Governments cannot control Bitcoin

[hushpupppy]

The truth is that government does not actually care about bitcoin, cryptocurrency or blockchain adoption; the governments are more interested in how much tax can come from crypto currency; which is why they are interested in regulation, and interfering with who does this or that with crypto.

As an investor or trader; remember that the government is centralized while crypto currency is decentralized. Two parallel lines

[Lorix]

The government cannot control Bitcoin. There is no power to control Bitcoin. Because there are a lot of users of Bitcoin all over the world. It is not possible to suppress these users if you want. So I think no country can take the initiative to destroy Bitcoin. Because if any country goes against Bitcoin, there will be no harm to Bitcoin. Bitcoin currency is much more known all over the world. All users around the world do a lot of bitcoin transactions. So I think there will be bitcoins all over the world. However, each country will have a separate facility for transactions.

[Raboni]

The truth is that government does not actually care about bitcoin, cryptocurrency or blockchain adoption;

They do care it just a matter of time government will allow Bitcoin in their respective areas. Of course, the citizens are the most important to protect against fraudulent and scam investment. Government job is to secure the country safetiness. In some countries Bitcoin is legal.

[Crypto Guard]

The system that is run by bitcoin is indeed an independent system. Where all control is in the hands of the coin holder. For this reason, government interference is actually almost non-existent. The approval of the government will only provide a sense of security.

[jakasantosa]

The government will only handle taxes that will be taken by the government. As long as taxes can't be collected I don't think the government will pay attention to bitcoin. But if the government has received the results from the bitcoin tax, of course, the government will at least take part in handling bitcoin, as an example of legally using bitcoin payments.

[ranaprime]

Government can not control bitcoin or any other crypto currency because there is no way to find any transections. It is decentralized not centralized. If any one make any payment or international transection then government can not do anything for this reason most of the countries have no government permission. But they are trying to find the way to control it. They will contract with exchanger how to control it and it will be the way to monitoring only.

[sky20]

There is no way to control bitcoin or any other altcoins. It is impossible to find out any transection. But they have one way to find out some users transection by help of exchanger. It can be the one way to controlling but not completely.

[Thymoty]

The government cannot control bitcoin, but the problem is that the government can prohibit the circulation and use of bitcoin in the country. And if this happens people will find it difficult to use or invest in bitcoin and other cryptocurrencies.

[MRM]

Bitcoin cannot be controlled by the government of any country. There are no specific restrictions on which countries or nations. Because Bitcoin is open for use all over the world. Bitcoin is a member of such a technology, but you can't specify it for any country. Bitcoin is known as an open currency for users around the world. Users around the world use Bitcoin. I don't think it can be controlled by any country's government. What will never be possible in the days ahead is more later.

[jet]

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.

government don't have control of Bitcoin but surely they could regulate it in their country. we have seen this in many countries where they even ban the use of Bitcoin.

[Lenipiw]

Bitcoin controls the entire cryptocurrency world. However, no country's government can control Bitcoin. Because the control of Bitcoin is not limited to the government of any country, or to any particular region. Bitcoin has users all over the world. No country's government has made any profit from Bitcoin. That is why the administrations of most countries do not support such bitcoins. But Bitcoin is the name of a developed currency in the developed world. This coin is popular all over the world. So people have a lot of plans with Bitcoin.

[Sentinel]

The government cannot control bitcoin. Because this bitcoin is an independent investment. Where everything is in the hands of the bitcoin holder itself. and there is no government interference.

[Methos]

Conflict of Interest is the best enemy of government, once they notice a good business it will imposed to have a lot of rules and regulation to result not to follow and penalised I don't want government to handle or Control bitcoin.

[highnayem34]

Government can manipulate Bitcoin. Bitcoin is made to battle the centralized streams controlled by the government and they make open record innovation that we regularly call blockchain, government estimating can not be done on the showcase but in case the government sets a assess for each approaching and active stores from crypto transformation to fita it is still conceivable .

[Carbitcoin]

Undoubtedly, governments will not be able to control bitcoin, as well as other anonymous decentralized cryptocurrencies. But still, the government will be able to control everyone who still uses bank accounts and pays bills, and also buys things with fiat money. If a person cashes out cryptocurrency, then government control will be much easier.