I have heard some stories about making bitcoin transactions illegal. It's all been a humor and I don't think any government have officially made bitcoin transactions illegal. Why is that?
Many governments are trying to regulate bitcoin, control exchanges and force people to be authorized. But I am sure government wish bitcoin was not created and there was no trouble of regulating bitcoin. They prefer their fiat to any other currency.
Why no government have made bitcoin transactions illegal?
I think they want to avoid creating an underground market.They don't want bitcoin to be traded like Alcohol and drugs. They have to accept bitcoin as they cannot stop a decentralized network and now they can only try to regulate it. Do you agree with me? Is there any other things have caused governments to not make bitcoin illegal?
The reason why haven't governments legalized bitcoin transactions because of illegal activities that are happening such as scams and frauds, that is why there are a lot countries who banned bitcoin like china and etc to avoid this kind of illegal acts. I think it will be better if we can remove every illegal activities in crypto, so that the governments in every country will start to legalized every bitcoin transactions.
It is not completely illegal, they can't completely shut down bitcoin because it is decentralized, what's happening here is they are banning all of the access you could have to earn bitcoin, like mining, trading, just like what happened in China, in other words
the stars are always up there but you can't see it because of clouds, I hope you are getting my point of view.
The Government are just spreading nonsessencial informations that are most misleading to discourage the public to adapt cryptocurrency, because in some countries, bitcoin is a threat. There is a rainbow always after the rain, because the countries where bitcoin is legal is more than the countries who hates it.