Topic: why do governments don't make BTC illegal worldwide ? - page 37. (Read 8116 times)
the tax inspector of one of the states of the USA adheres to the opinion that the cryptocurrency is one of the ways of more rapid and effective interaction of the client and the corresponding service. I completely agree with him. Currently, from digital modern technologies, a high level of service is expected, and the same is expected from the government. I hope that those governments that do not want to recognize bitcoin or banned it will reconsider their views on the development of modern technologies and the positive changes that they have in themselves.
It's very early to talk about governments adopting bitcoin.
Not making it illegal is a win right now.
Yeah and its hard to predict what will happen besides the government of every country they don't know how to put a proper regulations, taxes and not all the people want to used bitcoin or other crypto currencies, So the government don't know what is the best thing to do. Not making it illegal is a win right now.
If I think That's because there is not enough impact for an explosion and also have many bitcoin users in this world. So the government will not be able to illegally bitcoin because many bitcoin supporters in this world or bitcoin users.
It's very early to talk about governments adopting bitcoin.
Not making it illegal is a win right now.
Yeah and its hard to predict what will happen besides the government of every country they don't know how to put a proper regulations, taxes and not all the people want to used bitcoin or other crypto currencies, So the government don't know what is the best thing to do. Not making it illegal is a win right now.
why the government does not make BTC illegal around the world? perhaps one of the governments think bitcoin greatly affects the economy for the growth of a country because bitcoin can not be dammed.and also fear there is a replacement in the payment system as well as the sale and also This will replace our old financial system into a form of financial system more advanced and systematic or otherwise.
Why make it illegal if you could just regulate it and get taxes from people who make money with Bitcoin?
That's a whole lot of revenue for the government that they would be missing out on if made illegal.
But Bitcoin is actually also illegal in a couple of countries: https://atozforex.com/news/top-countries-where-bitcoin-is-illegal/
That's a whole lot of revenue for the government that they would be missing out on if made illegal.
But Bitcoin is actually also illegal in a couple of countries: https://atozforex.com/news/top-countries-where-bitcoin-is-illegal/
I don't believe the government should profit from Bitcoin storage. It's absurd. I think it is reasonable to take taxes from those who trade bitcoin on the exchange. Let the exchange bring profit to the state, in the form of taxes. Let's say I'm a freelancer, got paid in bitcoins, and what should I give taxes to state ? What's interesting? To support the state and the Federal budget? It's unwise.
Absolutely partner, the lack of crontrol over transactions that are made with cryptocurrency scares the man out of both the government and the banks. Cryptocurrency are transferred via a peer to peer network and this makes huge transactions occur on such platform elude the taxes that the government and banks would have imposed. This makes them lose funds that they could have generated through taxing all those transactions and most countries have their major source of national funds coming from taxes levied on the people. With this in mind legalization of bitcoin will make most governments lose a whole lot of money.
I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
because some governments dont care about bitcoin and some governments uses cryptocurrency too so they cant ban bitcoin worldwideBTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
because some governments dont care about bitcoin and some governments uses cryptocurrency too so they cant ban bitcoin worldwide BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
Governments of different countries can no longer prohibit bitcoin. Bitcoin and other crypto currency already have a strong influence on the economy and financial system of most states. To prohibit bitcoin and other crypto currency means already putting these systems at risk because people will use other options for using crypto currency and the state will be at risk of leaking money outside of the state, where the situation will be more favorable for the crypto currency. So we can say that the point of no return of the crypto currency has already passed.
It's a threat to them and they realise they can't control it but all the same they can't shut it down, they can only regulate some things.
I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
In worldwide therefore not legal bitcoin it because the governments are not they will not benefit so the system of the bitcoin but other counter is legal because the others make sense and make benefits.BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
In worldwide therefore not legal bitcoin it because the governments are not they will not benefit so the system of the bitcoin but other counter is legal because the others make sense and make benefits. BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
For what purpose the government make illegal bitcoin? ,there is no use if they use bitcoin for illegal. They are missing tax return from it through illegal use. They can earn more from implementing tax from it than illegal use of bitcoin.
I think because the characteristic of bitcoin is very decentralized so it can be different money conventional that it is issued by central bank so the government doesn’t give bitcoin legally but The government doesn’t forbid the users of bitcoin have them and the government only forbid bitcoin as transaction.
Because governments doesn't predict this is coming that Bitcoin will reach this point that it is the most valuable currency in the existence of money in history of human.I think if all banks can work together with bitcoin then the bank will get a lot of benefits, so bitcoin will also be more popular and the price will go up, both mutually benefit.
The answer is not possible because it could lead to the problem in the country, for the case of trivial alone could cost the state, let alone with digital currency may be a little complicated to set up to the Constitution in it.
Because bitcoin is not created with the purpose of using it in a bad ways, it was only used to do bad things just like any other traditional currency. Bitcoin is created to be able to solve a problem that most of the people is facing right now specially when sending money abroad. And of course they dont have that power and right reasons to make bitcoin illegal because basically its not illegal.
I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
We can make the bitcoin illegal worldwide because there some country not acknowledge the benefits of having the bitcoin and they don’t know that bitcoin can help their economy develop. They only focus on the negative side of the bitcoin. They notice if they allow the people use the bitcoin the transaction will be faster and reliable. I wish that mind of the government is open to the innovations If there is no their world always be away. BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
I'm wondering this because is such a real threat to bank system and we all know how banks and governments are tightly linked !
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
Bitcoin is illegal in a lot of countries, however, there are some governments that have realized its importance; i.e they can earn revenue from it and they know that no matter how much ban there will be on Bitcoin, people will use it anonymously. Coins like PRG are giving people benefits of cannabis, therefore they will keep using it.BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
Based on what I heard from my government statements in regard with bitcoin, they stated that bitcoin is very volatile and that is the main reaseon why my government didn't legalize it till today. There are still some other reasons but volatility is the main one.
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