How are your governments reacting to Bitcoin?

[tiktak89]

The government is going to tax bitcoin, but so far this law has not entered into force, which means it has not yet been officially recognized.

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[moetimas]

this is exactly what I experienced in my country. the government only allows bitcoin to become an asset and not as a means of payment, if known someone has made a payment transaction with bitcoin, then the person will be ensnared by law. so right now, I can not do much with the bitcoin I currently have.

[buldogers]

I'm from Philippines. The government here is very open to the idea of Cryptocurrency, In fact they're regulating it for a better purpose so that no scams or money laundering will happen in the future, also the Bank of the Philippines accredited just two bitcoin platforms one of it is the Coins.ph.  

[Santaffic]

Think positive govt is also trying to protect us from becoming vulnerable to cyber crimes by not legalising those cryptoz.

[cozytrade]

In our government they are not totally aware of what it bitcoin is  they are not also aware what bitcoin can do to change a persons life. Im looking forward that bitcoin will be legalized in our country and I hope that our president will aprrove bitcoin because I know bitcoin really helps many netizens especially when they know how to transact it

[SparkSun]

Our government reactions for bitcoin is positive .Most of the governments in the countries, where are no regulations regarding crypto do not recognize crypto es currency, they do not wont to take responsibility for any risks which there citizens might take.

[Boknoi321]

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.

I Haven't heard any government officials reacted to bitcoin, I think those government officials is on study in how btc work and what benefits they can get to it. We have the same situation they don't say that it is illegal and there are no report or news that it is illegal. Whatever government reacted to it lets all hope that it has good condition.

[plr]

So far here in our country The Philippines our government has a positive outlook on Bitcoin, in fact, we have a local currency exchange where you can exchange your bitcoin to local currency or use it to pay our bills or load our prepaid cell phone I'm glad our government has this kind of attitude towards Bitcoin.

[Kostyan4ek]

For ours-its good tool for manipulation of people. Some day thay set up positive, some day negativ.
And its a very good tool for corruption, becouse of that bitcoin is very usefull in our gov))
Any bribe in btc is not crime... perfect country with perfect lows)

Im from Russia...

[iamevsandiamcrealifer]

our goverment wants us to pay them taxes for bitcoin 

[Gontxi]

in my country, bitcoin is not well received, but not illegal. we can still engage without problems with the law and the relevant authorities. So, I'm still always involved in Crypto and will be up anytime. I'm sure, the next 10 years will be many countries that will adopt crypto as its advancement of the era of digital technology.

[Opnsrc]

In my country, skepticism and pessimism still circles around bitcoins and cryptocurrency.
There are a few who recognize bitcoins, it's gaining more popularity since it reach high
last year but it's more likely to be low profile. The government hasn't proclaimed it legal
and it seems it's stuck on the idea that bitcoins are still a questionable topic despite it's
wide popularity and high priced value. There are no real updates while other countries are
positively apprising information on the subject.

It is unbelievable thing that some modern countries are expressing sceptical attitude to cryptocurrencies. I don't believe in it. Authorities must to understand that blockchain and digital currencies is a future way of development.

[Hudadahuda2018]

We are in a situation similar to yours. The country does not formally recognize bitcoin, but it's not entirely forbidden, but they tell people the high risk of investing in bitcoin, advising people not to participate. But recent changes may be prepared because many countries accept bitcoin slowly.

What you say is similar to the situation in my country, that the government in my country does not recognize the existence of bitcoin in the country itself but the government advises people to choose their job let alone the government does not prohibit the existence of bitcoin as long as there is no element of fraud and even manipulate the local community.

[PricelessBing]

I think even though govt try to impower the btcd the fiat lobbies will oppose as their interest will be cutoff otherwise

[joms123]

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?

Here in Philippines’ Securities Furthermore trade requisition (SEC) need Reported that it may be recognizing steps with authorize the utilization about advanced currencies in the nation Eventually Tom's perusing classifying them Concerning illustration securities. Those move goes taking after those money related regulator’s issuance for regulations for those cryptocurrencies in Bitcoin prior clinched alongside 2017.

Those puppet times accounted that sec chief Emilio Aquino expressed over a news gathering to late november 2017 that those ever-enduring arrangements with Think as of virtual currencies Similarly as securities something like that that they could be controlled under the country’s administrative code.

[Fairy_90]

In China, Bitcoin has been hit hard by the government's strict policy of control. While China has at one time had more than three-quarters of Bitcoin's total global trading volume, the government has been eager to cool down speculative fever. The latest measures seem to be the most serious. All Bitcoin transactions ended indefinitely at the end of October. Some in the Chinese Bitcoin community believe business will continue after the annual meeting of the National People's Congress taking place in mid-October - but there are no clear indications of that.
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[garen21]

ours here in the philippines wants our government wanting bitcoin because it helps many Filipinos and taxpayers also have a bitcoin tax so they do not get it here in the philippines if they are more promoting it so much more it will help the Filipinos here in the Philippines.

[jhache]

the reaction of various governments on Bitcoins are different, some countries like Japan, Singapore and Azerbaijan  has stood has legalized and recognize bitcoins while others like china  and Iceland still have issues with recognizing BTC, My government too seems not to have a stand on BTC, its neither legal nor illegal

[WordDeckTuch]

No govt of any country would favour btcs as they are against the economic ethic of the authority

[Xester]

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 bitcoin here in my country is somewhat legal.  Because banks, cash remittances and even convenience stores are using bitcoins.  We can pay for bitcoins to these establishments using bitcoin.  But the government still warns us to atleast be cautious in trading and investing with bitcoin.