I have seen many articles about regulating Bitcoin lately, but this is the first time I see it in South Africa. I read the article and don’t feel to worried about it. I am actually glad they are looking into Bitcoin.
Source: pixabay.com
The fact that they are looking into bitcoin tells me that they are seeing more mainstream adoption of bitcoin, which is good. What is alto good for bitcoin it that it government departments start to see the benefits they will hopefully start using it to save money and time. Like using the blockchain for property registration and so on.
I know I must pay taxes and I will. The governments realise that if they don’t try to adapt to this new technology they will lose big time in taxes. So, they will have to amend their tax laws and forms and more to accommodate Bitcoin.
If Bitcoin is taken seriously by governments, then people cannot say Bitcoin is a scam any more. And there are still many of these nay sayers out there.
Here is the full article on mybroadband.co.za:
What do you think about bitcoin regulations? Do you worry about it?
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