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Topic: What will happen if the government know bitcoin in your country? - page 3. (Read 4647 times)

newbie
Activity: 26
Merit: 0
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.
Yes, I agreed with you. They will ban bitcoin from people because they see some threat from bitcoin that can make them fall down and they are afraid to lose their financial holdings because of these.
It depends on the country and its government that either the country is well developed or not. Most of the governments banned bitcoin in the past but also many countries have a positive thinking about it, bitcoin is a digital currency and can be used for many good purposes and can also simply be bought and sold. I think now governments will support it rather than putting a ban on it. 
full member
Activity: 518
Merit: 100
Here in they notice bitcoin and even in the news but those are people who made to scam other people that's why they are reported and I don't know if our government choose to do some activity with bitcoin to do some part invest with their money or else they see that this currency can make them lose people of using their currency because of non taxable money they may do some banning of it.
newbie
Activity: 98
Merit: 0
I think the government is very surprised that bitcoin is spread across all countries, is very well developed, it can help all the people who have no fixed income. So the government will not ban it, the people use bitcoin with good intention.

I agree, bitcoin is still not legal here but I know it will be accepted here in my country because it has great help of earning money.
member
Activity: 364
Merit: 10
It will depend on the condition of that country. Some government already banned all activities related bitcoin because it effects on their economy. It is a very expensive coin and no one have to pay any taxes to the government by investing and withdrawing money from this coin so that government is loosing their economical balance.

It will be more aggressive if most of their people connect with this coin so that they can ban this coin. There are some country which most people are workless so that they can change their life by dealing with this coin and if government want that too then it may not affecte by government. No one knows what will happen, we can just predict but I think it will be better if you can deal with this coin without highlight anything.
full member
Activity: 248
Merit: 100
WWW.BLOCKCHAIN021.COM
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.
Yes, I agreed with you. They will ban bitcoin from people because they see some threat from bitcoin that can make them fall down and they are afraid to lose their financial holdings because of these.
member
Activity: 294
Merit: 12
I recently read on this forum that our country seem starting accepting bitcoin. I and my countrymen are very glad to hear that good news here's a thread where I first learn about it. https://bitcointalksearch.org/topic/philippines-is-starting-to-accept-bitcoin-3031991
where bitcoin/cryptos experts, government representatives and some business men held a seminar that talks about the advantages of bitcoin and it's future applications in the industry. It only proves that sooner our country will embrace bitcoin and cryptocurrency and we are looking forward for it.
 This news is an example on how should a govt be reacting at bitcoin, govt should be open with talks regarding bitcoin, to co exist with the current conventional market, and should not be threatened by bitcoin but rather help to uplift the economic status of a country.
member
Activity: 168
Merit: 11
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, they know about Bitcoin and I do not care if they knew it because they can not control Bitcoin and they do not control internet that Bitcoin is there. For me Bitcoin effect is good for me because it helps me to find a job that I have now and there is a good income that I earn. I am sure that Bitcoin is promising to us it will never be disappoint us. Decreasing of the price of Bitcoin is the time to buy btc then when the price is increase is time to sell Bitcoin is like a weather.
full member
Activity: 406
Merit: 100
Governments of almost all countries already know about the BTC. Now many of them are thinking how to take tax on this.
full member
Activity: 406
Merit: 100
Government will ban bitcoin if they saw that this can harm the economy of their country. Many people are entering bitcoin without proper knowledge of how bitcoin works. Because of this why other governments ban bitcoin.
full member
Activity: 532
Merit: 100
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 am thankful that my country is not making any move on banning bitcoin. And recently our government held a meeting with bitcoin experts from other country. I hope this meeting will be a stepping stone for a brighter bitcoin future.
sr. member
Activity: 728
Merit: 275
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.
Yes the perspective truly matters. If we see from our point of view, i.e., the community's perspective, the picture is crystal clear. We are earning well from our investments, trading, speculations and campaigns. So clearly we don't have a problem with the Crypto market. But if you see the other side, government's perspective, the situation is entirely different. They don't see any benefits from Bitcoin. It is all the more a difficult task for them to accept and regulate Bitcoin because of the decentralized mode of operations. So they are reluctant towards acceptance. While certain countries like Japan and Singapore have opened their arms and welcomed Bitcoin warmly. They have their own perspectives to look at things and maybe it is their unique point of view that places them at a better position now.
full member
Activity: 406
Merit: 100
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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.

Will,my government is already know about the bitcoin in my country,and they dont realy bother about it because they believe that they cannot totally serve the whole community of there people,thats why they allowed all people to do a bitcoin,for there other way of living but this not means that they totally legalized cryptocurrency to run in my country,because until now ,theres no law to regulated digital currency  to become legalized to operate.
sr. member
Activity: 826
Merit: 281
in my country , the goverment has know about bitcoin.
and alot negative feedback about bitcoin , but in my county have a largest digital currency exchanges site , the goverment allowed ppl trading bitcoin/altcoins , but the goverment not legalized bitcoin will used as payment system/processor for buy/sell in my country.
member
Activity: 420
Merit: 50
in the philippines they know bitcoin already but they only snob it because they dont recognize bitcoin as a real money because they got already a real currency. They dont want to use bitcoin because they say bitcoin is risky, the is going up and going down there are chance of lossing money when the price go dump.
Its all about earning money theres a lot of techniques and solution to transact on bitcoin this will be a great chances for the people hoping for good lifestyle. My country changing economy growth when they recognize what bitcoin has and what can contribute for the country.
full member
Activity: 420
Merit: 100
in the philippines they know bitcoin already but they only snob it because they dont recognize bitcoin as a real money because they got already a real currency. They dont want to use bitcoin because they say bitcoin is risky, the is going up and going down there are chance of lossing money when the price go dump.
full member
Activity: 340
Merit: 100
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 knows about this bitcoin possibly that they will accept it in their country and legalized. Of course there has a tax involved and lessen to the money we might earn.
hero member
Activity: 798
Merit: 501
maybe the government will panic if bitcoin is used for payment instruments other than the currency of the country, because if people use bitcoin as a means of payment then the country will slowly experience economic crisis because the exchange rate of their country's currency weaken
I think they have to realize and accept the need and importance of bitcoin in the modern time and instead of opposing it they should support bitcoin and just like Japan they should also take a positive step against bitcoin and should turn bitcoin as legal currency. In fact in long term bitcoin is already going to be the main currency of the world.
jr. member
Activity: 182
Merit: 1
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
In as much as we have people who are involved in cryptocurrency in my country, the government are obviously not that really interested in it yet. Other countries rightnow have banned the use of cryptocurrency due to them not being able to control what people can do or how much they have or spend. If they get to know in my country, its a 50/50 thing. Those that are selfish will want it banned and those who have the mind of good business and are not selfish will welcome the idea.
legendary
Activity: 910
Merit: 1001
Revolutionizing Brokerage of Personal Data
Of course all the government knows the existence of bitcoin in his country including also in my country. A lot of polemic that happened recently that caused by the presence of Bitcoin or crypto currency there is banned and there is also support. And that happened in my country bitcoin has not fully acknowledged by the government and is still a debate. but I am sure that Bitcoin will survive in my country.
The fact, the Bitcoin transaction can not manage by the government if they do not know the skills to read all information and use their skills to track the source input/output of transantion in Bitcoin if they ban Bitcoin. Japan accepted Bitcoin because they have ability to know that. Your government banned Bitcoin just because they do not have enough skills to track all things from Bitcoin.
full member
Activity: 644
Merit: 100
maybe the government will panic if bitcoin is used for payment instruments other than the currency of the country, because if people use bitcoin as a means of payment then the country will slowly experience economic crisis because the exchange rate of their country's currency weaken
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