Will bitcoin support by government?

[Nostoman]

Since the government of any country does not get tax from bitcoin transactions. So the governments of different countries declare bitcoin transactions as money laundering. The governments of some countries support Bitcoin. In addition to some countries there are many developed. They have approved Bitcoin. No specific Bitcoin authority is known yet. However, to my knowledge, I do not know any specific authority of Bitcoin. So the matter is going on with this idea to the whole world. So the government of any country does not want to approve Bitcoin because it does not have the authority. Because it can play a huge role in the economy. But a threat to the country's government. But I think if the government of a country approves Bitcoin, it will be a threat to that country. I think the wheel of the country's economy will continue to move faster.

[lepbagong]

Government cannot control Bitcoin, it is decentralized, even Satoshi don't control the Bitcoin. I think government only needs to support a new revolution in digital asset and currency. It is very helpful for people around the world, so why not support this? It deserves to support and continue to improve more.

Of course, every country has rules that have been made to keep what is happening in the world with the development of bitcoin to be scrutinized and paid close attention to. because it could be that bitcoin is used as money laundering if it is not looked at properly which will be detrimental to the country. so we can be sure that clear rules will be made so that there can be reciprocity. that's why there are still countries that have yet to recognize bitcoin as a legal medium of exchange. because there are still many countries that are not ready to accept this progress.

[ranaprime]

It is depends on the government of any country. Actually those are developing country it is difficult to allow bitcoin. Though we know the advantages of bitcoin but also have disadvantages as country economic issue. If they think they can not control bitcoin then definitely it won't allow by the government of that particular country. 

[Tanimariya]

Governments in most countries do not support bitcoin. Because the government of any country does not get any tax from bitcoin. Bitcoin is controlled by the user. It cannot be controlled by the government of any country. There are more or less bitcoin users in the world. One country has Bitcoin users. Bitcoin has a role to play in keeping the wheel of the economy moving in most countries. Many people are unaware of this. The way Bitcoin or cryptocurrency is being criticized in the media now, Bitcoin is definitely gaining more popularity all over the world. That's why the promotion of Bitcoin has increased.

[Sammy9ce]

Government are looking for way to monitor all our transactions,. It is hard for us to move money without the control of the government

The government wants to know everything. Controllable electronic money will survive, and virtual currencies beyond the influence of the government will be eliminated

[densus88]

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, I see many countries has adopted bitcoin technology for their company. I think several countries has supported this coin and blockchain technology . The reason why several blocked bitcoin, because they worry in their national currency will be replaced by bitcoin.

[Quantum X]

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.

It is a thrieat, yes! But on the other side this could helpful too at the same time only if government will use its power to manage bitcoin properly. Bitcoin is just a system created by an individual or a group, it is not a system created outside from the universe just to believe that government has no power over it.

[gODZILA72]

This is obvious, but this can be corrected through long work and the introduction of regulation for cryptocurrencies, this will allow the introduction of crypto and use all its advantages! I think the government will eventually agree with the crypt and develop mechanisms for regulating such digital assets!

[smt_nirwana_01]

states will want to use it. Because most wars today are economic. first you try to damage the enemy country economically. this can be done from such money in later times. Therefore, I think that all countries will try to follow and control bitcoin and all other money movements in their own countries in the future. Of course, I don't know if this is possible. because bitcoin has no specific center.

[sampoerna]

In the beginning, many countries against Bitcoin because they thought that BTC and also other cryptos may break the rules and system of finances in their country. Moreover, there are much negative news about the use of BTC.
But right now, the era has been changing. This is the digital era. SO many more countries are aware of digitalization, about digital money and assets. That is why right now, we can find many countries accept BTC. We can see a better future for this

[Black ID]

Currently in the process where the government seems to start repect with bitcoin. because maybe the government finally realized that this bitcoin has great potential. Moreover, many good projects were born from crypto. Let's just wait that the government will soon approve and support bitcoin.

[Blaze]

So far I don't think Bitcoin needs support from the government because bitcoin price movements depend on interactions between buyers and sellers who can provide bitcoin price movements.

[rizqillah]

If bitcoin will be supported by government I think It will be a good thing . I believe bitcoin will improve and more stable. Because we all know, All this time bitcoin always be againsted by government and negative issue. At several countries also has blocked bitcoin.

[Malam90]

Most of the govt of the countries consider Bitcoin is a treat to their policy. They think Bitcoin may be used in illegal ways like money laundering, illegal weapons purchasing and many illegal ways. But still now only for few incidents, Bitcoin is safe and not their detrimental to the financial policy. Govt can rethink about to legalize in different ways after Paypal acceptance which will be beneficial to their financial policy.

[syedrasool2011]

Yes lot country support Bitcoin but some country dint support bitcoin like Pakistan.