How are your governments reacting to Bitcoin?

[Momoamzad]

It is feeling so sad when people fail to understand the bitcoin . our government think that bitcoin is illegal that have no tax issue so they banned it already. It is really a poor thinking because many unemployed people like me. Are living their livelihood by using bitcoin.

[gigatux]

In our country where when we buy things there is always a tax partnered with it. Our government is now paying a lot of attention in bitcoin since it is said that 8million php were withdrawed last year due to cryptocurrency. Our banks are now studying it well whether we should legalized it or how they can control it. currently, there were a lot of changes in the way we transact which means that it is now one of the main priorities of our government.

[yytcoin]

Hello there... I am from India, and Bitcoin is still in the grey area here. It is not legal, but it has not been declared illegal either. But the government has explicitly stated that Bitcoin is not recognized as a legal currency here.

The government is still working on deciding a framework for it, but we have absolutely no idea about what its verdict will be. So, people here are trading in Bitcoin for short-term gains. Make hay while the sun shines!

How are your governments reacting to Bitcoin and what's its position in your country?

Hello friend, I'm from China. My experience is just like yours, my country has not figured out how to define bitcoin anymore.
Therefore, my country chose a neutral position, neither recognized nor legalized Bitcoin nor declared it illegal , but I am willing to wait until China fully accepts bitcoin's day.

[BitcoinHunt3r]

Hello there... I am from India, and Bitcoin is still in the grey area here. It is not legal, but it has not been declared illegal either. But the government has explicitly stated that Bitcoin is not recognized as a legal currency here.

The government is still working on deciding a framework for it, but we have absolutely no idea about what its verdict will be. So, people here are trading in Bitcoin for short-term gains. Make hay while the sun shines!

How are your governments reacting to Bitcoin and what's its position in your country?

in my country bitcoin asset is not illegal yet, but bitcoin transaction is illegal,it means it can't be used as payment. i think my government only want their people secured. but i think they wouldn't ban bitcoin in my country Indonesia

[Lago_V]

In Ukraine, The National Bank said that bitcoin is not a currency.

[blinchain]

I think most countries will accept bitcoin after 2018 because they will know the potential of cryptocurrency worlds and they will only issue corresponding laws and regulations instead of excluding cryptocurrencies and we look forward to that One day, not far from us.

[frery]

Hello there... I am from India, and Bitcoin is still in the grey area here. It is not legal, but it has not been declared illegal either. But the government has explicitly stated that Bitcoin is not recognized as a legal currency here.

The government is still working on deciding a framework for it, but we have absolutely no idea about what its verdict will be. So, people here are trading in Bitcoin for short-term gains. Make hay while the sun shines!

How are your governments reacting to Bitcoin and what's its position in your country?

We have a similar situation here in our country,our government did not declared bitcoin as illegal nor banned it but warn us the possible circumstances of bitcoin because of its risk and non stable value or volatility that may experience by its users.But as a whole our government embrace the new currency 'cause it have some aspects that is handy for the governments people.Though our central banks not yet declared of accepting bitcoin but i think theres a possibility that they will come up with some positive resolution of this matter.

Very sympathetic to you, my country is very enlightened, my country is very friendly to bitcoin, and I can buy some products in bitcoin, hoping to see the legal day that your country announces bitcoin.

[pawanjain]

Hello there... I am from India, and Bitcoin is still in the grey area here. It is not legal, but it has not been declared illegal either. But the government has explicitly stated that Bitcoin is not recognized as a legal currency here.

The government is still working on deciding a framework for it, but we have absolutely no idea about what its verdict will be. So, people here are trading in Bitcoin for short-term gains. Make hay while the sun shines!

How are your governments reacting to Bitcoin and what's its position in your country?

I can feel you bro as I am from India myself and it is really a pain in the ass knowing that the government is still not accepting bitcoin as a legalized cryptocurrency. Besides that they are conducting raids on the IT companies related to cryptocurrencies and the major banks seizing their accounts is another issue. With so much of negativity in the air, it really feels difficult to trade crypto in this country. But I do believe there is a real good scope for crypto in the future which is why I wont give up on it.

[vinc3]

Hi. I am from Philippines and currently is accepting and trying to regulate bitcoin and other altcoins. As of of this writing 12 more exchanges are on the time of screening of BSP (BANKO SENTRAL NGP PILIPINAS). I really all goes well and soon enough will make our country the most crypto-friendly nation. I just also hope that our corrupted officials can't overlook the crypto nation for they will surely gonna take advantage of it.

[onpages]

Hi! I am from Indonesia. So far, there is no policy about bitcoin in my country. it seems the government feels bitcoin is still safe. Btc is in grey area also, not legal but also not illegal.

hi friends ,, i heard news in your country that bitcoin is banned by the government starting in 2018. is this news correct? hopefully you can answer it as citizens of Indonesia.
This is a link for that news.
http://ekonomi.kompas.com/read/2017/12/06/070000726/bi-larang-bitcoin-ditransaksikan-di-indonesia-mulai-2018

[onpages]

I think most countries will accept bitcoin after 2018 because they will know the potential of cryptocurrency worlds and they will only issue corresponding laws and regulations instead of excluding cryptocurrencies and we look forward to that One day, not far from us.

Yes, the government only needs to review the potential of the world of digital currency. so they will be able to accept bitcoin in their country.
however, once 2018 is over I think it's still too fast for bitcoin to be accepted in many countries. because I think cryptocurreny technology will indeed succeed in the long run. it is my prediction because everyone in this world needs internet and understand the technology to use digital this currency.

[Denker]

Hello there... I am from India, and Bitcoin is still in the grey area here. It is not legal, but it has not been declared illegal either. But the government has explicitly stated that Bitcoin is not recognized as a legal currency here.

The government is still working on deciding a framework for it, but we have absolutely no idea about what its verdict will be. So, people here are trading in Bitcoin for short-term gains. Make hay while the sun shines!

How are your governments reacting to Bitcoin and what's its position in your country?

In my country Bitcoin is seen as private money.
Therefore it is not illegal and more and more businesses are getting build by using the Bitcoin protocol.
However that doesn't mean that the government is liking BTC. They love Blockchain, which they want to see built in a centralized way so they have the control. Therefore I'm pretty sure they new laws to restrict the access and use of BTC will happen at some point in time. And this country I'm speaking of is Germany!
As this state turns more and more into some kind of socialism regime I wouldn't be surprised to see much stricter laws within the next 2-3 years. Especially if Bitcoin continues gaining momentum and the Government feeling the pressure. Bitcoin will sooner or later seperate money from the state as it is pretty normal in the western world that religion and state are separated from each other.
But governments will try to fight against that as hard as they can of course. So this won't be a free rise for us.

[LogitechMouse]

I'm from Philippines and I am glad that the Government especially the Central Bank of the Philippines accepts bitcoin in our country. They accept bitcoin here but they don't promote it thou because they know that its too risky because of the volatility. They support it but they don't promote it.

[Angna27]

Well here in our country they haven't yet accepted bitcoin formally they still wondering and studying it, its pros and cons they even told investor to just please be cautious of investing in it, not until they're ready to it and secure what's in it, but bitcoin using are slowly spreading and becoming more aware of it.

[Seeker#9]

The central bank here in our country responded with a caution over the use of bitcoin by some retail investors despite the bank accepting stance of the cryptocurrencies. It believes that bitcoin should be use as a payment or remittance rather  an investment asset.
They are also planning to create regulatory standards for the bitcoin and other cryptocurrncies.
Last year, the government first issued regulations and guidelines for the local bitcoin industry as  bitcoin transactions grew to almost double digits before the yearend.

[bitcoinveda]

Governments are about to regulate bitcoins for tax collection and KYC updates most of under developing country are trying  are worried how to regulate bitcoins

[Ms Emi]

In our country bitcoin is not yet formally legal but they don't consider it as illegal, our central bank though issued a warning for every individual or group who will used or invest there money on cryptos, losses and scam events encounter during this times will be shouldered  by them and there selves alone.

[Erza]

It is feeling so sad when people fail to understand the bitcoin . our government think that bitcoin is illegal that have no tax issue so they banned it already. It is really a poor thinking because many unemployed people like me. Are living their livelihood by using bitcoin.

They already understand it and because of they do not get the benefit, most of developing country will ban it for sure. Their reaction is they can't control the market because many of them are not really opened to government about their tax. But with regulations I am sure this will become great changes but the problem is, will bitcoin still exist when our government trying to rule it by regulating our bitcoin and make it transparent?

[Aztek]

Hello there... I am from India, and Bitcoin is still in the grey area here. It is not legal, but it has not been declared illegal either. But the government has explicitly stated that Bitcoin is not recognized as a legal currency here.

The government is still working on deciding a framework for it, but we have absolutely no idea about what its verdict will be. So, people here are trading in Bitcoin for short-term gains. Make hay while the sun shines!

How are your governments reacting to Bitcoin and what's its position in your country?

very similar to the situation here, that bitcoin to date has not been legalized as a currency. the government only appealed to the public that if we trade with the digital currency this should be vigilant because it has a big risk.
really hope, in the long term bitcoin will be accepted throughout the country.

Same here in my country, Bitcoin has been rolling here ever since, but not yet declared as a legal currency nor illegal. But, there is no reported restriction on its operation. National media announces warnings not on bitcoin it self, but on fictitious sites that are riding bitcoin's popularity to get money from other people illegally.

[Dontme]

Hello there... I am from India, and Bitcoin is still in the grey area here. It is not legal, but it has not been declared illegal either. But the government has explicitly stated that Bitcoin is not recognized as a legal currency here.

The government is still working on deciding a framework for it, but we have absolutely no idea about what its verdict will be. So, people here are trading in Bitcoin for short-term gains. Make hay while the sun shines!

How are your governments reacting to Bitcoin and what's its position in your country?

My Government is not like yours. It is not yet legal but it is not also illegal since we do transaction with bitcoin freely with no doubts and free. But other banks here already reacted on bitcoin they keep on warned people through news, tv or news papers but our government is not yet reacted on it. I think if they give reaction it will become positive since they see a lot of people who are involved in bitcoin that has better improvement in their lives.