Topic: Government on legalising bitcoins - page 2. (Read 1402 times)
If in the future Bitcoin is approves to be the same like dollar or any fiat with Bitcoin wallet protected and run by the government, then I am willing to comply with the KYC.
There are many countries who already declared bitcoin s legal. And some countries are planning to do this legal.
Because it can increase the income of government . When bitcoins will be legal in Any country government can impose taxes on that income . It will definitely increase the income of government. And scope of bitcoins is very high
Because it can increase the income of government . When bitcoins will be legal in Any country government can impose taxes on that income . It will definitely increase the income of government. And scope of bitcoins is very high
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.
Indeed! in which there are lot of benefits the a certain government can get if they legalize Bitcoin in earning thru Bitcoin tax is surely a big help. The other wonderful benefit is to reduce the unemployment which is the most common problem of every nation that if unemployment will be reduce then for sure the purchasing power of the people will going to increase making their economy to become more strong and stable.
Bitcoin has been considered a payment currency in some countries like Japan, USA but at a limited level. In the future may be more popular. If Bitcoin and virtual currency are the means of payment of goods, it is only the first step. Viewing Bitcoins and virtual currencies as a payment method is inevitable
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.
But the government will never be able to legalize Bitcoin in the short term. We should give the government more time to learn about Bitcoin and cryptocurrency. After they reach Bitcoin and understand it better. Surely they will accept Bitcoin
I don't think that. The government legalization BTC, the number of transactions will gradually decrease. The majority of countries see BTC as a gambling problem.
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.
The government's legalization of Bitcoin is a great thing for those who are investing in Bitcoin. But with 30% tax, I think it is a huge tax for every Bitcoin transaction. The government should only receive 3% on each transactionI 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.
If the government accepts Bitcoin and imposes a 30% tax on Bitcoin, I will also be happy and pay taxes to the government. I will be allowed to buy and sell Bitcoin publicly, and Bitcoin will be used in public placesI would like to, because some countries are trying to legalize bitcoin by creating electronic money. But many countries fear bitcoin as a concern, they see bitcoin as gambling.
I do not think the countries that are banned from Bitcoin think that Bitcoin is gambling. In fact, they think Bitcoin is volatile, and they can lose their national assets at any time. They also think Bitcoin is a big threat to them
I would like to, because some countries are trying to legalize bitcoin by creating electronic money. But many countries fear bitcoin as a concern, they see bitcoin as gambling.
It is true. in fact the government is difficult to legalize bitcoin to become a usable digital currency and make bitcoin a source of state tax revenue. the decentralized nature of bitcoin makes governments afraid to take policy.
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, the government must now be able to adopt cryptocurrency and legalize it because the income from bitcoin is very helpful for the economy and build the development in the country, then they must improve the technology and regulations to be able to apply the tax on every sale and purchase transaction or trade when the profits of the country can be taken from there 
tax collection will occur when it has legalized by the government and of course this will be one source of government revenue, but unfortunately there are still many countries are still afraid and hesitant so they choose to be neutral,
The regulation is already a bad sign for bitcoin, Bitcoin was attractive for its anonymity and speed of transfers, after the regulation I think we will see the decline of bitcoin.
I am happy because this can help the country to get income from taxes. But it needs regulation about taxes. I hope in the future more countries will accept bitcoin. Because some countries still don't believe in bitcoin, so they want to control bitcoin. Once the bitcoin is authorized, it is necessary to regulate the tax
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.
I agree with you. But, In general, however, the new breakthroughs are usually considered controversial before the benefits are fully understood by the public. The internet is a good case example to illustrate this point.
I also heard of that and saw in an article that some countries wants to legalize bitcoin by creating their own cryptocurrency that will governed by the government therefore taxes maybe imposed to all transactions. I think the root cause of this maybe it was alarming to the banks that in the future all their depositor will only save and transact through bitcoin because currently in bitcoin there are no central or middleman to all transactions so that low fees and penalties are more favorable than the banks.
If a particular country is going to create its own cryptocurrency therefore it will not be called as bitcoin anymore instead it would be altcoin and yes since it is the government who created that crypto then it will be easy for them to monitor the flow of the coin and easy for them aswell to impose taxes on the holders but then again its is not bitcoin and bitcoin holders are still free from taxes and can remain anonymous.
hopefully your thoughts are in line with government thinking including all bitcoin users, because all hope the government in various countries immediately legalize bitcoin, so bitcoin not only used or stored as an asset,
I may be wrong, but I believe in technology, and I think the fight with the government will be great, but in the end the Crypts will be the winners.
This is good if the intention are for the sake of their people but we all know how government rule one country. I think its better to have a detailed law about this that can surely protect investors and the businesses. Legalizing is indeed what we need instead of banning cryptocurrency but hopefully we can see more transparent government regarding on this matter.
Because it does not have a central server and no regulation is regulated, bitcoin transactions can be done at will. Of course as long as you have a bitcoin virtual account or wallet. No taxes will be charged to us, like when transactions through a particular financial institution. Jump to: