How does the government of your country view cryptocurrencies?

[Master107]

In my country the problem is not participating in rewards or creating crypto projects. In my country, the problem is that the moment you convert your crypto into fiat, the finance ministry asks you where it came from, how you got it, and why you want to sell it. This has been happening for the last two years, before it could be done without problems, but now they are waiting for you to do something to tell you the percentage that you have to give to the government .

The government is getting involve in cryptocurrency although through indirect way. Are they implementing tax?

[Freemind]

The government is getting involve in cryptocurrency although through indirect way. Are they implementing tax?

The government has several draft taxes for cryptocurrencies, and depending on the area of ​​the country in which you live, they apply one rate or another. The problem is that it is not yet a law voted in the Senate and the Ministry of Finance has many problems knowing what to do. I know people who have been told by lawyers that the money for the state can be up to 25% of the total amount, it is an armed robbery, and all for the same as always, not leaving clear and easy to understand laws.

[ropyu1978]

My country still not allowed using bitcoin and cryptocurrency as legal payment way with any trouble and just allowed only for trading or investing, but this not make many trader and investor more disappointed because my country never banned using bitcoin as investment assets, but hope for the future will make bitcoin and altcoin as legal payment currency transaction.

[Bliznec]

Many countries do not want to legalize bitcoin, cryptocurrency. This is not very good, because sooner or later, bitcoin is the business of every country. Take the same India https://www.nasdaq.com/articles/how-bitcoin-adoption-will-help-india-achieve-its-%245-trillion-economy-2020-01-03-0 , so in this country they agreed on the adoption of bitcoin by the state. In my country, cryptocurrency is not prohibited.

[ropyu1978]

Why you still take care with government to allow and make bitcoin become legal currency transaction payment? I think just take care how you can trade and investing only with bitcoin, when government now allow for trading and investing is the best thing for bitcoin, we pass from tax and not all people will know how much bitcoin assets have.

[Ghozrd]

My country does not prohibit cryptocurrency, everyone can buy and sell Bitcoin at any time if they want, but one thing that is not allowed is buying goods with Bitcoin is not allowed because it is against the law.
That's why I can only buy Bitcoin like gold ... only for investment.

[H2O]

My country's government and central bank have declared Bitcoin completely illegal.  If anyone is involved in the bitcoin business in violation of government regulations, legal action will be taken against them, including fines.  So I can't use Bitcoin directly in my country.

[Freemind]

My country's government and central bank have declared Bitcoin completely illegal.  If anyone is involved in the bitcoin business in violation of government regulations, legal action will be taken against them, including fines.  So I can't use Bitcoin directly in my country.

The governments that are doing what they have done in your country will sooner or later regret it, in Nigeria, for example, something similar happened, first they wanted to ban it, then they said they wouldn't ban it, then they said they had to talk... I think they make decisions very quickly and then they realize the benefits they can have for their country.

[ropyu1978]

My country's government and central bank have declared Bitcoin completely illegal.  If anyone is involved in the bitcoin business in violation of government regulations, legal action will be taken against them, including fines.  So I can't use Bitcoin directly in my country.

The governments that are doing what they have done in your country will sooner or later regret it, in Nigeria, for example, something similar happened, first they wanted to ban it, then they said they wouldn't ban it, then they said they had to talk... I think they make decisions very quickly and then they realize the benefits they can have for their country.

Looks many countries still not support with bitcoin because they not really understand how and what benefit from bitcoin as transaction currency payment, maybe when they understand how bitcoin sending payment make easy and faster they will adopt bitcoin as legal currency transaction.

[sacrotic]

My government still grey in this area, already give protection law and support but looks too careful, that's good but for us the fence too high. In next 2 - 3 I believe they will release taxes for all activity involved crypto but I can see there's no education for their citizen, that's not fair. I hope they see crypto as product and asset, need to manage but also giving public services because until now only exchanges came but developer no.

[Bony11]

The government of my country has banned cryptocurrency.  The government of my country did not legalize cryptocurrency.  Because our government thinks that if cryptocurrency is legalized, various types of money laundering and criminal activities will increase.  But we who work in the cryptocurrency market hope that in the future the government of my country will declare cryptocurrency as legal considering the importance of cryptocurrency or digital currency.

[Delgboke]

The Cryptocurrency restriction in my country is affected by the banks in region but you as a person you are free to trade the Cryptocurrency at your own convinance but were the problem is you can't transact with the banks, although this brought about public reactions why the central bank place ban on Cryptocurrency transactions with banks in the country.

[Master107]

@Delgboke
Banks will do their very best to stop the massive patronize from the people. If the citizens knows how beneficial to earn bigger profit from banks, most likely they will invest to crypto then banks where only %0. or %1 something the profit from long time investment.
Banks also seek their own good.

[leodiaz]

fortunately in my country crypto can be accepted and it will greatly affect the development of crypto in the future. although there are still many who do not understand the world of crypto at least crypto is starting to be accepted and known by many people.

[Octoalts]

fortunately in my country crypto can be accepted and it will greatly affect the development of crypto in the future. although there are still many who do not understand the world of crypto at least crypto is starting to be accepted and known by many people.

It is very fortunate that you are in the territory of a country that has accepted Bitcoin and Cryptocurrency, although currently not many people know Cryptocurrency, it is your job to inform those who do not understand Crypto. And you are also very lucky because you can get to know Crypto earlier than others. 
You have to make the best use of these conditions, there are many ways you can do to benefit from Crypto, by allowing Cryptocurrency in your country it will be very easy to do all Crypto activities there, it's really very fun.