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Topic: [2015-09-08] Bitcoin Trading Volume Almost Doubles in Brazil (Read 464 times)

legendary
Activity: 980
Merit: 1000
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If the people there are using BTC to circumvent capital controls, it would soon be regulated to death by their government. Pay your due to your government and they will not

regulate you to death. We all know.. there are two things you can never avoid.. Death & Taxes. It's good news, but it comes with bad repercussions for that community, if they

are using it to avoid taxes. You have to show governments the benefits of using this currency, not how they will lose tax income from people using it.  Roll Eyes

can you effectively regulate bitcoin?
and do goverments "realy" want it or do they just have to do this because of IMF restrictions?
Argentana has to do this because of IMF restrictions , if bitcoin is used more , they "goverment" finaly can own real assets instead of fake paper dollar bonds...
so do they "realy" want to stop btc... BTC can/will break the dollar domination if you keep it alive and let it grow...
BTC will make it imposible for the fed/ecb to do negative intrest rates ,,, etc....
just some things.


legendary
Activity: 1442
Merit: 1016
Big big shout out for the brazilian guys supporting and using our network.Countries like Brazil are perfect place for a growing Bitcoin and crypto environment. However Kprawn is right. Show the government what advantages this technology has to get broader acceptance and legal usage.
legendary
Activity: 1596
Merit: 1010
If the people there are using BTC to circumvent capital controls, it would soon be regulated to death by their government. Pay your due to your government and they will not

regulate you to death. We all know.. there are two things you can never avoid.. Death & Taxes. It's good news, but it comes with bad repercussions for that community, if they

are using it to avoid taxes. You have to show governments the benefits of using this currency, not how they will lose tax income from people using it.  Roll Eyes

A very valid point. Unfortunately, we didn't have more info on why Bitcoin is being used for now, but avoiding capital controls will definitely play a part Smiley
legendary
Activity: 1904
Merit: 1074
If the people there are using BTC to circumvent capital controls, it would soon be regulated to death by their government. Pay your due to your government and they will not

regulate you to death. We all know.. there are two things you can never avoid.. Death & Taxes. It's good news, but it comes with bad repercussions for that community, if they

are using it to avoid taxes. You have to show governments the benefits of using this currency, not how they will lose tax income from people using it.  Roll Eyes
tyz
legendary
Activity: 3360
Merit: 1533
It has become crystal clear that Bitcoin can offer a viable alternative to bank-issued fiat currencies, especially in countries where tight capital controls are part of daily life.  Brazil is one of the places where Bitcoin adoption really seems to be thriving and recent trade volume statistics paints a picture of a thousand words.

http://digitalmoneytimes.com/crypto-news/bitcoin-trading-volume-almost-doubles-brazil/
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