Will bitcoin support by government?

[Noverteno]

It is necessary first of all to find out what we mean by government support for bitcoin.  We see that now most states have already legalized cryptocurrency or intend to do so in the near future by establishing general rules for their circulation on their territory.  It hardly needs to be called cryptocurrency support.  It's just consent to walk around the country.  Support should be considered the creation of special conditions for the development of its liquidity and infrastructure.  In general, states will not do this, that is, they will not support Bitcoin and other cryptocurrencies, since they not only do not need a decentralized cryptocurrency, it contradicts their general financial policy.  States will develop their national digitalized central bank currency.

[indexx]

I think the government is starting to see Bitcoin. Moreover, there are many success stories with this bitcoin. the government began to look at the existence of stable coins which are very suitable for safe investment.

[sky20]

If the govt control the whole system of blockchain in that day the govt will support the btc otherwise it is not possible for govt to support the btc in general .The interesting matter is the developed countries most of the legend people support and they invest this site but they do not want to support in front of the public and government .   

[trauchot]

Many governments support bitcoin and many countries have already legalized bitcoin and this is the right decision, but unfortunately most of the world still does not want to legalize bitcoin due to the fact that too many scammers use bitcoin to launder money and the transfers of this money that are laundered through bitcoin cannot be tracked and this is a huge problem.

[Methos]

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.

Yes I agree to that note. Many Western countries are already open to use Bitcoin as one of their mode of payment. The Government is not controlling the Bitcoin but only facilitating how to utilize the benefit from it. Now in a third world country like ours Philippines it will be a very long process.

[ranaprime]

We know that bitcoin or crypto currency is decentralized so it is impossible for government Authority to permit bitcoin or support it. If any government permit then definitely they will make unbearable loss. Money laundering will be the everyday new. Over all the government can not control it.

[Dociko]

Bitcoin is not supported by the presidents of most countries or the administration of his party. Although Bitcoin is accepted as one of the best currencies in the world, experts in different countries think that if Bitcoin fluctuates, banks will be harmed if they allow transactions in banks. Governments in many countries have not approved bitcoin for such an idea. However, countries with more developed economies must prioritize bitcoin approvals and bitcoin transactions.

[jakasantosa]

Regarding the governments that support bitcoin, here are some countries whose governments support bitcoin and many artkels mention that the countries whose paradise is for bitcoin are Singapore, Switzerland, Malta, the United States and Japan.

[Astra]

Decentralized cryptocurrency completely contradicts the principles of the functioning of the state financial system.  Therefore, states will never actively support Bitcoin and other cryptocurrencies.  First of all, this will be expressed in the fact that states will not use bitcoin in international settlements and government authorities will not widely use bitcoin.  Bitcoin, like all decentralized cryptocurrencies, will be mainly used by citizens and part of commercial structures.

[therozaq]

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 don't think about it, so far in my country government doesn't blocked bitcoin and other crypto. I also see many companies have addopted blockchain technology. I think Bitcoin will be accepted at almost of all countries at the coming future

[Blaze]

I don't think the government will provide support only for bitcoin but I believe they will say to start using a digital currency that can be used to make more efficient transactions.

[damsix]

Bitcoin can be difficult to support, an example is in my country for the Binance website to be banned.
So this proves my speculation that Bitcoin is not supported by the government.

But governments create their own systems like Bitcoin works by creating their own stable digital assets. Unfortunately !

[Mbah Jenggot]

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 is true, Not only bitcoin or Crypto currency. In my opinion laundering, purchasing in illegal market and illegal activities can happen every where. Every technology have risk, government cannot control bitcoin. But no one can refuse the technology.

[Fadhilz123]

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.

Even money can be used in laundering, an illegal act, etc but do people say that's the negative side of money?? NO, so it is irrelevant to say the money laundering, illegal acts, etc is bitcoin's negative side. Everything has a negative side

In my country bitcoin is not a threat to the government at all, so I'm not worried about that.

[cryptopediabd]

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.

Really those are creating nation it is troublesome to permit bitcoin. In spite of the fact that we know the focal about of bitcoin but too have impediments as nation financial issue. On the off chance that they think they can not control bitcoin at that point certainly it won't permit by the government.