Government don't accept Bitcoin.

[Alert31]

Simply because bitcoin and the government are completely the opposite when it comes system approach. Bitcoin is a decentralized while the government are using fiat currency which are centralized. This is why I am thinking that government can never accept bitcoin. Yet, we do not need government for the bitcoin system. I am glad that bitcoin can work out independently and not getting affected by any government economy especially now that we are in pandemic so fiat currency were probably affected by this as an inflation rate which is the outcome of this pandemic.

But whether the government accepts bitcoin or not, they should have considerations only to allow their people to use it, but the problem with the government they think more of is enforcing taxes to make them profitable. We are lucky in our country, although cryptocurrency is not yet legal but they allow us to use it freely. We can also use bitcoin to pay our bills and there are some stores that already accepting bitcoin as payment method.

[Fredomago]

Simply because bitcoin and the government are completely the opposite when it comes system approach. Bitcoin is a decentralized while the government are using fiat currency which are centralized. This is why I am thinking that government can never accept bitcoin. Yet, we do not need government for the bitcoin system. I am glad that bitcoin can work out independently and not getting affected by any government economy especially now that we are in pandemic so fiat currency were probably affected by this as an inflation rate which is the outcome of this pandemic.

But whether the government accepts bitcoin or not, they should have considerations only to allow their people to use it, but the problem with the government they think more of is enforcing taxes to make them profitable. We are lucky in our country, although cryptocurrency is not yet legal but they allow us to use it freely. We can also use bitcoin to pay our bills and there are some stores that already accepting bitcoin as payment method.

There are countries that does not allow their people to use bitcoin but there is also countries that may have no rules about crypto but they don't prevent peole having this though advises comes from central banks to take a complete care in each investment they will go In.
Like our country ,The government keeps on giving Warning Since there are scams happening here in the name of crypto yet no strict rules against this.
Because simply maybe our government see the potential of This currencies that will Bring Benefits if handled correctly.
and also in some countries on who's having difficulties having Bitcoin yet there are P2P or Escrowing to Buy Bitcoin and still own some even in strict rulings.

[Janation]

Simply because bitcoin and the government are completely the opposite when it comes system approach. Bitcoin is a decentralized while the government are using fiat currency which are centralized. This is why I am thinking that government can never accept bitcoin. Yet, we do not need government for the bitcoin system. I am glad that bitcoin can work out independently and not getting affected by any government economy especially now that we are in pandemic so fiat currency were probably affected by this as an inflation rate which is the outcome of this pandemic.

But whether the government accepts bitcoin or not, they should have considerations only to allow their people to use it, but the problem with the government they think more of is enforcing taxes to make them profitable. We are lucky in our country, although cryptocurrency is not yet legal but they allow us to use it freely. We can also use bitcoin to pay our bills and there are some stores that already accepting bitcoin as payment method.

You don't need to say whether they accept Bitcoin or not.

When they don't accept Bitcoin, that just means that they will be banning Bitcoin and that also means that it will be illegal to be used. That is why it is better that they don't bother when the people are either using it or not. If they make it legal, the time will come that it will either be accepted and have taxes or ban it because they can't control it.

[GeorgeJohn]

Normal some countries government does not permit cryptocurrency especially bitcoin in their society,  but since the advert of bitcoin is going viral many countries has started adopting or legalising cryptocurrency in their country, it's unbelievable that till now some countries are still against cryptocurrency especially bitcoin, so I will like to advice you since your country don't admit the use of bitcoin for transactions that shouldn't make you not to purchase btc if you have passion via bitcoin, because you can be using btc their for two year or more than no one will be aware by keeping it in your wallet or investment platform and when is needed you can convert it through exchanges, because it's obvious that government can't be moving around to search for who ever that has btc, the only thing a country heads can do is to prevent or pass law that Btc users should not use it to purchase any products in the country since is not legalized.

[ALLON2017]

No they don’t

[bayu7adi]

It seems that the OP is not back in discussion with the topic he created

If we discuss the legality of Bitcoin, it is very true that every country has different regulations to welcome the existence of Bitcoin, some prohibit it for transactions, some allow it, some sell it for assets only, and others.

It can be said that if Bitcoin is completely banned in your country, I think you can still own Bitcoin with other buying methods. I really believe everyone can own Bitcoin, but I'm not sure Bitcoin can be used to pay in all stores, only a small number of shops accept Bitcoin as a means of payment, that means FIAT currency is still the main choice.

You can still live, even though you can't use Bitcoin at this time. Maybe you think Bitcoin is safe for you to use, but for some traders owning Bitcoin with high volatility is also a risk to their business

[XZERO1]

If the country you live in have rules against using Bitcoin or crypto then your only option is to either use VPN, VPS or other ways to change your IP address, it wouldn't make you totally invisible and they can still find those who use Bitcoin and such if they want to, but it's very unlikely that they do that since it's not worth the cost and time for them, also don't bother yourself with explaining anything because that wouldn't solve anything, it's not like they made it illegal because a very few use them in illegal activities, but their main purpose for making them illegal is to keep making profit out of their banks and also to be able to keep total control over all transactions and their people as the result.

[Slow death]

on what country do you live and why btc isnt accepted on there .

well it is not very difficult to know, because there are few countries that have banned bitcoin (i'm talking about countries where bitcoin is considered a crime)

unfortunately the majority of politicians are very outdated people at the technological level and because of this they cannot understand the technology and prefer to ban

Algeria, Bolivia, Nepal, Pakistan, and Vietnam (are some countries where it is very dangerous to use bitcoin)

[kikojgg]

Majority of these government dont fully support Bitcoin. There are ways it can be used in your country but you have to be extremely careful to be on a safer side . It will require you to use VPN service or alternatively Remote Desktop Software (RDP) to mask your identity and location . Besides, trading it will be more safer if you are using legit decentralized exchanges  which accepts P2P . Another thing to take in consideration is not to use custodial wallet . Always Use the wallet which you have full control and access to its key because your account can be shut down anytime if you use custodial wallet.  Above all, i will advice to play safe while using bitcoin since your government is against it .

[celot]

China become the last country accepted bitcoin as legal payment currency when bitcoin still below $4000 but now bitcoin have reach above $20,000 and China was banned bitcoin as legal transaction currency in their country, have big expectation when China still accepted bitcoin with many ICO projects success listed on higher price and many project mining of bitcoin in China, but after bitcoin become illegal transaction currency in China many failed ICO project and almost mining company in China was close and without working any more. Maybe need big country brave for accepting bitcoin as legal currency transaction not only as investment assets.

[Crptomagma]

The government shouldn’t be so strict about a technology they don’t accept because of their political propaganda.
Bitcoin is not accepted in many countries like like we all know but bringing to our knowledge that’s in your country bitcoin enthusiasts are been persecuted for being passionate about a technology they find excitement in and also enhance their financial status and save their seed for online business transactions. I don’t see the technology a bad development to any nation economy if not for the selfish interest of the government.

Arresting bitcoin users is really outrageous and unspeakable because it’s more of a personal choice and nobody is forced to invest in bitcoin so why the persecution? Please for more information about these post, I like to know the country in particular?

[mianvicky1]

In my country bitcoin is also not legal but now some of govt persons involved in this and think about to legalize the crypto

[taufik123]

The regulations in various countries on bitcoin regulations will certainly be different. There are those who openly allow transactions using bitcoin and some are only allowed as commodity assets. Including in my country, Indonesia, Bitcoin or cryptocurrency is only provided with regulations for commodity trading and is not allowed to be used as a legal transaction tool such as the national currency.

Even so, bitcoin users will not be arrested just for using bitcoin for other private transactions. Because there is no law that regulates bitcoin cryptocurrency users will be arrested.

The pros and cons of using Bitcoin or cryptocurrency will of course always be there. However, cryptocurrency is a technology that needs to be developed because cryptocurrency is a digital currency technology that will be very useful in the future.

[Banulit]

Our country government don't accept bitcoin. If anyone use bitcoin and know it state police Caught him and give punishment. But i like bitcoin. How can i use it? And I want to explain that bitcoin is not bad for me. How can i successfully explain?

The reason why most of the countries dont acknowledge and accept bitcoin is because it is decentralized and they dont have any authority to regulate it thats why they avoid bitcoin. In your case, you wait until the government see the advantages and benefits of bitcoin and cryptocurrencies in your economy, it will takes time but if that will happen it will be all worth it.

[panganib999]

Our country government don't accept bitcoin. If anyone use bitcoin and know it state police Caught him and give punishment. But i like bitcoin. How can i use it? And I want to explain that bitcoin is not bad for me. How can i successfully explain?

The reason why most of the countries dont acknowledge and accept bitcoin is because it is decentralized and they dont have any authority to regulate it thats why they avoid bitcoin. In your case, you wait until the government see the advantages and benefits of bitcoin and cryptocurrencies in your economy, it will takes time but if that will happen it will be all worth it.

This is a fact. Most of the government didn't want to have any other related negotiations when it comes to bitcoin because they don't have the power to regulate it or to control since it is decentralized. I think many government personnel starting to think or come up to some idea on how they will manage to control the regulations of the bitcoin so that they may able to have some profits or to control it. They didn't actually want it to be gone but rather to learn how to control.

And yes, there are no law saying that a bitcoin user will be arrested but in our country some government starting to put some taxes on the bitcoin or cryptocurrency transactions since sometimes it has a large amount of money involved. They want to legalize it and put it under the law. I guess.

[celot]

If the government adopts bitcoin as a legal currency, of course a lot of people will use bitcoin as a transaction tool or as an asset for their savings compared to saving money in a bank, this will create financial difficulties in the bank and will have a negative impact on how the banking system will run. Maybe that's a very logical reason at this time when there are still many countries that have not legalized bitcoin transactions as a legal medium of exchange. But it does not rule out that someday if there is a change of government it will adopt bitcoin as a legal transaction tool.

[Mistafreeze]

Our country government don't accept bitcoin. If anyone use bitcoin and know it state police Caught him and give punishment. But i like bitcoin. How can i use it? And I want to explain that bitcoin is not bad for me. How can i successfully explain?

Many governments have already started accepting bitcoin as digital assets. It will take some more years when btc will become global currency.

[Cryptomint9]

Our country government don't accept bitcoin.

My country is also not supporting the Bitcoin and it is not localized still.

If anyone use bitcoin and know it state police Caught him and give punishment.

But this is not applied in my country because Bitcoin is a decentralised cryptocurrency and it can't be controlled by one country.
I can easily use it online or store it online.

But if Bitcoin has come to your life so I think it is not easy to bring out from the heart or life.
And one more thing many countries are not legalising but the Bitcoin is still making its way and going up and up.

[namcunguyen]

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Bitcoin is present in many countries and in those countries Bitcoin has been through many times banned but it also develops and exists today, so I believe people are gradually looking at Bitcoin with smart eyes. and the same goes for governments of some countries. we should wait for the right moment it will be more widely accepted by the government.

[virasog]

Our country government don't accept bitcoin. If anyone use bitcoin and know it state police Caught him and give punishment. But i like bitcoin. How can i use it? And I want to explain that bitcoin is not bad for me. How can i successfully explain?

There are many places in the world where bitcoin is not legal but still people uses them. You should not purchase anything from local market using bitcoin but you can use bitcoins to buy things from international market and also you can do trading / gambling without being noticed by your government.