Quote from: Banulit on Today at 04:06:36 AM

Quote from: Tingtong on December 05, 2020, 05:33:16 AM

Our country government don't accept bitcoin. If anyone use bitcoin and know it state police Caught him and give punishment. But i like bitcoin. How can i use it? And I want to explain that bitcoin is not bad for me. How can i successfully explain?

The reason why most of the countries dont acknowledge and accept bitcoin is because it is decentralized and they dont have any authority to regulate it thats why they avoid bitcoin. In your case, you wait until the government see the advantages and benefits of bitcoin and cryptocurrencies in your economy, it will takes time but if that will happen it will be all worth it.

This is a fact. Most of the government didn't want to have any other related negotiations when it comes to bitcoin because they don't have the power to regulate it or to control since it is decentralized. I think many government personnel starting to think or come up to some idea on how they will manage to control the regulations of the bitcoin so that they may able to have some profits or to control it. They didn't actually want it to be gone but rather to learn how to control.

And yes, there are no law saying that a bitcoin user will be arrested but in our country some government starting to put some taxes on the bitcoin or cryptocurrency transactions since sometimes it has a large amount of money involved. They want to legalize it and put it under the law. I guess.