Post
Topic
Board Bitcoin Discussion
Re: What Can Be Done To Make Government Legalize Bitcoin
by
BryanRoseWalker
on 19/08/2018, 17:15:14 UTC
Governments can pass a law enacting all the citizens to update their bitcoin address to the existing identification medium so that governments can trace the transactions.Governments can decentralise the infrastructure by franchising the process just like issuing licences to private banks.

the problem is that the government is only able to implement aml / kyc in the exchange markets of their own countries, the use of transactions from various wallets such as blockchain or myetherwallet will never be tracked by official authorization which causes overall confusion where there is no proper system to track everything.

all we can do is continue to develop positive arguments and stay in touch with the government from the potential of the blockchain system only, if they fully understand this, I'm sure all new regulations can be carefully thought out.