Topic: What will happen if Bitcoin gets official permission from the government...??? - page 2. (Read 2385 times)
October 27, 2018, 11:07:23 AM
If governments and banks permit bitcoins as their legal currencies,it would be highly potential for bitcoins traders and investors.because of legal currencies, bitcoins use as payments systems besides fiat paper currency.all transactions are oftenly occurs by bitcoins centralised currencies.
October 27, 2018, 11:03:48 AM
what is certain is that the names of bitcoin and altcoin are increasingly fragrant and more and more people are investing in the digital world of bitcoin, bro. With so much support for sure the price of bitcoin is getting higher into the air ..
October 27, 2018, 10:22:57 AM
Seems to me, bitcoin wouldn't give much care about this fact. The essence of the cryptocurrency phenomenon is that invented system doesn't give... about permission of the government))
October 27, 2018, 10:08:25 AM
If bitcoin ever gets legal permission from the government, it will undoubtedly be great news that will cause Bitcoin to surpass previous highs.
October 27, 2018, 09:23:39 AM
I think it will attract more investors. Because now the government make bitcoin legal. Now many people will now believe that bitcoin is not scam or a ponzi scheme.
October 27, 2018, 09:11:57 AM
If bitcoin gets official permission from the government it is the time that they will put a tax in every bitcoin income or in any bitcoin transactions that we have everytime. But on the positive side when bitcoin gets official permission we can use bitcoin in a stertch way. We can use it in many ways. And the best thing it can make our life more easier because innovation of our payment system. Practically there is a positive and negative side when it's happen. But for my own opinion it is better that bitcoin will did not get a official permission from the government as long as they did not banned bitcoin because I'm afraid that all of us bitcoin holded will abuse in term of tax and charges.
October 27, 2018, 09:08:28 AM
Bitcoin is an independent Cryptocurrency that no other third party takes advantage of transactions from two sides. This is a peer to peer transaction conducted by sellers and buyers only. Cryptocurrency transactions do not need to be identified or verified by the recipient of the funds when the funds are sent, that is what makes many people choose to use bitcoin.
Does the government mix in managing transactions for each user?
If the government mixes in managing transactions, will they take advantage of every transaction
What is your opinion.?
Does the government mix in managing transactions for each user?
If the government mixes in managing transactions, will they take advantage of every transaction
What is your opinion.?
Bitcoin's network simply can't be controlled by governments due to its decentralised nature.
If bitcoin is officially recognised by the government, then it is only on a legal sense. For example, they may recognise bitcoin as a currency, which may have potential tax implications. Another term for this process would be legalisation.
However, it does not mean all of a sudden that bitcoin transactions will be able to be controlled and verified by governments after this process of legalisation. Because whatever recognition bitcoin gets from the government is only applicable for the government/taxation agencies, and has no effect on the network itself.
Totally right.
I think that is great news if Bitcoin gets official permission from particular government because it means that the existence of Bitcoin is having a legal sense. It is officially recognized as currency as real fiat. Obviously, it can be used for means of payments such purchasing and selling things in the physical shops.
However, the legalization of Bitcoin will not influence to its value, means that government can not control Bitcoin transaction as manual financial or money services such Banks.
October 27, 2018, 08:54:06 AM
Bitcoin is an independent Cryptocurrency that no other third party takes advantage of transactions from two sides. This is a peer to peer transaction conducted by sellers and buyers only. Cryptocurrency transactions do not need to be identified or verified by the recipient of the funds when the funds are sent, that is what makes many people choose to use bitcoin.
Does the government mix in managing transactions for each user?
If the government mixes in managing transactions, will they take advantage of every transaction
What is your opinion.?
We all know that bitcoin is a decentralised crypto currency and this is the reason that there is no such proper authentic regulating body over the bitcoin who could keep eye over all the bitcoin activities and thus leading to its illegal use and misused by many terrorists and other social defaulters in selling drugs, explosives, money laundering etc and the only thing that could happen in stopping its illegal use is its legalisation all over the world as those countries who has legalised bitcoin in their nation are now keeping eye over all the bitcoin activities though imposing some taxes over its transactions but still in those countries there is no illegal use with bitcoin. Does the government mix in managing transactions for each user?
If the government mixes in managing transactions, will they take advantage of every transaction
What is your opinion.?
October 23, 2018, 06:59:05 AM
If the government issues official permits for Bitcoin, that will be the main policy they will make. But I feel that it is impossible to happen right now, because there are still countries that prohibit Bitcoin from entering.
Government should not be allowed to mingle in crypto affairs.. Governments always wants to have control over everything that is happening in their respective countries. I believe most people don't understand how crypto currencies work. The authorities are really sacred about crypto but they wish they could do something about how decentralized blockchain technology is. October 18, 2018, 10:29:41 AM
If the government gives permission to use Bitcoin, then I am increasingly convinced that cryptocurrencies have a bright future. Because with the government policy that legalizes Bitcoin, it will increase the number of Bitcoin users around the world. Some people still doubt Bitcoin for the reason that the government cannot legalize cryptocurrency as a legitimate payment transaction tool.
October 17, 2018, 09:04:47 PM
They can't mixed in managing transactions but they can regulate and tax those transactions within their jurisdiction if they have specific rule for crypto's. No full control to bitcoin and if they will permit bitcoin and declare having it is legal that will give people confidence that getting engaged with it is totally fine. People are still skeptic about bitcoin because they don't hear something good from the government about it but once the gov't gives signal that its fine and good, demand will increase.
October 17, 2018, 08:03:51 PM
Most potential investors are hiding behind the walls because of the fear generated by the governments in regards to cryptocurrency. Once crypto gets the approval of all governments, both new and some old investors will invest without much fear and this will increase the demand and usage of crypto in our daily lives. The value of the market will increase as well.
October 17, 2018, 06:45:44 PM
I think this is a great thing. The bitcoin market will thrive. Bitcoin prices will rise. Bitcoin will become the indispensable electronic currency of many people. All stores will have bitcoin payment services. Banks will accept and pay bitcoin. In the future, bitcoin will be the money for paper money. I like this very much. It makes our world change.
October 17, 2018, 06:12:30 PM
It depends on the government of which country to talk about. Many countries have different opinions about bitcoin. One site lists the consequences in great detail. Don`t be lazy and look for information in the first issue on request. 
-Threat to national currencies.
-Loss of cash flow control.
-Turnover of illegal goods.
These three points are mentioned in many articles. And I agree that for countries these are big changes and risks with which they cannot do anything yet)) The main instrument of bitcoin regulation is cryptocurrency exchanges, because bitcoin is rarely used as a direct means of payment and immediately after the transaction is exchanged for the necessary currency. Well, those who are closely associated with Bitcoin, will have to pay taxes. And judging by the statistics, everyone is trying to get around this. Personally, I don`t know if someone pays tax on cryptocurrency transactions?
-Threat to national currencies.
-Loss of cash flow control.
-Turnover of illegal goods.
These three points are mentioned in many articles. And I agree that for countries these are big changes and risks with which they cannot do anything yet)) The main instrument of bitcoin regulation is cryptocurrency exchanges, because bitcoin is rarely used as a direct means of payment and immediately after the transaction is exchanged for the necessary currency. Well, those who are closely associated with Bitcoin, will have to pay taxes. And judging by the statistics, everyone is trying to get around this. Personally, I don`t know if someone pays tax on cryptocurrency transactions?
October 17, 2018, 05:53:25 PM
When that happens, expect to see more investors flood the market with a lot of offers. There will be high entrance of new cryptocurrency into the industry. The existing ones are going to revive games. And big names will adopt its usage in their system.
October 14, 2018, 08:03:33 AM
If that happens the government will controll and impose taxes to all the transactions made via crypto currency market as well as the exchanges. There would be no more anonimity of the transaction and everyone should go in the process of taxes.
October 12, 2018, 09:58:03 AM
I think the price of bitcoin will rise same as fees in money transfer and different payment transactions.
what I think is that the noise from financial matters is very confusing and there must be positive about the needs of other people will be helped and myself and the transfer will make it easier for my transactions to think like that October 12, 2018, 08:12:11 AM
Bitcoin users remains anonymous so government cant interfere with it. Only if that certain country wont allow merchants to accept bitcoin transactions.
If bitcoin will be regulated, then demand on bitcoin will probably rises and makes its price grow higher. This will be a great news to all crypto investors and at the same time many people will be going to accept and use bitcoin.
If bitcoin will be regulated, then demand on bitcoin will probably rises and makes its price grow higher. This will be a great news to all crypto investors and at the same time many people will be going to accept and use bitcoin.
October 12, 2018, 07:50:12 AM
If bitcoin gets official permission from the government, the public will be positively inform about bitcoin and cryptocurrency then the demand will goes up as well as its value.
If bitcoin gets legality from the government, its sales will certainly rise soon, because this is very good news. Because despite getting rejection from several countries, bitcoin is currently growing and the number of sales is increasing year by year. October 11, 2018, 11:38:50 AM
Bitcoin is an independent Cryptocurrency that no other third party takes advantage of transactions from two sides. This is a peer to peer transaction conducted by sellers and buyers only. Cryptocurrency transactions do not need to be identified or verified by the recipient of the funds when the funds are sent, that is what makes many people choose to use bitcoin.
Does the government mix in managing transactions for each user?
If the government mixes in managing transactions, will they take advantage of every transaction
What is your opinion.?
Does the government mix in managing transactions for each user?
If the government mixes in managing transactions, will they take advantage of every transaction
What is your opinion.?
No, the government cannot control the bitcoin even if they allow it. Bitcoin is decentralized, and other altcoins as well.
if government allow crypto in every countries, then massive adoption of crypto will be occurred because everyone can use it without being banned.
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