is there any economic effect for the country or bitcoin users

[alyssa85]

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?

Those countries will fall behind on a key piece of tech and will be scrambling to catch up in twenty years time.

It's a bit like Genetically Modified foods. The EU banned it out of sentiment. But the research coming out now shows it is perfectly safe (they now have 30 years of data) and the Americans are the world leaders in the tech. The Europeans are thinking of unbanning it, but it's too late for their biochemists to catch up.

[whirlcoin]

Bitcoin will make a big difference in the revenue of the countries because there is no perfect way het available to tax the cryotocurrency users so the users are enjoying more profits that is the reason governments are trying to ban and regulate it.

[Duogembrot]

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?

if for developed countries and have legalized bitcoin like china, japan and america seems to make condition of their country coffin to be developed and very influential in its financial condition. but for countries that still prohibit the circulation of bitcoin, bitcoin will not have any effect in the country.

[Joy12345]

For me, I think there is a possibility that there is an effect in the economic status of the country and in the bitcoin user. If that country have a lot of bitcoin users, it means there is a small number of people who are unemployed because they have a source of income to sustain their financial needs and to support and help their family. Bitcoin can sustain the needs and wants of the bitcoin user, by this, bitcoin user can buy anything they need and want. In every item that they were buying there is a corresponding taxes that they need to pay it means they have a great help to contribute a positive effect to raise the economy of their country. If the country have a lot of bitcoin user there is a possibility that the country can grow continously and become stable. To make these things possible to happen, the country must also trust the bitcoin and support the bitcoin because there is a lot of country now that banned the bitcoin because they cant see the positive effect of bitcoin to their country.

[rocketbits]

Of course BTC affterct economies, and governments definitely lose from not accepting it.

There is nothing to deny in this that crypto currencies can surely contribute a major role in making the economic condition of any particular country far better than its present condition. The thing is there are investors who are investing in bitcoin and are thus contributing in making the economic condition better but still that contribution is not that much sufficient and the governments need to think over it for better economy.

[zhea]

Definitely there is a big effect of bitcoin to the users and the countrys economy as well. Because as long as there are lot of people who are engage in bitcoin they are given a chance to earn and sustain the daily needs. They can buy things what they need and what they wanted. Out from the commodities that they buy the revenue will go to the government and its a big help in building a nation in promoting projects to some certain areas of the country.

[sordinihandbag]

Yes ofcourse there will be an impact on the users and as well as the country too. better to clear off your stock before your country too does it

[untidyaudi4]

NO there will not be any eceonomic effect on btcs as if one leaves the ecosystem then the other one will take its place in the ecosystem

[thecoder2017]

I believe that there is a little effect in economy where there are bitcoin users because it may help some people with no job to earn for their living  and these may also affect the problem regarding poverty.

[KomodoStrikes]

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?

First, the users will suffer as the effect of total ban begins.
Economic status of the people involved in crypto will be affected dramatically including the country's economic status as a whole.
And i think people will do a way to continue doing crypto despite the ban because there are still countries who legalize the use of cryptos.

[St4yInTh3D4rk]

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?

First, the users will suffer as the effect of total ban begins.
Economic status of the people involved in crypto will be affected dramatically including the country's economic status as a whole.
And i think people will do a way to continue doing crypto despite the ban because there are still countries who legalize the use of cryptos.

It affects the bitcoin users mainly if there ban in their country because bitcoin is helping lot of people to earn money but if they ban it they can't trade it so it is revenue loss or the inestors but it will also affect the country's economy since users will pay taxes to their earnings so it will cut out if they ban it.But mostly users will suffers than the country.

[Taki]

Yeah, there are like 10 countries which shorted the use of crypto currencies or admitted it as illegal at all. I think it brings negative effect on the country's economy. People in those countries, which stay friendly or simply clam to crypto currencies, have much more money in hands; that means that they spend more in their usual life and that fact moves the economy as inside of the country as abroad, cause of people of nowadays became more free and borderless in the case of their shopping and spending money in general.

[heraldlazaro25]

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?

If bitcoin and other crypto currencies were banned in a certain country that supports it, there will be a lot of changes that might happen. First in the economy. It may slow down or stop developing or it will go back to normal. Then to the people, they will have less capability to earn their own money especially the poor people.

[Wonder_woman]

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?

Actually I really believe that if the people of country become rich then there will be a great change in economic problem of one country. I mean if the people use bitcoin then they will become rich because of bitcoin they will not already needed the help of the government.

[JerryJam]

Bitcoin has no special impact on the economy of the state. Because it does not have the status of a traditional currency. To buy something with bitcoins you need to transfer it into Fiat N this stage, the cryptocurrency supports Fiat money. This allows you to increase the flow of Fiat money in the state budget. If the cryptocurrency were recognized as a traditional currency, there would be a reverse process. Would the outflow of Fiat. This would be detrimental to the state Treasury.

[WordDeckTuch]

Hope there is an effect because then only peopl will get to know how unsafe and unreliable the bitcoins are

[algerianimminent5]

Not all the countries are doing so and for that reason its structure is just as it was before so you need not to worry about btcs

[really01]

You're right. There are now quite a few countries that have banned bitcoins and other coins. This affects quite a lot of altcoin. However, it only affects ICO projects because it makes them more difficult to implement. As for bitcoins, they are almost impossible to die. So even if it is forbidden, it can only reduce the price of bitcoin.

[devormity]

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?

All countries that strictly prohibit bitcoin will inevitably affect their own countries as well as their own communities in the crypto world, will have a huge impact on the economy of society and experience a very extreme decline, for me the country will not care for all of it.

[0t3p0t]

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?

Yes it has negative effects on both sides of course. Banning crypto in a certain country makes online payments inconvenient, people lose income and government loses revenue for every taxes paid by crypto enthusiasts upon withdrawal of funds.