I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
Recently, the European Court of Human Rights adopted a decision obliging the German government to recognize bitcoin as a legal tender on its territory. This is a decisive judicial decision for more than forty countries that signed the Convention for the Protection of Human Rights and Fundamental Freedoms of Man of 1950 and pledged to amend all the laws of that country for specific decisions of this court. Thus, the governments of these countries will be obliged to recognize bitcoin as a means of payment. This is a very big victory for the crypto currency. 
Topic: Government on legalising bitcoins - page 10. (Read 1402 times)
Why are we talking about legalizing bitcoin? Legalize something that was previously prohibited, was illegal. But no one ever banned bitcoin.
If only there are countries where the laws explicitly prohibit citizens to have bitcoins? In advance I will say that for example in Russia there is no such law and a direct ban on bitcoins.
It is more accurate and appropriate to talk about amendments to the current legislation for a uniform approach to solving legal situations. But not on legalization.
If only there are countries where the laws explicitly prohibit citizens to have bitcoins? In advance I will say that for example in Russia there is no such law and a direct ban on bitcoins.
It is more accurate and appropriate to talk about amendments to the current legislation for a uniform approach to solving legal situations. But not on legalization.
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But the disadvantage would be, the anonymity of transactions would never happen again. That everyone should declare their btc transactions and earnings and should pay tax for it.
Transaction anonymity? Regardless of Bitcoin being legalized or not, as soon as you make use of centralized services, you can say goodbye to your 'anonymity'. I don't understand why people keep mentioning that they will no longer remain anonymous, while they actually have never been that.... I think it's safe to say that at whatever point in time, yes, it's just a matter of time, exchanges will transfer user information to the tax department in your country, and that without the court being involved like how Coinbase was forced to admit defeat. Current regulations are a joke compared to what has to come. If you want the highest level of anonymity, as far as possible, avoid centralized services entirely, which will require you to basically isolate yourself from a large part of this ecosystem. It's all up to you.
There would be advantage and disadvantage when a government legalized bitcoin. Of course the biggest advantage would be, government will not ban btc and people will be free to use it. But the disadvantage would be, the anonymity of transactions would never happen again. That everyone should declare their btc transactions and earnings and should pay tax for it.
Totally agree with you but there is no matter how strongly we want this, it does not seem to happen very soon.
Why bitcoin users have to pay taxes? I understand to pay taxes to the government that supports all users of the cryptocurrency. Banks do not block transactions. Now we see the opposite situation. The government by all means give us obstacles. This means that the taxes on the turnover of the cryptocurrency they don't need?
I'm totally against legalization by any government. Bitcoin is an enabler for libertarian principles. Once government gets involved Bitcoin is no longer a tool of freedom, it's a tool by governments for control and oppression.
Today,It has already legalized in many countries,sorry but I don't understand how its enabler for libertarian principles,as we see today bitcoin is a tool of freedom,when i say its legalized I mean countries where its not banned and I don't understand why goverments wouldn't legalize it,everyone knows that its not anonymous and 'crypto criminals' always leave trace and its easier for authorities to investigate ciber crimes.maybe my opinion is not right but i think the best solution will be global strategy and we have already iniciators like America or another technological giant companies.
I'm totally against legalization by any government. Bitcoin is an enabler for libertarian principles. Once government gets involved Bitcoin is no longer a tool of freedom, it's a tool by governments for control and oppression.
Well, you have your point but we all know how government play the game so I think instead of banning cryptocurrency I will still go for legalising this thing so we can freely use cryptocurrency wihtout any hesitation.
Every user of cryptocurrency would ask for this only that they should be allowed to use the currency because it is another totally different space where new technology is helping people in many ways from their business to money transfer to earning and to become independent in their life
Government legalising bitcoins is a good news, but if the government pay tax for every transactions. I think it will a little bit hard.
Government can earn money if all bitcoins transactions pay tax. Blockchain technology very helful for company. So I think in this technology, the government will see the technology and can legalising bitcoins.
Government can earn money if all bitcoins transactions pay tax. Blockchain technology very helful for company. So I think in this technology, the government will see the technology and can legalising bitcoins.
I'm totally against legalization by any government. Bitcoin is an enabler for libertarian principles. Once government gets involved Bitcoin is no longer a tool of freedom, it's a tool by governments for control and oppression.
Well, you have your point but we all know how government play the game so I think instead of banning cryptocurrency I will still go for legalising this thing so we can freely use cryptocurrency wihtout any hesitation.
I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
Every trader wants Bitcoin to be legalized. Not only Bitcoin, but I heard the Blokchain technology can be used for the future by governments, because Blokchain is a such a kind system, which makes financial and technlogical stuff more easier.Not every trader. Others would want to avoid taxes so they'd rather that the government would not get involved with cryptocurrency affairs. It's possible that on the day that the government decides to legalize bitcoin, they may impose regulations and then put taxes.
Blockchain technology should be used by the government and utilize it to develop a better system for payments within the country. The government may choose to use crypto for the better in order to improve their country.
I'm totally against legalization by any government. Bitcoin is an enabler for libertarian principles. Once government gets involved Bitcoin is no longer a tool of freedom, it's a tool by governments for control and oppression.
Well, you have your point but we all know how government play the game so I think instead of banning cryptocurrency I will still go for legalising this thing so we can freely use cryptocurrency wihtout any hesitation.
Finland is one of the most advanced and technologically advanced countries. This country has even given tax freedom for the purchase of bitcoin.
Finland has also facilitated almost all the ATM to purchase, exchange, and top up bitcoin. This is done to meet the needs of people in Finland will need the use of bitcoin.
Through ATM obtained that Finland is a country that records the highest bitcoin exchange transaction compared with other countries. Even in January 2016, bitcoin has been used to buy a Tesla S (electric-powered) Tesla car for € 140,000.
Finland has also facilitated almost all the ATM to purchase, exchange, and top up bitcoin. This is done to meet the needs of people in Finland will need the use of bitcoin.
Through ATM obtained that Finland is a country that records the highest bitcoin exchange transaction compared with other countries. Even in January 2016, bitcoin has been used to buy a Tesla S (electric-powered) Tesla car for € 140,000.
I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
Every trader wants Bitcoin to be legalized. Not only Bitcoin, but I heard the Blokchain technology can be used for the future by governments, because Blokchain is a such a kind system, which makes financial and technlogical stuff more easier.Not every trader. Others would want to avoid taxes so they'd rather that the government would not get involved with cryptocurrency affairs. It's possible that on the day that the government decides to legalize bitcoin, they may impose regulations and then put taxes.
Blockchain technology should be used by the government and utilize it to develop a better system for payments within the country. The government may choose to use crypto for the better in order to improve their country.
I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
Where did you get those percentage? 30% increase is way to higher which I doubt it would really be hard to achieve those numbers unless if theres lots of exchangers do reside into that country then it might be possible and also if there are lots of merchants which are engaged into crypto services then it would be an advantage and beneficial for a country but the big question is.They would able to consider such thing?I doubt they wont tend to easily made those decisions.There would really be always an opposition towards to this matter. I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
Yes it's true, government can really earn a lot from imposing taxes in bitcoin earning but how can they do that knowing the fact that bitcoin is decentralized and does not give a transaction details of a particular person? though in some country tax in bitcoin is already implemented the moment they convert some into fiat but how bout to those who does not convert them and just hold them for a long term or just trade them. I think government will really need enough research to impose regulations for bitcoin. I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
It is easier said than done. The government cannot legalise something that they cannot regulate as it might pose a problem to them economically and politically in the future. Bitcoin's nature being decentralised and volatile makes it very difficult for the government to regulate its transactions among users and that is the reason on why some countries prohibit the use of such cryptocurrency. Last thing, if bitcoin were to be regulated and expect prices to be controlled at some point. Investing into cryptocurrency would no longer be different from stocks, bank deposits, gold, etc. in terms of acquiring value.
i strongly believe government will legalise bitcoin since france is pushing for the government and central bank to ddiscuss in international forum comming up in april. government might reach a concensus in that forum
One country that legalises bitcoin does not constitute that every country would legalise it also. If France sees the opportunities provided by cryptocurrencies, then they it might provide economic support to the public. There are still a lot of countries that are yet to legalise bitcoin and that what hinders it from growing and developing further.
I'm totally against legalization by any government. Bitcoin is an enabler for libertarian principles. Once government gets involved Bitcoin is no longer a tool of freedom, it's a tool by governments for control and oppression.
Bitcoin is the legalization itself. Regardless of what governments come up with in an attempt to regulate the market, it has only effect on the centralized aspect of this market. In other words, as long as you avoid these centralized services, you won't be facing any type of governmental control or suppression. On the other hand, I am not that much against legalization, because almost everything that fits in the centralized ecosystem, contributes to Bitcoin's utility, and without that, we probably wouldn't even be able to see this market grow to where it stands in today's world. Those who don't mind using centralized services can continue doing so, and those who prefer to not use centralized services can do so too. It's a choice that you as user can make, which is also a form of freedom in my opinion.
they and so well on it earn only modestly and silently!
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