Post
Topic
Board Bitcoin Discussion
Re: Why government do not want bitcoin to be legal?
by
RussaX
on 29/12/2018, 21:13:05 UTC
This question is too general. You should have asked a specific question because Bitcoin legalities vary from country to country and each country has their own different rules and regulation.

Here's a link that will help you understand your question.
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

I was checking this page few days ago and I find it interesting that well developed countrys have some statements and research about it. Mostly they support the idea.
Then you have some 3rd world countrys that don't even have any statements or regulation just as it doesen't exist. Other part if not strongly agains they have strong regulations with taxes.

I am confident that in more developed countrys government and banks are actually trying to profit from it while in 3rd world you have more of a resistance because of fear losing tax money and general control over banking.
At the same time you can see that public is more than willing to join crypto even if it is regulated. 3rd world places are likely to adopt crypto in greater percentage than other places because of it's advantages and freedom.