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Can You Guess Which Governments Created Bitcoin?The process turned up 11 nations that owned bitcoin through "All of that bitcoin is held by those government agencies,� says Elementus CEO. Prime Minister Nguyen Xuan Phuc approved a plan to scrutinise and streamline the legal framework for the management of cryptocurrencies such as bitcoin in. In its current form, Bitcoin presents three challenges to government authority: it cannot be regulated, criminals use it, and it can help.