Topic: Can bitcoin improve the economy of a country? - page 77. (Read 52289 times)
Since bitcoin is anonymous and the government does not have control with bitcoin it cannot implement tax in bitcoin as well as with the people who earn through bitcoin. If bitcoin would be legalize in a country this would probably help the economy of a certain country to improve and grow fast.
Maybe for now function of bitcoin can not be utilized by all parties either from society or government, but of course along with its development one day all society can use it and can feel benefits so big.
And of course the role of bitcoin will be helpful, improving the country's economy if country has successfully adopted bitcoin, perhaps one of income taxes applied to bitcoin is certainly a good source of foreign exchange for the country.
And of course the role of bitcoin will be helpful, improving the country's economy if country has successfully adopted bitcoin, perhaps one of income taxes applied to bitcoin is certainly a good source of foreign exchange for the country.
Of course bitcoin can help improve the economy of a country, because I've seen a lot in this community they've made bitcoin as an income and even a full-time job for them. Indirectly they have helped improve the economy of the country even someone unemployed has a good income from bitcoin, for them the reason is only one because of the very high bitcoin prices that make their income from bitcoin for the better.
The fact that people make money on the Internet does not help the economic development of the country. Moreover, these amounts are not taxable and therefore they have a negative impact on the economy. It is for this reason the governments of all countries are grappling with a turnover of bitcoins.This is so irrelevant. Why shall bitcoin improve the economic conditions of a region?
I don't see your point in asking this. Bitcoin is only a financial tool.
Of course bitcoin can improve the economy condition because it give people chance to get second resource. It also can move the wealth inside the countryI don't see your point in asking this. Bitcoin is only a financial tool.
It is still too early to measure the effects on the economy of a country and it is difficult to answer, but who improves the economy of a country are their governments and their people only, BTC certainly brings opportunities for some peoples to generate income based on their efforts and that is something that must be considered.
Since exchanges are in that country and they interchange monies it will eventually influence that economy because there will be foreign influx from wallets all over the world for them to cash out in their local currency thereby influencing it.
that is true ... where $1,000 monthly income considered as low amount to earn for some people , but when you go in bitcoin for other people in other side of world earned that $1,000 are more than enough , bitcoin in this case completely make things easier.to do trade internationally and get paid high through bitcoin , it is a wonderful thing indeed.
Right now, Bitcoin is not that big to create such an influence on the economy. But I hope that in the future that will become a reality. Even now, the Bitcoin usage has resulted in an increase in tax revenues and creation of new jobs, however small that might be.
Of course bitcoin can help improve the economy of a country, because I've seen a lot in this community they've made bitcoin as an income and even a full-time job for them. Indirectly they have helped improve the economy of the country even someone unemployed has a good income from bitcoin, for them the reason is only one because of the very high bitcoin prices that make their income from bitcoin for the better.
The fact that people make money on the Internet does not help the economic development of the country. Moreover, these amounts are not taxable and therefore they have a negative impact on the economy. It is for this reason the governments of all countries are grappling with a turnover of bitcoins.Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?
Since exchanges are in that country and they interchange monies it will eventually influence that economy because there will be foreign influx from wallets all over the world for them to cash out in their local currency thereby influencing it.
The amount of money coming into from a particular country is really low and vice versa so it is hard to determine the economic influence of bitcoin which could improve any economic situation,so i would say no,it wont make any difference.It will help in ones economy if its accepted by the country and if there will be a development in business establishments that will adopt btc as payment. Btc is indeed a economical helpful.
Since exchanges are in that country and they interchange monies it will eventually influence that economy because there will be foreign influx from wallets all over the world for them to cash out in their local currency thereby influencing it.
The amount of money coming into from a particular country is really low and vice versa so it is hard to determine the economic influence of bitcoin which could improve any economic situation,so i would say no,it wont make any difference. Yes i think if the government it self and all people under their concern will use bitcoins and put tax on it because thats the only way people and the government can raise its economical status by putting and collecting tax
How does one country's economy move? It's by the taxes that people pay mostly and btc as we all know is not yet tax free. Though it may affect the economy by providing people with means of earning money to spend on but in gemeral terms, i don't think bitcoin is recognized yet to affect the economy. Let's see for those countries that adopted btc already
Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?
What revenues are they going to lose?
If you refer to Bitcoin taxes, people who are not going to pay these taxes won't pay them anyway, whether Bitcoin is regulated or not. Aside from that, you still have to pay an income tax no matter what's the source of this income (unless you are engaged in drugs and similar illegal things). If Bitcoin is used for payments, merchants still have to pay something like a VAT tax (which they pass on the buyers by including it in the price)
Of course bitcoin can help improve the economy of a country, because I've seen a lot in this community they've made bitcoin as an income and even a full-time job for them. Indirectly they have helped improve the economy of the country even someone unemployed has a good income from bitcoin, for them the reason is only one because of the very high bitcoin prices that make their income from bitcoin for the better.
The fact that people make money on the Internet does not help the economic development of the country. Moreover, these amounts are not taxable and therefore they have a negative impact on the economy. It is for this reason the governments of all countries are grappling with a turnover of bitcoins.
Maybe not, although many user of bitcoin in one country i think bitcoin cannot improve the economy of one country as long the bitcoin is not recognize as a legal currency in one country it can't help the growth production of economy. Notice that bitcoin is a virtual currency not a fiat although they use bitcoin in buying stuff and necessary need but it's value is convertible to fiat that use in buying anything.
Of course bitcoin can help improve the economy of a country, because I've seen a lot in this community they've made bitcoin as an income and even a full-time job for them. Indirectly they have helped improve the economy of the country even someone unemployed has a good income from bitcoin, for them the reason is only one because of the very high bitcoin prices that make their income from bitcoin for the better.
The fact that people make money on the Internet does not help the economic development of the country. Moreover, these amounts are not taxable and therefore they have a negative impact on the economy. It is for this reason the governments of all countries are grappling with a turnover of bitcoins.
Yes i think if the government it self and all people under their concern will use bitcoins and put tax on it because thats the only way people and the government can raise its economical status by putting and collecting tax
Of course bitcoin can help improve the economy of a country, because I've seen a lot in this community they've made bitcoin as an income and even a full-time job for them. Indirectly they have helped improve the economy of the country even someone unemployed has a good income from bitcoin, for them the reason is only one because of the very high bitcoin prices that make their income from bitcoin for the better.
Bitcoin helping the economy of the entire state, doubt it and probably not. But helping the economic situation of an individual, highly probably. Bitcoin helped me with the household economy for quite something.
Yes I also think like that.Very difficult I think can help the country's economy.
But helping one's economy could be if we are good at using bitcoin.
Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?
I do not think bitcoin can improve a country's economy.
But bitcoin can improve one's economy or individually.
Because bitcoin is a very dangerous investment.
But bitcoin can improve one's economy or individually.
Because bitcoin is a very dangerous investment.
Jump to: