The impact of bitcoin on the financial stability of a country

[GreenDee]

What is the impact of bitcoin in a country's financial stability?

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[DrGuns4Hands]

If you have money, you can avail and buy whatever you wanted and needed. In this case, your money will go through the cycle in the economy. If a lot of people has a capability, therefore all of these money will go through which will results to good stability of money in such country.

[andrei56]

What is the impact of bitcoin in a country's financial stability?

Right now bitcoin has almost no impact but countries are seeing that it may have an impact in the future if the technology is adopted by a significant amount of the population, so they are doing their best to try to protect themselves from those effects, but the good news for us is if that happens then any measure they try to impose to bitcoin is going to fail and that point the budget of governments could be compromised.

[davis196]

What is the impact of bitcoin in a country's financial stability?

A lot of people in such country might want to export their savings and capital outside the country,so they will try to buy bitcoins or any other cryptocurrency.Such money export will decrease that country`s national currency value.This creates inflation and makes the people poor.Other impact is that cryptocurrency users don`t pay taxes for their crypto income and savings.That`s why most of the countries want to regulate ot ban crypto trading.

[sofi@]

Bitcoin gives opportunity for income and investment which later helps people to make their lives even better, they were able to buy things that their salaries failed to reach and can make such a good savings for their future with this the economy also improves and the expenditure of people increases though by this time most government don't see the help of bitcoin but in the future this thing will really make a great impact

[xdrpx]

A very good example of how Bitcoin affects a country's financial stability was the news about how Japans GDP gets a boost of 0.3% because of the "Wealth effect" by Bitcoin investors and the availability of Bitcoin payments at POS in several stores in Japan. This is because the rise in asset value often increases spending. Lets also consider Bitcoin as 'Money 3.0' where there's an upgrade in terms of being able to spend Bitcoins between anyone who has a wallet, worldwide. This remove boundaries of trade, commerce and payments. Without barriers to payment people can procure services and goods from abroad at an easier rate, unlike before where there were restrictions on how much amount can be spend on trade. Bitcoin has made lots of people wealthier and the millennials have been seen to reap the benefits. There's no dependency on the banks for weekend trades and also this brings in more money inflow into the economy.

[johanesrobin]

I am stupid in the field of economics and calculations on improving the economy in a country. Simply, if everyone can afford to buy goods it means good economy and vice versa.
Bitcoin has helped anyone to fulfill their dreams, at least fulfill their daily needs. it is better than any economic policy.

[torch2121]

Actually I don't know the impact. As long as I can buy foods, clothes or anything that I need its fine for me.

[rat03gopoh]

for countries that prohibit bitcoin, then transactions must be outside the country, of course it resulted in no tax revenue. We know the tax is one of the largest state income

[burdagol12345]

What is the impact of bitcoin in a country's financial stability?

Bitcoin is a big impact of financial stability of each different country,because every country have its own law about digital currency.those country who allow bitcoin to become legall like the country of japan  will become blooming and progressive,because people benefited the income tax coming from digital currency and they used this for the good of there homeland because they consider bitcoin as part of there finacial stability,while those  country  who not allow bitcoin become regulated  they  would not be benefited the income tax that come  from cryptocurrency.

[lionheart89]

If some people make transactions specifically using digital currency, then the Bank's ability to lead the needs of this group can be disrupted.

[mayo2u]

What is the impact of bitcoin in a country's financial stability?

Right now Bitcoin and all crypto-currencies have absolutely zero impact on developed countries. But, it can, have a huge impact on countries such as Venezuela and Greece and Iran.

If you think that people will try to move their savings away from unstable regimes then yes crypto will have an affect in those areas. If you live in a place where you think the valuation of the currency is stable for the immediate future then Bitcoin is simply an investment or of philosophical interest. If, however, you live in a place where you're worried that the government may seize your wealth (Greece, China) then Bitcoin becomes ever more important.

Now, can it help the stability of the country? Yes, in that it allows one to have wealth stored and transported outside of the government's control. Now, there are ramifications to this - as all countries would consider this to be tax evasion (if not economic treason). So, does Bitcoin contribute to the stability of a country? I'll let Milton Friedman debate that with John Maynard Keynes.

[Yakamoto]

What is the impact of bitcoin in a country's financial stability?

It would probably weaken the stability of a country in a majority of conventional terms, to be honest. It would take away from most of the normal statistical valuations of most standard measurement means, but there isn't anything that would actually be lost because of Bitcoin being used in a country. Governments that can't prove their own country's value and their economic stability and prosperity sure as hell won't be able to maintain their country for long if they can't show they have trade value and take out debt to help their country run. Well, it's possible, but unlikely anyways.

[KourtneyK]

It could have a huge impact on the financial stability of a country especially the economy of the country itself. Especially if the government is willing to compromise but then again problems would arise regarding the taxes and all that.

[GoodTrout55]

Actually, there's no impact on it or whatsoever. One thing that can affect the financial stability of a country if once bitcoin or cryptocurrency is mainly used which is not the case.

[Protected101]

Bitcoin has a big impact in economies financial stability,many people now engage in digital currency due to its benefits that can gave to us.Because of it we can buy and sustained what we needs in our family through working on cryptocurrency it make our stable in financial needs.
I think if that would happen government did not banned anymore the bitcoin.It has a  huge development to us and they will gave law by it by being legal in every country.

[kevin go]

Bitcoin holds more than 51% share in cryptocurrency market. If we see popularity of bitcoin in last five years it may affect the economy of any country. Bitcoin`s rising price attracting more and more investors all over the world. These investors are pulling money from their traditional investments and investing it in bitcoin currency. Similarly they stopped using fiat currency in their day to day life. As a result circulation of fiat currency get disturbed so as the economy. As a result Indonesia and other countries banned bitcoin currency completely from their economy by giving security and stability reasons. In future many more countries can ban or regulate bitcoin currency.

[mrcash02]

Bitcoin holds more than 51% share in cryptocurrency market. If we see popularity of bitcoin in last five years it may affect the economy of any country. Bitcoin`s rising price attracting more and more investors all over the world. These investors are pulling money from their traditional investments and investing it in bitcoin currency. Similarly they stopped using fiat currency in their day to day life. As a result circulation of fiat currency get disturbed so as the economy. As a result Indonesia and other countries banned bitcoin currency completely from their economy by giving security and stability reasons. In future many more countries can ban or regulate bitcoin currency.

How could people have stopped using fiat on their daily life if there are only about 100.000 businesses in the world accepting Bitcoin as payment? We can't live without fiat. Bitcoin boosts countries economies a lot when people convert their Bitcoin profit to fiat. You are putting money in circulation in your country, the government should feel proud of their people and not ban Bitcoins.

Bitcoin is unstable and doesn't guarantee any stability for your country, if using it as store of value, but on the individual life it has only advantages.

[Ctn]

What is the impact of bitcoin in a country's financial stability?

Country's Financial system depends on few factors like this :

GDP of that country, it is measure of Gross Domestic Products which are produce of different products and services within the country and sold within the same country with specific period of time.

** 1) According to sources everything depends on internal and external factors of the country such as, nature sources, infrastructure, human capital, laws, labor cost etc.
**2) Apart from this there are some factors related to economic growth such as business cycle, exportation and import cycle of that specific country and majorly the commodity exports.

Now the question where does our bitcoin fall in these all? Does it have any place in the different factors that we have discussed above? I believe that it falls in the commodity exports where our money is actually being spent on virtual commodity like Bitcoin and other crypto currencies.

The net effect is simple, we are showering the money out of our country's economic circulation considering the fact that bitcoin is decentralised and the stream line is completely different.

So the impact seems to be negative. If we don't consider that the taxes are being paid for the every transaction that has made against the bitcoin purchase or sell.

** References: https://www.intelligenteconomist.com/economic-growth/

[jseverson]

Bitcoin holds more than 51% share in cryptocurrency market.

Not true. Bitcoin's market dominance is down to 33.7% as of writing, according to Coinmarketcap.

As for a country's financial stability, I don't think Bitcoin has any significant impacts yet. It did help Japan because the new crypto wealth spurred spending, but that's the only country I'm aware of. Other countries could also be experiencing the same thing, but on a smaller, less observable scale, considering Japan's outright support for crypto.

One thing to consider about Japan's case though, is that with their support comes taxation, and it could be a model other countries will look to emulate.

[just_Alice]

What is the impact of bitcoin in a country's financial stability?

There will be no principal impact of cryptocurrencies on country, until they're legalized. Not so many people inside the country purchase and sell bitcoins and even though they do, there are negligibly few countries, where BTC is taxed, which makes it somehow participating in country economics.

[raven7886]

for countries that prohibit bitcoin, then transactions must be outside the country, of course it resulted in no tax revenue. We know the tax is one of the largest state income

I don’t believe that bitcoin can make much impact to the financial stability of any country, even if it does, I don’t think it will cross 5% and when governments talk about banning bitcoin, there are reasons behind that. But things may change in near future until then we need to focus on saving bitcoins because it will have big impact on our wealth for sure.

Actually I don't know the impact. As long as I can buy foods, clothes or anything that I need its fine for me.

Lol, seems like I just came across someone that lives life just like me lol. I don’t even care about all these economy blablabla…. When I’ve got things that I need, they don’t make sense to me, so no need to bother.

[Minnie1928]

What is the impact of bitcoin in a country's financial stability?

There will be no principal impact of cryptocurrencies on a country until they're legalized. Not so many people inside the country purchase and sell bitcoins and even though they do, there are negligibly few countries, where BTC is taxed, which makes it somehow participating in country economics.

Bitcoin alone isn't the determinable factor for the instability of the specific country. Many countries are fearing that in a long-term Bitcoin will shake the financial stability and suppress the FIAT backward. Right now the countries are only in gain with the people using the Bitcoin because the payment methods are still presented in the FIAT and any Bitcoin income must be reported to the authorities and that can be only a plus for the financial state of the country.

To the most people Bitcoin is still a hobby and they have a proper job which is paid in FIAT( taxable). Bitcoin is additional income ( must be reported and taxable) which can be only profitable for a certain country.

[Dragon5]

I doubt it has any inpact on economy of a country, only in banking, as I understand the system. Transaction and service fees in this sphere are considerable, and banks would lose much profit. However, systems are flexible, somethings become useless, others appear.

[Rossy Akbar]

I think if in my own country legalize bitcoin become a legitimate thing, it will have an huge impact for the economic progress of a country, one of them is to reduce unemployment for the reason because we can join the bounty project in according with existing rules on each bounty project which is can make some money for the participant especially.

[paul00]

Based on my experience so far, I can say that bitcoin has favored in the financial stability of each individual users. On its aggregate impact on countrys financial stability, I am not actually sure if it has a huge effect since there is not actual statistics which claims such thing. However if we would base the assumption on how other countries legalizing it, then I think it certainly has a good impact on the financial stability of the country.

[Pab]

There was a lot news that bitcoin can have negative impact on economys financial stability
In all that voices i most i most like that what Mario Draghi told,bitcoin has no impact on EU economy
Dear economist maybe first look and something with your economys ,banks,corporations,hiding taxes and corruption than lets talk about crypto or look how crypto may improve economys

[Bezobraznike]

There was a lot news that bitcoin can have negative impact on economys financial stability
In all that voices i most i most like that what Mario Draghi told,bitcoin has no impact on EU economy
Dear economist maybe first look and something with your economys ,banks,corporations,hiding taxes and corruption than lets talk about crypto or look how crypto may improve economys

   That are just rumors that governments spread to protect their
asset. They do not have way to tax Bitcoins, they do not have
ways to earn from Bitcoins and they spread lies about it.
   I think that BlockChain is transparent and that is not suitable for
people who are in power, they will not be able to hide their suspicious
activities.
   Pab you are right when you say that they should sit on the table and
talk how crypto-currencies can improve economy, than to talk how to
ban it.

[eyebags1994]

Bitcoin gives a very big impact on the financial stability of a country. Because a lot of people making big money from bitcoin gaining big salary from bitcoin and when they get that big amount of money they can invest it the country money . at the same time

[dunfida]

There was a lot news that bitcoin can have negative impact on economys financial stability
In all that voices i most i most like that what Mario Draghi told,bitcoin has no impact on EU economy
Dear economist maybe first look and something with your economys ,banks,corporations,hiding taxes and corruption than lets talk about crypto or look how crypto may improve economys

   That are just rumors that governments spread to protect their
asset. They do not have way to tax Bitcoins, they do not have
ways to earn from Bitcoins and they spread lies about it.
   I think that BlockChain is transparent and that is not suitable for
people who are in power, they will not be able to hide their suspicious
activities.
   Pab you are right when you say that they should sit on the table and
talk how crypto-currencies can improve economy, than to talk how to
ban it.

They cant really hide anything since address can really be seen on how much money is being store and activities can really possibly be seen. Even myself can really see that bitcoin can give impact on ones economy once its being decided to be adopted but on most cases or normal reactions on neglecting those proposals will surely be on the opposite site which isnt really surprising though.

[blue_nexus15]

Bitcoin offers great investment opportunities for investors who love new ventures and investments. But I firmly believe that governments will not like the presence of bitcoin because of the anonymity of its transaction that makes it impossible for the government to control and capture the value of investors' assets. This is losing a tax to the government and certainly the Treasury Department will be unhappy about that.

[Karavadinos]

What is the impact of bitcoin in a country's financial stability?

Bitcoin can help a lot of people that they have no job to actually earn some money from it, with just a simple access to the internet and basic knowledge about what bitcoin is, people can really make a good money out of it to cover a living, this helps the economy and the financial stability especially with the third world countries where unemployment is really high.

[btcluisdiki]

What is the impact of bitcoin in a country's financial stability?

Bitcoin can help a lot of people that they have no job to actually earn some money from it, with just a simple access to the internet and basic knowledge about what bitcoin is, people can really make a good money out of it to cover a living, this helps the economy and the financial stability especially with the third world countries where unemployment is really high.

I think bitcoin does not pose any threat  to financial stability of a country and is improbable to unsettle maintstream markets in the suceeding couple of years. While the majority of economists thought there were restricted risks to financial stability wherein governments should bring in bigger controls for cryptocurrencies as their anonymity and opacity could help change tax evasion and other criminal actions.

[zhea]

Since bitcoin does a big impact on people who are engage with this crypto currency it also does to the stability of the country. Bitcoin also give people an opportunity to earn and invest, and from their earning they can buy their basic commodities so the tax from the goods that they buy will go to the government for some projects for the development of a certain place. We can say that bitcoin help the financial stability both to the user and to the government as well.

[player514]

What is the impact of bitcoin in a country's financial stability?

Bitcoin offers a new means to pay for things in countries. However, it's decentralized nature could actually help in the sense that it allows people to use the same type of currency across multiple areas because it's supported practically somewhere everywhere, and in turn this might deem the country more technologically adept.

However, the more people turn towards BTC, the less the government's may be getting in taxes due to the tax-free current nature of BTC. This could lead to pretty big problems and might even end up being resolved by adding taxes onto crypto transactions in the future.

[yohaneshs]

What is the impact of bitcoin in a country's financial stability?

Every goverment has a regulation about crypto currency and i think economic or financial in country can be unstable if the people use bitcoin or crypto currency as payment gateway like transaction in the shop.
Why? Because bitcoin has fluctuation price very fast and it's will make inflation very high in a country. I think its very dangerous.

[bitcad4u]

What is the impact of bitcoin in a country's financial stability?

Every goverment has a regulation about crypto currency and i think economic or financial in country can be unstable if the people use bitcoin or crypto currency as payment gateway like transaction in the shop.
Why? Because bitcoin has fluctuation price very fast and it's will make inflation very high in a country. I think its very dangerous.

Bitcoin had improve the country finance by giving some dollars  to the unemployed people.Bitcoin was not directly impact on country financial stability.It will indirectly help the country financial stability.Many people are earning their second salary from this bitcoin.

[Sasuke102001]

Bitcoin won't be Impact full on a countries economy until it isn't legalized in the economy. Only after bitcoin gets legalized and the country taxes its people for using Bitcoin until then Bitcoin won't have any impact on the economy and there are very small no of countries where bitcoin is legalized and is taxed.

[Polipog]

It is sad to say that even today there is no statistic analysis by government about financial contribution of bitcoin in such different countries , but knowing about bitcoin, it has a large impact of economic contribution in different places, particularly to those people who really active by joining different activities of bitcoin business. The impact of bitcoin on the financial stability on a certain country is indirect situation, because it is only on the user control system and with the power of bitcoin management. The country don't have the rights to collect direct contribution from bitcoin, it is only on the people can contribute which the money earn from bitcoin by using different transactions to different establishments to buy goods and products on which the transaction have taxes distributed to goverment.

[Tapyaks72]

What is the impact of bitcoin in a country's financial stability?

Every goverment has a regulation about crypto currency and i think economic or financial in country can be unstable if the people use bitcoin or crypto currency as payment gateway like transaction in the shop.
Why? Because bitcoin has fluctuation price very fast and it's will make inflation very high in a country. I think its very dangerous.

Bitcoin had improve the country finance by giving some dollars  to the unemployed people.Bitcoin was not directly impact on country financial stability.It will indirectly help the country financial stability.Many people are earning their second salary from this bitcoin.

Economy of a country is considered stable when the importation is less than exportation meaning more product coming out than product coming in, because we are spending much dolars will cause currency I mean fiat money to divaluate.when a country were people are having much Bitcoin income it also equivalent having many dollars coming in.

[TonyChikago]

Bitcoin won't be Impact full on a countries economy until it isn't legalized in the economy. Only after bitcoin gets legalized and the country taxes its people for using Bitcoin until then Bitcoin won't have any impact on the economy and there are very small no of countries where bitcoin is legalized and is taxed.

I do not think that Bitcoin will be able to exert a strong influence on the country's economy even after legalization. Too small turnover of Bitcoin in the economy of a single country. For some countries, the foundation was and will be oil and gas. That's when oil and gas will be sold for Bitcoin, then the turnover will increase dramatically.

[Seeker#9]

It is still early to tell if there is such an impact of bitcoin in financial stability of a country. The government can always make a measure like imposing regulations on bitcoin and other cryptocurrencies to to ensure that the country's financial stability will not be affected. Many government fears that because of bitcoin's decentralized feature, they can't be able to monitor any funds that comes from unknown sources like money laundering and other illegal activities that uses bitcoin. This illegal activities might later affect the economy if it is remain unchecked.

[StonedWolf]

For now, not that many people know bitcoin. And not all those who know what it is, know how to use it. Only the minority of minority. That is why,these days, it can't have a great impact or affect a whole country. But once it is well know and its use become important, it will surely make a change in the financial state of a country. It can be for better or for worse.

Imagine that the people of country A are earning bitcoin from country B. That means that there is a flood of money entering A, but leaving B. Where will the money be spent? In country A. Therefore, It will cause a rise then in A financial state, and a decrease in B's.

[el kaka22]

For now, not that many people know bitcoin. And not all those who know what it is, know how to use it. Only the minority of minority. That is why,these days, it can't have a great impact or affect a whole country. But once it is well know and its use become important, it will surely make a change in the financial state of a country. It can be for better or for worse.

Other than only very less number of people are aware bitcoin payments, even people who are all aware bitcoins, not using it as a currency but simply storing for future benefits. That is another very important reason why bitcoin is not having any will impact into a country's economy. This reason may not change in very near future as people are preferring to hold bitcoin for decades.

Imagine that the people of country A are earning bitcoin from country B. That means that there is a flood of money entering A, but leaving B. Where will the money be spent? In country A. Therefore, It will cause a rise then in A financial state, and a decrease in B's.

It is already happening like every country must to have balanced the import and export levels so that they can have a stable financial state. When a country is importing all their needs, then their money will be flowing out which will not be good supporting factor for their stable economy.

[pendekar cinta]

With the existence of bitcoin is currently able to provide an opportunity for someone to make an investment If the government officially receives it so that people are able to take advantage of its existence in seeking profit for the financial system in a country goes well without there unemployment.

[1Referee]

I do not think that Bitcoin will be able to exert a strong influence on the country's economy even after legalization. Too small turnover of Bitcoin in the economy of a single country.

I wouldn't be so sure of that. Currently with how Bitcoin has been booming, and then mainly in Japan, the possibility of there being growth in Japan's GDP due to Bitcoin is almost a certainty. Estimation is that the growth could turn out to become close to 0.3%, but we have to wait for actual GDP reports to be sure of the exact growth percentage. Regardless of what that percentage will turn out to be, it's very impressive that Bitcoin itself can cause a major world economy to grow - that's something we as Bitcoin enthusiasts can all be satisfied about. With Lightning Network being there as an extra bit of incentive to make people spend their coins on goods, I have no doubt about it that Bitcoin will then push far beyond the 1% level in GDP growth. That's all concerning a major world economy - imagine what Bitcoin could do to smaller economies such as Venezuala.

[2Godbdglory]

THE IMPACT OF BITCOIN ON FINANCIAL STABILITY OF A COUNTRY: IT CAN AFFECT THE FINANCIAL STABILITY OF A COUNTRY BECAUSE THE BITCOIN SOURCE DID NOT PASS THROUGH GOVERNMENT AND NO TAX ON IT. IT IS ALL ABOUT TAX INVADER.

[onpages]

What is the impact of bitcoin in a country's financial stability?

actually a lot of impact resulting from this bitcoin. in terms of profit or loss.
as I know, btcoin will make citizens in a country have more income while working in this bitcoin world. besides that if used dlam process of buying and selling, we will get amenity in it.
but indeed the resulting loss also exists, one of which is the absence of regulations that provide taxes in bitcoin. and when we invest in bitcoins have a high risk so that if a failure will result in government work to further improve in the country's economic affairs.

[vidprab5]

I think if in my own country legalize bitcoin become a legitimate thing, it will have an huge impact for the economic progress of a country, one of them is to reduce unemployment for the reason because we can join the bounty project in according with existing rules on each bounty project which is can make some money for the participant especially.

I don’t think we are the ones to tell whether Bitcoin makes any impact to the financial stability of any country or not, that’s the work of the government to tell, cause we are not the ones that knows everything that happens. But I do believe that bitcoin will be making positive impacts and not the negative.

[Wallflower28]

When it comes in individual stability, bitcoin is a great source of income. A lot of people are hoping to make some earnings about bitcoin. In fact, bitcoin helps unemployed people to have job at home. Financial stability of a certain country will be based upon the citizens and if all citizen are earning money, they can contribute to the total income source and GNI of the economy.
Bitcoin helps individual person that result to the stability in financial of the whole economy.

[Gargo]

The impact of bitcoin on the finances of most countries seems to be very small. It improves the situation of individual people, who treat it as an investment rather than as a means of payment. There are too few businesses accepting bitcoins and payment points. Therefore, the impact on the economy and thus on the finances of countries is small.

[andrei56]

Bitcoin gives opportunity for income and investment which later helps people to make their lives even better, they were able to buy things that their salaries failed to reach and can make such a good savings for their future with this the economy also improves and the expenditure of people increases though by this time most government don't see the help of bitcoin but in the future this thing will really make a great impact

This is something some fail to see, when you receive your pay in fiat your money keeps losing value since the government does not stop printing money, so every day you can afford less and less with your money, but with bitcoin the opposite happens, the longer you hold the more you can afford, this is incredible, someone that saved a few thousands of dollars a year ago still has that same money while someone can buy a lot more than that if he used that money to buy bitcoin.

[intoy_victor]

It has a big impact of a country that are most need in financial stability. Specially to none government employee that they much need to earn more.

Bitcoin could improve the individual people in their life status. Because instead of working in international, they could earn money even at home. They have much time to their family instead of going abroad.

[Fappanu]

What is the impact of bitcoin in a country's financial stability?

The impact for me doesn't look really huge. I mean, BTC could help people who are short in income but not the entire community. The jobless are able to earn at home and their population lessens. The help of BTC is in the statistics of poverty, besides that, those who know how BTC works benefit the most.

[armandoz]

Becaome more stable not like before. and gradually meet every needs of invidual family and less curroption because of help of the bitcoin their dream become reality and have a positive prospective and have hope in the future of their family. living in better life.

[GoodLuck2]

What is the impact of bitcoin in a country's financial stability?

Every goverment has a regulation about crypto currency and i think economic or financial in country can be unstable if the people use bitcoin or crypto currency as payment gateway like transaction in the shop.
Why? Because bitcoin has fluctuation price very fast and it's will make inflation very high in a country. I think its very dangerous.

Bitcoin had improve the country finance by giving some dollars  to the unemployed people.Bitcoin was not directly impact on country financial stability.It will indirectly help the country financial stability.Many people are earning their second salary from this bitcoin.

Economy of a country is considered stable when the importation is less than exportation meaning more product coming out than product coming in, because we are spending much dolars will cause currency I mean fiat money to divaluate.when a country were people are having much Bitcoin income it also equivalent having many dollars coming in.

This is a fact and basic economics principles that if the country really wants to be stable, it should import less products especially the manufactured ones and should export as much products as possible usually end products because they are high in demand and price as well. But there are many other factors that contribute to the stability of the country like its employment rate, literacy rate and so on. As far as role of bitcoin is concerned, it enhances economy.

[andrei56]

It is still early to tell if there is such an impact of bitcoin in financial stability of a country. The government can always make a measure like imposing regulations on bitcoin and other cryptocurrencies to to ensure that the country's financial stability will not be affected. Many government fears that because of bitcoin's decentralized feature, they can't be able to monitor any funds that comes from unknown sources like money laundering and other illegal activities that uses bitcoin. This illegal activities might later affect the economy if it is remain unchecked.

While the laws and regulation put in place are important the aspect that is really important is the application of those laws. After all they can create as many laws as they want but since they are unable to regulate bitcoin users directly then most of those laws will be useless, this is why bitcoin is going to be so difficult to regulate also they do not really fear the crimes that can be committed with bitcoin they fear the freedom that is going to give to everyone.

[jinxing]

Bitcoin affects the fositip for the state's financial stability because people slowly change lives better. Many investors participated in assisting economic stability. Corporate internet companies can get to high profits and so forth. So I think bitcoin is good for financial stability in a country.

[armandoz]

Bitcoin really help the finacial stability of country without knowing by the help of bitcoin and many people having a business and investment they are silently helping the other some are putting cooperative program to the community to returned of the help of the bitcoin and help the country to decrease the poverty and sustain needs of the people by give them a stable job. and the return is really affordable base on their income up to recover their need by small percent of payment.

[traderethereum]

What is the impact of bitcoin in a country's financial stability?

I only know bitcoin will give a good impact for personal because if someone still continues his job-related in cryptocurrency, it means that he can have a source to make money with unlimited income that he can imagine. and if many people do this at the same time, then the people's income will increase and this will solve poverty problem which we can see in many countries. and if they can solve poverty problem, then they could have a better life and they will help other people to solve their finances problem too and this means the economy of the people will increase too and this will help the country to get a good financial stability because many people right now have a new income source.

[Singbatak]

The Bitcoin is gaining significant importance throughout the world. It is now leading cryptocurrency as the years best-performing currency. But it has a crime called Money Laundering through the online black market Silk Road. So they're giving attention focused on bitcoin’s underlying payment system than on the value of the currency itself.

[piterpie]

What is the impact of bitcoin in a country's financial stability?

For example, my country does not have a stable economy, so it prohibits Bitcoin from operating on a virtual currency basis. There are a lot of places that have had to deal with the crises in Bitcoin, in my own country. Many wrong rumors about Bitcoin but nowhere ruined by it

[Agaton]

We cannot determine the impact of bitcoin on the field of financial stability in a country it is because bitcoin is not directly connected to the economic system in every country. Bitcoin is directly connected only to the people who accessed and used bitcoin and that people who earn multiple income are main source which their income can also contribute to the economic development of a country. As what i have stated above that bitcoin is not directly connected to economic system, it is because bitcoin is not under control by government, but still bitcoin contribute financial stability in a country.

[balakang00]

What is the impact of bitcoin in a country's financial stability?

The impact of bitcoin is great for those who have the financial intelligence and money to invest in bitcoin. But in general, it does not really affect the financial stability of a country. It is still depends upon the government and the people on how they will earn money.

[dragoz11]

If the country is a btc adopter than people would invest in btc and will transfer their money to that country by making the income of that country rise and the money be more and if the country is against it vice versa.

[yesuidanggan]

BTC and other digital cryptographic currencies have created new investment markets and profit models.

Some criminals will use BTC money laundering and black money trading.

This is the main reason why many governments regulate BTC.

Influence the monetary policy of the country.

[jonaire99]

What is the impact of bitcoin in a country's financial stability?

We only feel the real impact of bitcoin on economy if the government allow the full use of bitcoin into the mainstream. Legalized it fully and use it as one of the legal tender to reaps the benefits of bitcoin. On the dark side, bitcoin can also use illegally by some bad people like money laundering and it can affect a country's financial system.

[Vaskiy]

After the first quarter of the ongoing year we can get the real contribution of bitcoin in a country's financial stability. Because over an year ago Japan adopted bitcoin and the same has made them grow high in different industrial markets. With the calculations of the economic growth before adoption of bitcoin and after adoption will give the perfect result of growth because of bitcoin.

[omonuyak]

Bitcoin has making a very high significant progress in contribute to some countries economic development and we have had how Japanese governments has a great gdp growth in 2017 https://news.bitcoin.com/japans-gdp-grows-due-to-bitcoin-wealth-effect/ this is a sign that bitcoin can actually help our economic and provide jobs including solving some of the financial challenges we are having.

[Tyrantt]

Well probably close to none but imagine a smaller country where the bitcoin isn't regulated and people can avoid taxes with ease. Now let's imagine that country having 10 million people and 30% of them are using bitcoin. That's taxes of 3 million people not being payed and over time that amount piles up to quite a significant amount.

Hypothetically, that's the only way, in my opinion, that bitcoin can have an impact on financial stability of a country. Tho, I might be wrong.

[Sled]

There is no such big thing like affecting the financial stability of a country by bitcoin because i don't think that there are countries that have a majority or experiencing some bitcoin domination in their country because that is not possible and i can tell that based on my country that even there are a lot of bitcoin users here, there is no impact or effect of bitcoin in our financial stability.

[cccarnation]

Still bitcoin does no harm to financial stability cause still btc mostly is being converted to fiat money. Sooner or later this practice will come to the end and bitcoin will be used to buy and sell things and fiat money will be less and less used and this might be a threat to financial system

[serjent05]

I do not think that bitcoin wil have an effect to the financial stability of a country.  First all the transaction does not go under the regulation of the government.  Second, government (in my country) does not implement tax on the Bitcoin trades so there is no profit in every transaction created with Bitcoin.  All the effect were individual but these individual never pay tax for the cryptocurrency payment that is why I do not think that Bitcoin will have an effect on the financial stability of a country as of now.

[jose111]

What is the impact of bitcoin in a country's financial stability?

Every goverment has a regulation about crypto currency and i think economic or financial in country can be unstable if the people use bitcoin or crypto currency as payment gateway like transaction in the shop.
Why? Because bitcoin has fluctuation price very fast and it's will make inflation very high in a country. I think its very dangerous.

Bitcoin had improve the country finance by giving some dollars  to the unemployed people.Bitcoin was not directly impact on country financial stability.It will indirectly help the country financial stability.Many people are earning their second salary from this bitcoin.

Economy of a country is considered stable when the importation is less than exportation meaning more product coming out than product coming in, because we are spending much dolars will cause currency I mean fiat money to divaluate.when a country were people are having much Bitcoin income it also equivalent having many dollars coming in.

Bitcoin has a very big impact on the financial stability in one country. In every country their always monitoring their financial stability because this is the one of the very important aspects in government. It handles the many different global financial and economic crisis where in it affects the importation and exportation in one country to another. One country need a stable financial to reach what their community needs. It also effect the employment status of people. Like in other country there is a large number of unemployed citizen therefore it cause a lack of financial status of one's individuals. This will be make the biggest effect in community. As of now I personally recognized that bitcoin is the answer to the poor financial status of the community. In this way that people can earn much better and higher profit in a short period of time and because of it the unemployed status are solve. One country had a stable financial can make better things to their community and I think bitcoin is the answer for this.   

[heraldlazaro25]

What is the impact of bitcoin in a country's financial stability?

The effect of bitcoin in a country's financial stability is very good because it helps the economy to grow more and develop for it to dont experience financial problems. Bitcoin also helps to those people who use and earn it because it gives them the capability to earn their own money.

[Wonder_woman]

What is the impact of bitcoin in a country's financial stability?

I think bitcoin can cause negative effect to a country`s financial stability. Yes, maybe it can help many individual sustain their financial needs, but what if all the transactions of people who use bitcoin specially rich people and companies be done in blockchains? As we know some crypto wallet now can do transactions same as banks and we know that bank is a big factor when it comes to financial matter on a country. Bitcoin wallet now can store money and pay bills which banks are doing. So the profit of the bank may decrease and can cause negative effect to the country.

[upsidedown75]

What is the impact of bitcoin in a country's financial stability?

The impact of bitcoin is great for those who have the financial intelligence and money to invest in bitcoin. But in general, it does not really affect the financial stability of a country. It is still depends upon the government and the people on how they will earn money.

No, this will make an immense impact on economics of the country. Who tell you that it is useless until someone have business intelligence? People are laymen, only few would be having these technical skills right now, but see how amazingly bitcoins are spreading all over the world. People are trusting them for their existence. And this will ultimately effect the economic power.

[Rubble898zaitO]

I don't know much about Economics but what I can based my observations on a the lives of some people I know who are using Bitcoin. Basically, they have more financial freedom than the others, they can buy more things, properties, services and products hence that will have a positive contribution to the country's economy.

[farhaan]

Bitcoin has helped people of countries suffering from economic crisis like Nigeria,Venezuela which indirectly helped those countries financial condition to improve.

[mariah.sadio]

My opinion is that bitcoin still has no impact to the dinancial stability of a country because only few people from the community uses and transact with it. But if ever there will be that time when large population from a commumity or from a country are bitcoin users then there will be a big impact in make the financial economy of the country be stable. This is not impossible because comparing the number of users from the starter days of bitcoin until now, the percentage of the people who are already into bitcoin is getting larger or bigger day by day. I think, the impact of bitcoin to the financial stability of the country is based on how many transactions users do every day. By this, the value of bitcoin and its utilization increases because it will be in demand on the marlket and that will only be possible if a country have a larger population to engage with bitcoin.

I am one of the active users of bitcoin whom are sharing the knowledge of it to others so that I can help people and the community grow and earn profits from using bitcoin and also to support bitcoin so that earnings will not end.

[Glorious04]

The country’s financial stability no. I dont think bitcoin Has an impact but for some indviduals yes. The country as a whole does not get profit from people’s holdings of bitcoin. Who benefit from it? The holders, and the exchanges or the channels.

[19faraon88]

In our Country, its not really accept the crypto currency but the government have approved few Bitcoin Wallet to cater its country men. Because of this, we contribute to the financial stability of our country, through buying goods, wants and needs, using what we earn in bitcoin. Of course, we exchange bitcoin to our own currency before we buy something. Also, bitcoin makes a remittance medium in our country.

[dynospytan]

What is the impact of bitcoin in a country's financial stability?

Bitcoin did a big role in our country in terms of sending money from abroad. A lot of Filipino are now using bitcoin as an extra income even they are in other country. They help our country by increasing our dollar reserve by sending a money that came from bitcoin. Aside from that it is really hard to find a job here in the Philippines but thanks to bitcoin because even they didn't finish their studies they can now able to earn money by the use of bitcoin.

[01asd]

Bitcoin did a big role in our country in terms of sending money from abroad. A lot of Filipino are now using bitcoin as an extra income even they are in other country. They help our country by increasing our dollar reserve by sending a money that came from bitcoin. Aside from that it is really hard to find a job here in the Philippines but thanks to bitcoin because even they didn't finish their studies they can now able to earn money by the use of bitcoin.

I guess I can only give an opinion that a country that can see the opportunity and want to take advantage of Bitcoin will have a huge advantage. Especially with poor countries and small countries who are very expert and like to collect foreign currency. For them foreign currency is very valuable because the exchange rate is very high in exchange for local currency. I'm not sure if Bitcoin can make the country's finances stable or not. I'm also not sure if Bitcoin can affect the financial stability of a country. Clearly, Bitcoin has a big impact if properly managed by a country. Should a small country and a poor country be able to take advantage of this situation and this opportunity. Instead of banning and blocking Bitcoin.

[Ilegendph]

What is the impact of bitcoin in a country's financial stability?

Right now bitcoin has almost no impact but countries are seeing that it may have an impact in the future if the technology is adopted by a significant amount of the population, so they are doing their best to try to protect themselves from those effects, but the good news for us is if that happens then any measure they try to impose to bitcoin is going to fail and that point the budget of governments could be compromised.

I dont think so, bitcoin has a great impact in a country's economy. In fact it makes monetary system of a country weak and unstable if the people of that country uses more of bitcoins rather than local because the volume of that money becomes huge that also affects other monetary sector of the government like local currency exchange.

[entrepmind23]

As what I observed in our country, there is no major effect yet of cryptocurrencies but it is a big help for the people who are earning and/or trading it. The wage in our country is minimal so people find extra jobs/business to supplement their income and earning cryptocurrency is one of them. For those who were able to get on cryptocurrency were able to buy some wants but needs to convert to cash since bitcoin cannot be use as mode of transaction so there is circulation of money which can help the businesses and as a whole help stabilize the flow of money in our country.

[irsada]

because bitcoin is not regulated by anyone I think  financial stability of a country's to bitcoin has no effect in my country.
if for the individual is definitely very influential.

[dongyi17]

The impact of bitcoin in terms of stability and growth of ones country is huge investing, transacting, payment, saving and earning in and out of the country brought specific amount to economy for instance our loved ones abroad send remittance to their family, and those who turn bitcoin into cash and by using digital currency..if only government would realize it but then they're not seem ready yet to embrace all of it they kind a studying it.

[guoyu78]

After the first quarter of the ongoing year we can get the real contribution of bitcoin in a country's financial stability. Because over an year ago Japan adopted bitcoin and the same has made them grow high in different industrial markets. With the calculations of the economic growth before adoption of bitcoin and after adoption will give the perfect result of growth because of bitcoin.

Bitcoin can no doubt contribute in a very significant manner in order to improve the economic condition of any country. The only thing which needs to be done is the recognition of the bitcoin in a positive manner and above all taking such kind of positive steps which can promote the usage of bitcoin in any particular country. If the government take this bitcoin in a positive manner, then there are likely chances that bitcoin will improve the economic condition of that country.

[microwave]

So it is like an income price elasticity because the more people having an income the more purchases will happen. So what happen to that purchases? We all know that as long as we buy a particular product it has always a tax and that tax will go to the government to sustain the needs of our economy. So in conclusion bitcoin has a good impact to sustain a financial stability of a country.

[Ryan Tirta Permana]

What is the impact of bitcoin in a country's financial stability?

I think nothing because I live in a country where bitcoin has not been accepted as a legal payment, so if you ask the bitcoin impact on the country's financial stability I can say no, maybe in a country that can pay with bitcoin and declared legal bitcoin as payment might have an impact because the competitiveness of interest from the user itself against bitcoin.

[tannerchum]

What is the impact of bitcoin in a country's financial stability?

It gives big impact to our country. Just like for example, the people living will live a happy and comfortable life because they can do what they want in their life. Bitcoin brings happiness and financial stability of every people in the country. We consider that bitcoin gives work and can obtain knowledge and ideas about the reality goes on. If many people become rich for sure our country will be rich too. Because it add income to the economy.

[batang_bitcoin]

The impact of bitcoin to the financial stability of a country for now isn't clear as there are not that much adoption that's happening. But I'll give an example, if a country is fully supporting bitcoin and there's a regulation on the said country, financial stability of that country will become even stronger just like where they are getting taxes it's one of the best place for them to depend as an industry. And it will be even great if there are many whales who are living on that country and their balances are taxable.

[izzabel]

What is the impact of bitcoin in a country's financial stability?

Impact of bitcoin  it can help other people  to gain more money save the unemploymed help the poor people as long s they are interested  into it

[traderethereum]

maybe, for now, there are no impact of bitcoin on the financial stability of a country because bitcoin is not yet accepted in many countries. but I only know that bitcoin give a big impact on every people which involve in bitcoin world and they can have the money from bitcoin. they can try to make money from the way of bitcoin and then he can try one or more way to start collecting the bitcoin.

[ronics]

   Bitcoin provides the opportunity to be a profits and investor someday to help people make their lives even better all can buy anything that has salaries field to reach and make an insight and properly savings for the future growth with economy and further improves and expenditure of people increase though one hour to government does not look at bitcoin help but in the future is its a thing that will really make a good impact for everyone.

[andrei56]

What is the impact of bitcoin in a country's financial stability?

The impact of bitcoin is great for those who have the financial intelligence and money to invest in bitcoin. But in general, it does not really affect the financial stability of a country. It is still depends upon the government and the people on how they will earn money.

The effects of bitcoin are still small since its size is not that big and the people still trust mostly in the economies of their countries, but in countries where the economy has collapsed bitcoin is flourishing this should give to us hope that when thing go wrong people will use bitcoin to avoid sinking with their own country the same way people have used gold for centuries to avoid that fate.

[musharaf]

The bitcoin is the digital money but it has a good impact over the financial stability of a country like if we look at the financial system the money create many differences in the country economy like the if the people hold the bitcoin or crypto they will use it some time and they pay and receive on this amount some income from which the governments will receive some taxes on consumer taxes and that's why we can say that this strengthen the financial system.

[mornabo]

What is the impact of bitcoin in a country's financial stability?

It gives big impact to our country. Just like for example, the people living will live a happy and comfortable life because they can do what they want in their life. Bitcoin brings happiness and financial stability of every people in the country. We consider that bitcoin gives work and can obtain knowledge and ideas about the reality goes on. If many people become rich for sure our country will be rich too. Because it add income to the economy.

but the reality is just only few bitcoin users that exist in a countries, I know you've got better financial and economic change because of the effects of bitcoin but that does not mean only 1 individual can change the economy of a country right ? while 1 country has tens of millions of people? I think bitcoin will have an effect for economy a country when there are million people like you in your country, of course your country's economy will get better

[el kaka22]

What is the impact of bitcoin in a country's financial stability?

Bitcoin did a big role in our country in terms of sending money from abroad. A lot of Filipino are now using bitcoin as an extra income even they are in other country. They help our country by increasing our dollar reserve by sending a money that came from bitcoin. Aside from that it is really hard to find a job here in the Philippines but thanks to bitcoin because even they didn't finish their studies they can now able to earn money by the use of bitcoin.

Sending money from abroad does not really have anything to do with financial stability anyway, it is just one of the great advantages of bitcoin and the idea of cryptocurrency which makes us not to have any border barrier in spending or making transactions, considering what has been imposed by the government usually.

However, regarding financial stability, that depends on the government and a government that is not able to financially stabilize normally as a result of corruption or bad dealings, I see no way bitcoin can change that.

[prtty2gal2]

The country’s financial stability no. I dont think bitcoin Has an impact but for some indviduals yes. The country as a whole does not get profit from people’s holdings of bitcoin. Who benefit from it? The holders, and the exchanges or the channels.

Unless the country in itself decides to adopt the usage of bitcoin and created awareness for it and then a huge percentage of the population believe in the idea of making use of it and then it ended up increasing the economy of the nation with the global adoption and increase in value, there is really no other way I see that it can affect the financial stability of the economy and this is in the sense that the government is not corrupt anyway because at the end it all balls down to the government.

[portotoi]

Bitcoin has a big impact on the financial stability of a country. Bitcoin gives people a chance to be a financially stable, if more people in a country uses and working in the crypto currency, then it will be a good result to the countries economy. Because no more poor anymore and everyone has the capability to pay their own taxes and that helps the country to earn more funds.

[KrisAlex18]

What is the impact of bitcoin in a country's financial stability?

It depends on how a certain country use bitcoin. If they are using bitcoin in solvong all of their financial problems, then the economy of a countty will surely went well. If they are using bitcoin for illegal transactions, bitcoin will negatively impact them that's why in order to gain more benefit in bitcoin, they should use it more often in the right things with a good intention.

[longskie0327]

Well I guess of bitcoin in the financial stability of a country is huge impact or effect abecause when a country  adapt it then all the transactions, payment, purchasing and all that will be done through electronic technology...paper money then will be no use and current currency will facing difficulties and chaos where will the paper money go...

[Kemarit]

Well I guess of bitcoin in the financial stability of a country is huge impact or effect abecause when a country  adapt it then all the transactions, payment, purchasing and all that will be done through electronic technology...paper money then will be no use and current currency will facing difficulties and chaos where will the paper money go...

You are talking about Japan. But you have to remember that it is one of the most highly developed economy, which equate to being in the top 3 of the world's purchasing power parity. So I don't think that we can used them as case study on the impact of bitcoin in the countries economy. I think we should look at how the third world countries is being affected by it. I will assumed though not much impact to their economy and if there is, it s small contributory factor. What's positive though is that the people are really the winning here. They have enjoyed more purchasing power, because they have earn so much from crypto that most of us have financial freedom today.

[Ranly123]

What is the impact of bitcoin in a country's financial stability?

It will basically give financial freedom to the population and with this the economy of a country will grow. People will earn so do as the nation if cryptocurrency is regulated because the government can claim taxes on every transactions done in cryptocurrency. Though financial stability is not a big concern with regards to the economic growth because of the volatility of bitcoin but it can give boost to the economy.

[neonshium]

In our Country, its not really accept the crypto currency but the government have approved few Bitcoin Wallet to cater its country men. Because of this, we contribute to the financial stability of our country, through buying goods, wants and needs, using what we earn in bitcoin. Of course, we exchange bitcoin to our own currency before we buy something. Also, bitcoin makes a remittance medium in our country.

Just very few people if I am right will be making use of bitcoin right now and unless it is on a large scale compared to the population of your country, I do not see how the effect on the economy will play out positively. Sure, some of you guys (relating this to other countries as well), will be doing well for yourself, and that is it.

If in the long run, the awareness grows, there is a major impact, more rich people are created who in turn creates businesses and jobs for the non-users, and then we may say that can affect somehow.

[pureclckr]

What is the impact of bitcoin in a country's financial stability?

I think nothing because I live in a country where bitcoin has not been accepted as a legal payment, so if you ask the bitcoin impact on the country's financial stability I can say no, maybe in a country that can pay with bitcoin and declared legal bitcoin as payment might have an impact because the competitiveness of interest from the user itself against bitcoin.

Yeah, most of us really cannot testify to that yet since we actually have a very few percentage of the population adopting it. However, if we take a close look at Japan as a case study, we must have seen the changes it has brought based on the news I read recently on how their GDP increased just by adoption and regulation of cryptocurrency over the few months in last year, so I guess we just have to assume that on a large scale of adoption in the country, it should have some impact.

[carlisle1]

If you have money, you can avail and buy whatever you wanted and needed. In this case, your money will go through the cycle in the economy. If a lot of people has a capability, therefore all of these money will go through which will results to good stability of money in such country.

so where's the bitcoins involvements there?thats cycle youre pointing is the fiats contribution to economy,but for me bitcoins impact is when the people of every nations involves in cryptocurrencies and their lifes get wealthier,in that sense they are capable of providing financial needs for the families without the help of governments in that case they became stable and so the country too

[acener]

What is the impact of bitcoin in a country's financial stability?

I think bitcoin has a huge impact on the financial stability of a certain country, because of this they will be able to balance the needs of the people in terms of money. It has already been proven that bitcoin can indeed reduce the percentage of poverty in a certain country because it is not that complicated to invest and earn using it.

[denny27]

In my country, it hasn't been seen at all that bitcoin is supported, bitcoin is really still illegal and is not allowed as a medium of exchange in the payment process, because it's still feared will disrupt the country's financial system.
Well I guess it depends on the governments of each countries too against bitcoin, if indeed it's legal., I think it will not disturb the financial stability of a country because it has been prepared efforts to regulating on bitcoin using.

[cherrymobile]

What is the impact of bitcoin in a country's financial stability?

We prioritized bitcoin and it is said to be popular to different countries .In financial stability this bitcoin has a  lot of contribution to our country. Through using of bitcoin lots of Us are earning big value of money. It also used as payment system.

[Naficopa]

In my opinion, the impact of bitcoin on the economy is still very small. Until it is accepted as a universal payment system like in Japan, it will not change. It changes the economic status of individual people at most.

[shezu007]

In my opinion, the impact of bitcoin on the economy is still very small. Until it is accepted as a universal payment system like in Japan, it will not change. It changes the economic status of individual people at most.

Good, mate mentioned in above comment that impact of bitcoin on economy is low yes that true but if a country can accept bitcoin as legal currency then i am sure many will start getting bitcoin by various methods like some will start trading , some will start investing etc so through this way if your country can get more bitcoin then it means your country have ot more money and money will surely affect your economy.

[Arroware]

For me the effects of bitcoin for the community can help their economy, because for them bitcoin easily get easier profits, so for them bitcoin is very helpful to their economy.

[YzzyGo]

A country can actually be rich with bitcoin transactions if they plan to tax them. Hopefully they don't tax us too much else they loose a lot when people starts to evade paying them.

[bitcoinmasterlord]

In my opinion, the impact of bitcoin on the economy is still very small. Until it is accepted as a universal payment system like in Japan, it will not change. It changes the economic status of individual people at most.

Good, mate mentioned in above comment that impact of bitcoin on economy is low yes that true but if a country can accept bitcoin as legal currency then i am sure many will start getting bitcoin by various methods like some will start trading , some will start investing etc so through this way if your country can get more bitcoin then it means your country have ot more money and money will surely affect your economy.

I think it's already impacting country economy but not much. I agree bitcoin is not accepted in many countries but Bitcoin investment and bitcoin trading are legal in all countries. most of the all big shots in the country they all invested in cryptocurrency so indirectly it is affecting the country economy that is why all governments are taken this very seriously.

[Juliedarwin]

What is the impact of bitcoin in a country's financial stability?

There's a lot of terms of money.. Money can buy anything you wanted to have. Just like bitcoin, if you have it you can actually have an opportunity to become rich. Bitcoin is easily get profits, and it's very helpful for many people use of it.

[zhea]

I think it has an impact on the countrys economy, but for now it does not directly gives effect to the country but to the people who are engage with bitcoin. Many lives change because of bitcoin, people given a chance to make an extra income out of engaging bitcoin and it really helps a lot. Lives become better because of their earning from btc, they can afford to buy their daily need and suatain their expenses because bitcoins give brighter opportunities to earn.

[android17]

What is the impact of bitcoin in a country's financial stability?

If Bitcoin will use in a perfect manner, we can probably benefit from it. Specifically, we can have more opportunity to buy our needs and our wants more easily and without hesitations compared to our outlay from our previous source of income like our jobs. If all the government will be more open about this current issue, and allow this new currency to run, we can probably change or even improve our way of living as well as our economy. 

[goku1525]

What is the impact of bitcoin in a country's financial stability?

If Bitcoin will use in a perfect manner, we can probably benefit from it. Specifically, we can have more opportunity to buy our needs and our wants more easily and without hesitations compared to our outlay from our previous source of income like our jobs. If all the government will be more open about this current issue, and allow this new currency to run, we can probably change or even improve our way of living as well as our economy. 

Bitcoin has a big impact in our lives and who are living in the world with crypto because we can develop our economy grow and change our economy status ,this is for the peoples sake.Definitely we can benefit for this and improve our status in life. This cryptocurrencies is for all people who really need a reliable income and a good future. It is definitely effective to the people who have positive thoughts on bitcoin.

[jesh2206]

The China is the closest participant after The United States with the percentage of participants 29 percent. After that the third country is United Kingdom come with the participants 16 percent. That is the fewer amounts but definitely it is rising the percentage will increase with more participants and investors. China has the biggest impact on the trading of Bitcoin because it has more exchanges and is technologically savvy country

[Pendularin]

What is the impact of bitcoin in a country's financial stability?

If Bitcoin will use in a perfect manner, we can probably benefit from it. Specifically, we can have more opportunity to buy our needs and our wants more easily and without hesitations compared to our outlay from our previous source of income like our jobs. If all the government will be more open about this current issue, and allow this new currency to run, we can probably change or even improve our way of living as well as our economy. 

Definitely it has a great contirbution and impact for the country it will surely improves economy grow .Although bitcoin is not acceptable of some countries with their governments but bitcoin transaction continue spreading good information and continue helping people who are interested on bitcoin. Its always allow to run the currency in order to continue helping people who are in needs.

[fiulpro]

Largely the trading in bitcoin doesnot impact the countries economy allot because of the fact that its not some company sitting there or some physical entity to look upto. Its a coukd money and people are putting their money onto it. Yes if the amount of investors is really very high and everyone around is investing in bitcoin and nowhere else then that might shake the economy because all the money is going in some anamolous digital currency which is super unpredictable and volatile.

The other part of the story is that if government wants to regulate these crypto currencies, for example the government imposes tax over bitcoin income or profit then it can be a goof source of revenue for the  government. Anyways when users exchange their bitcoins or any cryptocurency to their local money, it gets into curculation and radar of government and automatically becomes taxable.

Only problem that might arise is when more and more people invest in huge amounts in digital cyrrencies and co-incidently it crashes. That woukd drain allot of money out of circulation and make no value out of it. That can impact the economy in a negative way.

[Jaemouns]

What is the impact of bitcoin in a country's financial stability?

If we can make money because of bitcoin there is a big impact of our society because we release and income because of bitcoin.And it that soo our society will be progressive because the money we cash out will bring to our country.

[ylnar123]

What is the impact of bitcoin in a country's financial stability?

When you invest in bitcoin then you will probably earn and then buy and sell in the market which is taxed by the government. Then your tax will be distributed to all branches of the government and will be added to the financial statement of the country. Every transactions being done online or in traditional trading has a big impact on the financial stability of the country so as bitcoin which gives a high volume og money to those who invest.

[andrei56]

Bitcoin has a big impact on the financial stability of a country. Bitcoin gives people a chance to be a financially stable, if more people in a country uses and working in the crypto currency, then it will be a good result to the countries economy. Because no more poor anymore and everyone has the capability to pay their own taxes and that helps the country to earn more funds.

No, bitcoin can offer great opportunities to particular people like us but bitcoin does not have the size to affect the economy  and the stability of a country negatively or positively, but for the people like us bitcoin offers opportunities that could not be available otherwise, which is one of the reasons I'm very happy I discovered bitcoin when I did.

[BitcoinBallerina]

Bitcoin has strong financial implications on a country's financial stability as most of the money that the government would have taxed are freely flowing in bitcoins under the protection of blockchain. the revenue earned through taxes are there fore reduced and can have a negative effect on the states financial strength.

[Reez]

What is the impact of bitcoin in a country's financial stability?

When you invest in bitcoin then you will probably earn and then buy and sell in the market which is taxed by the government. Then your tax will be distributed to all branches of the government and will be added to the financial statement of the country. Every transactions being done online or in traditional trading has a big impact on the financial stability of the country so as bitcoin which gives a high volume og money to those who invest.

]

Most governments aren't interested in the earnings that you come use in the taxable market, they want to directly tax BTC which is impossible due to its decentralization police.These taxes along with inability to tax on investors is what makes the government consider BTC a threat to its financial stability

[Iblis 02]

for the time being has not significantly affected the financial stability of a country, it is possible for the country that experienced the theft has only greatly affected the decline in financial turnover in the country that experienced it, but if taken from a positive side in the long term must be very influential for the progress of a country.

[rosepetals]

What is the impact of bitcoin in a country's financial stability?

In a country consist of its people and when people has stable financial income the country would be very progressive where there were no financial crisis,crimes,huge poverty problems and most families would have assurance in their future.Bitcoin has a great potential if we get involved with it.It can help every individual in changing their way of living for the better.

[queenlaurel]

Bitcoin is helping the economy to grow, making people to be independent. People will be capable of buying andsellin at their own convenient time. Bitcoin will be helping the economyto grow if properly accepted.

[Rrotess]

What is the impact of bitcoin in a country's financial stability?

In my country i'm assure that as of now it cant really a big impact because few of us only knows about bitcoin.But even if it cant be a big impact for my country but to myself i'm proudly saying that it can change my life to be financially and mentality wiser in terms of earning bitcoin.

[Jerald]

The effect of bitcoin especially on our country is that some of the people here have bitcoins, and I know that it can have a bigger impact on other countries by spreading it to everyone.

[JerryJam]

High activity in the cryptocurrency market carries certain risks for the country's economy. It is the financing of terrorism and money laundering. But at the same time, governments direct their efforts not to restrict the cryptocurrency market but to subdue it and dictate their rules. I think digital currencies do not pose a threat to the economy and currency system of the country.   they threaten a monopoly on the right to credit and earn profits.

[qwertyup23]

What is the impact of bitcoin in a country's financial stability?

In a country consist of its people and when people has stable financial income the country would be very progressive where there were no financial crisis,crimes,huge poverty problems and most families would have assurance in their future.Bitcoin has a great potential if we get involved with it.It can help every individual in changing their way of living for the better.

Due to bitcoin's decentralised and volatile nature, the government are skeptical about its implementation in the society. But personally, the positive implications that bitcoin bring outweigh the negative implications. It provides an opportunity to all the public into earning alternative income. In fact, I see it as an equalizer among the society as no one is hindered from investing into it. The only thing that you need is for someone to have an initial investment (for the ones who can) or at least knowledge about cryptocurrencies (for signature campaign purposes).

[danim1130]

What is the impact of bitcoin in a country's financial stability?

I guess it is not affected at all.. the government is not believing in the cryptocurrecy bitcoin because they are making money in banks right. so they have their own money which they use to the financial project. meaning to say financial status doesn't affected at all.

[Arngrim]

There could be a big problem when it grows more.
If you go through history one big problem that happened in US was people were not spending their money.
Now, same could happen with other countries. If all are just invested then there wont be any fiat circulating in one country.
In that case they will be forced to create another batch, making one currency lower its value.

[0t3p0t]

What is the impact of bitcoin in a country's financial stability?

Our taxes what makes it sense when it comes to impact of Bitcoin in our economy as central banks and governments regulated local exchanges which of course will deduct a portion of fees including tax that which we contributed. It may not be a big impact these days but in the future as the crypto community is increasing in a specific country then contributions and impact will soon be as high as what we have today.

[Barley Hertog]

Business Insider experts thinks that Bitcoin's gonna rise Japan's GPD by 0.3%. This is a forecast, though http://uk.businessinsider.com/bitcoin-could-be-adding-03-to-japanese-gdp-2017-12

[queenlaurel]

The effect of bitcoin is on the positive side,  it helps the financial stability of a country, by helping people earn coins they could change and make a good amount of money from it. Bitcoin in this case increases  in helping the people in the economy.

[plaintiff77]

This is quite a very good source of income of everybody. Then this mean this has great impact to a certain country. This is helpful to make a country even more progressive. Let us believe in bitcoin that this is a blessing. It can lift up a certain country's economy to be better as time passes by. When time comes everything about bitcoin will have fees, the more a country gest richer.

[radjie]

The impact bitcoin from every country especially financial problems can be said into the form of positive side so many people who feel their needs are met because with the bitcoin can help overcome their finances let alone bitcoin can be an alternative source of income for everyone who uses.

[Rajamuda]

I think it depends on each country, because after all.. it's not only the citizens are benefited or can improve on the economic's side. The countries that can adapting well on crypto.. of course it can make the country more advanced and more directing it to a more positive things to be able to take advantage of all the advantages of bitcoin/crypto to advance the country.

[paynercash]

Bitcoin gives opportunity for income and investment which later helps people to make their lives even better, they were able to buy things that their salaries failed to reach and can make such a good savings for their future with this the economy also improves and the expenditure of people increases though by this time most government don't see the help of bitcoin but in the future this thing will really make a great impact

Bitcoin helps the economy in a more developed, convenient country to pay, secure, and protect against a nation's inflation. Minimize the amount of cash flow outside. But they are also disadvantageous because they help criminals carry out money laundering, money transfers for terrorists, etc. Because Bitcoin accounts are anonymous.

[Fretcy]

Bitcoin helps in improving the economic conditions of the world by providing a source of income to those who work for the bitcoin community and provide products and services in exchange of bitcoins. The early users or early investors of bitcoins are millionaires of the time, the bitcoin technology has changed many people's lives and it helps in eliminating poverty and unemployment issues of the economy as there are various ways to earn bitcoins and by doing freelance jobs in exchange of bitcoins which will help in the financial stability of the country when all are able to earn something from the bitcoin technology free of financial burden.

[nl247]

The effect of bitcoin is on the positive side,  it helps the financial stability of a country, by helping people earn coins they could change and make a good amount of money from it. Bitcoin in this case increases  in helping the people in the economy.

I want to believe the financial stability of the country is going to be dependent on the adoption of it. So far, it seems from the look of things and what the news has been telling us, Japan seems to be doing pretty great since last year when they took the bold step every other country was afraid to take and their GDP has grown as a result of that and with that boost, I am sure a lot of other countries may start having a rethink. https://news.bitcoin.com/japans-gdp-grows-due-to-bitcoin-wealth-effect/

[andrei56]

What is the impact of bitcoin in a country's financial stability?

When you invest in bitcoin then you will probably earn and then buy and sell in the market which is taxed by the government. Then your tax will be distributed to all branches of the government and will be added to the financial statement of the country. Every transactions being done online or in traditional trading has a big impact on the financial stability of the country so as bitcoin which gives a high volume og money to those who invest.

]

Most governments aren't interested in the earnings that you come use in the taxable market, they want to directly tax BTC which is impossible due to its decentralization police.These taxes along with inability to tax on investors is what makes the government consider BTC a threat to its financial stability

This is the biggest issue for governments, they can tax you indirectly when you convert your bitcoin to your local currency that is when they realize you have bitcoin, but they have no way to know how much bitcoins you have in store, and that is why it's bothering them they want to be able to tax your bitcoins directly but since they do not have control of the network they are unable to do so.

[upsidedown75]

Bitcoin gives opportunity for income and investment which later helps people to make their lives even better, they were able to buy things that their salaries failed to reach and can make such a good savings for their future with this the economy also improves and the expenditure of people increases though by this time most government don't see the help of bitcoin but in the future this thing will really make a great impact

Bitcoin helps the economy in a more developed, convenient country to pay, secure, and protect against a nation's inflation. Minimize the amount of cash flow outside. But they are also disadvantageous because they help criminals carry out money laundering, money transfers for terrorists, etc. Because Bitcoin accounts are anonymous.

Yeah, it totally depends on each country and most especially on the level of adoption. For example, we cannot compare the level of adoption in Japan and the way they are doing pretty well with the present 0.3% boost in GDP within a short period they regulated it to the country where just few people are trying to make an ends meet and doing well for themselves. In that case a general financial stability for the country is dependent on the adoption.

I read in some news that bitcoin already had an impact on the GDP of Japan since it was regulated. Whichever way, I believe this would be the case anyway considering that Japan has decided to regulate and allow people to go about their crypto trading business as long as they stick to the rules and the laws of the government while they get the benefit from it as well. So at the end, it becomes a mutual benefit and everybody wins.

[tats14]

What is the impact of bitcoin in a country's financial stability?

well for me , the impact of the countries financial stability is not bad, because bitcoin can help a lot of people and the economy of a country.

[genocide]

What is the impact of bitcoin in a country's financial stability?

With the help of bitcoin, the country will survive it's financial condition because it has many things to offer like giving income to those who are participating in all transactions involving bitcoin as it is well known to be the fastest way and the most popular cryptocurrency in the industry. It can reduce also the percentage of unemployment as some of the people who knows how to access and have a knowledge in doing signature campaign like this will have an income and become financially stable and it all reflects in the stability of a country with regards to financial condition.

[setupbounds]

The impact bitcoin from every country especially financial problems can be said into the form of positive side so many people who feel their needs are met because with the bitcoin can help overcome their finances let alone bitcoin can be an alternative source of income for everyone who uses.

The fact that we can even see the little effect on some of us as we are trying our best to earn some, buy some and hold, and much more, things have been changing for a lot of people.

New traders are born every day, a lot of people who are smart are making use of every opportunity available to them and they are doing good than they would have imagined normally, so putting this on a large scale, the effect would definitely be great.

[barbara44]

I think it depends on each country, because after all.. it's not only the citizens are benefited or can improve on the economic's side. The countries that can adapting well on crypto.. of course it can make the country more advanced and more directing it to a more positive things to be able to take advantage of all the advantages of bitcoin/crypto to advance the country.

If we take a look at the people in this forum alone and how some people have been able to make use of the opportunities around them, and from the knowledge some have gained, have been able to use what they have to get the best, then we can say that the impact of bitcoin on financial stability is very possible. Now if we are talking about mass adoption within a country, then the effect would be available on a large scale within the country.

[andrei56]

Bitcoin gives opportunity for income and investment which later helps people to make their lives even better, they were able to buy things that their salaries failed to reach and can make such a good savings for their future with this the economy also improves and the expenditure of people increases though by this time most government don't see the help of bitcoin but in the future this thing will really make a great impact

Bitcoin helps the economy in a more developed, convenient country to pay, secure, and protect against a nation's inflation. Minimize the amount of cash flow outside. But they are also disadvantageous because they help criminals carry out money laundering, money transfers for terrorists, etc. Because Bitcoin accounts are anonymous.

Yeah, it totally depends on each country and most especially on the level of adoption. For example, we cannot compare the level of adoption in Japan and the way they are doing pretty well with the present 0.3% boost in GDP within a short period they regulated it to the country where just few people are trying to make an ends meet and doing well for themselves. In that case a general financial stability for the country is dependent on the adoption.

I read in some news that bitcoin already had an impact on the GDP of Japan since it was regulated. Whichever way, I believe this would be the case anyway considering that Japan has decided to regulate and allow people to go about their crypto trading business as long as they stick to the rules and the laws of the government while they get the benefit from it as well. So at the end, it becomes a mutual benefit and everybody wins.

It will be very interesting to see if bitcoin has already affected the GDP of Japan since its regulation because it will show that bitcoin is a lot stronger and more powerful than a lot of people thought it will show that adopting bitcoin was the right choice for Japan as they need new ways to collect taxes and new industries since they have a huge national debt to pay.

[traderethereum]

The impact bitcoin from every country especially financial problems can be said into the form of positive side so many people who feel their needs are met because with the bitcoin can help overcome their finances let alone bitcoin can be an alternative source of income for everyone who uses.

maybe for the country, the impact of bitcoin is not too big but for the people, they feel that from bitcoin, they have a big chance to make money and they can have another additional income from bitcoin. and if they still try to work in bitcoin, they can earn an unlimited income which they can use for their daily needs. and once many people trying hard with bitcoin, their finances could better then maybe the country will get the impact and this will reduce unemployment in that country.

[marcbitcoins]

What is the impact of bitcoin in a country's financial stability?

If Bitcoin will exist in a certain country it will help the economy to become strong and stable because Bitcoin will reduce the unemployment which is the most common problem of all nations. If the former unemployed will earn thru Bitcoin the purchasing power of the people will increase making the economy to become more stable and prosper.

[Wipeout2097]

Bitcoin is the positive indicator in financial stability of country.Government will realize that Bitcoin is part of economy and its legal form will make more contribution in financial stability and economy of the country.Bitcoin transactions are safe and secure no need third party and paper work,Bitcoin also reduce the expenses as compare to fiat money.

[KomodoStrikes]

What is the impact of bitcoin in a country's financial stability?

The impact will be positive, IMO.
Consider Japan's stand on embracing bitcoin and the blockchain technology.
Even if they are already a progressive country, they still adopt bitcoin because they know it will push their country's economy even further.

[nano77]

What is the impact of bitcoin in a country's financial stability?

for the country may not have so much impact but for people in bitcoin certainly have a big impact, their finances get better and they have a better life too

[Casabrandy]

Bitcoin is the positive indicator in financial stability of country.Government will realize that Bitcoin is part of economy and its legal form will make more contribution in financial stability and economy of the country.Bitcoin transactions are safe and secure no need third party and paper work,Bitcoin also reduce the expenses as compare to fiat money.

For now , Governments were not into it as we see many still not accepts it or in doubt of its capabilities, maybe in ICO, but soon when they see how blockchain can change the transactions for better, that's when the effect can be seen and will be a factor of a country.

[andrei56]

What is the impact of bitcoin in a country's financial stability?

The impact will be positive, IMO.
Consider Japan's stand on embracing bitcoin and the blockchain technology.
Even if they are already a progressive country, they still adopt bitcoin because they know it will push their country's economy even further.

I think the impact of bitcoin will be different in each country, in Japan the effects are going to be very positive because they have decided to take a step forward and be one of the countries with the biggest adoption of bitcoin around the world, but I think that in other countries there will be a negative impact, why? Because money will begin to flow outside of those countries to go to countries that are accepting bitcoins like Japan.

[zanzay]

The virtual world will be an important part of the future of the world, including the people of Indonesia. Sooner or later Bitcoin and altcoin will play a role in the economy. There is a need for in-depth study and research on this to develop macroprudential instruments and indicators to detect digital currency susceptibility to the financial sector. And this is already part of the task of the government in maintaining the stability of the Financial System. In many countries the presence of digital currencies such as Bitcoin still invites pro or contra debate. Part of the bitcoin counter is a threat to conventional money and closely related to monetary. For some who pro think Bitcoin is tantamount to a regular currency because it has value and the same function

[traderethereum]

Bitcoin is the positive indicator in financial stability of country.Government will realize that Bitcoin is part of economy and its legal form will make more contribution in financial stability and economy of the country.Bitcoin transactions are safe and secure no need third party and paper work,Bitcoin also reduce the expenses as compare to fiat money.

For now , Governments were not into it as we see many still not accepts it or in doubt of its capabilities, maybe in ICO, but soon when they see how blockchain can change the transactions for better, that's when the effect can be seen and will be a factor of a country.

I think, for now, the government don't want to talk much about bitcoin so they can investigate about bitcoin by secret without public know what they do. but soon, after bitcoin spreads more in many places and many people interesting with bitcoin, the government will announce the statement about bitcoin and they are finished to learn and studying about bitcoin. and in that time, we can feel the effect of bitcoin and at least, people can have another source to make money.

[atjiat]

What is the impact of bitcoin in a country's financial stability?

The impact will be positive, IMO.
Consider Japan's stand on embracing bitcoin and the blockchain technology.
Even if they are already a progressive country, they still adopt bitcoin because they know it will push their country's economy even further.

I think the impact of bitcoin will be different in each country, in Japan the effects are going to be very positive because they have decided to take a step forward and be one of the countries with the biggest adoption of bitcoin around the world, but I think that in other countries there will be a negative impact, why? Because money will begin to flow outside of those countries to go to countries that are accepting bitcoins like Japan.

Undoubtedly, if some countries legalize the crypto currency, then others will be forced to do the same. The fact is that financial relations between countries have a very strong influence on political relations and I think that this will only lead to positive consequences.

[OrangeSeller]

Bitcoin is the positive indicator in financial stability of country.Government will realize that Bitcoin is part of economy and its legal form will make more contribution in financial stability and economy of the country.Bitcoin transactions are safe and secure no need third party and paper work,Bitcoin also reduce the expenses as compare to fiat money.

For now , Governments were not into it as we see many still not accepts it or in doubt of its capabilities, maybe in ICO, but soon when they see how blockchain can change the transactions for better, that's when the effect can be seen and will be a factor of a country.

Blockchain technology is very helpful for Bitcoin and its users to buy and sell easily with no doubts and no any other agreements it just takes you to transact to whom or buy from whom? All these transactions are due to the availability of Blockchain technology. If countries adopt it fully then Bitcoin demands will increases and thus its price will also grow.

[Adamant06]

The effect of bitcoin is on the positive side,  it helps the financial stability of a country, by helping people earn coins they could change and make a good amount of money from it. Bitcoin in this case increases  in helping the people in the economy.

Whether this is a bubble, destined to collapse, or a sign of a more radical shift in the concept of money, the implications of bitcoin and other cryptocurrencies for central banking and financial stability will be profound. There is no telling how far this trend will go. Technically, the supply of cryptocurrencies is infinite.Demand is related to mistrust of conventional stores of value. If people fear that excessive taxation, regulation, or social or financial instability places their assets at risk, they will increasingly turn to cryptocurrencies.

[abayan]

Maybe for now, we cannot see the impact of bitcoin on the financial stability of a county since bitCoin has just been so famous this last few years. But I must say that people who had been involved in this investment becomes financially stable that therefore somehow affect the country where they belong.

[andrei56]

What is the impact of bitcoin in a country's financial stability?

The impact will be positive, IMO.
Consider Japan's stand on embracing bitcoin and the blockchain technology.
Even if they are already a progressive country, they still adopt bitcoin because they know it will push their country's economy even further.

I think the impact of bitcoin will be different in each country, in Japan the effects are going to be very positive because they have decided to take a step forward and be one of the countries with the biggest adoption of bitcoin around the world, but I think that in other countries there will be a negative impact, why? Because money will begin to flow outside of those countries to go to countries that are accepting bitcoins like Japan.

Undoubtedly, if some countries legalize the crypto currency, then others will be forced to do the same. The fact is that financial relations between countries have a very strong influence on political relations and I think that this will only lead to positive consequences.

I really hope you are right because this can be an unfavorable influence as well, what if many countries begin to ban bitcoin and they begin to pressure Japan to do the same then Japan despite having a likeness for bitcoin and thinking that is a good idea that can help their economy decide to follow other countries just because they do not want to get in trouble.

[Linggis]

The use of Bitcoin can have a good impact if a country allows its citizens to use Bitcoin as a means of their transactions.
In economics, more and more people are using bitcoin in transactions and investments so bitcoin will also be increasingly used, so the stability of a country will also be good because the economy is going well.

[golem999]

if I consider the blockchain technology as the birth of Bitcoin, it becomes one of the government's opportunities to be able to compete with other countries in terms of technological innovation as well as real financial freedom. Like the internet, no entity controls Bitcoin that offers transparency and privacy.

[sserge009]

I think that the market is not yet big enough to have a real impact on the economy of the country. While the influence of crypto is more ideological than economic. The situation is changing rapidly and may soon be the bitcoin rate will affect the stock exchange as well.

[Fedrey]

To be honest, I generally can not understand How this summer can affect the stability of the country's financial system. That in a specific and individual case, for every person of his family, it is quite possible and the probability of helping crypto currency to a person is always very large. But the media always voiced the statement of officials that the crypto currency is for the state almost very dangerous.

and nevertheless the crypto currency generates huge investments in various spheres of human life. This is a very good opportunity for the state. And as for taxes, taxes are practically the only way to fill the state budget.

[Aladdino]

Depends on the side that is seen, it has not really been invested in a massive way as in other countries like Spain, but somehow here has worked for the purchase of products abroad or through the internet, the utility that can be given is same anywhere in the world.

[btctestcolets]

The impact on the financial stabilty of a country are many people will earned which there tokens are converted into fiat and goes through merchants. Good opportunity it bring for the people without permanent jobs. Good knowledge it brings and made to the people know more about stocks exchange which it is good for the country to boost the economic stabilty if all its people are earning.

[cotton ball]

will be an added value if bitcoin can be used effectively by the majority of people in their country, developed countries are always dominated by people who understand the stock market, and if that person can actively support it, stability will be locked better, the controversial level will experience subtraction because it is part of the system and only takes a fraction of it for minor cases.

[justspare]

To be honest, I generally can not understand How this summer can affect the stability of the country's financial system. That in a specific and individual case, for every person of his family, it is quite possible and the probability of helping crypto currency to a person is always very large. But the media always voiced the statement of officials that the crypto currency is for the state almost very dangerous.

Media is something that is least trusted by wise people. We all know that there are maximum news channels which are private and they are often paid to run a particular kind of content. This is nothing new for news channels to present what is not real. They do what governments want them to do most of the times. We shall not trust these channels blindly and do our own research especially regarding crypto.

[bitcoinmasterlord]

To be honest, I generally can not understand How this summer can affect the stability of the country's financial system. That in a specific and individual case, for every person of his family, it is quite possible and the probability of helping crypto currency to a person is always very large. But the media always voiced the statement of officials that the crypto currency is for the state almost very dangerous.

Media is something that is least trusted by wise people. We all know that there are maximum news channels which are private and they are often paid to run a particular kind of content. This is nothing new for news channels to present what is not real. They do what governments want them to do most of the times. We shall not trust these channels blindly and do our own research especially regarding crypto.

You are right, nowadays media will play any news if you pay them money, they will not think whether it is right or wrong just they will take money and telecast. Today they will tell crypto is illegal suppose tomorrow if anybody gives money immediately they will start talking positively about cryptocurrency. media became a full commercial because people blindly believe what they telecast.

[Rustamm]

What is the impact of bitcoin in a country's financial stability?

In my opinion, bitcoin does not have much influence on the financial stability of the state in the event that it walks in the country along with national money. If bitcoin was used instead of national money, then it could completely disbalance the economy by its volatility in the price. The features of the behavior of bitcoin depend on the specific situation and the specific country in which it is located. As yet, the influence of bitcoin on the country's economy and on its stability has been little studied.

[BitcoinMarketer39]

What is the impact of bitcoin in a country's financial stability?

The growth of bitcoins is really affecting those banks because most of the people choose to invest on cryptocurrency because it was more profitable more than placing their money on banks and earn a small amount of increase yearly.

[Norihiro]

In today's reality it will damage it of course, economics is not ready for it's active usage.

[andrei56]

I think that the market is not yet big enough to have a real impact on the economy of the country. While the influence of crypto is more ideological than economic. The situation is changing rapidly and may soon be the bitcoin rate will affect the stock exchange as well.

Right now the effects of bitcoin are limited to the individuals level, some people have changed their life completely thanks to bitcoin but it is still not enough to impact the lives of so many individuals to have an effect all across a country but I think we are getting close to that day the only thing we need to do is for the lightning network to be activated and then the adoption will come on its own.

[adpinbr]

Bitcoin gives opportunity for income and investment which later helps people to make their lives even better, they were able to buy things that their salaries failed to reach and can make such a good savings for their future with this the economy also improves and the expenditure of people increases though by this time most government don't see the help of bitcoin but in the future this thing will really make a great impact

I agree with you. many people specifically the government doesn't consider bitcoin as a help at economic growth but if they look harder the success of an individual will also help the economic growth of a country.

[fluctuations]

Bitcoin gives opportunity for income and investment which later helps people to make their lives even better, they were able to buy things that their salaries failed to reach and can make such a good savings for their future with this the economy also improves and the expenditure of people increases though by this time most government don't see the help of bitcoin but in the future this thing will really make a great impact

I agree with you. many people specifically the government doesn't consider bitcoin as a help at economic growth but if they look harder the success of an individual will also help the economic growth of a country.

I do not think so . For me personally, I learned a lot from this market, and when I invested I would get a profit. But who do not know much about bitcoin, do you think they will make a profit when investing? And how many people have invested in bitcoin? With people learning more about the market, I agree that they will be profitable, but not everyone is learning before investing.

[ov3rflow9x]

Bitcoin is improving the countries financial statements, by giving some money to the unemployed people. Btc wasn't directly impact on country stability, only indirectly help the usual people

[Sowik]

It is like... none. The only thing it may do is get the country some taxes but so far I think most of the non US people avoid paying taxes with BTC.

[DarkIT]

It is like... none. The only thing it may do is get the country some taxes but so far I think most of the non US people avoid paying taxes with BTC.

well, I do not think there's any impact in that, because all the bitcoins will be converted into fiat form, and of course that will affect the economy of the country for the better. but somehow, so many things are still confusing from this.

[BitcoinCommodor]

Bitcoin is improving the countries financial statements, by giving some money to the unemployed people. Btc wasn't directly impact on country stability, only indirectly help the usual people

That becomes a direct relation in other words. Like if a person was once unemployed and he was taking money from government for his living. Now, bitcoins have helped him to earn some money from signature campaigns or anything else, he is getting to be wealthier day by day. So he will be starting paying taxes and the ultimate help will be made from this person to the government, hence increase stability at individual level.

[BlockEye]

Bitcoin is improving the countries financial statements, by giving some money to the unemployed people. Btc wasn't directly impact on country stability, only indirectly help the usual people

That becomes a direct relation in other words. Like if a person was once unemployed and he was taking money from government for his living. Now, bitcoins have helped him to earn some money from signature campaigns or anything else, he is getting to be wealthier day by day. So he will be starting paying taxes and the ultimate help will be made from this person to the government, hence increase stability at individual level.

That's why some  country finds way to bans it or still studying it on how they can benefit from it besides the taxing when converted in fiat, they knew that when the holders investors just decide to cash it out that will be the only time they can be taxed them, and know how smart some investors are they might not cash it out in their country or use anywhere else, So government need to supports it in aproper way starting to a individual , to their community to their country , so we can see how crypto will help as long as the government supports it.

[kimochidesh]

What is the impact of bitcoin in a country's financial stability?

The digital currencies such as Bitcoin may not pose major concerns at their current levels of use, more serious financial stability issues may result if they achieve wide-scale usage. Many countries of the world have this opinion. But the reality is that Bitcoin helps the individuals to earn more and thus spend more. This brings more money in circulation which is actually good for the economy.

[petrobit]

While bitcoin is not yet able to affect the economy of the country. The market is still very young and is still more occupied with internal formation. Perhaps giving bitcoin a legal status will change the situation.