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Topic: The impact of bitcoin on the financial stability of a country - page 7. (Read 920 times)

hero member
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Need some spare btc for a new PC
Well probably close to none but imagine a smaller country where the bitcoin isn't regulated and people can avoid taxes with ease. Now let's imagine that country having 10 million people and 30% of them are using bitcoin. That's taxes of 3 million people not being payed and over time that amount piles up to quite a significant amount.

Hypothetically, that's the only way, in my opinion, that bitcoin can have an impact on financial stability of a country. Tho, I might be wrong.
sr. member
Activity: 882
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Bitcoin has making a very high significant progress in contribute to some countries economic development and we have had how Japanese governments has a great gdp growth in 2017 https://news.bitcoin.com/japans-gdp-grows-due-to-bitcoin-wealth-effect/ this is a sign that bitcoin can actually help our economic and provide jobs including solving some of the financial challenges we are having.
legendary
Activity: 2646
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After the first quarter of the ongoing year we can get the real contribution of bitcoin in a country's financial stability. Because over an year ago Japan adopted bitcoin and the same has made them grow high in different industrial markets. With the calculations of the economic growth before adoption of bitcoin and after adoption will give the perfect result of growth because of bitcoin.
member
Activity: 588
Merit: 11
What is the impact of bitcoin in a country's financial stability?


We only feel the real impact of bitcoin on economy if the government allow the full use of bitcoin into the mainstream. Legalized it fully and use it as one of the legal tender to reaps the benefits of bitcoin. On the dark side, bitcoin can also use illegally by some bad people like money laundering and it can affect a country's financial system.
member
Activity: 192
Merit: 11
BTC and other digital cryptographic currencies have created new investment markets and profit models.

Some criminals will use BTC money laundering and black money trading.

This is the main reason why many governments regulate BTC.

Influence the monetary policy of the country.
sr. member
Activity: 420
Merit: 252
If the country is a btc adopter than people would invest in btc and will transfer their money to that country by making the income of that country rise and the money be more and if the country is against it vice versa.
full member
Activity: 266
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What is the impact of bitcoin in a country's financial stability?


The impact of bitcoin is great for those who have the financial intelligence and money to invest in bitcoin. But in general, it does not really affect the financial stability of a country. It is still depends upon the government and the people on how they will earn money.
newbie
Activity: 140
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We cannot determine the impact of bitcoin on the field of financial stability in a country it is because bitcoin is not directly connected to the economic system in every country. Bitcoin is directly connected only to the people who accessed and used bitcoin and that people who earn multiple income are main source which their income can also contribute to the economic development of a country. As what i have stated above that bitcoin is not directly connected to economic system, it is because bitcoin is not under control by government, but still bitcoin contribute financial stability in a country.
member
Activity: 280
Merit: 10
What is the impact of bitcoin in a country's financial stability?

For example, my country does not have a stable economy, so it prohibits Bitcoin from operating on a virtual currency basis. There are a lot of places that have had to deal with the crises in Bitcoin, in my own country. Many wrong rumors about Bitcoin but nowhere ruined by it
full member
Activity: 434
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The Bitcoin is gaining significant importance throughout the world. It is now leading cryptocurrency as the years best-performing currency. But it has a crime called Money Laundering through the online black market Silk Road. So they're giving attention focused on bitcoin’s underlying payment system than on the value of the currency itself.
hero member
Activity: 2870
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What is the impact of bitcoin in a country's financial stability?


I only know bitcoin will give a good impact for personal because if someone still continues his job-related in cryptocurrency, it means that he can have a source to make money with unlimited income that he can imagine. and if many people do this at the same time, then the people's income will increase and this will solve poverty problem which we can see in many countries. and if they can solve poverty problem, then they could have a better life and they will help other people to solve their finances problem too and this means the economy of the people will increase too and this will help the country to get a good financial stability because many people right now have a new income source.
member
Activity: 162
Merit: 10
Bitcoin really help the finacial stability of country without knowing by the help of bitcoin and many people having a business and investment they are silently helping the other some are putting cooperative program to the community to returned of the help of the bitcoin and help the country to decrease the poverty and sustain needs of the people by give them a stable job. and the return is really affordable base on their income up to recover their need by small percent of payment.
member
Activity: 276
Merit: 11
Bitcoin affects the fositip for the state's financial stability because people slowly change lives better. Many investors participated in assisting economic stability. Corporate internet companies can get to high profits and so forth. So I think bitcoin is good for financial stability in a country.
sr. member
Activity: 840
Merit: 254
It is still early to tell if there is such an impact of bitcoin in financial stability of a country. The government can always make a measure like imposing regulations on bitcoin and other cryptocurrencies to to ensure that the country's financial stability will not be affected. Many government fears that because of bitcoin's decentralized feature, they can't be able to monitor any funds that comes from unknown sources like money laundering and other illegal activities that uses bitcoin. This illegal activities might later affect the economy if it is remain unchecked.
While the laws and regulation put in place are important the aspect that is really important is the application of those laws. After all they can create as many laws as they want but since they are unable to regulate bitcoin users directly then most of those laws will be useless, this is why bitcoin is going to be so difficult to regulate also they do not really fear the crimes that can be committed with bitcoin they fear the freedom that is going to give to everyone.
sr. member
Activity: 630
Merit: 251
What is the impact of bitcoin in a country's financial stability?


Every goverment has a regulation about crypto currency and i think economic or financial in country can be unstable if the people use bitcoin or crypto currency as payment gateway like transaction in the shop.
Why? Because bitcoin has fluctuation price very fast and it's will make inflation very high in a country. I think its very dangerous.

Bitcoin had improve the country finance by giving some dollars  to the unemployed people.Bitcoin was not directly impact on country financial stability.It will indirectly help the country financial stability.Many people are earning their second salary from this bitcoin.
Economy of a country is considered stable when the importation is less than exportation meaning more product coming out than product coming in, because we are spending much dolars will cause currency I mean fiat money to divaluate.when a country were people are having much Bitcoin income it also equivalent having many dollars coming in.
This is a fact and basic economics principles that if the country really wants to be stable, it should import less products especially the manufactured ones and should export as much products as possible usually end products because they are high in demand and price as well. But there are many other factors that contribute to the stability of the country like its employment rate, literacy rate and so on. As far as role of bitcoin is concerned, it enhances economy.
member
Activity: 162
Merit: 10
Becaome more stable not like before. and gradually meet every needs of invidual family and less curroption because of help of the bitcoin their dream become reality and have a positive prospective and have hope in the future of their family. living in better life.
sr. member
Activity: 1111
Merit: 255
What is the impact of bitcoin in a country's financial stability?


The impact for me doesn't look really huge. I mean, BTC could help people who are short in income but not the entire community. The jobless are able to earn at home and their population lessens. The help of BTC is in the statistics of poverty, besides that, those who know how BTC works benefit the most.
member
Activity: 266
Merit: 16
It has a big impact of a country that are most need in financial stability. Specially to none government employee that they much need to earn more.

Bitcoin could improve the individual people in their life status. Because instead of working in international, they could earn money even at home. They have much time to their family instead of going abroad.
sr. member
Activity: 840
Merit: 254
Bitcoin gives opportunity for income and investment which later helps people to make their lives even better, they were able to buy things that their salaries failed to reach and can make such a good savings for their future with this the economy also improves and the expenditure of people increases though by this time most government don't see the help of bitcoin but in the future this thing will really make a great impact
This is something some fail to see, when you receive your pay in fiat your money keeps losing value since the government does not stop printing money, so every day you can afford less and less with your money, but with bitcoin the opposite happens, the longer you hold the more you can afford, this is incredible, someone that saved a few thousands of dollars a year ago still has that same money while someone can buy a lot more than that if he used that money to buy bitcoin.
sr. member
Activity: 585
Merit: 251
The impact of bitcoin on the finances of most countries seems to be very small. It improves the situation of individual people, who treat it as an investment rather than as a means of payment. There are too few businesses accepting bitcoins and payment points. Therefore, the impact on the economy and thus on the finances of countries is small.
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