Topic: What will happen if the government know bitcoin in your country? - page 20. (Read 4630 times)

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.

Here in our country bitcoins are really acceptable why did I say that simply because we have a bank that accept bitcoins in exchange to our real cash. So with that I can assume that the government already know about bitcoins existing in our country. And they are the government i am sure that they knew about bitcoins before we even knew about that because that invplves the economy. And I also know that they will never ban it unless something bad happens to our country because of that.

As my government will come to know about bitcoin they will surely take steps to accept this coin because in my region government is really loyal to the citizens and they will go with the decision of their citizens so there will be a bright chance for acceptance of bitcoin in my region and this will happen soon in future because surrounding regions are accepting and our one will never take any stupid decision about btc.

I think every government is aware that bitcoin exist in their country. The only time they will intervene is by the time that bitcoin affected the flow of money. This will affect the economy if it happens. So far, its not happening in our country. Philippine government was very supportive on bitcoins because they know that all of the money coming from here will help their citizen have financial support. Some countries BAN bitcoin because money laundering is chronic in their country. Taxes might be an issue on other countries but its not an issue here so I think we're lucky.

Bad things will happen, they will lock me in jail if i'm using it.

In our country it is not that used enough by people.Only some people believe of bitcoin technology.They too think that bitcoin as a scam.So the government if ever have ideas about it maybe it will put tax onto it.

My country’s government is greedy, they don’t even seem to care for the people and always does things to favor themselves. Well, when evil men are leading, people don’t have rest of mind, except a good man gets on seat. But so far, they seem to have no interest in Bitcoin cause I haven’t seen the government of my country say anything about bitcoin, neither do they disturb those that are into bitcoin. Well, let’s keep calm and use Bitcoin and see what the future brings.

in my country the government and banks already know about bitcoin and they are very afraid of bitcoin due to the transparent bitcoin technology and make the governments fear if they use it for corruption it will be seen.

Agreed! I don’t really think so that government is going to have any kind of trouble with having bitcoin in their country. The only which is troubling the government is none other than decentralized and tax free nature of bitcoin. This is why some governments are banning this bitcoin in their countries. I am very positive that the governments will take positive steps in this aspect.

The relevant authorities in my country will impose tax on activities related to bitcoin. What, in principle, as far as I know, is already trying so hard ...)

I'd be damned if you ever thought that your government still does not know bitcoins. Because clearly they are more ahead of you and your knowledge. Plus they  really do have various sources of information. And everything today can be seen in the internet? I don't think so.

If your government doesn't know about bitcoin, then you are pretty much fucked. Why? Because do they even have an Internet connection? Bitcoin is always mentioned at webpages and even on social media sites whenever it gets a good rise in price. Like today, we reached 8K$ so it's only normal to see a lot of news sites talking about it. There's no other reason as to why your government is not going to know about bitcoin unless they don't have an Internet connection. Considering the fact that they have their own people that are reading information and keeping up with the news and trends, it's really impossible for them to not know about bitcoin.

Bitcoin is known by my government. If you've got a local online wallet that allows you to buy and sell bitcoins, then your government probably already knows about bitcoin because the company have to submit a report for their business. In my country, 6% of your cash out amount goes to the tax. It's really funny how we all talk about bitcoin not having any tax or fees but there's actually a little offset in the exchange amount in the online wallet that we are using to cash out our bitcoins. Even if we don't declare our bitcoin cash outs, you already have paid tax. It's still a lot better than the famous 33% (some even 50%) income tax.

My country’s government for sure knows about bitcoin but lucky, they are nit yet doing anything against it. Though there are countries who really threat their citizens of jailing if caught engaging in bitcoin.

Governments around the world need to learn how to work with Bitcoin as part of a financial system.
The technological revolution is unstoppable, so banning Bitcoin does not make any sense.
It is just matter of time when all governments will follow Japan.

Every governmet know bitcoin. Thanks to our government they are letting us earn money in bitcoin. And there are so many problems here in my country to be resolve first than banning bitcoin.

The government here in my country have knowledge about bitcoin. Goodthing for us they did not do anything. They did not ban bitcoin. The government let us do what are we doing in bitcoin.

We all know that some countries addopting bitcoin or using bitcoin as a source of living. If my country will know about bitcoin,  maybe they dont have any action about it because they prioritize first the problems in my country then we are behind in terms of modern technology.

There are two things that can happen if the government knew bitcoin in a certain country. First is, they can ban bitcoin or any activities that regards to digital currency. Second, they will legalize all the activities of bitcoin in their country. Bitcoin can help the economy of a country to develop so that some of the countries in the world support its idea.

Some country ban bitcoin because some people use bitcoin in evil ways but some country bitcoin is legal and they allowed to use is as mode of payment.
Here in my country, yes, bitcoin is legal but we are not allow to use it as a payment. no stores here accept bitcoin.

If the government know bitcoin in my country maybe they will not entertain that matter instead they will focused on the national issues in the society like poverty, crime,drugs,malnutrition,education and etc. Maybe if one person or a group in the government will tackle or open bitcoin they will give importance unto it.