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Author Topic: Government on legalising bitcoins  (Read 515 times)
anna12345
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February 25, 2018, 06:52:03 AM
 #1

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
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February 25, 2018, 08:25:04 AM
 #2

In the coming timegovernments will fight bitcoin and will make it illegal since they can not control the block chain and the will lack their authority and big part of their capital
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February 25, 2018, 10:50:39 AM
 #3

I also heard of that and saw in an article that some countries wants to legalize bitcoin by creating their own cryptocurrency that will governed by the government therefore taxes maybe imposed to all transactions. I think the root cause of this maybe it was alarming to the banks that in the future all their depositor will only save and transact through bitcoin because currently in bitcoin there are no central or middleman to all transactions so that low fees and penalties are more favorable than the banks.
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February 25, 2018, 12:41:33 PM
 #4

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
Definitely they will do not for the sake of country's development but for the development of their own wealth because many countries politicians are mainly involved in the corruption so they will make money out of everything that's why they are trying to implement taxes on bitcoins too.

But if they use that taxes in the right way then it will be great source to develop that country but 30% is very high so they have to implement the taxes at the affordable rate for both citizen and the country.

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February 25, 2018, 12:58:50 PM
 #5

This is good if the intention are for the sake of their people but we all know how government rule one country. I think its better to have a detailed law about this that can surely protect investors and the businesses. Legalizing is indeed what we need instead of banning cryptocurrency but hopefully we can see more transparent government regarding on this matter.

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February 25, 2018, 03:21:11 PM
 #6

Maybe you are late of the page well actually some countries are already doing legal matters about bitcoin regarding legalizing, regulation and the tax they will imposed on it, some have already have their own regulations and some are still in the process at least we are all having a positive feedback about it although not all country were open for this.

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February 25, 2018, 04:54:07 PM
 #7

Well, in fact, there are several countries that are doing the bitcoin legalization and are also taking into account the regularization of taxes, an example would be Venezuela, which is already taking the cryptocurrency as a form of monetization and the entrepreneurs of the country named should give a sum of your earnings for that currency

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February 25, 2018, 08:56:27 PM
 #8

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
Definitely they will do not for the sake of country's development but for the development of their own wealth because many countries politicians are mainly involved in the corruption so they will make money out of everything that's why they are trying to implement taxes on bitcoins too.

But if they use that taxes in the right way then it will be great source to develop that country but 30% is very high so they have to implement the taxes at the affordable rate for both citizen and the country.
Legalizing to put a tax on Bitcoin? They can't even control it. It is impossible to put a tax to any persons that's using Bitcoin, but they can implement such at any exchanges to put a tax to any person that is trying to convert their crypto currency to fiat currency. Not everyone in the country could pay the 30% tax, it is a bit high 'cause that exchanges take 30% to your crypto. I would rather find a low rate exchanges than to give 30% of my precious crypto to someone.

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February 25, 2018, 09:03:31 PM
 #9

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

I think most serious bitcoin users would not like to see any sort of governmental involvement in bitcoin or crypto.
Bitcoin was invented as a means to eliminate the need for any other parties to be involved other than a BUYER and a SELLER.
Ok bitcoin has become more than a means of paying for goods and services between two people,
it is now an investment commodity like any other stocks and bonds etc. but regulation is not necessarily a good thing.
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February 25, 2018, 09:18:47 PM
 #10

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

Exactly. Their economic growth would seriously be booming if they do legalise. The turn over would be more than they get from their local fiats. More over, their citizens lives would be more enriched and they wont depend on their government. All will be independent in earning and gathering wealth. Government would be at peace not worrying on employment given to its citizens. The country would live poverty free. Hope my government soon gets into crypto currencies platform.

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February 25, 2018, 09:31:26 PM
 #11

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
The governments are aware that they can come up with great potential of resource with bitcoin.

But you know what makes them worry? The use of bitcoin can be abused by people who are dealt with illegal activities, that's the only thing they know with bitcoin.

They are only aware that its only used for illegal activities but once they understand that bitcoin isn't only for that thing, they will adopt it soon.

Spread of good news is quick, when big countries or state start accepting bitcoin on their jurisdiction, others will simply follow.

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February 25, 2018, 11:22:34 PM
 #12

Cryptocurrency can really help one country to be a better nation, this kind of technology is what we need right now to transact easily everywhere in the world. Legalizing cryptocurrency is a great move of every government, yes they can collect taxes but we as an investor we are confidently invest before we know there's a regulatory body that can protect us from the exchanges and a specific project.

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February 25, 2018, 11:28:16 PM
 #13

there are countries that prohibit its trading because their national currency might collapse because of bitcoin and some countries prohibits the use of cryptocurrency because of the ICOs, there are a lot of fraudulent and simply scam ICO happened in the past that's why their government stepped in and took an action against that.
I believe there are many reasons for cryptocurrency being band in some countries but there are more than countries that allows its trade because they know that it is good for their economy.

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February 25, 2018, 11:38:12 PM
 #14

there are countries that prohibit its trading because their national currency might collapse because of bitcoin and some countries prohibits the use of cryptocurrency because of the ICOs, there are a lot of fraudulent and simply scam ICO happened in the past that's why their government stepped in and took an action against that.
I believe there are many reasons for cryptocurrency being band in some countries but there are more than countries that allows its trade because they know that it is good for their economy.

That's right government are trying to protect its citizen from being scammed since we all know how risky this market is. But I believe it is still good to legalized bitcoin Instead of banning it because even big countries support this thing so its time for other countries to study further about this growing technology so we can fully enjoy the benefit of this.

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February 25, 2018, 11:39:58 PM
 #15

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

In other words, you encourage the government to continue to rob people of their hard earned money and thus coins. I am in Bitcoin to actually try to distance myself from a system that forces people to pay tax over and over again, where authorities are known to not be shy of using harsh methods to claim what they believe is theirs. If you as government want to stimulate people to pay tax out of free will, at least lower the tax rates to such a degree, that you as government don't have to come after people. Main point of importance is that people try to avoid paying tax for a reason, and that reason is the legal form theft from the side of the government.

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February 25, 2018, 11:44:53 PM
 #16

I believe, crypto will be regulated, and regulated heavily at least in the most developed countries. Those, who are successful in they way, will survive and strive, the weak ones will fall, and not as much, because they are week, but more because they won't be able to sustain paying taxes on crypto.

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February 26, 2018, 04:07:22 AM
 #17

I believe, crypto will be regulated, and regulated heavily at least in the most developed countries. Those, who are successful in they way, will survive and strive, the weak ones will fall, and not as much, because they are week, but more because they won't be able to sustain paying taxes on crypto.

Yes, it is going to be another good sign of they starts legalizing the Bitcoin because they can easily control the flow of scam ICO and governments can easily protect the people not to invest in scam ICO. Ofcourse there are many good ICO but I am not blaming.

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February 26, 2018, 11:32:40 PM
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I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

Adapting bitcoin and other currencies will certainly enrich the economic condition in each country. The citizens of each country would be more independent on his /  her own wealth. The employment becomes much easier and is made ease to the government. My country is working on with RBI team to launch a new coin. This follows by one of the business men launching his own cryupto currency. Lot more goods would take place when crypto currencies are adapted by each government.

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February 26, 2018, 11:47:17 PM
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Every government has to look at crypto currencies' benefits and adapt them especially bitcoin. Though adaption would indirectly reduce their local currency value, it would enhance the lives of their citizens. The economy would seriously boom up. Everyone would be more satisfied with the money they earn from bitcoin or from crypto currencies. Even from adults to anyone can earn bitcoin.

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February 27, 2018, 03:15:20 AM
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It’s true that by imposing taxes, the government would be able to generate revenue and possibly use it to develop the country however the bitcoin users may not agreee and would possibly be against the idea of having taxes imposed. Also, the government will have a hard time imposing this because they have no control over crypto or the blockchain unless they choose to regulate exchanges or the income of bitcoin users. The bitcoin users may then either hide their cryptoholdings or choose not to have it converted to fiat at all and just hold their coins.
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February 27, 2018, 04:14:35 AM
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I agree with the government to cooperate with bitcoin, I agree the government by imposing more than 30% tax, provided the government must protect its citizens from being scammed, because we all know how risky this market is.
so we will all feel safer again.

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February 27, 2018, 06:02:45 AM
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I agree, bitcoin is the next generation of currency, and there are so many advantages that we can get if the government legalized bitcoin, more job opportunities and more chances for people earning extra income is going to increase a lot of people economics life, and it will be very helpful for the third world country to prevent more poverty

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February 27, 2018, 08:42:46 AM
 #24

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
Legalising bitcoin can only be possible if the government understand about it support the cryptocurrency system. I believe that before they will going to support it they as government will create their own cryptocurrency to have an access to every bitcoiners or cryptocurrency holders for tax purposes. They will impose it by exchanging first bitcoin into their own crypto before it will exchange into fiat or anything. By this they can be successful for controlling the crypto holders but still not the bitcoin.

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February 27, 2018, 10:09:47 PM
 #25

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
Every trader wants Bitcoin to be legalized. Not only Bitcoin, but I heard the Blokchain technology can be used for the future by governments, because Blokchain is a such a kind system, which makes financial and technlogical stuff more easier.
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February 28, 2018, 02:09:47 AM
 #26

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
In US people who earn bitcoin pay taxes everytime they convert it into fiat, so this means that in some country bitcoin is legal and consider to be a currency, and yes it gives revenue to the government, I just hope all country will adopt this so that the demand and value of bitcoin continue to increase.

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February 28, 2018, 06:47:19 PM
 #27

In general, the governments are afraid of the continued existence and evolution of bitcoin in market. Moreover, they always plan to destroy this currency in multiple ways, but they always fail to achieve this dream. And the main reason for the rejection of this currency is the existence of financial losses in many banks and the fall in prices of their currencies (FIAT) also the  governments do not benefit from  the transactions of Bitcoin because the money of cryptocurrency is digital , so they cannot control it. In addition to that, if Bitcoin will rise in a huge value and the existence of economic crises  will continues then it is sure that many govenments will recognize Bitcoin as a legal and  traded currency.

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February 28, 2018, 07:27:37 PM
 #28

In general, the governments are afraid of the continued existence and evolution of bitcoin in market. Moreover, they always plan to destroy this currency in multiple ways, but they always fail to achieve this dream. And the main reason for the rejection of this currency is the existence of financial losses in many banks and the fall in prices of their currencies (FIAT) also the  governments do not benefit from  the transactions of Bitcoin because the money of cryptocurrency is digital , so they cannot control it. In addition to that, if Bitcoin will rise in a huge value and the existence of economic crises  will continues then it is sure that many govenments will recognize Bitcoin as a legal and  traded currency.
I very much doubt that the government voluntarily recognizes bitcoin. Cryptocurrencies can be extracted by everyone. Fiat prints and released into circulation only the government. Using the Central Bank they have the ability to remotely control our savings. It is a mechanism of inflation and deflation. With cryptocurrency, this is impossible. The government does not know how to manage the economy in a competitive environment. That's why they don't want to accept the cryptocurrency.

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March 02, 2018, 03:10:11 PM
 #29

My point of view regarding this matter is totally the same. We'll see how all this will proceed.

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March 02, 2018, 05:48:24 PM
 #30

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
Definitely they will do not for the sake of country's development but for the development of their own wealth because many countries politicians are mainly involved in the corruption so they will make money out of everything that's why they are trying to implement taxes on bitcoins too.

But if they use that taxes in the right way then it will be great source to develop that country but 30% is very high so they have to implement the taxes at the affordable rate for both citizen and the country.
Legalizing to put a tax on Bitcoin? They can't even control it. It is impossible to put a tax to any persons that's using Bitcoin, but they can implement such at any exchanges to put a tax to any person that is trying to convert their crypto currency to fiat currency. Not everyone in the country could pay the 30% tax, it is a bit high 'cause that exchanges take 30% to your crypto. I would rather find a low rate exchanges than to give 30% of my precious crypto to someone.

You are right they can't control it and i think smart goverments like Germany,which are going to create less taxes on bitcoin payments is a good solution for people but we all know that everyone will not share this liberal approach because some of goverments have their own interests on it and people's interests are on the second place.despite the fact that its so hard to control as it seems America can create legislative basis to avoid situations like that and I hope this will be trend and example for other countries.

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March 02, 2018, 06:24:07 PM
 #31

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
That's for sure something to ponder on!!

If governments take a step forward in this regard, it's surely gonna add in the development process and to the economy as a whole it will be huge booster.

Taxation if done rightly would be of immense benefit to the country and its people. Bitcoin nowadays is so in trend that most of the citizens of the country know of it. So legalization of Bitcoin would add to its further development and prosperity to the respective nations as well.

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March 02, 2018, 06:31:23 PM
 #32

i strongly believe government will legalise bitcoin since france is pushing for the government and central bank to ddiscuss in international forum comming up in april. government might reach a concensus in that forum

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March 02, 2018, 06:35:46 PM
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I'm totally against legalization by any government.  Bitcoin is an enabler for libertarian principles.  Once government gets involved Bitcoin is no longer a tool of freedom, it's a tool by governments for control and oppression.

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March 02, 2018, 07:07:46 PM
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they and so well on it earn only modestly and silently!
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March 02, 2018, 11:12:47 PM
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I'm totally against legalization by any government.  Bitcoin is an enabler for libertarian principles.  Once government gets involved Bitcoin is no longer a tool of freedom, it's a tool by governments for control and oppression.

Bitcoin is the legalization itself. Regardless of what governments come up with in an attempt to regulate the market, it has only effect on the centralized aspect of this market. In other words, as long as you avoid these centralized services, you won't be facing any type of governmental control or suppression. On the other hand, I am not that much against legalization, because almost everything that fits in the centralized ecosystem, contributes to Bitcoin's utility, and without that, we probably wouldn't even be able to see this market grow to where it stands in today's world. Those who don't mind using centralized services can continue doing so, and those who prefer to not use centralized services can do so too. It's a choice that you as user can make, which is also a form of freedom in my opinion.

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March 03, 2018, 03:09:53 AM
 #36

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

It is easier said than done. The government cannot legalise something that they cannot regulate as it might pose a problem to them economically and politically in the future. Bitcoin's nature being decentralised and volatile makes it very difficult for the government to regulate its transactions among users and that is the reason on why some countries prohibit the use of such cryptocurrency. Last thing, if bitcoin were to be regulated and expect prices to be controlled at some point. Investing into cryptocurrency would no longer be different from stocks, bank deposits, gold, etc. in terms of acquiring value.

i strongly believe government will legalise bitcoin since france is pushing for the government and central bank to ddiscuss in international forum comming up in april. government might reach a concensus in that forum

One country that legalises bitcoin does not constitute that every country would legalise it also. If France sees the opportunities provided by cryptocurrencies, then they it might provide economic support to the public. There are still a lot of countries that are yet to legalise bitcoin and that what hinders it from growing and developing further.

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March 03, 2018, 04:03:32 AM
 #37

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
Yes it's true, government can really earn a lot from imposing taxes in bitcoin earning but how can they do that knowing the fact that bitcoin is decentralized and does not give a transaction details of a particular person? though in some country tax in bitcoin is already implemented the moment they convert some into fiat but how bout to those who does not convert them and just hold them for a long term or just trade them. I think government will really need enough research to impose regulations for bitcoin.
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March 03, 2018, 06:18:59 AM
 #38

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
Where did you get those percentage? 30% increase is way to higher which I doubt it would really be hard to achieve those numbers unless if theres lots of exchangers do reside into that country then it might be possible and also if there are lots of merchants which are engaged into crypto services then it would be an advantage and beneficial for a country but the big question is.They would able to consider such thing?I doubt they wont tend to easily made those decisions.There would really be always an opposition towards to this matter.

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March 03, 2018, 06:23:02 AM
 #39

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
Every trader wants Bitcoin to be legalized. Not only Bitcoin, but I heard the Blokchain technology can be used for the future by governments, because Blokchain is a such a kind system, which makes financial and technlogical stuff more easier.

Not every trader. Others would want to avoid taxes so they'd rather that the government would not get involved with cryptocurrency affairs. It's possible that on the day that the government decides to legalize bitcoin, they may impose regulations and then put taxes.

Blockchain technology should be used by the government and utilize it to develop a better system for payments within the country. The government may choose to use crypto for the better in order to improve their country.
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March 03, 2018, 07:44:50 AM
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Finland is one of the most advanced and technologically advanced countries. This country has even given tax freedom for the purchase of bitcoin.

Finland has also facilitated almost all the ATM to purchase, exchange, and top up bitcoin. This is done to meet the needs of people in Finland will need the use of bitcoin.

Through ATM obtained that Finland is a country that records the highest bitcoin exchange transaction compared with other countries. Even in January 2016, bitcoin has been used to buy a Tesla S (electric-powered) Tesla car for € 140,000.

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March 03, 2018, 08:14:57 AM
 #41

I'm totally against legalization by any government.  Bitcoin is an enabler for libertarian principles.  Once government gets involved Bitcoin is no longer a tool of freedom, it's a tool by governments for control and oppression.

Well, you have your point but we all know how government play the game so I think instead of banning cryptocurrency I will still go for legalising this thing so we can freely use cryptocurrency wihtout any hesitation.

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March 03, 2018, 09:42:36 AM
 #42

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
Every trader wants Bitcoin to be legalized. Not only Bitcoin, but I heard the Blokchain technology can be used for the future by governments, because Blokchain is a such a kind system, which makes financial and technlogical stuff more easier.

Not every trader. Others would want to avoid taxes so they'd rather that the government would not get involved with cryptocurrency affairs. It's possible that on the day that the government decides to legalize bitcoin, they may impose regulations and then put taxes.

Blockchain technology should be used by the government and utilize it to develop a better system for payments within the country. The government may choose to use crypto for the better in order to improve their country.
Adaptation would always been possible when it comes for government to decide such thing but the big question on here is the chances for them to considerate.There would be still lots of argumentations to happen among boards before this decision would be finalized.If they do accept then they do have the view on benefiting from it because they wont accept it if they would saw that they wont benefit at all.Blockchain technology do really have a bright future when it comes to adaptation we do know the capability of this tech.

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March 03, 2018, 11:31:42 AM
 #43

I'm totally against legalization by any government.  Bitcoin is an enabler for libertarian principles.  Once government gets involved Bitcoin is no longer a tool of freedom, it's a tool by governments for control and oppression.

Well, you have your point but we all know how government play the game so I think instead of banning cryptocurrency I will still go for legalising this thing so we can freely use cryptocurrency wihtout any hesitation.
Recognition of legalization is a voluntary loss of freedom. I don't believe you're willing to pay taxes. Are you ready to make concessions in order to have free access to a Fiat. This tactic is a failure. My opinion should be done to ensure that users of bitcoin had the opportunity not to use Fiat. Then there will be no subject for bargaining with the government.
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March 03, 2018, 06:04:22 PM
 #44

Government legalising bitcoins is a good news, but if the government pay tax for every transactions. I think it will a little bit hard.
Government can earn money if all bitcoins transactions pay tax. Blockchain technology very helful for company. So I think in this technology, the government will see the technology and can legalising bitcoins.

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March 03, 2018, 06:24:16 PM
 #45

I'm totally against legalization by any government.  Bitcoin is an enabler for libertarian principles.  Once government gets involved Bitcoin is no longer a tool of freedom, it's a tool by governments for control and oppression.

Well, you have your point but we all know how government play the game so I think instead of banning cryptocurrency I will still go for legalising this thing so we can freely use cryptocurrency wihtout any hesitation.

Every user of cryptocurrency would ask for this only that they should be allowed to use the currency because it is another totally different space where new technology is helping people in many ways from their business to money transfer to earning and to become independent in their life

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March 03, 2018, 07:23:29 PM
 #46

I'm totally against legalization by any government.  Bitcoin is an enabler for libertarian principles.  Once government gets involved Bitcoin is no longer a tool of freedom, it's a tool by governments for control and oppression.

Today,It has already legalized in many countries,sorry but I don't understand how its enabler for libertarian principles,as we see today bitcoin is a tool of freedom,when i say its legalized I mean countries where its not banned and I don't understand why goverments wouldn't legalize it,everyone knows that its not anonymous and 'crypto criminals' always leave trace and its easier for authorities to investigate ciber crimes.maybe my opinion is not right but i think the best solution will be global strategy and we have already iniciators like America or another technological giant companies.

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March 03, 2018, 07:23:49 PM
 #47

Why bitcoin users have to pay taxes? I understand to pay taxes to the government that supports all users of the cryptocurrency. Banks do not block transactions. Now we see the opposite situation. The government by all means give us obstacles. This means that the taxes on the turnover of the cryptocurrency they don't need?
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March 03, 2018, 09:47:49 PM
 #48

Totally agree with you but there is no matter how strongly we want this, it does not seem to happen very soon.

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March 04, 2018, 12:16:31 AM
 #49

There would be advantage and disadvantage when a government legalized bitcoin. Of course the biggest advantage would be, government will not ban btc and people will be free to use it. But the disadvantage would be, the anonymity of transactions would never happen again. That everyone should declare their btc transactions and earnings and should pay tax for it.

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March 04, 2018, 12:37:10 AM
 #50

But the disadvantage would be, the anonymity of transactions would never happen again. That everyone should declare their btc transactions and earnings and should pay tax for it.

Transaction anonymity? Regardless of Bitcoin being legalized or not, as soon as you make use of centralized services, you can say goodbye to your 'anonymity'. I don't understand why people keep mentioning that they will no longer remain anonymous, while they actually have never been that.... I think it's safe to say that at whatever point in time, yes, it's just a matter of time, exchanges will transfer user information to the tax department in your country, and that without the court being involved like how Coinbase was forced to admit defeat. Current regulations are a joke compared to what has to come. If you want the highest level of anonymity, as far as possible, avoid centralized services entirely, which will require you to basically isolate yourself from a large part of this ecosystem. It's all up to you.

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March 04, 2018, 01:45:53 AM
 #51

Hi ! im an old user of btc and i have all losing my monney;-( I you a more btc and you can  give a lot of btc you can save my life because i have all losinng my money.. you can send btc on this adresse:  1PZyvv24czsGcWarucwzvNZ4ZtZdF25oRm

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March 04, 2018, 07:42:52 AM
 #52

Why are we talking about legalizing bitcoin? Legalize something that was previously prohibited, was illegal. But no one ever banned bitcoin.
If only there are countries where the laws explicitly prohibit citizens to have bitcoins? In advance I will say that for example in Russia there is no such law and a direct ban on bitcoins.  Smiley
 It is more accurate and appropriate to talk about amendments to the current legislation for a uniform approach to solving legal situations. But not on legalization.

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March 04, 2018, 08:05:52 AM
 #53

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
Recently, the European Court of Human Rights adopted a decision obliging the German government to recognize bitcoin as a legal tender on its territory. This is a decisive judicial decision for more than forty countries that signed the Convention for the Protection of Human Rights and Fundamental Freedoms of Man of 1950 and pledged to amend all the laws of that country for specific decisions of this court. Thus, the governments of these countries will be obliged to recognize bitcoin as a means of payment. This is a very big victory for the crypto currency.

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March 04, 2018, 08:42:41 AM
 #54

In the coming timegovernments will fight bitcoin and will make it illegal since they can not control the block chain and the will lack their authority and big part of their capital
on the contrary in Japan is very supportive with bitcoin In fact, there is a camera store in Japan that only receive payment with bitcoin and do not receive payment in other forms such as cash yen or visa / master. The purchase process at the store becomes very easy and fast without any additional fees charged by third parties.

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March 04, 2018, 08:57:21 AM
 #55

How do you imagine the process of legalizing cryptocurrency? What exactly should the state do?

Recently, the European Court of Human Rights adopted a decision obliging the German government to recognize bitcoin as a legal tender on its territory.

Can you give a reference to this decision? Or at least the date and number of the case. I really want to see.

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March 04, 2018, 09:05:24 AM
 #56

Everybody of us hopes that Bitcoin will be legalized but it's extremely difficult to gain this in reality since almost every country and goverment has its own obstacles for this.

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March 04, 2018, 09:44:05 AM
 #57

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

Bitcoin is a good source of income but I was not sure if all countries in the whole world legalized this coin, first of all until now crypto currencies are not centralize so who will be the person's came to the arrangement for the legalization of this coin?
second what country leads us to legalize the bitcoin and other crypto currencies? and lastly we need first the legal documents for application of legalization of this coin in the (WO) World Organization as supports.

There would be advantage and disadvantage when a government legalized bitcoin. Of course the biggest advantage would be, government will not ban btc and people will be free to use it. But the disadvantage would be, the anonymity of transactions would never happen again. That everyone should declare their btc transactions and earnings and should pay tax for it.

Advantage and disadvantage of bitcoin is not an issue since this coin are largely help to the economics of each country, however I've just thinking if this is right to implied taxes to the income of small people who join in crypto currencies? How they can equally rate the taxes of each people? Aside from that not all people in crypto currency community was earned income regularly. For example: those participants of signature campaign, because signature campaigns are not run for a couple of years. Sometimes it was run only for 1 month or 2 months, so it gives large impact to all users if their income will be lessen of taxes.

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March 05, 2018, 01:49:48 PM
 #58

Everybody of us hopes that Bitcoin will be legalized but it's extremely difficult to gain this in reality since almost every country and goverment has its own obstacles for this.
Why do you need legalization? What will change from this? It seems to me that we should forget about it. Bitcoin is our currency. We need to build our economy. Do you want to depend on bankers all your life? Learn to live on your own. After the government realizes that it can not stop bitcoin, they themselves will ask users to legalize their actions through Fiat. Understand that the government must work in the interests of the people. You want people to work for the government.
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March 06, 2018, 02:52:02 AM
 #59

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

Taxes on bitcoin would be a big help to the government because it will be an added fund and more projects would be made. The disadvantage of bitcoin being legalize is that due to the semi-anonymity, some people would use it in illegal means but then the advantage of the legalization is that more people would trust it so there would be more demand. The more people who use bitcoin in their transaction, the more tax the government would be able to collect given that majority of the users would pay tax.

To implement this, the one that should be tax are the platforms and the tax should be charge in every transaction of the users and then the users would be able to get a report so that there would be transparency. Eventually when majority of the countries use cryptocurrency, some of the countries who ban it will welcome it because they wouldn't want to be left behind.


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March 07, 2018, 04:06:01 AM
 #60

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

Some of country still don't believe bitcoin yet, so they want control bitcoin. After legalized bitcoin, is need to setup the taxes.
It can help country to get revenue from tax. But need regulation about tax. I hope in the future more country will accept bitcoin.

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March 07, 2018, 06:53:18 AM
 #61

Anyhow some of the governments who do thinking they should legalizing bitcoin can still be counted with the fingers, there are still many doubts and worries out there. Well although it really can be have potentially to advance the country, but still because of the various opinions certainly would be different and having a many considerations related to the country, and of course it will not be easy to decide.

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March 09, 2018, 05:29:42 AM
 #62

So if the Government legalizing bitcoin that means bitcoin is legally tax then. I heard in Canada bitcoin tax is 40% then the Government can trace bitcoin transactions there. 40% is way almost half of your bitcoin earning.
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March 09, 2018, 05:38:07 AM
 #63

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
The governments are aware that they can come up with great potential of resource with bitcoin.

But you know what makes them worry? The use of bitcoin can be abused by people who are dealt with illegal activities, that's the only thing they know with bitcoin.

They are only aware that its only used for illegal activities but once they understand that bitcoin isn't only for that thing, they will adopt it soon.

Spread of good news is quick, when big countries or state start accepting bitcoin on their jurisdiction, others will simply follow.

i perfectly agree on your last statement! when first world countries start accepting bitcoin many will surely follow. i am happy reading positive thoughts about bitcoin
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March 10, 2018, 11:22:38 PM
 #64

Bitcoin being anonymous by nature can't be Fully regulated or taxed. If someone keeps their BTC in some private key wallet and does not declare it while Income declaration then How can Govt. get Tax on that. This is the biggest concern why Govt. is not making BTC legal. Its utility in dealing Illegal activities, Money laundering, Tax evasion are some reason Govt not considering it the legal payment mode.

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March 11, 2018, 03:22:05 AM
 #65

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

Not only that government will so much benefits from the earnings but it will also ensure the safety of the nation by regulating it so that it will not be used in illegal activities by the bad people like to use it in money laundering, smuggling guns, drugs and also to use it to scam people by using the Bitcoin platform. By legalizing it, the future of Bitcoin will be in good hands.

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March 11, 2018, 12:16:46 PM
 #66

Government would eventually fight to legalize crytocurrency in each country  firstly because  they want to extract revenues and  control their financial status.  There is also good in legalizing cryptocurrency, the mere fact that it is legal, we would not be hiding or affraid.

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March 11, 2018, 01:10:36 PM
 #67

yes many government is on the process of doing bitcoin legal.
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March 11, 2018, 01:14:38 PM
 #68

sooner all government will legal bitcoin but with rules and regulations.
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March 11, 2018, 03:43:42 PM
 #69

Bitcoin being anonymous by nature can't be Fully regulated or taxed. If someone keeps their BTC in some private key wallet and does not declare it while Income declaration then How can Govt. get Tax on that. This is the biggest concern why Govt. is not making BTC legal. Its utility in dealing Illegal activities, Money laundering, Tax evasion are some reason Govt not considering it the legal payment mode.
Governments do not want to legalize cryptocurrencies. On a national scale, this is very little money for the government to be interested in receiving taxes. Governments do not want to create conditions under which the popularity of the cryptocurrency will grow. Under the pretext of legalization, governments will collect information about cryptocurrency users in order to make this impossible.

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March 11, 2018, 05:27:07 PM
 #70

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

I agree with you. Yes they should accept in order to increase their revenue as well as the employment in the respective country. Though they get revenue out of local fiats, crypto currencies would certainly yield a large turn out. We as an individual being in the forum and earning, can feel the benefits out of the money we earn. Lot of us has changed our lifestyle with the crypto income. Likewise crypto will certainly make the nation wealthy.

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March 11, 2018, 06:14:03 PM
 #71

So if the Government legalizing bitcoin that means bitcoin is legally tax then. I heard in Canada bitcoin tax is 40% then the Government can trace bitcoin transactions there. 40% is way almost half of your bitcoin earning.
Legalizing bitcoin doesn't mean it has to be taxed, if a government is silent on it hence the bitcoin could still be a legal due to the fact that there is no sanction on trading of it.

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March 11, 2018, 09:50:46 PM
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Representatives of 35 countries and the European Commission appealed to the Federal Financial Monitoring Service that the organization revise its standards that relate to the crypto currency. A meeting of the Financial Action Task Force on Money Laundering (FATF) was held in Paris from 18 to 23 February, attended by representatives of 35 major countries and two organizations that "called on the global authority to improve the understanding of the money laundering risks associated with crypto-currencies" reports Bitcoin.com with reference to the South Korean edition of Yonhup. The FATF was founded in 1989 and is an intergovernmental body that sets standards for the effective fight against money laundering, terrorist financing and other threats.

Among the members of the Financial Action Development Group are 35 States and two regional organizations. Among the countries are Russia, China, India, South Korea, the United States, Great Britain, Germany and others. Organizations - the European Commission and the Cooperation Council of the Persian Gulf. During the meeting, representatives of various states and organizations reported fears that because of the anonymity of transactions with digital money, it became much more difficult to monitor and suppress illegal activities. The results of the meeting will be announced at the meeting of the "Big Twenty", which will be held in Argentina in the summer of 2018.

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March 11, 2018, 10:21:57 PM
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Governments do not want to legalize cryptocurrencies. On a national scale, this is very little money for the government to be interested in receiving taxes. Governments do not want to create conditions under which the popularity of the cryptocurrency will grow. Under the pretext of legalization, governments will collect information about cryptocurrency users in order to make this impossible.

Governments benefit in various ways. Taxation is one aspect, and controlling the centralized ecosystem is another aspect. I may agree that the controlling aspect has more direct value to the government, but as crypto grows larger and larger, the tax income flowing into the pocket of the government grows larger too. Crypto has the potential to become a multi trillion dollar asset class, and this will happen whether governments fairly regulate the market or not. It's up to them. First option is to obtain full control over anything that's centralized and earn massive amounts of income through tax. Second option is to slow down or even prohibit crypto, which will result in the government to not only miss out on massive potential tax income, but most importantly, they lose all the control they could have had. Most governments aren't stupid, and will go with the first option.

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March 11, 2018, 11:19:30 PM
 #74

Governments do not want to legalize cryptocurrencies. On a national scale, this is very little money for the government to be interested in receiving taxes. Governments do not want to create conditions under which the popularity of the cryptocurrency will grow. Under the pretext of legalization, governments will collect information about cryptocurrency users in order to make this impossible.

Governments benefit in various ways. Taxation is one aspect, and controlling the centralized ecosystem is another aspect. I may agree that the controlling aspect has more direct value to the government, but as crypto grows larger and larger, the tax income flowing into the pocket of the government grows larger too. Crypto has the potential to become a multi trillion dollar asset class, and this will happen whether governments fairly regulate the market or not. It's up to them. First option is to obtain full control over anything that's centralized and earn massive amounts of income through tax. Second option is to slow down or even prohibit crypto, which will result in the government to not only miss out on massive potential tax income, but most importantly, they lose all the control they could have had. Most governments aren't stupid, and will go with the first option.

Another main benefit would be the employment. When the government revenue is increased lot more can be done the citizens freely after taxing of course. The country's economic condition would seriously improve. But as they worry about local fiats and banks revenue, they are not allowing Bitcoin or any other currencies to get into it .

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March 14, 2018, 03:38:55 PM
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Governments do not want to legalize cryptocurrencies. On a national scale, this is very little money for the government to be interested in receiving taxes. Governments do not want to create conditions under which the popularity of the cryptocurrency will grow. Under the pretext of legalization, governments will collect information about cryptocurrency users in order to make this impossible.

Governments benefit in various ways. Taxation is one aspect, and controlling the centralized ecosystem is another aspect. I may agree that the controlling aspect has more direct value to the government, but as crypto grows larger and larger, the tax income flowing into the pocket of the government grows larger too. Crypto has the potential to become a multi trillion dollar asset class, and this will happen whether governments fairly regulate the market or not. It's up to them. First option is to obtain full control over anything that's centralized and earn massive amounts of income through tax. Second option is to slow down or even prohibit crypto, which will result in the government to not only miss out on massive potential tax income, but most importantly, they lose all the control they could have had. Most governments aren't stupid, and will go with the first option.

Another main benefit would be the employment. When the government revenue is increased lot more can be done the citizens freely after taxing of course. The country's economic condition would seriously improve. But as they worry about local fiats and banks revenue, they are not allowing Bitcoin or any other currencies to get into it .
You are right, as well as those businesses had also benefited in cryptocurrency, because of this a lot of people had increased their purchasing power to buy goods and services for their own so we are all benefiting on it including the growth of our economy.

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March 14, 2018, 04:42:26 PM
 #76

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
LOL,it might not suit for all the corrupted countries becaue politicians will take all their country's revenue and make them richer not spend them for the people welfare.So I don't want to pay any taxes for my country because it will keep my country's politicians richer not the people.

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March 14, 2018, 05:29:32 PM
 #77

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
LOL,it might not suit for all the corrupted countries becaue politicians will take all their country's revenue and make them richer not spend them for the people welfare.So I don't want to pay any taxes for my country because it will keep my country's politicians richer not the people.
What choice do you have? Lol. In order to use your bitcoins you have to exchange them for Fiat. All such transactions are monitored by banks. How can you not pay taxes on them? You will be fined and you will pay more. You may not want to do this but your opinion is of no interest to anyone. All friends and enemies of the law.
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March 15, 2018, 05:39:50 AM
 #78

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
LOL,it might not suit for all the corrupted countries becaue politicians will take all their country's revenue and make them richer not spend them for the people welfare.So I don't want to pay any taxes for my country because it will keep my country's politicians richer not the people.
What choice do you have? Lol. In order to use your bitcoins you have to exchange them for Fiat. All such transactions are monitored by banks. How can you not pay taxes on them? You will be fined and you will pay more. You may not want to do this but your opinion is of no interest to anyone. All friends and enemies of the law.
My country don't have any specific specific tax yet for cryotocurrency so for me it is not a problem to buy bitcoins with fiat through banking system.I am not talking about the normal 10% of taxes,many countries like USA asking upto 40% taxes so I don't think that tax might not help me in anyways.
But the problem is only if we convert our bitcoins to fiat but I am not thinking about this,I will jold bitcoin as long as it can be used as direct form of payment.

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March 15, 2018, 12:55:15 PM
 #79

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

People would not like if bitcoin will be taxed, and I doubt if the government could do it since people are anonymous when doing their transactions. Maybe, that is one of the reasons why some government are threatened and started banning cryptocurrency. People can earn a lot, and yet the government cannot get anything from them.
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March 15, 2018, 01:41:20 PM
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I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
i really love that if our government will legalize bitcoins.if we will support bitcoin from the others then we have to do it.so that if the government will see our support then they will do legalize in our country.and that was a big help to the other bitcoin lover.

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March 15, 2018, 05:10:44 PM
 #81

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

I wish this should happen soon. Lots of good things would happen when adapted. An authority seriously has to look at its benefits. Country's economic system would grow, citizen's lifestyle would get changed when they each work with crypto currency and employment would increase in the respected country. Wish and hope every government would legalize bitcoins and other crypto currencies.

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March 16, 2018, 12:16:59 PM
 #82

Several of them have already started this process. The info regarding this was included in some earlier topics here.

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March 16, 2018, 12:27:33 PM
 #83

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

I wish this should happen soon. Lots of good things would happen when adapted. An authority seriously has to look at its benefits. Country's economic system would grow, citizen's lifestyle would get changed when they each work with crypto currency and employment would increase in the respected country. Wish and hope every government would legalize bitcoins and other crypto currencies.
What do you expect the government to legalize bitcoin? Do you hope that bitcoin will be accepted for payment in any store? I am 100% sure this will not happen even after legalization. The maximum that the government will permit it is legal to exchange bitcoin for Fiat money after taxes. Do you need such changes? We need to learn how to use bitcoins regardless of government.
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March 16, 2018, 12:40:02 PM
 #84

Several of them have already started this process. The info regarding this was included in some earlier topics here.

Still, there are many countries which don't have a good vision about the Bitcoin and it's concerned cryptocurrencies because these things will take some time. Almost governments have to study a lot before legalising the Bitcoin and technology behind it.

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March 16, 2018, 03:08:55 PM
 #85

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

It should happen so the revenue will be threefold than revenue received from fiat's. The employment of the country would increase and the countries economic status would boom up. Wish governments should adapt bitcoin very soon. 

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March 19, 2018, 04:21:06 PM
 #86

if it can be realized indeed very helpful lifting the country's economy. But it also must be through various considerations by the government. Given the price of bitcoin also unpredictable down and rising prices.

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March 19, 2018, 07:42:33 PM
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I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

Obviously, but every authority is taking time in adapting. Lacking back in new adaption. Revenue, employment to the  citizens, country's wealth and citizen's wealth would completely change if bitcoin is adapted or announced as legal. There are sources here in bitcoin to earn it and multiply it without much investment. A strong foundation can be made with bitcoin and other crypto currencies. The countires can it self create its own crypto currencies.

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March 19, 2018, 08:26:19 PM
 #88

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

Obviously, but every authority is taking time in adapting. Lacking back in new adaption. Revenue, employment to the  citizens, country's wealth and citizen's wealth would completely change if bitcoin is adapted or announced as legal. There are sources here in bitcoin to earn it and multiply it without much investment. A strong foundation can be made with bitcoin and other crypto currencies. The countires can it self create its own crypto currencies.
Yes, some countries are abandoned to try to control Bitcoin, and these countries are trying to use Bitcoin most effectively. For this reason, it is more logical to use wind instead of resistance to the wind. It's just a simple example.



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March 20, 2018, 07:01:45 AM
 #89

if it can be realized indeed very helpful lifting the country's economy. But it also must be through various considerations by the government. Given the price of bitcoin also unpredictable down and rising prices.
Yes that could be the main reason for some governments that are still considering the risk that can be obtained. Most of the governments.. I'm sure it's really take into account the characteristics of this digital currency. But for a country that does have a higher level of knowledge than any other country, I believe it can be advance the country.

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March 20, 2018, 08:38:36 AM
 #90

There are some country where bitcoin is legal and payments are subject yo taxes. https://www.investopedia.com/ask/answers/121515/bitcoin-legal-us.asp

List of countries where bitcoin is legal and not can be viewed on this link http://www.stockmaster.in/howtoinvest/top-countries-where-bitcoin-is-legal-and-illegal/

But there are some government where bitcoin is considered not legal and they regulate crypto use within their country. Some banned its use and exchange. Financial risk that it may brought to the users and holders, and utilization of btc and other crypto in illegal activities were some of the reasons of why it is still illegal in other country.
But im still hoping that other government will consider the benefits of crypto especially when it comes on making transactions.
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March 20, 2018, 10:04:00 PM
 #91

Many of them are already doing this. Or do you mean the global situation here? In such a case the relative proportions are quite disappointing at the current moment at least.

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March 26, 2018, 08:54:27 PM
 #92

It could happen. It is maybe early, but it is definitely possible. I don't know about that 30% though. Seems to be a little high percentage, because there is one more tax that we need to pay and it is around 20% (yearly income).
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March 27, 2018, 08:05:42 AM
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I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
i really love that if our government will legalize bitcoins.if we will support bitcoin from the others then we have to do it.so that if the government will see our support then they will do legalize in our country.and that was a big help to the other bitcoin lover.
I think all users will strongly agree and like this idea. but to realize this happens is not an easy thing. there is always a certain requirement if you want to get the law and regulation for something i goverment. may be like a profit to the government ranging from taxes, the loss of decentralization and so forth. do you want if bitcoin is legalized but decentralization is gone from bitcoin?

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brontosaurus
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March 27, 2018, 04:01:37 PM
 #94

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
Yeah you are right to a certain extent but if we think for ourselves...won't it be a loss for us?!!

I mean why would we pay taxes on our hard earned income in which government has no role to play. But governments have their own perspective relating to this matter. They do not see any benefit in legalizing the bitcoin.

Also we do not get any benefits from legalizing bitcoin. And development that you are talking about is not possible until government are ready to leave their corrupt practices.


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April 11, 2018, 07:41:43 PM
 #95

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
Legalization of the crypto currency in many countries is already in full swing. Simply, this process is not so quick to bring an instant result. This is due to the long study of the phenomenon of crypto-currency, the preparation of relevant draft laws, their introduction into the relevant legislative body of the country and its adoption. This all stretches for years.

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April 11, 2018, 08:30:46 PM
 #96

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
Legalization of the crypto currency in many countries is already in full swing. Simply, this process is not so quick to bring an instant result. This is due to the long study of the phenomenon of crypto-currency, the preparation of relevant draft laws, their introduction into the relevant legislative body of the country and its adoption. This all stretches for years.
It's good to hear legalization bitcoin in the country than other country refused bitcoin and they are going to ban.
How sad it is, but they have nothing can do with some people still adopting bitcoin it because of the being assets of bitcoin that profitable.

Yes, you are right it takes a long time of process before we conclude that country is legalizing bitcoin, unlawful of bitcoin is make people happy but I'm sure there's a regulating happen on between bitcoin and government this is needed for people's safety from any dark interest of bitcoin.

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Biscutard
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April 11, 2018, 11:20:11 PM
 #97

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

I wish this should happen soon. Lots of good things would happen when adapted. An authority seriously has to look at its benefits. Country's economic system would grow, citizen's lifestyle would get changed when they each work with crypto currency and employment would increase in the respected country. Wish and hope every government would legalize bitcoins and other crypto currencies.
What do you expect the government to legalize bitcoin? Do you hope that bitcoin will be accepted for payment in any store? I am 100% sure this will not happen even after legalization. The maximum that the government will permit it is legal to exchange bitcoin for Fiat money after taxes. Do you need such changes? We need to learn how to use bitcoins regardless of government.
I agree with your point since bitcoin and all crypto currencies are against the centralized systems of the bank. Well if the government legalize it then i think there must be some kind of regulations so that they could take part of it due to its decentralized systems.

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April 12, 2018, 08:51:05 AM
 #98

Bitcoin is not illegal, at least not yet in most countries. The countries that have been banned it, have not come out to say explicitly that bitcoin and crytpocurrencies are illegal. The issue for most governments is on how to regulate it, to fit the existing structure of the financial sector. This is new for them, so until they fully understand how it can work well, it will still be banned in those countries, and in the countries where it is not, there will still be market volatility due to uncertainty of what could happen next.
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April 12, 2018, 09:15:41 AM
 #99


I think you if the BTC recruitment, BTC sẽ phải ổn định, chắc chắn rằng nó khó mà có giá trị cao. It was too fartered when it now, the main Phủ will not checkable

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April 12, 2018, 01:54:21 PM
 #100

Actually, there are a lot more countries legalizing bitcoin now because of its tax. Its a great help for the country and also for its people. Time by time, we have been informed that more and more countries has been adopted to bitcoin and develop it. If more countries look forward unto it then our dream will be come true.

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April 12, 2018, 02:47:05 PM
 #101

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

This is what everyone one is imposing the governments to do.  They do know the benefits and the growth in adapting bitcoin and other crypto currencies. The reason for not taking a step further is to sustain local fiat's value up in the market as this is what the primary element for a government. This is why the banks are against local currencies. This is the reason banks control government not to adapt crypto currencies.

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April 12, 2018, 02:59:52 PM
 #102

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

This is what everyone one is imposing the governments to do.  They do know the benefits and the growth in adapting bitcoin and other crypto currencies. The reason for not taking a step further is to sustain local fiat's value up in the market as this is what the primary element for a government. This is why the banks are against local currencies. This is the reason banks control government not to adapt crypto currencies.
Because through legalization they think that bitcoin can manipulate them and have tax, they want to be legalized all profit for their people from cryptocurrencies into fiat in order to controlled and to have a taxed on it. Some countries now are starting controlling bitcoin to their place, but most of them are failed in implementing the law of bitcoin because we all know that bitcoin is decentralized and can control this.
That's why some are banning and some disable exchange site and banks account that related to bitcoin.

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April 12, 2018, 06:01:40 PM
 #103

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

This is what everyone one is imposing the governments to do.  They do know the benefits and the growth in adapting bitcoin and other crypto currencies. The reason for not taking a step further is to sustain local fiat's value up in the market as this is what the primary element for a government. This is why the banks are against local currencies. This is the reason banks control government not to adapt crypto currencies.
Because through legalization they think that bitcoin can manipulate them and have tax, they want to be legalized all profit for their people from cryptocurrencies into fiat in order to controlled and to have a taxed on it. Some countries now are starting controlling bitcoin to their place, but most of them are failed in implementing the law of bitcoin because we all know that bitcoin is decentralized and can control this.
That's why some are banning and some disable exchange site and banks account that related to bitcoin.
I do not see examples of the government to fail in the regulation of the cryptocurrency market. At the moment, the bitcoin community is slowly being defeated. Why? Because all exchanges are already required to provide documents in order to open the account. This contradicts the idea of bitcoin. And this, in my opinion, is a significant surrender of our interests.
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April 13, 2018, 05:02:31 AM
 #104

The planned regulatory measures include not only Bitcoin or other currencies but also all blockchain technology itself. Possible large-scale changes, objectively evaluating the situation, are a very positive phenomenon, as the theme of the crypto technology has become part of the political agenda. Nevertheless, this market and its investors have so far played fairly well-established rules...
Tapyaks72
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April 13, 2018, 01:40:17 PM
 #105

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

This is what everyone one is imposing the governments to do.  They do know the benefits and the growth in adapting bitcoin and other crypto currencies. The reason for not taking a step further is to sustain local fiat's value up in the market as this is what the primary element for a government. This is why the banks are against local currencies. This is the reason banks control government not to adapt crypto currencies.
Because through legalization they think that bitcoin can manipulate them and have tax, they want to be legalized all profit for their people from cryptocurrencies into fiat in order to controlled and to have a taxed on it. Some countries now are starting controlling bitcoin to their place, but most of them are failed in implementing the law of bitcoin because we all know that bitcoin is decentralized and can control this.
That's why some are banning and some disable exchange site and banks account that related to bitcoin.
I do not see examples of the government to fail in the regulation of the cryptocurrency market. At the moment, the bitcoin community is slowly being defeated. Why? Because all exchanges are already required to provide documents in order to open the account. This contradicts the idea of bitcoin. And this, in my opinion, is a significant surrender of our interests.
In any means the government trying to imposed  any regulatory  measures to crypto currency because they want controls or eventually imposed taxes too. But  still  I think it would take some pros and cons debate before  they can have  a law that can regulate Bitcoin because bitcoin is brilliantly design to elude government control.

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April 13, 2018, 02:02:08 PM
 #106

My government decide to forbid bitcoin because they want to protect my people from corruptor and drug dealer , our main enemy until now.
It's become their advantage because bitcoin transaction more difficult to track down compare fiat.

For other reason, bitcoin cause inflation because our currency are weak against dollar and bitcoin are dollar based investment !

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April 13, 2018, 03:31:01 PM
 #107

My government decide to forbid bitcoin because they want to protect my people from corruptor and drug dealer , our main enemy until now.
It's become their advantage because bitcoin transaction more difficult to track down compare fiat.

For other reason, bitcoin cause inflation because our currency are weak against dollar and bitcoin are dollar based investment !
It is sad to know that the mind set of some government leaders is not inclined to improvement because bitcoin is a great connection to the world if you're people mostly use bitcoins and they  earn out  of it isn't bad for the economy instead it boasts your economy.

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April 14, 2018, 07:02:13 AM
 #108

One of the reasons for the current inactivity of governments is the insignificant amount of cryptos, which does not pose a threat to financial markets. But it may change soon.
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April 14, 2018, 09:24:03 AM
 #109

My government decide to forbid bitcoin because they want to protect my people from corruptor and drug dealer , our main enemy until now.
It's become their advantage because bitcoin transaction more difficult to track down compare fiat.

For other reason, bitcoin cause inflation because our currency are weak against dollar and bitcoin are dollar based investment !
It is sad to know that the mind set of some government leaders is not inclined to improvement because bitcoin is a great connection to the world if you're people mostly use bitcoins and they  earn out  of it isn't bad for the economy instead it boasts your economy.
The problem is, you're thinking about yourself. Of course you benefit from using bitcoin as we all do. But the government thinks in other categories. They cannot control the turnover of cryptocurrencies and therefore they may have problems with the economy of the whole country. This is a great responsibility and no one will make controversial decisions.

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April 15, 2018, 11:20:37 AM
 #110

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
wait a while, why there are still some countries that are banning bitcoin in because bitcoin can also damage their own currency, and bitcoin will increase the crime rate to the internet in that country. maybe that's a consideration

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April 16, 2018, 09:28:02 PM
 #111

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.
About 30% this you of course exaggerate. I think the most optimal interest rate on taxes will be 13%.

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April 19, 2018, 11:12:31 AM
 #112

Legalizing bitcoins in our country is a good idea.Why? So that bitcoin won't vanish one day and remains forever as medium of change to be used in our society. And we can continue using it as our investment for our future and could be other way of saving money.I believe when it is legalize it become taxable and taxes are used by the government to create projects which are vital for the good of our fellowmen.

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April 20, 2018, 07:51:59 AM
 #113

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

Actually, there are lots of countries where Bitcoin is legal, here are some; Australia, Belgium, Brazil, Canada, Colombia, Croatia, Czech Republic, Cyprus, Denmark, France, Germany, Hong Kong, Israel, Italy, Japan, Ukraine, New Zealand, Norway, Poland, Singapore, Slovenia, South Korea, Spain, Switzerland, Sweden, Turkey, United Kingdom, United States etc. Currently, Bitcoin is legal in all the 52 states in the US, although each state has their own policies. However, I don't know if all those states, as well as the government of those countries, are imposing taxes on Bitcoin... 30% or more than that I have no idea.



 


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April 20, 2018, 09:38:42 AM
 #114

Basically, it can indeed advance a country in terms of economic development I guess, if indeed it's acceptable which can be able to deepen it from all that's related to cryptocurrency. It depends on each government's response to all things related to bitcoin and how to act on it to make it a way of progress for a country without risk. In essence., this is how about to direct it from the governments of each country I guess.

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April 20, 2018, 09:44:54 AM
 #115

The use of bitcoin in some countries has reached a very high percentage. In Japan the use of digital currency has a transaction amount of 50%. This percentage rate is very high when compared with the percentage in the United States which only reached 25%. Due to very high interest, the Japanese government officially legalized bitcoin as a legal currency in digital transactions.


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April 20, 2018, 04:13:40 PM
 #116

Well, in fact, there are several countries that are doing the bitcoin legalization and are also taking into account the regularization of taxes, an example would be Venezuela, which is already taking the cryptocurrency as a form of monetization and the entrepreneurs of the country named should give a sum of your earnings for that currency

Venezuela doesn't seem to be the best example. They released their own crypto and told that managed to collect huge amount of investments...without any proofs
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April 20, 2018, 04:29:06 PM
 #117

Applying tax will make another revenue / income for my government. It's a good news , isn't it ?
But my government is not interest !

Why ?
Because bitcoin still consider as criminal money because it can be use for money laundry or drug transaction which my goverment are against with them !

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April 20, 2018, 06:25:28 PM
 #118

Yes, I agree with that, the government must legalized bitcoin. because, Bitcoin can boost the economic growth of a country, Bitcoin can also encourage people's spending power, and I think, if bitcoin in legalkan will be an increase in assets that can encourage consumption patterns of society.

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April 22, 2018, 07:43:52 AM
 #119

Some countries have already legalized bitcoin after imposing some regulations to monitor any movement or transfer of the cryptocurrency. Here in my country, the central bank is already drafting a regulation for the cryptocurrency exchanges and this will be implemented next year once the drafting is completed. Taxation might be the next move of the government after the regulation is implemented.

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April 22, 2018, 10:58:51 AM
 #120

Some countries have already legalized bitcoin after imposing some regulations to monitor any movement or transfer of the cryptocurrency. Here in my country, the central bank is already drafting a regulation for the cryptocurrency exchanges and this will be implemented next year once the drafting is completed. Taxation might be the next move of the government after the regulation is implemented.
I don't understand what good? I don't share your joy. Any rules contradict the idea of creating bitcoin. If this is really done in your country then I am sure that the popularity of bitcoins in your country will decrease. Bitcoin is a free economy and supporting the government's plans to legalize bitcoins is a betrayal.
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April 27, 2018, 05:57:40 PM
 #121

Some countries have already legalized bitcoin after imposing some regulations to monitor any movement or transfer of the cryptocurrency. Here in my country, the central bank is already drafting a regulation for the cryptocurrency exchanges and this will be implemented next year once the drafting is completed. Taxation might be the next move of the government after the regulation is implemented.
I don't understand what good? I don't share your joy. Any rules contradict the idea of creating bitcoin. If this is really done in your country then I am sure that the popularity of bitcoins in your country will decrease. Bitcoin is a free economy and supporting the government's plans to legalize bitcoins is a betrayal.

But there may be the rules which don't affect decentralization nature of it,Therefore This means that the central authority will have no power to dictate rules for owners of bitcoins,I personally think that it will be acceptable for everyone,but in another situation of course if it is negative for bitcoin holder it will be illegal to create such regulations..At the same time I can't understand why there is the need for such a thing (I'm talking about regulations related to people's property right) when the block chain already keeps information about everything.Anyway I hope the banks and other financial institutions will see and consider cryptocurrencies as an alternative for the financial transactions in the future.

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April 28, 2018, 03:10:34 PM
 #122

The government believes and believes that proper regulation and supervision can make Bitcoin's potential a positive impact. They have also implemented some rules to prevent the currency from being used for unlawful activities.

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April 28, 2018, 05:42:28 PM
 #123

The government believes and believes that proper regulation and supervision can make Bitcoin's potential a positive impact.
That's what they want you to believe, yes, and it worked pretty well on you from the looks. Reality however shows that they are just trying to build a cage around the entire centralized market to prevent you and all your fellow sheeples from ejoying too much freedom. Their only objective is making you pay your due taxes and keeping your capital flow in check and monitored.

They have also implemented some rules to prevent the currency from being used for unlawful activities.
What exactly are these rules? No one can prevent me or anyone else from conducting *illegal* peer to peer transactions. Technically, it's not even possible for governments to do that with centralized platforms. The only difference in this case is that your personal information is attached to specific transactions, but still, it doesn't prevent anyone from conducting *illegal* transactions. The only thing that can happen is that you will be punished afterwards due to them having your personal information, but that's it.

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April 28, 2018, 05:56:22 PM
 #124

It's nice to hear that bitcoin will become legalized in all countries, no banning of bitcoin will lead to a successful country because it lessens to the unemployed people that having an extra income through this.
Well, I am still lucky with my country they are not imposing everything law against bitcoin, so, I can enjoy much more using bitcoin in my country. Besides, they have recognized bitcoin as a mode of payment here.

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May 10, 2018, 03:09:54 PM
 #125

very nice information to hear that bitcoin will be legalized, even though my country has not yet been officially registered, but it is already a signal that biitcoint is legal.
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May 11, 2018, 02:38:32 PM
 #126

Already bitcoin owners are now established and thereby contributing to national economy individually, in the area of job creations and so on whether government legalizing it or not. Legalizing bitcoin by governments all over the world would be a very good development and this will make local transaction easy and so on.

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May 11, 2018, 02:48:54 PM
 #127

very nice information to hear that bitcoin will be legalized, even though my country has not yet been officially registered, but it is already a signal that biitcoint is legal.

Seems like it will. Because cryptocurrency really get changed our lives

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May 11, 2018, 03:08:20 PM
 #128

Simply because they knew that they can get taxes from it, if they can control the peer to peer transactions. They can never centralised it I guess. Legalising bitcoins by government is good in the ears but in mind its definitely a hard and complicated thing. They just want to get from each one of us our responsibility to pay tax so they are trying to make it legal.

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May 13, 2018, 05:08:45 AM
 #129

In future the bitcoin will be legalized in all countries. Now itself some countries accepted bitcoin in their countrie. This will make some changes in other countries also. No one can stop the growth of bitcoin so defenitely one day all countries will accept cryptocurrency. But not immediately it will take some time. In my country neither bitcoin legalized nor banned. It would give life to many people to earn extra income through this. If government legalize bitcoin it would lead that country in a developing way.

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May 13, 2018, 06:37:49 AM
 #130

I strongly think that government should legalise bitcoin, because it may become a great revenue source for the goverment by imposing taxes of more than 30% and it can develop our country in so many ways.

Please do more research mate. There are 195 countries in the world today, and according to wikipedia there are around 70 countires/territories where the usage of Bitcoin is legal...

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The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them. Whereas the majority of countries do not make the usage of bitcoin itself illegal, its status as money (or a commodity) varies, with differing regulatory implications. While some countries have explicitly allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified bitcoins differently. While this article provides the legal status of bitcoin, regulations and bans that apply to this cryptocurrency likely extend to similar systems as well.
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May 13, 2018, 10:35:37 AM
 #131

Bitcoin is future digital currency and it any where to use. So most of the people know the bitcoin process and information gather. Today more than different cryptocurrencies in the market place. So choose the best coin for the future invest.  But Bitcoin still people belie. While tax authorities enforcement agencies and regulators are still exploring the phenomenon one pertinent question is bitcoin legal or illegal. The answer is it depends on the location and activity of the user. Now some  government will legal bitcoin but with rules and regulations. It good opportunity for the people growth and country growth. So most of the people use the bitcoin long time.  But coming future bitcoin will be accept all country. It help to connect the country people.