Topic: What Can Be Done To Make Government Legalize Bitcoin - page 12. (Read 3521 times)
It is possible that bitcoin will be legalize, but as a commodity asset not as currency. It will happen if it is well regulated by the local government. The government would be very opposed if bitcoin is used as currency, it would mean killing the country. The government must be aware of the many benefits of bitcoin, so if it is well regulated it will be a commodity asset that will be useful for the country. They must understand the position of crypto in future world and economics of their countries. The next step must be the population crypto by people in social world. If it become known by every secound person in the world it will be good start.
Is no longer news that various countries of the world are not in support of Bitcoin either as a means of payments or for trading purpose. This are been a challenges most Bitcoin users are facing throughout the countries of the world inexception of few countries.
I have begin to see it that maybe they are thinking that adoptions of Bitcoin might bring a partial collapse of the banking system and also a means of curbing money laundering.
So, let hear your views on what can be done to make our government realised the important of Bitcoin and Blockchain Technology.
I have begin to see it that maybe they are thinking that adoptions of Bitcoin might bring a partial collapse of the banking system and also a means of curbing money laundering.
So, let hear your views on what can be done to make our government realised the important of Bitcoin and Blockchain Technology.
As bitcoin is a decentralized digital currency and it is used in various purpose like marketing, shopping, trading, paying the online bills so those countries of the world where the use of Bitcoin is officially illegal there its use should be legalized. The government should have to research the benefit of bitcoin. Actually they have no idea about bitcoin and its benefit when they have known its benefit then they could understand about and then they will declare it as a legit currency in their country.
Right now media and governments are not in the mood of legalizing the bitcoin. Even some countries announced it as banned even there is no evidence of it. We need to understand the power of cypto currency first before fighting for the legalization of bitcoin. There is a lot of negativity in the market and investors are stepping back to save their money.
One thing for sure, in order for government to accept the legality of bitcoin they must have control of it. But technically we can't allow that to happen because we'll be allfine affected. So I think a way to convince government to legalize it is to give them incentives. Let's offer government something that they can't refuse to accept so thatI it willwill be a win-win situation.
For me,its simply continuing support in cryptocurrency for now this is all we can do as governments nowadays are focusing on policies about our community and same reason why we cant make a big growth as investors are waiting for the total adaptation from countries to peoples around the world
People from the cryptospace are doing the work to be legalize these new technology and government are doing their own research about Bitcoin or other cryptocurrency. Bitcoin was operating this way where one can trace a transaction to a particular person , then government wouldn’t have had any problem with bitcoin.
The government does not like bitcoin, because bitcoin can not be set by it. But we as bitcoin users do not have to worry about this because the government is not our parents and not our god. So we can oppose them even if we do not follow their orders. I think bitcoin is very profitable because by using bitcoin my economy gets better. If I do promotion in the social world or tell the government that bitcoin is not the way they think, I'm sure if the government knows this all the government will definitely appreciate bitcoin or crypto.
Bitcoin can be pressured into use by either the people of the country or by the other countries with which it has maintained diplomatic relations, in this case, if the countries economy is weak and dependent upon other countries banning bitcoin then it is impossible for btc to be regulating there.
The government can make the bitcoin legal as far as they are convinced that bitcoin is not a threat but a big help among others specially in financial matters.
Here it looks legal
https://www.ft.com/content/37476874-806c-11e8-bc55-50daf11b720d?desktop=true
The government can make the bitcoin legal as far as they are convinced that bitcoin is not a threat but a big help among others specially in financial matters.
I think that general and mass recognition of bitcoin is necessary. only in this case, when the government is convinced that bitcoin has gained wide popularity among a large population, only then it will be possible to legalize bitcoin and other crypto-currencies.
He just needs time to be trusted. It becomes very popular and spreads wherever possible. I think very soon it will be recognized by banks and other countries.
Is no longer news that various countries of the world are not in support of Bitcoin either as a means of payments or for trading purpose. This are been a challenges most Bitcoin users are facing throughout the countries of the world inexception of few countries.
I have begin to see it that maybe they are thinking that adoptions of Bitcoin might bring a partial collapse of the banking system and also a means of curbing money laundering.
So, let hear your views on what can be done to make our government realised the important of Bitcoin and Blockchain Technology.
I suppose the Bitcoin and cryptocurrencies must be proven to them in some way, that they would consider it as trustworthy source of investing and earning money. And also not harming to the economic. I have begin to see it that maybe they are thinking that adoptions of Bitcoin might bring a partial collapse of the banking system and also a means of curbing money laundering.
So, let hear your views on what can be done to make our government realised the important of Bitcoin and Blockchain Technology.
We need to buy Donald Trump with all of our bitcoins, and force him to say that crypto is legit, lol. Then he would be so compelling, that every country would follow his opinion and accept crypto worldwide!
Is no longer news that various countries of the world are not in support of Bitcoin either as a means of payments or for trading purpose. This are been a challenges most Bitcoin users are facing throughout the countries of the world inexception of few countries.
I have begin to see it that maybe they are thinking that adoptions of Bitcoin might bring a partial collapse of the banking system and also a means of curbing money laundering.
So, let hear your views on what can be done to make our government realised the important of Bitcoin and Blockchain Technology.
I have begin to see it that maybe they are thinking that adoptions of Bitcoin might bring a partial collapse of the banking system and also a means of curbing money laundering.
So, let hear your views on what can be done to make our government realised the important of Bitcoin and Blockchain Technology.
As an ordinary person of the community in our country I can do only to make the bitcoin legalize by the government I will use the power of the modern technology, social media to spend the fantastic benefits of the having the bitcoin to show that bitcoin is a big help to the society.
:DI think Bitcoin is still very small as a crypto currency and was not noticed by all countries, it only needs some time until it finds the country's legal.
as soon as the governments will see an interest into btc and crypto market than they will race with each other to legalize it. What can be done is to share the benefits of the tech side more than the being rich scheme.
Is no longer news that various countries of the world are not in support of Bitcoin either as a means of payments or for trading purpose. This are been a challenges most Bitcoin users are facing throughout the countries of the world inexception of few countries.
I have begin to see it that maybe they are thinking that adoptions of Bitcoin might bring a partial collapse of the banking system and also a means of curbing money laundering.
So, let hear your views on what can be done to make our government realised the important of Bitcoin and Blockchain Technology.
I have begin to see it that maybe they are thinking that adoptions of Bitcoin might bring a partial collapse of the banking system and also a means of curbing money laundering.
So, let hear your views on what can be done to make our government realised the important of Bitcoin and Blockchain Technology.
Government already knows what the chances to get income from it but because of virtual currency digital system method government has doubt with hesitation to do something legalized because of volatility movement no stable income and they felt also that it might be affected to banking industry that's why until now even here in the Philippines doesn't approved by the government.
patience is what we need. governments are ofcourse still studying if they can benefit in the adoption of bitcoin. bitcoin is still young. just give it time and it will take over the world at some point
I think goverment has a idea about crypto but as i can see no one pass it in a senate.. I dont think they will support crypto. Because it will affect the own currency.. And some will people invest without taxes to the goverment. So i think it's difficult to legalize bitcoin.
My opinion on all this, I think will not be. Because if logically thought, it is true that bitcoin can make a country destroyed by a very high but irregular bitcoin price and without or at least the prevailing taxes. Here we can know that bitcoin is less good if present in the state government.
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