I doubt that the government can do anything significant to bitcoin if they know about its existence. The government controls everything in their countries, but they can never control bitcoin because it is decentralized, anonymous. Using bitcoin will give you the chance to hide all of your information from the government
Exactly! There is no one in this world who can directly affect bitcoin. It is because of the reason that bitcoin is decentralized in nature which makes it independent form all the rules and regulations. In simple words, there is no one in this world who can directly control bitcoin one way or the other may it be government or someone else. Government can hardly have any influence on bitcoin. 
Topic: What will happen if the government know bitcoin in your country? - page 24. (Read 4664 times)
November 13, 2017, 11:55:11 PM
November 13, 2017, 08:45:48 PM
In many countries, bitcoin can't allow to use.Probably government think that the economic side is slow down for it.Actually, it isn't true.Bitcoin is a profitable business. Here's people work hard and invest on it.On the other hand,my govt is not sincere to use this in our county. It is very disappointed and dissatisfaction for me.If the government know bitcoin in any country what will happen it depends on this country's government.
November 13, 2017, 08:33:10 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 has known bitcoin and as you say the law has banned it. This is what really made me feel depressed when I tried to use it. I could face the law. 
November 13, 2017, 08:27:25 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 dont think that government do not know that bitcoins exist and is been using in our country, I know they know that because we have a banknthat accept bitcoins in exchange to money and we can easy withdraw our bitcoins in a real cash using that atm machine that banks have. And even though the government knows about thus I do not think that they will banned it because a lot of unemployed people are going full time in this which makes then incapable on doing some bad thing because this would be much easier to do than to steal money and much profitable than it.
November 13, 2017, 08:00:27 PM
Are you sure they will ban it? Dont think they can unless they ban the actual crypto exchange websites. They cannot per se ban the use and ownership of btc since for them to do this must mean they have absolute control over the internet which i highly doubt since the US itself doesnt have full control over the internet. If a country is to ban it id say ot would start with the US.
November 13, 2017, 06:12:10 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.
Most of the governments are well aware of Bitcoin and its impact on economy but all major decisions require patience and time to take, in my country the government was so busy to make our country the most safe and beutiful, and they i think they dont know about bitcoin
November 13, 2017, 09:45:28 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.
The government in my country recognized the used of bitcoin even though it was not yet declared legal. People here arr are using it as a form of payment, so far we dont see any sign the government would ban it.
There were countries who sees bitcoin as a threat to their economy such as Venezuela and China, those government sees the larger picture. Once newbie like us looks at bitcoin we would think that this would affect nothing but instead it is beneficial for us. But the fact is that, even we could gain profit from this,some Government dont see anything that this benefits them. Simply because they dont have the full control over it, because they dont have the full control, people could and tend do illegal activities which then becomes a threat for the government.
November 13, 2017, 09:27:46 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.
I dont think that government do not know that bitcoins exist and is been using in our country, I know they know that because we have a banknthat accept bitcoins in exchange to money and we can easy withdraw our bitcoins in a real cash using that atm machine that banks have. And even though the government knows about thus I do not think that they will banned it because a lot of unemployed people are going full time in this which makes then incapable on doing some bad thing because this would be much easier to do than to steal money and much profitable than it.
November 13, 2017, 09:06:59 AM
I doubt that the government can do anything significant to bitcoin if they know about its existence. The government controls everything in their countries, but they can never control bitcoin because it is decentralized, anonymous. Using bitcoin will give you the chance to hide all of your information from the government
If the government gets to know about the Btcs in the country they would probably not take any step to ban its usage or to take the whole system under control. This is because Btcs are anonymous although with some kind of imperfection. They do not belong to anyone so it is always possible to continue with the use of these coins even after being noticed by the law making authorities.
November 13, 2017, 08:43:18 AM
It depends on the nature of the country's main economy, when it relies on strong export its no good news are bitcoin could facilitate local currency going overseas, similar like how money laundering works to avoid taxation or anonymous huge transaction that was deal upon illegal stuff, on the other hand small countries that eager for foreign investment as well basically want their people to have more buying power, would embrace bitcoins in their economy, take Thailand for example it's excited to see their implementation to enhance tourism as well Japan to maximize their exposure within cryptocurrency and existing goods/services.
November 13, 2017, 07:58:35 AM
I guess in our country, the government already knew about Bitcoin. Actually we have Bitcoin wallet here that was created by local people here. And I think they are not against totally, but some public person are against and telling negatives about Bitcoin.
November 13, 2017, 07:53:23 AM
That's not really possible to keep track of the users as well to make the people stop the usage of bitcoin. These days governments too have the plans of making use of bitcoin, than abolishing it. Because people tend to use it one or the other way, so that it's not possible to abolish it. Expect more countries to get into bitcoin usage and make it grow higher same as that happened when Japan entered the community.
Nothing will happen to bitcoin because the government already know about it and it also know the users of bitcoin here so I think they allow bitcoin to help our economy and reduces unemployment from here and that’s why day by day its users are going to increase in my country and it work in any part of my country as well. 
November 13, 2017, 05:40:58 AM
I think all the governments in the world know about bitcoin. only, there are some who use bitcoin, and some that make it illegal. Well, the government sees different things with bitcoin. whether it is profitable for the country or not, which is certainly currently bitcoin development in the real world is not so fast.
November 13, 2017, 05:39:11 AM
I probably know that Government is knew that bitcoin is really existed. Cause look every country there was a thousand and more that bitcoin miners.
The main factors of Bitcoin or other crytocurrencies is Government. Cause nobody owned Bitcoin. So if the government will interfere in bitcoin. Bitcoin will dump his value.
The main factors of Bitcoin or other crytocurrencies is Government. Cause nobody owned Bitcoin. So if the government will interfere in bitcoin. Bitcoin will dump his value.
November 13, 2017, 05:25:32 AM
That's not really possible to keep track of the users as well to make the people stop the usage of bitcoin. These days governments too have the plans of making use of bitcoin, than abolishing it. Because people tend to use it one or the other way, so that it's not possible to abolish it. Expect more countries to get into bitcoin usage and make it grow higher same as that happened when Japan entered the community.
If we look at the graph of performance of the bitcoin since the time it was introduced to this world, then we’ll get to know that there is nothing better than investing in bitcoin. All the governments are well aware of this thing that bitcoin is very much capable of making the economic condition of their country better. I don’t think so that any government will be having any kind of trouble if bitcoin is being used in their countries.
November 12, 2017, 11:53:03 AM
If the government will have an idea about they will try to destroy it if it will bring destabilitation on the economy.For now people thinks that bitcoins are scam so for now they wouldn't care.
Probably they won't if they want to help their people's living. Bitcoin is giving hope to the people to have a better life, although the government won't benefit on this but maybe they should have to look for the benefits of the majority. I think, is the best way to be made by the government is just to support this. The other option is to regulate bitcoin and collect taxes so the government will have a share on these. November 12, 2017, 10:13:24 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. November 11, 2017, 10:29:55 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 is going to have a double effect, in one hand the economic benefits of bitcoin are going to be great for the general population but at the same time it is going to have a negative effect in the banking industry and in the amount of taxes governments are able to raise and since those two are extremely powerful in our society then it is likely we are going to see a banning of bitcoin with the excuse that it is for the greater good. November 11, 2017, 10:15:24 PM
If ever the government know about bitcoin in my country I think it will be regulated by the government and would want to moderate it if they knew how much its worth. Although a lot of people already know about Bitcoin and other cryptocurrencies they still are not doing anything about it or maybe are planning to regulate it.
November 11, 2017, 10:04:57 PM
My the government know bitcoin and will find forms of regulation of the crypto-currency, introduce restrictions.
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