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Author Topic: What will happen if the government know bitcoin in your country?  (Read 4581 times)
btcminer6212
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December 31, 2017, 04:23:13 PM
 #421

in different countries there are rules that prohibit and there is no reason may be prohibited for fear of competing with the state currency but the fact is not.
Being a citizen of a developing country there is a restriction of cryptocurrency in my county. Not as such restriction but our government doesn't support it. the government and banks already know about bitcoin and they are very afraid of bitcoin due to the transparent bitcoin technology and make the governments fear if they use it for corruption it will be seen.
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December 31, 2017, 04:39:30 PM
 #422

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, Bitcoin is known in my country although it is not yet legal. But I am not sure if they are awared on how big the profit is since Bitcoin is decentralized and they can't tax the profit that its users are earning. So I think there will be problems at first. I really can't imagine h things will go between my country and Bitcoin.

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heninur
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January 01, 2018, 02:53:26 AM
 #423

For now in my country there is no ban on bitcoin but the government has not yet legalized it, so I do not know how, hopefully the government does not prohibit any activity on bitcoin because so many people make money from bitcoin, If bitcoin is banned then they will have more problems in making money and finding work is also very difficult.

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dvillier
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January 01, 2018, 07:14:37 AM
 #424

On the off chance that the country would take a gander at their nation individuals not to experience the ill effects of destitution they will sanction bitcoin.The eventual fate of the general population depend on the hands of the government.Corrupt government authorities will endeavour to take out bitcoin to a country.due to narrow-mindedness that will prompt a poor country.I figure it would make the most ideal approach to discover an occupation without spending more forfeit just to have genuine one.If the administration would look bitcoin a gift to anybody not to believe that its a danger to the economy well they should authorise it for a pleasant future we would ever have.
veronikka
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January 01, 2018, 07:34:19 AM
 #425

my country already know about bitcoin but I don't know if they using bitcoin now as a virtual transactions. many Filipino's use bitcoin as a investing and a job so I think bitcoin cannot be ban in our country
dongyi17
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January 01, 2018, 07:42:08 AM
 #426

 Our government already knows and aware of Bitcoin and they are giving warning not to invest hastily but study it carefully just because it's a digital currency they have no hold to it whatever may happen they cannot control it and also they seem to plan of taxes it whichever way possible..Bitcoin is helpful and can also be a means of blessing to ones country if they will only look on the brighter side of it and accept the possibility it bring for the growth not only of individual but the country as well.

curry101
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January 01, 2018, 02:13:54 PM
 #427

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 know about bitcoin here in my country and they didnt banned it. But they told everybody not to invest in bitcoin. Because they said this was only a scam. They dont want that theres more people are going to be scammed again here.

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January 01, 2018, 03:39:21 PM
 #428

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.

only  Nepal and Venezuela ban bitcoin and few countries do that most of countries only ban exchange or central bank only give negative alarm for using bitcoin.

government have can’t do anythings for bitcoin. 
freakntoxikguy
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January 01, 2018, 04:00:02 PM
 #429

I think my goverment will ban Bitcoin and never let Bitcoin come in my country.
sclmte
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January 01, 2018, 04:52:55 PM
 #430

So far, we dont have any issue regarding in bitcoin here in my country. Although bitcoin is still not considered as a legal currency but they recognize bitcoin as a legitimate payment method.
achsan fauzy
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January 02, 2018, 04:45:09 PM
 #431

bitcoin is causing many concerns for many countries. The government is concerned will be a lot of investors who will make investments to bitcoin and leaving the investment in the bank of their country
golek upo
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January 02, 2018, 06:26:41 PM
 #432

bitcoin is causing many concerns for many countries. The government is concerned will be a lot of investors who will make investments to bitcoin and leaving the investment in the bank of their country

I agree with your opinion, if investors making large investments in bitcoin and not invest in a local bank, of course this will cause a decrease in the level of the economy of the country.

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January 02, 2018, 06:29:11 PM
 #433

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 they are trying to ban it but people always try to find some gates which will give them opportunities to just have a free crypto market.

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January 02, 2018, 06:36:10 PM
 #434

in different countries there are rules that prohibit and there is no reason may be prohibited for fear of competing with the state currency but the fact is not.
I think the government know about bitcoin very well because now a days every thin is digital and bitcoin is also a digital currency and its available on internet so I think you can use bitcoin Easily and you can’t hide it from your government so there is no doubt that every government know about bitcoin and my country they want to make bitcoin legal because my government know how bitcoin is useful for their nation.
btcminer6212
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January 03, 2018, 06:00:13 AM
 #435

the gov may ban crypto ( some have already done so), but that will not stop its development and sooner or later they will have to admint it. those banning may find themseves far behind the world
I think it us impossible I think to ban crypto. Bitcoin is now too much popular and is present in almost in every country of the world. Bitcoin popularity is increasing which is now compelling the government to take any step about bitcoin, because still most of the states are silent and they do not have any statement about bitcoin.
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January 05, 2018, 07:35:43 AM
 #436

Generally, government is all for a country.Because, government is elected by people. In my country, govt don't legalize Bitcoin.If govt knows about Bitcoin properly and also knows it's advantages,I think that govt will legalize Bitcoin in my country.

I am sure the reason why they ban bitcoin in your country is because of the reason that bitcoin is a decentralized currency and there is no way the government can regulate it.
Well I think it is good if bitcoin is decentralized because bitcoin can increase and decrease in price any time and no one knows that what will happen in future. If government will know about bitcoin then surely it is good, there is nothing to think about it. If government will make bitcoin as legal currency even then bitcoin will be high and if government is not aware of bitcoin then bitcoin is high in price.

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January 05, 2018, 07:59:28 AM
 #437

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, I think this sorely depends on the pulse of the people on how they are accepting or if a vast majoritt of the voting pu lic are really using and improving with cryptocurrency which as such can be a progress or a detriment depending on how the government views it

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January 05, 2018, 08:20:31 AM
 #438

the gov may ban crypto ( some have already done so), but that will not stop its development and sooner or later they will have to admint it. those banning may find themseves far behind the world
I think it us impossible I think to ban crypto. Bitcoin is now too much popular and is present in almost in every country of the world. Bitcoin popularity is increasing which is now compelling the government to take any step about bitcoin, because still most of the states are silent and they do not have any statement about bitcoin.
It depends how your country will value about bitcoin and other cryptocurrencies if they know what will be the benefits of bitcoin to their economy and people. Many countries have already banned the use of bitcoin and related decentralized transaction in the internet and they know that it could be the threat to the transaction of their currency. And because it’s decentralized it could be used in illegal transaction. But my country have different point of view and they’re open to legalize it. They also warned people about investing in cryptocurrency.
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January 05, 2018, 08:46:36 AM
 #439

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 here already knew about bitcoin but I don't know if they are against it, but the central bank did warn Filipino's to avoid investing in bitcoin and other virtual currency. But if they ban it here, I will do my best to have access to it again.
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January 05, 2018, 09:06:19 AM
 #440

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 here already knew about bitcoin but I don't know if they are against it, but the central bank did warn Filipino's to avoid investing in bitcoin and other virtual currency. But if they ban it here, I will do my best to have access to it again.
I am also a Filipino and good thing that the Philippines support Bitcoin by regulating it, right now Philippines has 2 local wallet providers namely coins.ph and rebit both wallet requires you to verify your account in order for you to increase your withdrawal and deposit limits it is their way to comply with the Central Bank's requirements and it is also their way to regulate Bitcoin and its users. The Philippines has a good view in Bitcoin and at the same time also wants to protect the best interest of its citizens you are right that the Philippine Government is issuing warnings about investing in Bitcoin but especially to HYIP sites as these so-called companies are illegal and can also run away with your money.

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