I really don't see how they will go about banning it?
I believe the governments hate it, because they can't control us if we all used Bitcoin they can't control us.
They will have to allow so they can get a slice of the pie somehow, Bitcoin is the best thing to happen since the internet.
I hope it succeeds and we are no longer slaves to the government.
Topic: Btc and government, what does the future holds? (Read 1548 times)
It crossed my mind yesterday and I was thinking what if the government wakes up with an obnoxious law against btc ?
Its trade, exchange and outrightly banning btc usage.
Is this possible?
Do you see this coming?
What do you think & what will happen?
the average of developing countries that most denied the existence of BitcoinIts trade, exchange and outrightly banning btc usage.
Is this possible?
Do you see this coming?
What do you think & what will happen?
lack of understanding and the increasing number of people who suffered losses from Bitcoin make the government prohibit the use of Bitcoin as a means of payment
in the future existence of cryptocurrency will surely be recognized..
In the future, what will happen will be more monitoring and regulations. I think governments are now understanding that crypto and blockchain have come to stay so they should just regulate it and make it safe for their citizens. So in the next few years I won't be suprised to see more regulations
Outright ban would be completely stupid because they not only don't get to tax whatever Bitcoins would get reported but you also push the economy underground and stop no trading. Everything would become p2p and would just avoid exchanges completely. The only way to stop Bitcoin is to stop the internet, and yeah good luck with that!
If this is will happen then our time for earning money will be dead. We will not have earnings through bitcoin anymore.
Some countries banned bitcoin already and if it happens to the whole world altcoins will be dead also.
So we should maximize the usage of bitcoin right now and as long as bitcoin is there.
Some countries banned bitcoin already and if it happens to the whole world altcoins will be dead also.
So we should maximize the usage of bitcoin right now and as long as bitcoin is there.
Legalization of a crypto currency is not an easy thing to do for any of the government as they are well aware of this fact that all the crypto currencies are decentralized in nature and even if they declare it as legal currency, there will be no control of the government on any of the crypto coin.
It will take some time for the government to realize the need and importance of bitcoin, only then they will take such kind of step.
The main object for the legalization is to control the flow of money going out of the country and to monitor the amount of money earned as capital gains so that they can tax those profits.If a government could control the exchanges running in their countries it is more than enough to control the system,there are other options to trade even with a ban,but the general idea of reaching it to everyone will be a hurdle.It will take some time for the government to realize the need and importance of bitcoin, only then they will take such kind of step.
It crossed my mind yesterday and I was thinking what if the government wakes up with an obnoxious law against btc ?
Its trade, exchange and outrightly banning btc usage.
Is this possible?
Do you see this coming?
What do you think & what will happen?
I do not worry too much about banning, while it only prohibits bitcoin as a legitimate payment tool, as long as it is not prohibited to own and invest in bitcoins. For future problems the government should think about the legality of bitcoin and take into account all aspects, its negative to positive impact, in order to have a place for bitcoin in every country. Its trade, exchange and outrightly banning btc usage.
Is this possible?
Do you see this coming?
What do you think & what will happen?
It crossed my mind yesterday and I was thinking what if the government wakes up with an obnoxious law against btc ?
Its trade, exchange and outrightly banning btc usage.
Is this possible?
Do you see this coming?
What do you think & what will happen?
Your presumption is possible but this will happen only in some countries that has a government who are not willing to support bitcoin and make it legal instead declared it as illegal. This will happen because some government are corrupt and want always to benefit only for themselves. I think their decision to oppose bitcoin is just because they are paid by banks that are afraid to lose their investors and shift to bitcoin. Its trade, exchange and outrightly banning btc usage.
Is this possible?
Do you see this coming?
What do you think & what will happen?
It crossed my mind yesterday and I was thinking what if the government wakes up with an obnoxious law against btc ?
Its trade, exchange and outrightly banning btc usage.
Is this possible?
Do you see this coming?
What do you think & what will happen?
The governments across the world are now recognizing bitcoin and they have now understand the fact that they can't stop its usage or hinder its growth so now they are planning to involve it in their economy so that they can also get benefits from it by means of increasing GDP of their country and making tax provisions so as to get tax from investors.The time to make law against it has over but they are trying to stop illicit activities by usage of bitcoin in which many people are in their favour. So its time for btc and government not to be against each other. Its trade, exchange and outrightly banning btc usage.
Is this possible?
Do you see this coming?
What do you think & what will happen?
It crossed my mind yesterday and I was thinking what if the government wakes up with an obnoxious law against btc ?
Its trade, exchange and outrightly banning btc usage.
Is this possible?
Do you see this coming?
What do you think & what will happen?
Its trade, exchange and outrightly banning btc usage.
Is this possible?
Do you see this coming?
What do you think & what will happen?
No government could stop bitcoin. Bitcoin don't have intention to scam or to destroy a government instead bitcoin could help a govwrnment to reduce poverty.
Will there are some countries that banned bitcoin because they don't know what bitcoin could do.
I think BTC will not stop. Because Bitcoin is not bad. It can benefit from the government.As bitcoin launched in 2009, most early adopters saw its disruptive potential. While bitcoin has stalled for some time approaching a valid use of the term “stagnation”, cryptocurrency in a larger context is still just as disruptive. In 2011, I stated that bitcoin (cryptocurrency) will do to banks what e-mail did to the postal services. This is not just true, but it will be even more brutal to governments, and by extension, governmental services.
Goverment could even close every transfer in crypto in their country so it depends where you life or you are going.
PS. In my country we are still waiting for answer about "crypto law" so now almost everything is legal.
PS. In my country we are still waiting for answer about "crypto law" so now almost everything is legal.
Legalization of a crypto currency is not an easy thing to do for any of the government as they are well aware of this fact that all the crypto currencies are decentralized in nature and even if they declare it as legal currency, there will be no control of the government on any of the crypto coin.
It will take some time for the government to realize the need and importance of bitcoin, only then they will take such kind of step.
The main object for the legalization is to control the flow of money going out of the country and to monitor the amount of money earned as capital gains so that they can tax those profits.If a government could control the exchanges running in their countries it is more than enough to control the system,there are other options to trade even with a ban,but the general idea of reaching it to everyone will be a hurdle. It will take some time for the government to realize the need and importance of bitcoin, only then they will take such kind of step.
I foresee brighter future for Bitcoin where Government shall be having a kind of support with few back up regulation just to safe guide their user citizens in their operation, and not in Bitcoin control since the Government themselves shall be expecting quantum of returns from their Cryptos Investment then.
I am not worried about that, the government just wants to make this bitcoin regulation because this transaction is very risky, not forbid bitcoin.
I think that in the next few years most governments will accept bitcoin in payments because of its great advantages that currencies and other traditional forms of payment can not do. Some countries are studying their own crypto for national economic growth, notably Venezuela, which has developed its own Petro coin. It crossed my mind yesterday and I was thinking what if the government wakes up with an obnoxious law against btc ?
Its trade, exchange and outrightly banning btc usage.
Is this possible?
Do you see this coming?
What do you think & what will happen?
Always keep in mind that bitcoin is a decentralized currency and only the users who hold it have the control on it that what to do with their bitcoins. So no matter what the others decide for bitcoin you can do what you want with bitcoin. Actually I am trying to explain that no one have to worry about the price because the price of it will be that for which you will sell it. If you will not sell panic then it will remain safe. Its trade, exchange and outrightly banning btc usage.
Is this possible?
Do you see this coming?
What do you think & what will happen?
I am not worried about that, the government just wants to make this bitcoin regulation because this transaction is very risky, not forbid bitcoin.
It crossed my mind yesterday and I was thinking what if the government wakes up with an obnoxious law against btc ?
Its trade, exchange and outrightly banning btc usage.
Is this possible?
Do you see this coming?
What do you think & what will happen?
Its trade, exchange and outrightly banning btc usage.
Is this possible?
Do you see this coming?
What do you think & what will happen?
they can do it but they wont do it. in my opinion, the gov looks this tech is what they need in the many future ahead. which everything needs an upgrade and its more efficient to use. but if they do get law against btc, it means that they fail to get profit from it. any gov is just trying to set up how to getting profit from it in a long period time. if all country have their own crypto signature and yet its can be use anywhere in the world its actually more profitable to everyone if they looking deep into it. PROFIT all the time, anytime, anywhere, and everyone.
In fact, some countries and bitcoin had already surpassed all that. Let's not forget about China's decision to ban cryptos and the price of bitcoin goes down as the effect took place but bitcoin remains unfazed and even come back strong.
It is hard decision that governments may be against bitcoin. Because governments have lots of economical benefits thanks to bitcoin. If they see bitcoin
as illegal money, they will lose their high economy. Think about big money men, bitcoin makes their illegal money to legal. Therefore bitcoin is a big chance to develope and be the richest one.
I truly did not understand what you are telling here,what economic benefit does the government have because of bitcoin other than the minor tax they are supposed to get if they legalize bitcoin ,bitcoin making illegal money to legal as illegal money, they will lose their high economy. Think about big money men, bitcoin makes their illegal money to legal. Therefore bitcoin is a big chance to develope and be the richest one.
i am not sure from which country you are coming,if someone does that ,he should land in jail and for this only reason any government could ban the trade and running of exchanges in a country and you think that due to these the government will support,that weired thinking.Any government could come up with any decisions but as a user we will find ways to trade it as it is not centered around any one nation.It will take some time for the government to realize the need and importance of bitcoin, only then they will take such kind of step.
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