What will happen if the government know bitcoin in your country? - page 12.

intoy_victor

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Quote from: shainasaz on November 05, 2017, 08:56:41 PM

I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.

Yes I agree with your opinion. If our government know about bitcoin maybe they will banned it. Because surely it will affect the country economy. It will affect there employment rate. Because who would like to work in supermarket, hotel or even in government if bitcoin surpass the labor of it.

Liquidathor22

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Actually, the governments have already known about the presence of bitcoin. Its either they are silencing their selfs because they don't see that as a threat to them, or they are silently observing and very soon creating a law about it.

pedromonteverde

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Quote from: kkukkugaga on December 27, 2017, 08:50:34 AM

If that happens, I think they will just let the people invest on btc, because they know that it will help the people as well as the economy.

I think they won't do as you said because they're afraid that Bitcoin could damage their Bank system. So most countries will try to shut Bitcoin down.

kkukkugaga

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Hello World!

If that happens, I think they will just let the people invest on btc, because they know that it will help the people as well as the economy.

Supercrypt

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Quote from: Kiweikoo on December 14, 2017, 08:09:01 AM

Quote from: mindfly09 on December 13, 2017, 07:14:57 AM

In my opinion maybe they just let people to invest in bitcoin. The government in my country already regulated bitcoin, bitcoin is legal since many years ago. So people has a freedom to use bitcoin. Because the government wants their people to earn extra income to help the economy. Bitcoin is already accepted by the people and become popular in my country. Government wont ban bitcoin because this is very useful to the people especially now.

The governments who are for the people sakes will never stop bitcoin to enter their regions because accepting bitcoin means to allow development and progress in region and bitcoin has most profitable rate which make the citizens lives more lavish so if my government will know about bitcoin they will allow their citizens to earn and bitcoin is name of bring revenue to the region and we can see the progress of investors.

Right! Except for some greedy controlling government who ends up seeing bitcoin as a threat and then seeing that this could create a huge monetary revolution in the country are going to be the ones going against it right now.

What is the point banning bitcoin when it can just be regulated and where is even human right in this case except for the fact that they have been used to enslaving their citizens ?

Gerci

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Well, if you were the government and you find out that bitcoin won t favor your country, you will also have to do the same to make your government a better one. I have seen a lot of countries that banned it apart from China.

btcminer6212

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Quote from: louisedem on December 22, 2017, 06:25:51 AM

Quote from: shainasaz on November 05, 2017, 08:56:41 PM

I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.

Well in our situation today I think our government will not focus on this thing, cause we our facing several issue which affects even the himan rights, but as far as I know our BSP has conducting rsearch regarding Bitcoin , and what can it cause to increase our economy as well as how can it be substantial in our community.

I think it is really a alarming situation for them because it is a decentralized coin and I think they will no handle it or allow there citizen to use it and i think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financially it has given to me.

bummm

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I think that my country's government will not prohibit bitcoin, but it will impose a high tax on it, which will lead to loss of interest from investors.

louisedem

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Quote from: shainasaz on November 05, 2017, 08:56:41 PM

I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.

Well in our situation today I think our government will not focus on this thing, cause we our facing several issue which affects even the himan rights, but as far as I know our BSP has conducting rsearch regarding Bitcoin , and what can it cause to increase our economy as well as how can it be substantial in our community.

apolonio

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If bitcoin will be well known to my country then corrupt officials will then want to have some of it.In order for them to corrupt more and more.

anthinguy21

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OPEN GAMING PLATFORM

As existing in my country, the Bitcoin well as other cryptos completely banned by the government because they fear that Bitcoin will affect the economy of the country. But with my personal opinion then I very much hope into Bitcoin, it will be the future of the currency as well as the country's finance me. So I'm still learning and investing in Bitcoin to hope the future will become the currency Bitcoin is accepted globally.

raven7886

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Quote from: bajigur894784 on December 14, 2017, 08:24:10 AM

Quote from: shainasaz on November 05, 2017, 08:56:41 PM

I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.

I agree with you.
But.. The government in my country does not seem to have a clear regulation on virtual currencies including bitcoins. the general attitude of government in my country is still unclear, they just do not admitted digital currency like bitcoin. .. even to determine the bitcoin as a commodity or not also unclear.

Same here! There are some exchanges though in my country and with the KYC going on, on all the exchanges which can be pretty tight, then I am sure there are some silent regulations going on even if it is not fully announced.

Bitcoin is going to be a great one for any country that really utilizes it and see something great in it, but due to greed and corruption, some countries may actually see the benefit as a disadvantage for them rather than thinking about the country itself.

Liquidathor22

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Almost all of the governments in the world opposes bitcoin. They can't control it, they can't regulate it. They will sure make a move to stop its rise.

batang_bitcoin

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Quote from: katarin2030 on December 22, 2017, 01:46:08 AM

Quote from: batang_bitcoin on December 21, 2017, 05:40:35 PM

Other countries / government may ban bitcoin if they wish to do it so but there are still some countries that are recognizing bitcoin. In my country, the Central Bank already knew the existence of bitcoin and cryptocurrencies and they have been alarmed and amazed on how much our countrymen is earning through it. But what they did is they don't advertise any crypto or exchanger but they are warning people about it for being used for illegal activities and as a citizen we just have to follow their directives and warnings about it. And the good thing is they didn't ban it.

Already in my country government knows the use of bitcoin and bitcoin is not official here, as it comes under the scanner of IT department, recently they have said that they have already made a survey on bitcoin users and investigating the use of cryptocurrency. It is better to make official and by that they can charge like taxation thay would be better way of handling it.

They can do whatever they want, they know how to use it and it's up to them if they'll declare it as something to avoid for or not. There's no need for them to make a declaration about their support to bitcoin and make it as an official thing. They can just put some regulations and rules on how they will take over the use of bitcoin but they can't control it's main value and volume of trades but yeah expect taxation.

millgates

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Quote from: shainasaz on November 05, 2017, 08:56:41 PM

I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.

We can get the optimal profit if we buy bitcoin in the right time. Now is the right time to buy bitcoin, although I don't know what will happen in next year but we should be optimistic.

katarin2030

full member

Activity: 406

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Quote from: batang_bitcoin on December 21, 2017, 05:40:35 PM

Other countries / government may ban bitcoin if they wish to do it so but there are still some countries that are recognizing bitcoin. In my country, the Central Bank already knew the existence of bitcoin and cryptocurrencies and they have been alarmed and amazed on how much our countrymen is earning through it. But what they did is they don't advertise any crypto or exchanger but they are warning people about it for being used for illegal activities and as a citizen we just have to follow their directives and warnings about it. And the good thing is they didn't ban it.

Already in my country government knows the use of bitcoin and bitcoin is not official here, as it comes under the scanner of IT department, recently they have said that they have already made a survey on bitcoin users and investigating the use of cryptocurrency. It is better to make official and by that they can charge like taxation thay would be better way of handling it.

dongyi17

full member

Activity: 616

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FRX: Ferocious Alpha

they're now beginning to be aware of it, they still studying it and some are skeptical about it and warn the investor not to easily invest instead to scrutinize it first or study it before they will do it. more and more people are now using Bitcoin in our country

BTCMILLIONAIRE

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Quote from: reymartH on December 21, 2017, 07:28:09 PM

Many country nowadays are aware of bitcoin. I believed they are in the process of investigating of bitcoin in their country is good or bad for the people and in their economy.

I don't think there's any country left that isn't aware of Bitcoin at this point. It's too big to remain unnoticed.

reymartH

member

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Many country nowadays are aware of bitcoin. I believed they are in the process of investigating of bitcoin in their country is good or bad for the people and in their economy.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Other countries / government may ban bitcoin if they wish to do it so but there are still some countries that are recognizing bitcoin. In my country, the Central Bank already knew the existence of bitcoin and cryptocurrencies and they have been alarmed and amazed on how much our countrymen is earning through it. But what they did is they don't advertise any crypto or exchanger but they are warning people about it for being used for illegal activities and as a citizen we just have to follow their directives and warnings about it. And the good thing is they didn't ban it.

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