Governments cannot control Bitcoin

[Paglamon]

Bitcoin has no control. Bitcoin is not controlled by any country's government. Because Bitcoin itself is a king. Bitcoin position in the cryptocurrency market is at the top. Because of its popularity and many more users. There are billions of investors in the world. So I think the place of Bitcoin is above all. And Bitcoin is not controlled by any government or organization, it is controlled by its users.

[Black ID]

I think it will be difficult for the government to fully regulate crypto. This is because crypto has a fairly complex system. Therefore, it is not surprising that until now there has been no government interference in crypto.

[yohananaomi]

The governments can't control Bitcoin because it is decentralized. It wasn't made in favour of a centralized system where one person or authority can have full power and control over its transaction. The farthest the governments can go is to impose regulations on Bitcoin transactions especially on the exchange sites.

Yes i am fully appreciate your Opinion and it is really not possible to control the BTC No matter how powerful country President as Donald Trump         

It is clear that the government can still control if it really intends to monitor it so that it is not misused, because many are using bitcoin for this prohibited transaction which the government is afraid of. Even though it is a bit difficult, if there are regulations that support the government, it can do what it can.

[Renampun]

Bitcoin is decentralized, no one will be able to control it, even the price changes depending on the number of transactions.

[Fivestar4everMVP]

Well, we all believe that the government can't control bitcoin but i choose to see this from another perspective
What If the government decides to buy up every single bitcoin in circulation? Don't you all think they will gain control over who owns it and who don't??

If am asked, I did rather say that government have no control over blockchain and not bitcoin, Blockchain is the decentralized system where bitcoin is built on, no one can gain control over blockchain cus it belongs to nobody, but i think government can still gain control over bitcoin if its possible for them to buy up every single bitcoins that have ever been mined

[Rafiq]

Currently, bitcoin is not considered a means of payment, but there is no recognized regulation as an asset. The management and behavior of this electronic currency between authorities has not been agreed and people have not defined specifically what bitcoin is.

Bitcoin is a digital currency. It is decentralized, governments cannot control bitcoin. So it doesn't matter if Bitcoin is recognized or not. Those involved in the crypto world consider Bitcoin as a resource and a means of payment.

[wawan96]

Bitcoin has no control. Bitcoin is not controlled by any country's government. Because Bitcoin itself is a king. Bitcoin position in the cryptocurrency market is at the top. Because of its popularity and many more users. There are billions of investors in the world. So I think the place of Bitcoin is above all. And Bitcoin is not controlled by any government or organization, it is controlled by its users.

but the government may impose taxes on each transaction bitcoin for taxation can be set every government has the authority to regulate all the taxes I was quite worried if the tax applied in all countries for trading rule crypto it will form badly for trade crypto worldwide.

[sky20]

I corroborate your conception. Government can not control bitcoin even government can not identify bitcoin holders because it is decentralized. Now a days people get more involved in crypto currency. Most of the countries of the people use crypto currency but where many countries were not permitted to use bitcoin but government can not control it.       

[Fenix]

I think it will be difficult for the government to fully regulate crypto. This is because crypto has a fairly complex system. Therefore, it is not surprising that until now there has been no government interference in crypto.

States have not yet strongly interfered in the activities of the cryptocurrency, since they do not consider it a threat to their security. The G20 states have so far determined that cryptocurrency does not pose a threat to the global financial system. However, states will always strive to control the activities and circulation of cryptocurrencies as much as possible.
So far, in general, states have a relatively positive attitude towards cryptocurrency. But it should be remembered that they can allow her to walk, but they themselves will not actively support her.

[Joyjoyce0]

Bitcoin is decentralized, not under the control of any issuing company or organization. Government can't control bitcoin, they can only control how it's been used in their various companies

[syedrasool2011]

yes Governments cannot control bitcoin   because bitcoin is futures of paper money 2025 paper money will finish and crypto will use has money remember my words now its time to enter in crypto and bitcoin.

[Vladok]

Now many countries want to take control of cryptocurrency, but I can't understand how they want to do it, if the DEX exchange is gaining popularity.

[labonikhatun]

Governments can never control bitcoin governments in most countries of the world operate bitcoin as illegal this is essential if governments are to develop a major role for digital currencies in controlling the importance of digital currencies in order to prevent abuses that keep governments relying on the system. There is no central supplier no control over supply and demand, and no central agency to impose regulatory requirements presenting serious regulatory challenges to bitcoin control is completely decentralized.

[tervel]

A smart government would utilize its power and use smart ways to control the BTC.But It’s not governments, but banks that we need to worry about. In my opinion, banks are the key to controlling the BTC.

[Nboramir]

The corrections to be made have hit crypto privacy so far. Governments simply cannot use their technology and accept itself, interestingly.