How are your governments reacting to Bitcoin?

[weblaraveluser]

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?

Actually, cryptocurrency is really good for people if they are planning to invest on it because the price is keep on increasing at the market as the time goes by so obviously, everyone who invest a huge amount will really get profit in the end of the day.

[Aryadwipanggah]

if I think the government in my country seems to react neutrally to bitcoin, because my government does not ban bitcoin keep circulating in my country if only as an asset, but the government forbids bitcoin if used as a medium of payment of a transaction of goods

[laracastvue]

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?

Governments on countries has different presidents and they are the one's who are deciding if cryptocurrency will be legal or not. I hope that every country has the same mind set as japan so that people could enjoy the wealth that cryptocurrency is giving to us.

[CuteBaby123]

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 already recognized the benefits and uses  of bitcoin not as a currency but an investment. Ours also promote the investmemt in bitcoin as an alternative way of generating income. To support this, our country has developed a wallet in which you can directly convert cash to bitcoin and ethereum and vice versa.

[doblok]

until now it is the government in my country does not question the presence of bitcoin because it can provide good benefits for our country's economy and the state of bitcoin is still safe and many people who use it as a source of income

[Jeepney_koh]

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 country already supports bitcoin. It has been encouraging people to invest also in cryptocurrency but they have to take the risks. It is not illegal here because you can even encash bitcoin in banks and a lot of people are doing bitcoin.

[shulio]

When the price is at 20K level the Turkish Government want to regulate it, but after the prices declined, they changed their minds and not talking about it nowadays.

[untidyaudi4]

Govt of any nation could as much as ban in their ow. country fluidity even though people wouldn't cease trading illegally I think

[thaitea.deluxe]

The government in my country not fully banned bitcoin. they still allow bitcoin to circulates.
but they prohibit to use bitcoin as a payment. Trading with bitcoin and other crpyto is allowed.

[lazaretcookery3k]

As far as I know a country like Canada hasn't even banned btcs but have favoured its complete fluidity in their country so its just great if I am true ofcourse

[West0813]

Here in our country our government is not making a move to ban bitcoin. Our government just keep telling the people to take precautionary measure towards bitcoin. So that they don't lose money if something happens to bitcoin.

[De Suga09]

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, the Philippines, my government doesn’t really care about bitcoin. They don’t have any idea about it and if there is, I think the legalisation of bitcoin is not their priority.

[PM.coins]

in Indonesia my beloved country, the use of bitcoin does not very much in your country where in my country there is no legal rule in writing governing the use of bitcoin, but the appeal to not use bitcoin has been announced which means bitcoin in Indonesia is not illegal but also has not been legalized , for that to be my current concentration is how to get as much bitcoin as possible and get a profit of magnitude from bitcoin.

[Rubble898zaitO]

From where I came from, Bitcoin is not yet legal and is not illegal as well. Our government acknowledges the good things that it can bring to their people but also reminded us about the risks for possible illegal activities like fraudsters and scammers. But slowly we are adapting to Bitcoin some establishments are starting to accept Bitcoin as payment, we also have Bitcoin ATMs already. Our government are already on the drafting process for the regulations for Bitcoin. I can say it is indeed a great start for Bitcoin in out country.

[hygroscopicgymnasium3]

RBI in India officially warned people of the potential dangers but I don't think they would completely ban it

[baeva2]

 In my country, the government legalized the crypto currency, mining and ICO. Mining is not considered an entrepreneurial activity, and tokens are not subject to declaration.

[otandelapaz]

Our government are accepting the technology with open arms. Government agencies that are connected with this type of things are now studying on how the public can benefit from cryptocurrency and also studying things on how it cannot be use for illegal activities.
Public officials are also planning to pass law with regards to it. Well-known businessmen are now getting involve in crypto too, like launching ICOs and such. I hope this will go well so we could benefit from the technology and profit it offers.

[bayupermana]

Our government are accepting the technology with open arms. Government agencies that are connected with this type of things are now studying on how the public can benefit from cryptocurrency and also studying things on how it cannot be use for illegal activities.
Public officials are also planning to pass law with regards to it. Well-known businessmen are now getting involve in crypto too, like launching ICOs and such. I hope this will go well so we could benefit from the technology and profit it offers.

Wow, i'm really some kind of shocks when i did hear that there are exist a goverment that has an open arm , using all the convenients of Bitcoin with all their heart. It's really nice for you also to live in that country because i saw they adopted it also. I think your country must be Japan, the country where people are welcoming the new technology , not being afraid of it.

[great0ne]

My government not know what Bitcoin is hhh

[@Hakermania@]

In my country, for the moment, the btc is ignored. The government lets it and prepares itself to promulgate a law. Perhaps the authorities are waiting for some other country to issue legislation to be inspired by it.