The impact of bitcoin on the financial stability 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.