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

This topic contains 1 reply, has 2 voices, and was last updated by  doju 2 months, 4 weeks ago.

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  • #9020

    Vebel
    Participant

    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

    #9021

    doju
    Participant

    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.

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