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Topic: Government on legalising bitcoins - page 7. (Read 1402 times)

hero member
Activity: 574
Merit: 503
April 20, 2018, 04:44:54 AM
The use of bitcoin in some countries has reached a very high percentage. In Japan the use of digital currency has a transaction amount of 50%. This percentage rate is very high when compared with the percentage in the United States which only reached 25%. Due to very high interest, the Japanese government officially legalized bitcoin as a legal currency in digital transactions.
full member
Activity: 546
Merit: 101
★Bitvest.io★ Play Plinko or Invest!
April 20, 2018, 04:38:42 AM
Basically, it can indeed advance a country in terms of economic development I guess, if indeed it's acceptable which can be able to deepen it from all that's related to cryptocurrency. It depends on each government's response to all things related to bitcoin and how to act on it to make it a way of progress for a country without risk. In essence., this is how about to direct it from the governments of each country I guess.
sr. member
Activity: 966
Merit: 275
April 20, 2018, 02:51:59 AM
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.

Actually, there are lots of countries where Bitcoin is legal, here are some; Australia, Belgium, Brazil, Canada, Colombia, Croatia, Czech Republic, Cyprus, Denmark, France, Germany, Hong Kong, Israel, Italy, Japan, Ukraine, New Zealand, Norway, Poland, Singapore, Slovenia, South Korea, Spain, Switzerland, Sweden, Turkey, United Kingdom, United States etc. Currently, Bitcoin is legal in all the 52 states in the US, although each state has their own policies. However, I don't know if all those states, as well as the government of those countries, are imposing taxes on Bitcoin... 30% or more than that I have no idea.



 
newbie
Activity: 196
Merit: 0
April 19, 2018, 06:12:31 AM
Legalizing bitcoins in our country is a good idea.Why? So that bitcoin won't vanish one day and remains forever as medium of change to be used in our society. And we can continue using it as our investment for our future and could be other way of saving money.I believe when it is legalize it become taxable and taxes are used by the government to create projects which are vital for the good of our fellowmen.
full member
Activity: 392
Merit: 101
April 16, 2018, 04:28:02 PM
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.
About 30% this you of course exaggerate. I think the most optimal interest rate on taxes will be 13%.
member
Activity: 294
Merit: 12
April 15, 2018, 06:20:37 AM
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.
wait a while, why there are still some countries that are banning bitcoin in because bitcoin can also damage their own currency, and bitcoin will increase the crime rate to the internet in that country. maybe that's a consideration
full member
Activity: 364
Merit: 106
April 14, 2018, 04:24:03 AM
My government decide to forbid bitcoin because they want to protect my people from corruptor and drug dealer , our main enemy until now.
It's become their advantage because bitcoin transaction more difficult to track down compare fiat.

For other reason, bitcoin cause inflation because our currency are weak against dollar and bitcoin are dollar based investment !
It is sad to know that the mind set of some government leaders is not inclined to improvement because bitcoin is a great connection to the world if you're people mostly use bitcoins and they  earn out  of it isn't bad for the economy instead it boasts your economy.
The problem is, you're thinking about yourself. Of course you benefit from using bitcoin as we all do. But the government thinks in other categories. They cannot control the turnover of cryptocurrencies and therefore they may have problems with the economy of the whole country. This is a great responsibility and no one will make controversial decisions.
full member
Activity: 490
Merit: 107
April 13, 2018, 10:31:01 AM
My government decide to forbid bitcoin because they want to protect my people from corruptor and drug dealer , our main enemy until now.
It's become their advantage because bitcoin transaction more difficult to track down compare fiat.

For other reason, bitcoin cause inflation because our currency are weak against dollar and bitcoin are dollar based investment !
It is sad to know that the mind set of some government leaders is not inclined to improvement because bitcoin is a great connection to the world if you're people mostly use bitcoins and they  earn out  of it isn't bad for the economy instead it boasts your economy.
legendary
Activity: 2030
Merit: 1028
April 13, 2018, 09:02:08 AM
My government decide to forbid bitcoin because they want to protect my people from corruptor and drug dealer , our main enemy until now.
It's become their advantage because bitcoin transaction more difficult to track down compare fiat.

For other reason, bitcoin cause inflation because our currency are weak against dollar and bitcoin are dollar based investment !
member
Activity: 490
Merit: 28
April 13, 2018, 08:40:17 AM
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.
Because through legalization they think that bitcoin can manipulate them and have tax, they want to be legalized all profit for their people from cryptocurrencies into fiat in order to controlled and to have a taxed on it. Some countries now are starting controlling bitcoin to their place, but most of them are failed in implementing the law of bitcoin because we all know that bitcoin is decentralized and can control this.
That's why some are banning and some disable exchange site and banks account that related to bitcoin.
I do not see examples of the government to fail in the regulation of the cryptocurrency market. At the moment, the bitcoin community is slowly being defeated. Why? Because all exchanges are already required to provide documents in order to open the account. This contradicts the idea of bitcoin. And this, in my opinion, is a significant surrender of our interests.
In any means the government trying to imposed  any regulatory  measures to crypto currency because they want controls or eventually imposed taxes too. But  still  I think it would take some pros and cons debate before  they can have  a law that can regulate Bitcoin because bitcoin is brilliantly design to elude government control.
sr. member
Activity: 406
Merit: 256
April 12, 2018, 01:01:40 PM
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.
Because through legalization they think that bitcoin can manipulate them and have tax, they want to be legalized all profit for their people from cryptocurrencies into fiat in order to controlled and to have a taxed on it. Some countries now are starting controlling bitcoin to their place, but most of them are failed in implementing the law of bitcoin because we all know that bitcoin is decentralized and can control this.
That's why some are banning and some disable exchange site and banks account that related to bitcoin.
I do not see examples of the government to fail in the regulation of the cryptocurrency market. At the moment, the bitcoin community is slowly being defeated. Why? Because all exchanges are already required to provide documents in order to open the account. This contradicts the idea of bitcoin. And this, in my opinion, is a significant surrender of our interests.
member
Activity: 322
Merit: 23
April 12, 2018, 09:59:52 AM
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.
Because through legalization they think that bitcoin can manipulate them and have tax, they want to be legalized all profit for their people from cryptocurrencies into fiat in order to controlled and to have a taxed on it. Some countries now are starting controlling bitcoin to their place, but most of them are failed in implementing the law of bitcoin because we all know that bitcoin is decentralized and can control this.
That's why some are banning and some disable exchange site and banks account that related to bitcoin.
full member
Activity: 826
Merit: 111
April 12, 2018, 09:47:05 AM
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.
sr. member
Activity: 2422
Merit: 357
April 12, 2018, 08:54:21 AM
#99
Actually, there are a lot more countries legalizing bitcoin now because of its tax. Its a great help for the country and also for its people. Time by time, we have been informed that more and more countries has been adopted to bitcoin and develop it. If more countries look forward unto it then our dream will be come true.
newbie
Activity: 63
Merit: 0
April 12, 2018, 04:15:41 AM
#98

I think you if the BTC recruitment, BTC sẽ phải ổn định, chắc chắn rằng nó khó mà có giá trị cao. It was too fartered when it now, the main Phủ will not checkable
sr. member
Activity: 602
Merit: 265
April 12, 2018, 03:51:05 AM
#97
Bitcoin is not illegal, at least not yet in most countries. The countries that have been banned it, have not come out to say explicitly that bitcoin and crytpocurrencies are illegal. The issue for most governments is on how to regulate it, to fit the existing structure of the financial sector. This is new for them, so until they fully understand how it can work well, it will still be banned in those countries, and in the countries where it is not, there will still be market volatility due to uncertainty of what could happen next.
full member
Activity: 759
Merit: 105
April 11, 2018, 06:20:11 PM
#96
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 wish this should happen soon. Lots of good things would happen when adapted. An authority seriously has to look at its benefits. Country's economic system would grow, citizen's lifestyle would get changed when they each work with crypto currency and employment would increase in the respected country. Wish and hope every government would legalize bitcoins and other crypto currencies.
What do you expect the government to legalize bitcoin? Do you hope that bitcoin will be accepted for payment in any store? I am 100% sure this will not happen even after legalization. The maximum that the government will permit it is legal to exchange bitcoin for Fiat money after taxes. Do you need such changes? We need to learn how to use bitcoins regardless of government.
I agree with your point since bitcoin and all crypto currencies are against the centralized systems of the bank. Well if the government legalize it then i think there must be some kind of regulations so that they could take part of it due to its decentralized systems.
full member
Activity: 798
Merit: 109
https://bmy.guide
April 11, 2018, 03:30:46 PM
#95
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.
Legalization of the crypto currency in many countries is already in full swing. Simply, this process is not so quick to bring an instant result. This is due to the long study of the phenomenon of crypto-currency, the preparation of relevant draft laws, their introduction into the relevant legislative body of the country and its adoption. This all stretches for years.
It's good to hear legalization bitcoin in the country than other country refused bitcoin and they are going to ban.
How sad it is, but they have nothing can do with some people still adopting bitcoin it because of the being assets of bitcoin that profitable.

Yes, you are right it takes a long time of process before we conclude that country is legalizing bitcoin, unlawful of bitcoin is make people happy but I'm sure there's a regulating happen on between bitcoin and government this is needed for people's safety from any dark interest of bitcoin.
full member
Activity: 1316
Merit: 108
April 11, 2018, 02:41:43 PM
#94
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.
Legalization of the crypto currency in many countries is already in full swing. Simply, this process is not so quick to bring an instant result. This is due to the long study of the phenomenon of crypto-currency, the preparation of relevant draft laws, their introduction into the relevant legislative body of the country and its adoption. This all stretches for years.
sr. member
Activity: 441
Merit: 250
March 27, 2018, 11:01:37 AM
#93
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.
Yeah you are right to a certain extent but if we think for ourselves...won't it be a loss for us?!!

I mean why would we pay taxes on our hard earned income in which government has no role to play. But governments have their own perspective relating to this matter. They do not see any benefit in legalizing the bitcoin.

Also we do not get any benefits from legalizing bitcoin. And development that you are talking about is not possible until government are ready to leave their corrupt practices.
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