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

[Jupeter]

If the goverment is we will know bitcoin in my country, the goverment is will surely accept bitcoin, because bitcoin is very great, definitely for all those people who doesnt have work or umeployed in my country, and i think bitcoin is we will be more good and many people in my country will surely try to use bitcoin.

[jakoylantern]

For me, the government knows bitcoin in our country, but they don’t really take it very dilemma because the currency or real money is still more usable. I’m sure that they will make some action about it but not too rapidly. There are still more problem and issue that our country will resolve first. But I’m hoping that they will not ban bitcoin like in other countries.

[AjithBtc]

As the price had increased much high in a very small time period, suddenly in my country government has been working seriously to regulate bitcoin. Maybe this could affect the user network to some extent, because in my country already the economists were not that good in analyzing the goodness of digital currency.

[sp01_cardo]

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 in some countries is illegal and in some it is not. In our country it is legal but even if our government accepts bitcoin, they dont tolerate people to join and they also warned all people not to invest in bitcoin because they said that it is only a scam.

[Liquidathor22]

Actually my government knows bitcoin they just don't care about it as long as it will not make an economic crisis to our country, I think.

[Crafts12]

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 knows about the idea of bitcoin in their country, two things might happen. It is either the government will ban it in their place or legalize it. There are already some countries in the world that ban and legalize bitcoin in their place.

[Liquidathor22]

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 knows about the idea of bitcoin in their country, two things might happen. It is either the government will ban it in their place or legalize it. There are already some countries in the world that ban and legalize bitcoin in their place.

I think the government already knows bitcoin, but still don't consider it as a treat to them. Some countries think it as a way to decrease value to their currency that's why they banned it.

[Sweeet123]

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.

Government will try to control the amount of bitcoins that can be stored per person,probably they might impose taxes on bitcoins

[BTCMILLIONAIRE]

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.

Government will try to control the amount of bitcoins that can be stored per person,probably they might impose taxes on bitcoins

Except that they can't do that. They can only control some of the fiat gateways, and only to some extent. Taxes on Bitcoin already exist, but they can not be enforced for the first time in human history.

[kolbalish]

In my country, government already knew about Bitcoin and didn't legalize this as a currency. But I still can't know why government didn't legalize this.

[MoneyMotivatesMe]

They already know about it and they are warning us and treating is a very risky investment which is true but they  did not mention it's benefits and its technology.

[Singwala]

In fact, our country's government knows bitcoins. And this is their approval for our transactions. It is legal to us. But we have policies that we must follow as well as our cash balance states set on bitcoins. To be more legitimate and not to be charged with money laundering

[Xanxus024]

So far in my country bitcoin are not yet legal and not yet ban but the government are planning to make a bill about bitcoin,when i watch a news government want make a list of bitcoin holder so as a bitcoin holder you must declare bitcoin as an asset and I'm sure this kind of move by the government they want to put a tax in bitcoin and I'm worried because it may lead to corruption.

[Bitcoincole]

So far in my country bitcoin are not yet legal and not yet ban but the government are planning to make a bill about bitcoin,when i watch a news government want make a list of bitcoin holder so as a bitcoin holder you must declare bitcoin as an asset and I'm sure this kind of move by the government they want to put a tax in bitcoin and I'm worried because it may lead to corruption.

Well, in the case of my country, the government and national bank authority and agencies recognized the bitcoin or the digital currency as another source of foreign money. Good thing of the President and the cabinet, they never strick this kind of jobs having thinking the goodness to the people it brings.

[Gabrieelle]

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 in some countries is illegal and in some it is not. In our country it is legal but even if our government accepts bitcoin, they dont tolerate people to join and they also warned all people not to invest in bitcoin because they said that it is only a scam.

Most of the government in some countries tells their people that bitcoin is a scam to discourage them from using it, some of them call it a bubble ready to burst. For people who don't have any knowledge about bitcoin it will be easy for them to believe this accusations from the government but for those who understands bitcoin they know the benefits they're getting from it.

[Activitycoin]

In my country is very open to new things, Bitcoin is no exception. The use of Bitcoin has been recognized in my country even though the government has not yet legalized it. Although Bitcoin is not legal yet, Bitcoin users in my country are very high.

Bitcoin can’t be hide in any country because bitcoin is a digital currency and its available on internet so I think every sing country know about bitcoin and they know very well that its people are using bitcoin and in my country bitcoin have almost seven years and now our country realized to make bitcoin legal because they know how bitcoin is important form them bitcoin reduced unemployment in my country and now it’s very easy for my country to make it legal because bitcoin is good for my country.

[yndye]

Our government know about bitcoin but do not have regulations implemented yet but they are thinking of regulating it according to some news circulating in our country today. They already grant a license to a local exchange though in buying and selling bitcoin so we can freely buy and sell the coin using our fiat money but it is exclusive for bitcoin and I am hoping they will add other coins as well like Ethereum and Litecoin because transaction fee in bitcoin is high compared to other two.

[Noilee]

In my country, The government know already bitcoin and they already legalized since a years ago. Because they see bitcoin is a big help to the people most especially to the unemployed people, so they legalized bitcoin so that most people have an opportunity to earn extra income and for their needs. They consider that bitcoin is a great opportunity that come to our country. They support bitcoin, just for the people in my country.

[doomloop]

As the price had increased much high in a very small time period, suddenly in my country government has been working seriously to regulate bitcoin. Maybe this could affect the user network to some extent, because in my country already the economists were not that good in analyzing the goodness of digital currency.

Wow what an amazing news it is because now if government will take interest in bitcoin it means bitcoin is going to have bright future and secure present but if you are not sure about bitcoin that weather government will accept bitcoin or not then just wait for it and till then you should not sell your bitcoin and hold it tight so for sure it will be a great thing for bitcoin users.

[VeverkaT]

Back in 1945 there were very interesting Nazi laws.
For example, if you were Jew, you should be killed.
Laws can be stupid. Any law banning bitcoin is simply stupid.
We need smart laws, laws for people, not for politicians.