Post
Topic
Board Bitcoin Discussion
Re: What do you think will happen once Hong Kong legalizes bitcoin?
by
Nrcewker
on 27/02/2023, 04:27:31 UTC
Some of you probably saw the news that bitcoin will be fully legal to its citizens in June. What do you guys think will happen to Bitcoin?

Is this for Hong Kong people only? As I cannot see anywhere the news regarding the same. Bitcoins are also famous for it’s decentralised nature, that is, it cannot be controlled by any government. But now as the government is legalising it, so my question is how they gonna regulate it? They will moreover now charge tax on Bitcoins, but due to it’s decentralised nature, the government cannot know until and unless reported that how many coin the users are holding. Yes it will definitely blow up the price. So let’s see what happens next.