What will happen if the government know bitcoin in your country? - page 13.

BTCMILLIONAIRE

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Quote from: drunkbillmurray on December 21, 2017, 03:36:15 PM

Quote from: shainasaz on November 05, 2017, 07:56:41 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.

In my country the government already is aware of blockchain technologies and there is a plan to make taxes over it.

Most countries already tax Bitcoin, or at least they try to.

Brunusmagnus

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Omnity - Unifying Knowledge For Faster Insight

I think that most of politicians still don't realize how big will be the crypto revolution.
Sure, they will try to control, to ban, to tax... but probably they will fail. We'll see.

dynospytan

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Quote from: shainasaz on November 05, 2017, 07:56:41 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.

In our country digital currency is popular and the our government knows it. Our government only don't like those people who have done scams to other people that's why they're always giving a warning or advise that you need to be careful of those people nowadays.

drunkbillmurray

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Quote from: shainasaz on November 05, 2017, 07:56:41 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.

In my country the government already is aware of blockchain technologies and there is a plan to make taxes over it.

btcjocan

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Quote from: doomloop on December 21, 2017, 01:01:57 PM

Quote from: AjithBtc on December 19, 2017, 07:48:59 AM

As the price had increased much high in a very small time period, suddenly in my country government has been working seriously to regulate bitcoin. Maybe this could affect the user network to some extent, because in my country already the economists were not that good in analyzing the goodness of digital currency.

Wow what an amazing news it is because now if government will take interest in bitcoin it means bitcoin is going to have bright future and secure present but if you are not sure about bitcoin that weather government will accept bitcoin or not then just wait for it and till then you should not sell your bitcoin and hold it tight so for sure it will be a great thing for bitcoin users.

I don't think so that the government politicians had a good stand against bitcoin if they've discovered it that people were getting profit beyond their regulations. Most of the leaders who had devious visions, specially money is all involved with bitcoin; there might be a possibility of strict regulations that might overpower the decentralized currency bitcoin. The exchange sites whose operating bitcoin trading in our country might be in fear of closure if most of the leaders decided to stop bitcoin operations, particularly earning it within our freedom. Hopefully that will not be imposed, because many users who holds bigger amounts of bitcoin will be in fear of massive fall down of price value, and unworthy investment so far if being banned or controlled.

Shenzou

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Quote from: shainasaz on November 05, 2017, 07:56:41 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.

If goverments in my country actually give a shit about bitcoinj they will ban it, not only people who are using bitcoin in my country are becoming rich they are noly students and young people who don't really have a job so they don't have to pay taxes to the goverment, the local currency is becoming sday by day worthless compared to the dolalr let alone 17k dollars, i know for the fact that govermnts who can't controll the bitcoin and they are afraid of it so they ban others belive it is a buble and sonner or later it will colappse so they use it to their advantage.

VeverkaT

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Back in 1945 there were very interesting Nazi laws.
For example, if you were Jew, you should be killed.
Laws can be stupid. Any law banning bitcoin is simply stupid.
We need smart laws, laws for people, not for politicians.

doomloop

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Quote from: AjithBtc on December 19, 2017, 07:48:59 AM

As the price had increased much high in a very small time period, suddenly in my country government has been working seriously to regulate bitcoin. Maybe this could affect the user network to some extent, because in my country already the economists were not that good in analyzing the goodness of digital currency.

Wow what an amazing news it is because now if government will take interest in bitcoin it means bitcoin is going to have bright future and secure present but if you are not sure about bitcoin that weather government will accept bitcoin or not then just wait for it and till then you should not sell your bitcoin and hold it tight so for sure it will be a great thing for bitcoin users.

Noilee

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In my country, The government know already bitcoin and they already legalized since a years ago. Because they see bitcoin is a big help to the people most especially to the unemployed people, so they legalized bitcoin so that most people have an opportunity to earn extra income and for their needs. They consider that bitcoin is a great opportunity that come to our country. They support bitcoin, just for the people in my country.

yndye

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Our government know about bitcoin but do not have regulations implemented yet but they are thinking of regulating it according to some news circulating in our country today. They already grant a license to a local exchange though in buying and selling bitcoin so we can freely buy and sell the coin using our fiat money but it is exclusive for bitcoin and I am hoping they will add other coins as well like Ethereum and Litecoin because transaction fee in bitcoin is high compared to other two.

Activitycoin

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Quote from: Choyor on December 18, 2017, 08:40:39 PM

In my country is very open to new things, Bitcoin is no exception. The use of Bitcoin has been recognized in my country even though the government has not yet legalized it. Although Bitcoin is not legal yet, Bitcoin users in my country are very high.

Bitcoin can’t be hide in any country because bitcoin is a digital currency and its available on internet so I think every sing country know about bitcoin and they know very well that its people are using bitcoin and in my country bitcoin have almost seven years and now our country realized to make bitcoin legal because they know how bitcoin is important form them bitcoin reduced unemployment in my country and now it’s very easy for my country to make it legal because bitcoin is good for my country.

Gabrieelle

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Quote from: sp01_cardo on December 19, 2017, 09:01:50 AM

Quote from: shainasaz on November 05, 2017, 07:56:41 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.

Bitcoin in some countries is illegal and in some it is not. In our country it is legal but even if our government accepts bitcoin, they dont tolerate people to join and they also warned all people not to invest in bitcoin because they said that it is only a scam.

Most of the government in some countries tells their people that bitcoin is a scam to discourage them from using it, some of them call it a bubble ready to burst. For people who don't have any knowledge about bitcoin it will be easy for them to believe this accusations from the government but for those who understands bitcoin they know the benefits they're getting from it.

Bitcoincole

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Quote from: Xanxus024 on December 19, 2017, 10:16:11 PM

So far in my country bitcoin are not yet legal and not yet ban but the government are planning to make a bill about bitcoin,when i watch a news government want make a list of bitcoin holder so as a bitcoin holder you must declare bitcoin as an asset and I'm sure this kind of move by the government they want to put a tax in bitcoin and I'm worried because it may lead to corruption.

Well, in the case of my country, the government and national bank authority and agencies recognized the bitcoin or the digital currency as another source of foreign money. Good thing of the President and the cabinet, they never strick this kind of jobs having thinking the goodness to the people it brings.

Xanxus024

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So far in my country bitcoin are not yet legal and not yet ban but the government are planning to make a bill about bitcoin,when i watch a news government want make a list of bitcoin holder so as a bitcoin holder you must declare bitcoin as an asset and I'm sure this kind of move by the government they want to put a tax in bitcoin and I'm worried because it may lead to corruption.

Singwala

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In fact, our country's government knows bitcoins. And this is their approval for our transactions. It is legal to us. But we have policies that we must follow as well as our cash balance states set on bitcoins. To be more legitimate and not to be charged with money laundering

MoneyMotivatesMe

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They already know about it and they are warning us and treating is a very risky investment which is true but they did not mention it's benefits and its technology.

kolbalish

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Crypto Article Sharer!!!

In my country, government already knew about Bitcoin and didn't legalize this as a currency. But I still can't know why government didn't legalize this.

BTCMILLIONAIRE

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Quote from: Sweeet123 on December 19, 2017, 12:28:02 PM

Quote from: shainasaz on November 05, 2017, 07:56:41 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.

Government will try to control the amount of bitcoins that can be stored per person,probably they might impose taxes on bitcoins

Except that they can't do that. They can only control some of the fiat gateways, and only to some extent. Taxes on Bitcoin already exist, but they can not be enforced for the first time in human history.

Sweeet123

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Quote from: shainasaz on November 05, 2017, 07:56:41 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.

Government will try to control the amount of bitcoins that can be stored per person,probably they might impose taxes on bitcoins

Liquidathor22

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Quote from: Crafts12 on December 19, 2017, 09:17:16 AM

Quote from: shainasaz on November 05, 2017, 07:56:41 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.

If the government knows about the idea of bitcoin in their country, two things might happen. It is either the government will ban it in their place or legalize it. There are already some countries in the world that ban and legalize bitcoin in their place.

I think the government already knows bitcoin, but still don't consider it as a treat to them. Some countries think it as a way to decrease value to their currency that's why they banned it.

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