Main reason government won't fully accept bitcoin

[crunck]

The reason why Bitcoin is not accepted by the government is first of all because Bitcoin is not under the supervision of the government, the government cannot do things as it pleases, the government cannot ban Bitcoin, and Bitcoin will not be killed.

They can ban bitcoin and restrict us from using it, but they can't completely destroy it because bitcoin is decentralized and popular all over the world. The government doesn't accept bitcoin because they can't control it and they don't get any benefit if they accept it. Bitcoin frees us, and that's what the government hates the most...There are too many reasons for them to reject bitcoin.

[Bananington]

The kind of people we have in government are people who always want to fight for their selfish interests,  anything that will surely benefit them. If it's something good that has to with better development for humanity as far as it won't benefit them they will surely go against it.

The topic should be "Main reason why the government won't fully accept bitcoin yet". There should be a yet because knowing how the future can turn out, things can change, so the decisions and opinions of the people presently the governments is bound to be under constant change as the people there change. The government may fully accept bitcoins in the future, their present stance about it will not always remain.

[White pawn]

The reason why Bitcoin is not accepted by the government is first of all because Bitcoin is not under the supervision of the government, the government cannot do things as it pleases, the government cannot ban Bitcoin, and Bitcoin will not be killed.

The government of any country would dream of having a “loyal” and controlled populace and would put in place policies and laws that would aim to do just that. The government of any country would love to have the finances and the cash flow of its citizens in check and somewhat controlled.

 Bitcoin has come to out an end to all that and that’s why most governments of various countries perceives bitcoin as a threat to the control they enjoy with the fiat system of payment.
Bitcoin cannot be killed but the government could very well dole out policies that could harm the usage of bitcoin and that includes a ban on all transactions.

[Wolfblood200$]

I think one of the major reasons why government have yet to accept bitcoin is due to untraceable transactions  ,

Governments wants to be able to trace or track  how it's citizens uses money so as to intersect illegal transactions like purchasing of weapons,  funding terrorism / human trafficking,  purchasing of illegal drugs etc,

Bitcoin is too secure and gives more right to bitcoiners than to the government  , so I think the government cannot afford to lose control of financial security  survelance ,

This written according to my perception and it's open for debate too,  thanks

[S A KHAIR]

People be saying that governments hate bitcoin due to it being used as a money laundering or tax evasion tool. Do note that those kinds of acts require a FIAT currency in the first hand, which is trackable. Heck, even most cryptocurrencies are also indeed trackable if it being used improperly.

Why does bitcoin being blamed, where in fact, FIAT is the oldest tool that is being used to launder money and tax evasion? That is absurd. Even today, it is still being used. So one of the root causes is simple, it is beyond their monetary control.

It is all just excuses, and they are not just blaming bitcoin for sponsoring terrorism and money laundering, they are blaming bitcoin for global warming as well. All of these are crap excuses to force us to give up bitcoin, but they have failed consistently, bitcoin is still growing and becoming more popular.

Governments know well about cryptocurrencies and they also know that money laundering and illegal activities are happening good through fiat. But they keep on pointing cryptocurrency as the cause for money laundering and illegal activities. In most of the third world countries the politicians itself doesn't know about cryptocurrencies, so they stand against its usage.

It is true that politicians don't have time to learn bitcoin, but they have advisors, leading experts in economics, so they don't know bitcoin is strange. As a politician, you need to embrace all the innovations of the world if you want your country to thrive or not be called a stupid politician. So I believe they all know bitcoin very well, and that's why they don't accept them.