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Author Topic: How does the government of your country view cryptocurrencies?  (Read 9403 times)

Offline Btceth01

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Re: How does the government of your country view cryptocurrencies?
« Reply #15 on: March 05, 2021, 11:22:07 PM »
Governments in different countries view bitcoin differently.  This bitcoin is legal in some countries and not in any other country.  However, all the countries where this bitcoin is legal tender are very developed.  The government of our country has made Bitcoin illegal because this country is a developing country.  However, in this developing country, it is better not to legalize bitcoin.
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Re: How does the government of your country view cryptocurrencies?
« Reply #15 on: March 05, 2021, 11:22:07 PM »

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Re: How does the government of your country view cryptocurrencies?
« Reply #16 on: March 05, 2021, 11:39:33 PM »
I live in Indonesia.
I this country, crypto is legal as a digital asset or commodity. The regulations have been listed under one of the state institutions called BAPPEBTI.
However, it is only legal as a commodity, but it is illegal or forcible for transaction or payment use. SO, now, it is not as a currency.
There are also several local exchanges that are under the regulations and registered in that governance.
Same with me bro. I think that it is too difficult using Bitcoin as currency because it has been stated that so far, Bitcoin will never be a currency. They said that it is so cmplicated.
For me, I do not mind that, as long as I can use crypto as investment and trading, it is enough.

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Re: How does the government of your country view cryptocurrencies?
« Reply #17 on: March 06, 2021, 08:05:08 AM »


I am lucky to be under a government that is not really interfering with cryptocurrency except if there can be scams, and they used cryptos as medium of payments. As of now, there is no specific law or regulation covering cryptocurrency, but agencies are using existing laws which are adopted towards foreign exchange and anti-money laundering guidelines. It is actually sad to see some governments not having enough grasp of cryptocurrency and yet have the tenacity to be banning or controlling this industry. Hope that they talk to the people affected with their decisions and have a dialogue to form a partnership so to address many fears and questions well enough. I understand that there is a growing community in Vietnam that are enthusiastic with cryptocurrency and the county has talented people who can contribute a lot towards the development of this industry.

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Re: How does the government of your country view cryptocurrencies?
« Reply #18 on: March 06, 2021, 08:15:02 AM »
The government of Nigeria recently banned crypto currencies and instructed financial institutions to block any account discovered to be dealing in crypto currencies, but then, I don't know, it means crypto currencies usage even increased the more in the country after government placed the ban, this is to tell everyone of us that crypto currencies have become much greater than any government, except the people of the country are too afraid to stand up, then no government will be able to stop crypto currencies, they can only warn their citizens to be careful in their dealings with crypto, but to stop the people from using or investing in it, I don't think will work out at this stage we are right now.
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Offline robert20

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Re: How does the government of your country view cryptocurrencies?
« Reply #19 on: March 06, 2021, 12:59:18 PM »
Same situation in our country. Our government doesnt show any interest in crypto. Though most of the countries are positive about crypto, our government's make it illegel to trade in crypto.
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Re: How does the government of your country view cryptocurrencies?
« Reply #20 on: March 06, 2021, 01:02:15 PM »
Interesting topic, I hope governments won't censor this topic :)
In Vietnam, everything about government power is sensitive, especially economic. The Vietnamese crypto community continues to wait for the legal framework for crypto, but the government just continues to be silent. Their recent actions are seen as a warning as the wave of crypto-related scams increases with bullrun.
I also believe that in the future Vietnam will also have its own CBDC, but maybe it is just a digital money, not a crypto.
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Re: How does the government of your country view cryptocurrencies?
« Reply #21 on: March 06, 2021, 01:06:21 PM »
It is very clear that the government of my country approves of Bitcoin. Because they also allow and give permission for the establishment of crypto companies in my country.
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Re: How does the government of your country view cryptocurrencies?
« Reply #21 on: March 06, 2021, 01:06:21 PM »


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Re: How does the government of your country view cryptocurrencies?
« Reply #22 on: March 06, 2021, 11:07:53 PM »
In our country the government has not accepted Bitcoin and Cryptocurrency as a legal means of payment, but even so there is no prohibition from the government for us to do activities in any form in Cryptocurrency, such as trading, investing and others we are free to do here.

Offline indexx

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Re: How does the government of your country view cryptocurrencies?
« Reply #23 on: March 07, 2021, 02:31:53 PM »
It is clear in my country that crypto is getting a warm welcome. Because there are so many crypto users and it has been used as a means of payment in several fields, especially for buying and selling. And this has not received negative criticism from the government, I think the government agrees with this.
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Re: How does the government of your country view cryptocurrencies?
« Reply #24 on: March 07, 2021, 04:02:05 PM »
I live in Ukraine, and everything seems to be getting better with regard to the cryptocurrency market in my country, but the legislator is starting to legalize cryptocurrency from the wrong side. first of all, they are already discussing the taxation of cryptocurrency users, but at the same time they are not making changes to the civil code, which says that cryptocurrency assets can be inherited and so on. Plus, there is no discussion about the perks for various cryptocurrency companies.
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Offline mohdelayo

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Re: How does the government of your country view cryptocurrencies?
« Reply #25 on: March 07, 2021, 05:57:32 PM »
I live in Ukraine, and everything seems to be getting better with regard to the cryptocurrency market in my country, but the legislator is starting to legalize cryptocurrency from the wrong side. first of all, they are already discussing the taxation of cryptocurrency users, but at the same time they are not making changes to the civil code, which says that cryptocurrency assets can be inherited and so on. Plus, there is no discussion about the perks for various cryptocurrency companies.

The government coming in from the face of taxation is something everyone should expect from any government that's trying to you know provide a legal framework that regulates cryptocurrencies. But then it shouldn't just be about the government looking for ways to gain from taxation but putting all the necessary frameworks in place.

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Re: How does the government of your country view cryptocurrencies?
« Reply #26 on: March 07, 2021, 06:27:08 PM »
In our country the government has not accepted Bitcoin and Cryptocurrency as a legal means of payment, but even so there is no prohibition from the government for us to do activities in any form in Cryptocurrency, such as trading, investing and others we are free to do here.

I think It happened at many countries mate, the government didn't accepted but Not blocked the crypto currency. That's is good for crypto ,because not illegal but also not recognise. We can do trading and investing, So not problem
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Re: How does the government of your country view cryptocurrencies?
« Reply #27 on: March 08, 2021, 12:38:52 AM »
I am lucky to be under a government that is not really interfering with cryptocurrency except if there can be scams, and they used cryptos as medium of payments. As of now, there is no specific law or regulation covering cryptocurrency, but agencies are using existing laws which are adopted towards foreign exchange and anti-money laundering guidelines. It is actually sad to see some governments not having enough grasp of cryptocurrency and yet have the tenacity to be banning or controlling this industry. Hope that they talk to the people affected with their decisions and have a dialogue to form a partnership so to address many fears and questions well enough. I understand that there is a growing community in Vietnam that are enthusiastic with cryptocurrency and the county has talented people who can contribute a lot towards the development of this industry.
Currently, there are a lot of scam projects related to crypto in Vietnam, so the Vietnamese government is reacting very hard to the issue related to crypto. In order to protect the people and their power, they decided to take a very extreme way: restricting, prohibiting and penalizing.





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Re: How does the government of your country view cryptocurrencies?
« Reply #28 on: March 08, 2021, 09:37:38 AM »
The Vietnamese government has been somewhat hostile to the adoption of the crypto industry in recent years, despite its apparent endorsement of crypto’s underlying blockchain technology. After banning cryptocurrency as a means of payment back in 2018, Vietnamese authorities have continued to urge the population to avoid crypto.

Article: Vietnam’s finance ministry warns about crypto trading risks

In our country Vietnam, we have the right to mine, own, buy and sell crypto, but cannot use crypto for payment instead of fiat, which is VND. Even in crypto transactions on P2P exchanges, when making bank transfers, we must avoid mentioning sensitive words like "coin, token, crypto, blockchain, virtual money, digital money...".
The Vietnamese government continues to hold hostility towards crypto & delay the enactment of the legal framework for this new sector. The good projects of Vietnamese in crypto such as Tomochain, MidasProtocol or KyberNetwork must also register in Singapore for legal reasons. I don't really understand the reason why they're so scared of crypto, but it looks like we're going to have a CBDC on the way since China is implementing CBDC :)

What is the view and attitude of the government in your country towards crypto/blockchain? Are you satisfied with that and what do you want in the future from them?
It is no news now that we are facing the same thing in Nigeria now since the Government have stopped all Banks from operating accounts that have been trading in cryptocurrencies. Some Accounts have actually been blocked by some banks by like you said, all crypto currency traders have now resulted to P2P trading and like yours too, we cannot mention anything that will remotely give any sign that, that transaction is crypto related.

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Re: How does the government of your country view cryptocurrencies?
« Reply #29 on: March 08, 2021, 10:00:11 AM »
First of all the government of my country is actually afraid of Cryptocurrency that it may throw away their currency at risk of deflamation or make it valueless but my greatest surprise naira against Bitcoin is the highest traded Cryptocurrency in Africa, with the current ban on crypto on bank transfer and withdrawal.
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