And bitcoin is money and that's big money, and that's actually what the government most likes. She just has to figure out how to deal with him, because the government is bitcoin too much, and she is aware of it ... 
Topic: Legalizing Bitcoin - page 6. (Read 1953 times)
And there are physical places where we buy and sell bitcoin. There are times when there are even banks issuing bitcoin payment cards. I do not think it will rule to ban bitcoin. (Maybe she'll be at some time) He reminds me of the time the internet has appeared, it took years to conquer the whole world. That was the internet And bitcoin is money and that's big money, and that's actually what the government most likes. She just has to figure out how to deal with him, because the government is bitcoin too much, and she is aware of it ...
And bitcoin is money and that's big money, and that's actually what the government most likes. She just has to figure out how to deal with him, because the government is bitcoin too much, and she is aware of it ...
I doubt that all countries will follow the example of the country which first legitimizes bitcoin. Now there are many offshore States. But the rest of the state is not in a hurry to reduce taxes. It is easier to lose profits from the richest people than to make a sensible tax policy for all citizens. Will also be with bitcoin.
Do you think governments are afraid legalizing bitcoin because it's difficult regulating its use, circulation, determining individual's worth, earnings and may lead to tax evasion?
Yes, that is the right reason. So far, no country has actually provided a rule on bitcoin. If there is one country that actually regulates bitcoin, and the government approves it, then another country will do the same and no longer need to be afraid.
It might be, because bitcoin is far more greater that fiat currencies which possess tax unlike in bitcoin, it is very hard to impose tax on it and the number of people that using it is unidentifiable. One manifestation also is that other countries banned bitcoin and one of the reason maybe is because of lack of control to the users. Come to think of it, people would prefer transactions that doesn't have tax compare to the other way around. In short, legalizing bitcoin is very hard.
It's not illegal but and we want to avoid to make it too much public because the whole purpose of Bitcoin is to not be controlled by anyone
the sole purpose of bitcoin is to earn money anonymously. I know that there are some countries that banned bitcoin for some purposes. Im glad that my country wasnt. Maybe if the case is to know the individuals worth and to tax them, the government will make some law that will benefit both government and investor, Else, there would be unequall rights to both parties.
Do you think governments are afraid legalizing bitcoin because it's difficult regulating its use, circulation, determining individual's worth, earnings and may lead to tax evasion?
I think the government don't know how to control bitcoin yet. Because in bitcoin people can do dark transactions from dark website.
Bitcoin transactions also can't be tracking, so the government still afraid about that part also.
Bitcoin is digital cash. Someone could avoid taxes in the same way they avoid taxes with physical cash.
The authorities dont have much trouble policing income tax with physical cash so I'm not sure bitcoin would be any different.
Do you think governments are afraid legalizing bitcoin because it's difficult regulating its use, circulation, determining individual's worth, earnings and may lead to tax evasion?
I think the government don't know how to control bitcoin yet. Because in bitcoin people can do dark transactions from dark website.
Bitcoin transactions also can't be tracking, so the government still afraid about that part also.
Bitcoin is digital cash. Someone could avoid taxes in the same way they avoid taxes with physical cash.
The authorities dont have much trouble policing income tax with physical cash so I'm not sure bitcoin would be any different.
I don’t know if this answers your question but recently Malaysia’s central bank has started to set guidelines and regulations regarding bitcoins. So I can see it will be declared legal in Malaysia.
Bitcoin is illegal in some countries but here in my country it is not illegal. For the countries that are implementing ban and illegality to bitcoin is because they can see some bad things about it and it's not new that there are too many countries that are starting to recognize bitcoin as a replacement to some payment methods.
why is it illegal ?
Is not, the thing is some contrys make them illegal by its means is not ilegal to hold or posses btc unless your gov says so.
Do you think governments are afraid legalizing bitcoin because it's difficult regulating its use, circulation, determining individual's worth, earnings and may lead to tax evasion?
BTC is legal unless goverments create laws against them, for me is this way how it works.
Do you think governments are afraid legalizing bitcoin because it's difficult regulating its use, circulation, determining individual's worth, earnings and may lead to tax evasion?
Government are afraid to legalize bitcoin because it was decentralized and they have no knowledge about cryptocurrency.They cannot imposed tax on it they need a deeply studies about bitcoin.The development of bitcoin is now increasing day by day and it was been popular by other country unlike before that only few of us known by bitcoin.Do you think governments are afraid legalizing bitcoin because it's difficult regulating its use, circulation, determining individual's worth, earnings and may lead to tax evasion?
Government are afraid to legalize bitcoin because it was decentralized and they have no knowledge about cryptocurrency.They cannot imposed tax on it they need a deeply studies about bitcoin.The development of bitcoin is now increasing day by day and it was been popular by other country unlike before that only few of us known by bitcoin.
Bitcoin legalization is possible because every year it develops and it helps many people
governments afraid or not they cant do anything about it ..its eating away into the very fabric of our decaying society
Whether it is crypto or any other things we hesitate to adopt new things Say Bitcoin which is the present case. People in the 18th century hesitated to adopt democracy because it was disrupting the old order and It was people who drive the agenda of democracy. Bitcoin is making the same impact as of now the more people get aware of it and started adopting it the better in driving the legalization of Bitcoin. History has shown us the adopting new Idea do take times. So Bitcoin is here to stay and it is a matter of time legalization will be a reality.
I agree if the government can not control and regulate bitcoin even for various purposes and so far they can only observe and monitor the development of bitcoin, and perhaps this factor also causes the government to always consider the legalization of bitcoin in each country.
Yes, we can say; governments are afraid to regulate bitcoins because they can't control it or lack of knowledge to acknowledge the benefits of bitcoin which is better than their's fiat currencies.
Bitcoin isn't fully anonymous to do illegal transactions as most people trade cryptocurrencies on exchanges which require id verification. People can't evade taxes forever as every transaction are recorded on blockchain and bank system.
So, you'll always stay under the radar as long as you are never deal with exchanges and bank transfers to buy and sell bitcoin.
Bitcoin isn't fully anonymous to do illegal transactions as most people trade cryptocurrencies on exchanges which require id verification. People can't evade taxes forever as every transaction are recorded on blockchain and bank system.
So, you'll always stay under the radar as long as you are never deal with exchanges and bank transfers to buy and sell bitcoin.
I agree, because the government is afraid of decentralization and anonymity, this prevents them from controlling the masses.
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