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Topic: What will happen if the government know bitcoin in your country? - page 6. (Read 4661 times)

newbie
Activity: 252
Merit: 0
Here in my country our government warned the us not to be tempted to invest their savings to bitcoin without realizing much, that it might loose it all in a sudden fall.But we have some banks here are already released their guidelines such as bitcoin  on cryptocurrencies, that they will protect our wallets and secure our emails through cryptocurrency accounts.
newbie
Activity: 41
Merit: 0
Before the bitcoin enter our nation. The legislature is now mindful of the bitcoin framework they lead an examination and information about the how bitcoin bolster everyone to be upbeat and to help likewise in our economy. Our administration enables some foundation to utilize the bitcoin as a method of installment. We additionally have an ATM that offers to the client to rapidly do the exchange. Our legislature has a major heart the client of the bitcoin. We have the freedom to utilize it respectably
sr. member
Activity: 742
Merit: 329
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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.


I think that one of the fearful effects it the government gets to know everything about bitcoin here in our country is taxation. It is sure the they will automatically tax our transactions once they'll know the profit that we get from trading and investing here in bitcoin. Our government is honestly greedy about taxing. They always asks for taxes whenever they have chances to tax things.
full member
Activity: 392
Merit: 100
The government of my country knows about it. And even as investors. But to ban or legalize, they still can't. Because they themselves still are not well versed in this matter. But some States where corruption is rampant see the benefits for yourself.To hide their real income or to launder money for illegal transactions.

I'm not sure if the Philippine government knows about bitcoin or not but if they haven't know it yet, I'm sure that if they found out bitcoin, they will promote it. Philippines number 1 problem is unemployment, Bitcoin reduces unemployment so the Philippine government will surely promote bitcoin to anyone who's unemployed.
member
Activity: 214
Merit: 10
In our country the government are already know about bitcoin. Many people use bitcoin and invest on it. But at the same time rising of bitcoin in our country there are so many news that has come out. There are positive and negative news about bitcoin one here says that bitcoin is a scam. So the government warned the people to avoid transactions related to bitcoin.
member
Activity: 238
Merit: 11
The government of my country knows about it. And even as investors. But to ban or legalize, they still can't. Because they themselves still are not well versed in this matter. But some States where corruption is rampant see the benefits for yourself.To hide their real income or to launder money for illegal transactions.
full member
Activity: 322
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.

They already know that bitcoins are existing here in our country and they are not happy with that especially the government who makes the money the fiat. They are alarming the people they are informing the people that as much as possible stay away from bitcoins because it is only a scam. And if they lose money in bitcoins there is nothing they can do about it because there is no main person inside bitcoins. That is true but bitcoins is not a scam before you engage in bitcoins you should know what to expect and what to experience.
newbie
Activity: 37
Merit: 0
Maybe they will impose rule of law that maybe beneficial for them like imposing taxes on every transactions made using coins or bitcoins.
full member
Activity: 350
Merit: 109
Before the bitcoin enter our country. The government is already aware of the bitcoin system they conduct a study and data about the how bitcoin support everybody to be happy and to help also in our economy. Our government allows some establishment to use the bitcoin as a mode of payment. We also have an ATM that offers to the user to quickly do the transaction. Our government has a big heart the user of the bitcoin. We have the independence to use it respectably
member
Activity: 210
Merit: 10
The revolutionary trading ecosystem
I think what the government will do is to make profit out of it. They will try to control it and make a fortune out of it. Easy money and corrupt out of it. Just hope that what bitcoin started, stay what it is today. Uncontrolled by the government.
member
Activity: 210
Merit: 15
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 believe governments from different nations have already known the existence of bitcoin and other cryptocurrencies. The thing is governments have different approach on how to deal with it. Some are banning it and some have adopted it. In our country the Philippines, our government has taken its initiative through our central bank to regulate it.
jr. member
Activity: 434
Merit: 2
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 they will investegate the bitcoin in hoe do bitcoin earn , how bitcoin work , where bitcoin come from and the last is that is true that you earn in bitcoin.I think they will ask many user of bitcpin about on that.And i hope they will accept it
full member
Activity: 406
Merit: 117
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 that our government has an idea and knowledge about bitcoin in our country. But I’m sure that some government sectors is focusing on bitcoin and conducting some research about bitcoin, what will be the effect in our country if they will ban it or accept it. I’m hoping that bitcoin become legal it to our country because some other countries it is legal or acceptable.
member
Activity: 113
Merit: 10
I think the government in my country is aware of crypto currency because I once saw it on news on tv. The government didn't ban bitcoin in our country eventhough they knew the existence of it. I don't really know what do they think about crypto currency,but I think they're already researching facts and information about crypto if it has potential to ban.
member
Activity: 866
Merit: 10
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 already knows bitcoin and the government forbids the use of bitcoin for daily transaction payments, they still use local currency, either I do not know why my country can not be a developed country of its economy.
It also happens in my country,, a few days ago the government in my country eradicate places like hotels, restaurants and stores that payments use bitcoin .. I do not know what is in the government brain in my country ..
member
Activity: 576
Merit: 43
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 already knows bitcoin and the government forbids the use of bitcoin for daily transaction payments, they still use local currency, either I do not know why my country can not be a developed country of its economy.
member
Activity: 276
Merit: 11
The government in my country is actually aware of the existence of bitcoin. But the government is not responsible for the problems that may be experienced by bitcoin users. Therefore I will not be discouraged. I will continue to work hard, as much as I can and invest as much as I can. And trying to keep my good name and also my country.
full member
Activity: 350
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.


lol, do not go on and decide for your country man. of course you may think that governments will most likely ban bitcoins because of its current features but it doesnt mean that it will be the decision of all the governments and yours. just like how every person is different from one another, every government  is also different from other governments out there which is why decisions wont always be the same on the same matter. others my do ban it completely, others may allow it with some rules or just allow it completely while others may just ignore it. you get my point?

hope this clears things up for you man. good day.
sr. member
Activity: 728
Merit: 254
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.
There are a lot of possibilities that may occur if the government will get to know about bitcoin and other cryptocurrencies. Maybe they will start investigating and studying how it works then sooner legalize it for the better. It can cause different outcomes to public that's why it should be carefully thought before doing anything else. There's also a possibility of getting banned but that will not occur if we will use bitcoin properly.
full member
Activity: 574
Merit: 108
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.
As of now, bitcoin is very popular here in our country and I'm sure the government knows how it works and what it is. So far, the governments action over cryptocurrencies are better still and they are only dessiminating some few precautions and warnings about investing on cryptocurrencies. The main bank of our country has also issued some warnings to the public about cryptocurrency which can be a good thing.
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