Topic: How are your governments reacting to Bitcoin? - page 17. (Read 1527 times)
Namaste! Our government is currently in good terms with crypto, they are not banning it nor supporting it. They are currently neutral as there are investors coming in the country to introduce crypto as a payment from a day job especially for those who are working in a bpo industries where most of their clients are from overseas. But I do hope that they government won't impose tax over the income form crypto locally.
The government of ours not impressed by bitcoin and their reaction is not so good.In 2012 our government has banned bitcoin and created a rule that if anyone caught using bitcoin then he/she will be sent to jail for atleasy 8 month.Actually in our country, some hackers robbed bank and take all money in china and converted into bitcoin.So since it's untraceable our government can't do anything, that's why our government has banned bitcoin permanently.
In my country, Bitcoin is becoming popular in the past year. The number of Bitcoin users and investments in ICO projects is increasing. The government has not made a definitive decision to support Bitcoin, but has banned the use of Bitcoin and cryptocurrency as a means of payment. However, other Bitcoin-related and cryptocurrency-related activities, such as investment, buy and sell, are still in place and they consider Bitcoin as an asset.
ICO is the biggest headache for the many governments because they usually scamming the investors whoever investing on it. Very few are legit that is the fear of investor and government side too. Some of the countries regulated the bitcoin trading and accepting but some are banned the cryptos.
Still many countries does not made the bitcoin the legal or not. So until you can use the bitcoins without any issue.
In my country, Bitcoin is becoming popular in the past year. The number of Bitcoin users and investments in ICO projects is increasing. The government has not made a definitive decision to support Bitcoin, but has banned the use of Bitcoin and cryptocurrency as a means of payment. However, other Bitcoin-related and cryptocurrency-related activities, such as investment, buy and sell, are still in place and they consider Bitcoin as an asset.
It is no surprise that most governments don't know how to treat Bitcoin. Some of them started to treat as a currency and a normal way to pay with but there are also countries which consider Bitcoin as something illegal which the only purpose is money laundering e.g. making selling drugs easier. It looks like my government is confused and doesn't know what cryptocurrencies are. That is why I am afraid that they might ban it. It will make cashing out more difficult.
Not all governments are in favour of bitcoins, some of them are opposing it and taking steps liking blocking accounts suspected of bitcoin business and transactions
there are a few governments which have not banned or taken any measures against bitcoin saying bitcoin isnt legal or illegal
there are a few governments which have not banned or taken any measures against bitcoin saying bitcoin isnt legal or illegal
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?
Yes the indian government has started to take some steps openly against bitcoin after a long time of silence.Main banks have started to block the accounts which they suspect to be used for bitcoin related business.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?
It has created a panic situation among indian investors.They had enjoyed tax free income from bitcoins these much days and those days might remain as a dream for them here after.
But still,it has not been completely announced as illegal as government might have realized that it could not ban bitcoins completely.
Even i am from India . What i understand is they have established a committee here to analyse on its functionality and its technology as well for getting a better picture on its blockchain technology. There are many research centres in India as well for testing this stuff. We would come to know about its legality only in the coming days and may be we may get good news if all goes well.
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?
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?
ohm you mistake governments for bankster cartels, these are overregulated systems, that benefit the few
cryptocurrencies, soon will not have a price, range but a style range.
people will accept only cryptocurrencies that suit their affiliation, not their neverending imprisonment...
regards
Here in our country, there is no strict policy about Bitcoin yet. Our Central bank said that it's not legal but also not illegal. They have warned people about the risks in participating and joining Bitcoin. I think slowly but surely we will adapt to it soon.
Oh bro!!What would I tell you??The government of my country is so much negative in the case of bitcoin.Bitcoin is totally banned here in my country.We cannot use them anywhere inside our country.....If anyone caught using bitcoin will be punished. Though there is no definite law yet for the punishment of the users of bitcoin.
Breaking all the rules,so many people are using bitcoin here in our country.But we cannot use bitcoin directly.We have to change them into fiat and then the bitcoins come in our work.But we are hoping that our government will soon declare bitcoin as legal as he has started to study about bitcoin.
Breaking all the rules,so many people are using bitcoin here in our country.But we cannot use bitcoin directly.We have to change them into fiat and then the bitcoins come in our work.But we are hoping that our government will soon declare bitcoin as legal as he has started to study about bitcoin.
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 Indonesia, the government prohibits transactions using bitcoin and the public is encouraged not to buy bitcoin or altcoin. perhaps the government is concerned that the country's financial stability is disrupted so the government wants to make rules about cryptocurrency. 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?
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?
Our government does not want people to use and participate in Bitcoin, there are a lot of different reasons, but Bitcoin does not harm the economy of the country. Bitcoin gives me investors a lot of benefits. More than the disadvantages, the attention of the authorities to Bitcoin a lot but they can not control Bitcoin. 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 (Indonesia) the government has made new regulations to tighten up, and I am going to issue an issue too. but I hope it will not happen, and just an issue.
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?
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?
Same thing happens here. Most of South Asia-South East Asia national government is still having a negative bias about the cryptocurrency. They often afraid that the crypto will go to negative use of it (well actually it depends on each individuals). But nowadays, the local exchanger market has already increased the security by using KYC.
But the redline of it, as long as the crypto was not used on the local fiat market it's totally fine, but as usual to keep it on our risk.
At the same place I live, the government has not officially announced
But I want the bitcoin to have a place in my country, it will be very helpful.
But I want the bitcoin to have a place in my country, it will be very helpful.
hi .. ak also from indonesia it's a few weeks ago a lot of issues about ban bitcoin in my country but now everything is clear if bitcoin should not be used as a means of payment but if bitcoin just made as an asset my country does not prohibit
I'm in a country where nobody really cares what you do th make money because of the high rate of corruption and poverty so my government don't care about bitcoin.
In the EU it looks like they just want to identify all holders of crypto so they can tax them to death. Tax for holding crypto, tax for trading one crypto to another, tax tax tax.
While doing the taxes they however dont recognice it as currency or give any tax breaks etc. Also they only seem to worry about criminal use like its the only thing it was designed for.
While doing the taxes they however dont recognice it as currency or give any tax breaks etc. Also they only seem to worry about criminal use like its the only thing it was designed for.
Great! They are even encouraging it.
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