Re: What will happen if Bitcoin gets official permission from the government...???
Bitcoin is an independent Cryptocurrency that no other third party takes advantage of transactions from two sides. This is a peer to peer transaction conducted by sellers and buyers only. Cryptocurrency transactions do not need to be identified or verified by the recipient of the funds when the funds are sent, that is what makes many people choose to use bitcoin.
Does the government mix in managing transactions for each user?
If the government mixes in managing transactions, will they take advantage of every transaction
What is your opinion.?
We all know that bitcoin is a decentralised crypto currency and this is the reason that there is no such proper authentic regulating body over the bitcoin who could keep eye over all the bitcoin activities and thus leading to its illegal use and misused by many terrorists and other social defaulters in selling drugs, explosives, money laundering etc and the only thing that could happen in stopping its illegal use is its legalisation all over the world as those countries who has legalised bitcoin in their nation are now keeping eye over all the bitcoin activities though imposing some taxes over its transactions but still in those countries there is no illegal use with bitcoin.Does the government mix in managing transactions for each user?
If the government mixes in managing transactions, will they take advantage of every transaction
What is your opinion.?