Cryptocurrency could be regulated but not could be declare as illegal because many of the people introduced by the system has a greater percentage of satisfaction on joining cryptocurreny and that includes myself. There are many ways to earn here in cryptocurrency so that is why instead of declaring it as an illegal it is good that government should be neutral. Aside from that the government has also foreseen its worth like having or conducting an ICO project. This is the best way also to implement a project which funds are coming from the crowd.

In my own personal opinion, even there are still countries who have banned bitcoin they could mot make bitcoin illegal or banned worldwide becayse there are many countries like america and japan who accepts bitcoin as legal currency. It has a less chance that the government could make bitcoin illegal worldwide.

I think why government don't BTC make illegal worldwide is because bitcoin is full of risks involved and also because the government does not understand clearly what is bitcoin and its systems.

Because to ban bitcoin they should pretty much ban the internet, and of course it's impossible. And all the countries of the world should agree, and that's something quite impossible. People would keep using anyway the bitcoin, the ban wouldn't stop them.

They can't ban it globally because they don't know how to. Many are neutral about allowing or banning cryptocurrency in their market and some smart ones encourage and recognize it as a real currency like Japan and South Korea. Cryptocurrencies can be threat to banks but to the economy. Furthermore, cryptocurrencies common goal is to improve the economy by proving a practical and efficient monetary system.

Instead of making it illegal, they should rather look for a way to regulate it such that they can have a little control over it in their country. The issue with government and bitcoin is the inability of government to regulate bitcoin as they want,that's why bitcoin has always been a threat to them. I believe in nearest future a way will be brought up to regulate bitcoin and not declaring it illegal .They have tried a lot to do so from the beginning but unfortunately they never succeeded. As you have seen the ban has imposed many times by the major countries of the world having big crypto community but it doesn't take too long to lift their ban. Now it seems impossible that a worldwide would impose over cryptos because crypto community is now much more stronger than ever before.

You are absolutely right. Government had seen how transparent Bitcoin is and see no reason to make it illegal. Those that set it illegal are just scared that their wrong doings will be revealed once their people know about Bitcoin.

Absolutely you're right sir, Im also worried if my country made Bitcoin as illegal and might denied the acceptance of Banks and remittances here. Implementing regulations is a step to legalize the Bitcoin and I'm glad the Outlook of our government in virtual currency here.

It is not an illegal platform. Government dont accept the platform because of the fact that it is decentralised and cannot be tamed or controlled by any government around the world. Believe the fact that some government officials are making it through this same platform. So, there are no government body to declare it illegal but can only be done by the government of nations individually.