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Topic: Government and Bitcoin - page 54. (Read 5762 times)

newbie
Activity: 112
Merit: 0
April 28, 2018, 02:05:17 AM
#55
Bitcoin would encourage more money laundering due to the anonymity it provides. Regular people still don't understand Bitcoin and think of it as some kind of scam.We need more public awareness about Bitcoin and spread the words on social media and other platforms to let the know the world, Bitcoin is revolutionary invention more advanced and more secure crypto currency as time will pass we will see more adoption  about Bitcoin.
legendary
Activity: 1512
Merit: 1010
ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀
April 28, 2018, 01:46:20 AM
#54
Because they cant control it. Its decentralized and governments will never trust anything which is decentralized. People think governments are to help them grow but most of the time they just control everything and growth is just a propaganda.
sr. member
Activity: 1974
Merit: 450
April 28, 2018, 01:20:22 AM
#53
Why, until now, government all over the world still doesn't trust bitcoin?

I think the government has a reason maybe one of them is bitcoin is a currency that is not yet known by ordinary people, and maybe the government is also afraid of fund raising for criminal acts because bitcoin has not had security inside
In fact, many things make governments afraid of bitcoin, especially in terms of investment. so in my country, they warn not to invest in bitcoin, because it has a high risk. but, they said they did not forbid to use it, just warned.
member
Activity: 238
Merit: 11
April 28, 2018, 01:15:29 AM
#52
Ministry of Finance: In 2018 in Russia legalized bitcoins!!!
The Ministry of Finance is planning to legalize bitcoin and other crypto-currencies in Russia in 2018. The goal is to take virtual currencies under control so that they can not be laundered or illegally withdrawn. Just a year ago, the ministry proposed to deprive citizens of their freedom for using bitcoins.
sr. member
Activity: 1372
Merit: 275
April 27, 2018, 06:54:16 PM
#51
Why, until now, government all over the world still doesn't trust bitcoin?

I think the government has a reason maybe one of them is bitcoin is a currency that is not yet known by ordinary people, and maybe the government is also afraid of fund raising for criminal acts because bitcoin has not had security inside
full member
Activity: 479
Merit: 105
April 27, 2018, 06:53:40 PM
#50
bitcoin is a digital currency . it is money in the digital world. inorder to make it stable currency it should be utilized by many number of people for a longer time. when something becomes famous it is automatically used by several other people. the government will recognize its value when the whole world starts using it and hence it will be stable.

When the government has recognize bitcoin, he will ask the high tax for that. Government always make a tax for anything from his people. I think bitcoin doesn't need intervention from government.
That is the problem when bitcoin accept by the government, this will be hard for them to regulate it. Giving high tax is impossible there is anonymity of the accounts. They maybe add tax to the establishments that using bitcoin as payment to them so that the government can get into it where can be use for the growth of the economy.
member
Activity: 126
Merit: 10
April 27, 2018, 06:38:58 PM
#49
Hello everyone, in Russia the government is trying to take control of the crypto currency market. I'm not sure that they will manage to do this, but it does not please me
sr. member
Activity: 1428
Merit: 308
April 27, 2018, 12:13:51 PM
#48
Why, until now, government all over the world still doesn't trust bitcoin?


In the world, different country has own government and I could say that they have different ideas, thoughts and descriptions in many things and bitcoin system is one of this. We all known that there are some countries that enjoying the totally adapting to bitcoin and some others are still banned bitcoin and the worst thing is they do banned it. I believe that there are many reason why some of them doesn't trust bitcoin and the main reason of it is they can't afford to go in the risk that bitcoin has it and maybe they afraid because of having it a high volatility.
legendary
Activity: 2492
Merit: 1001
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April 27, 2018, 11:26:55 AM
#47
I thought about some tim ago, and it's hard. At least for government-backed banks, because banks have a lot of business like example loans, saving and etc..
Well, for now, many countries support bitcoin. this will make bitcoin more popular, and its use will be better. well, hope all countries will receive bitcoin in a few years, and start using it together.
sr. member
Activity: 364
Merit: 250
April 27, 2018, 11:24:59 AM
#46
I thought about some tim ago, and it's hard. At least for government-backed banks, because banks have a lot of business like example loans, saving and etc..
legendary
Activity: 2912
Merit: 1852
May 25, 2015, 01:35:42 PM
#45
...

I don't know what is going to happen re Bitcoin nor the government's actions...

Based in what I think I know(!), it looks like BTC is not a .gov set-up for a digital-only currency to be levied upon us.  I hope I am correct on this, it seems to be the prevailing opinion here that BTC is not some NSA/IRS conspiracy...

Assuming the above is true (but be careful re ass-u-me), the question then becomes what will .gov do about it?  There are already some IRS statements on BTC as an asset, but I have yet to figure out what and how they (IRS) will handle BTC.

*   *   *

Are there any tax lawyers in the house here?
legendary
Activity: 2828
Merit: 1514
May 25, 2015, 01:25:15 PM
#44
Well, the governments run on fiat currencies. The government has control on all the economic activities that its own country runs. With Bitcoin, you don't have that control anymore. It's decentralized, the government would never adopt something that goes against its own economic system, banks, ect.
sr. member
Activity: 331
Merit: 250
May 21, 2015, 02:39:15 PM
#43

im just wondering if it is that they dont trust it or are just waiting to adopt it when the timing is right....
I know they have to see the overall value in it, also the fact that it can be mined cheaper and more environmentally friendly than any other precious metals that are being mined...

I believe it is a little bit of both but mainly a distrust for something they cant control.
sr. member
Activity: 406
Merit: 250
May 21, 2015, 12:50:30 PM
#42

im just wondering if it is that they dont trust it or are just waiting to adopt it when the timing is right....
I know they have to see the overall value in it, also the fact that it can be mined cheaper and more environmentally friendly than any other precious metals that are being mined...
newbie
Activity: 28
Merit: 0
May 21, 2015, 12:47:47 PM
#41
bitcoin is a digital currency . it is money in the digital world. inorder to make it stable currency it should be utilized by many number of people for a longer time. when something becomes famous it is automatically used by several other people. the government will recognize its value when the whole world starts using it and hence it will be stable.

When the government has recognize bitcoin, he will ask the high tax for that. Government always make a tax for anything from his people. I think bitcoin doesn't need intervention from government.

I fully agree. BTC is a revolution, a reaction to centralizated systems !
legendary
Activity: 2506
Merit: 1125
May 20, 2015, 02:14:07 PM
#40
bitcoin is a digital currency . it is money in the digital world. inorder to make it stable currency it should be utilized by many number of people for a longer time. when something becomes famous it is automatically used by several other people. the government will recognize its value when the whole world starts using it and hence it will be stable.

When the government has recognize bitcoin, he will ask the high tax for that. Government always make a tax for anything from his people. I think bitcoin doesn't need intervention from government.
sr. member
Activity: 331
Merit: 250
May 20, 2015, 12:25:46 PM
#39
bitcoin it still new,
and its very not stable in price than the other currency...
but its not an argument for not letting people to use it in some countries

The Government uses peoples fear of the unknown to its advantage.
member
Activity: 98
Merit: 10
May 20, 2015, 12:18:33 PM
#38
bitcoin is a digital currency . it is money in the digital world. inorder to make it stable currency it should be utilized by many number of people for a longer time. when something becomes famous it is automatically used by several other people. the government will recognize its value when the whole world starts using it and hence it will be stable.
hero member
Activity: 1022
Merit: 500
May 20, 2015, 08:10:49 AM
#37
Bitcoin is still ethereal and mysterious to many people. Many people get their news from the press, hearing the talks about the illegal activities and the rise and crash of the price. If any acceptance is to happen it will have to be after a renewal of information.

That's true bad news travel faster then good news. People are just looking at the news that media is providing them and they just start to believe it without any research or investing their knowledge in it and Government is supporting media to do so as Govt is also against the bitcoin.

The people who publish the news rarely publish positive stories because they bore people. They publish negative stories about crime, violence and drugs because people want to read those types of stories. There are positive and negative sides to Bitcoin use, but the news is only interested in publishing stories about the negative side.

They publish the news that get attention and revenue.
sr. member
Activity: 327
Merit: 250
May 19, 2015, 04:16:54 PM
#36
Bitcoin is still ethereal and mysterious to many people. Many people get their news from the press, hearing the talks about the illegal activities and the rise and crash of the price. If any acceptance is to happen it will have to be after a renewal of information.

That's true bad news travel faster then good news. People are just looking at the news that media is providing them and they just start to believe it without any research or investing their knowledge in it and Government is supporting media to do so as Govt is also against the bitcoin.

The people who publish the news rarely publish positive stories because they bore people. They publish negative stories about crime, violence and drugs because people want to read those types of stories. There are positive and negative sides to Bitcoin use, but the news is only interested in publishing stories about the negative side.
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