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

[grumpylittlepoodle]

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.

they already know, although they don't actually paid attention some media reporters claimed that bitcoin was a scam with I just shove of my shoulders because I know the truth.

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[bitbunnny]

I live in one of european countries but Bitcoin is not regulated in an way. Government is aware that people are using it, more and more with time, but currently is doing nothing about it. Central bank has issues several warning that Bitcoin investment might be risky but that was all and they are also not showing any intentions to regulate Bitcoin or other cryptocurrencies soon. Whether is that good or bad we will see in the near future.
I think they are waiting some kind od unique regulation on the EU teritory and then they will react accordingly.

[cybersofts]

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.

Not every country in the world doesn't understand bitcoin, please.
My country knows about bitcoin and everybody is happy about it including greedy politicians.
Bitcoin is not a weapon like gun or something that will get you are arrested for using it - it is only a digital currency.

[hahay]

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'm sure governments in every country already know about bitcoin, they just can not make a decision yet or make the right laws about bitcoin. So I guess you do not have to worry about it, while bitcoin is still free to use in your country, you should take advantage of this moment before the government in your country ban bitcoin. Moreover, there is no good reason to ban bitcoin, bitcoin is very helpful in terms of finance, so I think that includes improving the economy in poor countries that are lacking in terms of providing employment.

[Rinsend]

That's not really possible to keep track of the users as well to make the people stop the usage of bitcoin. These days governments too have the plans of making use of bitcoin, than abolishing it. Because people tend to use it one or the other way, so that it's not possible to abolish it. Expect more countries to get into bitcoin usage and make it grow higher same as that happened when Japan entered the community.

if a country can maximize the presence of bitcoin.
maybe the state officials will be able to prosper the country.
in all forms of poverty and unemployment.
but I am a bit strange with the state that deny the existence of the bitcoin financial system.
but bitcoin will be able to solve all the problems that are being experienced by the country

[usorin]

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.

Bitcoin represents opportunity and the theme is more and more present in the media, so slowly the wheels of public trust are moving. Every Government will profit if they have the opportunity, in a legal manner, to gain benefits on cryptocurrency.

[pitiflin]

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.

No,it is nothing like that. Governments don't care about bitcoin ,all they care about is that their people shouldn't be scammed and people should pay appropriate tax on whatever they earn. If this is not taken care by people voluntarily in a country then the government will have to force a situation and make some new rules and regualtions just for the sake of their own people.

[jimn]

Bitcoin is not regulated or legalized in my country, it is not supported as payment method offline here. But government know about it and allowing people to deal with it , because it is helping so many unemployed people, and giving them a source of income.

[Qunetick]

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.

Actually, we are not sure if what will happen if ever the government will know about bitcoin. But I read some articles related to bitcoin and it is stated that the government in my country are open and willing to accept bitcoin but they are not yet confirming if when they will really allow bitcoin to become part of currency in our country. Because they will still conduct an investigation about this if it will not harm the economic growth in the country because if they will find it as a threat to the economic growth, I'm pretty sure they will not allow bitcoin to be part of the means of payment.

[ceferov]

Maybe you are right. Governments need centralized coins not decentralized.

[rrtg]

Nothing is wrong if they know it because this one of the poverty solution. Here in my country Phils.they know about but no feedback from our government.

[SvenBomvolen]

some countries actually ban bitcoins just like in china and in ruusia because they see bitcoin as a great problem that might have affect thier company because as we see bitcoin is already dominating all over the globe ...

I will correct you, Russia and China didn't ban Bitcoin. China banned ICO and closed exchangers activity. Russia is only planning to follow the same methods, but they announced the necessary moves are going to be done only the next year, so for now Russia stay free zone for Bitcoin and all altcoins.
And I doubt those countries see danger in Bitcoin and it's domination, they only try to control it to make it work on them.

[loopes]

The government already knew about existence of bitcoin and its controversial but the government have not care about that so much. Bitcoin affects still not spread into internal economical significantly.

[Noilee]

I think the government will know already about bitcoin because its already regulated in my country,  because the government sees it that bitcoin is a big thing to every people, and its a opportunity to the people because it give a chance to earn and invest and it can solve problem of my country due to poverty and unemployed people. I think the government will fully legalize bitcoin in my country because it can help lot of people and to the transactions.

[CoinsCoinsEverywhere]

With a few exceptions (like probably China and maybe Venezuela and Russia), I don't think that most governments see bitcoin as a threat to their power.  Where they do try to regulate it, I think they're more concerned about the potential for abuse (e.g., fraud, money laundering, etc.), as well as scams (e.g., a lot of ICOs).

[chichigirl]

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 think, It depend on the government's perspective or point of view toward bitcoin. If they find it good, then good news for us, if not, let's face the reality.

[wantjokull]

The whole world knows about the bitcoin and so as to each and every government knows what bitcoin is, this is in reference to your title.


Well, it depends country to country and how their government think about the bitcoin. Some countries might find good use of it in the near future but some of them may not so they will just ban it. While on the other hands there might be complete private organisation that may arise and work with government  to implement the bitcoin and other crypto currencies to fro developing the economy of country through it.


There are still big countries whoa re having pending decision on how to really regulate the bitcoin or let it work the way it is working at the movement. (Which won’t last long).

[zulkarnaen]

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 don't think all countries ban bitcoin depends on their respective government policies, as some countries have successfully adopted bitcoin and legalized it. And certainly in the future we expect bitcoin legalization will continue to increase in various countries. Because support from the government is able to give high confidence to bitcoin for all parties and comfort to bitcoin users in that country.

[jamids]

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.

The government in our country knew about bitcoin and even major media outlets are talking about it. They didn't make bitcoin illegal but instead warn the people to always be careful in our money because it is not regulated so they cannot protect the people in case of issues. Many are still thinking it is scam but there are also some who are making bitcoin their main source of income because earnings in bitcoin are higher than working offline for some people who earn the minimum amount of salary and the recent surge of bitcoin price proves this making some earn double than their previous jobs.

[Sled]

If the government know in my country then they will doubt it for the first few times for sure because they will find out something that will give them doubt like fast growth, anonymity and so on and so forth so i think that the government will do research for it at first because they want to learn what it is and if it is a bad thing then they will immediately ban it for sure.