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

[Cookdata]

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?

Are you serious about these questions? I read all your comments but these ones capture my attention the most. I think you should know better how the government work and how selfish they are. The government is self centered and everything that citizens does and it doesn't benefits them, they discard and let it go, they don't want to see it even exist and if they can't control it, then it becomes a problem to them. Look around you, the crypto adoption you are seeing here and there, apart from coperate organizations and companies, no government has ever adopt Bitcoin openly, only El Salvador has did but they are just a small country without their own currency.

The government isn't protecting their citizens financially, they are only afraid that people will wake up and abandoned what they have built for them, I mean the fiat and regular investment and focus on cryptocurrency, most people that has joined crypto today don't want to have anything to with the government again and that's what the government fear, becoming woke is their biggest fear.

[|MINER|]

If we see the last scale then not only this country is being sentimental with Bitcoin they are lots of countries who I am doing centimetre when Bitcoin and the other Crypto coins. But I think by doing this they are only lagging behind other countries in terms of technology and digital age and in future they will have to do the same. And do they think that just banning it will stop its use?  No, its level activities are still going on inside.  And I think it will never be possible if it tries to shut down its operations without first getting inside it and then identifying the crimes it is conducting.

[Belarge]

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?

The government been self-centered? Ofcourse every government wants what's best for their citizens but not in the case of crypto because we're watching alot of things going astray and out of line. Cryptocurrency portrays both the negative and positive effects, it all depends fom having our angles. The new development is beginning to become promising for most of us and we should earning in significant amounts. Every government have a good reason why they're turning down the full operation of cryptocurrency in their country, and there are boundaries in balance.

[johnsaributua]

A few years ago I heard these rumors in several other countries, maybe because crypto is so very well responded to by all who are currently its activists, uniqueness, technology, speed and now almost rural areas are already using it even though it is online. Indirectly bitcoin benefits anyone who owns it.

We know there are countries that buy bitcoin, look at this time. maybe the country is also making profits that can be used for state needs, development budgets, and for the sustainability of society with passive profits that are saved.

If talking awkwardly it could happen, because most countries have their own currencies, selfishness might make more supply settle if bitcoin is not traded, because bitcoin can be accepted to buy anything including paying electricity bills, tv, wifi and other food groceries.

Digitalization makes life easier even though there are people who don't like it and are too idealistic about the state. but there are more benefits that bitcoin provides than what is feared. if the state gets a reasonable tax contribution it might be a different story . in more appreciation of bitcoin for some countries.

[Assface16678]

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?

The government been self-centered? Ofcourse every government wants what's best for their citizens but not in the case of crypto because we're watching alot of things going astray and out of line. Cryptocurrency portrays both the negative and positive effects, it all depends fom having our angles. The new development is beginning to become promising for most of us and we should earning in significant amounts. Every government have a good reason why they're turning down the full operation of cryptocurrency in their country, and there are boundaries in balance.

Correct, to be added they don't negate bitcoin or crypto currency its just they don't have interest on it yet because implementing and adopting crypro currency in a country need to be planned, what I mean is that if they openly accept crypto currency then they should put up laws or rules that citizen will follow in order to have an order in the society because if they will just adopt or accept the usage of crypto currency in a country one day and suddenly imagine that many people will lose its direction because not all people, businesses or establishment are ready for the acceptance of crypto currency as payment, we just need time before all country will be open to crypto its not an easy thing thag crypto will be treated as fiat currency because they have a very huge difference in terms of its flexibility. So yeah, it may be far, but I know crypto currency will be more widely used in every country.

[MissNonFall9]

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.

Yes people can easily get a lot of benefits from cryptocurrency if they accept cryptocurrency very naturally. We know that the first thing that is needed for the personal country and global development is economic liberation. It is very difficult to achieve success in any business without financial freedom. And in this respect the cryptocurrency gives economic freedom to all of us. So everyone should welcome our cryptocurrency in this advanced information technology and digital age and accelerate the pace of development.

[TEBTC]

Most countries where bitcoins has been restricted is due to the rate of fraud that so many people has turned bitcoins into so government decided to banned it use
Then another causes of it could be acceptability and awareness of bitcoins by the leaders of a country

[Asuspawer09]

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 mean for sure Bitcoin and Cryptocurrency as we can see on the positive sides could have a big impact on a lot of countries especially on their economic growth as we continue to utilize its technology and develop them to become a part of our own system going to be huge for sure when it comes to the growth of a country.

But you are just looking at the bright side of it, if you look at the dark side of it there is a lot of fishy stuff that is happening that is not going to be acceptable by the government.
Like for example Bitcoin market price has no basis but just depends on supply and demand, it doesnt really have some kind of backup that is supporting it something like a company or a tangible asset. Price depends on nothing but supply and demand are just driven by the hype of the market similar to collectible rare things like a rare sneaker, or a rare gun something like that. It's getting its value just because someone wants it and is willing to pay for it, luckily Bitcoin already is developed in a lot of countries where its already established as an investment but it still doesnt have something that's backing it up so theoretically it could drop its market price easily similar to rare sneakers where at one point cost around 1million dollars then after a few months cost only one hundred thousand.

In my opinion, the government could take advantage of the technology of cryptocurrency, and in the future, for sure this technology is going to adapt to a lot of countries, but we also need to understand that we have the fiat money system which is already a dumb system allowing them to print unlimited money, which is completely different from what Bitcoin is, for there will be a lot of complications on that.

[Cookdata]

Most countries where bitcoins has been restricted is due to the rate of fraud that so many people has turned bitcoins into so government decided to banned it use
Then another causes of it could be acceptability and awareness of bitcoins by the leaders of a country

I checked analytical insight to see if I can find the current rating of 10 top internet scamming countries and what I found was the rating of last year and judging by your statement, you are wrong about that. Among the top countries that has ban Bitcoin was only China and what happened was the crackdown of miners activities. The government believe there high numbers of illegal Bitcoin mining site in China and this was due to the fact the electricity were cheaper to mine and due to the concern of global warming, the government decided to ban anything related to Bitcoin and not "scam" campaign. Even India still allow the used of Bitcoin despite the high rate of scams from that region.

You should know that government can ban anything for many reasons particularly if it's something they can't control or something that dify their aims and objectives. I could remember in 2020 when the Nigeria government ban anything related Bitcoin because there was ongoing protest and donations were made through Bitcoin and other means and the only way to stop the ongoing protest was to stop funding them and they did ban it but fee years later, it was later unbanned.

[Taskford]

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.

Yes people can easily get a lot of benefits from cryptocurrency if they accept cryptocurrency very naturally. We know that the first thing that is needed for the personal country and global development is economic liberation. It is very difficult to achieve success in any business without financial freedom. And in this respect the cryptocurrency gives economic freedom to all of us. So everyone should welcome our cryptocurrency in this advanced information technology and digital age and accelerate the pace of development.

Depends on the understanding and how educational drive towards cryptocurrency usage will be portray then we maybe can see some changes to happen especially for gaining benefits towards this industry. But if rampant corruption will happen and they allow to use bitcoin or whole crypto but they let their people without proper guidance then maybe a sudden changes might happen especially if there's a lot of scam will be reported.

So it needs proper guidance from government and they should study well on how they can implement this new adoption they have done so a great success will be earn to their people and also to them. For once everyone is earning the benefit of adopting this currency for sure there will be a lot of income to flow from government and that can help to increase the progress of their economy.

[wxa7115]

Most countries where bitcoins has been restricted is due to the rate of fraud that so many people has turned bitcoins into so government decided to banned it use
Then another causes of it could be acceptability and awareness of bitcoins by the leaders of a country

You are just buying the narrative that has been created by the governments and the media, now it is undeniable there are some criminals using bitcoin, but the same is true for fiat and at a much larger scale, and I do not see any initiative by politicians to take measures against banks and their executives for allowing this situation to continue.

So make no mistake, the politicians of many countries are against bitcoin because it affects them and it reduces the power they hold over their citizens, and they do not like this at all.

[bestcoins1]

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.

This response is quite eye-opening for me today, but what you need to understand here is that I am not asking you to give advice to any government party. But if you still feel like you are a good citizen and feel it is appropriate to give advice to the government about Bitcoin, I don't think that's wrong either. And regarding how to notify the government about something like this, I think you are still quite clever in writing and speaking through important government institutions.

I don't think a country leader is stupid, but if you think that I have thoughts like that, guess who is stupid here . Every state leader has knowledge and it is clear that the knowledge they have will not always be the same between one leader and another. So if a country's leader wants to learn something from another country's leader, I think it is legitimate for every leader to do this, including wanting to learn from the leader of a small country like El Salvador. However, I also agree with the statement that each government operates differently in their respective countries and also has its own reasons why it does not accept Bitcoin.

But if you ask about what benefits the government can receive when it wants to accept Bitcoin for everyone to use. I also have to ask again about the citizens of the small country of El Salvador who have been using Bitcoin as freely as they use money every day. Because in terms of benefits, I think Bitcoin can provide benefits to everyone and not just the government.

[TheUltraElite]

Cybercrime and terrorist activities are what the governments have quoted for their harsh stance to crypto. But they cannot ban it completely, which is something that realize too. It is not within our control to change the government policies overnight but can continue to spread awareness and allow the usage of crypto regularly. This can bridge the gap between economies and make a long lasting impact on the government and they might consider rethinking their policies.

This is not an overnight game, we have grown from a city where nobody knew about bitcoin to everyone asking about bitcoin to the rare few who know about it over the last decade.

[BlackBoss_]

Cybercrime and terrorist activities are what the governments have quoted for their harsh stance to crypto.

They can accuse that cryptocurrencies are used for money laundering and criminal activities but if they say cryptocurrency industry is where criminals did most of such activities, they say it wrong. Banks, fiat currencies are tools for criminals to do most of such activities in total value.

But they cannot ban it completely, which is something that realize too.

You can say about it with Bitcoin but if you say it with altcoins, it can be not accurate.

Altcoin projects are centralized in their founder, core team members and governments have enough big power to shut altcoin projects down. Fortunately they can not do it with Bitcoin so we can stick with Bitcoin.