The government should be the one who assure the bitcoin future.
Because bitcoin, their peoples can developed using the blockchain technology.
Knowledge, Business, Education, etc are more easier to reach because blockchain technology
Topic: Will Governments let Bitcoins and Crypto World survive? - page 4. (Read 555 times)
What choice do they have? If they ban it, it will just go underground into Dark markets or people will transfer their bitcoins to relatives in other countries, where Bitcoin is legal. Bitcoin is also decentralized, so they cannot just stop a single centralized server to shut it down.
If I was a government now, I would just regulate it properly and welcome the extra taxes and also innovation that comes from this technology. ^smile^
If I was a government now, I would just regulate it properly and welcome the extra taxes and also innovation that comes from this technology. ^smile^
Well said, governments should never ban the use of bitcoin, instead make a regulation for using it or put some tax. They can use it to add more profits and also they can monitor peoples assets or anything that they own. The governments needs to study it first.
Governments do not encourage bitcoins and crypto world survive for sure as it creates a huge impact for banking industry which is ruled by the Government so Government may BAN or even prohibit the bitcoin or any crypto currency which brings losses for them.
What choice do they have? If they ban it, it will just go underground into Dark markets or people will transfer their bitcoins to relatives in other countries, where Bitcoin is legal. Bitcoin is also decentralized, so they cannot just stop a single centralized server to shut it down.
If I was a government now, I would just regulate it properly and welcome the extra taxes and also innovation that comes from this technology. ^smile^
If I was a government now, I would just regulate it properly and welcome the extra taxes and also innovation that comes from this technology. ^smile^
I think that government have interest in the way Cryptocurrency works but the way it works they are not the ones that have control over it that is why they think that it can be use in certain illegal ways everyone can use it even the terrorist can have access in transferring funds fast and convenient, that is why they think it is best to have a portion that they can control, Well even though there are some countries that are banning and against bitcoin there are still some that are using bitcoin or other Crypotocurrency and even manipulating its price so they can profit from it.
if the ban is only limited to buy goods using bitcoin, I think it is still reasonable to do by the government. because the country already has its own currency and they do not want to lose their currency. after all most bitcoin holders only trade crypto for profit. and it is not considered illegal
To be sure, many countries are drafting taxation or laws against bitcoin, which means they are ready to formally recognize bitcoin, whether in that form or in their opinion, as long as bitcoin is regulated and it can exist , But we tend to think that when bitcoin is regulated, bitcoin is not bitcoin, and this is where contradictions e
I believe that they will try to pump and dump to bring it down. Remember that bitcoin only makes up half of 1% of the total investments in the world. When it crosses to 2 - 5%, then it will become a problem. Personally, I believe that if people do it legitimately and extract their money through coin base for example and actually pay their taxes, they won’t have a problem with it.
Also you have to remember that most countries are embracing bitcoin, not the other way around. And we all know a global currency is coming. The government is controlled by the big banks and they will do anything to destroy anything that comes in their way!
Also you have to remember that most countries are embracing bitcoin, not the other way around. And we all know a global currency is coming. The government is controlled by the big banks and they will do anything to destroy anything that comes in their way!
Why not allow? Now that the global fear of bitcoin is unfounded, maybe they are also looking for ways to control bitcoin. The illegal trading is because of the anonymity of Bitcoin itself. If we can solve the problem of not being able to trace criminals, I think there will be more people accept bitcoin.
Some of them will have rules against bitcoin, I'm not sure whether crypto can survive with government intervention that has rules to scare off the communities that use it. should the state forbid having a good reason to ban bitcoin, should they also imitate japan and America. They do not forbid it, it is the government's role in the supervision of bitcoin at this time.
Yes it will, goverment must be allows cryptocurrency. Cause this is the era, the era of cryptocurrency. No one can't stop it except god
Bitcoin or crypto currencies can survive even if government intervenes, unless the the whole world will ban it and how will that happen when other countries have openly accepted bitcoin as part of payment methods aside from fiats? Anyone who are threatened with its existence are the ones who are determined to stop its progress.
Well the major global powers seem to be letting it thrive for the most part. For as long as they're not taking an overly hostile stance against Bitcoin, other governments going the other way don't really pose enough of a threat to its survival. It has proven to be incredibly resilient, fielding bubble remarks from all the way back to when it was worth just a few dollars and even massive Chinese FUD. I'm inclined to think governments don't have the power to decide its survival anymore, and should rather embrace it so as to not get left behind.
There hasn't been any recent bans though, right? The South Korea situation has pretty much stabilized, and I understand there's somewhat of a situtation in India but it doesn't look so bad. These fears of a worldwide Bitcoin ban are largely unfounded.
We are currently in the jeopardy of getting cryptocurrencies banned everywhere as if more and more countries join the list, the countries which are supporting it may also choose the same alternative.
There hasn't been any recent bans though, right? The South Korea situation has pretty much stabilized, and I understand there's somewhat of a situtation in India but it doesn't look so bad. These fears of a worldwide Bitcoin ban are largely unfounded.
My question is, are these Governments even going to let Bitcoins and crypto survive?
They are cracking down on it by saying that it is illegal to trade things such as Bitcoins as it is a support to terrorism and money-laundering.
They are not understanding why it was created, but are coming up with baseless assumptions and even hurting people who are paying taxes too to these money-hungry people.
We are currently in the jeopardy of getting cryptocurrencies banned everywhere as if more and more countries join the list, the countries which are supporting it may also choose the same alternative.
They are cracking down on it by saying that it is illegal to trade things such as Bitcoins as it is a support to terrorism and money-laundering.
They are not understanding why it was created, but are coming up with baseless assumptions and even hurting people who are paying taxes too to these money-hungry people.
We are currently in the jeopardy of getting cryptocurrencies banned everywhere as if more and more countries join the list, the countries which are supporting it may also choose the same alternative.
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