What will happen if the government know bitcoin in your country?

[cheann20]

I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.

Most of the governments are well aware of Bitcoin and its impact on economy but all major decisions require patience and time to take, in my country the government was so busy to make our country the most safe and beutiful, and they i think they dont know about bitcoin

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[bakunawaaa]

Are you sure they will ban it? Dont think they can unless they ban the actual crypto exchange websites. They cannot per se ban the use and ownership of btc since for them to do this must mean they have absolute control over the internet which i highly doubt since the US itself doesnt have full control over the internet. If a country is to ban it id say ot would start with the US.

[DPrillio]

I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.

I dont think that government do not know that bitcoins exist and is been using in our country, I know they know that because we have a banknthat accept bitcoins in exchange to money and we can easy withdraw our bitcoins in a real cash using that atm machine that banks have. And even though the government knows about thus I do not think that they will banned it because a lot of unemployed people are going full time in this which makes then incapable on doing some bad thing because this would be much easier to do than to steal money and much profitable than it.

bitcoin in our country is not a hidden agenda anymore, in fact TV show has already aired about bitcoin with their negative comments and i think our country have more serious problem that they first need to address than focusing on bitcoin and i think they will understand that bitcoin has more positive effect that brought to every people in our society, since because of bitcoin a lot of people are improving financial status and the government should be happy of that as long as we are not using it for wrong activity.

[phutakami]

I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.

In my country the government has known bitcoin and as you say the law has banned it. This is what really made me feel depressed when I tried to use it. I could face the law.

[Majharul Saiif]

In many countries, bitcoin can't allow to use.Probably government think that the economic side is slow down for it.Actually, it isn't true.Bitcoin is a profitable business. Here's people work hard and invest on it.On the other hand,my govt is not sincere to use this in our county. It is very disappointed and dissatisfaction for me.If the government know bitcoin in any country what will happen it depends on this country's government.

[justspare]

I doubt that the government can do anything significant to bitcoin if they know about its existence. The government controls everything in their countries, but they can never control bitcoin because it is decentralized, anonymous. Using bitcoin will give you the chance to hide all of your information from the government

Exactly! There is no one in this world who can directly affect bitcoin. It is because of the reason that bitcoin is decentralized in nature which makes it independent form all the rules and regulations. In simple words, there is no one in this world who can directly control bitcoin one way or the other may it be government or someone else. Government can hardly have any influence on bitcoin.

[diegz]

That's not true. Why would they ban bitcoin for the reason that they don't own it? I think that's bonkers. Where would those Bitcoin earners would use their earnings? for sure still in their country.

But for sure, countries would always do a measure for Bitcoin users so that they can't get away with their tax. Regulations will always be good instead of banning Bitcoin in a certain country.

[Eureka_07]

I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.

In my country, I think the government already knows what bitcoin is and I think most of them invest in bitcoin secretly. As of now, bitcoin is not yet been discussed in the goverment because of some major problem in the Philippines that need to be resolved but I think bitcoin would be approved in our country because it can make the life of individuals easier.

[davinchi]

I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.

i guess my government is already know bitcoin although they don't give any statement about accepting bitcoin or not but i think for now, my government will let people to use bitcoin for their own purpose. beside that, i think my government know that bitcoin can help their people to make money and with bitcoin, my people can have an additional income and if they still doing something with bitcoin, then my people can solve their financial to better than before.

Yes same is happening in my country the bitcoin is not accepted nor rejected by the people who are using the bitcoin, I hope the bitcoin can give us the bright future I know the bitcoin will increase more and this is the reason why all the people hold the bitcoin and wait till the price and the value of the bitcoin will be more than the double now I am very sure the bitcoin will make the whole world grow and the bitcoin price will be high with the high and the continuous increase as well.

[iv4n]

I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.

i guess my government is already know bitcoin although they don't give any statement about accepting bitcoin or not but i think for now, my government will let people to use bitcoin for their own purpose. beside that, i think my government know that bitcoin can help their people to make money and with bitcoin, my people can have an additional income and if they still doing something with bitcoin, then my people can solve their financial to better than before.

Yes same is happening in my country the bitcoin is not accepted nor rejected by the people who are using the bitcoin, I hope the bitcoin can give us the bright future I know the bitcoin will increase more and this is the reason why all the people hold the bitcoin and wait till the price and the value of the bitcoin will be more than the double now I am very sure the bitcoin will make the whole world grow and the bitcoin price will be high with the high and the continuous increase as well.

They will ban bitcoin if they don't have knowledge how to regulate it and make use of it. Controlling bitcoins is possible but it require some technical expertise, today some governments are so stupid and instead to understand bitcoin and make environment that will be beneficial for everyone they are banning it.
Idiots are everywhere and politicians are on the top of that list, if they ban bitcoin in my country I will find a way to use bitcoins. I will use VPN and for every transaction I will use bitcoin mixers. There is a way to avoid their regulations and I will find all ways, and continue to use bitcoins, acab!

[evilgreed]

I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.

i guess my government is already know bitcoin although they don't give any statement about accepting bitcoin or not but i think for now, my government will let people to use bitcoin for their own purpose. beside that, i think my government know that bitcoin can help their people to make money and with bitcoin, my people can have an additional income and if they still doing something with bitcoin, then my people can solve their financial to better than before.

Yes same is happening in my country the bitcoin is not accepted nor rejected by the people who are using the bitcoin, I hope the bitcoin can give us the bright future I know the bitcoin will increase more and this is the reason why all the people hold the bitcoin and wait till the price and the value of the bitcoin will be more than the double now I am very sure the bitcoin will make the whole world grow and the bitcoin price will be high with the high and the continuous increase as well.

They will ban bitcoin if they don't have knowledge how to regulate it and make use of it. Controlling bitcoins is possible but it require some technical expertise, today some governments are so stupid and instead to understand bitcoin and make environment that will be beneficial for everyone they are banning it.
Idiots are everywhere and politicians are on the top of that list, if they ban bitcoin in my country I will find a way to use bitcoins. I will use VPN and for every transaction I will use bitcoin mixers. There is a way to avoid their regulations and I will find all ways, and continue to use bitcoins, acab!

              As much as i agree with your initial response. Well considering using VPN some other countries consider that thing illegal, but its not to brag about those kind of matters the main point is that if bitcoin will be banned, and then you are using VPN although bitcoin was banned, should that also be illegal? Well think about it, you are violating the law, but I do think also that it is helpful, it doesn't mean it was banned in your country it will be banned totally by the rest of the countries right?

[monkeykiss21]

I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.

For me, here in my country..i think the government are they know already about bitcoin. But they don't want to establish on tv.,they don't want publishing about it,.because they don't want to believe about bitcoin. They ignored about of what can gives you help from bitcoin. But for me I think it is better to..not all people are joining here in bitcoin. Coz' we need to be careful of the scammer and the hacker.

[mOgliE]

Hi!

I guess it depends on the country... In France, for example they have acknowledged the bitcoin as an "alternative for payment". Still, the law ignores the existence of crypto-currencies as know how to deal with them.

I think this is actually the issue in many countries. Bitcoin exists, t is a fact. But for most governments changes n law require time and cannot adapt to this fast-pace changing kind of money. For the moment, it is still hard to determine if posts on Facebook can be used during trials... So we are veryyyy far from regulating bitcoin use! 

[Deathgamer]

If the government in my country which is the philippines knows bitcoin I believe they will take actions to hold or control it.They will add taxes or anything that can give income so the value of bitcoin will drop because of the influence of government,Its better to keep bitcoin as is because bitcoin help alot of people when it comes to financial.

[PrinceCaspian]

If bitcoin will be known in my country and it will be a great advantage because the government of our country will declare it as a legal cryptocurrency but they will set some regulation for sure because they will think for the security of using it first and not the profit that they can get.

[Nasty23]

If the government in my country which is the philippines knows bitcoin I believe they will take actions to hold or control it.They will add taxes or anything that can give income so the value of bitcoin will drop because of the influence of government,Its better to keep bitcoin as is because bitcoin help alot of people when it comes to financial.

Yes bitcoin help many people when it comes to financial problems but the government is always there for regulations because they want their citizen to be safe and avoided from the illegal activities that may happen by the use of bitcoin.

[stephanirain]

I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.

If the government know bitcoin in my country, i think they would want to add tax so the government will have shares from the income that we get in bitcoin.  But i hope it will not happen in our country because the profit that i have will be lessen if the government add taxes.

[zergenyt09]

I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.

Any government who thinks about banning bitcoin or any crypto currency fear about money laundering and terrorist funding and that is what they will be focusing to tell if they want to ban them. I am not sure how these cryptocurrency is aiding you financially unless you are holding a good number of coins.

These may be reasons but the primary reason that I think is, it is just their dream to control bitcoin. Every government wants to control the money circulation in their country but as bitcoin is decentralized so it would never be under control of any one so the governments are accepting it as legal currency only for this reason. Human trafficking, drug dealing and terrorist activities, these are just lame imitations.

[Daimon88]

In the country where I live the government already knows about bitcoin, but the government hasn't really understood or knowing more about bitcoin and blochckhain's technology with deeply, I think the government is still in the process of learning deeper to knowing it. Until now, the government hasn't been able to legalize bitcoin as a method of payment (approved's currency) because it's still worried about the risks can be affected on the country, especially the country's economy system (banking).

Many governments are afraid of their economy and banking system and they should be worried because if the people of that country started using bitcoin, then no one will go to banks to transfer money or to keep their money in their account, which cause taxes and other bank charges, while bitcoin is giving facilities to the people and is doing all these free of coast and very easily

[Fulmand]

In the country where I live the government already knows about bitcoin, but the government hasn't really understood or knowing more about bitcoin and blochckhain's technology with deeply, I think the government is still in the process of learning deeper to knowing it. Until now, the government hasn't been able to legalize bitcoin as a method of payment (approved's currency) because it's still worried about the risks can be affected on the country, especially the country's economy system (banking).

Many governments are afraid of their economy and banking system and they should be worried because if the people of that country started using bitcoin, then no one will go to banks to transfer money or to keep their money in their account, which cause taxes and other bank charges, while bitcoin is giving facilities to the people and is doing all these free of coast and very easily

It was fully supported by the government the bitcoin in my country because they found out how greatly help towards the state. In eliminating the number one problem facing to the country the unemployment and poverty. With this forum bitcoin and the banking system in my country agreed the terms and condition allowing bitcoin currency as a mode of payment through coin.ph. This procedure of payment helps to stabilized the easy way and the fast accepted transaction. As bitcoin continue its popularity not only in Asia, the government in many countries like Japan will follow same procedure as a secondary money in their country.