How does the government of your country view cryptocurrencies?

[Rana590]

Many people in our country are involved with cryptocurrency. But the government has not yet recognized cryptocurrency and for this reason banks do not consider bitcoin transactions to be legal. But I think in the case of a developing country the legitimacy of bitcoin will play a huge role in economy.

[Freemind]

Many people in our country are involved with cryptocurrency. But the government has not yet recognized cryptocurrency and for this reason banks do not consider bitcoin transactions to be legal. But I think in the case of a developing country the legitimacy of bitcoin will play a huge role in economy.

That will happen until banks in many countries realize how much money they are missing. When many banks and governments know the amount of taxes they could charge thanks to cryptocurrencies, I am sure that it will change their way of thinking. Again, it is only a matter of time.

[dolcefarniente]

The governments of many countries impose restrictions to use cryptocurrencies in their territories not because they oppose the introduction of new modern technologies, but because they want to keep them under their control, but do not yet have a clear understanding of how to do this.

[debra]

there are some countries that cannot accept crypto and it will certainly hinder the development of the crypto there. fortunately in my country crypto is already acceptable to the public and also the government. several companies have also taken part in the world of crypto. many people are interested in the world of crypto and learn it so that the development of crypto in my country is growing rapidly.

[Hasan986]

My country is Bangladesh. Cryptocurrency is illegal in Bangladesh. However, blockchain is currently supporting Bangladesh. It is expected that various projects will be legalized in Bangladesh through blockchain. However, it has not been officially announced yet.

[Freemind]

My country is Bangladesh. Cryptocurrency is illegal in Bangladesh. However, blockchain is currently supporting Bangladesh. It is expected that various projects will be legalized in Bangladesh through blockchain. However, it has not been officially announced yet.

Blockchain can be used for many more things besides cryptocurrencies, perhaps your country's government will give cryptocurrencies a chance after realizing that blockchain is here to stay, but sadly, it is not just a government decision, as banks and companies will do anything to defend their interests.

[Blue_sea]

the government in my country that is Italy is in favor of crypto, some of the local banks are already implementing the use of crypto / bitcoin and there are also many bitcoin ATMs, the government is currently thinking about how to best tax the earnings from crypto

How lucky you Italian people but here in south asian country we are struggling with crypto currency because our government not want to start cryptocurrency or any block chain technology development established .The government people notice that if the blockchain technology develop the social security system breakdown . All transactions will behind the government and the opposite political parties out of control and power party will lose their power and money.The criminals and mafia do everything that they want for those reasons the government of our country will not start cryptocurrency technology .

[alltalk]

I live in Indonesia when, fortunately, cryptocurrency is legal here,
But, cryptocurrency is only legal as a digital asset, a stock or commodity where we can trade or invest based on our own risks to take. And there is a law about this under Bappebti regulation and also Kominfo for certain exchanges.
However, cryptocurrency is illegal or forbidden if used as a currency or payment in any case. 

[Quart]

I am grateful that in my country crypto can be accepted and crypto has also been legalized. currently, even many people learn it because it can be said that crypto is growing rapidly in my country. of course, I am happy and I hope the crypto world can be more advanced even though there are still some countries that ban it because of their rules. every country must have their own rules and as good citizens, we must be able to accept it

[Danus]

In Russia, there is a monitoring of cryptocurrencies and they are introducing the payment of tax, they even moved away from generally accepted standards and go their own way in cryptography, then it is correct to call it not a seed phrase, but a mnemonic password for entering the account, because these arbitrary 15 words are then hashed and one private is obtained key, seed phrase this is a little about something else about HD wallets

[masterrex]

My government is very open and friendly to the crypto industry in fact they have a special place for all crypto-related projects in my country but at the same time the regulatory bodies are always reminding us about the risk in crypto investment but in totality, it's just only a reminder nothing more nothing less.

[Proton]

The government of Ukraine has registered a bill that involves the legalization of cryptocurrencies! It was developed by the blockchain community The bill was defined by the basic terms: virtual asset, crypto asset, token, token asset.  According to the document, the tax rate on income of individuals with investment income from the sale of cryptoassets will be 5%. Also, the sale of cryptoassets will not be taxed!

[bigcash2011]

At the moment my country has not declared cryptocurrencies as legal tender because the state bank has no clear policies about it but i was told that the state bank and the govt. Is devising a policy around crypto so that it can be allowed according to the rules.

[Evgenklm]

In my country, there are no laws regulating cryptocurrency, there are also no taxes, but the issue of the state digital currency is being actively discussed, and then the law with taxes, so I think sooner or later all countries will start considering laws and taxes on cryptocurrency, it is only a matter of time.

[Renampun]

in my country Indonesia, cryptocurrency is only considered as an investment asset...

the prohibition of using cryptocurrency as a means of payment in my country has been regulated by law and cannot be violated. I'm sure in the future this rule will change over time.