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Author Topic: Will bitcoin support by government?  (Read 16370 times)

Offline IvugeoEvolutionCoin

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Re: Will bitcoin support by government?
« Reply #60 on: November 23, 2020, 07:15:48 AM »
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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Re: Will bitcoin support by government?
« Reply #60 on: November 23, 2020, 07:15:48 AM »

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Re: Will bitcoin support by government?
« Reply #61 on: November 23, 2020, 09:07:50 AM »
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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Re: Will bitcoin support by government?
« Reply #62 on: November 23, 2020, 12:37:07 PM »
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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Re: Will bitcoin support by government?
« Reply #63 on: November 23, 2020, 03:50:08 PM »
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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Re: Will bitcoin support by government?
« Reply #64 on: November 23, 2020, 04:21:33 PM »
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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Re: Will bitcoin support by government?
« Reply #65 on: November 24, 2020, 07:48:45 AM »
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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Re: Will bitcoin support by government?
« Reply #66 on: November 24, 2020, 09:33:13 AM »
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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Re: Will bitcoin support by government?
« Reply #66 on: November 24, 2020, 09:33:13 AM »


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Re: Will bitcoin support by government?
« Reply #67 on: November 24, 2020, 01:28:29 PM »
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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Re: Will bitcoin support by government?
« Reply #68 on: November 24, 2020, 04:15:01 PM »
Many people it will happen, government support bitcoin. But I think it is not possible, every governments have own currency.

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Re: Will bitcoin support by government?
« Reply #69 on: November 24, 2020, 04:51:06 PM »
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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Re: Will bitcoin support by government?
« Reply #70 on: December 07, 2020, 07:38:01 AM »
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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Re: Will bitcoin support by government?
« Reply #71 on: December 07, 2020, 08:57:45 AM »
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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Re: Will bitcoin support by government?
« Reply #72 on: December 07, 2020, 09:06:15 AM »
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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Re: Will bitcoin support by government?
« Reply #73 on: December 07, 2020, 10:17:20 AM »
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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Re: Will bitcoin support by government?
« Reply #74 on: December 07, 2020, 12:44:28 PM »
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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