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 the bitcoin activities that are happening in your country, there are two things that can happen. The first one is to legalize it to your country and more people will use bitcoin in any kind of transaction. As a result, it may develop your country's economy. The second thing that can happen is to ban bitcoin in your country. We all know that bitcoin has its own advantages and disadvantages that may greatly affect a specific country especially to its economy. 
Topic: What will happen if the government know bitcoin in your country? - page 7. (Read 4651 times)
January 26, 2018, 09:06:04 AM
January 26, 2018, 08:28:41 AM
If in my country the government does not prohibit the existence of bitcoin but still gives a lesson to the community In order to be ready to accept the risks that arise in the future When start investing some property into bitcoin.
January 26, 2018, 07:46:43 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.
Here in my country, government has warned the people about bitcoin not too invest much on it but not being into banned just to remind about scammers. Our exchanges has only bitcoin that can exchanges from fiat and vice versa which need a kyc.Bitcoin has a big help to improve economy as I heard many has earned enough money in here that they have buy what they need for there family. Which I think my country will not banned us from bitcoin.
January 26, 2018, 07:22:19 AM
Our government know about bitcoin. And i am glad that our government is not banning it like what other government done.
January 26, 2018, 06:44:49 AM
In many countries it isn’t yet fully legal and that can sometimes be problematic. But that doesn’t prevent entrepreneurs to do business with it. So, I’m sure that most will legalize it finally.
January 15, 2018, 04:28:17 PM
I do not think they will ban it but give warning. I've made a lot of money in Bitcoin and I wish I could still use Bitcoin without being banned
January 15, 2018, 04:04:27 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.
No they will not. Because here in our country, our government has already recognized the existence of Bitcoin usage among its people but they do not do any single movement to ban it because they know that if they will do it, people may rage and come to rebellion unless they will do it because it has a bad effect in their people's behavior and way of thinking. As long as the government see that it has a good effect and nothing was done against the law, they will not do such thing as banning Bitcoin in the country. January 15, 2018, 04:00:34 PM
when the government finds that bitcoin in a country is likely to be taxed or prohibited
January 12, 2018, 10:18:20 PM
If that happen, then our government might put taxiation tk that, kw worst they'll ban this website so that we can no longer access with it.
January 12, 2018, 10:13:39 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.
Yes because...if the government know that the bitcoin now in our country..then they will be putting pressure...because us of now thier is no tax reform law that the government has been imposing with the bitcoin... For them bitcoin is an illegal...because the government is alway looking for an legall documentation... Especially the business permit and other documenting paper's that has been required in thier law...
January 12, 2018, 09:00:08 PM
One of the possible that might happen is to ban the cryptocurrency from that country but I think they will not do this until they see that it has a bad effect to that country for example in South Korea. I think in our country the government is aware of this cryptocurrency and they accept it since I don't heard any steps taken by our government about it. I have heard also that many of my crountrymen is in crypto.
January 12, 2018, 05:19:07 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 our country, even our government has already know about Bitcoin usages among its people, still they are not banning Bitcoin usages and exchanges and just keeping or letting its people to do what they want and by this people are free to use Bitcoin and we are not even been taxed since we are already earning an income with Bitcoin for our own good. Our government just give us advice and reminders of being careful in using such thing as Bitcoin. 
January 12, 2018, 05:14:06 PM
Our government know bitcoin already. All they do is tell us that we always take care in investing in cryptocurrency. I'm glad that our government is not banning bitcoin. Not like some countries.
January 12, 2018, 02:47:27 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.
Here in our country, the government of our country has already know and recognized the presence Bitcoin and have been already used by its people. What our government have done is give us some sort of reminders upon getting into this kind of currency so that we can avoid experiencing and getting scammed by those promising acts. They have just told us to do safety measures in getting into this currency and they do not even asked us to have some taxes on the income we are earning with Bitcoin. January 12, 2018, 02:41:09 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.
Well luckily I dont have to think about this thread cause our country has been recognised Bitcoin already its possibilities the potentials it may offer , but still the volatility affects the wntire perception of this platform that it rapidly drops or government said that they will not support it but its doesnt mean they banned this.
January 12, 2018, 01:54:38 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.
Well luckily I dont have to think about this thread cause our country has been recognised Bitcoin already its possibilities the potentials it may offer , but still the volatility affects the wntire perception of this platform that it rapidly drops or government said that they will not support it but its doesnt mean they banned this.
January 12, 2018, 01:11:13 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.
What will happen if my country knows? Well I come from Indonesia, and my country already knows about bitcoin.
As far as I know, they already made a statement that the government doesn't accept bitcoin as a legal payment system in Indonesia up until now, they still want to learn and discuss about bitcoin, crypto currency, and blockchain technology for now.
Although they made that statement, they don't ban bitcoin up until now, and there is a local exchanger here for bitcoin to turn it into our currency. I hope they will realize soon that bitcoin is not a bad thing.
January 12, 2018, 09:37:28 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.
Right now here in my country bitcoin is now getting popular and what i heard that the central bank alarms every investors to be careful in planning to invest in bitcoin. But for sure eventually government would step up and will regulate bitcoin. I hope it could take longer before they will regulate it.
Is the country you're talking about the Philippines? If so, then I think bitcoin regulation here will take some time, or may not even happen, considering the status of our government especially the financial sector.
Well, if they're trying to warn the investors to weaken their resolve in investing in bitcoin, it may be because they fear that they will have difficulty in regulating and controlling it. Also, another reason may be because it is being targeted by scammers or is used by scammers. It will be quite alarming especially if the amount of victims of scams using bitcoin has increased that it already caught the attention of the media who in return doesn't have any idea about bitcoin and just allegedly accuse it of as a scam.
January 11, 2018, 06:19:38 AM
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?
With it's growing popularity through various sources the governments are also becoming aware and conscious about the current situation. Some are adopting a friendly behaviour and accepting its usage like Japan and many are planning to regulate it and have taxation policy but on the flip side some are against its usage and are banning its usage as they fear from it like recently Nepal does the same thing.So its vary from country to county. 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?
January 11, 2018, 06:17:47 AM
In our country, some banks are already banning cryptocurrency. Which means that if they knew about bitcoin, it would be banned automatically. They say that it is not helping the economy of the country improve, but that's only their opinion I think.
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