How are your governments reacting to Bitcoin? - page 9.

resty

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Quote from: Vinz1992 on January 29, 2018, 01:09:16 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?

Our government are open with this changes, and this seems a good start for their acceptance and future businesses that may arise in my country. They even warned us to watch for this cryptocurrencies as it might bring big losses of money. On the other hand, they stated that we can also earn big profit from it anyway, maybe in investing or whatever technique that is not illegal or violates or law.

Magic Sarap

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Quote from: android17 on March 03, 2018, 10:45:31 AM

Quote from: Vinz1992 on January 29, 2018, 01:09:16 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?

I can say that we are so glad here in the Philippines wherein it is not banned even somehow it is risky. Good thing is that they are just reminding Filipino people to be aware about the stability of Bitcoin for it might bring a big losses if not observed. This was a good start for a good acceptance of our country in this new trend about cryptocurrency.

We are located in same country and I also think we are lucky that we can experience this kind of world because our government does not banned the bitcoin unlike in other counteries.

nguyenlinh4890

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hello i from VietNam, my country dont interdict bitcoin . but goverment want to supervise all exchange !!!

android17

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Quote from: Vinz1992 on January 29, 2018, 01:09:16 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?

I can say that we are so glad here in the Philippines wherein it is not banned even somehow it is risky. Good thing is that they are just reminding Filipino people to be aware about the stability of Bitcoin for it might bring a big losses if not observed. This was a good start for a good acceptance of our country in this new trend about cryptocurrency.

Xzhyte

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It's the same here in our country, the government is open with the use of cryptocurrency but is on the process of analyzing it to make some regulations. The government and media always warning people about the risk of cryptocurrency but not entirely negative about it.

Xester

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Quote from: Cherylstar86 on March 03, 2018, 09:37:56 AM

Quote from: ungongbuotan on March 01, 2018, 03:25:33 AM

I am from Philippines and there is a news that is circulating some time now that our government is adapting or accepting bitcoin. Some says this is bad because government will start to implement some kind of tax laws which will make everything hard for us bitcoin owners. On the other hand some people believe that with this move by the Philippine government, other countries as well might considering to do the same move as they did which would be great for us for bitcoin will start to be accepted and embrace by people.

Same here buddy, I'm from Philippines too. So far our government didn't do such negative discussions about bitcoin. In fact, our national bank here in our country recognized bitcoin which can be accessible through the application coins.ph. The coins.ph application is very convenient to use which we can pay our utility bills like water and electric bill that authorized by our government and many features as our government support bitcoin that makes everyone of us comfortable through their fast, easy and reliable transactions.

Thankful that our country is not against this trend. I likewise saw a news before wherein our central bank accepts or legalized bitcoin. But they warned everyone to atleast be cautious as bitcoin is not regulated by the central bank. When having some investment they said that there is a big risk as they did not back up bitcoin.

belford11

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s well as yours, but invests silently in bitcoin! I think they can not do anything against him!

joshua05

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As for my country that has been really open with this new trend of banking, it isnt just really a trend but a successful piece where you can instantly conclude, bitcoins goin to be very successful through other countries.

Cherylstar86

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Quote from: ungongbuotan on March 01, 2018, 03:25:33 AM

I am from Philippines and there is a news that is circulating some time now that our government is adapting or accepting bitcoin. Some says this is bad because government will start to implement some kind of tax laws which will make everything hard for us bitcoin owners. On the other hand some people believe that with this move by the Philippine government, other countries as well might considering to do the same move as they did which would be great for us for bitcoin will start to be accepted and embrace by people.

Same here buddy, I'm from Philippines too. So far our government didn't do such negative discussions about bitcoin. In fact, our national bank here in our country recognized bitcoin which can be accessible through the application coins.ph. The coins.ph application is very convenient to use which we can pay our utility bills like water and electric bill that authorized by our government and many features as our government support bitcoin that makes everyone of us comfortable through their fast, easy and reliable transactions.

Exte

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There is no reaction at all, there is no criticism or approval. Just waiting for the position of other countries for this situation.

angrygroceries

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Quote from: Vinz1992 on January 29, 2018, 01:09:16 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?

How does your government react to Bitcoin?
I am in Vietnam, my government is too small so their fear of Bitcoin dominating the whole of the financial market is understandable!
And I think that the government of our country to capture the crypto currency market to accelerate the level of wealth and growth of the whole system like VENEZUELA is doing is completely understandable, just how much time it takes. So that the government can understand and do it!
For myself, I will call, support and develop ideas to accelerate and help more people understand crypto currency!

bitbunnny

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In my country there is still some kind of silence when Bitcoin and cryptocurrencies are in question. It seems that both central bank and government are not sure what and how to do with it.
Since I'm from one of european countries I guess they are waiting for some EU directive that will make them to regulate Bitcoin in some way. Only thing they do is to warn from time to time people that investing in cryptocurrencies is risky.

tyas pur

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Quote from: Vinz1992 on January 29, 2018, 01:09:16 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?

Hello! I am from Indonesia. In my country, Bitcoin is still not recognized by the Government and its position is still not legal. I do not understand why the Government still has not legalized Bitcoin in Indonesia. But although it has not been legalized, Bitcoin in Indonesia may still be used for investment assets but should not be used for transaction tools. And I hope the Government immediately legalize Bitcoin so that its users more freedom to use Bitcoin.

SaiWAFU

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Quote from: Vinz1992 on January 29, 2018, 01:09:16 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?

Bitcoin will not be recognized as legal currency because your countru already has one. Bitcoin is just an alternate to fiat money that serves as e-money to do transactions online.
Anyways bitcoin is well accepted here in the Philippines now. Lawmakers are now looking to regulate bitcoin.

http://www.wheninmanila.com/5-things-i-learned-about-bitcoin-and-cryptocurrency/

ungongbuotan

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I am from Philippines and there is a news that is circulating some time now that our government is adapting or accepting bitcoin. Some says this is bad because government will start to implement some kind of tax laws which will make everything hard for us bitcoin owners. On the other hand some people believe that with this move by the Philippine government, other countries as well might considering to do the same move as they did which would be great for us for bitcoin will start to be accepted and embrace by people.

warning_btc

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In my country goverment doing policy, as if cryptocurrencies dont exist.
No restrictions no comments about crypto

jona

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The normal reactions of advising people through the media not to invest in Bitcoin saying it not legal cause it is not approve by the government.

metenjean

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No updates yet from my government in Indonesia since the last time they started to declared bitcoin was illegal but trying to apply blockchain system into the government system. So basically the legality in my country is still in gray area and the last time i heard they also try to implement income tax law for bitcoin transactions just like India trying to do right? However i dont think the law can be implemented soon enough, might take several months or years except bitcoin rise again and spook the whole world Grin

mornabo

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Quote from: supermine on February 26, 2018, 10:38:03 AM

Many governments are afraid of the bitcoin that is the reason many countries are trying to regulate and control its usage.In my country also bitcoin is neither legal nor illegal so we don't have any taxes yet so many people are enjoying profits from crypto currencies.But still many small country governments are not decided what to do with the crypto currency on their country.

today most of the governments in the world mostly haven't chosen to ban or legalize, only a few countries have expressed their choosen by legalizing bitcoin and taxing its users like the US and some governments also ban bitcoin from being used, but most are still neither, including my country so I'm still very free to use bitcoin without rules and taxes

lunnatic

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The government's reaction to bitcoin in my country is too afraid to recognize bitcoin as a safe currency for investments and other transactions. So that the government do not recommend his people to use this currency. They do not at all completely ban bitcoin they just urged people not to use bitcoin because it is not safe and can be used for crime.

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