Bitcoin and governments - page 6. | Bitcointalksearch.org

Fredomago

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Quote from: Rj Manik on August 29, 2017, 10:12:05 AM

To compare between Bitcoin and the government, one thing is to say the government does not like Bitcoin.The government does not want the digital currency people to use.The government does not get huge amount of VAT on digital currency transaction.

what if they create a system that will monitor every transactions came from crypto's? its not impossible for the government to do so as we knew that they
are always wants to have more generated tax to each individuals so i think if they find it out that crypto already bringing millions they will start to interfere.

Rj Manik

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To compare between Bitcoin and the government, one thing is to say the government does not like Bitcoin.The government does not want the digital currency people to use.The government does not get huge amount of VAT on digital currency transaction.

salihno71

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Quote from: setifien19 on August 26, 2017, 07:38:07 AM

Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?

They have absolutely no control over it. They cannot influence it. Therefore, they don't endorse it nor encourage official usage. If bitcoin becomes predominant method of payment in the future, it will certainly affect the economies in a big way.

aoihs00

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Quote from: setifien19 on August 26, 2017, 07:38:07 AM

Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?

I dont think bitcoin will affect the economy of the country because it is limited and there is more money in the world as compared to bitcoin today. Government don't officialise it because may be it is not worth investing into it for big bodies like government. They might be seeing it's limited use in day to day life and that's why they don't want to spend money on it. That's logical becayse government has many more other options which are better than bitcoin. One more reason is bitcoin being decentralised won't be having any control of government or vice versa.

Linuld

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Quote from: nextgencoin on August 29, 2017, 07:20:23 AM

"Many countries government have already started the studies for the possibilities of regularizing the bitcoins" This is true some big banks are also studying on Bitcoin and giing lessons to their employees. In a short term they will announce they ar accepting ibtcoing transfers we will see.

The banks will support Bitcoin mate, and they will oppose because if the govt accept Bitcoin and make this legalise then, there is no work for banks. And they will not get any revenue. So if the govt accept bitcoins, they may start to oppose that decision. If govt wants to accept bitcoins means BTC need to improve a lot.

stompix

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Blackjack.fun

I wonder sometimes from what part of the world are the majority of the posters around here.

In 3 whole pages nobody has questioned one thing.
It's not the government who is passing down laws.
The government is the executive power , the parliament is the one issuing laws.
And the members of the parliament are the ones you people are electing every 4 years.
So if you're not happy with his past work, why voting for your stupid representative again?

Fujiati

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I think the government is not willing to legalize the emergency bitcoin, maybe the government is more thorough in making decisions, and maybe someday the government will join in bitcoin.

feelmuhtoy

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Bitcoin program can not be stop by the government, the government can join also bitcoin mining just like north korean government do. Bitcoin is unstoppable.

nextgencoin

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"Many countries government have already started the studies for the possibilities of regularizing the bitcoins" This is true some big banks are also studying on Bitcoin and giing lessons to their employees. In a short term they will announce they ar accepting ibtcoing transfers we will see.

ocid

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Every country has special rules about its government, the existence of bitcoin in my country can not be inaugurated but its use can not be prohibited. Even the government here has rules on every bitcoin user. Bitcoin made by shatosi nakamoto aims to serve as an alternative transaction tool. With increasingly modern technological advancements in the present era, bitcoin is becoming more popular in my country, but the government will ban bitcoin users if they make payments using bitcoins without switching to existing local currency, since bitcoin in my country is only used as a tool For transactions in the form of barter only.
already many people who benefit from bitcoin because bitcoin can change their economy to be better than before.

erickkyut

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There are lots of reasons why the government does not support Bitcoin. First, it is decentralized. No one has a control over it. Second, even the criminals and terrorists can use Bitcoin. The government does not want to encourage it. Lastly, Bitcoin has high risk in using it. The government is still studying if it is beneficial if they will accept it. There are still lots of reasons.

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Aurox

Quote from: setifien19 on August 26, 2017, 07:38:07 AM

Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?

Government does not officialize the use of bitcoin because they do not treat bitcoin as a currency but rather as a form of payment option. They can legalize the use of bitcoin but not as a currency or will replace the fiat currency. There are many complicated conditions that should be considered before implementing a cryptocurrency to be officially adopted in a country and many studies will be done since it could affect the whole economy.

blue_dragon

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Quote from: setifien19 on August 26, 2017, 07:38:07 AM

Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?

This is my point of view. Media and Government are separate to each other. Bitcoin and other cryptocurrency uses one of the type of media which is New Media for us to be access and used it. The Government is too busy for this thing. Our government and our country is facing a problem today about war on drugs that many people are being died and also the civilians and the innocents too.

Stephencb

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Based on the independence of the Blockchain industry, participants seem to have ignored the lack of support from government agencies. At the same time, events taking place in the ecosystem also open the idea of a self-sufficient, self-sustaining community. This philosophy is likely to lead to government anxiety, and consequently an attempt to find despair of relevance in this system. Governments that are pursuing this quest for relevance are a completely different matter. Looking at the activities of different regulators around the globe, many conflicting claims have been made, sometimes by a particular government briefly, as witnessed in the United Arab Emirates United Arab Republic and Nigeria. These activities clearly show the pressures or demands that governments are facing.

Cult

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Quote from: setifien19 on August 26, 2017, 07:38:07 AM

Hi btkers , discussion about the relationship between governments and cryptocurrencies.
Why don't governments officialise the use of cryptocurrencies .
Can these cryptocurrencies affect countries economy?

Someone has to present the case and write the law to 'officialise crypto-currencies', someone in a legislative position, usually these people have more concerning issues to attend to, but when crypto becomes a huge industry then someone will have to do this, at least for tax clarity. Cheesy

Michael2t

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Bitcoin prices have been moving forward since the beginning of 2017, and governments and the central banks have been more vocal on issues related to this breakthrough technology.
Almost no day has passed without a government statement about Blockchain, Bitcoin or Money. These claims could be to revoke the original ban, issue a new injunction, investigate the rules or apply the technology and some other activities.
Obviously, governments seem to be under pressure to put a stance on Bitcoin and blockbuster, and that may be the main reason that managers keep saying "wrong".

Lillian89

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countries such as USA, France, Germany, UK, Japan, Canada ... have developed legal framework, policy to manage business activities, use virtual currency. In particular, focus on four issues is the development of regulatory framework for management, issuance of tax policies for investment, trading virtual currency, policies to protect the interests of the owner of virtual currency, Virtual currency translation by private issuers.

Emmanueltd

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According to Cassidy, the government and banks understand that we are rapidly moving into a digital world, including our money. Bitcoin and Blockchain have become hot topics over the past few years and along with that some pressure to gain a stance.
Cassidy noted that this is a learning process for almost all traditional organizations, so it is normal to predict a position in the next few years as well as in the political arena with changes. government policy.
By the end of 2016, Nigeria's Central Bank Deputy Governor , Adebayo Adelabu , pleaded with the National Electronic Fraud Forum (NEFF) to work harder in an environment where players must learn to swim or sink in waves. new of this new technology. This statement clearly shows that the government has realized the importance of breakthrough technology is here.
Although there are mixed reactions from the governments of different countries around the world, one thing that still fits is the advance of breakthrough technology. It is really moving and it is moving very fast.

Higginbotham

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An important factor that you can not ignore at this point is the pace of progress in the Blockchain ecosystem . Every day, there is a lot of innovation or a new launch with many promises.
Considering the independence of the Blockchain industry , it seems to ignore the support from government agencies so far. At the same time, events in the ecosystem create the idea of a self-sustaining community. This philosophy seems to create a degree of serious concern from the government, so they have no hope of finding any involvement in the system.

n4poleon

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Quote from: Ewinsane on August 29, 2017, 02:11:28 AM

Quote from: undeadbitcoiner on August 26, 2017, 08:17:03 PM

Quote from: mobnepal on August 26, 2017, 09:04:16 AM

Quick answer to this is because bitcoin transactions can't be monitored or controlled by government authorities and they can't stop money laundering with bitcoin.

But there are lots of other hidden agenda governments/big banks have which can be affected by introduction of bitcoin. Many countries have legalized the use of bitcoin but it is still not accepted as official currency like other fiat.

Quick Answer government can track Bitcoin Transaction I don't know about anywhere else but we do, If IRS suspect any fraudulent transaction and suspicious money laundering type of transaction IRS can track that which is already started, Its not easy but its not hard to find who is actual owner.

No matter how clever or smart a criminal thinks of himself, he is destined to leave a clue behind. Maybe, it's what we call karma. Universe returns one's act back to him. With time and brutal effort, IRS could have discovered ways of tracking. That's why I have always advised people to do the right act so that you don't need to hide from anyone. No fear of getting caught.

Ehh, when a person do not intend to be tracked then do not use bitcoin, bitcoin is very transparent when it comes to its transaction. Maybe monero or other privacy projects might do the job.

Topic: Bitcoin and governments - page 6. (Read 2489 times)