is there any economic effect for the country or bitcoin users

[Dimas99]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

of course there is an influence if there is no government that will not prohibit the existence of crypto currencies, in my opinion the crypto currency is good or bad depending on the intention and purpose of the investor itself

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[patarfweefwee]

Actually if crypto currency holders use a local fiat to buy ceypto currency and won big in their investments and cashed out then that value will be added to the country and would increase the spending power of a person therefore be able to actually buy more and circulate more income into the economy.

[Ozero]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

Earlier there was information that after the recognition of Bitcoin as a means of payment in Japan in April 2017, only for the remaining period of this year, the cryptocurrency gave a profit to this country's economy by a few tenths of a percent. The figure is a small, but this is almost the first six months. Let's see how much profit cryptocurrency will give this country this year. Also in Japan, after the legalization of cryptocurrency, there was an increase in the growth of the general financial well-being of citizens.

[cizatext]

The banning of cryptocurrency activities in some countries will have great negative effect on the citizens of such countries as they will be limited to one side of carrying out transactions such as the traditional financial system which is full of third party involvement that is taking back the financial freedom of the citizens of those countries.

[resty]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

economic for every country is not affected once bitcoin would totally ban because in the first place it could not already use it in general it is still on the floor for negotiation and evaluation with the people. its up to us how bitcoin become number one it depends upon the good service that they serve us and actually it was very tested to many people including me.

[sutejo]

of course there will be an effect, though a little, because transactions in our country are still very low compared to Bitcoin transactions in the world, especially when compared to the volume of Bitcoin transactions in Japan, South Korea and China.

[Zillur8409]

Yes, Bitcoin can affect on the economic development in any country. Bitcoin is not centralized coin. Being a decentralized coin, user can use their sweet well and government cannot control the transaction. By this method black money can be transferred. For this reason, some government mark Bitcoin as a illegal currency.

[rafi035]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

maybe for the country there is no effect because what I know is that crypto eyes have not yet been able to influence the economy of the country

[eaLiTy]

 Some times  there will be a ban from the government that creates a panic to the Bitcoin users this brings negativeness to the people and will effect the economy the government or banks have no interference with Bitcoin transactions so there is no manipulation by politicians or others the potential of Bitcoin is that money can be sent internationally by the workers to their home without much fee and fast to their homes .

[AniviaBtc]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

A lot of countries had alrady banned bitcoin because of the false news in social media saying that bitcoin is scam or a fraud, that is why they see that bitcoin is bad for the economy. But they are wrong because bitcoin had helped a lot of people who don't have any source of income, so bitcoin can help to improve the economy by reducing unemployed people.

[Latviand]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

The government see bitcoin as a problem in the economy, but the truth is the government don't want bitcoin users to earn money without paying any taxes and they cannot control bitcoin and blockchain technology because it is decentralized, that is why they chose to banned bitcoin.

[Chikitita2004]

To the country I dont think so but to adopters of course yes. There are people who do not have other regular jobs but they only depend in cryptocurrency and if bitcoin will be prohibited in their country if will affect greatly to their personal lives economically. From what I've noticed, bitcoin and cryptocurrency in general have saved a lot of jobless individuals and have given them big financial breakthrough.

[LUCKMCFLY]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

The government see bitcoin as a problem in the economy, but the truth is the government don't want bitcoin users to earn money without paying any taxes and they cannot control bitcoin and blockchain technology because it is decentralized, that is why they chose to banned bitcoin.

Totally in agreement with this point, the government is interested only in the exclusive profit for them, it is a way to have control, if the people in a nation manage to generate better income with bitcoin, they begin to free themselves little by little from an economic system where they demand a lot of rules and sometimes labor exploitation arises.

[Duzter]

I don't find anything getting disturbed just through the ban of bitcoin as well other cryptocurrencies. From my personal view on the economic suffering of countries, bitcoin analysts who are good enough understanding the goodness of bitcoin have suggested countries like Zimbabwe to adopt bitcoin which will help in overcoming the economic collapse. In this way it'll have some impact positive side when adopted and nothing happens if they didn't adopt it.

[shesheboy]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

The government see bitcoin as a problem in the economy, but the truth is the government don't want bitcoin users to earn money without paying any taxes and they cannot control bitcoin and blockchain technology because it is decentralized, that is why they chose to banned bitcoin.

Totally in agreement with this point, the government is interested only in the exclusive profit for them, it is a way to have control, if the people in a nation manage to generate better income with bitcoin, they begin to free themselves little by little from an economic system where they demand a lot of rules and sometimes labor exploitation arises.

Some govt's maybe especially if they are greedy and corrupt but not all because there are still govt's that are supporting crypto  because they see the potential of it  . they see that crypto can also help their country mens to make their life more easier and also to provide more oppurtunity   .   bitcoin or bitcoin users do really have an effect to the economy of a country  .

[reality18]

Countries that put ban on Bitcoin miss out the economic opportunities it offers. Bitcoin and cryptocurrency related activities have the potential to raise the economic status of a country because it offers job and investment opportunities to the people. Bitcoin mining, exchange developing etc are some of the job opportunities the people can have access to if Bitcoin is legalized in a country.

[mapanlah]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

bitcoin does not have a big influence on the economy of a country, but if there are countries that support and provide facilities to bitcoin users, that would be an added value for the country, one example is the increase in tourists who are comfortable with crypto trading, automatically providing more income foreign exchange. but if the country rejects bitcoin, there is no influence on that country.

[BeGoods]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

bitcoin does not have a big influence on the economy of a country, but if there are countries that support and provide facilities to bitcoin users, that would be an added value for the country, one example is the increase in tourists who are comfortable with crypto trading, automatically providing more income foreign exchange. but if the country rejects bitcoin, there is no influence on that country.

Nope I think the influence still exists, even though it's small, my country forbids but many users still use it, and many users are still profitable? of course it provides outside income for the country.
yeah I think that also,  if there is a regulation from the government, of course the role of bitcoin will be much greater for economy

[darefreads]

There's a economic effects in any country or Bitcoin users in a different ways like participating in any projects that they can work for to earn money. And in some countries like in mine they are now accepting bitcoin payments in some establishments that can really give a chance to some people to make a transaction so easy.

[Stac]

   Most people might think that Bitcoin is a funny experiment with digital cash purchasing things online . Countries in financial crisis often tighten the financial situations by imposing capital controls on the people by even stopping them doing their basic things as taking cash from the banks then Bitcoin can be useful for this type of economy . When the global countries plunged into recession people lost their faith in fiat currency  then Bitcoin has taken advantage in fiat currency..Bitcoin is a digital decentralized currency  and so has no controlling authorities in the transaction of Bitcoin .. In this type of economy were people feels distrustful of banks and government, Bitcoin will be useful for the economy .