Crypto adoption

[trauchot]

If cryptocurrency will be  legalized in all countries and around the world, I am sure that the government of each country will find a way to check all transactions and each government will come up with new laws related to cryptocurrency, therefore fraudsters and other people who will cheat on people and will not pay taxes, governments will catch and governments will write them fines or will put them in to jail. Already, every government is struggling with different fraudsters who are connected with cryptocurrency, so this is a matter of time when the governments will find the newest easiest ways to detect fraudsters.

[BRV_CRV_WRV]

TAXES! this is why government dont like cryptocurrency.
As it is very hard to get the transaction details and people can overcome the tax law.
How can a country survive and develop their mainland if there will be no taxes, nor enough taxes to collect?
We are living in crypto whose the transaction are not traceable to whom and from who the money from!

It’s good to pay taxes, but in a country where the government is very corrupt, the taxes you’re paying will make no sense because those in power will keep on with embezzling public funds and make away with it and there will still be nothing done against them. I’m not going to mention names of countries, but I think one of the reasons some people like Bitcoin is because their government is corrupt.

[shinharu10282016]

TAXES! this is why government dont like cryptocurrency.
As it is very hard to get the transaction details and people can overcome the tax law.
How can a country survive and develop their mainland if there will be no taxes, nor enough taxes to collect?
We are living in crypto whose the transaction are not traceable to whom and from who the money from!

It’s good to pay taxes, but in a country where the government is very corrupt, the taxes you’re paying will make no sense because those in power will keep on with embezzling public funds and make away with it and there will still be nothing done against them. I’m not going to mention names of countries, but I think one of the reasons some people like Bitcoin is because their government is corrupt.

But we all know that nevertheless they embezzle the funds, they also make it worth for some citizens. Public projects are seen but you know there are lots the country needs. Paying taxes is one of paying the ones serving you food, serving you on your municipal halls. Basically, taxes SHOULD GO BACK TO YOU. If not, there's something wrong about what your government do.

[Assface16678]

If crypto does gain massive adoption and you are able to pay for things in crypto, there would be less of a reason for people to cash out into fiat. How would government collect taxes from crypto gains then? Also, if something like ETH becomes big, how is the government gonna stop people from making pyramids, ponzis, and scams in general?

Through buying of goods, it already has a tax. Therefore when someone buys then the must be there. There are a lot of things in where the government can get tax, the transparency is the key but the government is not really transparent. Crypto users wnted something new.

[Rebisco]

They will not easily adopt cryptocurrencies because of its risks. They will start adopting it if they gain prior knowledge about it. We should find a way where the people will believe to the importance of cryptocurrencies.

[cancoinl2]

I think when the world will experience another financial crisis, everyone will recognize cryptocurrency as a secure mean of payment. Apart from that, delicate cryptocurrencies need adequate regulations from the government otherwise they will become centralized. Then cryptocurrency will lose its attractiveness for people. I consider that cryptocurrency should become an alternative mass adopted payment method to fiat in order not to lose its advantages.   

[Pahoocoin]

Pahoo

[darshan331]

it is the good thing to adopt crypto babies because it is the best passive income in easy way and there is no tress in this business but we must keep calm and do the work.

[jatin729]

Crypto adoption can't be easy task in developing countries because they are not even complete digital payment yet Crypto payment is very far. In most of developed countries we have seen Crypto is very popular and these countries also encourage Crypto by regulating it.

[rickadone]

We do really go fast lately on adoption. I have seen Ohio state news first which is great that a state in USA (one of the biggest finance countries in the world with UK and China) started to accept bitcoin like an official payment method.

After that I just saw that NASDAQ and NYSE aims to start bitcoin ETF on their platform so people could buy and sell depending on the price of bitcoin, which will bring in a lot of money and volume into our market.

I know we were hoping for adoption like "I can now go and get a loaf of bread with bitcoin" type but I guess bitcoin is much bigger in commodity market now compared to currency market and that is why we are seeing rapid adoption in bitcoin at higher levels first before we can see it in lower places. That is still a great news considering it will make it a lot more legit this way.

[rosepetals]

If crypto does gain massive adoption and you are able to pay for things in crypto, there would be less of a reason for people to cash out into fiat. How would government collect taxes from crypto gains then? Also, if something like ETH becomes big, how is the government gonna stop people from making pyramids, ponzis, and scams in general?

Crypto adoption were heading to be known and the governments i think would do something inorder that they can benefit in every bitcoin or cryptocurrency transactions.In my opinion maybe the merchants is their start ups,pretty sure everything will follow.

[nur rochid]

Crypto adoption can't be easy task in developing countries because they are not even complete digital payment yet Crypto payment is very far. In most of developed countries we have seen Crypto is very popular and these countries also encourage Crypto by regulating it.

maybe because this requires preparation from various aspects, so it requires a process, and they say no for now, this is different from developed countries, where everything is ready

[cahbagus555]

If crypto does gain massive adoption and you are able to pay for things in crypto, there would be less of a reason for people to cash out into fiat. How would government collect taxes from crypto gains then? Also, if something like ETH becomes big, how is the government gonna stop people from making pyramids, ponzis, and scams in general?

Government still earn taxes from VAT in every goods we buying. Government can stop ponzi with regulation and thats why government should regulate cryptocurrency market because many scam ICOs.

[vamshi789]

it is good to adopt the crypto babies so, the government is not give the permission because it is decentralization.

[andika2018]

I am believe if government regulate cryptocurrency for payment beside fiat money, government must be preparing regulation on crypto taxes. Maybe government make regulation that we should report our digital asset. Beside that, for government there is many ways to collect taxes from local exchanger.

[paparexon0414]

If crypto does gain massive adoption and you are able to pay for things in crypto, there would be less of a reason for people to cash out into fiat. How would government collect taxes from crypto gains then? Also, if something like ETH becomes big, how is the government gonna stop people from making pyramids, ponzis, and scams in general?

This probably why government still not implementing the usage of cryptos. This is one factor they are considering, that is why most of the countries still not open of having cryptos as their main way to use in payment physical or online. The process will take a lot of studies and debates just to pursue the crypto payment. Also, the security of it is also in question. Most of the hackers will also find ways just to take the advantage of getting the access of our wallets. So many answered in this topic, so i hope somehow enlighthen us.

[Yamifoud]

I am believe if government regulate cryptocurrency for payment beside fiat money, government must be preparing regulation on crypto taxes. Maybe government make regulation that we should report our digital asset. Beside that, for government there is many ways to collect taxes from local exchanger.

Taxes for crypto holders are already started in some countries as the government have supported this kind of currency. It could possibly happen into others also as their government imposing such policies.
Crypto adoption is somewhat no fully engaged nor all areas are known into these. I may think that only 1-2% having involve in here, mostly people who are high risk takers.   

[Barbut]

I am believe if government regulate cryptocurrency for payment beside fiat money, government must be preparing regulation on crypto taxes. Maybe government make regulation that we should report our digital asset. Beside that, for government there is many ways to collect taxes from local exchanger.

Taxes for crypto holders are already started in some countries as the government have supported this kind of currency. It could possibly happen into others also as their government imposing such policies.
Crypto adoption is somewhat no fully engaged nor all areas are known into these. I may think that only 1-2% having involve in here, mostly people who are high risk takers.   

What yesterday was  impossible to happen is discussed today in G20. They discussed about bitcoin and crypto holders, but they postponed final law about it until 2020, before they investigate it a bit more. I`m not a fan of governments or banks, but they are talking about it more and more and thats a good sign that adoption is going in good direction. In my surrounding many people still dont accept idea about crypto, now they hear a lot more about bitcoin than before, but still they are not open minded about it, but that will change, first step is almost completed, everyone to know about it, later will be everyone to use it.

[n0ne]

Crypto adoption around the world keeps increasing as the implementation of blockchain technology around different functional areas keeps on advancing. Several countries have come up with plans of regulating and allowing cryptocurrency usage within the country in a legalized manner.

[Arsedunn]

If crypto does gain massive adoption and you are able to pay for things in crypto, there would be less of a reason for people to cash out into fiat. How would government collect taxes from crypto gains then? Also, if something like ETH becomes big, how is the government gonna stop people from making pyramids, ponzis, and scams in general?

It’s not just about being adopted, it’s already adopted by a lot of people, the main problem is that the price is volatile and no one is ready to use a thing as volatile as Bitcoin. If it becomes stable, I believe that a lot of people would start to make use of cryptocurrency for making transactions. But whatever, everything will be the way they are meant to be, and that’s it.