Pages:
Author

Topic: What Can Be Done To Make Government Legalize Bitcoin - page 16. (Read 3521 times)

newbie
Activity: 32
Merit: 0
For Government to legalize bitcoin then bitcoin would need to be regulated and taxed it might be difficult for government to legalized it because its going to be global decision and its a descentralized currency.
sr. member
Activity: 1372
Merit: 261
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 think if bitcoin put a tax on it our government will legalize it in our country. There are so many humors that if government control bitcoin it can be legalize worldwide. Other said that we can talk to officials but I think that's a bad idea.
For bitcoin to be legalize is to make bitcoin centralized. Bitcoin is decentralized so that it can be controlled or manipulated by someone. To make it centralized is impossible because bitcoin is created decentralized that way, if you make it centralized, then the meaning of it is going to be gone. Centralized means that it can be controlled and manipulate, it has a tax and was legalize by thr government.
full member
Activity: 347
Merit: 100
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 think if bitcoin put a tax on it our government will legalize it in our country. There are so many humors that if government control bitcoin it can be legalize worldwide. Other said that we can talk to officials but I think that's a bad idea.
newbie
Activity: 24
Merit: 0
You can meet officials and highlight the benefits and clear their doubts. If this does not work, challenge the decision in court.
newbie
Activity: 69
Merit: 0
 majority of countries are not in accordance with bitcoin because it has not been legalized , therefore the awereness of the bitcoiners should be more intesify because we are the change bitcoin needs
jr. member
Activity: 216
Merit: 1
People will use that time when they understand and get the advantage of using Bitcoin. But the problem is most countries don't allow Bitcoin anymore. What is about other ICOs which launched every day in the market. As far as I know over 1500+ ICOs are on the market right now. How is about SciDex? Which is working for scientific business data development.
jr. member
Activity: 216
Merit: 1
Actually, people don't know much about Bitcoin yet. Because most of the countries don't allow Bitcoin. But the chance of growing is very high. Though the market isn't stable right now. People should invest in different ICOs like- PTC, BTC, Ethereum, Altcoin, SciDex which has great chance of growing. Smiley
sr. member
Activity: 980
Merit: 255
The government is not a novice when it comes to cryptocurrency and this is why they are able to make decisions, either positive or negative, concerning it. However, the government often sees cryptocurrency as a threat and because of this, they decided to make selfish laws concerning cryptocurrency. Government can not be persuaded by anyone. When they see the reason, they will support cryptocurrency.
Cryptocurrencies are a threat to governments very few are going to agree to legalize cryptocurrencies without heavy regulation, the only exception so far seems to be Japan but I have always thought they took that path because they are seeing there is a lot of money to be made especially if they regulate exchanges and since they have a very strong need to grow their economy they are choosing to adopt cryptocurrencies and obtain some benefits than to ban them and obtain nothing.
newbie
Activity: 114
Merit: 0
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 think more awareness and education about bitcoin, cryptocurrency and blockchain technology and mass adoption  in any country would make the government change their stand about bitcoin and other crytocurrencies.
full member
Activity: 274
Merit: 100
in no way, it is two opposite structures inside the country, governments are always interested in having part of your money anyway
full member
Activity: 336
Merit: 100
I figure the administration will perceive bitcoin when the benefits made by people and organizations are great to the point that they understand they can never again disregard it. This is particularly valid as countries end up wealthier because of legitimizing it while those tossing obstructions end up poorer and less compelling.
newbie
Activity: 70
Merit: 0
The Bitcoin market is full of profits, and the national government will not miss these opportunities. I think that a lot of processes can be done to legalize the bitcoin of the government such as the bitcoin tax filing of the government and so on but now the bitcoin is not illegal so the government does not support it so they can say that it is illegal.
newbie
Activity: 112
Merit: 0
if government understand the value and possibilities of bitcoin then i think they will do it.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
it seems that bitcoin is going to be hard to get the bitcoin legality because I see bitcoin has the purpose of creating a coin that can not be controlled by the government whereas if you get the bitcoin legality usually bitcoin can be controlled by the government.

the government can not control bitcoin and this is never going to change, and if it happens bitcoin would be as good as dead. but that has nothing to do with making bitcoin legal or not. almost all of the countries have already made bitcoin legal one way or another. most of them see it as a commodity and are working with that. some others are stuck making a decision about what bitcoin is but it is still legal. and a couple of them are seeing bitcoin as a currency.
full member
Activity: 504
Merit: 100
it seems that bitcoin is going to be hard to get the bitcoin legality because I see bitcoin has the purpose of creating a coin that can not be controlled by the government whereas if you get the bitcoin legality usually bitcoin can be controlled by the government.
member
Activity: 812
Merit: 11
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.

The only thing we can is holding our coin/token and always make trade with crypto and make cryptomarket more bigger and bigger. If more peoples trade with cryptocurrency, government must be seeing opportunity to collecting taxes from crypto trade and government will issuing regulation on cryptotrade
newbie
Activity: 149
Merit: 0
I think there is very little we can do about the governments policies concerning crypto, Basically there is nothing the comunity can do a these governments vary in policies, However, i believe if more people are attracted to the crpyto industry and  a large population adopts it, it will force he governments to to re think its policies concerniing Crypto
member
Activity: 163
Merit: 10
You need to be good and good when using bitcoin we do not want to use the bitcoin to be banned in the Philippines because it is the only people expected in our country because it depends on everything we need in life and dreams
jr. member
Activity: 266
Merit: 4
CurioInvest [IEO Live]
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.
Although governments wish to gain full autonomy over the transactions of Bitcoin, the Blockchain technology does not allow a central or one full body to own such a power. Governments can only come to terms with Bitcoin if major private institutions and companies which contribute much to the stability of the economy of a country begin to trade or accept Bitcoin as a medium of exchange. For instance, if Amazon adopts Bitcoin as a medium of exchange, most governments will embrace the ideology of Bitcoin.
member
Activity: 252
Merit: 17
The only thing i can see to make government legalize bitcoin especially if the country already banned bitcoin in their country is that, bitcoin will give the full regulation or control on that country so that they will fully accept also bitcoin as well. There are a lot of articles says that bitcoin were banned on some of the countries because bitcoin did not let those country to control bitcoin. Aside of this maybe one of the government want to have is money also. So i think if the government will have a direct income or profit in bitcoin surely it will widely embrace bitcoin on their country or jurisdictions.
Pages:
Jump to: