Topic: Government on legalising bitcoins - page 3. (Read 1402 times)
If bitcoin will be legalized the economic growth of the country will have also increase. In my thought legalizing Bitcoin will improve the economic growth of a certain country. Especially those countries who have a high percentage of poor people. Now The governments are coming step by step closer to legalizing bitcoin. Here is the biggest advantage would be, the government will not ban BTC and people will be free to use it. It may become a great revenue source for the government by imposing taxes. This kind of technology is what we need right now to transact easily everywhere in the world.
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.
This is what everyone one is imposing the governments to do. They do know the benefits and the growth in adapting bitcoin and other crypto currencies. The reason for not taking a step further is to sustain local fiat's value up in the market as this is what the primary element for a government. This is why the banks are against local currencies. This is the reason banks control government not to adapt crypto currencies.
I think the best thing that can happen to any Government is to legalize Bitcoin, the people have chains of income, when this is done the Government can now place tax on the users of bitcoin, believe me you they will pay any tax exacted on them as long as they don't have fear in doing their business.
For some governments, it will take time before they will legalize the cryptocurrency because there are many things to be considered first before allowing it to be use as one of the legal tenders. Their first step might imposing some regulations that aim to check the possible use of bitcoin in illegal means like money laundering or scamming the people.
I absolutely agree with this that it is entirely in the interest of the state, because they can have taxes from this!
Good steps from countries who legalising Bitcoin. When big countries will start accepting Bitcoin on their jurisdiction others will simply fellow.
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.
You'll just discourage people to use bitcoin with that outrageous fee. I envy countries who don't tax bitcoin profits like in Germany and I wish it happen in my own land. Government can still tax us when we use bitcoin to pay things by putting it in oil, goods, and things that we normally purchase.
Government and people are contradicting each other because of Bitcoins high volatility. I personally think 30% tax is too much for the government to ask, considering how volatile Bitcoin is.
I am not against regulation, but what I am afraid of when regulations are being implemented around the globe, is the possibility for the tax being abused.
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.
You'll just discourage people to use bitcoin with that outrageous fee. I envy countries who don't tax bitcoin profits like in Germany and I wish it happen in my own land. Government can still tax us when we use bitcoin to pay things by putting it in oil, goods, and things that we normally purchase.
Most countries are already legalizing bitcoin. If we look it in a good way, legalizing bitcoin would improve a country's economic system because of the large revenue the government may benefit on from imposing tax on it. The sad truth is that, some would still avoid to pay this taxes or if taxes are paid the government officials would just embezzle the money for their own benefit.
Creating a standard regulation/system within a country for bitcoins would not be so simple. There will definitely be arising unfair practices especially within a country with high corruption rate.
Nowadays crypto become more popular day by day. People are aware of crypto and ready to invest in crypto due to its high profit. So the government also now legalizing bitcoin for their people. If bitcoin will be legalized the economic growth of the country will have high growth. Due to this reason many countries now accepted bitcoin as legal. Now few countries legalized bitcoin with some rules to use. In future many countries will be added.
I want to know already many countries banned or illegal in crypto currency from officially.My question is at future there are any chances to newly legalization about bitcoin in those countries?
Some countries choose strategy of banning cryptos and ICOs (i.e. Vietnam) , some try to regulate operations with cryptocurrencies by issuing laws (ban anonymous crypto trading like in Japan, Russia) some other countries see cryptos as prospective form of assets that have a potential to positively influence on the country's economy. Europeans believe in future of bitcoin and other cryptos and encouring investing in this sphere (read more https://blockspoint.com/european-future-is-bitcoin)
To my mind, bitcoin possesses all the futures to be legalized in most of the countries. Moreover, a lot of countries had already launched their own national cryptocurrencies.
If ever the government is going to legalize bitcoin, maybe it will make the bitcoin more known and recognized to the people.
Sure the government will legalizing bitcoin soon, once the economic growth of the country will be rich. Now many countries will accept bitcoin as legal in their country but at the same time few countries would be banned the bitcoin. If one country succeeds in the economic growth means automatically the other countries also consider for the acceptance. Due to its tremendous growth surely bitcoin will be consider as legal by all other countries in future.
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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.
so hopefully the government can immediately legalize bitcoin, because if we think is not free, because in bitcoin sales dikeakan fairly large taxes, so there is no harm if it is immediately legalized.
Many countries are against the regulation of bitcoins on their territory. They are afraid that the operations will be conducted behind their side.
As of now bitcoin is not legal yet but not illegal too here in our country. But our government has talking to cryptocurrency professionals from other country. I think in the near future our government will make bitcoin legal here.
Yes. Governments should legalise bitcoin. Once the it is regularize by the government then it can be taxed. But i do not agree that bitcoin should replaces another country's currency when they can co-exist with each other. Bitcoin should just stay the way it is, and your country's currency should also just stay the way it is. In this way there would be no problem in the way it is used.
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 not so easy that the government can legalize bitcoin because they also do not want to take risks for bitcoin weakness but if bitcoin is improved then the government will re-think to legalize bitcoin.
I read that South Korea imposed taxes on the 10% foreign exchange rate and this in my opinion is correct.
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