Bitcoin Forum

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

wrong. revenues come from different resources specially in countries with natural resources such as oil rich countries, those with precious metals, ...

wrong again. in the countries that bitcoin is regulated people are mostly paying their taxes. of course there are always who evade them. but that has nothing to do with bitcoin.

nothing really. the same way you have to pay taxes for different things now that you are using fiat, by then you will have to pay taxes when using bitcoin in place of that fiat.
if you are paying your taxes now you will be paying your taxed then too. and if you aren't paying taxes now you won't do it then either!

I think there will be more people using bitcoin in the future, so the government will have some measures, perhaps first to tax the exchange, and then tax your encrypted money purse. Appropriate tax is an important part of community development, only more countries support bitcoin to make the community rapid development.

It depends, as long as bitcoin or other cryptocurrencies is not legalized by the local government then there is no tax on them before you redeem the fiat money or other taxable goods.
And if 80% of the population of a country already uses cryptocurrencies then 80% is also likely the local government will legalize and will impose the tax.

Talking about tax involve  very wide discussion. there are two type of tax, direct tax and indirect tax, so eve if bitcoin users don't pay tax directly, they will pay it indirectly. More over government can accept bitcoin fully and impose tax on the users even if bitcoin is a decentralized.

I'm just wondering if bitcoin has also a tax! Who will be the incharge person to pay the tax of bitcoin if it is decentralized.? And I think if it happens earning bitcoin will be harder its just because there is a certain percent of it that can government have but on the other side it will be a big help to increase the economy of the country

 If 80% of citizens are using crypto's, this might be a huge increase on the sales of every business and it can help boost the economy. Always remember that everything we purchase has tax, so we are unintentionally paying it regardless on where our money is coming from. Same thing goes for crypto currency earners. Also if 80% are using crypto, I think the best way of applying taxes will be on exchanges.

I paid taxes to the government. Ever heard of "self-assessment" in taxation?


Still related to my first statement, I think more and more government will move to self assessment method. So instead of the government sniffing our capital gain, they can just get our tax report without hassle.  This system however, will rely on goodwill of both parties. But, if the government manage the country well, they don't have to worry about this "false report" thing..

Not today, because bitcoin now is getting lower every single day. Maybe before, when bitcoin is really in the uptrend last year then some people might get interested with bitcoin and now, bitcoin suddenly breaking our heart because of its price,  :'( it is getting low even more. Yes, we can still earn in some other coins, and there is still no tax at all. I don't think that 80% of citizens will go to cryptocurrencies because we don't even know if we're going to have a future here. Unlike in other companies and earning fiat, it is more likely into the reality than in cryptocurrencies. I think most people would think of that, especially to those who work outside for years and years now.

Governments will find a way. There will be government related wallets that can be converted into fiat, and than government will take tax from that conversion.

With a 80% of a country`s people engage to bitcoin or cryptocurrency it causes big decrease in economy because crypto does not pay tax at all and a country needs tax for it`s development. Also decreases job opportunity.

this is a good question. However, we also need to understand that Bitcoin is just another way of earning Money. I believe that this 80 % of the population will not be sticking to Bitcoin only. They will still have their Jobs, Business and some other source of Money which tax is included. But if the Government will see it as a future Problem, then we can assume that they will make some law and regulations which they can be used to put a tax in any bitcoin-related Business or transactions.

I think it all depends on the government of a country itself, my opinion of the government, to be more open to its citizens, and given the opportunity to further develop and the government is also more uptodate with the development of crypto world if no country will lose, or reverse if crypto is legalized by the government of a country, the state must also be required to safeguard and protect it every transaction and its security because one of the uses and functions of paying taxes should be like that,
but in my view the other country will not experience any loss when its citizens know and use crypto as a tool of transactions, because different from the character and system work.
I think his name taxes only deal with goods or material wealth or assets, while government and cypto is not affordable by it.
thank you it is only my opinion may be useful

If bitcoin is used as a payment system as such it is not feasible for the government to require taxes for everyone who uses cryptocurrency/bitcoin. But the users use bitcoin as a trading and investment place I agree if the government to require tax on bitcoin users. Before cryptos users grow up to 80% the government will make a regulation, such as compulsory to pay taxes.

Bitcoin is future digital currency. So it any where to use. It reach the all country. It help to people growth and country growth. Bitcoin is connect the other country people so easy to gather other country important.

Economy is important of the country growth and it connect the all country business. But economy is not currency. If need for the other country growth information. Economy is help to gather other country growth. So if economy will be growth country will be growth and business also improve. 

You also need to consider the business that are established within a certain country's soil are obliged to pay taxes to the government and isn't exclusive to the working individuals/citizens of the society. The taxes of the citizens contribute to a large portion of a country's budget but it isn't the only source wherein the government get its funds from.


Wrong. Places like the US tax their citizens who engage in crypto-related activities, so as some countries in the EU. If ever a country has 80% of its citizens engaging in crypto trades, I know for a fact that before it goes widespread, the government would already have imposed tax rules regarding that so no one would ever use crypto as a safe haven to launder money and a means to evade tax.


I hope so, but on the way things are right now, it seems quite improbable for the said scenario to happen even in the coming 10 years to happen. People only use bitcoin to amass more fiat whether we like it or not. They just use bitcoin as a stepping stone for fiat riches and nothing else, so with it, they'd probably ditch bitcoin after they've milked it well enough.

Who says that some citizens of some countries don't pay tax for the bitcoin they own? You need to check up your information properly. Countries like Japan, USA, Singapore, India, South Korea, Australia, United Kingdom, United Kingdom, Canada and the others have been placed in taxation on traders and investors so its not a new thing.

Yes, when income is not taxed, the income of the country will suffer a serious decline. But countries already receive all kinds of mandatory taxes from citizens. They even cut it from a bread you buy. In addition, the vast majority of tax returns in the form of public spending. The deterioration of the economy depends on the politics that are followed more than taxes.
In addition, the state can monitor bitcoin investments. This is a different issue for every state. Exactly, investing outside the country reduces the country's hot money cycle. And it affects the economy badly.

I do not really think that the development of a country comes from a resident tax. because many resources can generate for the development of the country itself. and if bitcoin users can get away from taxation, of course the government will start doing ways to set the bitcoin.

I think bitcoin and economy is a strong bond in its transaction turnover

While the price of something is moving to better value then it is very helpful to the economy either positive or in negative so my opinion is bitcoin is in the positive direction.

Actually, in most cases 50% of the country's budget comes from income tax. Of course oil rich countries like Kuwait are an exception.


Nothing really. There are two most obvious ways a government can deal with it.
1. Poll tax or property tax. Which means that people won't have to pay income tax, but they will have to pay an increased property tax to keep the country's income on the same level.
2. VAT which is a very effective way of taxing, much better than income tax, which IMO is unjust. VAT can be set to the level that will allow the country to thrive without having to waste time and money going after income tax evaders.

I don't understand why there aren't many countries which support cryptocurrencies. So far I know that Japan and South Korea are making their countries a good place for crypto investors. I hope that we will see some major countries using cryptocurrencies by the end of 2025. It is possible because more and more Bitcoin wallets are being released for Android and iOS which are really easy to use on the go. Cryptocurrencies will become very important in the next few years. That's why I invest in them.

You should do more research then.
There's a lot of crypto friendly countries. The list includes tax havens with full acceptance and support for BTC like Germany, Malta, Belarus, and countries that support ICO projects that include the USA, the whole EU, especially Switzerland, and Ukraine (outside the EU).


Of course. Some countries are already launching their own cryptos. If these projects become successful others will follow.

In some other ways, we are still paying taxes with our crypto profits but not directly as income tax. You are a consumer and in every goods you purchase there's tax on it.

It doesn't matter if 80% or more than that of the citizens are into cryptocurrency. There will be a means for them to help the country by paying tax or there will be some sort of the same thing as tax to be implemented if the government sees something strange that they are lack of fund due to this.

I think you know by now that the USA and some European countries pay taxes on their crypto currency investments.

If you were referring to something long term like in the event that you will be paid in crypto instead of FIAT for your work then most certainly there will be an income tax applied to it and collected by the government. There is no loop hole around this.

In reality people who are using bitcoin to evade paying taxes usually they may get away with it for now because they are not that many, but i am sure at a certain point when this number starts growing governments will notice this and they would start regulating it and forcing people who are engaged in bitcoin to pay their taxes, and this is one of the biggest issues that bitcoin faces today.

It can not be said that people do not pay tax on profits in the crypto currency. In most countries such a tax has not yet been introduced. In the countries where it is introduced, the tax payment situation is different. For example, in Japan, taxes are paid by citizens and this is borne by the state and citizens. According to the latest data from the United States, there really was a bad situation with paying taxes, but it is most likely caused by a lack of understanding of the population of the settlement mechanism and payment of this tax, because it is paid for the first time. I think that in the future this process will be settled and people will pay this tax.

I think bitcoin will be able to increase the economic growth of every citizen of a country. because bitcoin really has a very high asset value and of course bitcoin at the individual level will be very beneficial for its users. and on the issue of taxation of course bitcoin as a decentralized currency then the government will not be able to control in terms of taxation. and this depends on the government's attitude of whether to accept the existence of bitcoin for the economic progress of its citizens or not because it only thinks about taxation issues.

If majority of people accepts bitcoin obviously the government would realise and adapt it. Once it's done, tax implementation certainly will be there and the citizens have to adapt to paying taxes. The citizens will certainly pay with full sole when the government gives out the required things for the people as promised. Its like government serves their citizens and the citizens pay back tax to the govt in return.

Perhaps if most people of a country are in the bitcoin world maybe the country's economy will advance because a country will get the reward of the people who do bitcoin activity and the taxes obtained may also be quite a lot so increase the income of a country.

They accept that there is a reason for them, and they have their own way of controlling their country. You do not have to look at how to manage electronic money in Japan should not give such words. A developed country can not easily do things that they can not control.

But only a small percentage of the global population is on crypto right now, and with some nations against bitcoin, I doubt that it will happen today. Crypto though is some life safer for some of us, but I don't think it has enough teeth to push one's economy for the better. The only benefits is that as people found crypto to be a safe haven, it could have help in a minimal way, only little impact but the most benefits will be on the people who have more money now because of bitcoin and altcoins.

Yes, its true that most of the country's development is coming from taxes, and the crypto usage now is still free from tax, but the government now is looking for way to regulate it, regulate means its going to tax it, if 80% of the citizens are using crypto without paying taxes then the country will have trouble, without the tax income, a lot of problem will occur, it can inflation and all developments to stop, so the government wont let that happen

yes, it's true bitcoin as a decentralized currency of course individually will greatly assist each user in economic terms. but for now from the government there are still many who do not approve the existence of bitcoin because of course bitcoin can not be controlled by the government because it is decentralized.

I think all policies are in the government, if the government entirely legalizes crypto or Bitcoin currency, I'm sure if they will draw taxes from any coin exchange we do. And we must also know that the economic growth of a country is not only derived from taxes but the result of the resources of the country itself, for example the mining and petroleum products.

Assuming that majority of the individuals utilize bitcoin, the government would implement or create laws towards its regulation for proper collection of taxes even though its decentralization makes it difficult for them to regulate. Just to add, most people who have cryptocurrencies convert their coins into fiat- which I do not think poses a problem in the future. Another thing, there are various methods on how the government can collect tax for their proper expenditures. Lastly, if the majority really uses bitcoin as an alternative currency, the government will have no choice but to embrace its implementation and use it as a currency.


Most people that have cryptocurrencies still convert their resources into fiat- which taxation is enforceable. The economic impact of cryptocurrencies have benefitted mostly the general public into providing job opportunities. Some students view it also as a way of earning income which is more convenient than to do manual labour but it all boils down that what they earn is still converted back to fiat.

If the country will provide a wise taxe system, I think that this country will deffinatelly prospher from using bitcoin in it

I agree for, bitcoin would help a lot for all those who used it and in terms of economy along with it will there would be also exchange that would likely a tax when you have transaction in any way of crytocurrency. Lets just say everywhere we go there are ways to have payment in everything we did as charge for using there site or everything.

I mean what tax system are to talking about here? Tax system have been in place in any country for the last 100 years and I don't think that there's anything that they can do to improved it, unless they lower the bracket so that taxes will not be heavily burden to the people but I don't think that they will do that.

The only thing they can do is regulate the exchanges and tell them to pay taxes for holding bitcoin and any other cryptos. But it will really defeat the purpose of having a decentralised system isn't it?

for me bitcoin and economy is a concept of life that has a close bond, because bitcoin has helped much to build the economy of someone who is in it ..

Its no problem i think if 80% own cryptocurrency and didn't pay taxes because revenue not only come from taxes, other revenues comes from natural resource and maybe most country doing a lot of investment in all fields

This sounds logic, but I suppose that this can happen only in theory, just imagine how would it look like, if 80% of people would be engaged in cryptocurrency including the old man and including infants

according to my own opinion and study of the existence of crypto and the economy one of the most sophisticated combinations of technology as well as the economy (trading) and very rapid development so as to be the center of public attention to the world of crypto, without having to think long to agree, as well as why society is very ambitious to learn it more deeply without your regulation from the government including the tax burden that must be issued by pengunanya that is where the uniqueness of the world of crypto secure privacy for the sake of personal interests, and the future will be more sophisticated and advanced both in security and the existence of bitcoin or crypto so penguna more comfortable and safe, all the things that now exist crypto just the gate to see the future economy, may be useful and successful for all of us

If what you propose becomes possible, two things will happen;

1. The government of that country would by all means find a way for the citizens to pay their taxes even if it gets to the point of transferring money from a bank account to another bank account so far its not gift and its not between people who are related. This is going to be made possible with a high level KYCs where an entering of your name would bring out everybody related to you in any part of the country. An if its buying abroad, this won't be possible without the input of the banks which makes it more easy for government to get its own share.


2. The other option is to ban bitcoin altogether before it reaches the 80% of its population and the country knows they don't have the technological ability to stop it. The moment the penetration is able to touch 7%, its beginning to generate concerns which banning and enforcement of that would be the best option. It won't stop it though but it would reduce the spread to a large extent.

it seems quiet easy to say but hard to actually it is really hard. there could be lots of possibilities that might happen, and we all know that it will reach to that point, either of which will happen i am also half excited when it happens, besides as part of those who uses crypto, i don't have other options when it will be mandatory by the government, it is like all or nothing in the end.

My guess is the governments, in order to protect themselves from tax evasion by cryptocurrency, will increase value added taxes.

And the banks, which are essential for a government to control the economy, will just choose another way to compensate the money transfer commissions.

All except money transfer will stay in a different, yet very similar fashion.

In this time, in our country,  where everything is taxed, Bitcoin is the greatest thing that ever happened to us. Government imposed taxes  anytime they want and we people cannot do anything about it.    As of today they have not yet find a way to taxed cryptocurrency,  lucky for all of us Bitcoiners, we can still enjoy our income from Bitcoin without deduction of taxes.  There is a big possibility that Bitcoin will be taxed in the future  because bitcoin is growing faster in popularity but for the meantime, let us just enjoy our earnings free of taxes.

for my own opinion, bitcoin will help a lot with the economy of a country. since it is one of the mode of payment it helps. when the people buy goods with the bitcoin they are also paying taxes because their is no tangible product that has no taxes, even the most smallest thing when you buy has a tax. since bitcoin is getting high most of the people will also spend high which really helps to the econmy and for the government since their is more taxes to be collected

Bitcoin plays an important role in the economy. If 80 percent of any country is involved in crypto Then the government can recover VAT from it. And it will accelerate the economy of that country.

I want to believe that by the time 80% of the countries' work force are fully into the cryptocurrency, the government of that must have partnered with crypto developers on how taxes can be made/deducted through transaction fees.

I also think this may happen soon, but I don't have to worry too much. The government will take measures to get taxes, and they can tax the way you taxed the exchange or store your bitcoin. Tax is necessary for the development of society.

bitcoin and economics are combinations that are committed to one's well-being in economic needs. I think so.

and the right answer is, the government will definitely think about legalization and will levy a tax on bitcoin. this is something common, because the government aims to take tax for the economic viability of a country.

Paying taxes doesn't mean paying it directly to the government as filing it to your agency department or whatever you call it to your country, you can pay taxes indirectly like buying more goods or products. Most of the people who invest in Bitcoin gain their profit, and most of them spends more (than there average spending amount way back when they are not yet engage in bitcoin) in buying different products or availing different services which I see as a big help in gaining taxes that can be used by the governments to their projects and economy will gain more.

Government will ofcourse have the necessary procedures to collect taxes. Bitcoin is growing daily together with it's users. However, in the future their is regulations in cryptocurrency as to have taxes so many possibilities actually may happen.

mutually bound and need each other. that's what I think

We are all know that bitcoin and economy are the best buddy cause if our economy or country accepts bitcoin our economy will be risen. Cause bitcoin can lift a countries economy if they accept them. So many countries accept bitcoin cause bitcoin is special bitcoin is very helpful in country

Bitcoin and Economy is indeed one or bitcoin san economy has become one, if bitcoin its price rises then the economy increases, if bitcoin price down then the economy will also follow-down decline.

I think if 80% of people in a country use bitcoin, the country would forbid transactions using bitcoin and crypto. even if the state does not prohibit it, they will provide tax regulation on every cryptocurrency holder

While bitcoin users don't submit tax forms to the government, we are still paying taxes. The exchange that you are using in order to cash out your bitcoins into fiat money, they are paying tax. Don't you think they do? In every cash out that you do, you are already paying them tax. The only thing is that you don't realize it because the exchange rate has already been adjusted so that the tax is already included in your transaction.

Another thing, if everyone's using bitcoin and all are making good amount of money from their Internet jobs, I think that the economy of that country will grow even more. More money means more consumption for you. That's what humans do, we consume. We buy everything. Every time you buy something, you're already contributing to the country because you're paying tax.



Definitely agree to this. The government is well aware that they can't stop the people from using bitcoin since there will always be an Internet connection to the country. Prohibiting the use of Internet to the whole country is very absurd to do so they have to have a different solution. People earning money from their bitcoin earnings aren't paying income tax. This thread asks what if 80% of the population is using bitcoin, which is a majority of the people. That means it will be a good decision to increase the value added tax (tax you pay when buying something like groceries etc) since everyone's affected by it since everyone buys something.

Now bitcoin becomes more popular, and it would cover 80% of the people in the world. It is a digital currency, the world is now moving forward  to digital. Bitcoin would support individuals growth and at the same time if it is accepted the economic growth of the country will be tremendous. The revenue of the will be become more than local currency. In future it will be accept by all countries.

http://bitcoinist.com/3-icos-huge-potential-2018/

the taxation of a country to its citizens is intended to develop an existing government, if bitcoin is able to be inaugurated by all major countries the possibility of the government must burden the tax payments of each bitcoin users, but the government must also be able to maintain the security of its users as much as possible because of taxes issued by the government against bitcoin users should be able to also benefit the bitcoin holders

bitcoin and the same economy is needed.
if the bitcoin function can be a savings for the future, and while the ecbitcoin and the same economy is needed.
if the bitcoin function can be a savings for the future, and while the economy is needed every day ...onomy is needed every day ...

Both of them are connected for sure because when bitcoin was not there then all of us were earning only one way income and there was no such extra income because of which most people were suffering crises but now after bitcoin there are more than one way of getting money which is really nice way to make our economy high, people are now rich enough to spend an independent life.

Getting to the situation for example.

If 80% are into crypto and aren't willing to pay taxes, the government will do something to force these people to pay taxes or else they'll ban it. That can be a warning just to give teeth to the law.
But the government isn't depending to taxes only.

That's true, government can always make ways to collect taxes. Cryptos profit are taxable in U.S and people are really need to pay for the income tax. If we don't want to experience banning of bitcoin, I think its better to pay the taxes so the government can still make projects. Some country depends only on their taxes so I think its really important to follow the rules of the government.

We all know that there are countries that banned this bitcoin for its price rises every now and then. Rising of bitcoin currency leads to an imbalance economy of every country. In line with this, government must take action regarding this matter. If this bitcoin currency make it to the top, other investors will not invest in companies anymore, no more investments in small franchise that will lead to an imbalance economy. People will invest more in bitcoin, who would not invest if money here is easy and convenient.

The government may not impose taxes on crypto currencies themselves but governments have always been imposing taxes in goods and services. Actually income (which is what we get from crypto currencies) are actually taxed. We just choose not to declare them (which is illegal). I pretty sure in the very near future, crypto currency will be taxed.

As we have seen, bitcoin and the economy are interrelated thanks to the bitcoin that the fast and effective mobilization programs have so that the projects have the capital to carry out and create jobs for you. people

There is no clear explanation about the future of Bitcoin. The price of the next year can be doubled or tenfold. Again 95 percent or more can fall. No financial analyst can predict where the quality of Bitcoin will stand. Like another cryptocurrency, Bitcoin does not work for any beneficial economic purpose. Rather, the currency is a threat to large economies. This tremendous rise in the cryptocurrency can create turmoil in large-scale economics. According to a survey by economic historian Charles Kinnellberger, extreme speed, panic, collapse, eruptions bubble can cause a major recession in the economy later. So regulators should keep an eye on the eruption of cryptocurrency on alert. South Korea has already stopped cryptocurrency transactions. Other countries of the world are also thinking about this. This cryptocurrency is being banned for environmental reasons. It is being calculated that how much electricity is required for bitcoin mining. According to many, 30 terawatt bells per year (which is equivalent to the full electricity demand in Morocco)! However, regardless of the amount of carbon dioxide emitted, the global warming is increasing. Further, there is no social advantage. Some countries like Japan, China, and Australia are already thinking about enacting the legislation. They are concerned about not having their control over these currencies and their duty.

I know that taxes are not in the course of transactions alone are many factors that contribute to the tax income for the government, if one day everyone is involved in btc, it is definitely the time when the government has legalized it and at that time the government must have drafted the rules so they get income of this business, not ysah worry about the future because essentially human is very smart to adapt every new one there will be rules that follow

I am sure you know nothing about the country like India. The politics here is so courrpted that people are tired of it and hence don't file the normal taxes also.

You won't believe it but financial department shows that in India only 20% of people pay taxes. Let's assume that there are 30% of people who are engaged with farming and whose income is exempted from the taxes. Then also there are 70% people who should be paying taxes.

There is full example of country with only 20% tax payers so you can see it yourself. ;-)

Very obvious that is already a conclusive scenario. Since the use of cryptocurrency doesn't require paying taxes (assuming it totally replaced fiat) then that particular country will don't have adequate fund for government projects making no or at least slow advancements.

But honestly, what I've said is ideal. I'm sure that governmente will not stay silent and will not take actions regarding this. I'm just thinking of two possibilities: whether they will totally ban crypto due to its threat or they will put strict regulations including tax payments. When crypto revolution comes, I much prefer the latter part to happen instead of a total ban. At least we still have a chance to use it and will not become like an antique buried deep under the ground.

I also believe that Bitcoin can be used an alternative solution for conflict on economy of one's country. It can even lessen the unemployment rate of one's country however, it is just for temporary because bitcoin is volatile meaning if we depend on it the value of our money might change whether to pump or dump.

Inevitably one day the government will impose taxes on bitcoins and all other electronic coins. 80% of the population uses and e-money investments, the government will not be able to stop people from using bitcoin

Nowadays bitcoin is so popular that I believe Bitcoin can be used as an alternative to a country's economic conflict. In the world now 60% of the population uses and e-money investments, the government will not be able to stop people using bitcoin and even bitcoin can reduce the unemployment rate of some countries.

It would be possible, bitcoin can help the economy. We know how to convert our own money to bitcoin, in vice versa, we can also convert bitcoin to our own money, it can help our own economy to have their own income in bitcoin. We see how bitcoin can be popular for one country. We must know what will be the pros and cons of bitcoin for every economy

yes chances are if this happens bitcoin withdrawn tax, because the country has a high authority to prosper the people, from the tax. although such sometimes taxes are also eaten themselves. whereas the tax is for the people back.

When we consider the growth and development of certain countries. Most countries become fully developed from the taxes they take from the citizens. These taxes are paid to the government to undertake certain developmental projects in the country. Revenue from different sources of the country’s natural resources are redirected to undertake perculiar projects for the country. Imagine if about 70% of the country’s population is into cryptocurrency and taxes are being deducted from transaction they make, there will be enough revenue generated for the government to take up some projects.

You have presented a reasonable matter. Income from that country is earned from the taxes of the people of any country. But 80% of the people in the country who use the crypta currency will be able to earn. I think it will be dangerous for any country in the future. So in the future there is no problem that he should start a system of good. Because the use of crypto throughout the day is increasing.

The Until now, the surge in cryptocurrency markets has been a sideshow to the financial markets or the real economy. Prices have gone up a lot for bitcoin and other cryptocurrencies, andit's fun to joke about things with names like Cardano and Monero going up a lot in value, but if it were to all go up in smoke tomorrow, it shouldn't have any meaningful impact on ordinary people.
But... companies with publicly traded stocks are starting to make decisions to show that they stand to benefit from cryptocurrencies, and markets are beginning to reward them in a big way for those decisions. Should this continue, people not involved in cryptocurrencies will suffer when there's a crypto bust. And there will be a crypto bust..

Bitcoin helps in improving the economic conditions of the world, good economic experts , investors and great financial analysts are expecting for the bitcoins to bring a tremendous change in the global economic conditions and will last forever for the better. Bitcoin will shape the future of financial and economic markets  as a good investment commodity. Bitcoin has the capability to alter the traditional monetary system and this bitcoins provide opportunities for the users as a digital currency and as a investment asset which helps to earn good profits in the long run as the price of bitcoins increasing.

The economy of Bitcoin is still small compared to long established economies and software is still in beta development stage. But goods and services, such as used cars and freelance software development contracts, are now tradable. Bitcoin - bitcoin is acceptable for both things, both virtual service and real goods

The rate of such a crypto currency as bitcoin grows with a high demand for any crypto currency. If there are players on the market who are ready to buy this currency, the rate will constantly increase.

That's why there are some countries that are worried when crypto's came in to them, their citizens will think of evading to pay taxes.

Following the rules of government is very important and we can see on how bitcoin can help a countries economy. But there are people who'll say that it's not how bitcoin goes, it's decentralized and no need to follow rules of the government, they'll stand that way but it's better to obey the rules.

Well in my own opinion we all know paying of taxes is a big help to boost  our economy.  And paying taxes is require in our country. And everyone knows. Bitcoin helps in improving the economic conditions of the world.

Bitcoin and economy are the two most important part for a government. Government need abundant money for his kingdom.On the other hand bitcoin influence the economy.  I hope  in the nearest  future when government allow bitcoin as a legal coin then they will make a process that bitcoin directly contribution  the country's  economy.

it seems that bitcoin and the economy become one of the influences in the future world because I believe in the future paper currency will not be used anymore and definitely the bitcoin development will be more widespread and eventually bitcoin can be used for anything you want.

Obviously banks will be really scared on bitcoins since most of the people are preferring to invest on cryptocurrency more than placing their money on banks because bitcoins is very profitable today and the outcome will be less funds for the government.

I suppose that Bitcoin and in general terms Crypto Currencies usage in boundaries of economic regulations can be highly positive affect in area

If they will fix tax for  it even then a lot of people are here who only want to have bitcoin more than any other investment, bitcoin  helps to improve our economy and our life will surely get better with bitcoin as an investment, paying tax is not a big deal at all, because if you pay your tax from your profit even then you will have highest remaining but paying tax will help our government and poor people of our country, so I think same as a lot of other country mine is also getting better economically with bitcoin investment, profit.

Of course, it would be desirable for Bitcoin to take the place of real money and be used as a means of payment. But this requires the full legalization of the crypto currency in the world. Therefore, I am very much alarmed by the statements of many officials in my country who claim that Bitcoin is a threat to national interests. Journalists are trying hard to get a response, What exactly is this threat. But no one can answer.

Some countries and regions have begun to tax cryptocurrencies!
The cryptocurrency is very unstable! No country will rely on cryptocurrency for economic development!

these people still pay taxes to their governments when they buy things from their country. Every product has a sales tax and that is collected with every purchase so no one can escape from paying the taxes of their country.
While other taxes can also be collected if the governments legalize bitcoin in their state and if they do not legalize then it is their own fault of these states.

I think the tax in a country can not be made a guideline on the country's economic growth, and so far not many countries have tax rules on bitcoin.
Indeed various possibilities can certainly occur in crypto and if every country has a rule about the use of cryptocurrency it may be able to increase the country's economic growth.

Bitcoin helps us to make ourselves financially stable, as it is for people and is responsive as well which made it valuable so we should get our benefit from it and should not miss our benefits. It helps us in improving our economy for which we struggled many years and made nothing but just survival. Now as we have adopted the Bitcoin then the years we had wasted are recovering in which we were using fiat.

I think if that will happen many people use bitcoin because bitcoin will be known and to become useful and if bitcoin will giving tax on government that is very big help on government because the country and economy will succesful and become reach so that people theres a big chance to leave as a poor.

As discussed bitcoin implemented legalized in the nation economy grow up because of there pay taxes if its approved according to the laws mostly now are 90% using bitcoin all over the world.

This topic is debated multiple times but still, we discuss it again and again. I believe that this is the pure theoretical case and it won't happen anytime in near future. On the other hand, the government might levy taxes on crypto miners having the responsibility of transactions confirmation. Ultimately, the miners will collect the taxes from us through the fees so even if 80% of the population is using cryptocurrency, the government will figure out the way of collecting tax from the users.

That is why there are certain regulatory actions done by the government to somehow impart the balance between using Bitcoin as a type of work for its people just to ensure that the manpower of the country is well sustained so that it will not totally affect on the negative matter. People are being convinced and been taken to be responsible on their workplace to treat their physical works to be their main priority that was based on their professions and put crypto works on behalf to be the secondary one just to assure that they are making their job well to continuously sustain a positive outlook on the country's economy.

if the government imposes a tax on bitcoin users the first thing the government should do is to issue clear rules or laws for the world of crypto

Taxes? The development of a country does not solely depend on tax to grow. There are other factors like games that brings the world together, historical arts, music egg. All these develop the economy if not more. In my own country  they talk about paying tax, that is what is used to keep the economy together and beautiful, but in all, they are lies, all they do are cheap developments that gets spoilt in No time.

Yes taxes plays an important role in improving and making a country a highly developed one. Paying taxes will makes sense as long as it will be handed over to an honest and with good governance agencies. I don't think if cryptocurrency  all over the world does not require us to pay taxes because whenever we convert crypto into fiat money there will be a tax inclusion from local exchanges as they might be regulated by the central banks or by the government as a whole. Cryptocurrencies are decentralized assets that is why governments are regulating local exchanges just to make sure there will be no money laundering and of course implement tax.

Right now, government want to regulate cryptocurrency and their citizen can not avoid for paying taxes. We know that technology can be tracked and government realize how big crypto if regulation can be issuing. With regulation, government have right to collect taxes from crypto trading

bitcoin will continue to grow and many will use bitcoin and with such a situation the government will surely find a way to get them to pay taxes for economic growth

bitcoin and economics, bitcoin can be one of the alternative economic solutions that exist with bitcoin the world economy can become more decentralized and can be safer when in use and when bitcoin use in the presence of bitcoin can also be used for long-distance payments and the cost is very cheap.

I have been answering the same questions regarding taxes and bitcoin over and over again. How can other say that bitcoiners doesn’t pay taxes just because it is decentralised and cannot be controlled or trace by the government? When the fact is, bitcoin cannot be use as bitcoin itself to pay for everything except those very few establishments. Before we can use our bitcoin, we should converted it into fiat first before we can pay our bills and by doing that then there goes the revenue.

I think these governments have to review such rules and if not found, they must legislate new rules accordingly. Now the issue is, people want to invest in such crypto but they don’t want to pay taxes. There must be a mid between such taxes extreme. We, on the other hand, must consider this option and make our minds okay to pay taxes continuously over transactions that we made.

Yes you are right it comes from the taxes and that is the reason why cryptocurrency can actually destroy the economy of a country but if government decided to also use cryptocurrency like creating their own mining hardware they their economy will be improving a lot more just like japan today.

More and more people use bitcoin will be a trend. I think the government will soon begin to levy taxes on transactions and those who hold bitcoins.

The fact that bitcoin can not be physically tax does not mean it users are not tax, take for example the value added tax that we pay on items we buy for our daily use using bitcoin and other currency are other means the government tax it citizens. When you buy goods in the market the company bill you for vat which is included in the Price of such goods which are remitted to the government that is the way government tax bitcoin indirectly so bitcoin is not free from tax unless you don't use to purchase goods.

bitcoin community goes bigger in every second, and if 80% of of citizens engage in an one country, the government will make a new law that all the bitcoin holder will have to pay their tax.

So far, we can say and assume that there are now millions people that use bitcoin and earn from it. With those earnings, they probably have businesses now which contribute to the economy.

Legislators are beginning to realize the huge potential of the detachment, and the rapid spread of the crypto-currency among state and private enterprises, as well as investors, will facilitate accelerated decision-making on the regulatory framework governing the crypto-currency space.

To this day they have not found a way to charge cryptocurrency, lucky for all of us Bitcoiners, we can still enjoy our income from Bitcoin without tax deductions. There is a high probability that Bitcoin will be taxed in the future because bitcoin grows faster in popularity but for the time being, let's enjoy our tax-free income. Because Currently, everything is taxed, Bitcoin is the biggest thing that ever happened to us

Bitcoin is the future of the economic and whatever that is happening now should be see as an opportunity  to get bitcoin and others cryptocurrencies at a very cheap price.  Many countries economic are in bad shape because of fiat and blockchain technology is doing well and many of our economic problems will be resolved.

Today, many central banks are closely following Bitcoin's development. Some of them even proposed a digital version of their currency. For example, the central banks of Canada and Ecuador are among the first to study such opportunities.

If bitcoin will be supported by government then the economy of every country will be boost and gaining more support. This can help to improve the community of every country that suffers from many problems.

People are gradually beginning to understand that crypto-currencies are the best forms of money, because they are managed only by code, making them a digital sacred contract. The impact of crypto currency on society is not yet fully realized and will not be felt immediately.

The state has the right to collect taxes on the profits of transactions. This is a common practice in the world. But at present, the country is not willing to do so because if it means tax, it means a recognition of Bitcoin.

in my opinion bitcoin is a cryto currency and a form of electronic cash sent.while economy is concerned w/ production,consumption and the study of how people use resource and respond to currency.

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Yes, it is growing, but in my country, I would say only 0.5% is involved because most of the people think that it is something dangerous and unstable."

That is what this is all about. Sooner, when people are already using crypto in a regular transaction, the government can't do anything about it but to forbid the usage. Just like what they did to cocaine and marijuana. Such losers. ha ha!

The probability of 80 percent is a very huge number. If it should happen bitcoin could have been totally mined at that time. I don't know what might happen to its value but one thing is certain, Taxes are still paid indirectly. I could say this will be happening because for sure business establishment will be taking part in this development and stores will be opened with bitcoin as payments. Though no taxes are paid directly but the products are taxed thus when you buy you are paying taxes indirectly.

bitcoin has a great effect on economy because peolple that are earning from bitcoin are affecting economy with what they are making from the bitcoin and they are using it to train children build house and buy good cars. the earning from bitcoin has good effect on the economy.

even if the government can be involved in the world of crypto, certainly the government will sooner or later still apply the tax in the world of crypto. because in accordance with the provisions of the state that all of it will be taxable.

There is a huge chance that their funds will be decreasing and that is the reason why other governments are afraid of cryptocurrency growth but still it helps different people to have a wealthy life and its not a bad thing for people who does not have a decent income to sustain their daily needs.

This is correct that a country economicaly develop when it's citizens pay the tex to the government. If 80% peoples of acountry involve into bitcoin the cuontry economy will increase but more increase when they pay tex.It is possible if government recognized bitcoin.

Its fine if most of the people will be using cryptocurrency in order to sustain their daily needs because in this way they will be having a financial freedom, if all the people will be using cryptocurrency in their country then there is a huge chance that the price of bitcoins might increase even more and every people who are holding bitcoins will be wealthy.

If I think bitcoin and economy have a link because with there bitcoin so can improve the economy of society because with this bitcoin people can earn enough income so that become a prosperous life in economic side with prosperous society hence country will go forward.

Yes, I agree with you mate. We know that bitcoin has a role and has the capability to improve an economy. It gives alot of profit for those large company's or investor who invest on it.

In most cases governments are unable to collect taxes through bitcoin but if 80% of citizens depend on cryptocurreny than governments will also try to find ways of getting taxes bit this is not the case right now.

If the rapid development of bitcoin is very possible for someone to try to invest in it so that their economies can be helped by the results trade and the country can progress further if the population live prosperously without unemployment.

I think peoples still paying taxes to their government. If peoples buying goods with cryptocurrency, we know that goods already put VAT and thats means we paying taxes from our transaction.

if bitcoin has been legalized the possibility of every individual involved in cryptocurrency will be taxed, and if so, then bitcoin price will soar I guess. And bitcoin have made financially better changes

When this happens and Bitcoin becomes used or adopted by alot of people government would devise a means to collect tax since tax fuels a huge section of advanced economies. I am seriously looking forward to the period when 80% of the population uses Bitcoin.

but for me both need us and needed by us because we run bitcoin to make money and money from bitcoin to help our economy.

When my government notice about bitcoin, they won't legalize it because bitcoin is just like another investment tool ( risky investment )

But AFAIK, if government decide to legalize bitcoin, they have right to apply tax on btc or not because it's become their policy !

bitcoin is part of economy bitcoin is a money that can help to lead you to a bright future.

Bitcoin is virtual coin. The world is now moving to virtual and every international marketplace going to be dependent on bitcoins. Clients and workers use bitcoins for paying and buying. So I think there will be more people using bitcoin in the recent future .So bitcoin and economy are interrelated. So  government will have some measures, perhaps first to tax the exchange, and then tax your encrypted money purse. So it should be exchange within a rules and regulations of economy

bitcoin and the economy have not been able to walk together, because I see bitcoin has not had a very high trading volume that makes bitcoin very difficult to affect the existing economic conditions.

In my own opinion, bitcoins can actually improve the economy of a country if the government will just allow cryptocurrency on their country, just like what japan is doing right now in their own country.

This is an indication of lively corporation who emphasizes on reach and development. There are hundreds and thousands companies access over the world but only few of them have succeeded to know about what bitcoin is and how this one coin is profitable for them. Right now, as you have said, such economical centers have legalized and catered bitcoin and it would be a best source of economic growth.

That is indeed a good indication that maybe someday the bank's would accept Bitcoin as part of the economic growth aside from Fiat money. They should realize that Bitcoin should not be a threat to them but instead make it even more profitable.

A country that will accept to study cryptocurrency market, embrace it and adopt it instead of fighting it will encourage her citizens to make investments which in turn will aid circulation of money into other sectors of the economy and thus citizens will still pay their taxes in one way or another.

"For starters, it is difficult to determine the fair value of the bitcoin on purchase and sale transactions. Bitcoins are volatile and there are huge swings in prices in a single trading day. The IRS encourages consistency in your reporting; if you use the day's high prices for purchases, you should use the same for sales as well. Also, frequent traders and investors could use "first in, first out" (FIFO) or "last in first out" (LIFO) accounting techniques to reduce tax obligations. (Refer to the Bitcoin Tax Guide for a detailed explanation of issues in Bitcoin Taxation and reporting.)"

Read more: Are There Taxes On Bitcoins? | Investopedia https://www.investopedia.com/articles/investing/040515/are-there-taxes-bitcoins.asp#ixzz5J6J4mV28

Yes Bitcoin and Economy are two different things , but also it can b merge by accepting bitcoin as one of the major currency of a certain government, Bitcoin has a potential to improve the economical growth of a certain country it provides services that can help the government as well as the society itself, Bitcoin has a lot to offer from crypto, If the government legalize this method, Im sure it can build a better world for us.

Bitcoin plays an important role in the economy. Bitcoin usage is increasing day by day. And as a result the economy is being released.

It is not just the tax of people that pays, it is also the business of people and huge company. The government has a lot of business where they get their income not just people's tax.

The government is in action nowadays. Sooner or later they will already find a hole on which where they'll find a way to earn from it.

it's an universal truth like as many countries developed from their internal or external taxes,we all know  if where there 80 percentage people engased in crypto currency there is without taxation system is bad for there's economics conditions.

Of course know your costumer is the one requirements while you are entering in any business or applying job because this is to identify your own self and be trusted to go with any transactions.

Bitcoin has had an impact on the economy since its inception, despite the small change in its economy, but at least it helped the manufacturers realize their ideas through chapters. Fund raising as ico

That is right about taxes. We pay the taxes in times of buying any good or service but there are also the income taxes and government would also love to have a part of the income you earn through Bitcoin. That thing maters a lot because the more you earn, the more tax you pay which is called direct tax. So what I want to say is that if government started taxing you for dealing in Bitcoin, it is going to be the ordinary market.

Forum by the work of the US in some payment that. That Bitcoin known as. Such as BTC, ether, dollars in one of the most. Bitcoin the unemployed unemployment away. Which the economy role. Coins the sell that a lot of money is available. This money with any work can be as a result of the economy on pressure is reduced. And the economy of the impact of the rate of increase.

Economy is based on simple economic rules which provide us a path and make grasp on the economy. If we follow the market rules and strategies then we will move forward towards success. On the other hand it will lead us to a terrific disaster and especially in case of a country if government makes poor economic decisions. We have seen countries started from scratch with the Bitcoin and now they are doing well.

Before we can use bitcoin, we have to convert it to fiat first before we can pay our bills and by doing that, then there is the income. How can others say that bitcoiners do not pay taxes only because they are decentralized and can not be controlled or traced by the government? When in fact, bitcoin can not be used as bitcoin itself to pay for everything except very few companies

If the majority of people in a country are able to invest in the world of cryptocurrency certainly boost their economy becomes more secure however,the government also needs to play an active role to make it happen so that the atmosphere becomes more calm when looking for income.

Bitcoin has made significant impact on the economy. Bitcoin is being used as a digital currency in many countries. As a result, the economy of the country is connected with Bitcoin. Bitcoin will occupy an important place in the financial sector with the increasing use of Bitcoin.

If economy have a bitcoin our country will be nice because bitcoin is important to people and then it can also help people so that we should legalize bitcoin in our country.

The economy of Bitcoin is still small compared to long established economies and software is still in beta development stage. But goods and services, such as used cars and freelance software development contracts, are now tradable.

Normally governments are monitoring the exchanges and KYC is needed where fiat to crypto trading is available. So people will have to pay the taxes on their gains. On other hand, tax evaders will always be there and govts will take some measures for them. Development of a country is not dependent only on taxes from crypto, there are other sources too.

The bitcoin can actually can help elevate economy, because it can help jobless people to join bitcoin bounty and earn rewards token as you work and join bounty ICO, is this can help those jobless people then , bitcoin can really help the economy of a certain country, if bitcoin can catter people to bitcoin and can earn livelihood for them ,so it really will help the economy of a country, and I believed that.

Every country has a people who is working in bitcoin but the government is not engage their community to work with bitcoin rather than they are always spreading negative feedback about crypto currency,if the government is open minded with this type of work and educate the community about bitcoin their is a big possibility that bitcoin helps to improve the economy of the country.

No intermediary transaction required: Minimize bank and intermediary finance costs. Transactions at any time including holidays. No one has the right to freeze accounts or stop transactions.
It is almost impossible to create Bitcoin itself, but it is possible to exploit Bitcoin which is a bitcoin worthy of.

Bitcoin has a strong appeal to tech-savvy individuals, because it is beyond the control of the financial system. Bitcoin is like being able to balance the interests of the Big corporations with small business people

with the involvement of citizens of the world to bitcoin will accelerate the growth and development of bitcoin. I am very proud because once the bitcoin is very trusted by people but with a large marketcap people people back trust bitcoin

it does not matter because the state will not remain silent to overcome it because when legalized they can create a new regulation for bitcoin users to avoid such things will be no problem but there will be a solution.

At the beginning of 2017, Malta introduced Bitcoin and blockchain technology into its national strategy. Sweden and Japan have also accepted Bitcoin as a form of official payment to support the economy a lot

bitcoin and economics, bitcoin is still not currently able to affect the world's economic conditions because bitcoin circulation still can not be much like the bitcoin dollar is still new and many still do not know and understand how bitcoin moves.

Since Bitcoin has the effect of its use, I think it will impact its future economic activity.

Generally the money earned from btc comes from so many people globally for different nations and a new money would have been entered on that mentioned country and if those people are able to earn enough than this new money would enter into that nation which will be spendable and it is better than taxes.

I beg to differ and would rather go with the fact that Bitcoin has the power to alter certain financial institutions that are based up on the economic principals. For example if we talk about banking system, Bitcoin has posed a big threat to this.

Besides, Bitcoin can decrease the amount of cash up to a big extent in a country and this thing can question the government power of fiscal policy as well.

In some country, the government has already applied taxes about 80% of its citizens engage they have to pay tax in future.

Its true bitcoin is growing every day and every night and I see bright future of bitcoins so there's huge possibility that government makes some policy and rules against bitcoins.
After all, it's about tax and I've never the government of any country lean towards it.

That is for the reason that bitcoin is new as compared to others. Like if you are considering companies like unsilver and nestle and any other well-known multinational company, so brother they are operating since long time. We have been just started in 2009 and till 2016 this bitcoin wasn’t to be seen at any place. We can count these last two years for bitcoin as its growth. So it will take time.

No, I think economy is not only depend in taxes from worker in our countries, government can also obtain taxes from anything that covered it, like real estates, land and transportation or anything that related in whole country. Yes, it may affect the economy a little but the fact is Bitcoin will also be a good way to help in the economy like paying in an easy way transactions in businesses in the countries.

yet i believe we are still far away from that. Right now only 1% people on earth that buying cryptocurrency. If its true that 80% of people of particular country buying and using cryptocurrency i do they will get even serious in taxes. Its nit bad things its good things though cause after all taxes is for development of country and the problem is how much is the rate of taxes for cryptocurrency cause right now i think its unfair. I read that in korea they charges 10% for every profit from crypto.

You're wrong. There is a well-developed system of Bank payments. All calculations are easy to do through it, but it is completely under control. The bitcoin economy is not developing now and therefore the government is quietly watching the life of the cryptocurrency. As soon as the first signs of the crypto-currency economy appear, we will see the activity of the state to counteract.

this is beneficial for bitcoin parties as long as the government does not impose a tax on bitcoins. in general of course the benefits can be taken by its users, and can reduce the unemployment rate. that alone is enough to help the country's economy.

well it growth so fast and implied in many technology invention in it, well this is will going to affected economic in many country that been appllied with it, just looking foward with this tech

if in one country, the majority of the people are involved and using crypto then the country will surely impose a tax on income from crypto. so the state will receive revenue and can improve the country's economy. crypto will always be related to economy and state policy so can not be separated.

I think if 80% of the population of a country already uses cryptocurrency then 80% is also likely local government will legalize and will impose taxes.
It depends, as long as bitcoin or other cryptocurrency is not authorized by the local government then there is no tax on them before you redeem the banknotes or other taxable goods.

If the majority of the population in a country is able to exploit the existence of bitcoin well would certainly have a positive impact on the progress of the country because with the welfare of the people of the country do not need to spend too much money to help their economy going forward.

Bitcoin and economy and technology in your savings. The first place, right to invest, right? Broken up into your savings and it is a start. Cause I don't know what you think of cryptocurrency. I even though, right now. I believe that bitcoin will fall in love with the flow. Cause bitcoin is our future.

There are many countries in the world where Bitcoin is illegal. If 80% of those people use Bitcoin, then the government should make Bitcoin valid. Then the government will take some measures and impose taxes to the public. This will not harm the countries, but by making legalizing Bitcoin, the country's economic development will improve.

Yes it is true that they are not paying taxes but the one thing is true also is that the cryptocurrency supporters are spending their money in every product of their country where in they as consumers giving small amount from their personal pocket to tax the government from the product. So these people are still helping the economic growth.

Economy improve through paying the taxes of all government employee and other people under the government this the responsibility of the people depending in the government to pay taxes. In bitcoin, bitcoin gives to people income easier and helping to earn money that why bitcoin helping the economy to level up through helping the people in the economy.

As discussed bitcoin implemented legalized in the nation economy grow up because of there pay taxes if its approved according to the laws mostly now are 90% using bitcoin all over the world.

In Belarus bitcoin was legalized - are these not the first prerequisites for real changes in the economic future of the whole world?

Economy rate increases with increase in GDP and the economy of my country has increased 4.7 percent from the previous year which is a good improvement in the rate of GDP. We noticed that some countries dropped to lowest economy among all the economies of countries and this is due to their poor policies but some of them adopted digital currency which made their economies better.

I am believe in the future government will issuing regulation on cryptocurrency, all crypto holder must paying tax from their profits. With cryptocurrency growing, government must be want to collect taxes. Investor must be more comfort if cryptocurrency get regulation because its more safe for them from scam project

Not all countries developing because of taxes. There are many countries developing with utilizing natural resources like oil mining and gold mining.
And bitcoin is currently have tax but that if bitcoin is regulated by the government of a country that accept bitcoin for transactions in that country. But there are some people who avoid the tax and talk about bitcoin is free of tax even though the state government has given access to bitcoin transactions in that country.
80% is a big amount I think not everyone will be involved in cryptocurrency. There must be about 60% of people who still use paper money and not involved in cryptocurrency.

  It seems to me that if it happens so that 80% of people in the country will be engaged in cybercurrency - then the state will be forced to legalize it, or it will not be tolerated altogether

We all know that the country's economic system is the future of the country. And in each country the economic system is given a lot of importance. Bitcoin is our future foreign currency. Bitcoin in the future will affect our country's economic system and take it to the peak of progress.

I dont think that bitcoin dont pay taxes to the government, all of us using a exchangers and exchnagers paying taxes to thier country that will help to improve the economy of one country, in short bitcoin is paying taxes and good for economy.

I am sure if the crypto currency is more advanced in the future then the government will issue a tax for crypto I am sure the government will not allow a popular item without tax and i think bitcoin will always on never die

Yes bitcoin will never die rather it will more popular in future and everyone will want to deal in bitcoin because it will more  profitable for them so that's why government will allowed taxes on bitcoin and the economy of a country will more gain so government will provide to people more advantages and that's why social development will improve.

Bitcoin and economy will have a great relationship in the future because when countries will adopt bitcoin then it will help them to make the economy better and that is enough for us to expect some futuristic and more advanced and secured stuff in the future. Economy is not that easy to make it better but with bitcoin, i am sure that the progress will become faster.

Governments will try to find a way to tax cryptocurrency holders, besides when we come to that point that means that the average person is using cryptocurrencies and it is very easy to scare people into compliance, now there is going to be some people that are going to avoid paying their taxes and those are going to be troublesome but governments will surely figure something out.

Possibly cause something bad in the economy of some countries, in Venezuela you can see the use of cryptocurrencies, but in any case that was the best option that could be taken with the situation facing that country

 I think that real harm can be done for government economy system only in the case when real big percent of people would be involved in cryptocurrencies.

Bitcoin and economy is compatible because cryptocurrency can improve the economy of a country if government will be allowing their own people to use bitcoins because everyone will be very wealthy.

That is one of the best ways to solve this problem for now and it looks logical to a lot of people from the industry. Let`s hope that this is the way it will be and solve the legal issues around the crypto.

I think it does. The cryptocurrency market, being one of the hottest trade and investment market these days, running behind the real estate and stock market has a very big potential. That potential transcends to so many positive and ground-breaking changes in the market that it helps many local and global economies alike have a better business. The transactions that control the flow of money in the market, and basically helps it gain more circulation helps not only individuals but start-up business to gain more momentum that helps locals business to grow and expand.

Startups are starting to raise more money on ICO than from venture capital funds. VCs are also joining the market quickly trying not to miss the boat. There is a noticable fact that most of the more or less decent projects had raised mostly from VCs and done an airdrop for the community to keep members happy.

Real sector of economy is only on its way to attract capital using crypto. Overall direction is very clear: it is easy now to raise capital or get credited by anybody from anywhere in the world. The infrastructure will soon be ready for mass adoption (lets hope it will take place next year).

I think when the time comes, bitcoin will have a stable value because bitcoin is used as currency, and bitcoin will be used as a daily transaction.

bitcoin and the world economy, bitcoin is likely to provide a solution that can make the world economy even better when making transactions and remittances.

Will its a good happen,when the 80% of the citizen engage in cryptocurrency,and maybe in this time the cryptocurrency would become legalized and regulated to operate globally ,so maybe those our anxiety in the future that bitcoin is growing faster  and might known today without paying taxes to the government would become not our troubled because thats time of become regulated cryptocurrency would impose a tax payment.

Well stability is not important to see bitcoin as the currency because even if the price is not stable some countries are using bitcoin as currency in a lot of countries, bitcoin is good at demand these days, because it is best source of making our economy well, it does not take much time to become legal as already some countries have announced it legal, because it helps the economy to be improved people are getting jobs with it and it helps all people to make good income so bitcoin is important to make an economy well developed.

This is the best case scenario for the government and the cryptocurrency market, but many countries still have a crypto ban. These countries are still catching up with the trend of the world and losing a chance to develop the country and access to a potential market of the people.

I think that the effect is very small for the state because the users themselves are not in tax by the government and the income from bitcoin for the country is only a little bit, maybe it's just that the people who are bitcoin active users of his life look better with the results obtained but it's not everything will look okay.
it is likely that in the future if a country has a majority of active users of bitcoin all, it is certain the government will not be silent and will take part to attract taxes so that the country's economy progresses.

If being implemented well then it can be use to help providing services that can lift and lessen transactions delayed, if the government see this and if they will adopt it can maximize the system to collaborate with real usage of this chain, there's a need of proper exposures and making the leaders of nation's realize the possible outcome if this system being implemented.

many people use bitcoin but of course from bitcoin there are used as an asset like home or land and it certainly also has taxes, although the origin of bitcoin

I believe Bitcoin and cryptocurrencies will also contribute to the economies in such countries by providing smooth and fast transactions. I would like us to view Bitcoin and cryptocurrencies as money rather than seeing it as a physical asset. If We view it as money or a means of exchange, then in terms of taxes, you will only be concerned about what property or item it has been used to purchase and taxing the item or property accordingly, rather than taxing the bitcoin itself. If I may ask, do you pay tax on money that is idle in your bank account?

The system of the government will drastically change for the best if they will implement the system of the bitcoin because they will have an easier way to secure and transact different types of payments and they can do limitless things with the blockchain because it is maximizing the use of the internet which is most common thing for this generation.

if I prefer bitcoin, because if bitcoin can be used for long term and also bitcoin can be a savings in the future, I will anytime choose bitcoi,I love bitcoin.

When the time comes if there will be more people in a country will engage in cryptocurrency, I think that the government of that country will study and implement taxes in cryptocurrency and those taxes will help the economy.

The money that is placed on the bank and has been sitting idle for a while requires no tax. Why so?  It is because the tax has already been deducted from it the moment we received and earned it. Now, if the money you have in the bank earned an interest, let's say a monthly or an annual interest, these interests are considered as a newly generated income and is therefore taxable.

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Just because  bitcoin is decentralised does not mean it is already non-taxable. Depending on the country where you use it, taxes are still being applied to it. In the US, for example, this:
https://i.imgur.com/GgpFfL5.jpg

Reference: https://www.google.com.ph/amp/s/www.theverge.com/platform/amp/2018/1/29/16928768/cryptocurrency-bitcoin-how-to-file-taxes-2018-return-compliance-irs

The table above states that the tax applied on the bitcoin entirely depends on the means of its acquisition. Therefore, depending on a countires regulations, bitcoin and its usage is not exactly tax-free.

 Moreover, if it is used as a means of payment in exchange for fiat, then it still is not tax-free. Almost all of the products already has a compensated tax value in them the moment you buy them. It is not often being noticed as it is being paid together with the product's price but it is stated in the receipts. Therefore, the government which is responsible with handling their citizen's tax, which will be used for their projects such as infrastrucutres and programs, is really not a problem in case bitcoin is use.

Many countries have accepted Bitcoin and cryptocurrency in their transactions and payment services, suggesting that these countries are beginning to see the effects of crypto in their lives and that these are very positive signals.

The world is now moving to virtual and every international marketplace going to be dependent on bitcoins. Clients and workers use bitcoins for paying and buying. So I think there will be more people using bitcoin in the recent future .So bitcoin and economy are interrelated. So  government will have some measures, perhaps first to tax the exchange, and then tax your encrypted money purse

The situation in Venezuela is desperate people there are doing all they can just to survive, the policies of their government have been a disaster for their country that was relatively well before socialism took over I just hope this is a lesson for all of us, communism and its small brother socialism are not viable in the long term, but at least we have some proof that in the case of a crisis bitcoin will be used by the population so they can save themselves.

Bitcoin is closely related to the economy, let alone the economy that concerns a government or a country. Bitcoin can make the economy of a government or a developing country if bitcoin grows rapidly. Therefore, this development must be accompanied by cooperation on both parties.

The government will take measures to get taxes, and they can tax the way you taxed the exchange or store your bitcoin. Tax is necessary for the development of society.

If in a country 80% of its citizens are involved in cryptocurrency. Then it should be taxed. So the government in this country can legalize the circulation of bitcoin currencies. Therefore, the Government can legalize these bitcoin currencies with many needs. I strongly agree.

I don’t think it will happen, 80% is a lot even if everyone goes for cryptocurrency paper money will be forgotten.
In cryptocurrency no one can guarantee a bright future and get monthly payments on a regular basis. Most people will think about the work they’ve been in for years to keep their monthly economic stable rather than trusting cryptocurrency and leaving their jobs.

Very few countries if any are going to reach that kind of acceptance, only the richest countries could afford that but we will need to ask ourselves how it will be possible for those rich countries to continue to be rich when most of their economy now is running in a currency they have no control over? And that even if they try to regulate it they have no way to enforce their rules.

Economy is fundamental of the country advancement and it interface the all country business. In any case, economy isn't cash. If necessity for the other country improvement information. Economy is help to collect other country improvement. So if economy will be advancement country will be improvement and business in like manner make strides.Otherwise, Bitcoin is future modernized money. So it wherever to use. It accomplish the all country. It help to people advancement and country improvement. Bitcoin is interface the other country people so normal to gather other country crucial.

The world is currently moving to virtual and each global commercial center going to be reliant on bitcoins. Customers and specialists utilize bitcoins for paying and purchasing. So I think there will be more individuals utilizing bitcoin in the ongoing future .So bitcoin and economy are interrelated. So government will have a few measures, maybe first to charge the trade, and after that expense your encoded cash handbag

Clients and pros use bitcoins for paying and acquiring. So I think there will be more people using bitcoin in the progressing future .So bitcoin and economy are interrelated. So government will have a couple of measures, perhaps first to charge the exchange, and after that cost your encoded money satchel. The world is as of now moving to virtual and each worldwide business focus going to be dependent on bitcoins.

So bitcoin and economy are interrelated. So government will have a few measures, maybe first to charge the trade, and after that cost your encoded cash handbag. The world is starting at now moving to virtual and each overall business concentrate going to be subject to bitcoins.Customers and aces utilize bitcoins for paying and obtaining. So I think there will be more individuals utilizing bitcoin in the advancing future .

I strongly agree that people who use bitcoin have to pay taxes on the state for development, but what I worry about is bitcoin tax money misused by the state or in corruption by high-ranking state officials.

There is always been a strong connection between the income of the people and the success of the economy... regardless if it is bitcoin or not there is always a relation between these two whenever people in each country grows in their finances and gives back to their government what is due to them by giving their taxes faithfully and if the people in the government do not spoil it or corrupt it then the economy will rise to its stardom and many new things will happen and come up in the socioeconomic of the country.

I think if ever that is the case that 90% of the population is on crypto currency specifically Bitcoin, I think the government is smart enough to legalized it or at least have some regulations around it to protect their people as well as to be able to put taxes on it so it can help the country as well.

Bitcoin and economy is a great team. Why I say so? Because think of this, bitcoin helps people to have an income or in short, to help people become rich people. To make their lives better than before. And that is why it helps the economy because it helps the people who lives in it when they use cryptocurrencies like bitcoin. Then the economy helps bitcoin because without the economy or without the people who will use it. Then bitcoin will never work to help people.

I think even though we have not directly pay taxes to government with our income from bitcoin but still its helpful to the economy in different way, people who have income from bitcoin can now buy things, goods and services they want and that is where the government can get taxes from the establishment that are selling those goods and services, because if government interfere bitcoins through taxation then its decentralized form will vanished.

I think there will be more people using bitcoin in the future. Because bitcoin can help world economy with invest and you can learn first how to trade then after you can do it you will have a big profit

I think it does not give as much impact if people involved in cryptocurrencies will not pay. There are many sources for taxes aside from cryptocurrencies. It will be just a bonus point if taxes will be paid when holding coins. Since we are talking about money in a cryptocurrency form, holding coins is just like saving money. Do people pay taxes when saving money in a bank? Well I don't really know much about it but I know that when we do hold coins we get paid an interest. So I just thought this idea may be similar holding cryptocurrencies.

Future is too unclear to be seen and predicted. Therefore, I prefer to build a well-diversified portfolio based on your risk preference and investment goals. And it should include different assets among which are various currencies and projects. I can name you one good Token Sale. It is called Socratus.  It is an insurance ecosystem which provides a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem.

Bicoin can change the economy in positive way. It creates jobs for the people who has the knowledge about interney. Thus, Bitcoin decreases unemployment in a country.

It is undeniable that governments impose taxes on almost everything we do and use from the things we buy in the supermarket to the income we have from our jobs. So bitcoin users still pay taxes one way or another, it is just not directly through bitcoin transaction or trading. Moreover, bitcoin can help with economy crisis since it can bring a lot of profit to its users and when people have more money, they would buy more goods or invest in other areas. This would surely brighten a country's economic situation.

It is a wide topic with many opinions so there is no right or wrong. the government really does as it pleases it could impose tax or ban it overall. its a complicated situation.

if the population in a country has used crypto and the majority of the population uses crypto, at a time the government will impose a tax for all crypto users. and the government will regulate crypto and its use. currently, crypto users are so few that tax has not been applied.

Cryptocurrencies is decentralized, that is not controlled in any government agency and that is not taxable, but in other point of view the people support cryptocurrency who earned from cryptocurrency are using their income to buy something is subject for tax, in any developing countries almost all money earned by common people are used to purchase goods that satisfy their needs are all taxable. In other way governments are also gaining income from cryptocurrency but indirectly.

I do not think tax should be eliminated completely, because its what the government use for infrastructure. If we dont pay taxes then who would shoulder them? Somehow I do not think the people will be cooperative with this. So eliminating taxes for bitcoins is somewhat impossible in my opinion.

I think that soon they will come up with how to charge the tax for the cryptocurrency from the population. Because it is really not profitable for the state. But taxes are not the only opportunity for the development of countries, though not unimportant.

Maybe in the future, the government will give access to cryptocurrency and then there will be wallets that can be monitored and linked to the government so that the government can get tax from every transaction from each wallets. We’ll never know what is in the mind of the government in order to get a stable tax and comfortable for its citizens.

I don't agree with that that people who engage in bitcoin don't pay tax simply because bitcoi transactions is not tax directly but the fact still remains that bitcoin users also pay tax on the various good and services they pay for using bitcoin and I also know what is call VAT as an economist which is value added tax which customers pay for on goods they buy.

With the rapid development of bitcoin,it is likely that the government began to enact a regulation on taxation so no one feels in disadvantage and the country can become more advanced in the future.

Obviously, the funds of the government will slowly decrease and that is the reason why other governments of the country are not allowing cryptocurrency to flow in their area.

I think there will be a lot of people investing in bitcoin in the future, as this is the largest virtual currency and scale in the future. Hope a lot on this coin.

As the level of Bitcoin development is increasing, countries that do not have Bitcoin tax laws will also have a levy on Bitcoin. If they do not do it, then the economy will be harder to develop than other countries.

Bitcoin, if done in the end for the economy thanks to the investment and thanks to the contributions to the program ico it gives us the opportunity to invest in the ico to get shares from the call investment funds

but it is also very important to apply income tax on a regular basis, if it refers only to VAT, it will not prove anything because it is the obligation of all ordinary transactions, this model must be run first in countries like USA and europe, large volumes of there and the government should begin to focus on personal income taxes from crypto.

For me cryptocurrency is decentralised ,and it is not controlled by the government agency so it is a taxable. So i will say that in time to come many people are going to invest in the cryptocurrency.

in my country bitcoin has not been legalized and is not taxed for its citizens who plunge into the crypto world and maybe a few years to come bitcoin will be taxed and the state will legalize bitcoin, but i will be much better

This is a good point actually, that many governments bring up in order to suppress and ban cryptocurrency. You can see an example of this happening in India, where the RBI has restricted banks from changing crypto into fiat. But coming back to your point if such a condition does come to exist, than the country has no choice but to find a way to make these dealings taxable.

Bitcoim surely affects the economy, as we all know government run a country only with the help of contribution of people in the form of tax.Bitcoin is non taxable so surely bitcoin will affect the economy of a country.Many countried are banning bitcoin only because of this reason.So the only solution that left behind is either    make bitcoin taxable or ban it in order to secure the economy of a country.

Obviously with bitcoin can encourage economic growth in each country and also reduce the unemployment rate and can have their own income.

Indeed, Bitcoin can be helpful for the community if the government will use it to harvest some taxes. However, Bitcoin is not intend to be controlled by any elite personnel. It was develop and establish for the people to use their money wisely and independently.

Moreover, as the bitcoin continues to grow, it also contribute to the economical growth of a country. It is very important the different currencies come inside the country. Also, bitcoin give rise for an opportunity to have a job for people.

I think if 80% of the people in the country will use cryptocurrency, the government  will create regulation that cryptocurrency will have now taxes. An we don’t want that to be happen.

I think the government will always look for ways to control the crypto currency and will make crypto users pay taxes, but the government should also know that crypto currency has nothing to do with the government so they can not impose a tax from crypto

I agree with you mate, government cannot impose taxes on bitcoin users because they don't have control on crypto, But they can get taxes from crypto exchanger, yes the can imposed taxes on crypto exchanger.

Soon all states will think and it will come to them that it's time to collect taxes from the crypto currency!

Bitcoin is a service oriented coin tried to establish in the world.Though it is in its beginning stage linked with the modern technology and the computer. Bitcoin is a modern form of economy with a strong net work systems its specific characteristics which are attractive to the global business community Bitcoins popularity and its usefulness has wide spread globally and bitcoin could attract the global investors confidence.Now most of the industrially developed countries are attracted bitcoin and they agreed to operate parallel to their economy and bitcoin could help some countries like Japan, Greece,Brazil and Venezuela for their economic down turn and with the help of bitcoin above countries could overcome their economic instability.

Like you there are so many countries who are likely to legalize this bitcoin. They are now planning for it. However not any solid solution is presented. Actually the problem is, there are some politicians in forward lobby of every government who are always profit oriented. They are selfish and they aren’t letting the whole government think positive about this bitcoin. They are making problems.

Most of the money around the world is already moving in electronic form, that is just the way it is, but governments are doing everything they can to resist the adoption of bitcoin they understand very well that if bitcoin is widely adopted that will mean a disaster for their economies, but the problem they have is that their economies are already a disaster so bitcoin could be the final blow to an economy in danger.

I still choose bitcoin, because if we choose bitcoin later we will get multiple benefits, waiting for bitcoin to be the same as we save GOLD, every time the price will rise infinitely.

Yes, because the government currently doesn't know about bitcoin announcements, but some of them ban bitcoin and consider bitcoin illegal. If the government knows its benefits, the government can be assured of applying high taxes to those who use bitcoin.

The economy exist today even without bitcoin, and if eventually bitcoin or crypto will be used by many in the future, by then taxes maybe inplemented already. But i don’t think it will affect the economy because its not the only source.

I think bitcoin and the world economy need each other because one day the world economy will definitely not be able to use paper currency anymore but I am sure it will definitely use digital currency so bitcoin can be one of the world's economic solutions in the future.

bitcoin and the economy have many implications for how they will support and interact with each other, such as the developed economy, which will significantly increase the value of bitcoin.

i dont think it would happening in near future. Bitcoin is a currency and also as an asset, this what make crypto unique and i believe its hard to regulate it. The more people engage on cryptocurrency the more popular the crypto is, the sad things is bitcoin affecting all altcoins and seems its not healthy enviroment for altcoins to grow. I believe bitcoin will be much stable when sec approve the etf proposal and we would see more people starting to do transaction using cryptocurrency.

Do not hang in the clouds, drop to the ground. If there is a situation when 80 percent of citizens who are engaged in crypto currency will not pay taxes, the state with great pleasure uses it for a severe restriction in circulation, or in general prohibition of decentralized crypto currency under pain of criminal punishment for its use. And then there will be nothing to object. So if we want the crypto currency to actively spread around the world, taxes need to be paid. See how it happens in Japan. They are accustomed to observe the law, citizens pay taxes on profits from crypto currency and the state is also pretty. Last year, taxes from activities in the crypto currency gave the treasury of Japan 0.3 gross income.

I expect the country to be 80% richer.In any case, if there is such a number of people holding cryptocurrencies in their wallet, the country in which they live will be obliged to take taxes.And in the end everyone will be satisfied.In many countries, the issue of taxation of cryptocurrencies is already acute.

If a country has more than 80% of the population, the economy will grow, the cryptocurrency market will be very active as a buffer for the financial economy of that country.

Right now in my country I can say that less than 1% of people in this involved in cryptocurrency earning, especially when all the government's all sources of information are saying that cryptocurrency is a bubble and it is negative.

As long as it stays online, bitcoins are just points in a strange video game, so it makes no sense to make trange connctions.
In the moment these "points" turn into money, then one can argue.
But let's talk about something completely new, so the lawyers will have a lot to work with.

It would still progress. People engaging cryptocurrency will be using their earnings in the real world no matter how hard they hold it. In fact, after they cash out their earnings and use it to buy things in real world, they will be paying taxes in it.

Theoretically there should be no repercussions on the economy:  bitcoins are only another system of measuring wealth.
But the fact that they are anonymous and can move around the globe escaping the controls creates fiscal problems that until now had not presented themselves. We'll see.

Now most people do not even know what bitkoyn is. When it turns out 80% of citizens, then the government will already come up with levers of management and levy taxes on trade with bitkoynym.

Because bitcoin is still not legalized and in my opinion that is what makes bitcoin users not pay taxes, if the government can legalize bitcoin, then a country's economic growth will also increase, because the growth of bitcoin can also increase well if the government legalizes it with another intention the government will support bitcoin. If they are aligned, then the growth of both will also be even better.

There are only two possibilities either the government accepts its fate and becomes smaller, this is very unlikely, or the government bans cryptocurrencies, the most likely option, but even then no one will comply so governments are going to take the longest and hardest part but eventually they will have to acknowledge that they will have to get smaller.

   Development of a certain country not just depends on taxes of its citizens. Government can't collect taxes from bitcoin because it is decentralized unless they will regulate it and make it legal. But people also pay taxes in many ways when bitcoin already converted into fiat money.

If the bitcoin really spread, and could remain anonymous, it could create some problems.
But I think that institutional power will be able to find a way to control it before this happens.

Definitely Yes,  it is not possible that it will happen in the future. Since bitcoin is developing every now and then. But   if that will happen, government will create regulation that can benefit them. For now, the can't collect taxes because of blockchain decentralized.

Global financial crises generally happen because

The Banks have too many toxic assets, making them stop giving out loans (the one in 2008)
Stocks are overvalued and now, people want to cash-out by triggering a massive-sell. (great depression of 1930s)
Hyper-inflation, typically happens when the government bails out on its debts. (Happened to some countries during 2008 recession)
In the first case, people who have assets stored in banks, lose out. People with large savings accounts won’t be able to withdraw because the big banks don’t have cash reserves.

In the second case, people who have assets in the form of stocks lose out because now, the stocks they own are worthless.

In the third case, there is far too much money in circulation. So, everything becomes expensive. If you have money stowed in a bank, in the form of stocks or under your mattress, they are all worthless!

People buy tangible assets such as Gold, Houses, Land or expensive paintings to store value. Bitcoin is one such store of value. Tangible assets like these make an excellent fall-back option in case there is an economic crisis.

Since Bitcoin is

Fungible (Every Bitcoin is alike)
Transferrable
Divisible
Finite
Bitcoin makes a perfect store of value. So anyone who owns Bitcoin at this point will be super-rich. Its value will shoot up during a financial crisis.

In my opinion, Bitcoin closely related to the economy nowadays, let alone the economy that concerns a government or a country. Bitcoin can make the economy of a government or a developing country if bitcoin grows rapidly. Therefore, this development must be accompanied by cooperation on both parties.

if I support bitcoin, because bitcoin can be made or exchanged with the economy, I believe bitcoin can become an economy in the future, until whenever I will always support bitcoin and I will develop bitcoin in my life.

If Bitcoin really spreads, and could remain anonymous, it could create some problems. But I think that institutional power will be able to find a way to control it before this happens. Not all countries developing about taxes. There are many countries developing with utilizing natural resources like oil mining and gold mining. And bitcoin is currently have tax but that if bitcoin is regulated by the government of a country that accept bitcoin for transactions in that country. But there are some people who avoid the tax and talk about bitcoin is free of tax even though the state government has given access to bitcoin transactions in that country. And 80% is a big amount I think not everyone will be involved in cryptocurrency. There must be about 60% of people who still use paper money and not involved in cryptocurrency.

it looks like in the future bitcoin and the world economy need each other because of the world economic conditions there must be new technologies that make buying and selling transactions and money transfers very safe, so bitcoin and the technology that bitcoin has can be one solution in the future.

It is likely that in the future if a country has a majority of active users of bitcoin all, it is certain the government will not be silent and will take part to attract taxes so that the country's economy progresses. I think that the effect is very small for the state because the users themselves are not in tax by the government and the income from bitcoin for the country is only a little bit, maybe it's just that the people who are bitcoin active users of his life look better with the results obtained but it's not everything will look okay.

Maybe their government will regulate tax payments for bitcoin holders. But I don't know for sure whether it can be done or not.

Of course Bitcoin has a great impact on the economy of a country and this is visible from the fact that unemployment has been greatly reduced and decreased after the introduction of Bitcoin in countries like European and America.
Besides, it has reduced the cost of transaction and you do not have to pay to the bank for making a transaction anymore which means the national saving has improved and this leads to the balance of payment surplus.  SO Bitcoin is very good as it accelerates the growth of economies which are ready to absorb the shift.

First, you have to know what you just said now is not possible, there is no way 80% of the people in a country will go into Bitcoin… sorry you’re wrong there. And secondly, I believe that roughly 70% of the people in this community possibly have a business they are doing outside of Bitcoin and, and they also pay tax for it, so you don’t expect them to be paying double tax. I don’t think people that works online like freelancers pays tax.

If it does, and it will, the government will simply acknowledge the existence of crypto currencies and actually protect its citizens from financial crimes by applying laws especially made for crypto currency. Of course taxes should be in a minimal considering its new, but for me paying taxes is a small price to pay so the government will be more open to crypto currency.

For me bitcoin existence would mean a great helps to country economy. If some countries accept bitcoin and make it legal, I think some users will oblige to pay taxes from bitcoin investment income and this will helps to grow better countries economy.

Bitcoin can not become a substitute for traditional money and is not suitable for the role of the main currency for the world economy. Even if regulators adopt bitcoin, deflation will hamper the development of the crypto-currency economy. And until now, bitcoin uses more to earn on it Fiat than for regular exchange. To build the economy on crypto-currencies, it is necessary to change a lot in them, so that they become more similar to traditional money.

Bitcoin appealing to many people because something that will never increase in supply is more likely to hold its value. The problem is that in the event of a crisis, there would also be no way to add liquidity to the system, since you can’t “print” more bitcoins.

Good explanation about this mentioning issue.

The influence of the digital age has made breakthroughs in the cryptocurrency market. People pay close attention to Bitcoin, Blockchain technology has a positive impact on the economy of each country.

this is beneficial for bitcoin parties as long as the government does not impose a tax on bitcoins. in general of course the benefits can be taken by its users, and can reduce the unemployment rate. that alone is enough to help the country's economy.

It can really give a bad effect on the economy if and only if people will just focus on cryptocurrencies and leave or do not have the will to have a regular job since they earn in this way. But I think, their earnings will still somehow help the economy in different ways. It is just up to them.

We need to choose soon, even at the current prices many people cannot afford a bitcoin anymore, they see its huge price and they think that they will never be able to afford one, and they are right, even average people in first world countries will have problems getting a bitcoin since most of them do not have any savings and when bitcoin skyrockets again it is possible that bitcoin will be worth the income of a full year for a person in the first world.

This is one of the reasons why many countries that are not yet legalized bitcoin and even to ban bitcoin in his country. maybe the countries in the world have to figure out a way how to organize the regulation of bitcoin so we are the owners of the bitcoin and also countries can get benefit from bitcoin or this crypto world. And also can make the scamer reduced.

Bitcoins have economic implications and bitcoins will make our economy more active because bitcoins do not have the inflation and bitcoin at no cost so we can save on fuel, and bitcoin is more secure. you.

bitcoin is represent of the future economic transaction.

The development of virtual currency in general and the price volatility of virtual currency Bitcoin in particular in recent times attracted the attention of public opinion. The emergence of virtual currency has created many challenges in implementing monetary policy, controlling cash flow, risks arising in financial transactions and the safety of the banking system.

In the current economic order, developing countries are treated badly. This is mainly due to poor trading after independence, and the promotion of Western-based development in the second half of the 20th century. This means that many countries in Africa and Asia do not. Can enter or not adapt to the international market. Cryptocurrency and Bitcoin offer the opportunity to help countries and people with post-colonial economies.

Bitcoin has been a "hot" keyword thanks to its rapid growth and unprecedented coverage. Apparently, the cryptocurrency, which is prominent Bitcoin, is attracting growing interest from investors in the context of turbulent global politics. Blockchain technology is growing and widely accepted.

Some governments like the US already have measures in place to regulate its residents and to ensure taxes are remitted.

In the context of Bitcoin and altcoin, which are becoming more and more popular as the payment system moves to the mobile direction and investors are constantly injecting money, central banks are beginning to study more deeply on cryptocurrency and blockchain technology. Some countries around the world have introduced cryptocurrency management measures, considered as a kind of business goods.

It seems to me that we forgets that all life is an experiment, and all human efforts are merely an attempt to bring order into "cosmic" chaos.
Bitcoins - like all other kind money, or gold - are only human creations, therefore inevitably imperfect and destined sooner or later to be replaced.
We can only try to intercept trends, and to earn something.
It would already be a very good result ... :)

Bitcoin is a good investment. It is one of the fastest growing economies in the world. bitcoin is a country's economy. This is a future digital amount, so bitcoin can be used anywhere. Then the money to the country will increase. Because of bitcoin, the economy of the country is rapidly growing. And bitcoin is used in business. This will also lead to a major economic crisis. Bitcoin is a strong economy.

the impact will indeed be very good for real-world business circulation, although it still stumbles with regulation, but some businesses can be developed, at least for businesses that continue to run online, if the use of bitcoin is widely implemented, it will also have a good impact on the real economy.

Most of the countries where bitcoin is legal people are paying taxes. Development of country comes from GDP, Exports, Human development and economic resources not only tax.

And how they are going to put laws in place to protect their citizens when they could lose all their coins to a person living in the other side of the world and that is impossible to track and it is also impossible to recover your coins? People need to understand this, the government will never be able to regulate this market and the sooner you realize this the sooner you will realize that you are the one that needs to protect yourself.

bitcoin and economy have mutual support if they have the support of the government, we will take new steps in the process of economic development as well as the development of bitcoin.

Well, Bitcoin is not a fiat currency with legitimate status in any country, but it often remains tied to the rules of tax liability regardless of the medium of money used. There are various laws in many countries that may result in income taxes, sales, payroll, profits, or other forms of tax liability arising with Bitcoin. In other words, Bitcoin can be taxed.The rate of such a crypto currency as bitcoin grows with a high demand for any crypto currency. If there are players on the market who are ready to buy this currency, the rate will constantly increase.

As far as I know, the country's budget depends on other taxes, but not on the cryptocurrency. You are sure that taxes on cryptocurrency will go into the right hands. As it seems to me will plunder without having managed to reach the budget. If blockchain technology was to take taxes to the Treasury, then I would have fewer questions.

Even though 80% of a country's citizen is using bitcoin or other cryptocurrency in the future, it will not be the greatest breakdown of their economy. Perhaps, it can be a great help. Though we are not directly paying taxes, but all the purchase and transactions we will have can be considered indirectly paying of taxes. The more purchase we will have, the greater the chance the economy will bloom.

Yes there is always a possibility for 80% of the people to be involved in crytpocurrenncy as you have said, but as of now it is not what it seems to be. People are not taking cryptocurrency as a serious matter because as I have  observe a lot people where afraid after they saw the market moving down very low. They probably need more time to see how cryptocurrency can be of help to them. Now it is far more from being realized and no signs of greater interest can be seen so far.

It takes a lot of time to evaluate whether cryptocurrency and the technologies behind them actually deliver great value applications, but one thing is for sure if you're only interested in the blockchain technology. It is a great omission if ignore the remaining technology pillars of cryptocurrency.

I would like to have a real example of Bitcoin replacing with the local currency of some particular country so we would have an example that country can be better with Bitcoin.

I do not understand how bitcoin could improve an economy: bitcoin is a measure of value, has no value in itself.
If an economy is poor in dollars, it will also be using bitcoins.
The difference is that you can not make fun of citizens by printing paper money.

bitcoin and the economy seems like bitcoin is the best solution in the future to be able to create a world economy that is good and when making transactions it is safer to use cryptocurrency.

Do you think that the government is not aware or not looking at cryprocurrency? Crypto is very controversial specially bitcoin. Government is quietly observing ang studying how the crypto works because this is really a good investment. Once they discovered how they can create money from it, they will make law out of their study. It is really possible that there will be taxes from crypto. As of now, not all country is open in the idea of crypto but once majority of the countries are enjoying the use of crypto for sure others will follow. We are juat in the stage of introducibg the bitcoin where everyone is not yet open for changes.

This has been successful in many ways. bitcoin spread all over the world. Today, people are investing heavily here. bitcoin is a trustworthy coin. It is a high quality coin. This value is a lot high. As a country, bitcoin is invested for businesses in the country today. This brings about a high economic growth. Bitcoin brings a successful economic outlook

Bitcoin has an effect on the economy. If you have invested bitcoin, your economy will change in the future. Because bitcoin is a long-term investment.

the economy will increase in proportion to how we continue to explore the potential, bitcoin needs a lot of analysis to really benefit, unless you are indeed a rich person who only buys bitcoin for long-term assets, I am a person who is reactive to various potentials, the economy will be balanced along with developing trade decisions.

It will be money for later economic development is extremely. It is also doing its job well. However, the market is likely to rise or fall. Due to the fluctuations of other fields. So the electronic money market will remain stable and well maintained in the future.

I think bitcoin and the future economy will need each other and I think the world economy will need bitcoin to provide the best solution to create safe and comfortable transactions.

In my opinion, if 80% of the population uses electronic money, the government must amend and adjust the constitution to suit the economy of the country, which will put the tax on bitcoin trading. Because of that popularity, Bitcoin will soon become a growing currency on the market across the country.

of course at that time bitcoin will become very valuable. and the government must regulate it for the prosperity of the people. and tax is the ideal answer for all that.

    Bitcoin is growing for years, with faster adoption rates, growth of
Bitcoin will be faster too. Electronic money and crypto-currencies are
two different things. They are created, distributed and used in different
ways. I can say that crypto-currencies are world for itself, global economy
needs to advance and Bitcoin is the answer.
   Economy we know now will be changed in future. Crypto-currencies and
Blockchain platforms will reorganize everything. I can't wait to see that.

If that's the case, The government of every Country will make sure that their citizens will still pay their taxes in some way. I'm sure that they will find a way. if not, the Country's economy will be at risk if nobody is paying their taxes anymore.

Bitcoin and economy are two interlinked things. In some some countries its shows positive impact on their country economy and in some countries bitcoin put negative affect on their country economy. In central African countries use bitpesa instead of bank for money transaction etc. In those country bitcoin work with their government to solve their unemployment issues. But in some country like china Bangladesh etc it ban in their country because it affects their country economy by affecting their country currency.

maybe at a time. the country will issue a policy on bitcoin tax. because I am very sure that if there is no income for the country, then anything that will be considered illegal, so surely there will be a tax budget for people who have bitcoin.

Tax implementation on crypto assets for the public requires a long process and the state must authorize blockchain in the country to find out the people who put assets in crypto, now enforced Know your customers (kyc) in each crypto exchange. fraudand money laundering on cryptocurrency.

until the moment when 80% of people will use cryptocurrency, I think a compromise from governments will be invented , which will be able to combine the money of the state and modern blockchain technologies

Economy will accelerate the proportion to how we continue to explore the potential while bitcoin needs a lot of analysis to really benefit, unless you are indeed a rich person who only buys bitcoin for long-term assets, I am a person who is reactive to various potentials, the economy will be balanced along with developing trade decisions.

Government will illegallize cryptocurrency if they feel that their own economy is dropping due to the growth of cryptocurrency in their country, that is the reason why some area or countries are not using crypto.

bitcoin can improve the economy and economy making bitcoin increasingly popular in the world

The government has their own ways of studying bitcoin and they  know what they are doing, so we don't need to question them as they knows better what is good in our Economy, if they are seeing bitcoin nowadays as a threat then it is just normal as that is what the ecomomy reacts but for sure someday they will gonna consider this.

If you mean economy for people in the family and then yes, but if it meant for the country Bitcoin can't do that. Instead government on certain country thinks that Bitcoin should get banned because Bitcoin could make the economy becomes way worse than it should be like you probably know Bank and Bitcoin are two things that you can't combine and they are fighting each other until now.

Bitcoin can help poor economies, if the population somehow manages to earn "new" money, perhaps with the bounties.
But this is really small change, the figures that move are too small to influence the budget of a nation in any way.

Have a lot of people creat topic and said about this, but it is no sense, actually. Economy is economy, bitcoin is bitcoin, they still not have a lot of affect to economics.

if 80% of people in the world uses cryptocurrency,then those country’s will sure have economic growth..imagine how would the market react from that when most investos caming from the lower class,not from the elites

At that point it is quite likely that governments will try to ban bitcoin but by that time it will be too little too late and it will also be impossible to take the taxes by force so it is possible that a collapse of the government will follow since it will be unable to pay its obligations, we live in a moment in time in which governments are very powerful but with the arrival of bitcoin this will have to change.

Government dont put taxes on bitcoin but on goods. Value added taxes attached on goods and when people buying using bitcoin, government already get taxes from that transaction. Beside that, government can collect taxes from profits in exchanger

I think with the rapid technological advancement the government must be able to make policies on the world of cryptocurrency well because people who use crypto in crime will have a negative impact on the country and certainly the country is difficult to progress in the future.

The fact that you cannot print bitcoin at will is going to be enough to improve the economy, if you wonder why every time that you go to the supermarket everything seems to be slightly more expensive is because governments cannot stop printing fiat, so in an economy dominated by bitcoin we will have the opposite effect, the value of most things will get cheaper with time.

Bitcoin and economy have the same working and goal for the people make better their money, but many country still not understand how bitcoin can give more chance to their people could have working by investment at bitcoin.

But it’s not going to happen right? Yes its not. You don’t expect civil servants, doctors and engineers and other business men and women’ that has got better jobs to do to sit down and start mining Bitcoin… lol, quite funny. So you’re wrong, very wrong.

And by the way, sometimes and in some countries especially in the third world, paying tax ain’t worth when the government never does what they are supposed to do, and they never care about their citizens all they do is steal from the country.

if many people in every country continue to believes and used bitcoin their lives will be change even the economy of every country will accelerate or will more better it was due to many people are getting additional income from crypto currency, like what happen in me today, i do not declare all my income to lessen my tax since we can hide our income here in crypto world.

Taxes is a must, Even if the country has 100% of its citizens engage with cryptocurrency still we need to pay taxes. Taxes in cryptocurrency and taxes in government is different. Maybe it will lessen us for paying taxes. And also that's also the main reason why other government countries didn't accept bitcoin. Taxes are important. It helps the country's to provide goods and services for the benefit of their own people.

I think there will be more individuals utilizing bitcoin later on, so the administration will have a few measures, maybe first to assess the trade, and afterward impose your encoded cash satchel. Proper assessment is a critical piece of network advancement, just more nations bolster bitcoin to make the network quick improvement.

Taxes drawn by the government from citizens not only come from wealth of money, but from various things, ranging from land, buildings, vehicles, luxury goods, company assets, tourism, tobacco excise, and so on. So it is not a problem for the government, if the government does not know that its citizens have large assets in crypto, but if the government knows, there may be regulation of crypto taxes.

We still do not understand that bitcoin - like any other currency - does not create value, but simply measures it.
So, there will not be any help to the economy.

But what you are missing is that money last for a very long time, the dollar has existed for hundreds of years, and there are even currencies that are older than that, gold has been used as money for thousands of years, so even if something better came along that doesn't mean that bitcoin will disappear, bitcoin will still be here and will allow you to earn profits if you're smart about it.

maybe in the future bitcoin will dominate the world economic sector, but there will definitely be regulations that govern and bitcoiners cannot freely trade because they have to pay taxes from each transaction. However, the decentralization system will be difficult for the government to accept because it can disrupt economic stability.

but I think that bitcoin can grow a nation's economy, if the government wants to provide regulation for the use of bitcoin. with good regulation and good governance maybe bitcoin can reduce the level of poverty in a country.

Most of the countries declared Bitcoin is legal which mean people who lives in these Bitcoin countries are oblige to pay taxes according to their regulation policies thefore expect that their economy will become strong because of the tax collections. But if Bitcoin is not legal but not ban still expect economy will boost as Bitcoin is just for investment only to earn more fiat making the purchasing power of the people to become strong which is a big help to their economy too.

Selamat ini bitcoin masih belum ada titik temunya sama pemerintah Indonesia makanya yg di katakan wajib pajak itu terabaikan semua bukan salah kita.mungkin banyak yg bertanya bagaimana cara menghitung nya agar kita bisa membayar pajak.

The cryptocurrency market, being one of the hottest trade and investment market these days, running behind the real estate and stock market has a very big potential.

Surely the government will think of taxing the income of every citizen. Because if there are too many people entering the Crypto market in a country, human resources will be greatly reduced and will greatly affect the country.

tax is only a part of which a country runs, it does not mean that all their earnings and funds comes from tax paid by the people, not all people are paying tax, like the unemployed, the minor aged and senior citizen, even all people do crypto, it will not affect the development projects of a country, in fact, in can help the economy because bitcoin creates jobs for the poor and unemployed, it creates services that paid in crypto, it attracts foreign currencies when converted to dollars. possessing virtual wallet with huge bitcoin funds are not taxed but when a crypto user wanted to convert into fiats, it has fees which i think part of that fee are including taxes hidden as service fees.

Bitcoin is being used as a digital currency in many countries. As a result, the economy of the country is connected with Bitcoin. Bitcoin will occupy an important place in the financial sector with the increasing use of Bitcoin.

actually, when it arrived, where almost all people used crypto, it would not make the government lose, even though there was no income from taxes, but I was sure that the income of the people would increase so that the purchasing power would increase, if that happened then the economy would progress and the inflation rate will drop, the government will definitely find a point or gap where they can earn income, because I believe cripto cannot progress by walking alone without government interference

It's easy, the government will find ways to tax citizens. Because the income from the Crypto market is huge. I was a student but I was able to earn over $ 6k in 7 months. The government will know this soon and there will be taxation.

in my personal opinion, a country where 80% of its citizens are involved with crypto.
it will improve the country's economy.

in my opinion the appropriate tax is an important part of community development, only more countries are supporting bitcoin to make a rapid development of the community.
I think there will be more people using bitcoin in the future, so the government will have a few steps, maybe first to exchange taxes, and then tax your encrypted money wallet.

Bitcoin has little relationship with the economy: buying and selling in one currency rather than another does not change the nature of the trade.
Bitcoin has much more relationship with politics: if it manages to undermine the old centers of power, there will be many surprises. :)

Not paying taxes by 80% of the country's population would lead to a catastrophe in all spheres of life.
There would be no new roads, schools, public areas, transport, etc. Both urban and rural infrastructure will be gradually destroying and there will be chaos in the streets because of lack of money to pay to police and other law enforcement bodies.
I just wonder is that really the price people wanna pay for the unlimited use of cryptocurrencies?

I think if bitcoin users don't pay taxes directly, they will pay it indirectly. More than the government can accept bitcoin completely and impose taxes on users even if bitcoin is decentralized.
Talking about tax involves a very broad discussion. there are two types of taxes, direct taxes and indirect taxes,

Bitcoin is the number one coin in cryptocurrency and bitcoin is very helpful for the economy of people in this world, especially those who use bitcoin.

Bitcoin and crypto money exchanges are affected by the world economy. but they are not completely connected to each other. crypto money is more like a parallel universe.

it has been proven that indeed bitcoin is the first coin and has provided an aid in the economy of each country, we do not need to doubt the advantages of this one bitcoin. because it's true.

 That is true as there are certain bills like electricity and water that can be taxed, also consumables or goods can be also has tax like groceries and gas so your paying the tax indirectly. Yes it might affect some the government if people starts to not declare their taxes but remember that they can move the taxes in different things to compensate for the loss.

cryptocurrency is a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value. It does not have legal tender status in any jurisdiction. cryptocurrency that has an equivalent value in real currency,  Paying the tax man is relatively new for an industry built on anonymity and avoiding government control. For this filing season, many investors who have been trading for years will “come out of the woodwork” and disclose crypto on their returns for the first time.

You're not going to get anywhere if you're trying to avoid paying taxes by transacting in bitcoin. The fiat exchange points are increasingly coming under scrutiny and the government we eventually be able to compel these companies to turn over transaction records. Anyone caught evading taxes is going to have back taxes, penalties, and possibly jail time to answer for. In the US, tax evasion has no statute of limitations, so the government can wait you out until they can eventually get the records. They're not going to go away, and it's just not worth the risk of the penalties you'll face when they eventually catch up to you.

That potential transcends to so many positive and ground-breaking changes in the market that it helps many local and global economies alike have a better business. The transactions that control the flow of money in the market, and basically helps it gain more circulation helps not only individuals but start-up business to gain more momentum that helps locals business to grow and expand.

Taxes are necessary, but compared to other times in history you will see that the taxes that we're paying are simply too high, in the past most governments charged very low taxes and they mantained themselves with lotteries and stuff like that, so we are at a very important point in the history, are we going to follow this new system where we are charged huge amount of taxes or are we going to follow the old system with very low taxes and a smaller government?

People will still keep paying taxes even we pay with cryptocurrency because every goods we buy already attached taxes. We pay taxes because we need government service and i think its obligation from every citizen paying taxes

All calculations are easy to do through it, but it is completely under control. The bitcoin economy is not developing now and therefore the government is quietly watching the life of the cryptocurrency. As soon as the first signs of the crypto-currency economy appear, we will see the activity of the state to counteract.

Bitcoin and the economy are tied together. To a certain extent, Bitcoin is in economics. That is also the pressure for financial investors.

I just believe that economy will improve in ones Country if they will adopt Bitcoin and other digital coins for their market. It will rise demands and people will invest more.

maybe in the future this bitoin and the economy in this world will really need bitcoin as one to make transactions and provide very strong security and convenience when making transactions.

If such a thing does happen the government will find a way to solve this problem. But the truth is that it’s never going to happen. And by the way, most of us that are into Bitcoin (Crypto business) are not bunch of lazy human beings, we have side jobs that we are doing and we do pay out tax from there.

So telling us to also pay tax for using Bitcoin is never going to happen. Bitcoin isn’t meant to be that way. Unless maybe you’re jobless and Bitcoin is your only source of income.

As Bitcoin value to grow, it is still too impractical to become the basis of the world economy. Bitcoin does not operate like a currency. Bitcoin transactions require access to an increasingly growing list of transactions called the “blockchain.” And this system does not scale to meet the needs of any fast-paced modern economy. Digital currency systems like bitcoin may have a place in the future economy, but bitcoin itself will not control the world economy.

It's no secret that the state does not need a decentralized crypto currency. In most cases, it is legalized under the pressure of the people. If the citizens after that do not pay tax on profits from the crypto currency, the state with great pleasure uses this fact as a basis for prohibiting the circulation of the crypto currency. Therefore, here we need to choose: if we want to continue to use crypto currency, we need to pay taxes.

Bitcoin goes a long way to affect the economy positively.Imagine when people in the economy have some bitcoin in their possession and the government starts deducting tasks from every transactions being made, the economy tends to grow faster than you can think off.

Nothing to worry. When 80% people of a country will use cryptocurrency then their government must create a system that people will use it in a systemic way and will give governments all kinds of taxes. When people will take benefit from it they will give it so easily because all people in a country are not corrupted and those who corrupted they don't care now and then.

If ever such thing occurs, the economy of that country will definitely be affected since taxes covers a huge contribution to the country's economy. In a larger scale, if cryptocurrency gets legalized all over the world and almost half of the earth's population is using it, we can tell that there will be a lot of changes in the world's economy.

They will regulate it in order to put a tax in any bitcoin-related business or transaction. It is a process which will take a few years. I think, they firstly tax the exchange and encrypted money. They may take some other measures like indirect taxing. Thus, cruptocurrency users don't pay tax directly “but indirectly”. Because everything we purchase has a tax. We can’t find a short circuit and pay it no matter where money comes from.

It would be a mistake to believe that popular public phenomena will not be attacked by the state. Numerous examples are known that disprove this assumption: bans on alcohol, drugs, gambling, firearms, as well as tax restrictions, restrictions on freedom of movement, freedom of speech, business, etc. A more relevant example, of which we are all witnesses is the progressive depreciation of the currency.

Yeah it will be the compulsion for all the governments to legalize biotin because when the whole world realizes the importance and benefits of bitcoin they will withdraw their money from bank accounts and will invest in bitcoin. They governments all over the world will also think about it and will legalize it and impose tax on the profit and transaction.

This is a big truth of the tax system in world , because there are many countries who are dependent over the business world , where they addicted to develop things not to produce like food items or agriculture , they are totally dependent to produce industrial products , they Thier country and governments are always remain active with only tax income ( here Saudia Arab is common example ) .
And here Japan is also in this category , where the government allowed people to use cryptocurrency with high tax ( about 23%+ ) .
And I think another countries will follow Japan , because Japan is a successful country and another will try to became developed by follow them , and in that way they will try to allow use of cryptocurrency with high tax return  with the hope that economy of the country will increase with the more and more tax like another countries .
Hope happen the same because without cryptocurrency we can't live our life easily and also we lost.much time in cryptocurrency since long time and if they will not allow then it will be very tedious for us to enter in another field to make earnings .

Yeah you are right but one thing is very serious about cryptocurrency investment. When people withdraw their money and put in bitcoin or Altcoin, government will have to think seriously about it. Due to huge withdrawal from the local banks the economy will be definitely affected. Economy of a country affected negatively when people send their money to another country.