NOTICE: If you are interested in becoming a forum moderator, please contact an administrator.

Can crypto currency like bitcoin can ruin country's economy?

All things Bitcoin Investing go here. Have an insider tip (but not really) that you want to share? Go for it!
User avatar
Vovaze
Posts: 7
Joined: Yesterday, 11:57 am

Can crypto currency like bitcoin can ruin country's economy?

Yesterday, 1:20 pm

People think that if crypto currency becomes the currency of any country than it will destroy the country's economy. This is because crypto currency do not have tax and government uses tax for its development and economy. If crypto currency becomes the currency of any country in the world then the people of that country become so much valuable that they cannot live a safe life.

But according to me crypto currency can never become part of country's currency beacause we cannot track the source or resource of this currency. And government cannot scale that which person has more money and on which they should apply more tax.

But if crypto becomes currency of any country then government will apply tax on crypto currency and keeps the track of it. For this purpose there should be alarge force in the country that can implement the trading of crypto currency in the country


We provide certain services. For more details, please click on the links given below
www.creswebs.com

https://www.facebook.com/creswebs
https://www.twitter.com/creswebs
https://www.instagram.com/creswebs

Link:
BBcode:
HTML:
Hide post links
Show post links
User avatar
onecoin
Posts: 5
Joined: Yesterday, 3:23 pm

Re: Can crypto currency like bitcoin can ruin country's economy?

Yesterday, 3:42 pm

I think it will destroy country's economy because as crypto currency is more valuable than normal currency so people will not pay taxes and crime rate starts increasing beacause these crypto currency do not have banks.

Link:
BBcode:
HTML:
Hide post links
Show post links

Return to “Investing”

Login · Register

In total there are 21 users online :: 2 registered, 0 hidden and 19 guests
Registered users: Baidu [Spider], Google [Bot]
Most users ever online was 92 on February 15th, 2018, 2:57 am
Total posts 39
Total topics 31
Total members 17
Our newest member katrina
No birthdays today

Follow On Twitter






Secured By