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RE: Why countries legalising Bitcoin is bothering me.

in #cryptocurrency8 years ago (edited)

Yes I agree, but maybe they see the first stage of acknowledgement as a step towards control? LOL actually only perceived control.

What if they limit people in their country to only use an OFFICIAL wallet software so they can track it.... but of course how would they know people are not using their wallet?

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As it stands now, governments simply don't have the scope or ability to enforce a mandate over who can use a wallet. Also, its a global currency which would present issues if governments each try to enforce their own rules.

Yes that's true - and in fact it would be nigh on impossible to police! So basically where we are getting to is simply that governments that approve Bitcoin simply are saying yes to something that is there and working anyway.