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Author Topic: Why do govts don't make Bitcoin illegal worldwide ??  (Read 6722 times)

Offline silkytakyaan86

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Re: Why do govts don't make Bitcoin illegal worldwide ??
« Reply #30 on: July 05, 2022, 04:48:05 PM »
Yes you are right. In most countries, the government is not banning bitcoin. Despite this, he is supporting. That's why everyone is seeing the digital tech future in all bitcoins. Like , some people's imagination. Bitcoin will be helpful in bank transactions in the future. And ETC

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Re: Why do govts don't make Bitcoin illegal worldwide ??
« Reply #30 on: July 05, 2022, 04:48:05 PM »

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Offline pacar_tiri

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Re: Why do govts don't make Bitcoin illegal worldwide ??
« Reply #31 on: July 06, 2022, 08:27:43 AM »
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. dash or laundry systems) : this is governments worst nightmare, isn't it ?

Why bitcoin should be illegal, bitcoin is the future technology.
I think bitcoin should be accepted by many countries.
I have invested in bitcoin since 2015 and I think my country didn't blocked it.

Offline cheezcarls

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Re: Why do govts don't make Bitcoin illegal worldwide ??
« Reply #32 on: July 06, 2022, 01:15:19 PM »
It’s just that they can’t stop Bitcoin no matter what. Back then in 2018, it was more on negativity towards crypto not just from the government and banks, but also from financial institutions, payment processors, famous personalities and so on. It’s just that Bitcoin is so contagious that cannot be contained even with those countries that totally ban or illegalize BTC. Now most of the governments around the world are at least acknowledging Bitcoin at least within the grey area level that they’re not making it legal nor illegal.
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Re: Why do govts don't make Bitcoin illegal worldwide ??
« Reply #33 on: August 09, 2022, 05:07:34 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. dash or laundry systems) : this is governments worst nightmare, isn't it ?

I have read several opinions here, that said govt didn't legalize bitcoin because bitcoin can't be traced and could be misused by illegal activities.
I think I agree with this.
But maybe at the coming future, It will be

Offline Zezari

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Re: Why do govts don't make Bitcoin illegal worldwide ??
« Reply #34 on: August 09, 2022, 05:43:56 PM »
It is difficult to say about this situation with bitcoin when it will be legalized in all countries, maybe they are still looking for how to work in their field.
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Re: Why do govts don't make Bitcoin illegal worldwide ??
« Reply #35 on: August 09, 2022, 06:32:22 PM »
Bitcoin is a neutral currency since the ledger (or data) is public, therefore allows tracing. Yes, you can use mixing service to make it difficult to track, but then the mixing service will be (or already is) illegal. Thus, anonymous coins and coins that have built in mixing service are also illegal in many countries. Currency like Dash, Monero, GRIN, Zcash, Litecoin, etc., now can't be traded in some countries, for example South Korea.

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Re: Why do govts don't make Bitcoin illegal worldwide ??
« Reply #36 on: August 09, 2022, 08:43:15 PM »
States have nowhere to rush to react to cryptocurrency. After all, the cryptocurrency has both negative, from the point of view of states, and positive aspects. Moreover, the G20 countries, after considering the issue of cryptocurrency, came to the conclusion that the cryptocurrency does not pose a threat to global financial security. Also, the states are almost unanimous in the fact that the blockchain technology opens up new wide opportunities for its application in almost all areas of the economy of these states. States at any time can apply destructive measures for cryptocurrency regulation. In the meantime, they are looking at her.

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Re: Why do govts don't make Bitcoin illegal worldwide ??
« Reply #36 on: August 09, 2022, 08:43:15 PM »


Offline MrSpasybo

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Re: Why do govts don't make Bitcoin illegal worldwide ??
« Reply #37 on: August 10, 2022, 12:19:43 AM »
Governments will never give up their right to manipulate the economy with fiat and the system of central banks. In addition, users still do not understand the new payment technology, they will easily fall into the trap of scammers and cannot manage their own crypto assets.
However, I still believe that crypto payment method is the future, governments should allow traditional banks to support crypto services for users.
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Offline KaliLinux

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Re: Why do govts don't make Bitcoin illegal worldwide ??
« Reply #38 on: August 10, 2022, 12:30:23 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. dash or laundry systems) : this is governments worst nightmare, isn't it ?

I have read several opinions here, that said govt didn't legalize bitcoin because bitcoin can't be traced and could be misused by illegal activities.
I think I agree with this.
But maybe at the coming future, It will be

I hope we do realize that it is easier to trace Bitcoin than we can trace Fiat money when it comes to criminalities. If you have been following stories rising from a country like Nigeria where there are daily occurrences of Kidnappings and ransoms being paid, none of the ransoms are paid in Crypto but in Fiat money, because they know it is easier to spend on buying more arms and highly untraceable since it is hand to hand. so, let's not keep buying into that narrative that Bitcoin can't be traced which actually can be trace cos every transaction is recorded in the blockchain.

However, I believe it is more of the decentralization that government cannot control it totally.




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Re: Why do govts don't make Bitcoin illegal worldwide ??
« Reply #39 on: August 10, 2022, 11:43:52 PM »
Because this world consist of different countries with different government and different interests.
Bitcoin and other cryptocurrencies may be legal in some countries and in fact still illegal in other countries. This is also about the regulation of the Bitcoin itself. Government cannot control the cryptocurrency, because most of this are decenralized. This is cosdiered to be too risky for legalizing in all aspects.

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Re: Why do govts don't make Bitcoin illegal worldwide ??
« Reply #40 on: August 18, 2022, 03:51:43 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. dash or laundry systems) : this is governments worst nightmare, isn't it ?

Yeah, I think this is government worts nightmare, because bitcoin is usable , as you said making our transaction untraceable.
It can be misused by illegal activities.
I think government should have technology to control it.
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Offline nakmantu99

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Re: Why do govts don't make Bitcoin illegal worldwide ??
« Reply #41 on: August 21, 2022, 02:06:36 AM »
Yeah, the government and banking industry have been quietly fighting it for the past few years.  I think they know they can't win ultimately but still gotta try anyways.

No one can refuse teh future technology , I think.
The govts just ban but their citizens will always invested and trading in bitcoin and crypto currency with VPN
So, It seems difficult to block.
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Offline satpol_PP

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Re: Why do govts don't make Bitcoin illegal worldwide ??
« Reply #42 on: August 27, 2022, 09:11:11 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. dash or laundry systems) : this is governments worst nightmare, isn't it ?

Why the govt should make bitcoin illegal, Bitcoin is good digital asset.
It's very potential asset and will more expensive at the coming future.
I think digital currency will  be more needed at the future.

Offline elbans89

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Re: Why do govts don't make Bitcoin illegal worldwide ??
« Reply #43 on: September 02, 2022, 08:13:43 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. dash or laundry systems) : this is governments worst nightmare, isn't it ?

If the government makes bitcoin illegal, I think It's funny.
Because their citizens invested on it.
Bitcoin is the future technology,  The government should accept and allow this.
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Re: Why do govts don't make Bitcoin illegal worldwide ??
« Reply #44 on: September 18, 2022, 05:25:41 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. dash or laundry systems) : this is governments worst nightmare, isn't it ?

The government has own consideration because bitcoin is anonymous and cannot be tracked.
I think It's the reason why bitcoin is not legal.
Just allow but not legalized.
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