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Author Topic: Government Furious  (Read 1199 times)
Xintenson
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July 10, 2018, 06:11:40 AM
 #341

I don't the US governments cares all that much about cryptos, so long as you pay your taxes on any of your earnings.
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July 10, 2018, 06:49:48 AM
 #342

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Government dont get taxes because they do not want to regulate bitcoin trade. If bitcoin trade regulated, I am believe bitcoin investor fine with taxes and feel more confidence to investing more money

We have different opinion on this issue, one, Government want to regulate Bitcoin or crypto digital transaction, almost all of the government financial institution is looking into the possible Regulation on Bitcoin transaction, they started with the Banned, then developing own Blockchain by the different business corporation which eventually launched as their own. Yes, almost all government or the countries that Bitcoin is visible are looking into the Bitcoin transaction. They are amazed how Billion of transaction are happening thru digital transaction, that's why they are very much interested on the said transaction.

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david_019
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July 10, 2018, 06:56:15 AM
 #343

Sometimes I do not understand why government is angry with bitcoin and to all crypto currencies. Cryptos specially bitcoin are helping the the needs of every individual who involved himself in it. If they really care for people's need they will give time to study how crypto currency is important and can help the economy. The only problem why it becomes threat is because they declare it as illegal and by this the scam are growing because of lack of regulation.

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July 10, 2018, 07:06:15 AM
 #344

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Mostly corrupt and greedy governments would be more interested in crypto for tax and revenue purposes. This is a detrimental way of thinking because instead of focusing on actual innovation and the good the technology can actually bring, citizens are instead left behind by progressive countries.

I would like to think that government should first let crypto realize its true potential and actually help humankind first. Taxation and revenue can come after.

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July 10, 2018, 01:27:26 PM
 #345

until now  government won't to penetrate the system o crypto if they going to legalize the btc they do it to gain something 
but its better to collect tax in a bitcoi earner than to provoke the government  and make them realized that btc is no benefits in the economic if they do they just banned it in a whole country making the btc price fall
yes they can't take something from this crypto transaction, they can't even have any tax regulation about bitcoin or other decentralized cryptocurrency

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July 10, 2018, 01:36:45 PM
 #346

The government is always furious with the transactions that takes place since no fund or revenue is received by the government.Hence they try to put a halt to bitcoin transaction.
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July 10, 2018, 02:02:28 PM
 #347

If a government in a country feels angry might create a new regulation on taxes including appropriate measures to keep the merchants in the of earning an income because the existence of bitcoin can actually have a positive impact on one's life, especially in the economic system.

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July 10, 2018, 04:14:20 PM
 #348

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?
Government furious at least, and technology. I believe that they are respectable in this era of cryptocurrency and especially bitcoin, I believe that bitcoin will fall to invest it is not sure if you are respectable. I even though it is the future of cryptocurrency and technology in the future, and technology

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July 10, 2018, 04:21:03 PM
 #349

The government has always been able to survive extorting the population and now that this system is changing the government will try at all costs to get in this way to get its share. I hope it continues for a long time, because no one in the world is forced to give their money to unknown people and that most of the time they enjoy it for their own benefit.

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July 12, 2018, 02:14:49 PM
 #350

I see the government greedy. There are several ways of taxing citizens. Direct and indirect taxes exist in each country. Owners of cryptography may not pay a direct tax on their cryptography, but will not be able to evade indirect taxes. Again, this is a small part of the population that is in crippling currency. Therefore, the agitation of the government from my point of view is unfounded.

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July 15, 2018, 02:44:26 PM
 #351

I think if the state thinks that way, suppose that bitcoin is a threat to their economy, then it is wrong and wrong thinking. The government should be able to create opportunities from bitcoin, that bitcoin is very high value and the people of its economy are helped. If the government can see the opportunity, then the government may impose a tax on bitcoin but not on a one-sided policy but make a collective agreement; between bitcoin and government. Not harming and only one party. If bitcoin is directly subject to a confirmatory tana tax, it is not impossible to make bitcoin to leave the country and those who use it will feel lost, so their economies will again weaken.
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July 15, 2018, 03:04:04 PM
 #352

I see the government greedy. There are several ways of taxing citizens. Direct and indirect taxes exist in each country. Owners of cryptography may not pay a direct tax on their cryptography, but will not be able to evade indirect taxes. Again, this is a small part of the population that is in crippling currency. Therefore, the agitation of the government from my point of view is unfounded.
because the government is trying to attract as much tax and the results for equitable development in the country. I think it's a good thing if the government does that, because not all citizens are rich

megatrix
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July 15, 2018, 03:30:52 PM
 #353

I think this is the main reason why some governments are already making regulations about Bitcoin. They are implementing regulations that will impose the taxation on Bitcoin transactions. They are making sure that the success of Bitcoin would already benefit and help get taxes for the good of the nation and its people and not just certain number of businessmen who are into Bitcoin.

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July 15, 2018, 03:45:46 PM
 #354

I think that with proper regulation, the number of frauds in the crypto-currency market should be reduced. On the other hand, the volatility, and hence the potential income, will decrease.

ivull
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July 15, 2018, 04:17:08 PM
 #355

as for problems that make the government angry from various problems from anywhere such as from politics and corruption

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Saldom12
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July 15, 2018, 04:44:49 PM
 #356

naturally the government is furious with bitcoin, because they think bitcoin is a barrier and can threaten their paper money or state money. And bitcoin also can not be set by it, maybe with all this the government growled with bitcoin.
ValerieBTC
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July 20, 2018, 07:07:46 AM
 #357

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?
Whether furious or not furious is all their business and nobody cares. Bitcoin  is open and anyone is allowed to make use of it and the government  cannot stop anyone from making use of it except those that are citizens and no particular government can charge tax from bitcoin users,  although they can possibly find a way to charge users that are located in their tax, but that will be a very difficult thing to do cause many people will still find a way round it.

In fact this is not something that has to do with government,  they should mind their work in making their country a better and peaceful place to live and not worrying about bitcoin.
Central banks and government of some countries are against the Bitcoin mainly in Arab countries where they banned its use and it was not allowed in some European countries too but recently Germany recognized it and slowly it is growing all over the world. Countries which have bad economic conditions are also asking for a proper system to welcome cryptocurrencies and especially the Bitcoin.

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July 20, 2018, 07:42:58 AM
 #358

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?

Bitcoin is a hidden transaction without taxes and let me ask ,How they can trace the people to convince to pay their taxes.I dont know how.I think this is comfortable to use because you have no hassle in paying bills or sending money to some people.It is created to be use by the people who has a lot of works or busy and no have time to waste their precious time also it is used to earn more without taxes or it is used alternative in your work to earn for the future.
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July 21, 2018, 09:05:44 AM
 #359

The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?
That’s because they are not supposed to be getting tax from it. The government has nothing to do with Bitcoin and its none of their business. I don’t know if your have read about Bitcoin to know about it. Bitcoin gives you freedom from government and bank when it comes to saving your money.

In Bitcoin you’re completely in charge of your money and have yourself to blame if anything happens to your money. But in banks, if your gets lost you can blame the bank. So when the government are not the ones safeguarding your money, they have no right to charge you tax.

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July 22, 2018, 09:15:33 AM
 #360

I see the government greedy. There are several ways of taxing citizens. Direct and indirect taxes exist in each country. Owners of cryptography may not pay a direct tax on their cryptography, but will not be able to evade indirect taxes. Again, this is a small part of the population that is in crippling currency. Therefore, the agitation of the government from my point of view is unfounded.
because the government is trying to attract as much tax and the results for equitable development in the country. I think it's a good thing if the government does that, because not all citizens are rich
it is true that not all citizens are rich, but taxes are paid according to the ability of the person

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