Quote from: jhongzjhong on March 05, 2018, 11:18:38 AM

You know why the government did not legalize bitcoin in some countries? Because they think that this technology bitcoin may the biggest competitor in our country someday and the bank will be left behind on it. Central Bank of each country fully supports our government then they afraid that someday the bank will not have an investor because of bitcoin.
Another factor is bitcoin may use in illegal activities and may be abused in a terrorist group to purchase weapons and other prohibited by the government.

You are wrong with that kiddos, if you will notice banks now are supports bitcoin together with the other crypto currencies. "DEBIT CARD and CREDIT CARD" this is the sample of digital tools to make easily and faster our transaction they also used it because they just want to evolve, aside on that if the bank and other crypto currencies considers as competitors of them. Maybe until now were still using manually computation, because they can't used computer, calculator and different tools to make work in banks easily.

In additional, more counties now are starting to hugged the digitalization, actually in our country coins.ph wallet is partners of different banks because imagine they can easily deposits, withdraws and converting our money thru banks.

Countries not scared to evolve and become parts of digitalization or modernization the only thing they were scared are the following:

-Lack of education in terms of digitalities.

-Who's people leads us to become legalize crypto currencies? (I guess leader of each counties were not allowed each one to take the position, because controlling and decision were always on the hand of the people who will be elected.)

-Crypto currencies are not fully develop because until now systems are possible to hacked even there's a lot of securities.

-They scared because value of different crypto currencies will possible to become bubble and etc there's a lot of reason why crypto currencies were still not legalize.

Maybe until now governments together with the founder of crypto currencies are still studies the different factors that they can possible to consider before they legalize the crypto currency in each country.