Governments cannot control Bitcoin

[Dociko]

No country government can do bitcoin. Because Bitcoin is absolutely open to users all over the world. Bitcoin is traded all over the world. Bitcoin is one of the most popular in the world. Bitcoin transactions are done by all the rich and famous people of the world. All the more famous people invest in Bitcoin. These are the topics of so much talk and discussion about Bitcoin all over the world. Bitcoin is the most talked about topic in the online world.

[cryptopediabd]

Not government or any institute who control price of bitcoin as well other coin also.  Price of any coin is directly depend on its demand as well as on initial supply. This is only one reason behind that government always trying to ban Crypto in their region ( but in some countries Crypto acceptable as well ).

There are still clients that have been doing illicit trade and covered up behind bitcoin and crypto. Typically making crypto appropriation becoming difficult and difficult for unused people.

[Lordrift]

This is one of the advantages crypto currencies have over fiat currency. Where their values cannot be issued and controlled by the Government.

[ayatoslaw]

Not government or any institute who control price of bitcoin as well other coin also.  Price of any coin is directly depend on its demand as well as on initial supply. This is only one reason behind that government always trying to ban Crypto in their region ( but in some countries Crypto acceptable as well ).

There are still clients that have been doing illicit trade and covered up behind bitcoin and crypto. Typically making crypto appropriation becoming difficult and difficult for unused people.

Yes, there are still many people who do illicit trade or carry out illegal trade, this is what makes some state regulations not support bitcoin as an alternative payment,
the government has a strong reason because if bitcoin is approved as an alternative to payment, there is a possibility that the misuse of bitcoin will get bigger and harder to trace,

[franch]

What threat is bitcoin if it was created by the elites using an imaginary character to push new generations into the blockchain AI matrix, no one can stop bitcoin for sure.

[Inthesilence]

Yes you are right. I heard governments are thinking of taxing bitcoin, but there is no law yet to back that shite idea.

[MRM]

The government of every country wants to tax Bitcoin. However, Bitcoin is a member of such a technology, this coin can not be taxed in any way. This is a user-to-user transaction. So I think no country government can take any tax from bitcoin currency. It is unknown at this time what he will do after leaving the post. However, this may not be possible, as no government has to pay a fee for transactions in blockchain technology.

[Gurujebs]

Not government or any institute who control price of bitcoin as well other coin also.  Price of any coin is directly depend on its demand as well as on initial supply. This is only one reason behind that government always trying to ban Crypto in their region ( but in some countries Crypto acceptable as well ).

There are still clients that have been doing illicit trade and covered up behind bitcoin and crypto. Typically making crypto appropriation becoming difficult and difficult for unused people.

This is why government is finding it difficult to legalise bitcoin because of its pseudonymous characteristics. But on the other hand, the number of people who use crypto for good is far much more than those who are using it for bad. In every system, there is merit and Demerit even a new solution is having it own problem.

[ranaprime]

Government can not control bitcoin this is the main issue to avoid bitcoin form any country. If the government can control then no problem will be appeared. Bitcoin is a digital currency which have not boundaries. No one can not find out the trisections even government have no any way to find out or impose taxes. If the government permit it then definitely it causes country will fall in economic problem. Which will not be recovered. 

[@chison]

It will be difficult to stamp on a decentralized system as cryptocurrency is built on it. Government  will try clamp on centralized exchanges through KyC and all that.  Exchanges that are completely Decentralised are being built

[naitik01]

The government cannot control bitcoin because it is decentralized, governments have their own jurisdictions, which cannot work against, and governments are even more likely to control bitcoin because of its lack of data.

[juv3ntus1]

Governments don't want to control the Bitcoin ,what they want is a legislation for regulations the bitcoin in this way are sure you will pay the tax and the bitcon are not use to support criminal activity.

[Jaguar]

Yes you are right. I heard governments are thinking of taxing bitcoin, but there is no law yet to back that shite idea.

There is a huge money to collect when the government compulsory implement the tax system to Bitcoin users. Big enough to fund the employees of government offices. And probably the normal corruption will give birth during the day of Bitcoin adoption in regulatory ecosystem.

[tervel]

Not all countries see the advent of blockchain technology and cryptocurrencies as a threat and the need for control. While not recognizing cryptocurrencies as legal tender, they see a potential in the technology behind it and are developing a cryptocurrency-friendly regulatory regime as a means to attract investment in technology companies.

[Mexite]

Not all countries see the advent of blockchain technology and cryptocurrencies as a threat and the need for control. While not recognizing cryptocurrencies as legal tender, they see a potential in the technology behind it and are developing a cryptocurrency-friendly regulatory regime as a means to attract investment in technology companies.

You are right. Many countries are standing aloof currently as per crypto while only a few are crypto-friendly. Now that many tech giants are developing their own blockchain solution, it's expected that government will soon start to patronize these products once they reach production stage. But generally, governments wouldn't want a parallel economy and that explains why come countries frown against cryptocurrency.