Post
Topic
Board Bitcoin Discussion
Re: How to make governments accept bitcoin?
by
SingAlong
on 02/05/2017, 13:44:49 UTC
I have a question for you. How to make governments accept bitcoin and not see it as a threat? So that one could use bitcoin in daily use, such as paying taxes or grocery shopping. What is there, other than anonymity, thats making governments fear bitcoin and cryptocurrencies?
it will be hard for goverment to accept bitcoin goverment use fiat because they can get taxes
they dont support bitcoin because there are no benefits bitcoin taxes go to miners
I agree with you . Currently bitcoin can not provide tax revenue for the government. Bitcoin does not yet have such rules, but if the government is brave then bitcoin users should wisely report their wealth. Thus we benefit as bitcoin users because of the existence of bitcoin and also the government benefit from getting tax fees.
There are countries who bravely accepts Bitcoi  that is Japan and Russia. Though Russia has banned bitcoin and any other cryptocurrencies in their country but they just did a U-turn in their standing so now they see it as a solution to their current crisis they have been facing.