Quote from: Reez on March 03, 2018, 02:14:02 AM

Quote from: ylnar123 on February 23, 2018, 12:34:05 PM

Quote from: GreenDee on January 22, 2018, 05:57:09 PM

What is the impact of bitcoin in a country's financial stability?

When you invest in bitcoin then you will probably earn and then buy and sell in the market which is taxed by the government. Then your tax will be distributed to all branches of the government and will be added to the financial statement of the country. Every transactions being done online or in traditional trading has a big impact on the financial stability of the country so as bitcoin which gives a high volume og money to those who invest.

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Most governments aren't interested in the earnings that you come use in the taxable market, they want to directly tax BTC which is impossible due to its decentralization police.These taxes along with inability to tax on investors is what makes the government consider BTC a threat to its financial stability

This is the biggest issue for governments, they can tax you indirectly when you convert your bitcoin to your local currency that is when they realize you have bitcoin, but they have no way to know how much bitcoins you have in store, and that is why it's bothering them they want to be able to tax your bitcoins directly but since they do not have control of the network they are unable to do so.