Will bitcoin support by government?

[Bobcrypto]

Bitcoin is a threat to government because of lacking of authority they cannot control it. The other negative side of bitcoin are can be used in laundering, purchasing in illegal market and etc. I think bitcoin is a threat to the government.

No, Bitcoin is not a treat to any governments of the world; and for the fact that Bitcoin is decentralized, has made it a treat despite their claims that it may be use for money laundry, or sponsoring of terrorist activities. I will let you know that before the invention of Bitcoin, there has been these criminal activities in the world and I don't think Bitcoin is now the source for all these activities.
Let us not insunuate things that are capable of bringing a wrong feeling before the crypto community. Thanks

[dekafee79]

Bitcoin is a threat to government because of lacking of authority they cannot control it. The other negative side of bitcoin are can be used in laundering, purchasing in illegal market and etc. I think bitcoin is a threat to the government.

I think It will happen mate, when digital era is coming, I think every countries will accept bitcoin and addopt block chain technology. Government will support bitcoin and maybe will legalize bitcoin. Let's see the progress of Bitcoin mate.

[labonikhatun]

It is difficult to say whether bitcoin will support the government many countries do not support bitcoin as it is illegal because the government of a decentralized country cannot control it. But i ithink if the government supports bitcoin it will be good for the government everything including the country's economy will change rapidly the central banks will be in a much better position.

[Arendra]

indeed BTC is a threat to the government, there are even some countries that have banned their people from doing transactions with this BTC. But as long as BTC is still profitable and has not been banned in the government of my country, I will still invest in this field.

[Senin]

Bitcoin is a threat to government because of lacking of authority they cannot control it. The other negative side of bitcoin are can be used in laundering, purchasing in illegal market and etc. I think bitcoin is a threat to the government.

I think It will happen mate, when digital era is coming, I think every countries will accept bitcoin and addopt block chain technology. Government will support bitcoin and maybe will legalize bitcoin. Let's see the progress of Bitcoin mate.

Governments will be forced to legalize decentralized cryptocurrency, but they do not need it and they will never actively support it.  On the contrary, over time, we should expect a tightening of regulation of the cryptocurrency.  States and their governments will use only centralized digital currencies in their activities.  Basically, these will be their digitized central bank currencies.

[Coin63@]

Bitcoin is a threat to government because of lacking of authority they cannot control it. The other negative side of bitcoin are can be used in laundering, purchasing in illegal market and etc. I think bitcoin is a threat to the government.

Bitcoin is a virtual cryptocurrency which have no control on a individual person or institution. Government can't control bitcoin . Bitcoin mining a bad impact on countries energy supplying.electricity and fuel energies are hugely used. Central bank don't support bitcoin due to threaten their transactions systems.

So you can realise that how government can support bitcoin?.

[Tnoy30]

Bitcoin is not a threat to any country's government. Bitcoin is a very common currency in the world. Governments in many countries view Bitcoin as a moral issue. Because they think so many transactions are money laundering. But this is a misconception of governments. Again, they do not want to allow different casino games inside the country, so all the activities of casino games are done in cryptocurrency. Many expert advice has also been given to the government in this regard. But I don't think Bitcoin can be for any country.

[expander]

threat? In my opinion, it is not a threat, all things must have positive and negative sides, depending on who does the transaction. If the transaction is done by a good human being, it will definitely be something positive, so always think positively.

[IyemRoker]

Think clearly.
Think clean.
And look how the Bank treats Bitcoin like an enemy in the blanket.

Banks also need Bitcoin for their financial circulation to run smoothly with transaction fees and banks also don't want to accept Bitcoin if it goes into its radar because it is unstable.
These two sides are difficult to join together like Water and Fire.

[Astra]

Think clearly.
Think clean.
And look how the Bank treats Bitcoin like an enemy in the blanket.

Banks also need Bitcoin for their financial circulation to run smoothly with transaction fees and banks also don't want to accept Bitcoin if it goes into its radar because it is unstable.
These two sides are difficult to join together like Water and Fire.

Price volatility is just one of many reasons why governments and their banks in general will not support and will not use a decentralized cryptocurrency in their activities.  Of course, banks will conduct some services in cryptocurrency, such as the exchange of cryptocurrency for regular currency, since there is no risk for them here.  For states, a decentralized cryptocurrency is "no one's" secured financial assets that can depreciate at any time.  Therefore, states can legalize cryptocurrency, but they will not actively support it.  Moreover, the opportunity has now opened for states to use their digitized central bank currencies.

[highnayem34]

I dont think so.  Bitcoin may be a danger to the government. Bitcoin cannot be controlled by the government. But there are as numerous preferences to Bitcoin as there are drawbacks.

[jet]

Bitcoin is a threat to government because of lacking of authority they cannot control it. The other negative side of bitcoin are can be used in laundering, purchasing in illegal market and etc. I think bitcoin is a threat to the government.

I'm not seeing BTC would be a treat to the government. instead it could aid the government in term of financial aspect. there are countries however ban BTC but not because its a treat but because  of many of their citizen get involve in a scam project and the government is predicting more damage to the their people's money. further, the government is not convince that BTC is a good form of investment because if the highly volatility of this coin.

[de_prof]

Bitcoin is a threat to government because of lacking of authority they cannot control it. The other negative side of bitcoin are can be used in laundering, purchasing in illegal market and etc. I think bitcoin is a threat to the government.

Many people hope their government will support Bitcoin. I think It will not happen mate. Government just accepted but not legalize or support. Bitcoin also not need the support from government, because bitcoin cannot be controlled.

[Crypto_Somrat]

Bitcoin is a threat to government because of lacking of authority they cannot control it. The other negative side of bitcoin are can be used in laundering, purchasing in illegal market and etc. I think bitcoin is a threat to the government.

Yes brother you got the right point. The government has no control over Bitcoin. Unlike other real currencies, the government cannot impose any taxes on Bitcoin. So the government does not want to legalize it. I think every country will prosper economically if Bitcoin is legalized. Hopefully soon Bitcoin will be legal in every country. But that day is not far away.

[Goblin]

Bitcoin is a threat to government because of lacking of authority they cannot control it. The other negative side of bitcoin are can be used in laundering, purchasing in illegal market and etc. I think bitcoin is a threat to the government.

You are right that Bitcoin is a threat to the government.  Bitcoin cannot be controlled by the government.  The Bangladesh government has declared Bitcoin illegal.  But there are as many advantages to Bitcoin as there are disadvantages.  Bitcoin will be used in most of the illegal activities in the mind of Bangladesh.