Bitcoin may help a country's economy but not to the extent that it will play a leading role as a country's own currency needs to be the one that is enhanced and utilized. A country can do tax bitcoin through its exchanges.
Topic: Bitcoin plays a vital role in the economy - page 12. (Read 2363 times)
Bitcoin plays a vital role in the economy , because bitcoin could really help the needy people , the bitcoin can help the countries economy especially to the jobless citizens, bitcoin can offer good things to those who want to join the bitcoin organization and like to earn without investing.
There is no doubt that bitcoin role will boost some sectors in the nation's economy and it would help a lot of people when a government finally legitimized bitcoin in their country. The bitcoin economy is big and many people will benefit from it if they know how to use bitcoin properly. But those countries that are planning to allow the use of bitcoin in their economy will have to deal with bitcoin's high volatility and rapid fluctuation.
People are wrong if they think governments cannot impose tax business entities that accepts bitcoin. Another thing some people believe is that bitcoin can play a vital role in a country's economy and that it can make third world countries into the best in the world.
Although it can be used but it will be difficult to implement and do, you know that bitcoin is anonymous, how people can pay taxes correctly? if the government does not know how much assets they have, how many bitcoin addresses they have, for now little difficult to implement tax on users..yes, I agree with you, I think the government still confuse to know who have bitcoin in their wallet. besides that, maybe the government will make some regulations and they will ask all bitcoin user to register in their regulations so the government can watch who is the owner and how much they have bitcoin so they can implement a tax for them. but this will difficult since I don't think that every bitcoin owners want to register or telling how much bitcoin they have to the government.
The role of Bitcoin in the economy is not so important, it is just an instrument or an economic medium, all dependent on how to use it or operate it, Bitcoin is used to improve the lives of a person so as to lift the economy in a country.
Bitcoin is a new currency ecomomic system. Bitcoin is not affected by the exchange rates. In developing countries, Bitcoin is very useful to maintain economic stability. Bitcoin can be main cast in economy in developing countries. It can be solution for the problem economy in develop country.
Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.
I totally agree, one of the reason why the government is against crypto is decentralization, there is no way for them to tax it. However, it is true that cryptocurrency can open a lot of opportunities which can even help a country's economy by offering business and job opportunities to it's people.
Yes, bitcoin plays a vital role in the economy since it is a life changer.
Your statement is quite off the title. I don't see the relation between it. Anyways, the opportunity that Bitcoin can give isn't exclusively for third world countries. You could be speaking that people in those countries are completely poor and they need to get into Bitcoin. Bitcoin opens opportunities exclusively for anyone. There is no definite requirement to get into it, except for the benefits it gives which is the KYC law in some country.
just because some people don't pay their taxes when trading bitcoin and cryptocurrencies that doesn't mean bitcoin is affecting the economy of the whole country! these same people would never pay their taxes when they do other things so the economy didn't change because of them.
But the economy will change because of bitcoin not because of people.
Yes because of bitcoin and it will happen only when people stop working and rely on bitcoin only, in that way people will affect the economy because it will break down the man power. This is what i think.
Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.
Probably, but as we can nowadays it was still limited in numbers of the total entities who accept Bitcoins and acwuired this cryptocurrency to be lined with the current market and I think if a cwrtain country still dont acwuire this cryptocurrency it will be hard for Bitcoin to create a hugr growth to economy. I think this is vital for the people who earns here but not to the economy per se.
I think it is still under with the unemployed people though they are using bitcoin in their earnings because it is not recognize those people who work online as the survey says it is still the same with the unemployed though their earnings are really big enough. But the important is it is really helping your daily expenses in your daily life, still bitcoin really help us but now government is start studying bitcoin and try to accept it in the country and their governance.
Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.
Probably, but as we can nowadays it was still limited in numbers of the total entities who accept Bitcoins and acwuired this cryptocurrency to be lined with the current market and I think if a cwrtain country still dont acwuire this cryptocurrency it will be hard for Bitcoin to create a hugr growth to economy. I think this is vital for the people who earns here but not to the economy per se.
AML Bitcoin definitely will. After all, regulations are in place governments will see the use of cryptos and especially AML´s since it is the only compliant coin.
In my opinion bitcoin investment is business and is almost like a regular business. The only difference is centralized and decentralized. Bitcoin investors do not pay any taxes till this time and they are free to use their holding. But the good thing is these bitcoin investors are not asking government for anything and they are self-sufficient. When people have money they will use it in local markets and the money circulation will continue.
This is very normal. Traditional capitalism has already been intrinsic. The countries behind the Third World are powerless. So they rely on cryptocurrencies. This is a different place.
it is possible that bitcoin can be play as important role to help people on the particular countries and currently bitcoin already help people from third countries because usually the people which come from those countries does not have jobs or unemployment and they were seeking new jobs to survive their life and fortunate they were discover bitcoin
AML Bitcoin definitely will. After all, regulations are in place governments will see the use of cryptos and especially AML´s since it is the only compliant coin.
These restrictions are only for some time. All of such governments better know the reality of bitcoins. They all know how cream this bitcoin is and how greatly they can take advantage from this bitcoins for their country and citizens. The economic growth and the next economical war, all is based on bitcoin. So when they come to know about this in detail, they would be going to make a good result.
It is a good idea, but corruption inside the country, these people usually get money from nothing, taxes and others payments
Bitcoin is very influential on the economy of the community because with this bitcoin people can look for more income and with this bitcoin also people will boost their economy to a higher level because bitcoin can be made in a very profitable long-term investment.
Bitcoin plays a vital role in the economy , because bitcoin could really help the needy people , the bitcoin can help the cuntries economy especially to the jobless citizens, bitcoin can offer good things to those who want to join the bitcoin organization and like to earn without investing.
People are wrong if they think governments cannot impose tax business entities that accepts bitcoin. Another thing some people believe is that bitcoin can play a vital role in a country's economy and that it can make third world countries into the best in the world.
Although it can be used but it will be difficult to implement and do, you know that bitcoin is anonymous, how people can pay taxes correctly? if the government does not know how much assets they have, how many bitcoin addresses they have, for now little difficult to implement tax on users..
I think that bitcoin will definitely bring some positive changes to our world but I doubt that it can play a vital role in a country's economy.
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