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Author Topic: Bitcoin and how it is in different countires  (Read 13003 times)
rickbig41
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October 24, 2016, 01:41:49 AM
 #121

In my country people happily adopt bitcoin when they learn about it especially when they come to know that the value of this currency increases faster they invest their money and hold them for longer and they also like to earn bitcoins online.

That's the common thing that is happening right now, they are flocking to bitcoin, some of them don't even have a knowledge how it works as long as they see that they could earn money... Maybe that's one that's driving some people to earn bitcoin, poverty...  Smiley

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October 24, 2016, 02:21:23 AM
 #122

in my country bitcoin is not yet regulated. but you can use it as payment processor, no tax becasue not yet regulated.
in other place of my country, some tourism use bitcoin to pay anything, and more merchands avaible, but the volume transaction is still small.
my dream in future the goverment will make a public regulation to bitcoin.

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October 24, 2016, 06:20:54 AM
 #123

in my country bitcoin is not yet regulated. but you can use it as payment processor, no tax becasue not yet regulated.
in other place of my country, some tourism use bitcoin to pay anything, and more merchands avaible, but the volume transaction is still small.
my dream in future the goverment will make a public regulation to bitcoin.

Wow, atleast there is an improvement, look at that, there are already merchants that accept bitcoin in where you live. Sooner or later there will be a widespread about it and some store might start accepting bitcoin too, never mind the government not regulating bitcoin, coz they won't care since they don't have a share on bitcoin.  Cheesy

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October 24, 2016, 07:49:18 AM
 #124

Many governments simply do not know what to do with Bitcoins. On the one hand, this new breakthrough technology, it is very convenient, reduces transaction costs, on the other hand the fear that these technologies will begin to use the criminals. But this is almost the same as to prohibit use of cash.

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October 27, 2016, 06:54:14 PM
 #125

Of course it is sad. And I can't understand why is that so. Is it because btc is used often to buy drugs and weapon? But USD is used for it as well. Should we ban it as well? In my country it is just not in the law. Bitcoin is neither illegal nor legal. I am honestly not sure my government knows about such a thing at all.

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October 29, 2016, 05:14:33 PM
 #126

Many of these countries are not showing that negativity against BTC, China and Russia, The biggest countries taking negative responses to BTC have shown much improvement in their response and attitude to it, These countries are going to allow bitcoin again in the future.
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October 30, 2016, 06:29:04 PM
 #127

Of course it is sad. And I can't understand why is that so. Is it because btc is used often to buy drugs and weapon? But USD is used for it as well. Should we ban it as well? In my country it is just not in the law. Bitcoin is neither illegal nor legal. I am honestly not sure my government knows about such a thing at all.
yes in most of the countries still there is no clear statement about bitcoin that either it is legal or illegal. and that is the reason that people are still using it for different activities. as some people use it as investment while other use it as fiat currency. some people also use it for transaction purpose.

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October 30, 2016, 06:38:10 PM
 #128

The major reason why I know government will ban Bitcoin will be largely due to their inability to control it and due to the majority of people using it who might not be in the good book of government couple with government not having enough resources to commit for such research to really understand it so they believe its better to ban it all together... Over here government has not even made a definite statement on it which is due largely to the number of people using and I think majorly because they have more mundane things to do rather than focusing on Bitcoin...

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