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    Author Topic: why do governments don't make BTC illegal worldwide ?  (Read 8141 times)

    • princeyeboah
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    July 08, 2018, 12:26:15 AM
     #681
    Each government has its own policies with which it runs a country and these policies differ from each other depending on the country's economic status and the needs of the country. All the governments cannot stay negative about Bitcoin although it is decentralized. Some governments of some countries like Indonesia and South Korea are positive about Bitcoin and practically use Bitcoin to harness the country's economy.
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  • royal slave01
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    July 08, 2018, 01:36:24 AM
     #682
    Quote from: princeyeboah on July 08, 2018, 12:26:15 AM
    Each government has its own policies with which it runs a country and these policies differ from each other depending on the country's economic status and the needs of the country. All the governments cannot stay negative about Bitcoin although it is decentralized. Some governments of some countries like Indonesia and South Korea are positive about Bitcoin and practically use Bitcoin to harness the country's economy.

    Yes i agree and not all governments in different countries have the same perspective about bitcoin because while others did not trust in crypto there are still some who really trust and believe that bitcoin can help improve their country .

  • Daday23
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    July 08, 2018, 03:05:20 AM
     #683
    Until now its a big question to me and there is no exact answer why this scenario happened to bitcoin.They said that bitcoin is a big threat in goverment and in bank,once they legalized bitcoin they cannot control it or regulate it .But on the other side there is country open their door to legalized and utilized it to goverment to gain profit.I know that they have different perspective in bitcoin and i think we need to respect their decision.

  • razgeriez
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    July 08, 2018, 03:55:21 PM
     #684
    Quote from: Daday23 on July 08, 2018, 03:05:20 AM
    Until now its a big question to me and there is no exact answer why this scenario happened to bitcoin.They said that bitcoin is a big threat in goverment and in bank,once they legalized bitcoin they cannot control it or regulate it .But on the other side there is country open their door to legalized and utilized it to goverment to gain profit.I know that they have different perspective in bitcoin and i think we need to respect their decision.
    Because Bitcoin is decentralized and that's a good stuff for banks and goverments at all. Banks and Goverments are centralized and actually they're opposite of each other so that's why goverment don't want to make BTC legal worldwide.

  • Cacao2017
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    July 08, 2018, 04:01:22 PM
     #685
    In different countries there will be different bitter policies and in European countries they attach great importance to and invest in bitcoins. They are not going to be turned around or severely punished because government recognition will different

  • kingkongcorp
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    July 08, 2018, 04:07:19 PM
     #686
    If the government makes illegal btc surely it will fuck up its country because making btc ilegar is also very risky so they will not make illegal btc because it is so risky for them so they are reluctant to make illegal btc

  • cacvy3
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    July 08, 2018, 04:29:05 PM
     #687
    And why do you care so much about this? You are just spamming this forum with nonsense and you are asking why they are not still banned? Came on my friend, stop being so hypocrite because it makes me feel mad.

  • Tatsuyashiba
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    July 08, 2018, 10:29:28 PM
     #688
    Every government has a different idea then there is also not receive bitcoin in the country. Maybe they think bitcoin will destroy the economy that exists in the country.

  • pantheraio
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    July 08, 2018, 10:34:49 PM
     #689
    Quote from: lentzaj on August 29, 2017, 06:37:34 PM
    I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !

    BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?



    They think bitcoin to laundry money simply because they are more safe looking at risk taking and they can not control bitcoin, so not all governments accept bitcoin. There's also a lot of negative news about bitcoin maybe it affects their mindset.

  • dark1234
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    July 08, 2018, 11:27:24 PM
     #690
    Quote from: pantheraio on July 08, 2018, 10:34:49 PM
    Quote from: lentzaj on August 29, 2017, 06:37:34 PM
    I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !

    BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?



    They think bitcoin to laundry money simply because they are more safe looking at risk taking and they can not control bitcoin, so not all governments accept bitcoin. There's also a lot of negative news about bitcoin maybe it affects their mindset.
    I agree with you ... one of the topics in countries about bitcoin that can not be controlled by a bank or government is the issue of money laundering by irresponsible people so that they behave like this is possible by increasing the more strict KYC will make the space of irresponsible person more narrowly will be the solution in the future

  • jakezyrus00
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    July 08, 2018, 11:30:01 PM
     #691
    Some countries did not make it illegal instead they accepted cyrptocurrency because they know that time will come that they can use use to gain more income and to improve and develop their industry and market. That is why they supported it because they will need it sooner or later.

  • Kuningkuning1
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    July 09, 2018, 04:32:21 AM
     #692
    For making anything illegal worldwide, the governments need to come up with valid reason. And some governments dont care about bitcoin and some governments uses cryptocurrency too so they cant ban bitcoin worldwide.

  • lexkiee28
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    July 09, 2018, 07:10:58 AM
     #693
    the governments of some countries make legalized the cryptocurrency to pay the taxes of bitcoin user they regulated it.
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  • Neraj Evad
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    July 09, 2018, 07:25:32 AM
     #694
    Even if the bitcoin has a very good goal in helping people to changes their way of life through bitcoin investment and activities , but wr can not deny that there are people who uses this good technology of cryptocurrency for illegal transactions worldwide , yhat is why the government will try to stop the BTC illegal transactions worldwide.

  • automaticmoney
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    July 09, 2018, 07:36:41 AM
     #695
    governments don't make bitcoin illegal worldwide because no government cant stop bitcoin they can only put limitations and regulated and tax it .bitcoin is beyond their control

  • curry101
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    July 09, 2018, 07:43:02 AM
     #696
    Btc is illegal in certain country because it is used by some people for illegal transactions. The governments bans bitcoin because they knew it some kind of money laundering, and sometimes btc is being used in illegal drugs and other illegal actions.

  • crea8ivemoiz
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    July 09, 2018, 07:44:51 AM
     #697
    Beyond the difficulties presented by the decentralization of bitcoin itself, governments and regulatory bodies have shown they lack understanding of technological topics, and bitcoin is one of the most complex. As governments struggle to ban technologies like Tor and encryption, it seems impossible.

  • InKiTy38
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    July 09, 2018, 07:49:43 AM
     #698
    In different countries, different bitcoin recognition and appreciation will be validated by government and some countries recognize the value of bitcoin and may help their developed country to accept Get it

  • Kayuslawal
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    July 09, 2018, 07:49:47 AM
     #699
    Because its decentralized and they know it will be difficult for them to control and make it illegal..

  • faithofb
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    July 09, 2018, 07:58:37 AM
     #700
    It will be a difficult task for them to achieve because they know its not centralized which will not be easy for them to control because of iys decentralized nature it was created for.. .
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