Topic: What will happen if the government know bitcoin in your country? - page 27. (Read 4664 times)
November 08, 2017, 01:41:34 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
November 08, 2017, 12:47:27 AM
Bitcoinis is not known in every part of my country.
People from metropolitan cities knows it.
We have bitcoin exchanges in our country.
Government itself has not decided the status of bitcoin in my country.
Its not banned transactions of bitcoin.
They are studying effects and side effects of bitcoin on our economy.
Central bank of our country advised its citizens not to use cryptocurrencies.
Many Asian countries which earlier allowed bitcoin as a legal tender are trying to regulate it as they fear the decentralised crypto money is getting used as a medium under the dark web for transacting illegal drugs and terrorist activities.
People from metropolitan cities knows it.
We have bitcoin exchanges in our country.
Government itself has not decided the status of bitcoin in my country.
Its not banned transactions of bitcoin.
They are studying effects and side effects of bitcoin on our economy.
Central bank of our country advised its citizens not to use cryptocurrencies.
Many Asian countries which earlier allowed bitcoin as a legal tender are trying to regulate it as they fear the decentralised crypto money is getting used as a medium under the dark web for transacting illegal drugs and terrorist activities.
November 08, 2017, 12:44:12 AM
Bitcoin gives advantage to the user not for the country, so it is reasonable if the government want to banned bitcoin, but bitcoin also give a good effect for the country, people can get more money and there are a lot of new job appear after bitcoin come out, so the best idea from government is to regulated bitcoin, my government already aware of bitcoin but he hasn't take any action yet
That should be the best thing to do to legalize bitcoin.In my country,i really think that the government has not been aware of the occurrence of bitcoin.Maybe if the government knows it already,i'm sure they will study it first before deciding to legalize or banned it on the other hand.And i don't think banning bitcoin is a reasonable thing,they should be thankful instead because through bitcoin unemployment in the country will be minimized. November 08, 2017, 12:38:50 AM
BTCIn Russia, they tried to introduce laws, according to which, a person could be imprisoned for using bitcoin. Now some crypt exchange providers are blocking, providers are blocking cryptsites, ICO projects. All this is because, the money goes past the ticket office and they do not control them. They try to prohibit and immediately create a cryptorubl, which is taxed. 
November 08, 2017, 12:25:35 AM
Bitcoin gives advantage to the user not for the country, so it is reasonable if the government want to banned bitcoin, but bitcoin also give a good effect for the country, people can get more money and there are a lot of new job appear after bitcoin come out, so the best idea from government is to regulated bitcoin, my government already aware of bitcoin but he hasn't take any action yet
November 07, 2017, 11:29:15 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 philippines i think if they are already aware of what bitcoin really is,they will probably put tax,which i think is not a good one.the small earners like me will be the one really affected.every transaction will have tax plus the miners fee and add the widrawal fee.just think how much will they earn.while small earners like us almost nothing to left.well i think much better than getting banned right?
Same here, I live in the Philippines. We already know what government we have. As expected there will be a tax on every transaction we have, like processing fee or even just buying in supermarket tax is always at our side. How much more on bitcoin having a good equivalent peso from one bitcoin for sure our government will want a share. I know someday it might be happened, so for now we're so lucky that we already know about bitcoin and to earn more of bitcoin. Hopefully our government will study and gain knowledge about bitcoin that makes everyone of us to be comfortable and easier to make a good economy.
November 07, 2017, 11:24:43 PM
If the government know in my country then they will doubt it for the first few times for sure because they will find out something that will give them doubt like fast growth, anonymity and so on and so forth so i think that the government will do research for it at first because they want to learn what it is and if it is a bad thing then they will immediately ban it for sure.
November 07, 2017, 10:57:27 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.
The government in our country knew about bitcoin and even major media outlets are talking about it. They didn't make bitcoin illegal but instead warn the people to always be careful in our money because it is not regulated so they cannot protect the people in case of issues. Many are still thinking it is scam but there are also some who are making bitcoin their main source of income because earnings in bitcoin are higher than working offline for some people who earn the minimum amount of salary and the recent surge of bitcoin price proves this making some earn double than their previous jobs.
November 07, 2017, 10:46:45 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 don't think all countries ban bitcoin depends on their respective government policies, as some countries have successfully adopted bitcoin and legalized it. And certainly in the future we expect bitcoin legalization will continue to increase in various countries. Because support from the government is able to give high confidence to bitcoin for all parties and comfort to bitcoin users in that country.
November 07, 2017, 10:40:27 PM
The whole world knows about the bitcoin and so as to each and every government knows what bitcoin is, this is in reference to your title.
Well, it depends country to country and how their government think about the bitcoin. Some countries might find good use of it in the near future but some of them may not so they will just ban it. While on the other hands there might be complete private organisation that may arise and work with government to implement the bitcoin and other crypto currencies to fro developing the economy of country through it.
There are still big countries whoa re having pending decision on how to really regulate the bitcoin or let it work the way it is working at the movement. (Which won’t last long).
November 07, 2017, 10:07:26 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 think, It depend on the government's perspective or point of view toward bitcoin. If they find it good, then good news for us, if not, let's face the reality.
November 07, 2017, 09:23:31 PM
With a few exceptions (like probably China and maybe Venezuela and Russia), I don't think that most governments see bitcoin as a threat to their power. Where they do try to regulate it, I think they're more concerned about the potential for abuse (e.g., fraud, money laundering, etc.), as well as scams (e.g., a lot of ICOs).
November 07, 2017, 08:59:43 PM
I think the government will know already about bitcoin because its already regulated in my country, because the government sees it that bitcoin is a big thing to every people, and its a opportunity to the people because it give a chance to earn and invest and it can solve problem of my country due to poverty and unemployed people. I think the government will fully legalize bitcoin in my country because it can help lot of people and to the transactions.
November 07, 2017, 08:08:17 PM
The government already knew about existence of bitcoin and its controversial but the government have not care about that so much. Bitcoin affects still not spread into internal economical significantly.
November 07, 2017, 06:19:47 PM
some countries actually ban bitcoins just like in china and in ruusia because they see bitcoin as a great problem that might have affect thier company because as we see bitcoin is already dominating all over the globe ...
I will correct you, Russia and China didn't ban Bitcoin. China banned ICO and closed exchangers activity. Russia is only planning to follow the same methods, but they announced the necessary moves are going to be done only the next year, so for now Russia stay free zone for Bitcoin and all altcoins. And I doubt those countries see danger in Bitcoin and it's domination, they only try to control it to make it work on them.
November 07, 2017, 06:01:19 PM
Nothing is wrong if they know it because this one of the poverty solution. Here in my country Phils.they know about but no feedback from our government.
November 07, 2017, 05:29:02 PM
Maybe you are right. Governments need centralized coins not decentralized.
November 07, 2017, 05:11:25 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.
Actually, we are not sure if what will happen if ever the government will know about bitcoin. But I read some articles related to bitcoin and it is stated that the government in my country are open and willing to accept bitcoin but they are not yet confirming if when they will really allow bitcoin to become part of currency in our country. Because they will still conduct an investigation about this if it will not harm the economic growth in the country because if they will find it as a threat to the economic growth, I'm pretty sure they will not allow bitcoin to be part of the means of payment.
November 07, 2017, 04:48:04 PM
Bitcoin is not regulated or legalized in my country, it is not supported as payment method offline here. But government know about it and allowing people to deal with it , because it is helping so many unemployed people, and giving them a source of income.
November 07, 2017, 04:39:51 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.
No,it is nothing like that. Governments don't care about bitcoin ,all they care about is that their people shouldn't be scammed and people should pay appropriate tax on whatever they earn. If this is not taken care by people voluntarily in a country then the government will have to force a situation and make some new rules and regualtions just for the sake of their own people. Jump to: