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Author Topic: Government don't accept Bitcoin.  (Read 860 times)
Janation
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December 19, 2020, 01:29:41 AM
 #141

By some countries maybe.

Most of these countries did legalize cryptocurrencies but I don't think it is accepted as a digital asset because we all know how will they react when it comes to something that people would earn and them not getting any taxes from it. I guess this is just mainly for the protection of the people that would use it in their country.
Now bitcoin is not issue because many governments realizes they cannot stop this just because of this now few are feeling on other side and implementing new laws which are working for many like recently I read in few countries they are taking taxes and KYC policy is also working very stick so from this I am feeling hopefully in near future we will have some good number of countries those will accept this and have some good amount in taxes.

We will be seeing that in the next few years.

KYC might help some platforms, mobile wallets or exchange but I don't think that would directly help the government. Tax will but I hope they continue what they are doing by just making laws or regulations not to tax Bitcoin or other cryptocurrencies but just to take care of look into the people using it and giving them protections to scams and hacks.
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December 19, 2020, 02:07:35 AM
 #142

Our country government don't accept bitcoin. If anyone use bitcoin and know it state police Caught him and give punishment. But i like bitcoin. How can i use it? And I want to explain that bitcoin is not bad for me. How can i successfully explain?
what country do u living right now? i mean if bitcoin highly prohibited in your country you better not to use it in term of payment you can start using VPN or TOR to browser your daily activity that involved with bitcoin. In my country itself bitcoin can't be "currency" for any payment they called asset just like other commodity and there's government organization that regulated it.

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December 19, 2020, 05:31:28 AM
 #143

Would love to know which country you are from maybe some other people in the country here on the forum can give your more insight on how to use it. Since your government do not want it, it will be difficult to see any local exchanger in your country due to the fear. Making use of p2p platform to get bitcoin sold and pay to your bank account might be an option but it is not safe either. If the bank discover that the money come from a crypto related settlement, your account can be freeze. However, there are many goods and services you can buy with bitcoin out there. You can buy gadgets etc with bitcoin and also convert your bitcoin to gift card for extended service usage. Also you should be careful making use of custodian wallet to avoid government seizing of freezing your asset
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December 19, 2020, 05:49:48 AM
 #144

Our country government don't accept bitcoin. If anyone use bitcoin and know it state police Caught him and give punishment. But i like bitcoin. How can i use it? And I want to explain that bitcoin is not bad for me. How can i successfully explain?

I do not think it is okay to disobey government laws. THE restrictions means that firms, shops, eateries, etc would be unable to set up a payment solution using crypto currencies. If you cannot exchange bitcoin with fellow citizen; i think you should be able to buy for the long term. Bitcoin will end up being accepted everywhere. Get as much satoshis as you can.
Sometimes you just got to do what you feel is right, it doesn't really have to involve disobeying the rules, from the way I see it the government in his country don't want the citizens to use a decentralized currency which they can't track, maybe alot of fraudulent activities are going on in the country and they are looking for a way to reduce it, then boom there comes bitcoin a decentralized currency which they have no control over and the transactions done with it can not be traced down to one person, or maybe for some other reasons, but my advice will still be to remain anonymous on the internet that's by using TOR browser or a VPN.

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December 19, 2020, 02:53:53 PM
 #145

Our country government don't accept bitcoin. If anyone use bitcoin and know it state police Caught him and give punishment. But i like bitcoin. How can i use it? And I want to explain that bitcoin is not bad for me. How can i successfully explain?
I say first you go local government and presentation about bitcoin good effect. Also you can use vpn for this.


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December 19, 2020, 02:58:03 PM
 #146

Our country government don't accept bitcoin. If anyone use bitcoin and know it state police Caught him and give punishment. But i like bitcoin. How can i use it? And I want to explain that bitcoin is not bad for me. How can i successfully explain?

well we can understand why your government isn't accepting bitcoins in the country,
the decentralized nature ,the fluctuating value with the transaction anonymity doesn't sounds great for the acceptance of bitcoins but these features have their own advantages that has helped bitcoins reach where it is now .
aside from that in my country the government says its  illegal but they themselves are not sure about what to do to those who still use BTC ,but punishing is overkill . why punish people for using a digital crypto currency.
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December 19, 2020, 03:04:57 PM
Last edit: December 20, 2020, 04:07:20 PM by ice098
 #147

For the people who rarely hearing about Bitcoin, it is just like a product that they did not know so they would not us it. How could you use something that you do not have any background about it? Would you take the risk of using it? The government should have a deep knowledge about Bitcoin so that they would understand how they can be use it, but for the country which hates the Bitcoin, we cannot pursue everyone to deal with it. Let their government rule their country.

That's why some of them who first time heard even name of bitcoib or cryptocurrency were thinking thag this was a scam. They don't know about it and that's why they didn't pay even a small attention on knowing bitcoin more deeply but if there's someone who they know that were already generate an income from it they become interested about it.


I do not think it is okay to disobey government laws. THE restrictions means that firms, shops, eateries, etc would be unable to set up a payment solution using crypto currencies. If you cannot exchange bitcoin with fellow citizen; i think you should be able to buy for the long term. Bitcoin will end up being accepted everywhere. Get as much satoshis as you can.

Here in our country bitcoin or crypto wasn't illegal but not also legally implemented and people are free to do what they wanted to in cryptocurrency. And that's what i guess the advantage of being here hopefully some countries may allowed their people to be engaged in crypto.

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December 19, 2020, 03:26:11 PM
 #148

Our country government don't accept bitcoin. If anyone use bitcoin and know it state police Caught him and give punishment. But i like bitcoin. How can i use it? And I want to explain that bitcoin is not bad for me. How can i successfully explain?
I say first you go local government and presentation about bitcoin good effect. Also you can use vpn for this.
Well, am not really sure of any country around the world that hasn't hear something called Bitcoin, except if that country ban citizens from the use of internet in the country. Firstly, Bitcoin is called Internet Money, so it's not be own by anybody but anyone who want to belong to the internet world. If your country still allow citizens to surf the internet then you're in the right place. Secondly, if you can take up a seminar class with your locals it will be best for this to be actualize, starting this teachings from your locals will enhance the spread of this Bitcoin around your locality and will help minimize funds, also, you can create page on FB or TW to gather your locals for a lecture and exposure into this internet money.

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December 19, 2020, 03:34:12 PM
 #149

Our country government don't accept bitcoin. If anyone use bitcoin and know it state police Caught him and give punishment. But i like bitcoin. How can i use it? And I want to explain that bitcoin is not bad for me. How can i successfully explain?

What if you move to a country where bitcoin is free to use? In our country, you can use bitcoin anytime. I think bitcoin is already known everywhere or in every country but the problem is the government, they don't accept and recognize the bitcoin and they also don't want their community to use it, maybe they are afraid that one day bitcoin will become more useful currency on their country than their own fiat money.

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December 19, 2020, 03:35:16 PM
 #150

Our country government don't accept bitcoin. If anyone use bitcoin and know it state police Caught him and give punishment. But i like bitcoin. How can i use it? And I want to explain that bitcoin is not bad for me. How can i successfully explain?

Simple, Use a VPN and don`t talk about having bitcoin.
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December 19, 2020, 04:20:48 PM
 #151

Bitcoin is the most violent coin on the crypto world.No one can access or identify the user info. On the other hand, the government cannot control the bitcoin price and thought that bitcoin use for gambling or drug or any kind of criminal.Our government also ban bitcoin and add a money laundering case who use bitcoin.

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December 19, 2020, 05:21:11 PM
 #152

It all depends on which country you live in and how to use it, as there are a few ways you should go about it as suggested here.
In the country where I live, bitcoin is allowed and only used for investment and if there is a very big problem or loss it is beyond the responsibility of the government.
and besides that it is not allowed for purchase transactions using bitcoin and must be exchanged for the currency that will be used for any transaction.
and there is a possibility that the country strictly prohibits bitcoin because it does not know bitcoin deeply, but this is not possible because bitcoin is now globalized and will definitely know the risks and benefits that can be obtained.

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December 19, 2020, 05:54:41 PM
 #153

This is very serious and I think to be on a safer side since the government is fully involved and backed with punishment just stay put and positively believe the government will have a change of heart towards it but before then learn more about Bitcoin

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