Topic: What will happen if the government know bitcoin in your country? - page 18. (Read 4661 times)
November 26, 2017, 12:47:28 PM
I think that bitcoin is already known by our government cause it is legal in our country. Sometimes it depends in government whether they will block bitcoin in their country or they deal with it. Cause we all know that bitcoin can do something better in terms of industry right. So that is my answer.
November 26, 2017, 12:44:31 PM
Im pretty sure that my government are known and aware what is bitcoin about. Infact bitcoin is legal in our country. Its good in our industry cause bitcoin reduce the numbers of unemployed in our country.
November 26, 2017, 12:38:19 PM
In my country all prerequisites are designed to develop technologies in this directions.they have created special projects,wich help to be liberal environment for this sphere,by this the economy of country is developing.for example mining company-bitfury has invested hundred million US dollars,wich is good for both.so i think that they will not ban bitcoin,they are doing everything to develope technological-economic relationships.at the same time in my opinion there would be monitoring job created by central bank wich monitoring illegal transactions,if investigative authorities will doubt in it.
November 26, 2017, 10:15:01 AM
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.
It depends to the government whether they’re open minded for virtual currency like Bitcoin. Some countries have already banned the use of Bitcoin but some of counties are also open to legalize cryptocurencies. Technology is growing throughout the time and people find the way to make the transactions of their money faster without any hassle. I think government will not ban bitcoin unless they see that it could affect and other threat to their current economy.
In my country, the government are active for the current situation about cryptocurrency especially bitcoin besides the government plans to legalize cryptocurrencies and considered them another secure currency but it should be under the regulatory code of the country.
November 26, 2017, 09:38:36 AM
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.
No it will not be banned. Bitcoin here in my country is I think legal because there is no announcement pertaining to its legalization. But it is supported by banks and remittance center here. If you want to convert your bitcoin into fiat you can get it to banks and remittance center. As logn as it will do harm to any people, bitcoin is okay.
November 26, 2017, 09:34:58 AM
If the goverment know about bitcoin, there is a possibility of tax deduction because the goverment recognized that bitcoin is big and profiatable. because many people are earning money for free so the goverment want to earn money through the tax from bitcoin user, in my country here in philippines i think our goverment here aware about bitcoin
November 26, 2017, 09:32:25 AM
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.
Not exactly. Countries who have banned the cryptocurrencies have different reason for banning them. Some of them banned the cryptocurrency-IPOs and not the crypto currency trading. Lately Because IPO have turned into the easy way of raising money and vanish with it in thin air. Thus as precaution against such practice many govt banned the IPOs. Out of ~194 countries in this world only 5-6 countries have banned the cryptocurrencies in totality. Rest of countries are recognizing the bitcoin and crypto in one way or other. That is some countries have recognized it as form of wealth, digital wealth, asset and so on. According to the recognition tax is levied on it. If government is collecting tax on something that means government has recognized it. And it is not illegal. Bitcoin is helpful for transferring the money from one country to other country easily. For that matter with further development there will be more efficiency in the bitcoin transaction. 
November 26, 2017, 09:30:11 AM
I think our government knows about bitcoin now and is just to busy to make it as a priority, to many problem have been occurring like terrorist acts, drugs and much more.
I hope they will embrace bitcoin like what is happening in japan today.
Bitcoin is now too much popular and is present in almost in every country of the world. Bitcoin popularity is increasing which is now compelling the government to take any step about bitcoin, because still most of the states are silent and they do not have any statement about bitcoin, but with then increasing need of bitcoin to be use for online purposes we can hope that like Japan they will also turn bitcoin as legal currency and we will become able to use bitcoin for different purposes. I hope they will embrace bitcoin like what is happening in japan today.
November 26, 2017, 09:28:02 AM
There are two options:
1) If the government sees bitcoin as beneficial to the state, perhaps the government will announce to the public to use bitcoin (legalize bitcoin)
2) If bitcoin can harm the state, surely the government will ban the use of bitcoin in the country (Bitcoin is considered illegal).
1) If the government sees bitcoin as beneficial to the state, perhaps the government will announce to the public to use bitcoin (legalize bitcoin)
2) If bitcoin can harm the state, surely the government will ban the use of bitcoin in the country (Bitcoin is considered illegal).
November 26, 2017, 09:06:57 AM
It depends on country, cause some of them will want to earn some by making tax or just getting some parts of it on every transactions and some of them will just let bitcoin live.
November 26, 2017, 08:54:55 AM
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.
Maybe some will don't like bitcoin in our country because of the news that bitcoin is a scam.As my cousin in Las Vegas Warn me that l will never be connected in bitcoin
She said that l will just waste and giving my money if l joined to bitcoin.l explained her that it's not true but she never listen to me. I just shut up my mouth because bitcoin gives me all my needs not only me but all people in our place are working at bitcoin. Bitcoin is really a big help to us. Not only for our finances but to save money for the future of my kids. And the best thing is l have a chance to be rich. Because my sister now is a millionaire just because of advertising bitcoin. So maybe some will reject bitcoin in our country but majority will go for bitcoining because it is proven in so many places that they reach their dreams in bitcoin.
November 26, 2017, 08:28:54 AM
Scope or popularity of bitcoin is limited in my country. Only people working with financial institute are aware of bitcoins. In metropolitan areas we have bitcoin exchanges. Bitcoin is more used as an asset rather than currency, people in our country have mobiles with internet connections but they prefer fiat currency for daily transactions. Bitcoins legal status is not yet determined by the government. But Central bank is warning citizens against use of any cryptocurrency. To prevent use of bitcoin in criminal/illegal activities, government is planning to regulate bitcoin.
November 26, 2017, 08:27:29 AM
I think here in our country, they will not ban the bitcoin but rather they will try to control it because of the opportunity it has. Bitcoin is very powerful in fact, there's a chance for it to change the economy of one's country so they will do everything in order to control it.
November 26, 2017, 08:25:09 AM
Our government just recently knew bitcoin but not the whole story of it. They just depend on what people are saying without making investigation if it's a fake news or not. What I'm talking about is there are people that claimed that bitcoin is a scam and this made me laugh. People who uses bitcoin just to deceive others are real scammers and not the bitcoin itself. Just come to think of it
November 26, 2017, 08:19:18 AM
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 is no fresh news for my Government, we have exchanges, ATM's and so on and, till now nothing happened, no regulations or what so ever. But who knows what future brings. 
November 26, 2017, 08:06:51 AM
In our country, we are gradually adopted bitcoin, in fact our Government are planning for the cryptocurrency regulation and have been classified as securities to regulate the cryptocurrency under our country's regulatory code. They also plan to approve and issue licenses for cryptocurrency exchanges in our country. By the way, I am from Philippines and its part of third world country.
November 26, 2017, 07:44:15 AM
I think if the government know bitcoin in our country it can be ban or legalize it. If that's happen there will be some rules that would implemented that the government would benefit and control the bitcoin community that will affect that country.
November 25, 2017, 11:03:09 AM
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.
The thing is our government already knows he existence of bitcoin and the utilization of bitcoin by the people in our country. Still, the government hust ignores it, and does nothing to stop it nor to promote it. Bitcoin has been also shown in media.
November 25, 2017, 10:14:52 AM
The government in my country recognized the used of bitcoin also but all they know about bitcoin is full of scammer peolpe on it which making some false testimonials to recruit more client to invest on their site they dont know yet what are the positive information of bitcoin just the negative side on it. Im very shocked on that time when i saw bitcoin logo on tv news. Lol
November 25, 2017, 09:43:31 AM
It depends on the way of their thinking. Most of our countries accepts Bitcoin I think. Only few who declares Bitcoin is totally ban in their country.
It is the reason why the bitcoin is being happened now. I can see how fast the bitcoin will give us the high profit and the amount of the bitcoin will give you the huge pump in the price of the bitcoin. it is good to be in the hurry using the bitcoin because now the bitcoin profit is high and the price of the bitcoin is the main thing now if you are willing to invest just be in touch with the bitcoin. Jump to: