How does the government of your country view cryptocurrencies?

[eldial]

The government in my countries are viewing cryptocurrencies but in the other way of holding in terms of money because most of the politics in my country are so much corruption mostly in the blockchain organization they are not totally support in crypto by viewing the good of the people.

[DAMKAR]

The government of my country has not yet legalized this cryptocurrency.  However, even if we do not give legitimacy, we are still using it secretly.  If the government of my country had been so strict, we would not have been able to use it in such a way.  But I think one day the government of my country will give the legalization of bitcoin.  There are some reasons why Bitcoin is not legalized in my country.  One of the reasons is that our country is a least developed country. Ninety-nine percent of the people in this country are poorly educated and unemployed, so they will invest in cryptocurrencies without knowing it and will fall into a big loss later.  However, he thinks that cryptocurrency will give legitimacy in this country today or tomorrow.

Me too, In my country crypto currencies are not legalized. But I think that's not problem. We still can invest and trading crypto, because the government doesn't block crypto currency. It is really a good thing.

[MrSpasybo]

I agree that many governments have yet to accept crypto for fear that many people will join and lose money by crypto-related scam projects. However, as far as I can see, even when they have not yet accepted, a lot of investors still join ponzi projects and lose money. If the government saw this as a solution, it would have failed completely.
I think it is necessary to enact the legal framework. It specifies issues related to investment & activities of organizations & individuals in the crypto sector, forms of handling fraudulent projects, taxation on crypto income and plan on education, adoption, development of crypto.

[wxxyrqa]

I agree that many governments have yet to accept crypto for fear that many people will join and lose money by crypto-related scam projects. However, as far as I can see, even when they have not yet accepted, a lot of investors still join ponzi projects and lose money. If the government saw this as a solution, it would have failed completely.
I think it is necessary to enact the legal framework. It specifies issues related to investment & activities of organizations & individuals in the crypto sector, forms of handling fraudulent projects, taxation on crypto income and plan on education, adoption, development of crypto.

You are really very right, because very often the government still carries out the fight against fraudulent projects, who by any means practically steal money from citizens. The same situation today exists in my country with certain companies that provide quick loans. But when it comes to cryptocurrencies, the government is most concerned with controlling the profits and expenses of its citizens. I believe that the government cannot yet come up with such legislative acts that would fully allow it to control its people.

[Unbunplease]

The problem of legalization is, and whether all investors are ready to provide information about income sources and pay taxes from this?  Many are ready to risk, but not to give the state of such information

[Octoalts]

Until now there has been no definite decision about Cryptocurrency and Bitcoin, and actually there are not many people who understand Cryptocurrency or Bitcoin, especially they are traditional people who live in villages.  But I am optimistic that our government will accept Cryptocurrency and Bitcoin, but when that will happen we do not know.

[Johndoe]

the most interesting thing is that our government does not recognize cryptocurrency as a means of payment, but as property with which to bribe and prosecute.

[Kitaiev]

I live in Ukraine and the government of my country is now slowly moving towards the legalization of cryptocurrency. Soon there will be another meeting where there will be amendments to the upcoming law.

[Freemind]

@Kitaiev it is good news that your country's government continues to work on cryptocurrencies even if they are slow. In my country (Spain) they don't move, they look like rag dolls without brains. There is a lot of talent here on blockchain and even several leading companies, but it seems the government doesn't even know they exist, missing many opportunities.

[Spaffin]

Recently, information appeared on the network about the statement of Catherine Wood, addressed to the holder of bitcoin, and she stated that cryptocurrency users should not convert Bitcoin to Fiat currency until the state proposes the appropriate form for taxation. She, as an authoritative expert and founder of Ark Invest Management, stated that US citizens will have to face huge problems and taxes if today users want to cash out the income they received from the Bitcoin rally. The fact is that the IRS has launched a very large-scale work to identify the hidden incomes of citizens, while the structure is fully engaged in staffing employees who will be very actively trained in blockchain.

[Orange89]

Well i am from India and government of India is somewhat against to the crypto currency they had passed the bill in 2017 that rejected by supreme court again in 2021 they pass the same bill i think banning of crypto currency for any state is not the option it is the future digital currency support it now

[Freemind]

@Orange89 I have not read about the state of cryptocurrencies in India for a long time, but if the government finally decides to ban them, they will make a serious mistake, and perhaps that is what the government needs to realize and soon after lift that ban. Hopefully they are not so stupid and do not ban cryptocurrencies.

[sampoerna]

Actually, cryptocurrency in my country is now legal but only for digital currency and also halva. So far, we can see how interesting.If you have more idea or function about what and wiaitng for 24 is now always very increasing where the kids are showing its respect for plating agit.

[kuracha]

The government in our country view crypto currency is legal but they're still studying it thoroughly, it pros and cons and how it is being used and also how it help the economy in our country.

[Freemind]

The government in our country view crypto currency is legal but they're still studying it thoroughly, it pros and cons and how it is being used and also how it help the economy in our country.

From what you say, the government of your country is doing things correctly, studying what cryptocurrencies offer and knowing in depth how they work. That is having a positive attitude towards the things that can offer wealth to a country and its citizens, rather than closing your mind as other governments unfortunately do.