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Author Topic: What will happen if the government know bitcoin in your country?  (Read 4577 times)
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February 14, 2018, 03:44:22 PM
 #521

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 the government here in our country know about bitcoin already and they are not stopping or limiting us from using it. Many banks has just produced some safety measures about investing in cryptocurrencies wherein they are adivicing people to learn more about bitcoin first before investing. I think our country is in good terms with bitcoin that's why we should support it more.

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February 14, 2018, 03:55:29 PM
 #522

In my country bitcoin is prohibited, but it is prohibited to only use transactions directly by using bitcoin. Therefore users can still use it, but bitcoin users can still use bitcoin when it becomes a banknote.
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February 15, 2018, 03:57:18 PM
 #523

All countries know for bitcoin. Just some countries on the development of events and develop legal norms, someone in the positive side of someone will prohibit it. If you use bitcoin and blockchain technology in the right direction, then certainly - they will become the key to the success of the country's development.

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February 24, 2018, 04:06:58 AM
 #524

Ahmmm. I am from Philippines and Here in our country bitcoin will not yet Legalized and even the government will not know it well. So I think that if it is know by the government and by sighting it in good way, I have no doubt that government will Legalized it to improve more our country's economy because we all know that there are so many people who are became successful because of bitcoin that's why it is very helpful to the economy and even in the nation.

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February 24, 2018, 04:39:49 AM
 #525

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 it is already a known identity especially in our government but they still don't made some drastic as to intervene the current flow of bitcoins though there are some hints that they would do such things eventually in the future. I do think they don't see it as a threat but a good opportunity to invest money but still with risk also.



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February 24, 2018, 04:50:55 AM
 #526

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 the government here in our country know about bitcoin already and they are not stopping or limiting us from using it. Many banks has just produced some safety measures about investing in cryptocurrencies wherein they are adivicing people to learn more about bitcoin first before investing. I think our country is in good terms with bitcoin that's why we should support it more.
Also in our country.Our government here already knew about bitcoins because last year, there was a report in our local news about a guy who shared knowledge about this coin.He is now a millionaire because of bitcoins.And there was no indication or warnings from the government to avoid this coin.And also we have a certain digital wallet here who help us to buy direct bitcoins even without bank accounts.

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February 24, 2018, 05:04:41 AM
 #527

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 it is already a known identity especially in our government but they still don't made some drastic as to intervene the current flow of bitcoins though there are some hints that they would do such things eventually in the future. I do think they don't see it as a threat but a good opportunity to invest money but still with risk also.
The same thing also happens in my country, in 2012 there has been a statement about bitcoin that bitcoin can not be used for transactions like legal money, but the government will not limit and will continue to monitor the development of cryptocurrency because it makes as a commodity that may one day be taxed.
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February 24, 2018, 05:06:16 AM
 #528

I think the government already know about bitcoins and other cryptocurrencies and i'm sure they are planning to ban it because they fear that it may affect to the economics in the country. One more thing is bitcoin and other cryptocurrencies have no tax and they can't add tax to it because bitcoins and other crypto's are decentralized.
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February 24, 2018, 05:16:45 AM
 #529

I think the government already know about bitcoins and other cryptocurrencies and i'm sure they are planning to ban it because they fear that it may affect to the economics in the country. One more thing is bitcoin and other cryptocurrencies have no tax and they can't add tax to it because bitcoins and other crypto's are decentralized.


Unfortunately the government in my country has aware already in cryptocurrency that has been popular in the whole world. They think that it can contribute the unemployed people in his country and make me people happy because this is all through economic growth the country due to a lot of people will get a huge earnings compared in working company. This will help to reduce the demand of people working abroad too.
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February 24, 2018, 11:40:17 PM
 #530

I think the government already know about bitcoins and other cryptocurrencies and i'm sure they are planning to ban it because they fear that it may affect to the economics in the country. One more thing is bitcoin and other cryptocurrencies have no tax and they can't add tax to it because bitcoins and other crypto's are decentralized.


Unfortunately the government in my country has aware already in cryptocurrency that has been popular in the whole world. They think that it can contribute the unemployed people in his country and make me people happy because this is all through economic growth the country due to a lot of people will get a huge earnings compared in working company. This will help to reduce the demand of people working abroad too.


Yeah , same here buddy. Our country recognize bitcoin in fact some of our establishments accepts bitcoin as their mode of payments. In some situation, I noticed that those people who are unemployed can benefit which they can earn here as much as the rewards that they have after the campaigns that they joined. Also, their employed people can have extra income, well an extra income that can reach the monthly salary of their regular job even though they already have knowledge about crypto currency which being employed can benefit access to government benefits.
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February 25, 2018, 01:19:10 AM
 #531

Despite the fact that in my country. Bitcoin is not new to the Government, they are still claiming they knows not the Bitcoin basis and at such are not ready to give it any support. But I feel with time, when this notion changes, it's effect positively shall be felt, especially on those that actually believes and trade or invest in it.
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February 25, 2018, 06:50:10 AM
 #532

the government in my country has known about bitcoin and now they have banned the use and did not accept bitcoin as payment
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February 25, 2018, 08:58:08 AM
 #533

the government in my country is so aware of the bitcoin and there were rumors that they were trying to ban it but everything remained in the rumor stage at the moment
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February 25, 2018, 10:40:50 AM
 #534

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.


Same with our country. There are only two posibilities that might happen. First, our country might ban it for their own reasons. Second, they might tax it. Our government is into taxing. However, our government is already aware of bitcoin and they might decide about it any day of the year so as early as posible, we are earning as long as we can here.
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February 25, 2018, 11:14:08 AM
 #535

Government in most countries already know about bitcoin, while some have declared their status on adopting it, some are still just looking at the situation of things and gradually seeing how it can be utilized, while quite few have declared it illegal. My country does not have any problem with it and I doubt if there ever will even though they have not declared their state on it, but the CBN and some banks are already looking into the technology and how it can benefit the country.
Now, that some powerful countries are already adopting and regulating it, it may help smaller countries to at least have a reason to do the same and look out for the benefits they can derive from it.
I think if the government traced the btc there are possibilities that  they will ban it and make it illegalized if they see it non profitable  to them like taxes. But I think many of the government already know about bitcoin and its uses in the community. Bitcoin is so helpful in every people who has done a lot of things to it.
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February 26, 2018, 06:50:21 AM
 #536

It depends how your country will value about bitcoin and other cryptocurrency. They will ban it or legalize bitcoin . But it is not easy for the government to make the bitcoin legal. It is not their priority right now, that's why they keep telling people to be more careful investing on digital currency like bitcoin,altcoin .
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February 26, 2018, 08:35:39 AM
 #537

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.

As of now in my country bitcoin has known in the other day and they news it on the television on what use for bitcoin or what is bad or good this king of cryptocurrency. And i think if the government knows about it maybe they will make this legalize.
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February 26, 2018, 11:04:02 AM
 #538

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.

As of now in my country bitcoin has known in the other day and they news it on the television on what use for bitcoin or what is bad or good this king of cryptocurrency. And i think if the government knows about it maybe they will make this legalize.
It seems not so easy to legalize bitcoin, surely it takes a long review of bitcoin because everyone knows that bitcoin is decentralized so that it can not be controlled and anonymous features that can be used by corruptors to hide their money.

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February 26, 2018, 11:32:12 AM
 #539

in my country 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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February 26, 2018, 11:41:51 AM
 #540

Countries that ban Bitcoin and other cryptocurrencies will lose out to those that don't but rather choose to regulate in an intelligent way. Bitcoin is a test of freedom and forward-thinking ability. And you can already see that those countries who lead on things like democracy, freedom, etc. are not banning it. It's the autocracies who fear it most.
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