Post
Topic
Board Bitcoin Discussion
Re: Bitcoin could destroy economy
by
Fesatmas
on 15/11/2020, 18:29:54 UTC
What's the point though? How. can bitcoin destroys economy when on the contrary it is helping people survived in harsh economic condition such as:

(1) Why are Venezuelans seeking refuge in crypto-currencies?

(2) Zimbabwe’s Battle To Control Currency Inadvertently Boosts Bitcoin Profile

As for the reasons why several countries ban maybe, yeah maybe they think that bitcoin is being used by criminals, however, there are also nations who think otherwise. Besides, those countries that are against bitcoin are those who don't want to lose control of their population. So there are pros/cons, but I believed pros outweigh the cons by ten fold.
it is true, that in fact it returns to the policy of the state authority. I think every particular exchange pays taxes on the government, and that is a good thing for the country's economy. as for countries that prohibit the use of bitcoin due to misuse that does not follow the policies and regulations of that country. Every platform that operates under the auspices of the state government in the economic sector provides rules to allow the exchange legally, if there is an input or annual tax payment to the state.