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?
Well I think the right question is Why Would the Government Made illegality about Bitcoin? Yeah they are turning to banned in time and some governments treat as how bad crypto can bring but they are all wrong because as we can all see ,Bitcoin is helping the world to make it easier and accessible to the people theres nothing in this world that ever created such like this and in future this will be proven,
Blockchain is an uninterruptible system. Even God cannot intervene in the blockchain. It will continue until there is only one video card running for mining in the world. Governments do not have the luxury of judging it legally or illegally. It can only control cashouts. Shitty FOMO
Well youre perfectly correct and blockchain will be with us forever no matter what they do,no matter what they care.