I have a question for you. How to make governments accept bitcoin and not see it as a threat? So that one could use bitcoin in daily use, such as paying taxes or grocery shopping. What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?
it will be hard for goverment to accept bitcoin goverment use fiat because they can get taxes
they dont support bitcoin because there are no benefits bitcoin taxes go to miners
Thats true, maybe if the government can benefit like a tax for bitcoin users, maybe the government might consider the legalization of bitcoin
An government making legalized usage of bitcoin is not that simple, they need to consider lot many things to make it function in a perfect manner. There is nothing good if it's been adopted for name sake. For this reason governments take their own time and make necessary changes based on the goodness.
Governments dont do changes based on the good for society, they only care about themselves, so if they think they can benefit with bitcoin then bitcoin is going to get approved but if they think bitcoin is bad for them then they are going to eventually ban it.
Yes, the government will only do what is beneficial for them and if it can benefit from bitcoin, it will accept it.
When finds a way to put tax on it then they will surely approved bitcoin. When they already see that investors were benefit alot from it for sure bitcoin will be accepted by the government.
They are already taxable in government's law, anything what you earn is taxable by law no matter what kind of currency you are earning to it. The only problem is some earnings through Bitcoin is hard to be screened or double checked by the tax auditors because of its security features making the owner of the Bitcoin have unrealized earnings. People who evade taxes make unjust riches to themselves which can destroy a country's economy that is what the government is trying to avoid. If Bitcoin is just a regulated currency it would be easy for them to look at the earnings of people through Bitcoin.
Most of them are just taxing bitcoin exchanges, They can't tax every bitcoin transaction because it is pseudonymous . From this the governments fear that bitcoin can be used to do illegal activities like money laundering .
I think it's not just regulating that they want but also controlling, There is no one who control bitcoin, no one can be held responsible f nothing happens and most importantly governments fixes some financial issue by controlling their currency, Unfortunately it can't be done with bitcoin .
Let's just wait for a few more years and see what happens .