grow stronger with it community.

the government certainly has the right to take the best steps so that they do not experience problems but they also understand that cryptocurrency is very fast and cannot be dammed. instead they should use it for a better step because clearly they are more advanced. many have begun to use the feuture, for the sake of more progress.
cannot prevent this community but must instead embrace for the common good.

[Arcas]

Will possible see bitcoin become legal transaction depend when bitcoin can break to higher price, if every day bitcoin keep going down forget with government never give access to bitcoin become legal transaction, how ever is not good moment talking about bitcoin legal or not because price still down.

[Gandam23]

Will possible see bitcoin become legal transaction depend when bitcoin can break to higher price, if every day bitcoin keep going down forget with government never give access to bitcoin become legal transaction, how ever is not good moment talking about bitcoin legal or not because price still down.

Bitcoin is not a legal transaction although the government is just banning it just because they are afraid of something new may happens about the bitcoin and cryptocurrency adaptation of the people.
Maybe the people or the government call it as legal transaction once it may use to different kinds of transactions which includes about illegal buying of items or illegal just like drugs and etc which can be used on the black market.

[isaac_clarke22]

Well many countries are still able to invest in crypto using VPNs and such but government's power isn't just up to that. We never know what can they still do against crypto one day. For now we can see their regulations to crypto selling at some countries by imposing KYC policies which is kinda centralized idea that defeats the idea of decentralization that we know that crypto possesses that attribute.

It might depend on some country whether their government legalizes or not though.

[cabron]

Well many countries are still able to invest in crypto using VPNs and such but government's power isn't just up to that. We never know what can they still do against crypto one day. For now we can see their regulations to crypto selling at some countries by imposing KYC policies which is kinda centralized idea that defeats the idea of decentralization that we know that crypto possesses that attribute.

It might depend on some country whether their government legalizes or not though.

We still yet don't know what will happen but we can see there are government approving cryptocurrency. It just up to how open the government is in adopting the new technology. Time will tell if the market will even be alive because right now, it looks like only few giants are controlling the cryptocurrency which is why China can just buy them all.

[michellee]

Will possible see bitcoin become legal transaction depend when bitcoin can break to higher price, if every day bitcoin keep going down forget with government never give access to bitcoin become legal transaction, how ever is not good moment talking about bitcoin legal or not because price still down.

Maybe that is what the government thinks about bitcoin because they see that bitcoin has the volatility in its price, which will make their people panic if the price is down. But maybe the government will give access or permission to their people to use cryptocurrency as the payment method, and that can be a legal transaction. If that thing can happen, people will have so many choices to pay, and they can also use USDT as the payment system. Besides that, I guess people will feel happy if they can have another option to pay.

[XCANA]

I still believe the government will never make Bitcoin illegal.
<snip>

Let's imagine this: if the countries of the  world choose to place a ban or rightly make Bitcoin illegal and those holding the coin stand a chance for jail terms, would you think Bitcoin will survive this?. Being that the US has a huge numbers of participants holding Bitcoin, if the government choose to make Bitcoin illegal then the price will drop and we will see another side of Bitcoin IMO. We pray the governments across the world see reasons with the technology and encourage the mass adoption.

[bitbunnny]

Well many countries are still able to invest in crypto using VPNs and such but government's power isn't just up to that. We never know what can they still do against crypto one day. For now we can see their regulations to crypto selling at some countries by imposing KYC policies which is kinda centralized idea that defeats the idea of decentralization that we know that crypto possesses that attribute.

It might depend on some country whether their government legalizes or not though.

We still yet don't know what will happen but we can see there are government approving cryptocurrency. It just up to how open the government is in adopting the new technology. Time will tell if the market will even be alive because right now, it looks like only few giants are controlling the cryptocurrency which is why China can just buy them all.

The whole situation that we are having now because of corona virus crisis has influenced in.positive way to digital services and new technologies that have been used more than ever. That might also change.attitude of many governments towards cryptocurrency, especialy those who were not so willing  to regulate it and accept wider adoption.
But yes, the time will tell how at the end the situation is going to be with crypto market and if we'll have some new world order regarding everything, including cryptocurrencies.