Goverments to go AGAINST Bitcoin - page 5.

Ailmand

hero member

Activity: 1274

Merit: 519

Coindragon.com 30% Cash Back

Quote from: Flexystar on November 24, 2017, 01:21:24 PM

Some countries governments may go AGAINST Bitcoin considering the loss of taxation, threat to the governance loosing hold on the country.
May be criminal activities using bitcoins can not be detected due to decentralisation and a law and order of the countries can be affected.
Since every technology has pros and cons like that way different countries may face different challenges to make it legal so can go against it.

I think many governments are afraid because bitcoin csn cause a lot of changes and defer from the norm. At present, cryptocurrency market poses a threat to the taxed income of some countries because crypto is something that is quite sensitive to regulate due to its charscteristics. That is why many countries nowadays are gunning to regulate or tax crypto use for their advantage.

ABIR HASAN

full member

Activity: 350

Merit: 100

The government of my country is announcing Bitcoin Illegal. If those who are involved are caught, then twelve years in jail.
There are many similar problems seen in many countries.

mward19

newbie

Activity: 26

Merit: 0

kinda hard to stop anything they don't have control over like the dollar ect. if anything they will try to tax it ect.

Kprawn

legendary

Activity: 1904

Merit: 1074

Quote from: nagatraju on December 02, 2017, 10:24:43 AM

I hope that the most of the developed countries will support bitcoin, because it caused too much interest at the population...and prohibitions can cause a riot

You should rather hope that the under developed countries should adopt Bitcoin, because they stand to gain the most. A lot of

the third world countries have a huge problem with unemployment and technologies like Bitcoin bring a lot of opportunities

and informal job opportunities. Cross border micro payments will also help to alleviate poverty in these countries. The problem

is most of these governments are being ruled by dictators and communist regimes. Angry

HongKong

hero member

Activity: 812

Merit: 500

Quote from: GeorgeEden on December 02, 2017, 08:56:37 AM

Quote from: zarintasnim on December 01, 2017, 09:15:33 AM

Some countries are all ready going to against bitcoin. Because they have no control about bitcoin. They can not collect any tax on bitcoin. And the think it hamper their national economy.

I think all the countrys are goin to get used to bitcoin and they are goin to support now that im thinking about it. Because , they cant just go against bitcoin like 1-2 countrys and the rest of it flow with it. They got to come to an agreement.

The government is going to go after Bitcoin because they are using that coin to get more fiat and the government does not like that. That is why they tax Bitcoiners.

taiwww

sr. member

Activity: 588

Merit: 257

Many countries which allowed bitcoin as a legal currency now deciding to ban or regulate bitcoins. Bitcoin is a decentralised peer to peer exchange currency. So it is difficult for the government to keep control over its transactions. All bitcoin transactions get recorded in a public ledger called blockchain so no one can break or trace it, as a result government cannot impose tax on it. Indonesia recently put a complete ban on bitcoin by giving reason that bitcoin is creating a threat to their fiat currency. Australia is banning/ regulating bitcoin because, bitcoin is getting used in drug trafficking and terrorist activities.

Fappanu

sr. member

Activity: 1111

Merit: 255

Quote from: nagatraju on December 02, 2017, 10:24:43 AM

I hope that the most of the developed countries will support bitcoin, because it caused too much interest at the population...and prohibitions can cause a riot

That would be a milestone to the bitcoin community being supported by developed countries. But actually I think bitcoin is already supported by those countries. Not just declaring that it is legal but knowing bitcoin and allowing it to their government then it means that it is already accepted.

nagatraju

hero member

Activity: 672

Merit: 500

I hope that the most of the developed countries will support bitcoin, because it caused too much interest at the population...and prohibitions can cause a riot

JohnBitCo

sr. member

Activity: 2030

Merit: 356

Quote from: GeorgeEden on November 24, 2017, 01:09:25 PM

Is there any chance goverments to go against bitcoin if they see its something against them??

I don't think any government of the world go against bitcoins, Because bitcoin is improving economy of every person. Bitcoin helps a lot of unemployed to improve there lives. Government should look there advantages rather than disadvantage. Maybe in future instead of going against the bitcoins government start supporting it.

GeorgeEden

member

Activity: 126

Merit: 10

Patience and knowledge are gold.

Quote from: zarintasnim on December 01, 2017, 09:15:33 AM

Some countries are all ready going to against bitcoin. Because they have no control about bitcoin. They can not collect any tax on bitcoin. And the think it hamper their national economy.

I think all the countrys are goin to get used to bitcoin and they are goin to support now that im thinking about it. Because , they cant just go against bitcoin like 1-2 countrys and the rest of it flow with it. They got to come to an agreement.

zarintasnim

sr. member

Activity: 1106

Merit: 250

Vave.com - Crypto Casino

Some countries are all ready going to against bitcoin. Because they have no control about bitcoin. They can not collect any tax on bitcoin. And the think it hamper their national economy.

kiver

full member

Activity: 210

Merit: 100

i don't all the governments of the world could unit against bitcoin look for a country like Germany for example what they did they made bitcoin an official form of payment and started to benefit from it with so many ways i don't see why other countries would go against instead of benefit of this new technology it will be stupid and reckless sorry for my language

ThunderCatSteve

hero member

Activity: 770

Merit: 505

Quote from: kodtycoon on November 26, 2017, 07:52:59 PM

I think the government do not will against bitcoin, though they do not legalize bitcoin but they will not forbid people to use bitcoin. The government will only urge to always be careful to transact with bitcoin, because the government will not be responsible if something unexpected happens.

I have pretty same opinion regarding government’s attitude about bitcoin and other digital currencies. No government wants to lose control over its public and wealth.

Indeed, all governments are running on centralized policies and even banks but bitcoin is antagonist to them which is the basic reason governments fear bitcoin. Bitcoin is therefore public currency not another service for corrupt people to nail innocent people.

GeorgeEden

member

Activity: 126

Merit: 10

Patience and knowledge are gold.

Quote from: MiiDoViic on November 30, 2017, 01:40:01 PM

My country is already against it . Trying to make it illegal. But they have no power over it and they can not stop us .
Because bitcoin is completly independent from them .

How are the trying to block it? And where are you from? I think no1 has the power to make it illegal just by force .

MiiDoViic

full member

Activity: 308

Merit: 119

My country is already against it . Trying to make it illegal. But they have no power over it and they can not stop us .
Because bitcoin is completly independent from them .

salink

member

Activity: 490

Merit: 10

I think so. Because the government does not collect taxes from bitcoin as well as its transactions. will affect the economy against their interests. However, only a few countries will ban bitcoin, not all

InnMind.com

newbie

Activity: 44

Merit: 0

Although there is nothing that can stop a government or central bank from banning Bitcoin (& a few have already done so), most would not go that far for two reasons:
- The Streisand effect
- A ban on Bitcoin is difficult to enforce.
You can read more here: http://btcexchangemarkets.com/can-any-government-ban-bitcoin

nvedia

newbie

Activity: 27

Merit: 0

Quote from: Fappanu on November 30, 2017, 11:34:12 AM

Quote from: GeorgeEden on November 24, 2017, 01:09:25 PM

Is there any chance goverments to go against bitcoin if they see its something against them??

Just read a news coming from one of the biggest tb network here in my country, after bitcoin hit $10k mark, there was an announcement came from the Security and exchange commision and central bank that people should be careful with investing with cryptocurrencies. Because it is not registered or the government has no say with it. If its price goes down reall hard or it is gone then people who invest with it will no longer get their money as it is not regulated by the government. So maybe there would be a chance that our government will step up.

Which country?

Fappanu

sr. member

Activity: 1111

Merit: 255

Quote from: GeorgeEden on November 24, 2017, 01:09:25 PM

Is there any chance goverments to go against bitcoin if they see its something against them??

Just read a news coming from one of the biggest tb network here in my country, after bitcoin hit $10k mark, there was an announcement came from the Security and exchange commision and central bank that people should be careful with investing with cryptocurrencies. Because it is not registered or the government has no say with it. If its price goes down reall hard or it is gone then people who invest with it will no longer get their money as it is not regulated by the government. So maybe there would be a chance that our government will step up.

Coral27

newbie

Activity: 184

Merit: 0

Quote from: supermine on November 25, 2017, 10:19:23 PM

Quote from: tientien1 on November 25, 2017, 10:06:43 PM

Does the government fight bitcoins or does it prohibit bitcoins from operating in the territory?
In my opinion, bitcoin does not affect the government, it is only difficult to control with bitcoin income, bitcoin to help the economy of the country stronger.
Bitcoins are very difficult to control in terms of income and taxes are up there in so many countries banned bitcoins Cool

The biggest advantage and disadvantage of bitcoin is anonymity,so their country people can easily use bitcoin for illegal activities so some countries decided that they don't want such type of currency for them so they banned it.But bitcoin will help in increase the economy level of their country people so some countries legalized bitcoins.Maybe governments have to make rules for using bitcoin in their country so it will allows the country's people to use bitcoin with some restrictions.And also stops from totally banning the bitcoin.

I think there is no reason that any government can be against bitcoin because bitcoin is not that kind of currency which will make any problem for any government because bitcoin is playing always with positive mind because bitcoin want to change world and its intention is to end poverty from world so I don’t think so that anyone can banned or stop bitcoin and some countries have already make bitcoin legal in their countries.

Topic: Goverments to go AGAINST Bitcoin - page 5. (Read 3231 times)