Why do govts don't make Bitcoin illegal worldwide ??

[anshor1]

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.

Yeah bitcoin is the future technology, I think the govt and banks should adopt this technology, not against.
I believe we will see block chain technology will dominated at the coming future.

[ritiktakyan01]

The government cannot make bitcoin illegal worldwide because bitcoin is a digital currency. Most people believe in bitcoin. Day by day bitcoin is making its place in the hearts of the people. In the coming time, bitcoin will rule the whole world.

[Madmax789]

I am new to the form but as far as I 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.

[Senin]

In my opinion, the most important criterion is that world states do not yet see a threat to the security of their global financial system from cryptocurrency. This was said at the G20 summit. If the decision had been different, then the reaction of states to the cryptocurrency would have been completely different. Do not underestimate the strength and power of states.
We can imagine if only the G20 countries would declare the use of cryptocurrency illegal and oblige states to declare its use a crime with the establishment of severe criminal penalties, up to and including imprisonment. Eriptobirzhi and exchangers would not officially work. Government agencies tracked transactions and tried to identify wallet owners. Surely the volume of transactions would have fallen not hundreds, but thousands of times, along with the prices of cryptocurrency. She could still walk illegally, but cashing her out would be extremely problematic.

[ashraf786100]

Although I am new to the form, from what I can see, the financial sector and the government have been discreetly opposing it for some time. They must try even though they probably know they can't win.

[dekafee79]

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 ?

Not easy to make bitcoin as illegal worldwide.
Because  many investors that invested on bitcoin and other coins.
The government should allow bitcoinand altcoins.
No matter with this.

[Alcor]

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.

Do not underestimate the capabilities of states and their governments. On the contrary, they are quite confident that they can stop the spread of cryptocurrency at any time. If the states of the G20 countries decide to ban it, the cryptocurrency will go into the shadows and the volume of its transactions will drop sharply, as well as the demand for it. Therefore, they are in no hurry to make such a decision, because they do not yet see cryptocurrency as a threat to the security of their financial system. Cryptocurrency should develop alongside the fiat of states and not be opposed to it.

[Astra]

Governments do not need to rush to ban bitcoin or other cryptocurrencies just yet. Apparently, they themselves have not yet decided how to deal with cryptocurrency. Moreover, more and more states are leaning towards the legalization of cryptocurrency, but subject to the regulation of its circulation in society. But now there is still no unequivocal position, just as there is no certainty among them about its legal status, that is, it is money, a commodity or a security. In addition, governments do not yet know how cryptocurrency will further influence their global financial system. Our world, it seems, has not yet known such an experience.

[rizqillah]

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 think untraceable is not the reason bitcoin must be illegal.
Crypto technology is the future technology.
I think the government should have good knowledge how to trace their transaction.

[de_prof]

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 you asked it, I also aske why bitcoin must illegal.
Bitcoin is digital asset although cannot be tracked but bitcoin is profitable investment.
Hopefully bitcoin will be legal assets