Post
Topic
Board Economics
Re: What will happen if the government know bitcoin in your country?
by
Jessy Mediola
on 19/12/2017, 03:03:26 UTC
I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.

The government in my country recognized the used of bitcoin even though it was not yet declared legal. People here arr are using it as a form of payment, so far we dont see any sign the government would ban it.

There were countries who sees bitcoin as a threat to their economy such as Venezuela and China, those government sees the larger picture. Once newbie like us looks at bitcoin we would think that this would affect nothing but instead it is beneficial for us. But the fact is that, even we could gain profit from this,some Government dont see anything that this benefits them. Simply because they dont have the full control over it, because they dont have the full control, people could  and tend do illegal activities which then becomes a threat for the government.
Maybe the government will take advantage to get some tax about this.matter because we all know that bitcoin is decentralized and the mastermind or the real manager to make it works is still unknown. Maybe the government will take advantage to get a percent. Giving some taxes to those who are earning bitcoins also when theyre selling it to convert into fiat.