Topic: What will happen if the government know bitcoin in your country? - page 22. (Read 4664 times)
November 18, 2017, 06:34:02 AM
Actually, Bitcoin is legally accepted here in our country. But there are still a lot of countries that don't accept Bitcoin, due to a lot of different reasons. Like what you've said Bitcoin, Financially speaking is a great help especially to those who aim to earn extra income with or without investing. In our country, Even before it get legalize there are already a lot of users patronizing Bitcoin and upon legalization, this year Medias are now advertising Bitcoin and the Government is supporting it.
November 18, 2017, 06:24:11 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.
In europe bitcoin is very popular and it is gaining more an more fans and investors, and i think that the Government knows about cryptocurrency but they don't take it serious yet. November 18, 2017, 06:08:16 AM
Not all countries will ban bitcoin, in the presence of bitcoin actually facilitate financial traction that has been complicated with conventional transactions, it's just that countries need to understand bitcoin so that it can adapt bitcoin technology in their financial transactions to be able to invite many investors to their country
November 18, 2017, 03:52:28 AM
It is not surprising that the government knows we are using Bitcoin because in my country, Bitcoin is not granted but is not approved. Bitcoin ATMs grow throughout the city, but they are not used much because few people use Bitcoin. Besides, only one bank accepts transactions with Bitcoin and it is also the largest bank in my country. Bitcoin is too alien to the people, if more and more people know it, perhaps the government will soon accept it
Not few now bitcoin is used frequently all over the world and its usage rate has also increased and if my government knows about this coin they will surely welcome this step and allows it because wise government will always ready to accept new things that give eases to their citizens and profit to them and as bitcoin is the leading way toward the development and profitable business there will be no obstacle. 
November 18, 2017, 03:12:02 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.
In my own point of view, the government of my country will not ban bitcoin because they see bitcoin is very beneficial to everyone who doesn't have any source of income like me. That's why i am very thankful that i know aboit bitcoin because it helps me and family to reduce our financial status. 
November 18, 2017, 02:54:24 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.
If the government in my country knows about bitcoin, i think they would want to pay us taxes because many people in our country are earning money for free and the government doesn't earn any money from people who uses bitcoin, so they also want to earn money from it through taxes.On the other hand it would happen due to the ban on digital currencies at once as they are sometimes used in criminal activity.
November 18, 2017, 02:43:54 AM
I am from Bulgaria, a small country in Europe. If they know Bitcoin, maybe they will impose a high tax on it..
You shouldn’t be afraid of the government imposing any tax on bitcoin cause I don’t see any way for that being possible. What you should be afraid of whether they will ban it or not, because some of the world governments does not accept bitcoin, and lots of them have banned Bitcoin cause they believe it will affect their economy negatively. 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.
November 18, 2017, 01:27:03 AM
The country's government or the central bank (the largest bank) in the country where I live already knows bitcoin, and they say bitcoin is still not legal to be transacted or as a medium of payment to buy anything. The country still carrying the risks and it seems still learning the technology of bitcoin and blockchain more deeper again. For citizens who still sell bitcoin to local currency, doing activities to earn bitcoin by various ways or other crypto currency, that's not prohibited but if get the risk.. it's borne alone consequently.
November 18, 2017, 12:55:22 AM
Hi shainasaz.
There are some countries forbidding any activity related to cryptos, recently Nepal. Venezuela (from what I know).
But some other countries are Bitcoin friendly, Korea taxing transactions, obviously Japan very friendly towards Bitcoin, Singapore as well. Australia willing to regulate, which means they are accepting Bitcoin.
Where do you live?
For those who may care to want to get the list of countries that have officially legalized, unofficially legalized and officially illegalized bitcoin, they can check the link below;There are some countries forbidding any activity related to cryptos, recently Nepal. Venezuela (from what I know).
But some other countries are Bitcoin friendly, Korea taxing transactions, obviously Japan very friendly towards Bitcoin, Singapore as well. Australia willing to regulate, which means they are accepting Bitcoin.
Where do you live?
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
Apparently, for now, just few countries have declared it illegal which to me is more like them being uninformed or they are so not bothered about the fact of trying not to hide their controlling freaky nature to the public which bitcoin is going to take away from them once the masses realize that.
November 17, 2017, 02:14:05 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 in my country knows about bitcoin, i think they would want to pay us taxes because many people in our country are earning money for free and the government doesn't earn any money from people who uses bitcoin, so they also want to earn money from it through taxes.Paying taxes is one simple way to make a contribution for your country, if all of people in your country never pay taxes, I can imagine how backwards your country will be.
NOthing. What is it they're going to do? Bitcoin is a decentralized computer network that spans all over the globe. All you need is a phone and the internet to join the network. They are losing power and losing power fast. They are scared and do not know what to do so they try and trash BTC, but that didn't work so they began talking about blockchain and how important the blockchain is.
November 17, 2017, 09:33:24 AM
It's hard to imagine a government that doesn't know about the existence of Bitcoin, no matter how small or underdeveloped the country is.
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November 17, 2017, 09:31:04 AM
Bitcoin has been banned in some of the countries in the world because of some reasons but here in our country (Philippines), they know that many filipinos are using cryptocurrency already but they don't ban it. I hope this will continue and I hope some if not all of the countries that banned bitcoin will uplift the ban and make bitcoin be usable in their country.
November 17, 2017, 09:25:13 AM
Bitcoin currency has been banned from other countries maybe because it is used on the dark side like using it in some transactions in DARK WEB or DEEP WEB. bitcoin is used to purchase illegal equipment such as guns, drugs, gun for hire.etc. that is what all i know. but here in the Philippines it has not been forbidden yet because the government from philippines has not yet focus to a cryptocurrency.
November 17, 2017, 08:16:27 AM
We can't keep on hiding this for a long time, and most probably the whole countries knew about this but their approach towards crypto is something not in good way. And we all knew that some countries are banning this just because they can't benefits from here at all. But it won't affect the entire crypto especially in bitcoin, instead it makes bitcoin community become more stronger.
November 17, 2017, 08:15:28 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 your right...but its possible that they will accept it.
If they just listen about bitcoin and how it work and how bitcoin help economy
possible they will accept it...
November 17, 2017, 08:05:43 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.
If the government in my country knows about bitcoin, i think they would want to pay us taxes because many people in our country are earning money for free and the government doesn't earn any money from people who uses bitcoin, so they also want to earn money from it through taxes.Paying taxes is one simple way to make a contribution for your country, if all of people in your country never pay taxes, I can imagine how backwards your country will be.
November 17, 2017, 08:01:06 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.
If the government in my country knows about bitcoin, i think they would want to pay us taxes because many people in our country are earning money for free and the government doesn't earn any money from people who uses bitcoin, so they also want to earn money from it through taxes. November 17, 2017, 07:58:57 AM
Do you think the government is not yet aware of bitcoin? I dont think so. I think they are aware of this and mybe they are not yet threaten of this thats why there is not any reactions. It is already rampant to different countries. If bitcoin is a threat they could have banned it already.
November 17, 2017, 07:53:16 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.
If the government of my country knows about bitcoin, i think they will add tax to the people who uses bitcoin to earn money because they also want to earn money by getting the money that we earned in bitcoin. Because if we do not pay taxes i think they will ban bitcoin in our country. November 17, 2017, 07:35:15 AM
The goverment knew Bitcoin is in my country so they prohibited us using Bitcoin for payment. We can sell, we can buy but we can't spend Bitcon to buy anything. That's illegal.
Yeah, if they can't control anything they will list in into the prohibited things. Goverment's things. Jump to: