How are your governments reacting to Bitcoin? - page 14.

devormity

jr. member

Activity: 83

Merit: 3

Quote from: Vinz1992 on January 29, 2018, 02:09:16 AM

Hello there... I am from India, and Bitcoin is still in the grey area here. It is not legal, but it has not been declared illegal either. But the government has explicitly stated that Bitcoin is not recognized as a legal currency here.

The government is still working on deciding a framework for it, but we have absolutely no idea about what its verdict will be. So, people here are trading in Bitcoin for short-term gains. Make hay while the sun shines!

How are your governments reacting to Bitcoin and what's its position in your country?

If in Germany revealed to ban cryptocurrency including bitcoin, because the type of currency it needs international regulations. This is because national or regional regulations created by individual countries are not strong enough to be implemented.

Referring to Reuters on Tuesday (16/1/2018), member of German Bundesbank, Joachim Wuermeling said, all authority in the world, especially in Asia is currently trying to stop the price of wild bitcoin today which is currently referred to as digital assets. Shocked

Randolf007

jr. member

Activity: 154

Merit: 2

Adonx.one

Quote from: Vinz1992 on January 29, 2018, 02:09:16 AM

Hello there... I am from India, and Bitcoin is still in the grey area here. It is not legal, but it has not been declared illegal either. But the government has explicitly stated that Bitcoin is not recognized as a legal currency here.

The government is still working on deciding a framework for it, but we have absolutely no idea about what its verdict will be. So, people here are trading in Bitcoin for short-term gains. Make hay while the sun shines!

How are your governments reacting to Bitcoin and what's its position in your country?

In my country, bitcoin is still not problematic by the government. but also not carelessly in mined bitcoin. Bitcoin is rarely used in Indonesian society. only certain circles, who understand technology such as young people.

cobeksede

newbie

Activity: 490

Merit: 0

if in my country we are told investment can not be a transaction or buy goods with bitcoin, whether including legal or illegal I was confused there is no certainty but until now still operate not in the block.

nellakarisma

full member

Activity: 582

Merit: 101

I happen to be Indonesian and my government even though I have not officially bitcoin but allow people to invest in bitcoin digital world. it's just that if there is a loss we can not report to the police authorities .

kmrunner

newbie

Activity: 98

Merit: 0

Our government have been quiet with the issue of Bitcoin so far. I don't hear any negative statements about it from the govt.

Oasisman

hero member

Activity: 2590

Merit: 549

Rollbit

Quote from: Vinz1992 on January 29, 2018, 02:09:16 AM

Hello there... I am from India, and Bitcoin is still in the grey area here. It is not legal, but it has not been declared illegal either. But the government has explicitly stated that Bitcoin is not recognized as a legal currency here.

The government is still working on deciding a framework for it, but we have absolutely no idea about what its verdict will be. So, people here are trading in Bitcoin for short-term gains. Make hay while the sun shines!

How are your governments reacting to Bitcoin and what's its position in your country?

In my country, Bitcoin has been already recognized by the government, even the central bank recognized it and consider it as a form of currency. Although there are some of the busines firms and governement controlled agencies accepts Bitcoin paymen, but there are still a lot of people who do not familiarize how bitcoin works and how to use it.

D3F4L7 RAT

member

Activity: 172

Merit: 34

In our government, bitcoin is very welcome, even though a lot of people here think that bitcoin is an scam industry, maybe some, but those are not legit organization, but the media and government here in our country are being sympathize when it comes to the issue of bitcoin.

sidebyside

member

Activity: 245

Merit: 10

The government of my country is making negative decisions. Bitcoin is prohibited. They forbid people to use bitcoin as a form of payment. This is a new policy in my country in 2018. I am really sad and worried

eifer0910

full member

Activity: 237

Merit: 100

our government our still fine with bitcoin so far so good and no issue found that btc will be banned in our country. Well thats a great news for us btc user here philippines and hopin this will continue for long run.

chromosomes

full member

Activity: 294

Merit: 100

In my country, Philippines, it is already introduced to people by news, and there is a law made by the government that it is legal. But for now, there are still few companies who use it as a payment in different transactions. The progress of familiarizing bitcoin with the people here is not that fast, but slowly, more citizens are trying their best to be familiar about it and how does it work in the country: what is the benefits of it and how do we use it more effectively. We need more tume for tge people to know it well because failure in explaining what is bitcoin all about will be not good for a country in terms of knowing crypto currencies.

tekusa

jr. member

Activity: 56

Merit: 2

Indian government has not made its stance on Bitcoin clear yet. They said that they will catch illegal activities related to Bitcoin for sure.

Btcjunpitz18

jr. member

Activity: 160

Merit: 3

Our country has a positive response on bitcoin, to reduce risk of fraud the Securities and Exchange Commission make rules to regulate crytocurrency transactions to protect investors.

Reid

hero member

Activity: 2912

Merit: 642

It would have been better if it will just stay that way.
They wont care about it and we will do our own business.

Problem is when there is money involved they would want to take control of it.
Tax and everything they will input just so they could take some for free.

My country doesnt care yet but it will be when this value grows again.

LadyCoin

full member

Activity: 448

Merit: 100

at this time the government in my country is still learning about the technology used Bitcoin. so Bitcoin is only a commodity item and is forbidden to trade using Bitcoin.

sureshotcoin

newbie

Activity: 129

Merit: 0

india is trying to regulate in one hand and frighten public in other end saying it is Ponzi but Indian govt is positive towards blockchain technology future will say the fate of bitcoin with 1.3 billion population

Palmaper

jr. member

Activity: 170

Merit: 4

In my country the government has reacted in an appropriate way before the emergence of a vigorous economy based on cryptocurrencies. In fact the legislators have been very active in this regard and have already developed laws that promise to be quite tolerant with the use of cryptocurrencies, which make me feel really optimistic.

Rodeo02

hero member

Activity: 1302

Merit: 577

avatar and signature space for rent !!!

Quote from: Sumo on January 30, 2018, 04:12:18 PM

I live in Russia and my country's government is doing all it can to impose a tax on bitcoins and to buy it for ordinary people. I do not agree with all aspects of this law, but for now I can only observe what is happening.

This is disgusting but take this for cause we dont have anything to hold for to fight against on it accept what will government may decision for as long as we have to access bitcoin and been use it for any transaction and also on how we are able to earn.

Krakenproto

newbie

Activity: 33

Merit: 0

Looks like most of the countries mentioned here is like my country. Government is aware of cryptocurrency, but it still holds the distance.
Well I don't expect miracles in 2018 too, because we all now that crypto is still young for a real use. We could see some breakthrough soon though.
I would like cryptocurrency to be legal.

drukoz2

member

Activity: 395

Merit: 10

My country is trying to resolve bitcoin activities on its territory with all its might. There was a ban that residents of my country can invest in ICO no more than 50 000 rubles. I really do not like it, because such obstacles complicate my activities.

Sumo

hero member

Activity: 1098

Merit: 500

I live in Russia and my country's government is doing all it can to impose a tax on bitcoins and to buy it for ordinary people. I do not agree with all aspects of this law, but for now I can only observe what is happening.

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