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Author Topic: What will happen if the government know bitcoin in your country?  (Read 4293 times)
charlotte04
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April 19, 2018, 04:07:29 PM
 #601

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.

Our government here in the Philippines had already found out about crypto currencies, and they alreay signed something to allow it.

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April 19, 2018, 04:09:41 PM
 #602

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.

People will complain about banning of cryptocurrency because most of them already invest a huge amount in bitcoins and they did not place their money on banks since cryptocurrency is more profitable more than fiat.

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April 19, 2018, 07:46:30 PM
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I have no idea. I will not be going to use it because what is the need to take risk? Better to have precaution
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April 20, 2018, 08:43:13 AM
 #604

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.

My country is already aware of bitcoin. As a matter of fact, there is a lot of news about it. The first news that flash was they explain what bitcoin is, the mechanics, and how it can help us. Thay also held a seminar regarding this eith some bitcoin expert. The government of us is studying the bitcoin right now whether to embrace it or not because of there were also a bad and negative news about bitcoin. Bit I guess they are planning to ban it due to the reports of people who were involve here that was scammed by others.

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April 20, 2018, 08:52:53 AM
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actually, the government has learned about bitcoin in my country. but, I think they have not been too focused on this. well, there may be other bigger things to watch out for. I am sure, the government will support this performance.

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April 20, 2018, 08:57:28 AM
 #606

Not prohibit but regulate to better maintain the security of the people while maintaining economic stability in a country because every rule made must have a good idea and as ordinary people we can only comply with all existing regulations.
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April 20, 2018, 09:05:07 AM
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 #607

Using bitcoin as a point of sale transaction token in Bali (Indonesia) is illegal, as per regulatory action taken by policymakers in the region back in December 2017. Shortly after the regulatory action was put in place, however, police on the island went undercover to investigate reports of businesses still accepting bitcoin as a payment method.

The results of this undercover operation led to only two businesses being uncovered as still accepting bitcoin, with a further 44 (with operations ranging from car rental to jewelry and more) having just recently stopped.
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April 21, 2018, 10:04:36 AM
 #608

There are two things that may happen if the government in you country knows about bitcoin. The government will either ban it or legalize it. There are already some countries in the world that ban bitcoin in their place.
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