Why are some countries being sentimental with bitcoin and the cryptos at large?

[Kakmakr]

You have to understand that most politicians and government employees are working in government for their own interest and not the interest of the public.

These politicians will look at a new technology to see what they can get from it, before they will support it. A lot of the coutries accepted Bitcoin, because they got something out of it. ( Russia can use it to bypass restrictions on global payments and some African countries accepted it, because they think "bribes" can be more anonymous." 

[Baki202]

each government has their own considerations in order to ban cryptocurrency circulation in their country, this is due to considerations of the influence of cryptocurrency on the economy and banking in their country. for example, in bangladesh, that country is quite strict in regulating cryptocurrency because it has the potential to disrupt the banking industry in their country and other illegal actions which would threaten the security of their country. so the government also has their considerations in banning crypto for several reasons, but if cryptocurrency continues to develop, maybe in the future these governments will relax their regulations on cryptocurrency.

They all have their reasons, according to them, why they have a problem with cryptocurrency. and even those countries that have accepted it partially are not yet satisfied so it is still a challenge for bitcoins Wherever bitcoin is legalized, there will be a tax on every bitcoin. And if you should take your time to explore the cash flow through crypto and fiat, it is a huge amount of money. One way or another, bitcoin transactions have a way of affecting the economy. and that is why some countries have decided to venture into it. and the government will have their reasons for banning it but I am very sure it will be a selfish reason if it is the government that I know.

Even though most countries still dominate in banning bitcoin and cryptocurrency transactions, currently several countries are starting to open up to cryptocurrency transactions, even in my country Indonesia bitcoin has been positive impact on state income through taxes. The number of transactions increasing from year to year is certainly an opportunity to make a profit through bitcoin or cryptocurrency, the government can see the positive side of how El Salvador is developing rapidly after adopting bitcoin as legal currency transaction in the future.
Large number of cryptocurrency transaction day by day and how drastically increase in the number of transactions during bitcoin close halving become opportunity to take advantage adopt taxes transaction trough cryptocurrency. Each countries has their own local currency transaction and government take advantage how to adopt taxes trough local exchange based on in my country adopted well each 0.12% transaction will cut off for taxes.

And if you do your research, things are changing Only a few countries are now against Bitcoin, even people who have banned it are still the same people trying to embrace it and some countries that have invested are making a profit now. That is a good strategy that they have developed to help their economy and as the price of bitcoin is going up, they are making a profit. and that is the reason why some countries are trying to legalize it because of the tax they will be able to generate from traders. If you look at the volume of traders even with the local currency, you will be surprised at the value you will see. so if everyone is making money then everyone is happy, and I don't see the issue of banning being serious again.

[Dzwaafu11]

I can't just get it right why a government would have such sanctions on such development like bitcoin despites its potentials and how hail and willing the messes are to have it existing at their door steps.

The government has its own reasons for not accepting bitcoin and other cryptocurrency in general, and those reasons are obvious because even a few countries that manage to accept it did not fully accept it. However, the masses are already using bitcoin, and the positivity of the currency has impacted many people world-wide today, so for me, I don't really have it in mind that the government should accept bitcoin.

I think bitcoin should continue existing the way it is now because in any country that makes bitcoin legal for their citizens, the decentralization of bitcoin will not work again. The government will look for a way to know how much bitcoin each investor in the country is hodling, which does not make sense, and they will set a tax for those investors, so it is good for it to remain like this.

Decentralization makes it harder for the government to accept and embrace crypto because they wouldn’t allow for something to happen without their full control on it. Bitcoin is designed to gain financial freedom from the government control, so if they will come to fully embrace bitcoin, it looks like they’re breaking their own government rule and perspective. That is why majority of the countries are still protecting their citizens not to get attached with bitcoin and its crypto space. But we all know no matter how tight the government is, people will always find a way.

exactly. The decentralization of bitcoin will stop existing if it is accepted by the government of any country because they will want to be the ones to control the currency like the fiat currency they used in those countries, which is not the aim of bitcoin. I know that it is because of the decentralization that the government is still against bitcoin, so I think it is better to accept the fact that I believe that people will use bitcoin as long as it exists.

[Barikui1]

It's known that crypto investment has brought about good impacts to individuals and organizations that has invested in the reputable and reliable cryptocurrencies such as bitcoin and those who had been lucky to make prospective incomes in the AltCoins.
Conditionally and unconditionally a lot of countries has been against Crypto currencies to be be adopted and exists in their countries despites the potnetials of bitcoin that has helped the masses to reduce the rate of unemployment and has also served as Alt source of incomes to some person's.
With all these said, Bitcoin and other reputable AltCoins deserved to be globally embraced without a margin of sanctions just like the way some countries does.
So I'm wondering if bitcoin existence has ever possesed any potentialities to bridge the countries Economic growths whereas the adoption of bitcoin doesn't give the countries economy the chances to grow. I can't just get it right why a government would have such sanctions on such development like bitcoin despites its potentials and how hail and willing the messes are to have it existing at their door steps.
Are the government self-centered?
Are they protecting their citizens from an omen that the cryptocurrencies portrays?
Or they're just being awkward from embracing digital developments?

I understand that, this is actually your own sentiment about the whole situation,  but you need to understand that life evolves around interest, so it very common that the most government around the world are  watching out at their own interest, the nature of Bitcoin, have made it impossible for the government to know how money is being moved, due to it decentralized nature an privacy, and the government sees it as a threat to it control over, because the government want to control everything, including finance.

So some of them choose to fight it, while some of them choose to strike a balance between the fiat and cryptocurrency, because they sees the benefits attached to it.

[wxa7115]

I understand that, this is actually your own sentiment about the whole situation,  but you need to understand that life evolves around interest, so it very common that the most government around the world are  watching out at their own interest, the nature of Bitcoin, have made it impossible for the government to know how money is being moved, due to it decentralized nature an privacy, and the government sees it as a threat to it control over, because the government want to control everything, including finance.

So some of them choose to fight it, while some of them choose to strike a balance between the fiat and cryptocurrency, because they sees the benefits attached to it.

It is that simple, this is about benefits, even ourselves are not exempted from this kind of thinking, as even if we support bitcoin, since it aligns with our particular ideology, but at the same time that support will be way more limited if we could not obtain an economic benefit out of it.

So it is natural that governments that are seeing that their interests are being affected are not happy with what is happening, as suddenly just because Satoshi had a great idea, they saw decades of efforts threatened all of a sudden.

[harapan]

Government will ban anything their don't have control over and decentralised cryptocurrency like bitcoin are one of such coins that the government can never have control over, or interfere innit transactions, this is obvious a threat to some of the countries leaders who lack the ability to properly understand the role that bitcoin plaus in the economy both at individual level, or institutions or government, but for the fact that just a low percentage of people around the world know and use bitcoin, government believes that the could eventually easily eliminate it when the feel it threat to their economy.

Most of the counties that attack bitcoin, are those that have not economic prosperity or any plan or programs that can help boost the economy and the lack of that have resulted in many of them having a misplaced priority and seeing that cryptocurrency is the enemy of their economy and they tend to attack it with either an outright ban or blankets ban in form of harsh regulation.

Its a good thing that bitcoin is decentralized,because with all these forceful factors from the government,they'll restrict the citizens from every outstanding benefits that bitcoin is supposed to offer all,forgetting that bitcoin is for everyone and it's not meant to be a biased network.

The government interest for the citizens are always towards themselves,thereby allowing the masses suffer for the government and that's not fair at all.

That's the reason bitcoin will keep growing and gaining mass usage amongst us and the less privileged.Satoshi,initially made a right choice to make bitcoin decentralized.The decentralized feature of bitcoin,makes it impossible for the government to manipulate and interrupt the function of bitcoin.Because they'll purposely divert the success's of people to themselves.Government has seen the future of bitcoins mass adoption and they're scared of its growth.

[Winterfrost]

Are the government self-centered?
Are they protecting their citizens from an omen that the cryptocurrencies portrays?
Or they're just being awkward from embracing digital developments?

apart from some instances when government becomes overly regulative on institutions that's off it jurisdiction, it's totally right that whatever project that's coming into the public space be scrutinized and regulated by the government. It's supposed to be that they are trying to protect citizens and society from whatever long term side effect they might have foreseen and that's why at the centre of most countries rejection and kick against crypto adoption has been the issue of the environmental effect of mining in those countries.

But the reality is that we all know what they are after, it's basically a fight to bring crypto under there watch. If it becomes possible that crypto will become centralized and regulated by the government, you will see an high level of adoption that will come with it.

[sekalitas]

It's known that crypto investment has brought about good impacts to individuals and organizations that has invested in the reputable and reliable cryptocurrencies such as bitcoin and those who had been lucky to make prospective incomes in the AltCoins.
Conditionally and unconditionally a lot of countries has been against Crypto currencies to be be adopted and exists in their countries despites the potnetials of bitcoin that has helped the masses to reduce the rate of unemployment and has also served as Alt source of incomes to some person's.
With all these said, Bitcoin and other reputable AltCoins deserved to be globally embraced without a margin of sanctions just like the way some countries does.
So I'm wondering if bitcoin existence has ever possesed any potentialities to bridge the countries Economic growths whereas the adoption of bitcoin doesn't give the countries economy the chances to grow. I can't just get it right why a government would have such sanctions on such development like bitcoin despites its potentials and how hail and willing the messes are to have it existing at their door steps.
Are the government self-centered?
Are they protecting their citizens from an omen that the cryptocurrencies portrays?
Or they're just being awkward from embracing digital developments?

In my opinion, governments are still evaluating how cryptocurrency can benefit them and their citizens. Since each country has unique challenges, cryptocurrency adoption will likely vary. However, if governments recognize the potential advantages, they may become more receptive to cryptocurrency. Ultimately, the key lies in understanding how cryptocurrency can serve the government's needs .

[Obari]

Well, I don’t have to speak for other countries but mine and I think one of the major reasons the government isn’t letting cryptocurrency breath in my country is greed.
Since there is no way they could tax cryptocurrency and possibly earn from it, they decided to fight against it and currently they’re already fight exchanges like binance and that has forced Binance to take down the naira peer to peer feature on their site, which is a strong evidence of the government’s hate on cryptocurrency.

U think I’ve also heard some rumors that, some of these government officials also secretly own most fractions of crypto to their names but yet fighting it since its citizens are already gaining financial freedom and independence which I’m pretty sure the government doesn’t want.

Aside that, I think one major reason a country should fight against cryptocurrencies is the rate of scams through them as most of the scammed money channeled through cryptocurrencies can’t be traced and recovered and that isn’t a good one for a country that wants growth for its citizens.

[martinex]

This is closely related to adoption and regulation. Indeed, the government has seen the performance of BTC and crypto which is able to change people's understanding and has slightly accepted changes in transactions that were previously traditional, switching to digital patterns.

In this case, perhaps, I personally see that this is just our opinion that the government is still selfish and wants to control everything but if we pay attention, they also want to maintain the stability of their traditional financial system so that it can compete and not be too inferior to the presence of this digital currency, even though one way of doing this is by enforcing relatively strict regulations.

[Natsuu]

Crypto especially Bitcoin has been a game-changer, bringing in cash for people and easing unemployment. It's a head-scratcher. Bitcoin could boost economies yet some governments act like it's a bad omen. Maybe they're playing it safe or missing out on the digital revolution. Striking a balance between innovation and rules is tricky. Governments should chill a bit embrace the future and find a way to ride the crypto wave without wiping out

[Patrol69]

The economic condition of every country is not the same and the level of education of the people of every country is not the same. One country's economic position is quite strong and the education rate of that country is very high, on the contrary, the economic status of another country is moderate and the education rate of all countries is very low. The people of the country where the education rate is high will think before making any decision and always try to take the right decision. In this case, they will not be very emotional, but the people of the country where the education rate is low, they will not think so much about the decision. Some countries feel that if cryptocurrencies or any of these things are legalized in their country, they may not be able to control their economic situation. Besides, they also think that since the people of their country are not very educated, if they are aware of such an investment platform or such a crypto platform, then they will invest everything without thinking, and as a result, the economic condition of that country will worsen.

[maknyos]

The economic condition of every country is not the same and the level of education of the people of every country is not the same. One country's economic position is quite strong and the education rate of that country is very high, on the contrary, the economic status of another country is moderate and the education rate of all countries is very low. The people of the country where the education rate is high will think before making any decision and always try to take the right decision. In this case, they will not be very emotional, but the people of the country where the education rate is low, they will not think so much about the decision. Some countries feel that if cryptocurrencies or any of these things are legalized in their country, they may not be able to control their economic situation. Besides, they also think that since the people of their country are not very educated, if they are aware of such an investment platform or such a crypto platform, then they will invest everything without thinking, and as a result, the economic condition of that country will worsen.

There is a possibility that something like what you said will happen, and the country needs to consider this before legalizing Crypto currency or making regulations regarding Crypto. Not all levels of society can get higher education, that's why there are so many social disparities in a country, especially if they come into contact with the Crypto world which really needs special learning. Sooner or later they will find out, but it seems that only a small percentage have a thorough understanding of how the world of Crypto Investment works or works.

[bestcoins1]

In my opinion, governments are still evaluating how cryptocurrency can benefit them and their citizens. Since each country has unique challenges, cryptocurrency adoption will likely vary. However, if governments recognize the potential advantages, they may become more receptive to cryptocurrency. Ultimately, the key lies in understanding how cryptocurrency can serve the government's needs .

If currently there are still government parties who think like that because they are still doubtful about cryptocurrency services for the government's needs, it seems that such government parties should read more about El Salvador, which is still adopting Bitcoin. And bring his understanding into the educational path so that it can be understood by the younger generation who will be the relay of the citizens themselves.

So if your country's government still thinks differently and hopes that cryptocurrency can serve all the government's needs, try advising them to ask the government of El Salvador about this because the country of El Salvador has experienced extraordinary progress through cryptocurrency investment which is especially Bitcoin.

[kro55]

In my opinion, governments are still evaluating how cryptocurrency can benefit them and their citizens. Since each country has unique challenges, cryptocurrency adoption will likely vary. However, if governments recognize the potential advantages, they may become more receptive to cryptocurrency. Ultimately, the key lies in understanding how cryptocurrency can serve the government's needs .

If currently there are still government parties who think like that because they are still doubtful about cryptocurrency services for the government's needs, it seems that such government parties should read more about El Salvador, which is still adopting Bitcoin. And bring his understanding into the educational path so that it can be understood by the younger generation who will be the relay of the citizens themselves.

So if your country's government still thinks differently and hopes that cryptocurrency can serve all the government's needs, try advising them to ask the government of El Salvador about this because the country of El Salvador has experienced extraordinary progress through cryptocurrency investment which is especially Bitcoin.

We give advice to the government? How? Do you think governments don't like bitcoin because they don't know anything about bitcoin? Do you think that if they are so stupid, how can they become the leader of a country? The government knows what bitcoin is, but since each government operates differently, countries that do not accept bitcoin have their reasons. We often know the government is a centralized organization while bitcoin is decentralized, what benefits do you think they will gain by accepting bitcoin for everyone to use?

China is the second most powerful country in the world and they don't need bitcoin, do you think we should advise them to learn from El Salvador? A country with the highest crime rate in the world and just a small country.

[MissNonFall9]

Many countries have declared Bitcoin or cryptocurrency illegal despite the emerging potential. They cited money laundering, terrorist or militancy financing, and state economic risks as reasons. So they have enacted the Foreign Exchange Regulatory Act, Anti-Terrorism Act, and Prevention of Money Laundering Act. Due to this, the people of the country cannot be a part of the development work due to economic losses and legal complications and the state is killing their emerging potential with its own hands.

Currently, we are very close to the fourth industrial revolution which is being handled very well by blockchain technology. Currently, many countries, including developed countries, are working to meet the goals of sustainable development within the next decade by overcoming the limitations of using blockchain technology.

[Volimack]

The reason for adoption of crypto is that people can easily get a lot from crypto there are no restrictions and everyone can do as they wish. For government activities people are hindered here they have to follow the rules of the government. Also government politicians may be getting emotional about crypto with so much demand for crypto currency. Some countries will adopt crypto to keep pace with the digital age.

[Pi-network314159]

Are they protecting their citizens from an omen that the cryptocurrencies portrays?
Or they're just being awkward from embracing digital developments?

They are not protecting any citizen against any omen, but they are just being foolishly ignorant to accept the revolution Tech. but the earlier they accept, the better for them. The reason behind why they are so rigid about cryptocurrency is that they only captured the negative side of it without looking at the brighter side of it, sometimes I think most of them haven't benefited much about cryptocurrency thats why they are so stiff. But I believe with time they will see the important of cryptocurrency bitcoin to be precise.

[Alpha Marine]

I don't know about other countries, but in my country, the leaders have small minds. They can't see beyond themselves. They're so incompetent that they look for anything at all to blame their failures on. They do not have foresight, hence why I said they have small minds. They can't see the bigger picture. When the leaders of a country have small minds they'll be against innovations like Bitcoin.

There's also the fact that Bitcoin is something they can't control. That scares them and is against what they stand for. That is not what they're used to.
I don't believe Bitcoin is an enemy of the government, it's the government that's making itself an enemy of Bitcoin. Bitcoin works in the favour of everybody. It has created employment and has given people the chance to have an investment without much stress. In a perfect world, bitcoin would be embraced by all, but we don't live in a perfect world.

[angrybirdy]

Are they protecting their citizens from an omen that the cryptocurrencies portrays?
Or they're just being awkward from embracing digital developments?

They are not protecting any citizen against any omen, but they are just being foolishly ignorant to accept the revolution Tech. but the earlier they accept, the better for them. The reason behind why they are so rigid about cryptocurrency is that they only captured the negative side of it without looking at the brighter side of it, sometimes I think most of them haven't benefited much about cryptocurrency thats why they are so stiff. But I believe with time they will see the important of cryptocurrency bitcoin to be precise.

I think that's the true reason why they can't accept bitcoin and any cryptocurrency, because maybe they gathered the negative information and other bad comments attached to crypto earlier, without knowing what the truth is? Because here in our country, the same thing happened, crypto became famous because of its bad image attached to the dark web but because my countrymen have a habit of being curious, they dug to the depths of the information about it and that's when they found out that it was not cryptocurrency is not only being used badly, but it will also be a way for people to be financially secured.