Why government not take good step?

[PonZZ]

Because the government still considers Bitcoin as a tool for money laundering and wants to control it.

[torrantz]

It's decentralized and that's enough reason for the government to not officially recognize it as a currency. Moreover, just look at the news about the IRS want to pay huge chunk of money to whoever able to crack Monero. although Monero is kinda different compared to bitcoin but I can see why they don't want to recognize crypto as real currency, they just can't have control over anything and therefore consider it as a threat.

[XZERO1]

Because the government still considers Bitcoin as a tool for money laundering and wants to control it.

That's not the problem actually, that's just their excuse, they're making it look like as if there's no many other ways of laundering money.

They're merely trying to protect the easy income that they get in form of different sort of fees from their banks, and in addition the control that they will have over their people using such a centralized financial institution, since crypto does all of those services in a centralized manner for a very small fee(which all of them goes to the miners and nodes that secure network) that is nothing compare to traditional banking fees and all the unnecessary paperwork.

[xiboothrezi]

~they just can't have control over anything and therefore consider it as a threat.

in this case, I think the government is doing its best to safeguard its sovereignty as a state. I respect the decisions of some governments that limit the use of cryptocurrency or BTC because they are concerned about illegal matters related to money laundering, the dark web, illegal arms trade, drugs, etc.
the restriction mostly relates to its use as currency. while its use as a trading and investment commodity is still allowed. In fact, the government is aware that bitcoin and other cryptocurrencies have benefits, but there are negatives to watch out for, that's all.

[AniviaBtc]

Mindset, when we talk about mindset then that will not make the reputation of bitcoin to grow.

If the government think that bitcoin is a scam and can't do nothing to their economy then that will not make them adopt on its dominance in the market.

Governments are probably scared of risking some of their budget for that, they don't want to allow digital currencies to enter their economy and they just want to have a traditional currency such as fiat. If they will not maintain that kind of mindset then probably they will have a slower development in the near future.

[yazher]

I khow many countries government are not allow bitcoin.nowadays bitcoin became very popular and country can move forward as a result of using cryptocurrency.

So, I think now the government should take a good step.What do you think about it?

They don't do it simply because they cannot get anything from it. Maybe they didn't get any offer from exchanges that operate in your country or they just don't want such volatile investment to operate in your country. some governments are strict because they are protecting the citizen from their bad side. we all know when bitcoins introduced to some of the countries there are lots of scammers who took that opportunity to scam people. they have their own version of investment methods and often these scam methods will become popular than the legit ones.

[MrMPy]

I am pretty sure that most if not all governments dislike all kind of cryptocurrencies, but sooner or later they will have to accept it.

[MCobian]

I also feel surprised if there are countries whose governments prohibit using Bitcoin, even though Bitcoin does not threaten the existence of fiat.
And it has even been proven that Bitcoin has had many positive impacts for its users, even in some countries it has been proven that Bitcoin can
help the economy. So if there is a country that has banned Bitcoin, the government of that country is just being selfish. do not attach importance
to its citizens. Besides, I think it's useless to get banned Bitcoin, because there are always ways to use Bitcoin. Fortunately, my country legalized
Bitcoin, even though it was only a digital asset. Hopefully in the future the government of my country will allow Bitcoin as payment too.

[Question123]

Instead of banning and not supporting bitcoin I think it's time for them to adopt bitcoin and better to accept it because if they accept it people will trust more to the bitcoin and their people's will invest because the government recommended the bitcoin. But it's their choice if they want to against to the bitcoin or support it. My country recognized bitcoin last few years ago and our government are supporting crypto which is good to see.

[jasonjm]

I khow many countries government are not allow bitcoin.nowadays bitcoin became very popular and country can move forward as a result of using cryptocurrency.

So, I think now the government should take a good step.What do you think about it?

One of the most obvious reasons for this is the anonymity of bitcoin transactions. As it is decentralized, it is difficult for the governments to regulate it. Other reasons could be, it might be used for money laundering, on the deep and dark web for illegal activities, and for funding terrorists.

[irixo10]

The truth is that, no government will move forward by using Bitcoin or in other words no government will adopt Bitcoin because they can't control it and because they lack the power to control it, they will rather look for ways to ban it or restrict it. Many governments are already tagging Bitcoin and other cryptocurrencies with criminal activities and so on, but yet Bitcoin kept growing despite whatever they say. Thus in essence, owing to Bitcoin decentralization, no government will adopt it but might set regulations in which platforms can adopt it for payment purposes as seen in some platforms already but to adopt it in full scale, they won't. Lastly, what I also think is that, invest in your Bitcoin and forget about the government adopting it because it will not happen.

[freedomgo]

Crypto is not something that they will accept easily, they have their own standard of law, but you know we should be happy as big countries are very open with accepting cryptos and the fact that institutional investors are risking their money on bitcoin as their investment, it's already a great start or a sign that we will see a massive adoption in the future, those countries who have not adopted with bitcoin yet might be left behind.

[Taskford]

I khow many countries government are not allow bitcoin.nowadays bitcoin became very popular and country can move forward as a result of using cryptocurrency.

So, I think now the government should take a good step.What do you think about it?

Three things what I think the reason on why government didn't take any good step towards bitcoin and that is

1. They don't know how to regulate it.
2. Or they simply don't care since they some of them doesn't know that this coin exist.
3. Volatility is the main concern that's why they didn't do anything about it yet.

[Swopon]

It's not so easy to take a good step about cryptocurrency now. It will take more time when people will know and use crypto more in their real life. Then govt may think about that take necessary steps to make it reliable and safe for people. In the future Governments of maximum countries may consider cryptocurrency as safe online money.

[arayde]

Govs dont like money that nobody can control. Thats the main reason of btc ban in some countries. They too afraid of it. And to be honest i dont know how btc legalize can push countries forward

[Hypnosis00]

I khow many countries government are not allow bitcoin.nowadays bitcoin became very popular and country can move forward as a result of using cryptocurrency.

So, I think now the government should take a good step.What do you think about it?

They don't make any benefits from Bitcoin that is why they wanted to stop the growth of Bitcoin. In fact, they have been talked about controlling Bitcoin and make this a centralized currency and the good thing is that they fail because there is no support given from crypto holders.

But maybe we are so lucky that it is not banned in our country, people can freely use it to spend buying stuff and any online payments.

[LimLims]

I khow many countries government are not allow bitcoin.nowadays bitcoin became very popular and country can move forward as a result of using cryptocurrency.

So, I think now the government should take a good step.What do you think about it?

The main reason for this is maybe the anonymity of Bitcoin.
Government is a body which works with full transparency.
So i guess for this reason, many countries governed still claim cryptos as illegal.
But yes soon we are seeing good progress on adapting these coins as legal asset in many countries.
Hope to see Soon that BTC is legal everywhere.

[rokon1234]

It's not so easy to take a good step about cryptocurrency now. It will take more time when people will know and use crypto more in their real life. Then govt may think about that take necessary steps to make it reliable and safe for people. In the future Governments of maximum countries may consider cryptocurrency as safe online money.

It seems to me now that most of the people in the countries do not khow about cryptocurrency properly and do not understand how to use it properly.so, maybe the government is not able to take any good steps for cryptocurrency.However, it is expected that by 2030 the government will take good steps towards cryptocurrency and many countries will then feel comfortable using cryptocurrency.

[josgandosbro]

Bitcoin does not reach most people. First, most people know that bitcoin. After those people easy to use and connect all country peoples. Then easy to reach the all-county people and GOVT will be accepted coming future. Bitcoin is a digital currency. So it easy to use all county and easy to exchange any county currency.

[hatshepsut93]

Many countries have banned abortions or marijuana while in others it's totally legal. Laws will always be different in different countries, unless all of humanity will get united under a single government. I don't think you can really expect Bitcoin to get unbanned just because it becomes more popular, in fact it could be a reason to keep it banned, because those governments have weak national currencies and they are afraid of their economy switching to Bitcoin.