Governments cannot control Bitcoin

[gunhell16]

Bitcoin claims that “It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.”1 That lack of central authority is the primary reason governments are afraid of the cryptocurrency today i see news Pakistan will legal crypto.

Indeed, this is a good thing about Bitcoin and some other altcoins as well. I also admired some of the countries that making legal about the blockchain technology to their own territory too. Due to like what you had stated in above this is decentralized powered by its users.

[syedrasool2011]

The straight forward answer is no the government can't , and they should get sacked for corruption for trying to control of something they do not have ownership of  or provide,  crypto currency is decentralised and non custodial currency meaning the government can't control crypto.

[Alcor]

The government cannot directly control bitcoin.  However, he has a lot of proven mechanisms for how to do it indirectly.  First of all, these are legal regulation and taxes.  If desired, these two levers can kill or drive anything you like underground.  Therefore, it is better not to conflict with states and their governments for a decentralized cryptocurrency.

[imjordansmith96]

Yes its true and we all providing [https://www.Url is blocked due to spam/cryptocurrency-wallet-development]Bitcoin wallet development [https://www.Url is blocked due to spam/cryptocurrency-wallet-developmentl]

[Condorlaib]

The government cannot directly control bitcoin.  However, he has a lot of proven mechanisms for how to do it indirectly.  First of all, these are legal regulation and taxes.  If desired, these two levers can kill or drive anything you like underground.  Therefore, it is better not to conflict with states and their governments for a decentralized cryptocurrency.

Undoubtedly, the government can have levers of control, on quite legal grounds, thanks to taxes and the relevant regulatory legislation and structures. In addition, I believe that governments can have a very large influence on the entire cryptocurrency market, taking part in trading as a big whale. And we repeatedly hear the news that the US government is confiscating large amounts of Bitcoin from certain cryptocurrency owners. Manipulation with a large volume of cryptocurrency can not only destroy a certain cryptocurrency, but also very much harm the cryptocurrency market.

[Lenipiw]

The government of any country does not get any tax from bitcoin. So no country's government can control Bitcoin. Bitcoin is not limited to any particular country. Bitcoin users are widespread around the world. Bitcoin is traded all over the world. It is a transaction of various commercial organizations. Bitcoin is used to complete a large amount of commercial activity. Bitcoin is not controlled by the government of any country. However, Bitcoin is expected to be approved in most countries.

[Dociko]

Bitcoin is also a currency that can be traded at traditional banks around the world. The government of Bangladesh cannot suppress if it wants. Because Bitcoin blockchain technology allows transactions around the world. So even if a country bans it, it will not be able to suppress it. Since no one in the transaction knows anyone’s identity. So I think the government of the country cannot tax or suppress bitcoin. Governments can support Bitcoin.

[Gubre]

That's is actually the very purpose of bitcoin why it is created decentralized. To give people the freedom they want to stay anonymous while making money and also to set them free from taxes which you might wonder where did they put your money.  atleast in bitcoin aside from not risking your personal data you have no question same with what you have in the centralized services.

[Dora Walletinvestor]

It's true that the government cannot directly tax bitcoin, but there are taxes imposed on any income from bitcoin. In many places the taxation is not regulated well and the amount of tax you have to pay is decided on a case-by-case basis, which is a lot of hassle and not really good for most investors.

[Astra]

The government of any country does not get any tax from bitcoin. So no country's government can control Bitcoin. Bitcoin is not limited to any particular country. Bitcoin users are widespread around the world. Bitcoin is traded all over the world. It is a transaction of various commercial organizations. Bitcoin is used to complete a large amount of commercial activity. Bitcoin is not controlled by the government of any country. However, Bitcoin is expected to be approved in most countries.

You are deeply mistaken in your reasoning.  Somehow there was information that only half a year after the introduction of taxes on profits from cryptocurrency in Japan, the country's gross domestic income increased by 0.6 percent.  The lack of such information does not mean that taxes on cryptocurrency are not collected.  In another case, on this forum there was information that the US tax authorities sent out notifications to cryptocurrency users with a reminder to pay taxes on cryptocurrency on time.  As long as you only store cryptocurrency in your wallets, you are invisible.  However, as soon as you enter the exchanges and exchangers where identification is required, the state may already know about this.  States will continue to tighten the rules for the circulation of cryptocurrencies and they will have enough leverage to control this.

[Piku]

No country government can control Bitcoin. Bitcoin is a currency used by users around the world. Even if the government takes steps for the purpose, it will not be able to control bitcoin. Bitcoin is widely known as a currency.

[Pluto25]

Bitcoin is a popular cryptocurrency in the cryptocurrency market cap but all countries governments can't support bitcoin because they can't control bitcoin . Only some development countries, japan, usa , canada, australia, Estonia etc etc countries government allow bitcoin as their transactions systems.

[MrSpasybo]

It's true that the government cannot directly tax bitcoin, but there are taxes imposed on any income from bitcoin. In many places the taxation is not regulated well and the amount of tax you have to pay is decided on a case-by-case basis, which is a lot of hassle and not really good for most investors.

This is considered the most effective measure at the moment so that governments can influence the demand for Bitcoin transactions and use. If the tax is too large, users will choose other means of payment instead of Bitcoin.
In some countries like Vietnam, the government has delayed the enactment of a crypto legal framework, which also worries the entire crypto community of Vietnam as it is possible to face penalties at any time. Many crypto projects were forced to register abroad to avoid such troubles.

[IyemRoker]

I totally agree with Op because Bitcoin is difficult to soften.
Bitcoin is like a wild ball that rolls very irregularly, every time it always rolls in the direction of good and bad news.
So Bitcoin cannot be controlled by the Government and this has been absolute since Bitcoin was created by Satoshi Nakamoto.

[Galaxy]

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.