10 sats \ 2 replies \ @02d769cb73 21 Jul \ on: Team BitcoinVN attending inaugural Satoshi Flea Market Saigon (Vietnam) bitcoin
how is Bitcoin considered by the govt where you are ?
i mean, are they hostile to holders, exchanges, miners ?
or do they (like where i am ) go down the route of 'allowing' it on their terms - ie as a 'commodity', in order to chill adoption/use, and try to extort tax out of anyone who insists on doing it anyway ?
and for that matter, do people generally comply with whatever they impose, or do they get that it's permissionless by design ?
Grey area.
While no official regulations exist, the government and police force don't play around if you are caught doing dodgy stuff.
"Hodling" is fine; exchanges treated with suspicion, miners exist but keep it quiet.
What definitely is frowned upon is outright "promoting" it.
Vietnamese in general are quite "reckless" when it comes to seeking & seizing upon opportunities; for better or worse.
Open-minded and quick to adopt new ways of doing things, not always for the better since a thorough analysis of the consequences if often lacking.
But it is overall a very dynamic society.
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it will be interesting to see on what kind of focus Bitcoin will be subject to by the govt moving forward, as the people start to consider it an opportunity, be it speculative, or otherwise - these kind of state decisions will be pivotal in defining the country, and the people's, place in a Bitcoinized world.
i look forward to more posts from you - watching the play out of the process of Bitcoinization is as fascinating to me as the protocol itself.
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