Topic: is there any economic effect for the country or bitcoin users - page 2. (Read 2399 times)
As a bitcoin user being in a country where its yet to be legalize bitcoin, have benefited much out of bitcoin and other crypto currencies earnings. Yes, it has lot supported me clear my financial issues. As like me, i am sure there are so many who have enhanced and enriched their lives with bitcoin earnings. If a citizen is becoming wealthy, obviously the country has to send less energy for the citizen. i
I haven't checked each country but I'm assuming that the effect is not large since bitcoin is still not widely adopted in those countries, at least not in open (for example people use it in Venezuela despite the ban).
True, fiat and bank secrecy does better at funding terrorism, especially state-sponsored terrorism. Really interesting that it's banned in Venezuela and North Korea whose citizens could best benefit from bitcoins coz of the sanctions on the country.
That's not a new scenario in the world of crypto since some country is banning crypto and recently, France. On the other hand, South Korea bans crypto markets for tax evasion. To sum it up, these countries are afraid that cryptos can cripple their economic growth and can be use against them as cryptos can be used to fund terrorism and another illicit acts.
They are afraid about the former not the latter, they are going to use the excuse of crime to make people do as they wish the same way they have done for years, but the real reason is they are afraid that people will one day wake up and realize the scam economy in which they live, where the rich get richer by doing nothing while they have to waste their lives just to earn a few dollars.True, fiat and bank secrecy does better at funding terrorism, especially state-sponsored terrorism. Really interesting that it's banned in Venezuela and North Korea whose citizens could best benefit from bitcoins coz of the sanctions on the country.
I would say no. To have some official effect on economy of certain country it should be regulated there and formaly part of economic system. So far that isn't the case so the effect could be only on personal level, maybe to improve their personal finances.
On the other hand governments and central banks are still afraid of possible illegal activities connected to Bitcoin and cryptocurrencies in general as well as their volatility and unstable nature so I don't think that so soon cryptocurrencies will become fornal part of economies.
On the other hand governments and central banks are still afraid of possible illegal activities connected to Bitcoin and cryptocurrencies in general as well as their volatility and unstable nature so I don't think that so soon cryptocurrencies will become fornal part of economies.
Well some countries are afraid of the freedom bitcoin and other cryptocurrencies offers it users and they think by allowing crypto to thrive it may allowed for easy money lundary which may have negative effects on the economy of those countries and at that the government sees cryptocurrency as a threat to it economy. But apart from this superstition believe I believe the digital currency if allowed will help the bust the economy.
Maybe the country that prohibits the use of bitcoin has the idea that bitcoin can be a threat to their economy, especially it can cause the country's official money not to be attracted by its citizens because if bitcoin is accepted in the country then its citizens will switch to using bitcoin and leave their country's official money to make various transactions. Maybe the effect on the economy is not so significant, but in my opinion, if the ban really has been carefully considered by the government of a country then they already know the risks going forward. that way, inevitably the citizens must obey the regulations issued by the government of their country.
Most people might think that Bitcoin is a funny experiment with digital cash purchasing things online . Countries in financial crisis often tighten the financial situations by imposing capital controls on the people by even stopping them doing their basic things as taking cash from the banks then Bitcoin can be useful for this type of economy . When the global countries plunged into recession people lost their faith in fiat currency then Bitcoin has taken advantage in fiat currency..Bitcoin is a digital decentralized currency and so has no controlling authorities in the transaction of Bitcoin .. In this type of economy were people feels distrustful of banks and government, Bitcoin will be useful for the economy .
There's a economic effects in any country or Bitcoin users in a different ways like participating in any projects that they can work for to earn money. And in some countries like in mine they are now accepting bitcoin payments in some establishments that can really give a chance to some people to make a transaction so easy.
now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?
bitcoin does not have a big influence on the economy of a country, but if there are countries that support and provide facilities to bitcoin users, that would be an added value for the country, one example is the increase in tourists who are comfortable with crypto trading, automatically providing more income foreign exchange. but if the country rejects bitcoin, there is no influence on that country.yeah I think that also, if there is a regulation from the government, of course the role of bitcoin will be much greater for economy
now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?
bitcoin does not have a big influence on the economy of a country, but if there are countries that support and provide facilities to bitcoin users, that would be an added value for the country, one example is the increase in tourists who are comfortable with crypto trading, automatically providing more income foreign exchange. but if the country rejects bitcoin, there is no influence on that country.
Countries that put ban on Bitcoin miss out the economic opportunities it offers. Bitcoin and cryptocurrency related activities have the potential to raise the economic status of a country because it offers job and investment opportunities to the people. Bitcoin mining, exchange developing etc are some of the job opportunities the people can have access to if Bitcoin is legalized in a country.
now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?
The government see bitcoin as a problem in the economy, but the truth is the government don't want bitcoin users to earn money without paying any taxes and they cannot control bitcoin and blockchain technology because it is decentralized, that is why they chose to banned bitcoin.Some govt's maybe especially if they are greedy and corrupt but not all because there are still govt's that are supporting crypto because they see the potential of it . they see that crypto can also help their country mens to make their life more easier and also to provide more oppurtunity . bitcoin or bitcoin users do really have an effect to the economy of a country .
I don't find anything getting disturbed just through the ban of bitcoin as well other cryptocurrencies. From my personal view on the economic suffering of countries, bitcoin analysts who are good enough understanding the goodness of bitcoin have suggested countries like Zimbabwe to adopt bitcoin which will help in overcoming the economic collapse. In this way it'll have some impact positive side when adopted and nothing happens if they didn't adopt it.
now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?
The government see bitcoin as a problem in the economy, but the truth is the government don't want bitcoin users to earn money without paying any taxes and they cannot control bitcoin and blockchain technology because it is decentralized, that is why they chose to banned bitcoin.
To the country I dont think so but to adopters of course yes. There are people who do not have other regular jobs but they only depend in cryptocurrency and if bitcoin will be prohibited in their country if will affect greatly to their personal lives economically. From what I've noticed, bitcoin and cryptocurrency in general have saved a lot of jobless individuals and have given them big financial breakthrough.
now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?
The government see bitcoin as a problem in the economy, but the truth is the government don't want bitcoin users to earn money without paying any taxes and they cannot control bitcoin and blockchain technology because it is decentralized, that is why they chose to banned bitcoin. 
now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?
A lot of countries had alrady banned bitcoin because of the false news in social media saying that bitcoin is scam or a fraud, that is why they see that bitcoin is bad for the economy. But they are wrong because bitcoin had helped a lot of people who don't have any source of income, so bitcoin can help to improve the economy by reducing unemployed people.
Some times there will be a ban from the government that creates a panic to the Bitcoin users this brings negativeness to the people and will effect the economy the government or banks have no interference with Bitcoin transactions so there is no manipulation by politicians or others the potential of Bitcoin is that money can be sent internationally by the workers to their home without much fee and fast to their homes .
December 28, 2018, 01:53:01 PM
now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?
maybe for the country there is no effect because what I know is that crypto eyes have not yet been able to influence the economy of the country December 28, 2018, 10:59:41 AM
Yes, Bitcoin can affect on the economic development in any country. Bitcoin is not centralized coin. Being a decentralized coin, user can use their sweet well and government cannot control the transaction. By this method black money can be transferred. For this reason, some government mark Bitcoin as a illegal currency.
December 28, 2018, 10:39:46 AM
of course there will be an effect, though a little, because transactions in our country are still very low compared to Bitcoin transactions in the world, especially when compared to the volume of Bitcoin transactions in Japan, South Korea and China.
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