Legalizing Bitcoin - page 11. | Bitcointalksearch.org

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Quote from: Netnox on December 09, 2017, 05:40:46 AM

Regulation can be a gift, as long as the users are not harassed by the government authorities. There are some countries where Bitcoin is banned (such as Nepal, Bangladesh and Kyrgyzstan). I would say that regulation is better than an outright ban. But still, if regulation means discouraging the use and harassing the users, then I am against it.

It is really a huge favor and it is really helping them and the economy as far as I am concerned.
Most people are able to make transactions outside, bet money to flow in the form of bitcoin and in that case even with the help of the exchanges, allow them to strengthen their own system. There is a lot to gain from it both by the government and the citizens and some are just still blind to see it.

Netnox

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Quote from: Tegin92 on December 09, 2017, 05:31:23 AM

some countries are beginning to view Bitcoin and digital currencies with different perspectives, and try to enforce the rules of the digital currency. Regularly its regulation is not the cause that is supported by all parties. But in the case of Bitcoin, regulation is a gift. Bitcoin regulation is something that is supported by the Bitcoin community around the world.

Regulation can be a gift, as long as the users are not harassed by the government authorities. There are some countries where Bitcoin is banned (such as Nepal, Bangladesh and Kyrgyzstan). I would say that regulation is better than an outright ban. But still, if regulation means discouraging the use and harassing the users, then I am against it.

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some countries are beginning to view Bitcoin and digital currencies with different perspectives, and try to enforce the rules of the digital currency. Regularly its regulation is not the cause that is supported by all parties. But in the case of Bitcoin, regulation is a gift. Bitcoin regulation is something that is supported by the Bitcoin community around the world.

LJack

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Bitcoin is now used in correlation with a lot of new tokens and if it gets legalized the convertion to fiat money will be way easier. For me more countries should look to do that quicker

perfect999

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Quote from: Qartersa on November 13, 2017, 02:02:37 AM

I think legalizing Bitcoin is unique in every State or country of jurisdiction. Its process varies. But one thing is for sure, it is more complex than it was imagined. Why? It is because Bitcoin (or other cryptocurrencies alike) came to existence whereby it totally changes the fiat system. It does away with the norm as regards regular banks, government back ups, among others. In short, it is a class of its own. Moreover, it changes over time because day by day there are new developments that come with it making governments unable to come up or foresee substantial changes. To legalize it would be tantamount to carrying the burden of studying it and carefully foreseeing how it is going to be in the next days, weeks, months, or so.

I am sure this is where the bone of contention has always been as so many people will be looking for opportunity to invade tax. However, there is just no way can fiats be discarded and with the use of exchanges, the government can easily control the income tax issue without stress.

However, if anyone decides to do a P2P transaction to purchase some things, remember, tax with still at some point come to effect.

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Quote from: shamzblueworld on October 28, 2017, 01:43:44 PM

So in the most countries, bitcoin is neither declared legal or illegal. In some it is declared illegal and some are actually allowing it and also promoting their own alts.
So what would a government needs to do to regulate bitcoin in the country? And how can a government actually benefit from legalizing bitcoin in the country? How can it actually support the economic system of the country.

When you say to legalize bitcoin then the government should implement laws on how to manage and take taxes in bitcoin investments. Then again there should be penalties to those people with bitcoin who would not pay taxes in their earnings. So asking you back, would you prefer the government to interfere in out bitcoin community or let it be as what we have now, a free and taxfree earners in bitcoin?

Kiweikoo

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Quote from: Ajinomoto40 on December 07, 2017, 07:50:44 AM

Quote from: shamzblueworld on October 28, 2017, 01:43:44 PM

So in the most countries, bitcoin is neither declared legal or illegal. In some it is declared illegal and some are actually allowing it and also promoting their own alts.
So what would a government needs to do to regulate bitcoin in the country? And how can a government actually benefit from legalizing bitcoin in the country? How can it actually support the economic system of the country.

There are some few countries that has banned bitcoin. Having this fact makes it more difficult to have all the countries in the world to legalize bitcoin. Also, bitcoin is being used for some illegal transactions which convinces some countries not to legalize bitcoin knowing that it might just harm their nation. Amidst all of these reasons, I still believe that as innovations keep on going, the benefits all bitcoin would be enough to convince the world to legalize it.

The countries who have banned the bitcoin will suffer with the economic crisis in the future because bitcoin will be accepted by the every nation except them and this thing will distort their image as well and the countries who have legalized bitcoin in their region will enjoy the good economic health as well as their region will be more progressive and developed and any region which will deny the bitcoin will regret in future.

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Quote from: snedyolo on December 08, 2017, 07:12:05 AM

Quote from: shamzblueworld on October 28, 2017, 01:43:44 PM

So in the most countries, bitcoin is neither declared legal or illegal. In some it is declared illegal and some are actually allowing it and also promoting their own alts.
So what would a government needs to do to regulate bitcoin in the country? And how can a government actually benefit from legalizing bitcoin in the country? How can it actually support the economic system of the country.

It would be really nice if bitcoin was to be legalized because it would be really popular, and it will also give the people a sense of security that bitcoin is not really illegal and good source of income. The fact that other people usually don't trust bitcoin that much because it's not legal will change.

Legalizing it means Government will have a control over it, which is quite impossible since bitcoin is decentralized and anonymous, maybe just an awareness that btc exist will be fine but putting taxes is a no no.

snedyolo

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Quote from: shamzblueworld on October 28, 2017, 01:43:44 PM

So in the most countries, bitcoin is neither declared legal or illegal. In some it is declared illegal and some are actually allowing it and also promoting their own alts.
So what would a government needs to do to regulate bitcoin in the country? And how can a government actually benefit from legalizing bitcoin in the country? How can it actually support the economic system of the country.

It would be really nice if bitcoin was to be legalized because it would be really popular, and it will also give the people a sense of security that bitcoin is not really illegal and good source of income. The fact that other people usually don't trust bitcoin that much because it's not legal will change.

deppil

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Quote from: robotrobert on December 06, 2017, 06:13:37 AM

Quote from: streazight on December 03, 2017, 10:41:54 AM

Quote from: marsmyname on December 01, 2017, 06:17:36 AM

If bitcoin system will be implement and soon this will happen taxation will be easy and many of people are saying that its anonymity will give problem to the government so their maybe a check on the transactions and this will really help to solve out this concern and more of it the governments who had accepted btc now they are doing progressive works in their regions and btc is best way to development.

Taxation will only be done when it comes to conversion into fiats and which would be regulated mostly on exchanges definitely.

Bitcoin serves as a capital gain in most countries and that is already being taxed. Fiats will still be in existence as obviously not the whole citizen of every country will be making use of the coin at least for now, and at some point, fiats will still be very relevant which would make government benefit a lot as well.

Legalization will bring stability to the prices as well because few people are using bitcoin now and when the community will grow stronger then there will be much more rise in the prices and will move to some stable values and since a lot of countries has accepted it and they are also wanting that more region get familiar to bitcoin and this coin can come to rule the world and whole world will use it and that will be more benefiting.

if bitcoin is true in legalized in different countries it may be bitcoin price will be stable. because of course everyone in different countries is not afraid anymore to use bitcoin. so from that it makes the bitcoin marketcap very large and makes the bitcoin price stable.

fullhdpixel

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Quote from: yanesna3 on December 06, 2017, 02:29:30 PM

I believe that bitcoin should be allowed in all countries, but to control the conduct of the ICO. Many countries are good at crypto currency, but due to the fact that there is no control over the collection of funds, scammers benefit.

I am also strongly in favor of making bitcoin legal throughout the world because it is the solution of unemployment for many people who are living a life of desperation just because of holding degrees but living a life poverty. Bitcoin is an amazing invention and it has changed the life of many people around the globe. Many states have made it legalized and they are doing great with this currency. I am pretty much in favor of its legalization.

BarbieCasino

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Quote from: AMHURSICKUS on December 07, 2017, 02:20:30 AM

Legalizing bitcoin is one of the topic that all bitcoiners ask. Legalizing bitcoin can contribute bad and good effect in our economy, so it takes long time to approved it, some countries are legalizing it some are not. In my own opinion, i am favor in legalizing bitcoin ,but before it happen we need to accept it.

I think of legalization of bitcoin as the most beneficial thing not only for the ones who are investing in bitcoin but also for the common people along with the government. It will remove all the doubts which most of us are having in our minds sue to which we are not getting into bitcoin. In addition to this, it will also help the government to make the economic condition of their country better.

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Quote from: AMHURSICKUS on December 07, 2017, 02:20:30 AM

Legalizing bitcoin is one of the topic that all bitcoiners ask. Legalizing bitcoin can contribute bad and good effect in our economy, so it takes long time to approved it, some countries are legalizing it some are not. In my own opinion, i am favor in legalizing bitcoin ,but before it happen we need to accept it.

Legalizing the bitcoin is a really a good move, can list out a lot of advantages by the legalising the bitcoin. Firstly it improves the economy of the country as once it is legalised it comes under taxation, which gives a good income to the government. Already few countries legalised it, remaining countries should think about legalising the bitcoin.

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Quote from: shamzblueworld on October 28, 2017, 01:43:44 PM

So in the most countries, bitcoin is neither declared legal or illegal. In some it is declared illegal and some are actually allowing it and also promoting their own alts.
So what would a government needs to do to regulate bitcoin in the country? And how can a government actually benefit from legalizing bitcoin in the country? How can it actually support the economic system of the country.

There are some few countries that has banned bitcoin. Having this fact makes it more difficult to have all the countries in the world to legalize bitcoin. Also, bitcoin is being used for some illegal transactions which convinces some countries not to legalize bitcoin knowing that it might just harm their nation. Amidst all of these reasons, I still believe that as innovations keep on going, the benefits all bitcoin would be enough to convince the world to legalize it.

Alaissa Ganda

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Quote from: shamzblueworld on October 28, 2017, 01:43:44 PM

So in the most countries, bitcoin is neither declared legal or illegal. In some it is declared illegal and some are actually allowing it and also promoting their own alts.
So what would a government needs to do to regulate bitcoin in the country? And how can a government actually benefit from legalizing bitcoin in the country? How can it actually support the economic system of the country.

Bitcoins is legal in our country because we can use it freely without any harm from the authority. But know ut is becoming a threat to the Government and also the banks especially our main bank that the government holds. They do not know how bitcoins work so they think that it is a scam and they are spreading the wrong ises about it for the people to not be involve in this because if all the people are gonna use bitcoins instead the monetary uniy of a country the government will fall because bitcoins do no have taxes because it is an independent currency.

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Quote from: shamzblueworld on October 28, 2017, 01:43:44 PM

So in the most countries, bitcoin is neither declared legal or illegal. In some it is declared illegal and some are actually allowing it and also promoting their own alts.
So what would a government needs to do to regulate bitcoin in the country? And how can a government actually benefit from legalizing bitcoin in the country? How can it actually support the economic system of the country.

Honestly, legalizing bitcoin for me would be a terrific idea. This would promote bitcoin itself to the world and for people to know and have the idea about bitcoin better. In addition, not only that it helps people earn a lot, it can also boost an economy of a specific country because of it's really high value when it's volatility hits right.

obinine

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Quote from: Visbay on December 03, 2017, 03:30:06 AM

Quote from: usorin on December 02, 2017, 09:22:36 AM

Quote from: shamzblueworld on October 28, 2017, 01:43:44 PM

So in the most countries, bitcoin is neither declared legal or illegal. In some it is declared illegal and some are actually allowing it and also promoting their own alts.
So what would a government needs to do to regulate bitcoin in the country? And how can a government actually benefit from legalizing bitcoin in the country? How can it actually support the economic system of the country.

I think that Governments are not in the situation to take a lot of expensive measures to legalise Bitcoin, but the problem is, like in the oil industry, there are the big banks who rules the economic space of a country and they always have something to say, it is just a question of Bank profits.

Yes I agree with you I think bitcoin must be legalized in all over the world because those countries where bitcoin is legal so all the banks they are going to accept bitcoin and its transitions are also very fast that’s why in Europe bitcoin is going to come in newspaper as well so I wish that bitcoin will become legal everywhere because it’s a life changing currency and we want to use bitcoin any time any place and I’m very thank full to bitcoin for helping me.

the legalization of the bitcoin is very good for the bitcoin, it is very good if it is legal in our country so that we can make trade and make investment in it. ifbitcoin became the legal currency it will brought a high change in world which will affect the people of the country.

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Quote from: AMHURSICKUS on December 07, 2017, 02:20:30 AM

Legalizing bitcoin is one of the topic that all bitcoiners ask. Legalizing bitcoin can contribute bad and good effect in our economy, so it takes long time to approved it, some countries are legalizing it some are not. In my own opinion, i am favor in legalizing bitcoin ,but before it happen we need to accept it.

That's right there are good and bad effect when you legalize bitcoin like for example when the government legalized it more people will have an idea about bitcoin like thinking of bitcoin like a scam will be erase and they will surely getting interested about going to it. The bad side of it is when the government will implement and add tax on it then the result of that we small time holders will shoulder that move. So the best thing to do is just enjoy the bitcoin right now because no one knows when is the time it will end.

AMHURSICKUS

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Legalizing bitcoin is one of the topic that all bitcoiners ask. Legalizing bitcoin can contribute bad and good effect in our economy, so it takes long time to approved it, some countries are legalizing it some are not. In my own opinion, i am favor in legalizing bitcoin ,but before it happen we need to accept it.

jpoker272727

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Quote from: naidray on December 06, 2017, 08:51:53 AM

Quote from: guoyu78 on November 30, 2017, 07:53:32 AM

Quote from: yusupjatigumilar on November 27, 2017, 08:49:45 AM

The issue of bitcoin legality that I think will be quite difficult because in some countries fear bitcoin can weaken the value of their country's currency and will make a monetary crisis. I think bitcoin is better to be a commodity as it is today.

Wise government who are sincere to give their citizens a better earning chance they never see any trouble in bitcoin and that’s true those who are negative thinkers they see the negativity's which never exist being neutral, bitcoin is the best chance to get development in the country and to raise the economy points and bitcoin promises to give profit and all these thing attracts the good governments that’s why they legalize.

The issue now is that most governments are selfish and they really care much about their pockets and the way they have been doing things than they care about the citizens. Like you said, governments who really have their citizens in mind will really not be bothered that much and they will only advise the citizens to just be careful most especially with the volatility.

So many jobless people have been able to use the freelance world to easily earn bitcoin and that can really help a lot with income flow into the country.

Use it for things you do everyday and you should be OK

Topic: Legalizing Bitcoin - page 11. (Read 5728 times)