Bitcoin approval by government

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Why many country government didn't approve bitcoin as a legal coin..
If all of country government approve bitcoin as a legal coin then how many can we get opportunity from this.
I think if government approve bitcoin then we have to give tax them.1506606723150660672315066067231506606723Its not that easy, by legalizing crypto currency there is a danger, if too many people using bitcoin or alt coin, the fiat money can be stagnant and that can cause inflation because the money value become down and by legalizing crypto its mean the government agree that it is okay to have a hidden transactionTwo words. Central Banks. Governments are a creation of the Central Banks, so thus, of course, they are going to do what is in their power to uphold the institution. This is the reason why we have borders. With Fiat currency money became political.
There will eventually have to be a currency fall out of some sort for money 3.0 to happen, and at this point is when we will see cryptocurrency being used as a normal type of money for people.The only goverment who has really accepted bitcoin as a currency is Japan.
Quote from: Rabby637 on Today at 12:25:16 AM
Why many country government didn't approve bitcoin as a legal coin..
If all of country government approve bitcoin as a legal coin then how many can we get opportunity from this.
I think if government approve bitcoin then we have to give tax them.

if all countries recognize bitcoin as a legal coin then each country if it is shared will not get more than 1 million bitcoin each country because bitcoin only available 21 million coins only in this world while the country today has more than 120 countries, not to mention the existing in the hands of bitcoin users who from the beginning have been dabbling up, if it is true all countries will recognize bitcoin as a legal coin then I'm sure the price will be very far from now because its demand will be very much in the market
success for bitcoini think any goverment approve bitcoin because they dont want to mechanism they can't controlled.BTC is good for people but dont good for real world moneyGlobally recognized that there is no financial asset in existence that offers better long-term store of value than Bitcoin.
Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter. Bitcoin cannot be controlled.

On the opposite end of the spectrum the global fiat system broke a couple of decades ago.
Fiat around the world is heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-costs of auditors and budgetors and accountants to governments and businesses


Bitcoin, systemically, is free from these burdens.

Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalk.org/index.php?topic=1853019.0bitcoin prices can not be predicted so some parts of the country does not approve bitcoin, state income comes from the bank so if they legalize the automatic bitcoin people prefer to invest their money into bitcoin and not a bank in that country then there will be inflation.
Quote from: Rabby637 on Today at 12:25:16 AM
Why many country government didn't approve bitcoin as a legal coin..
If all of country government approve bitcoin as a legal coin then how many can we get opportunity from this.
I think if government approve bitcoin then we have to give tax them.
Almost 50% of the world approve bitcoin as legal currency. When bitcoin is legal the price will get high and lot of people will know about bitcoin now.I'm thinking in a better phrase
Government approval by Bitcoin? Bitcoin approval by governmentThey are trying to figure out how to earn their piece of the pie before they approve of anything.
Quote from: Rabby637 on Today at 12:25:16 AM
Why many country government didn't approve bitcoin as a legal coin..
If all of country government approve bitcoin as a legal coin then how many can we get opportunity from this.
I think if government approve bitcoin then we have to give tax them.
The bitcoin will become more popular if the government will accept and legalize the bitcoin. Many government are doing their best to legalize the bitcoin. I hope that all og the government will approve the bitcoin.in my opinion because, the Central Bank of the Government is a creation of the Central Bank, so they will do what is their strength to uphold the institution. This is the reason why we have borders. With Fiat currency being political.
then in essence we will see crypto used as a normal type of money for people.As far as I can tell the only thing that the mining of bitcoin does is use lots of electricity and it's noisy. So mining bitcoins only cause noise pollution which isn't that loud at all, Gold mining on the other hand causes lots of land pollution, ?they destroy the landscape of the earth and more over the chemical that they use seeps into the river and pollutes it as well. Recently in my country, ?the government has put a stop to mining because of immense water pollution.
Quote from: Badhuamin on Today at 01:52:36 AM
in my opinion because, the Central Bank of the Government is a creation of the Central Bank, so they will do what is their strength to uphold the institution. This is the reason why we have borders. With Fiat currency being political.
then in essence we will see crypto used as a normal type of money for people.
yes, I agree with you. the government still wants to maintain the dominance of central banks. in addition, I think the government also wants to protect its people from negative things that could harm their people.As it continues to grow I think more countries will start to ban it. That will cause short term drops but like with liquor in the US. Government banned it and it just created a new business for the gangs. Once something exist you cant take it away.This approach logically emerges from the recognition of the state by the Crypto-currency in the territory of its country. If the state officially recognizes crypto currency as a means of payment, it must at the same time establish a certain tax on profits from this activity. Then it will protect the crypto currency from fraud, theft and other troubles.Almost many countries approved bitcoin as a legal Currency.so I want to the government of all countries to accept its as a legal Currency. So yes its will be possible in a few days.
Quote from: Rabby637 on Today at 12:25:16 AM
Why many country government didn't approve bitcoin as a legal coin..
If all of country government approve bitcoin as a legal coin then how many can we get opportunity from this.
I think if government approve bitcoin then we have to give tax them.

to legal bitcoin in a country is not as easy as you think ,, if the legitimate bitcoin is paying the country ,, all there is a friend's rule ,, all can happen to the effect of bitcoin developmentThat is exactly right. With legalization comes regulations. Exchanges are particularly vulnerable, as we've seen in China. Take out the exchanges and you take out the mainstream.
Still, legalization might be the key to breaking into the mainstream. With regulations comes consumer protection and that might be enough to win people over. I'd personally like things to stay the way it is. We're gaining traction even without significant interference from governments, so we're still going towards steady, albeit slow growth.