Well they do know that Bitcoin is within the country, though I've developed a theme that I think the government doesn't think that Bitcoin isn't enough of an issue yet to go forth and ban / do things that will limit the growth of Bitcoin through massive waves of regulation. But as I said, they're not going to do it unless Bitcoin is a real threat - as they don't want to make people angry when they really don't have to do it yet.
It will happen though, NY has already done it and so has the state of Washington. Sadly enough, Government isn't going to give up control and they will stop at nothing to keep control.
Topic: What will happen if the government know bitcoin in your country? - page 31. (Read 4664 times)
November 05, 2017, 10:31:06 PM
November 05, 2017, 10:30:45 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 think if they use to search about the status of their citizens when it is not yet encountered bitcoin to encounter bitcoin is has a big difference from the improvement of like with the help of bitcoin. I think in our country they will not going to ban bitcoin because it helps many lives here. 
November 05, 2017, 10:20:28 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 that they can take any strong/strict action against the bitcoin because bitcoin is decentralised cryptocurrency currencies , and the person who can access internet can access bitcoin also , so here we can say any government can make rule to not to use the bitcoin but can't make any rule to stop the transaction of the bitcoin Because no one has the control in the bitcoin transaction between p2p. Here we can see that many big economical countries allowed bitcoin to use with better rules of taxation , so here we can understand well that no other countries will ban it , Because bitcoin is not only a way of income for the common people but also a thing for the better growth of the economy of the country .
November 05, 2017, 10:20:05 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.
It totally boils down to the discretion of the country regarding its legality or illegality. There are some countries in Asia that ban the usage of bitcoin since its decentralized nature makes it the perfect medium under the dark web for transacting illegal drugs. If the government of that country thinks that bitcoin contributes to the increase on their drug-related crime rates, prohibiting it may seem the obvious choice. But there are also countries that recognize bitcoin's potential to the market in terms of providing opportunities to people regardless of their status, and makes the economy liquid enough.
November 05, 2017, 10:03:22 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 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 05, 2017, 09:50:48 PM
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?
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?
November 05, 2017, 07:56:41 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.
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