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 the government here in our country know about bitcoin already and they are not stopping or limiting us from using it. Many banks has just produced some safety measures about investing in cryptocurrencies wherein they are adivicing people to learn more about bitcoin first before investing. I think our country is in good terms with bitcoin that's why we should support it more.
Topic: What will happen if the government know bitcoin in your country? - page 5. (Read 4630 times)
February 24, 2018, 12:50:55 AM
February 24, 2018, 12:39:49 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 country it is already a known identity especially in our government but they still don't made some drastic as to intervene the current flow of bitcoins though there are some hints that they would do such things eventually in the future. I do think they don't see it as a threat but a good opportunity to invest money but still with risk also.
February 24, 2018, 12:06:58 AM
Ahmmm. I am from Philippines and Here in our country bitcoin will not yet Legalized and even the government will not know it well. So I think that if it is know by the government and by sighting it in good way, I have no doubt that government will Legalized it to improve more our country's economy because we all know that there are so many people who are became successful because of bitcoin that's why it is very helpful to the economy and even in the nation.
February 15, 2018, 11:57:18 AM
All countries know for bitcoin. Just some countries on the development of events and develop legal norms, someone in the positive side of someone will prohibit it. If you use bitcoin and blockchain technology in the right direction, then certainly - they will become the key to the success of the country's development.
February 14, 2018, 11:55:29 AM
In my country bitcoin is prohibited, but it is prohibited to only use transactions directly by using bitcoin. Therefore users can still use it, but bitcoin users can still use bitcoin when it becomes a banknote.
February 14, 2018, 11:44:22 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.
Actually the government here in our country know about bitcoin already and they are not stopping or limiting us from using it. Many banks has just produced some safety measures about investing in cryptocurrencies wherein they are adivicing people to learn more about bitcoin first before investing. I think our country is in good terms with bitcoin that's why we should support it more. February 14, 2018, 11:31:14 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.
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Yes bitcoin can be a threat to government since it is a decentralize system, it will be difficult for them to imposed tax and have control over it. They are also aware that bitcoin is now very popular all over the world which makes it difficult to ban unless they totally shutdown internet. But they should realize that Bitcoin helps many people improve their living by earning big amount to make a living and and have a decent life. Government should consider to work on how to make bitcoin stronger in an unselfish manner.
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Yes bitcoin can be a threat to government since it is a decentralize system, it will be difficult for them to imposed tax and have control over it. They are also aware that bitcoin is now very popular all over the world which makes it difficult to ban unless they totally shutdown internet. But they should realize that Bitcoin helps many people improve their living by earning big amount to make a living and and have a decent life. Government should consider to work on how to make bitcoin stronger in an unselfish manner.
February 14, 2018, 10:14:14 AM
Well, in my country there was a rumor about prohibiting bitcoin, obviously the state already knows what it is and why people use it
February 14, 2018, 09:23:37 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.
Bitcoin is a cryptocurrency which is originated from the digital world. Government has regulations over the internet and they can control on what and where to in the usage of the internet. On my personal point of view, Government can stop bitcoin on their ccountry but cannot fully ban it because bitcoin is independent and will continue to exist especially when there are developers of blockchains and other platforms.
February 14, 2018, 09:12:57 AM
It depend on the country there are some countries that also ban bitcoin and there is also a legalized. I think it's common that they banning bitcoin, because the bitcoin is still considered new and has no regulation, also decentralized bitcoin currency making them afraid to legalize bitcoin.
February 14, 2018, 09:00:21 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.
Our country already knew about bitcoin and the cryptocurrencies. Fortunately, our government is very supportive in this investment thing because it brings good profit to people. However, they are giving us reminders to choose what and where to invest in to avoid being scammed. Our country also develop a "bitcoin to cash" application where you can directly sent your bitcoin to that wallet and directly and immediately convert to cash and vice versa.
February 14, 2018, 06:49:18 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 it is not, but they are going to gather informations and the background of bitcoin and the pros and cons that brings into the economy and also in the life of people. If it is a life changer to make it better or to worst. But for sure if the government make a research about it they can see a lot of advantages to the people because many people are instant millioner because of bitcoin and they live a comfortable life now than before. For that reason they will allow it in our country.
February 14, 2018, 06:29:10 AM
They do and I think they planning to implemented a tax for evry bitcoin members if they gaining a salary
But its hard for them cause crypto is untouchable by any government except if they banned it
But its hard for them cause crypto is untouchable by any government except if they banned it
February 14, 2018, 06:09:48 AM
I think the government already know about bitcoins and other cryptocurrencies and i'm sure they are planning to ban it because they fear that it may affect to the economics in the country. One more thing is bitcoin and other cryptocurrencies have no tax and they can't add tax to it because bitcoins and other crypto's are decentralized.
February 13, 2018, 11:54:05 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.
Here, In Philippines the organization that is responsible in terms of money, Bangko Sentral Ng Pilipinas, reports and warned the people about this new trend, cryptocurrencies.
So far, our government didn't find Bitcoin as a virus that should be eliminated but as a threat that can affect their countrymen.
Though it was banned in some countries, we should be open to the opportunities that it will bring. If w use this in senseful and logical way, this new trend will bring us to our country's success.
February 13, 2018, 11:04:04 PM
I think almost all state governments around the world know about this bitcoin or cryptocurrency.
Many of the pros and cons are happening now, all dependent on the government of the country itself, whether they will agree on the use of bitcoin and issue a standard regulation on the use and investment of cryptocurrency, or simply reject and prohibit all forms of activities related to the cryptocurrency.
I myself hope that my country's government does not ban it, and can make good regulation for enthusiasts and cryptocurrency investors.
Many of the pros and cons are happening now, all dependent on the government of the country itself, whether they will agree on the use of bitcoin and issue a standard regulation on the use and investment of cryptocurrency, or simply reject and prohibit all forms of activities related to the cryptocurrency.
I myself hope that my country's government does not ban it, and can make good regulation for enthusiasts and cryptocurrency investors.
February 13, 2018, 09:51:55 PM
In our case i think my country will just tolerare Bitcoin. Because as of now it is still free to engage in crypto currency besides many people here are doing business here and its still counting.,
February 13, 2018, 09:36:05 PM
Certinly nothing. The government here in our country will do nothing in the bitcoin system since it is an independent body of system that is working with or without the government system. The government could not intefere with bitcoin operation unless if the bitcoin system will involve in the process of that any government agency or its affiliation. The bitcoin system here in our country is not yet introduce to the government agency for transactions due to security reasons of bitcoin holdings. And if the government found this thing up they could not adhere blaming the bitcoin system to its operation unless someone will report and consider bitcoin as an illegal activities. Yet, there would be so much discussions to be consider and to be done.
February 13, 2018, 09:07:50 PM
It depends on the perspective of a certain country, there are some country look bitcoin such as a big threat to their economy that's why they ban bitcoin before it start to conquer the entire country. Here are some of the reasons why they ban bitcoin.
1. The Black Market may become powerful.
2. The Corrupt People Will Launder their money through bitcoin.
3. The banks will be in debt and it will greatly affect the country.
4. The government can't put taxes on people who works thourgh cryptocurrency.
Here are some of the positive perspective of the bitcoin to a certain country.
1. Can reduced the unemployed.
2. Boost the economy (If done right.)
3. Easy transaction to everyone.
4. Fast Transaction and low fees.
Right now here's some of the things i observe or some of my ideas why country bans bitcoin and some of the positive perspective of a country.
1. The Black Market may become powerful.
2. The Corrupt People Will Launder their money through bitcoin.
3. The banks will be in debt and it will greatly affect the country.
4. The government can't put taxes on people who works thourgh cryptocurrency.
Here are some of the positive perspective of the bitcoin to a certain country.
1. Can reduced the unemployed.
2. Boost the economy (If done right.)
3. Easy transaction to everyone.
4. Fast Transaction and low fees.
Right now here's some of the things i observe or some of my ideas why country bans bitcoin and some of the positive perspective of a country.
January 27, 2018, 11:21:48 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 opinion, i think if the government knows about bitcoin in their country, they can legalize it or ban it. Some countries already legalize the bitcoin in their place while other countries already banned it. They have their own reasons why they legalize or ban bitcoin in their place. I think they legalize it because they want to improve their economy while the reason why they ban it, is because it can increase the crime rate of their country. Jump to: