Post
Topic
Board Bitcoin Discussion
Re: Why does the government hate bitcoin?
by
lionheart78
on 26/10/2018, 05:14:30 UTC
As far where I am living, I do not agree that the government hate bitcoin.

My country is cryptocurrency friendly since my country welcome its technology.  As a matter of fact my country, Philippines, considered Bitcoin as mode of payment and welcome any legal development about bitcoin application.  As a matter of fact, our government allow cryptocurrency trading in my country and is open for further collaboration about blockchain technology.

It takes more than 1 paragraph to discuss this thing bur actually it is all about tax. Government likely get a tax tp anything but in bitcoin they can't,  that's it.

They can if it enters an exchange, and/or used to purchase an item legally (setup by merchants).