Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Darryl Gambet on November 05, 2020, 10:07:45 PM
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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.
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Actually today, there have been several countries that support Bitcoin. Moreover they also allow BTC to be one of the payment methods and transactions in their country. Additionally, some also put it on their belief that BTC and also other cryptos are something real and easy to learn. Now, we are expecting to more price upcoming as the salary and others
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Ya may me you are right but i hard to legal in country but BTC
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Decentralized cryptocurrency, including bitcoin, will never be supported by states. They can legalize her walking on their territory by establishing general rules for walking, but they will not actively support her. States do not need a decentralized cryptocurrency. Especially after they already have the ability to issue their national digitized currency by central banks.
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Decentralized cryptocurrency, including bitcoin, will never be supported by states. They can legalize her walking on their territory by establishing general rules for walking, but they will not actively support her. States do not need a decentralized cryptocurrency. Especially after they already have the ability to issue their national digitized currency by central banks.
I agree that the state will not actively create conditions for the circulation of cryptocurrency, including bitcoin. Now they will deal with their digitized currencies and establish comfortable conditions for them for walking, which means they will establish stricter rules for walking for a decentralized cryptocurrency. At the same time, the states do not yet see a threat to the stability of the global financial system from the side of cryptocurrency and therefore have decided to study it and regulate its circulation.
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Actually it would be great if this bitcoin received approval from the government. Because of course it will make bitcoin holders feel safe. And more confident that this investment in bitcoin is the best. This is why approval from the government I think is important for bitcoin.
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I think it will be hard to predict that the centralized government with supporting the decentralization proponent like Bitcoin because it is decentralized that's why it will be not the same direction, I think they only regulate it but not support it.
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Bitcoin does not belong to the government, it belongs to everyone, so Bitcoin does not need the support of governments either. Currently only a few countries accept BTC as a commodity or new payment method, but in the future it is possible that BTC will reach $1M and become the national reserve asset. Then governments will help promote BTC to protect the value of assets within their budgets.
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Now that the world of crypto is increasingly developing, the government is also starting to see bitcoin as a good investment. So that maybe someday the government will support bitcoin. Because technology is getting more advanced and developing. So that it is no longer impossible to invest in the online world.
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Bitcoin does not belong to the government, it belongs to everyone, so Bitcoin does not need the support of governments either. Currently only a few countries accept BTC as a commodity or new payment method, but in the future it is possible that BTC will reach $1M and become the national reserve asset. Then governments will help promote BTC to protect the value of assets within their budgets.
You are too optimistic about Bitcoin. In general, states are not interested in the spread and development of decentralized cryptocurrency. They will legalize it, but they will not take significant measures to maintain it. Bitcoin and other cryptocurrencies will not be able to fully develop without legalization by states, since the infrastructure for its mass use as a means of payment will not develop. Therefore, the cryptocurrency itself is primarily interested in the legalization of cryptocurrency.
Bitcoin will never be the national reserve currency. Bitcoin will mostly remain the currency of citizens and some commercial structures, but not states.
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There are some countries that really support Bitcoin, but it won't be easy for all countries to support Bitcoin. There are many reasons, one of them is about regulation on the country. Some countries cannot accept Bitcoin because they only use their national currency for payment tool. But for the digital asset, most countries in the world has supported Bitcoin.
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Ys it will. we can find out many rich people enter the forum. Many more also have requirements and e the choice.
In this case, I believe that BTC will be accepted be the government a hat said by our government. BUt they are still moment
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Bitcoin already supported by many countries in the world, even I heard one country in Afrika used Bitcoin to secure their economic crisis. It is very significant use of Bitcoin, and it is very helpful not only for some people but also for all people in a country. Yep, Bitcoin should be supported by the government.
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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.
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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 will say its not threat for government. Actually when it will be globally accepted, there will be world wide regulation body and then government may control market but as present time there is not legal authority from government side so everybody thinking for its threatening. Hope in future there will be strong body about it for control and everywhere BTC will be accepted.
thanks.
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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.
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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.
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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.
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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.
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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
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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.
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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.
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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!
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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.
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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
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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.
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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.
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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.
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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.
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Yes lot country support Bitcoin but some country dint support bitcoin like Pakistan.
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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.
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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.
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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 .
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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.
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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.
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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.
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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.
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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.
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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.
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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
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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.
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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 !
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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.
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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.
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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.
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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
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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.
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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.
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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.
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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.
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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?.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
I think and what is a big threat is that the existence of bitcoin as a digital currency makes everything transparent so that no one can do corruption and money laundering, so it is certain that there will be criticism from several governments in various countries.
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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.
I think and what is a big threat is that the existence of bitcoin as a digital currency makes everything transparent so that no one can do corruption and money laundering, so it is certain that there will be criticism from several governments in various countries.
I believe that this question cannot be answered unambiguously. It seems to me that the stumbling block is the state, where the management system has a huge corruption component. Many officials today also buy cryptocurrency in order to hide their illegal income, to hide it not only from state law enforcement agencies, but also from the International community. On the other hand, the same officials will not want to support the legalization of cryptocurrency, so that the state does not receive any opportunity to obtain information about their income.
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Bitcoin does not stop at the government of any country. And Bitcoin cannot be controlled by the government of any country. Because in the absence of authority they cannot control Bitcoin. Bitcoin is a currency known all over the world. In the absence of authority, no country's government controls bitcoin. The governments of each country first report the use of bitcoin as money laundering. In many countries, governments do not support gambling, gambling is a bitcoin marriage. So most governments do not support bitcoin.
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Bitcoin does not stop at the government of any country. And Bitcoin cannot be controlled by the government of any country. Because in the absence of authority they cannot control Bitcoin. Bitcoin is a currency known all over the world. In the absence of authority, no country's government controls bitcoin. The governments of each country first report the use of bitcoin as money laundering. In many countries, governments do not support gambling, gambling is a bitcoin marriage. So most governments do not support bitcoin.
it is true what my friend said above, that bitcoin could not be controlled, that is clear because bitcoin has its own authority and no country is able to control it directly.
but the government has the authority not to accept as a legitimate tool to be used by the stipulated rules.
many countries have accepted bitcoin and the consequences that may occur but also many have not been able to because they have not made regulations for bitcoin. what is feared is the misuse of bitcoin to be used as illegal money laundering. but if the government regulates it well it can reduce the misuse.
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I think the government of all countries should legalize this bitcoin. Bitcoin is legal in some countries. In some countries this bitcoin is not legal. However, in all the countries where bitcoin is legal, but in all countries, bitcoin is being used. And in some countries, bitcoin is not legal in those countries, but in secret, using and laundering money. But it is better not to do money laundering.
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It makes no sense for states and their governments to support Bitcoin and other decentralized cryptocurrencies. All agree on the obvious fact that states have their own centralized currency, which they tightly control. Why would they support virtual financial assets that are not owned by anyone, the price of which they cannot influence in any way and which could harm their economy? Until the cryptocurrency poses a threat to the global financial stability of states, they will legalize cryptocurrency, but they will not actively support it. After all, these are different systems and approaches - centralization and decentralization. Moreover, states now have a good alternative to decentralized cryptocurrency - their digitalized currencies of central banks.
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unfortunately bitcoin still doesn't care about the government because actually bitcoin cannot be controlled by anyone and of course bitcoin can have price movements depending on demand not from the government, the more demand, the price will increase.
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Until now Bitcoin has not even received approval from the government. Although maybe in some countries Bitcoin is already legal and allowed. But there are still many who prohibit it. But we can still own and invest in Bitcoin individually, no need for government approval.
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Many people it will happen, government support bitcoin. But I think it is not possible, every governments have own currency.
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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 you are right. If government can not control it then definitely they will not approve it. There are many negative aspects on bitcoin. Money laundering will be the main issue on the other hand criminal will get advantage form it. So i am sure government will not support bitcoin.
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States are forced to legalize the circulation of cryptocurrency, but they themselves will never support it. They not only do not need it, decentralized cryptocurrency is alien to states by its nature. Most likely, over time, they will try with regulatory measures to reduce the impact of decentralized cryptocurrency and the interest of citizens in it. Including for this purpose the digitized currencies of the central banks of states will be used.
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In my opinion, bitcoin is not a threat to the government, in my opinion, if bitcoin is used for positive things, it will help the government and the people, for example for payments, when using bitcoin it will be easy for everyone to do without having to come to the place of payment.
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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 the government should accept bitcoin and adoppt bitcoin technology. Because we all know bitcoin is very potential and going strong day by day now. Bitcoin is the future technology, no one can refuse the technology bro.
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Bitcoin is a threat to the government. The government will never be able to control Bitcoin. We generally know that Bitcoin is not under the control of any government. If you want to control Bitcoin, you have to be very strong. The way Bitcoin is growing in popularity will change the world a lot in the future. A lot of unethical things are done through bitcoin. Due to which it has been declared illegal in many countries.
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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 hope It will happen. Because we all know bitcoin is very potential and good block chain technology. Government can use block chain for their company.
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unfortunately bitcoin still doesn't care about the government because actually bitcoin cannot be controlled by anyone and of course bitcoin can have price movements depending on demand not from the government, the more demand, the price will increase.
Once the government control Bitcoin that will be the end of decentralized investment. Bitcoin stand alone without the government regulations. Government doesn't want bitcoin because they know it is a serious threat to banking system.
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Bitcoin has been legalized in some countries. We see that officially Bitcoin is legalized there. And in some countries but bitcoin is not legal. However, if bitcoin is legalized in all those countries, then the country will go further. I think Bitcoin should be officially legalized in all countries.
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Wall Street companies are already investing (https://theforexreview.com/2020/11/30/wall-street-giant-guggenheim-partners-to-invest-500-million-in-grayscale-bitcoin-fund/) hundreds of millions in BTC. The government won't be far behind in embracing it, I imagine.
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Yes, the truth is that the price of Bitcoin is rising due to the change of government. Because the government supports Bitcoin and investors have invested, the price of Bitcoin has risen overnight. The price of Bitcoin has reached the highest level. The price of Bitcoin has not increased so much in the life of Bitcoin. The price of Bitcoin is likely to increase further in the future.
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Government of any country does not directly support Bitcoin. But I think the administration of every country does the transaction. However, the country government does not want to legalize bitcoins. However, in the future, Bitcoin will be considered as a universal currency in most countries.
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For now, many countries are against Bitcoin and prohibit Bitcoin from being used in that country. But I believe that over time many countries will accept Bitcoin, because this is a modern technology today. If the country does not follow and accept Bitcoin, it will fall behind in the development of this modern payment technology.
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Governments of different countries can support Bitcoin. Blockchain technology never relies on the government of any country for support. Bitcoin transactions do not require the approval of any government. Bitcoin users and investors never request the government to approve Bitcoin. So Bitcoin is the best.
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Yes, it is probably. We have proved some countries support and also legalize bitcoin and other cryptocurrencies. But once more, it may depend on each country. And there may be another term that considers whether the government will legalize or not legalize crypto with certain terms and conditions under the law.
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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.
Maybe, by seeing the popularity and the progress of Bitcoin, I think bitcoin will be supported by the government.lets see.
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Bitcoin is one of the blessings for us. It is possible to make a profit by investing on Bitcoin. So a lot of investors are attracted to Bitcoin. So if the government of any country does not support Bitcoin, then Bitcoin will not deteriorate. I think Bitcoin will improve a lot.
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I think the state should figure out how to introduce cryptocurrency to itself not to harm itself and control it! Use the advantages and simplicity of cryptocurrency and blockchain for good purposes! I think the state will support cryptocurrency when it really is very popular among people, today for me it is just an investment and hopes for it!
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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.
Every investors want Bitcoin will be supported by the government, because It will be good for bitcoin market. But I see there are several countries have blocked bitcoin. So, wait and see at the next year, Hopefully bitcoin will be accepted.
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It is not possible at that time to give support btc by govt . In my opinion the govt afraid to support btc because Bitcoin claims that “It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.”1 That lack of central authority is the primary reason governments are afraid of the cryptocurrency. To understand this fear, it is important to know a little bit about governments and conventional currencies.
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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 at the coming future government will support and accept bitcoin. I see several government have addopted bitcoin technology. Block chain has addopted to their company. I hope we will see bitcoin will be supported by government soon.
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I agree with you because bitcoin is a threat in Bangladesh. Because the economic system of Bangladesh is not as developed as other developed countries. If Bangladesh declares bitcoin legal then there will be a big pressure on the economy of Bangladesh. And some corruption circles will do different corrupt things.
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I don't see Bitcoin as a threat to the government and instead the government is trying to regulate Bitcoin by taxing Bitcoin users but they can't do it, what I'm worried about is the government is trying to take over the crypto exchange to make it easier for them to see who owns Bitcoin and taxes on it. ownership of Bitcoin to the holder
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Bitcoin is much more threatening because they will never be able to control it. In many countries, Pitt is illegal. They think that if Bitcoin is legalized, it will be the most immoral and misused. Many laundering, murderous gambling, etc. are done illegally through Bitcoin. Again Bitcoin has many advantages. Billions of rupees can be transferred through seconds.
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A countries government can't control bitcoin because it a air based cryptocurrencies. Only developed countries governments and banking system can control cryptocurrencies but our developing countries cannot control bitcoin and others cryptocurrencies at all.
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It is true that bitcoin is dangerous if it is legal because corruptors will freely wash their money into bitcoin, the public will accept that for sure, but for the government it is better not to admit it because it will be really dangerous. torment the people
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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.
The developed countries of the world have supported Bitcoin. I think the whole world will one day support Bitcoin. Bitcoin is not controlled by any government, so no government wants to legalize Bitcoin easily. The popularity of cryptocurrency is increasing day by day. If the popularity continues to grow like this, then I think the governments of all countries will one day legalize Bitcoin.
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At present, users in most countries are being deprived of the benefits of using Bitcoin. Bitcoin transactions are not possible through banks. But in the future, the government of the country may think better about bitcoin. The transaction can be through a bank or an agency.
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Yes, I also think that one day the government will support Bitcoin. As Bitcoin is a virtual currency, it has many advantages as well as many disadvantages. Since Bitcoin is a virtual currency, all illegal activities in the virtual world are done for it. With this bitcoin, the governments of many countries think that recognizing or supporting bitcoin will increase the crime rate in that country. That is why the government does not support Bitcoin. But I think one day everyone in the world will support Bitcoin, all government will support Bitcoin.
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Bitcoin is officially supported in some countries and in some countries this bitcoin is not officially supported. In all the countries where this bitcoin is officially supported, all transactions can be done with this bitcoin. For example, in our country Bitcoin is not officially supported. That's why we can't use this bitcoin openly. We hope that this bitcoin will be officially supported in our country.
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I aree with you. You have created a topic on the validity of Bangladesh Bitcoin here. We all know that Bitcoin is illegal in Bangladesh. One of the reasons is that the economic syastem of Bangladesh is not as developed as that of developed countries. So declaring Bitcoin legal in Bangladesh will put a lot of pressure on the economy of Bangladesh. And various cycles of corruption will create corrupt work
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Let the market decide. I believe in it. If controlled, it will no longer be the market economy
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A countries government can't control bitcoin because it a air based cryptocurrencies. Only developed countries governments and banking system can control cryptocurrencies but our developing countries cannot control bitcoin and others cryptocurrencies at all.
No one can control bitcoin and other Crypto currency. I think which control bitcoin is maeket. Demand and supply are the basic factor which affect the price of crypto currency. So I don't believe government will support Bitcoin bad other.
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Yes brother you are right you can't handle bitcoin basically the government doesn't give legitimacy to the outgoing bitcoin. Again since it is Bangladesh, money laundering is most prevalent in Bangladesh, which is why Bitcoin has not been legalized. Due to this, it will lag behind economically. For this reason, the government does not deliberately legalize bitcoin.
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Yeah Al that sounds pretty crap to me, Looks like Bitcoin aint for me either. But the reason is that the government of that country will never be able to handle it. If there is a problem to run it, then the country will lag far behind economically. Bitcoin is now being legalized in some countries.
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I think it will, but only if the state has a large part of this Bitcoin. Most likely, there will be some kind of state cryptocurrency for each state. This will prevent a large number of cryptocurrency millionaires if Bitcoin is recognized as the main currency.
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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.
What is clear is that all of this requires a process, in fact Bitcoin is currently getting a lot of resistance from the government. But will this end, I believe it will. Bitcoin will be accepted by the government, and will get approval that Bitcoin will be accepted as a legal currency.
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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 , I have read this rumours at last along years, bitcoin has been misused by illegal activities, laundering etc. But Not only bitcoin, It will happen at every where. I think bitcoin should be supported by the government, for their technology.
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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 bitcoin will be supported by government, because I see at several countries bitcoin has been blocked. The government worry about bitcoin, they said bitcoin will be misused by illegal activities,hacker and laundering.
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Bitcoin is a threat to the government. Because they cannot control it due to lack of authority. Governments in many countries have declared Bitcoin illegal.
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You are right.but cryptocurrency are not allowed for every countrys.manny countrys are say bitcoin are fully iligal.
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Government will never support bitcoin directly. They dont like it as they can control it. They may legalize it using some rules but never support it
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I think it will happen sooner or later.It is hard to see what would stop central banks from creating their own digital currencies and using regulation to tilt the playing field until they win. The long history of currency tells us that what the private sector innovates, the state eventually regulates and appropriates. I have no idea where bitcoin’s price will go over the next couple years, but there is no reason to expect virtual currency to avoid a similar fate. But it is folly to think that bitcoin will ever be allowed to supplant central-bank-issued money. It is one thing for governments to allow small anonymous transactions with virtual currencies; indeed, this would be desirable. But it is an entirely different matter for governments to allow large-scale anonymous payments, which would make it extremely difficult to collect taxes or counter criminal activity.
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Most countries do not currently support Bitcoin. However, in the future Bitcoin will support bullets. Most countries do not support the government, the main reason is that the price of Bitcoin fluctuates a lot. Brother, all the intellectuals in the country give different kinds of advice.
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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.
Cryptocurrencies are decentralized including bitcoin. It will be difficult for national governments to support or accept it. but in the future I think they will also issue their own cryptocurrency but under the control of the central banks
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Actually it would be great if this bitcoin received approval from the government. Because of course it will make bitcoin holders feel safe. And more confident that this investment in bitcoin is the best. This is why approval from the government I think is important for bitcoin.
if the government accepts bitcoin. I think they'll have to control bitcoin. If bitcoin is controlled by the government then I think bitcoin will no longer be decentralized, anonymized, and the crypto market will not be as vibrant as it is now because of their strict regulations.
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Actually it would be great if this bitcoin received approval from the government. Because of course it will make bitcoin holders feel safe. And more confident that this investment in bitcoin is the best. This is why approval from the government I think is important for bitcoin.
if the government accepts bitcoin. I think they'll have to control bitcoin. If bitcoin is controlled by the government then I think bitcoin will no longer be decentralized, anonymized, and the crypto market will not be as vibrant as it is now because of their strict regulations.
Bitcoin must remain independent and not controlled by anyone, otherwise it will no longer be bitcoin, but a centralized cryptocurrency. It is the decentralization of bitcoin that is crucial in its popularity among investors.
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Most countries do not currently support Bitcoin. However, in the future Bitcoin will support bullets. Most countries do not support the government, the main reason is that the price of Bitcoin fluctuates a lot. Brother, all the intellectuals in the country give different kinds of advice.
BTC is always volatile and always close to the transaction market. The value of profits it gives investors is often the dream of many people, but in some countries they completely do not accept the btc I believe the future of BTC will be accepted and developed further.
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As far as I know, bitcoin will never be able to get support from the government and nothing can influence bitcoin price movements, bitcoin will only have its own price movements.
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Bitcoin is a digital or global money transaction system. It's very popular nowadays. All over the world people are using this transaction system. Bitcoin allows people to send money through internet. Many people are comfortable with this transaction system as users can control this.
But it's shocking that most governments are against bitcoin. Governments prefer electronic money. Governments want to control every single transaction. But it's not possible to control bitcoin. But electronic money can be tracked easily and can be controlled by governments. On the other hand,bitcoin is controlled by its user. No central authority can control it. Cryptocurrencies like bitcoin is beyond the control of governments. But governments want to know who,where,how much money spend. But in bitcoin transaction system this types of information is not possible to know.
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I don't think the good invention like bitcoin can be considered as threat to government just because some guys are using it for their illegal activities. I think the right word to use is that bitcoinis Now one of the problem of the government because it is now useful to illegal activities.
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Support for bitcoin from the state will be when this state has a lot of bitcoin. The owners of this cryptocurrency will be very profitable. So far, I see no reason for the state to support Bitcoin))
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Bitcoin is not a threat to government but a threat to economic zone of fiat. If the investors will turn their back against banks investments and put their money in Bitcoin. The government does not like that system because no tax to receive from bitcoin investment where as in banks tax is always a mandate.
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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 very close to the time when countries around the world have to accept Bitcoin because it is bringing huge profits for investors and growing very fast in the future.
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With the way things are going i think it is getting inevitable that soon government of each country will be thinking towards btc adoption, besides if they do it will be the benefit of all the citizens, the popularity of btc is growing and it is getting too hard to ignore.
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The government has no control over Bitcoin. The government will not be able to collect any tax from this bitcoin. That is why the governments of some countries do not want to legalize Bitcoin so easily. But many developed countries around the world have already legalized Bitcoin. Hopefully the whole world will one day legalize this bitcoin.
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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 bitcoin does not needed support by government, because bitcoin is decentralised. Government cannot control bitcoin . Government can create new crypto which adopt Blockchain technology. It is my opinion.
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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 will take a while before it is possible to know exactly which countries in the world can accept bitcoin. But in recent times, many countries accept that it brings their economy as well as their national prosperity.
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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 very difficult for countries to not regulate bitcoins so they will not accept bitcoin in their country.
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Brother, Bitcoin is now legalized in many developed countries of the world. And there are some states that don't want to legalize Bitcoin. I think one day this bitcoin will become legal all over the world. Gradually all countries will start legalizing Bitcoin. That day is not far away. No one has any control over Bitcoin, it is self-regulated. The government also has no control over Bitcoin so the governments of many countries do not want to legalize it. But I'm optimistic that Bitcoin is going to be legalized all over the world very soon.
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Maybe Bitcoin can become like gold, and the price of Bitcoin at that time could not be imagined.
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We are all familiar with Bitcoin in cryptocurrency. We all know very well that this bitcoin is not legal in many countries of the world. Bitcoin stands for various financial transactions. Goodbye. We always think these are illegal. Not only us but the government and this bitcoin have been declared illegal.
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Already, a small number of countries around the world have legalized Bitcoin, and a number of international financial institutions, businesses, and educational institutions have adopted Bitcoin. Hopefully in the future most countries will accept bitcoin. The problem is that the governments of many countries want to control bitcoin, which will not be possible in practice. Their fear is that if Bitcoin is recognized, it will be used on the black market, and they will not get any kind of tax. There are good and bad sides to everything, I think if the state legalizes Bitcoin, it will be more good than bad.
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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.
A threat? Is that how you see Bitcoin?, if true then you shouldn't be using it :D, mind you money laundering has been there way before bitcoin was created, just that with bitcoin anonmity the offenders won't get caught cause they can not be traced down to their hiding place you can only track their transactions using blockchain explorer and nothing more, let's face it everything has its advantage and disadvantage so let's just say thats the only disadvantage of using bitcoin.
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All the users involved in cryptocurrency know but will never be able to control Bitcoin. The reason is that whenever people start investing on Bitcoin, no one will keep money in the bank. Then it will be seen that the financial situation will get much worse. And all the countries that usually invest in Bitcoin are very developing.
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Many developed countries have already legalized Bitcoin and there are some states that still do not want to legalize Bitcoin. The government has no control over Bitcoin. Bitcoin is self-regulated. I think the government of any country has no hand on Bitcoin so the government does not want to legalize it. But it is hoped that Bitcoin will soon gain worldwide legitimacy.
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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 the government has no control over Bitcoin. Bitcoin is self-regulated. No one has any control over Bitcoin. So the government does not want to legalize it easily. Even then, some countries have already legalized Bitcoin. I hope the whole world will one day legalize Bitcoin.
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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 the government has no control over Bitcoin. Bitcoin is self-regulated. No one has any control over Bitcoin. So the government does not want to legalize it easily. Even then, some countries have already legalized Bitcoin. I hope the whole world will one day legalize Bitcoin.
If we compare Bitcoin and the dollar, then the government really has huge leverage over the dollar rate and at the same time has the ability to constantly manipulate this currency. Bitcoin is beyond their control. But if you take into account the laws that are adopted by the government to influence the market and restrict the users of cryptocurrencies, then in this matter, not everything is so simple.
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I am sure that one day many governments will support Bitcoin, otherwise Bitcoin will continue to be like this will not develop. Not all governments today reject Bitcoin, and I actually think that countries that do not accept Bitcoin as a legal means of payment will miss this modern payment technology. Regarding the threat posed by Bitcoin to the government, I think it is not and there will always be ways to deal with this.
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Bitcoin has been legalized by some governments and by some governments. The government has no control over Bitcoin so the government does not want to legalize it so easily. I believe the whole world will one day legalize Bitcoin.
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I also really hope that bitcoin will be supported mainly because the price of bitcoin is very good, it will help its buyers to increase profits and develop their country by using profits to invest and consume to increase the economy. for country
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But if Bitcoin is supported for trading by the government then I make sure everything can be dangerous for the assets of everyone in the country.
The logic is that when a rich person in that country buys Bitcoin at a high price then when there is a Bearish he can lose his assets and can blame the government, right?
I don't feel the need for the government to legalize Bitcoin but the government just simply opens the way to exchange for Bitcoin in that country.
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Brother Bitcoin is self-regulating it is self-regulating. No government has any control over Bitcoin. So the government does not want to legalize Bitcoin. But again, many countries have legalized Bitcoin. Hopefully the whole world will one day legalize Bitcoin.
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The government does not want to support Bitcoin. Because the government has no control over Bitcoin. Bitcoin is self-regulating it is self-regulating. I believe that in the future the whole world will approve Bitcoin.
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The governments of many countries, including ours, do not want to support Bitcoin. Because the government has no control over bitcoin. Bitcoin is self-regulating it is self-regulating. But currently only a few countries accept Bitcoin as a product or new payment method. And I believe in the future the whole world will approve of bitcoin.
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This bitcoin does not support the government '. Because this bitcoin transaction is possible illegally. Many crimes can be committed through this. The financial transactions that it has at the time of the crime are not disclosed. Goodbye, all the people who are doing illegal things can easily get through.
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if the government wants to do support for bitcoin then that is not a problem and of course it will have a good influence on the price movement of bitcoin, but if the government intervenes to control bitcoin then that will not be possible.
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As the present condition of the world i think most of the government will approve bitcoin because we know that there are several Institutions or organizations already invest in this platform and many economic organization already involved in this platform due to expend their business as well as to survive. If the government will not support then those organization will not involved in this platform as well. So i think they have to give the permission for their existence.
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There is no way Bitcoin will be supported by the government.
The reason is Bitcoin is stubborn and does not want to be regulated by the government.
No matter how strong if someone is stunned and difficult to control, it will forever be ruffian.
Bitcoin was created decentralized and until whenever Bitcoin will not be supported by the government because the government cannot regulate Bitcoin.
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As the present condition of the world i think most of the government will approve bitcoin because we know that there are several Institutions or organizations already invest in this platform and many economic organization already involved in this platform due to expend their business as well as to survive. If the government will not support then those organization will not involved in this platform as well. So i think they have to give the permission for their existence.
The approval and legalization of bitcoin and other cryptocurrencies is one thing. And support for the development of cryptocurrency is completely different. Many states have already legalized cryptocurrency, that is, established its legal status, conditions and procedure for its circulation in society. However, no state has ever supported and will not support a decentralized cryptocurrency, that is, it will not create preferential conditions and infrastructure for its circulation.
States are only using blockchain technology to create their national central bank stablecoins. The states, most likely, by means of legal regulation will try to oust cryptocurrency from circulation. Let's see how they succeed.
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I think the whole world will one day support Bitcoin, whether the government of any country supports Bitcoin or not. Bitcoin's popularity is growing day by day. The demand for Bitcoin is also increasing day by day. People are interested in digital transactions. And of course cryptocurrency is needed to complete this digital transaction.
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The government does not want to support Bitcoin because the government has no control over Bitcoin. Even then, many developed countries began to support Bitcoin. It is hoped that the world will one day support Bitcoin. Bitcoin is the first and foremost cryptocurrency
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It is true that the government cannot fully regulate it.However, the current era is the era of civilization and I think it is not a very difficult task to control.Because I think it is possible to control only by checking everyone's bank account.
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Bitcoin is a bit more advanced now because of the government support. Bitcoin will move towards further improvement if we all invest here. There is no alternative to Bitcoin in cryptocurrencies. Bitcoin is more likely to go further because the number of investors has increased overnight.
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The government does not want to support Bitcoin. I believe that whether the government supports Bitcoin or not, the whole world will one day support Bitcoin. No one is in control of Bitcoin. Bitcoin is self-regulated. And the government has no control over Bitcoin. I think that's why the government doesn't want to legalize Bitcoin.
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I Know now many countries has full ligal to bitcoin. High economic countries are Easley use to bitcoin. We know China,USA, India, Japan, Australia and others countries are uses bitcoin. Now Australia countries has almost 400 store are fully buy sell to bitcoin. I hope few moments letter every country government are amusement to support bitcoin .
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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 hope bitcoin will be supported by government. I think It is good thing for bitcoin and others. If it happened, I believed bitcoin and others will be more popular. Because For now, at several countries bitcoin has been blocked.
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Bitcoin is self-regulating. Bitcoin is self-regulated. Bitcoin is not controlled by the government. I think that's why the government doesn't want to legalize Bitcoin. I think Bitcoin will one day become legal worldwide. Because Bitcoin's popularity is growing day by day.
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I don't understand why people keep thinking the same thing. No government will openly or officially support Bitcoin because they have no control over it. Governments (some) may be more permissive in terms of laws and taxes, but they will not support or contemplate it because that goes against what is established by themselves.
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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 threat to the government. We know that a thing has two sides. A good side is a bad side. Similarly, Bitcoin has two aspects. I think bitcoin is a currency worthy of government recognition, considering the pros and cons of bitcoin. Bitcoin does not want to be recognized, as Bitcoin cannot be controlled by a third party. And it is free from the clutches of the government. That is why the government does not want to recognize Bitcoin. I think the government will support bitcoin very soon.
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I think whether a government accepts Bitcoin or not, Bitcoin will continue to move at its own pace. No one has control over Bitcoin. The government can't control bitcoin, so the government doesn't want to support bitcoin. I think the whole world will one day support Bitcoin.
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The government no longer regulates crypto, no matter how hard they try, so crypt is like drugs or illegal goods. There are many people in whose interests the crypt is not closed. So it will not be banned in any way, and if it is banned, it will still exist on the darknet
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Hopefully the whole world will support Bitcoin one day. Many see Bitcoin as the future of the world. Bitcoin is called the king of the cryptocurrency world. Bitcoin is the most popular coin in the world. No one has control over Bitcoin and neither can the government control Bitcoin. So the government does not want to support Bitcoin.
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Yes that's true bitcoin is threat to government so that's why In most of the country bitcoin has banned.there are only few countries where bitcoin is legal like japan Malta etc.but these are just few countries what about rest countries.
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Yes that's true bitcoin is threat to government so that's why In most of the country bitcoin has banned.there are only few countries where bitcoin is legal like japan Malta etc.but these are just few countries what about rest countries.
I think that's just worried about bitcoin , several countries have worried about bitcoin, they against bitcoin. But I think at the coming future they will accept bitcoin mate. Bitcoin is the future currency. I hope It will be accepted at all the world.
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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.
Some governments supports Bitcoin and cryptocurrency in general they just implement local cryptocurrency exchanges to prevent money laundering. Here in my country Bitcoin is having a good treat as government embraces it despite the risks they keeps on warning.
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Even if this will happen it will take time, although we can see now that some countries who were anti crypto are becoming more crypto friendly e.g USA, so with time I think most government in different countries will warm up to the idea.
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I think if Bitcoin is legalized by the government then it is good for the government and a benefit for us. I would say it is not a threat to the government.
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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.
Thank you for posting. Thank you very much because I learned a lot from your post and I agree with you. Bitcoin is a threat to us if the cryptocurrency is not legalized by the government. I think it should be introduced in our country in the same way as it has been introduced in other states
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Bitcoin is a threat to us if the cryptocurrency is not legalized by the government.
Well i believe otherwise @Akhi600. The threat is the government, controlling our life, our money, which car or house we buy and every step we take. Cryptocurrencies give us the freedom not to be constantly watched and controlled by those governments. And they do all that simply by knowing what our bank accounts are, in which banks, in which countries, and also knowing the amount of money we have.
With cryptocurrencies they cannot do any of those things, we would stop being slaves of their system and that is what they do not want.
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The governments of all the developed and financially advanced countries are supporting Bitcoin. Otherwise, they would not be able to transact through Bitcoin through ATM booths. radually, the time will come when the government of each country will study bitcoin and see that the country's financial situation has improved with the legalization of bitcoin.
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Bitcoin has never been and never will be a threat against government power. Government has full power to stop it if only they want yet they let bitcoin to operate and become part of the economy of every country that accept bitcoin. What clear to me bitcoin is a threat to the banks because of the high passive income bmthst bitcoin can offer than the bank.
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Bitcoin's popularity is growing day by day. Bitcoin is running like an unbridled crazy horse. I don't think the government can stop Bitcoin. I think whether the government legalizes Bitcoin or not, the whole world will one day legalize Bitcoin.
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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 see at several countries have happened. Bitcoin has been supported by the government. No worries about it.
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A few days ago, India approved Bitcoin. There are agencies in India for bitcoin transactions. In this way every country will approve. The number of users will increase in countries that do not want to approve. Will then be obliged to approve. This is how Bitcoin will gain popularity.
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The governments of all the developed and financially advanced countries are supporting Bitcoin. Otherwise, they would not be able to transact through Bitcoin through ATM booths.
"They" who do you mean? ATM machines using bitcoin or not, is not a reason for the government to support bitcoin, because before bitcoin, payments using FIAT were still running smoothly. The government had its considerations when it decided to support bitcoin as a payment alternative, I believe one of the reasons was taxes.
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The biggest advantage of Bitcoin is that no one has control over Bitcoin. And no country's government can control Bitcoin. Because Bitcoin is self-regulating it is self-regulating. I think the government can't control bitcoin so the government doesn't want to support bitcoin. Hopefully one day the whole world will support Bitcoin.
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That is also its biggest flaw. No regulation also means free reign for the scammers.
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That is also its biggest flaw. No regulation also means free reign for the scammers.
That's the opposite side, Bitcoin cannot be perfect at everything. And where there is money there are people who try to cheat and lie to take what is not theirs. Of course I'm against scams, but we can't have it all. If governments regulate Bitcoin to avoid scams, the essence of Bitcoin would disappear, as it would also cease to be the freedom it represents.
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Most of the countries in the world have supported this bitcoin government but our Bangladesh has not been declared any legitimacy yet. But I don't think there is much time to declare this valid. If the government supports this bitcoin then surely this country will be much brighter.
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Bitcoin is self-regulating. No one is in control of Bitcoin. And the control of Bitcoin is not in the hands of any government. I think that is why the government of any country does not want to legalize bitcoin easily. However, I hope that the whole world will one day legalize Bitcoin.
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Bitcoin must be able to keep up with the times. Most of the countries in the world have adopted bitcoin, a small number of countries have not been able to accept bitcoin. The validity of Bitcoin is determined based on the government of a country and the banking sector.
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supported in what case?
If it is about a digital asset or commodity, in my country, crypto is legal and we can take it for investment or trading whatever we want. However, some governments may still not support Bitcoin as a payment method because there is legal money in each country.
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I believe the government will recognize Bitcoin very soon. Bitcoin is improving day by day. In countries where Bitcoin has not yet been approved, I think those countries will soon be Bitcoin Will approve. Bitcoin may one day gain a reputation as an international currency. The contribution of public science to the development of the country will be incomparable.
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bitcoin is not regulated by any government but also it has a strong blockchain technology so if government of any country wants to regulate for their country its possible i think.
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This topic has mega discussion. Many have commented multi times on the same issues. I hope all have answered the prospects. So, this topic has been locked.