Topic: Is it possible that cryptocurrency will be totally accepted by government? (Read 811 times)
November 16, 2017, 08:50:06 AM
For me I think its possible our government is totally accepted someday i can wish for that
November 16, 2017, 04:34:54 AM
I wanna ask if it is really possible that cyptocurrency will be accepted by the Government and will you agree that it will be subjected to tax when that time comes?
We all know that Fiat money is the form of currency that we are using right now, so when the world accepts cryptocurrency as a universal form of currency, then it will be taxed.
We all know that Fiat money is the form of currency that we are using right now, so when the world accepts cryptocurrency as a universal form of currency, then it will be taxed.
It won't be long till the world accept crypto currency and of course the governments. I mean now we see countries actually using them in their trade. So long as a venture is profitable and no one takes offence in it, then the will get to know to accept it. Much like gambling, in the olden days it is frowned upon, but now they build city after city of gambling structure, same goes for marijuana. So long as the government can make a profit from it, it will be accepted
November 10, 2017, 03:41:55 PM
I think It is high time governments all over the world should accept bitcoin. Some countries have already started.
November 10, 2017, 02:33:10 PM
I wanna ask if it is really possible that cyptocurrency will be accepted by the Government and will you agree that it will be subjected to tax when that time comes?
We all know that Fiat money is the form of currency that we are using right now, so when the world accepts cryptocurrency as a universal form of currency, then it will be taxed.
We all know that Fiat money is the form of currency that we are using right now, so when the world accepts cryptocurrency as a universal form of currency, then it will be taxed.
Yes it is possible for the government to fully accept it and if they want a piece of the pie and to tax it they must regulate and accept it. Think about it how can you tax something that is illegal, well you simply cant. Thererfore
they must look at integrate cryptos into tax law and society because if they dont they lose out on an opportunity to tax and we all know governments love their tax dont we
November 10, 2017, 12:48:15 PM
If the cryptocurrency is taxed, how will it differ from fiat?
November 10, 2017, 11:11:30 AM
For me it is not impossible to happen. There are already some countries who started to legalize the use of cryptocurrency. The world is round and we cannot predict what's going to happen next.
November 10, 2017, 11:06:56 AM
I wanna ask if it is really possible that cyptocurrency will be accepted by the Government and will you agree that it will be subjected to tax when that time comes?
We all know that Fiat money is the form of currency that we are using right now, so when the world accepts cryptocurrency as a universal form of currency, then it will be taxed.
Most likely in the future Cryptocurrencies will be accepted. Bitcoin will be known and used throughout the world, and when Bitcoin is implemented as our fiat then taxes will be a bit unstable, as bitcoins price range is drastically changing day by day, every hour and every minute. Paying taxes will be the problem of implementing it as our societys fiat. We all know that Fiat money is the form of currency that we are using right now, so when the world accepts cryptocurrency as a universal form of currency, then it will be taxed.
September 06, 2017, 01:35:31 PM
Yes I think it is possible and I think it is a great idea because it has a possibility that the value of bitcoin will increase if the government support and fund it. Besides there is no illegal activities here in bitcoin, just scamming then the rest are legal.
September 06, 2017, 10:56:01 AM
Cryptocurency is a universal currency, whether the government like it or not bitcoins will still be in treading in your exchange market. So it is to there own advantage to except it as a form of payment in places like the airport and bus terminal. It will boost they economy greatly.
September 06, 2017, 08:53:44 AM
Cryptocurrency is accepted by the government. Attempts are being made to regulate, the introduction into the economy, etc.
September 05, 2017, 02:11:39 PM
I think that's the only viable option, governments will see it's potential to make money out of it, so they will definitely legalize it and find a way to earn taxes out of it.
September 05, 2017, 11:32:52 AM
If they want to tax our crypto transactions and assets, doesn't that mean they will have to
ban all anonymous cryptos (like Monero)? Maybe that's why all these horror stories about cryptos
being used for illegal things are spread about so much by governments. They want to keep
an eye on our assets.
ban all anonymous cryptos (like Monero)? Maybe that's why all these horror stories about cryptos
being used for illegal things are spread about so much by governments. They want to keep
an eye on our assets.
September 05, 2017, 10:51:33 AM
I wanna ask if it is really possible that cyptocurrency will be accepted by the Government and will you agree that it will be subjected to tax when that time comes?
We all know that Fiat money is the form of currency that we are using right now, so when the world accepts cryptocurrency as a universal form of currency, then it will be taxed.
We all know that Fiat money is the form of currency that we are using right now, so when the world accepts cryptocurrency as a universal form of currency, then it will be taxed.
Yeah, I agree that government will find a way to tax bitcoin. Tax and transaction fee would be a big problem for average user so I hope they will leave it alone.
Hopefully they'll leave it alone but of course, for any government to entirely accept cryprocurrencies, they will try to find a way to be in control of it. And the reason why people dig this crypto revolution is because it's decentralized and not controlled by governments and banks.
September 04, 2017, 04:31:23 AM
I wanna ask if it is really possible that cyptocurrency will be accepted by the Government and will you agree that it will be subjected to tax when that time comes?
We all know that Fiat money is the form of currency that we are using right now, so when the world accepts cryptocurrency as a universal form of currency, then it will be taxed.
We all know that Fiat money is the form of currency that we are using right now, so when the world accepts cryptocurrency as a universal form of currency, then it will be taxed.
Yeah, I agree that government will find a way to tax bitcoin. Tax and transaction fee would be a big problem for average user so I hope they will leave it alone.
September 03, 2017, 12:15:21 PM
I wanna ask if it is really possible that cyptocurrency will be accepted by the Government and will you agree that it will be subjected to tax when that time comes?
We all know that Fiat money is the form of currency that we are using right now, so when the world accepts cryptocurrency as a universal form of currency, then it will be taxed.
It's possible to accepted cryptocurrency by govenments of some country beside their already counties that legalized and I know the other countries sees it's potential and benefit them in the future if they will accepted it. In my country, our government already approved the registration of 2 companies that operates bitcoin exchange and hoping that they will continue to recognize the huge potential of bitcoin in the future. I think it will be a huge task for government to put taxes in transactions of bitcoin because they don't have any control on it. We all know that Fiat money is the form of currency that we are using right now, so when the world accepts cryptocurrency as a universal form of currency, then it will be taxed.
September 03, 2017, 11:01:31 AM
As long as governments feel they can control, track, be able to manipulate it to some extent then they will be okay with it. Actual cash in hand to do transactions is being discouraged with reporting requirements and laws because it isn't as effortless to track like debit and credit cards are. Bottom line, anonymous cryptocurrency will be as popular as cash in my opinion, meaning not so popular.
September 03, 2017, 10:45:17 AM
It will be accepted only if the government can control and tax it. Otherwise you will see people ending up in prison for having a bitcoin wallet.
September 03, 2017, 09:01:07 AM
Yes it is possible. If the cryptocurrency will have a continuous positive feedback to the people, the government will put some effort to study it. Actually I read a blog about cryptocurrency, it says that the Russian Government will support the campaign of cryptocurrency.
September 01, 2017, 11:08:05 PM
I wanna ask if it is really possible that cyptocurrency will be accepted by the Government and will you agree that it will be subjected to tax when that time comes?
We all know that Fiat money is the form of currency that we are using right now, so when the world accepts cryptocurrency as a universal form of currency, then it will be taxed.
if paying attention to the development of bitcoin from year to year which is getting better and in demand by most users, it is possible that governments of countries in the world will legalize the use of bitcoin as a legal digital currency.We all know that Fiat money is the form of currency that we are using right now, so when the world accepts cryptocurrency as a universal form of currency, then it will be taxed.
Currently, some countries such as Japan and Singapore use bitcoin as a digital currency, and some other countries are also studying bitcoin and its use in order to be legible in their country and can be used to transact anywhere safely.
September 01, 2017, 09:53:52 PM
Estonia appears to be preparing to launch a national cryptocoin and may do an ICO - they appear to be most advanced government, although others are dabbling. For example, The Bank of Canada ran a pilot in 2016 to test feasibility on interbank transfers. Some governments have joined the Enterprise Ethereum Alliance, such as the Indian state Andhra Pradesh. Many governments are experimenting with blockchains more generally, as the vast opportunities beyond currency are more enticing and less risky to their fiat money systems that serve them so well (for now).
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