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Title: [2015-09-08] Bitcoin Trading Volume Almost Doubles in Brazil Post by: tyz on September 08, 2015, 04:17:04 PM It has become crystal clear that Bitcoin can offer a viable alternative to bank-issued fiat currencies, especially in countries where tight capital controls are part of daily life. Brazil is one of the places where Bitcoin adoption really seems to be thriving and recent trade volume statistics paints a picture of a thousand words.
http://digitalmoneytimes.com/crypto-news/bitcoin-trading-volume-almost-doubles-brazil/ Title: Re: [2015-09-08] Bitcoin Trading Volume Almost Doubles in Brazil Post by: Kprawn on September 08, 2015, 04:45:42 PM If the people there are using BTC to circumvent capital controls, it would soon be regulated to death by their government. Pay your due to your government and they will not
regulate you to death. We all know.. there are two things you can never avoid.. Death & Taxes. It's good news, but it comes with bad repercussions for that community, if they are using it to avoid taxes. You have to show governments the benefits of using this currency, not how they will lose tax income from people using it. ::) Title: Re: [2015-09-08] Bitcoin Trading Volume Almost Doubles in Brazil Post by: jdebunt on September 08, 2015, 04:52:10 PM If the people there are using BTC to circumvent capital controls, it would soon be regulated to death by their government. Pay your due to your government and they will not regulate you to death. We all know.. there are two things you can never avoid.. Death & Taxes. It's good news, but it comes with bad repercussions for that community, if they are using it to avoid taxes. You have to show governments the benefits of using this currency, not how they will lose tax income from people using it. ::) A very valid point. Unfortunately, we didn't have more info on why Bitcoin is being used for now, but avoiding capital controls will definitely play a part :) Title: Re: [2015-09-08] Bitcoin Trading Volume Almost Doubles in Brazil Post by: Denker on September 08, 2015, 04:59:01 PM Big big shout out for the brazilian guys supporting and using our network.Countries like Brazil are perfect place for a growing Bitcoin and crypto environment. However Kprawn is right. Show the government what advantages this technology has to get broader acceptance and legal usage.
Title: Re: [2015-09-08] Bitcoin Trading Volume Almost Doubles in Brazil Post by: notthematrix on September 08, 2015, 05:08:21 PM If the people there are using BTC to circumvent capital controls, it would soon be regulated to death by their government. Pay your due to your government and they will not regulate you to death. We all know.. there are two things you can never avoid.. Death & Taxes. It's good news, but it comes with bad repercussions for that community, if they are using it to avoid taxes. You have to show governments the benefits of using this currency, not how they will lose tax income from people using it. ::) can you effectively regulate bitcoin? and do goverments "realy" want it or do they just have to do this because of IMF restrictions? Argentana has to do this because of IMF restrictions , if bitcoin is used more , they "goverment" finaly can own real assets instead of fake paper dollar bonds... so do they "realy" want to stop btc... BTC can/will break the dollar domination if you keep it alive and let it grow... BTC will make it imposible for the fed/ecb to do negative intrest rates ,,, etc.... just some things. |