Governments cannot control Bitcoin

[Senin]

No country_s government controls Bitcoin. Bitcoin is known and popular all over the world. So I think bitcoin can't be controlled by any country's government. However, the government may take steps to approve bitcoin.

It is true that one government cannot control bitcoin and other decentralized cryptocurrencies, but it can influence them with regulatory and tax levers.  But most states can make a general decision to ban the circulation of cryptocurrency and establish criminal liability for its use.  In this case, most of the participants in the cryptocurrency market will stop using it and this market will gradually die.  Do not underestimate the possible influence of states and their governments on any aspect of our life.

[Galley]

Governments cannot control bitcoin itself, but they can control those who own bitcoin without much difficulty. At the legislative level, it is possible to regulate crypto-exchanges, ICOs, and similar projects. It will not be a problem to monitor the activity.

[Quantum X]

Exactly. Bitcoin is created by a genius person or group that cercumvented the system of government. The only way that government can taste bitcoin in a consistent way is to regulate the exchanges of cryptocurrencies.

[Muneeb22]

This time no one government will control the Bitcoin or an other crypto currency in the market but they know that soon this currency is going to be legal and the bankers will also start to cash the crypto coins and they install the ATM,s.

[Cristiano]

Bitcoin is not controlled by any government.  Bitcoin is under their control.  It cannot be run by any government.  If a country was run by a cryptocurrency, then the cryptocurrency would have ended long ago.

[Cristiano]

They can't control bitcoin, so they will try to control the exchanges they are trading on. I think that soon they will succeed.

That's right I agree with you.  Bitcoin does not belong to anyone.  It runs at its own pace. It will run the way investors will run it.

[Trumpet]

You are absolutely right becauseb bitcoin is a vertual coin.manny countries economy system is very good.so they were control bitcoin but it is very risky.beacuse many illigal group are illigal work of bitcoin.

[therozaq]

Bitcoin is not controlled by any government.  Bitcoin is under their control.  It cannot be run by any government.  If a country was run by a cryptocurrency, then the cryptocurrency would have ended long ago.

Yes, I think no one can control bitcoin. Bitcoin depends on demand and supply, the government cannot control bitcoin and just blocked. Bitcoin and others is the future technology, no one can refuse the technology, I believe It.

[Emircan]

I think it is also dangerous for developed countries because they are difficult to collect taxes on cryptocurrencies. But I believe the future will be overcome and investors will contribute to their country in some way to help their country.

[Apower$]

I think it is also dangerous for developed countries because they are difficult to collect taxes on cryptocurrencies. But I believe the future will be overcome and investors will contribute to their country in some way to help their country.

I am a brand new user in this forum so I had no idea about this. I got a very good idea after reading this valuable post of yours.  However, I think it is very dangerous for developed countries because it is difficult to tax cryptocurrencies.  But I believe that in the future investors will contribute to their country in any way they can.

[robert20]

This is the main thing why i love Bitcoin. Because we have full control over our money and no one can control it other than me. But if anyone get more than 50% mining power he can destroy bitcoin which is called 51% attack.

[Trumpet]

I Think government has challenging subject to control bitcoin because we know that As c country to control bitcoin there are economy system is very strong and very high.So it is not so much easy to control bitcoin for every country.what do you think.

[Herry]

Yes brother you are right the government will never be able to control bitcoin.  Because Bitcoin or cryptocurrency is under its control.  No one can control it and will not be able to do so in the future.  Because Bitcoin has been created in a way that is not controlled by anyone.  Thank you brother for creating such a beautiful topic.  The senior brothers have commented on this in a very nice way.  And says that Bitcoin will never be controlled by the government.  I have read and understood their topics.  I hope you know the matter well.

[AllSii]

The government can't control bitcoin, but it can ban its use in the country. Of course, people will be able to trade on exchanges using a VPN, but this will mean that the law is still being violated.

[arnold dudicove]

Yes, I agree. No government regulation can control or intervene absolutely. This is the advantage of digital financial systems compared to conventional ones. So that its growth is very dominant influenced by market fluctuations...