jkinit2125
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NTOK: Tokenize Your Talents
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January 29, 2018, 10:44:24 PM |
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In the Philippines, we have what we called the BSP, Bangko Sentral ng Pilipinas or in English, its the Central Bank of the Philippines. This is the one who regulates the circulating money and all banks in our country. With these, as bitcoin was launch, bitcoin however bavk way then was considered illegal. There are some people who were caught and put to jail. But years later, BSP has slowly accepting it. Lately, it has produced a memorandum presenting the BSP's consideration of bitcoin as not legal and not illegal one. But warns the Philippine Bitcoin Community the risks it may entail.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Hudadahuda2018
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January 29, 2018, 10:54:36 PM |
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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.
Yes it is true what you say it, in Indonesia bitcoin problem there is still no policy concerning the existence of bitcoin but bitcoin still running even in Indonesia even though there is still no policy from government. |
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heninur
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January 29, 2018, 10:54:54 PM |
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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?
Same with my country, bitcoin is still gray, not necessarily the rules, whether prohibited or allowed, as long as there is no ban from the government then we will continue to utilize the best time, even if there is a fear of itself if sudden bitcoin banned in my country I confused imagine this incident, what I will do next. |
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Justin Dowman
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January 29, 2018, 11:20:36 PM |
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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?
Our government uses crypto-currencies to legalize its revenues. Like this ! |
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khaled0111
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Merit: 2845
Top Crypto Casino
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January 29, 2018, 11:31:52 PM |
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Well, my government didn't take any act against Bitcoin, I think they don't know what Bitcoin is  Maybe I am lucky, because if they know about Bitcoin they will ban it. The first thing that my government will do is to implement taxes in every transaction you will make. |
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Kingofbitcoin12345
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January 29, 2018, 11:36:49 PM |
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If India has that bitcoin status as you described then good to hear because that is the most common standing in majority of nation around the world and my country belongs to the same category.. But some gives/build a policy about regulation on some portion of the transaction of exchanges,, most of the time they’re under the surveillance of the financial agency that runs behind the central banks and financial institutions for security of investors..
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kasansa
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January 29, 2018, 11:38:58 PM |
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Actually Indian government has taken many U turns regarding bitcoin before.I think that they were confused a little bit. At last, banks have started to close accounts which they suspect to have link with bitcoin earrings.
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arlington
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January 29, 2018, 11:43:15 PM |
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in my country the government don`t discuss too much about bitcoin they have just told the population that if you trade btc be careful and bear their risks by yourself.
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pelipurlara
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January 29, 2018, 11:50:31 PM |
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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. in my country government, you have not legalized this crypto currency as a means of buying and selling transactions, but until now there is no ban on holders of this crypto currency, maybe because my government can not regulate bitcoin growth or because there is no tax for bitcoin, then the government has not legalized bitcoin currency |
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OninLoki
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January 29, 2018, 11:53:21 PM |
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As off now Philipines government Cryptocurrency regulations is focus upon articulating a juridical framework for the operation of cryptocurrency exchanges, in addition to providing an inclusive regulatory apparatus for cryptocurrency-based remittance services. Despite local press describing the Philippines’ stance toward bitcoin as “a first of its kind in Asia”, the regulatory apparatus developed appears to be limited in its scope.
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Maxre
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Activity: 812
Merit: 120
https://combonetwork.io/
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January 29, 2018, 11:53:29 PM |
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in my country every bitcoin transaction is not banned but using bitcoin like the currency of the state is clearly prohibited.
and most importantly the government in my country is not responsible for the losses incurred with bitcoin investments.
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Sir Cross
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January 29, 2018, 11:56:12 PM |
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It was first wary or cautious of bitcoin and I guess it was mainly because they lacked knowledge about it and first heard about how people got scammed because of bitcoin or other cryptos. They were first neutral when the government of my country did not make any drastic actions but when bitcoin and crypto became even more popular just last 2017, it is slowly starting to accept the presence of bitcoin and exchanges in the country. Since there are numerous users in my country, our government's going to have to adopt bitcoin in the future in order to cater to the citizens.
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machinek20
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January 30, 2018, 12:20:54 AM |
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In my country still in supervision, the statement said that bitcoin is not legal to be used for transaction payment inside the country but its okay to used it for trading, and being warned to not keep bitcoin for investment, it will just the matter of time for the government to regulate bitcoin, I think most of the government in the world will make decision either ban or regulate bitcoin this year
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chacha66
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January 30, 2018, 12:32:29 AM |
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In the UK they goverment arnt saying much except taxes will need to be paid at some stage but they haven’t finalised how or when . They have given warnings about ICOs which is to be expected. Some ICOs awere acting completely inappropriately and illegal so thats no surprise. But not too much in the way of banning crypto here.
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Spanopohlo
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Aim High! Bow Low!
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Yeeah well, Im from the country with the same status as you, neither legal or illegal in many sense but the news have said its commentaries and feedbacks from what is bitcoin or the cryptocurrency to them. At first they say all the positive things to it, having secure, fast and effortless transaction, Profits in trading and the buy and sell, but at the latter part of the report they said a lot of negatives and the root word was that, bitcoin is a "Scam". A lot was infuriated but time pass and no news and updates are on the roll now.
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Bonsaiav
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January 30, 2018, 12:56:42 AM |
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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?
Similar to my country Indonesia, Until now the Indonesian government has not been able to provide clear regulation. The 'existence' of bitcoin is not recognized (hanging). The Indonesian government takes firm action against any bitcoin adopters, whether banks, shops or individuals. And bitcoin is strictly prohibited, if used as a means of payment. |
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Ray3z
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January 30, 2018, 01:10:57 AM |
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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?
Same thing happen in my country. Government has declared bitcoin can not be used as payment in offline shop or other merchants. Government does not forbidden me to use bitcoin as investment but they always warn me that bitcoin is dangerous volatile investment. |
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switzerland44
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January 30, 2018, 01:15:47 AM |
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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 think a lot of politics in Russia will turn their corrupt assets to bitcoin  But unfortunately in Russia is it also in the grey zone. |
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Vannie12
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January 30, 2018, 11:19:27 AM |
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In our country, it is said and stated that it is legal to use bitcoin. But Bangko Sentral of the Philippines does not support any other coins because they do not have back ups for other commodities.
And I think banks was the one declared it's use so that they will be the one to be consulted about bitcoins. In short, they will be in charge of everything that will be involved with bitcoin.
Like what they have said, if someone wants to use bitcoins in their business, people should contact them first for the requirements.
For sure it's for the taxes.
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curry101
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January 30, 2018, 11:47:21 AM |
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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?
The same situation in our counrty. Bitcoin is both not legel and not illegal. Banks and government in my country recognize bitcoin but they doesnt accepts bitcoin as a payments and it is not a source of income. Because the believe it is some kind of money launderin and it is a scam. So they keep telling in the news not to invest in cryptocurrencies coz it is a bubble that will vanished anytime. |
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