Bitcoin is still a hot conversation between countries in legal or illegal contexts.
The government considers Bitcoin to have many risks if it continues to be used, one of which is unpredictable and volatile.
And many countries forbid the use of Bitcoin.
Meanwhile, if the government allows the use of Bitcoin then the government will earn revenue for the state through Bitcoin by applying taxes for Bitcoin users.
We see the current Bitcoin price is very expensive, you can analyze the amount of tax for the State.
Topic: Legalizing Bitcoin - page 3. (Read 5704 times)
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.
To accurately answer this question, it is necessary to know the economy of the country well and on what basis it is based. I believe that bitcoin with its blockchain technology can help in the development of individual spheres of activity. 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 what the government needs to regulate Bitcoin is the strict but fair rules and regulations, clear understanding and black and white documents of the guidelines and the laws. Also we have to ensure that they will do necessary actions plans and activities in order to cascade and keep their citizens informed about it. On of the things why Bitcoin is loved is because of its transparency and decentralized nature, so hopefully, once the regulate it, they don't do anything that will defeat that feature. Plus I know they will be able to get a lot since they can get some taxes on Bitcoin exchanges and transactions.
Legalized means that a regulation must be made. How proper regulation for a decentralized currency system is even contrary to a regulation and legalization. The freedom of transactions of bitcoin users will be disturbed by the legalization of a government especially if the legalization is included with the obligation to pay taxes for bitcoin holders. I agree if the tax applied to crypto but the tax should be addressed to people who are business actors with bitcoin payments so as not to affect the bitcoin holder.
If you earn income from your cryptocurrency transaction then it is just right that you should pay tax because you still have an obligation as a citizen of your country and you are using as well the projects of the government which is from taxes of the people given that the funds are used properly so paying tax shouldn't be a burden. I still believe that regulation is needed because there are people who abuse the freedom by defrauding others since they knew that they cannot be held accountable. Besides, more people would trust cryptocurrency if it will be legalized since they know the point person or department when they have some concerns about it.
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.
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.
Bitcoin should be legalize on different country because it helps different peoples lives to improve and some of the people who are not earning very well in their life are having a chance to change their future so i hope that cryptocurrency should be legalize on different countries.
Legalized means that a regulation must be made. How proper regulation for a decentralized currency system is even contrary to a regulation and legalization. The freedom of transactions of bitcoin users will be disturbed by the legalization of a government especially if the legalization is included with the obligation to pay taxes for bitcoin holders. I agree if the tax applied to crypto but the tax should be addressed to people who are business actors with bitcoin payments so as not to affect the bitcoin holder.
I think that you are wrong, because in this situation it will be like itself, as in the real world, when the oligarchs avoid taxation, And all the taxes are paid by the common people. 
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. if bitcoin became the legal currency it will brought a high change in world which will affect the people of the country.
The legalization of bitcoin is not only good for the survival of bitcoin but also for the state which is there for making bitcoin legal because we all know that if people will start investing into bitcoin and earn large profits, this is ultimately going to make the economy of country stable.
This is the only reason all sagacious and wise countries have already declared bitcoin legal in their states for the welfare of their public.
Bitcoin is like other currencies but only online, and you should take care of taxes and other stuff when getting the cash from bitcoin.
Legalized means that a regulation must be made. How proper regulation for a decentralized currency system is even contrary to a regulation and legalization. The freedom of transactions of bitcoin users will be disturbed by the legalization of a government especially if the legalization is included with the obligation to pay taxes for bitcoin holders. I agree if the tax applied to crypto but the tax should be addressed to people who are business actors with bitcoin payments so as not to affect the bitcoin holder.
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.
While some countries have explicitly allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified bitcoins differently.
In the event that bitcoin will be sanctioned, duty will put on impact since the administration needs to get cash from the general population then every specific exchange will have an expense now. In spite of the fact that that will make the rich individuals more rich since they've discovered another approach to gain cash, the lower class individuals would now be able to coordinate with the general population in the working class. Neediness will be gone, yet despite everything they have to locate a steady occupation for them to acquire wage.
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.
While some countries have explicitly allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified bitcoins differently.
For the government, they really hard get legalized the bitcoin because bitcoin is decentralized, meaning they didn't control the flow of money in their country. But for the people of the country, they want bitcoin because they know that bitcoin is fast generating of money.
If bitcoin will be legaize then bitcoin is taxable. For sure there a lot from bitcoin will not happy to hear if this is taxable. I heard the tax is a litttle big and the price of bitcoin is unstable. But so far in my country i dont have news about legalizing or even it is ban.
That's right, this is happening in Uncle Sam's country, bitcoin prices fell a few percents by the time the US government announced for bitcoin users to be taxed, the investors sold the bitcoin he had.
But on April 17, 2018, the American government will revoke the use of taxes so now the bitcoin price is rising again, as investors buy back the bitcoin for investment or as a means of payment. This indicates that the use of taxes to bitcoin investors makes them unhappy.
Regulate the amount that the higher class people may gain because it would be unfair if they can have the same opportunities that the poor people may have because they now have a lotof money and it is an abuse if they will gain even more. Limit their earnings because it will be an abuse to everyone.
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.
For me, if one country has legally bitcoin and their government support it, it is a big help to them in the state of economics. Helping their people to earn money by using bitcoin works and the benefits that bitcoin can give to their people like transferring money with fewer fees unlike in the bank.
If bitcoin will be legalized, tax will put on effect since the government needs to get money from the people then every certain transaction will have a tax now. Although that will make the rich people more rich because they've found a new way to earn money, the lower class people can now match up with the people in the middle class. Poverty will be gone, but they still need to find a stable job for them to gain more income.
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 bitcoin is accepted by a government, it will be regulated. They are going to impose tax for sure and some other rules to be imposed. From the taxes paid by every transactions and campaign maybe they can benefit. It is just my point of view. 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.
Countries that outright ban Bitcoin will be at a huge disadvantage economically to countries that regulate and legalize it. Banning cryptocurrencies in a nation will destroy it's economy long time. It's the future, it's here, governments have to get on board or miss the train and collapse.
These countries are going to suffer badly in the future because their illogical decisions regarding crypto at the moment. The banning of bitcoin along with other virtual currencies is not the solution at all. People are still indulged in bitcoin related activities because they want to develop financially. They are tired of relying on their incapable governments for improving their lifestyles. Bitcoin is the future money.
Officially legalizing cryptocurrencies and regulating them will be a boom to said countries economy, pumping fresh fiat into crypto from all the normies out there waiting for a government authority to tell them it's ok to participate in the bitcoins...
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