Post
Topic
Board Bitcoin Discussion
Re: Why should other countries did not accept Bitcoins?
by
MartinsCoin
on 31/08/2021, 18:43:10 UTC
Many countries around the world are already accepting bitcoin as a form of payment because some governments have already realized the benefits of integrating bitcoin and cryptocurrencies into their economy. El Salvador, despite discussions to the contrary, is already accepting bitcoin; Japan also passed a law making bitcoin a legal form of online payment, eliminating taxes and establishing a framework for regulatory framework for bitcoin-based businesses. Australia also took a stand in favor of cryptocurrencies and removed the double taxation that penalized users. Countries like Switzerland, Antigua and Barbuda (in the Caribbean Sea), Amsterdam and Malta are some of the countries that have facilitated the use of bitcoin and other cryptocurrencies. To be clear, we all know that bitcoin is not illegal because it poses any risk to citizens, because it's an alternative P2P monetary system for people to get rid of state oppression and have freedom to control their money, so bitcoin is seen as a threat by the state, because the system wants to have absolute control over people, and bitcoin has come to destroy the absolute control that some countries wish to have over their citizens.