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Topic: What will happen if the government know bitcoin in your country? - page 9. (Read 4661 times)

full member
Activity: 696
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.
For me also bitcoin supports me financially. But I don't think bitcoin can make bad thing to the economy of a county because if you have a job you have money to spend for goods and more goods sold more profit and more profit more tax to be collected by the government. So I don't think they will ban bitcoin because of economy.
full member
Activity: 266
Merit: 100
Platform for Investing in Cryptocurrency and ICOs
I think it will be widely accepted by people and the government. It will be used for transactions and retailers will accept bitcoins as part of the business especially those of with modern technology on the track.
full member
Activity: 266
Merit: 222
Deb Rah Von Doom
The government is currently first working behind the scenes to try to create media diversions away from bitcoin and to try to invent technology that will be able to block bitcoin before they just come and outright ban bitcoin - which wouldnt look very good on whatever political party did that.
sr. member
Activity: 518
Merit: 250
bitcoin has been known in my country since 2015 until now and the government knows it and so far there is no ban on bitcoin use in my country but currently government in my country has been billed with bitcoin package and prohibited to do payment transaction with bitcoin and this because of pressure from banks to prohibit payment transactions using virtual currency because it is deemed not to have official legality. but I think this is really unfair when bitcoin has been popular in my country.
newbie
Activity: 99
Merit: 0
I think the government in my country already knows the presence of bitcoin. Its either they don't sense any threat from bitcoin or just ignoring bitcoin at all.
full member
Activity: 714
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.

It will depend upon the country because at the moment there are countries that really ban bitcoin but they are only few compare to the large numbers of countries that welcome and adopt bitcoin then regulated it to ensure that bitcoin will not be use in illegal activities in their country. So i suggest that you state the name of the country in which you where belong so that we could determine your country's stand against bitcoin.
hero member
Activity: 1680
Merit: 655
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 here already knew about bitcoin but I don't know if they are against it, but the central bank did warn Filipino's to avoid investing in bitcoin and other virtual currency. But if they ban it here, I will do my best to have access to it again.
I am also a Filipino and good thing that the Philippines support Bitcoin by regulating it, right now Philippines has 2 local wallet providers namely coins.ph and rebit both wallet requires you to verify your account in order for you to increase your withdrawal and deposit limits it is their way to comply with the Central Bank's requirements and it is also their way to regulate Bitcoin and its users. The Philippines has a good view in Bitcoin and at the same time also wants to protect the best interest of its citizens you are right that the Philippine Government is issuing warnings about investing in Bitcoin but especially to HYIP sites as these so-called companies are illegal and can also run away with your money.
member
Activity: 168
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.

The government here already knew about bitcoin but I don't know if they are against it, but the central bank did warn Filipino's to avoid investing in bitcoin and other virtual currency. But if they ban it here, I will do my best to have access to it again.
full member
Activity: 1339
Merit: 157
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the gov may ban crypto ( some have already done so), but that will not stop its development and sooner or later they will have to admint it. those banning may find themseves far behind the world
I think it us impossible I think to ban crypto. Bitcoin is now too much popular and is present in almost in every country of the world. Bitcoin popularity is increasing which is now compelling the government to take any step about bitcoin, because still most of the states are silent and they do not have any statement about bitcoin.
It depends how your country will value about bitcoin and other cryptocurrencies if they know what will be the benefits of bitcoin to their economy and people. Many countries have already banned the use of bitcoin and related decentralized transaction in the internet and they know that it could be the threat to the transaction of their currency. And because it’s decentralized it could be used in illegal transaction. But my country have different point of view and they’re open to legalize it. They also warned people about investing in cryptocurrency.
hero member
Activity: 1372
Merit: 503
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.

For me, I think this sorely depends on the pulse of the people on how they are accepting or if a vast majoritt of the voting pu lic are really using and improving with cryptocurrency which as such can be a progress or a detriment depending on how the government views it
hero member
Activity: 2408
Merit: 584
Generally, government is all for a country.Because, government is elected by people. In my country, govt don't legalize Bitcoin.If govt knows about Bitcoin properly and also knows it's advantages,I think that govt will legalize Bitcoin in my country.

I am sure the reason why they ban bitcoin in your country is because of the reason that bitcoin is a decentralized currency and there is no way the government can regulate it.
Well I think it is good if bitcoin is decentralized because bitcoin can increase and decrease in price any time and no one knows that what will happen in future. If government will know about bitcoin then surely it is good, there is nothing to think about it. If government will make bitcoin as legal currency even then bitcoin will be high and if government is not aware of bitcoin then bitcoin is high in price.
full member
Activity: 168
Merit: 101
the gov may ban crypto ( some have already done so), but that will not stop its development and sooner or later they will have to admint it. those banning may find themseves far behind the world
I think it us impossible I think to ban crypto. Bitcoin is now too much popular and is present in almost in every country of the world. Bitcoin popularity is increasing which is now compelling the government to take any step about bitcoin, because still most of the states are silent and they do not have any statement about bitcoin.
newbie
Activity: 37
Merit: 0
in different countries there are rules that prohibit and there is no reason may be prohibited for fear of competing with the state currency but the fact is not.
I think the government know about bitcoin very well because now a days every thin is digital and bitcoin is also a digital currency and its available on internet so I think you can use bitcoin Easily and you can’t hide it from your government so there is no doubt that every government know about bitcoin and my country they want to make bitcoin legal because my government know how bitcoin is useful for their nation.
sr. member
Activity: 1106
Merit: 255
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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.
In my country they are trying to ban it but people always try to find some gates which will give them opportunities to just have a free crypto market.
full member
Activity: 214
Merit: 100
bitcoin is causing many concerns for many countries. The government is concerned will be a lot of investors who will make investments to bitcoin and leaving the investment in the bank of their country

I agree with your opinion, if investors making large investments in bitcoin and not invest in a local bank, of course this will cause a decrease in the level of the economy of the country.
full member
Activity: 174
Merit: 100
bitcoin is causing many concerns for many countries. The government is concerned will be a lot of investors who will make investments to bitcoin and leaving the investment in the bank of their country
member
Activity: 434
Merit: 10
So far, we dont have any issue regarding in bitcoin here in my country. Although bitcoin is still not considered as a legal currency but they recognize bitcoin as a legitimate payment method.
newbie
Activity: 201
Merit: 0
I think my goverment will ban Bitcoin and never let Bitcoin come in my country.
newbie
Activity: 7
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.

only  Nepal and Venezuela ban bitcoin and few countries do that most of countries only ban exchange or central bank only give negative alarm for using bitcoin.

government have can’t do anythings for bitcoin. 
full member
Activity: 271
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.
Our government know about bitcoin here in my country and they didnt banned it. But they told everybody not to invest in bitcoin. Because they said this was only a scam. They dont want that theres more people are going to be scammed again here.
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