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Topic: How can my country lose money if I send bitcoins away? - page 2. (Read 1245 times)

hero member
Activity: 812
Merit: 1000
I don't see how one sending his own money (bitcoin or not) to somewhere else would affect the whole country's economy. If you send it anonymously you don't pay the transaction fee and the tax they impose on it but that's not all a country's economy is depended upon.
legendary
Activity: 3458
Merit: 6948
Top Crypto Casino
My man, don't worry.  If your country's economy has even a modicum of robustness, you sending some bitcoin to another country will have no effect whatsoever.  I could mail a check for a million dollars to some poor goat tender in shitcoinistan (assuming I had the money) and it would make no difference whatsoever.  Now, if everyone in my country did the same then there might be a problem.

TL;DR:  You're not that important.  And I don't mean that to offend you.
legendary
Activity: 980
Merit: 1000
How is it bad for my country if I send my bitcoins to another one without telling them? The amount of money in the economy of my country will remain the same, so I don't see how it can be a lost.
i don't know in which country where you are but i think economy in your country will not be affected if you send your bitcoins to another country without telling them i do say like this because i was send bitcoin to people from other country and it would not affect anything
legendary
Activity: 1078
Merit: 1024
It's bad for your country if you start using Bitcoin instead of their fiat money. I suppose you could say the "amount of money" stays the same, but that doesn't make much sense.

People using something that is out of control is scary for any government.
sr. member
Activity: 476
Merit: 252
How is it bad for my country if I send my bitcoins to another one without telling them? The amount of money in the economy of my country will remain the same, so I don't see how it can be a lost.

Well... No. If you send money away there is less in your economy that's obvious!
legendary
Activity: 1232
Merit: 1091
I think it's mainly due to the fact that a lot exchanges that operate in a certain country try use bank accounts in countries with less to no restrictions. If you for example deposit $1000 to an exchange located and operated outside your country, then your fiat has officially left your country after a few working days. I think that's the main worry of certain countries.
sr. member
Activity: 313
Merit: 250
It shouldn't make your country poorer. Its when investment in your country goes down if say you invested a lot in your country, then it would become poorer. GDP shouldn't be affected by this at all.
sr. member
Activity: 378
Merit: 250
I don't think bitcoin is your national currency. Thus your country wouldn't lose money. Bitcoin is international. It belongs to everybody and can't be lost. At least that's what I think.
legendary
Activity: 1218
Merit: 1007
I'm not entirely sure of what you are trying to say.

In essence, no money leaves your country, or at least none of the government-issued fiat money, and as such there is no issue. Using Bitcoin to move money is one of the workarounds for the situation you are describing.

There isn't any reason to tell the government you are transferring money outside of the country, unless it is some sort of law in your country. Unless your country is as poor as can be, there is no issue sending money out of the country (And even then, it is your money, not theirs).
newbie
Activity: 2
Merit: 4
How is it bad for my country if I send my bitcoins to another one without telling them? The amount of money in the economy of my country will remain the same, so I don't see how it can be a lost.
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