Topic: Bitcoin is difficult to accept in countries - page 2. (Read 2324 times)

As long as crypto is not regulated, it is unlikely that anyone will take it and use it, so when crypto is regulated, many countries will use Bitcoin for various purposes.

Here is the deal: Bitcoin is not accepted by countries (governments), its accepted by (the) people. Big difference.

Those countries that tend to listen to their constituents, will allow it. The more oppressive regimes will oppose it, but sooner than later, most of the world will, simply because everyone is willing to.

Pretty much like coffee used to be banned in the middle east because it would stimulate rebellion against the State (historical fact).

Like many things, it becomes de facto and only later de jure, not the other way around...

A "deflationary" coin that simply doesn't lose its value overtime, in a world that has been preached over a century that inflation is necessary, to stimulate debt, credit expansion and this "growth" (Chicago). Such growth comes with a price, that is not attached when people instead save and then spend after having accumulated (Austrian).

Bitcoin cannot be accepted by people who have only learned the Chicago way, they fear it like the plague. With an Austrian economy you don't need a Central Bank or a Federal Reserve, in fact you don't need Banks for the most part, they can still exist but they have to go back to full reserve practices. So most of the non existent money that creates bubbles would disappear from the economy altogether.

Government realizing the Blockchain is need f this era to stable the economy of the country,If central banks upgrade the technology and issue own coin as reserve and guide the financial institutions to make transactions with that coin,It will bring maximum revenue which can be utilize for the new projects around the state.

SEC approval no longer interests me. Prices used to be shaped according to the future response from the SEC. Bitcoin gained resistance. The US or another country is not directly fighting Bitcoin. I think it's an economic experiment.

We only need approval from the SEC about the legality of Bitcoin, if they authorize and enter Bitcoin on the world stock exchange then I'm sure many countries will accept Bitcoin. Until now the proposal for endorsement submitted to the SEC is still unclear.

They can understand as surely as they can, but it depends on the state and the state, more precisely what the economic conditions of those states are, and each has its own point of view.
Of course, emerging countries will not want bitcoin, because they think that developing other countries is better than theirs.
I am very ashamed to live in a world of selfishness and some things I will never understand.

it depends upon the concept accepted by the country, if they don't support bitcoin merely, their mind is closed when the topic is based on crypto and in addition, the governments jurisdiction is needed especially when someone wants to establish their own local exchange that will basically open the cryptocurreny to their respective country.

It is difficult for a country to accept it because it was decentralized coin.  Which no one has a power to control it even government. In fact only the legalization is the hard thing because at some point people accept it and used it as an investment.  Many people get rich and that is because of bitcoin. 

bitcoin is actually accepted by several people in various parts of the world, but to get the legality of a country will be difficult. and this makes it difficult to develop in the world of bitcoin, especially in countries that still do not provide legality. because in some countries there is still rejection and also research to do legality, so we have to really wait for legality in all countries

Bitcoin is a cryptocurrency that has circulated in several major countries. But there are still many limitations because countries with a narrow vision of not being able to fully understand cryptocurrencies will benefit local businesses.

Though some GOV are totally against it and some allow bitcoin in their country they all want to regulate it. They are afraid of money laundering, tax hiding etc. So all the GOV wants to control it such a way that BTC could not have any massive negative(I mean against GOV) effect on their economy.

the government of each country must be different, some relieve bitcoin and some reject it. sometimes they see their potential so they do legality and they can exercise some control. whereas countries that have not seen legality might think like that, because handling bitcoin will be difficult in my opinion especially for small countries.

I think if blockchain is used and welcomed by many countries then surely a financial coin may it be Bitcoin or any other coin based on blockchain will and must be accepted by them, I think the government fears the impact of it in the criminal world because criminals would then be able to recieve and send funds anonymously.

Basically with the local exchanges that we have, it is impossible that these applications aren't really getting taxes from the cash in and cash out of us. Literally all of our transactions are taxable when it is passing through our local exchanges. We have here the coins ph, and I am pretty sure that they are getting tax out of my investment, even if I am just cashing in a small amount of money, they still have a small percentage out of it. Their problem would just going to be if the fiats are all converted to cryptos.

But many governments do not accept bitcoin is still something correct because if bitcoin is not completely controlled, many people will adopt those features to evade taxes, a society with so many people evading taxes, facilities and utilities, services will decrease in quality and cannot develop, if people were automatically paying taxes from bitcoin, this story would have followed a different trend but obviously, no one likes to pay taxes, so we can't complain about the government. We should even feel lucky that the government doesn't strengthen the restriction on bitcoin usage, almost they stand outside watching bitcoin grow.

There are countries who doesn't want to accept bitcoin because they think bitcoin is not good for the economy and they assume that bitcoin is full of scams and fraud. But in my own opinion even bitcoin was used to illegal activities like scams and fraud, it can still help the economy of a country that it can decreased unemployed people in a country, so i think bitcoin would be accepted by every country all over the world in the near future.

The future of bitcoin will lies to the hand of the governments and to the entities that fully accept bitcoin as it is. With regards to uses, most of the governments will surely create their own coin that they will distribute to it's people once fiat will be replace someday.

The question will always remain whether there will be a country that is willing to fully accept and use bitcoin as their main currency in the future. Being anonymous have plenty of advantages the same with disadvantages so it's up for the country whether what will be their decision either to accept bitcoin or not. Right now I can say the same, most of the countries have difficulty in accepting bitcoin.

Currently Only a handful of countries are supportive of Bitcoin and cryptocurrency. And there are many countries that oppose cryptocurrencies, which are mostly concentrated in Europe. They fear it will affect the economy so they are looking for ways to stop the development of Bitcoin and cryptocurrencies. In the future, blockchain will thrive, but for the cryptocurrency market, I think it will be constrained and impossible to develop comprehensively.

That is one of the obstacles of bitcoin, there are countries who doesn't want to accept bitcoin as mode of payment. They are afraid to its characteristics of being decentralized. They are used to have centralized currency and it is fiat money. They can control fiat money because it is backed by the government and the main reason why they do not want to accept bitcoin is because it is decentralize and they cannot control it.

maybe not all countries will do the same about bitcoin and blockchain technology, because of course regulations or rules are needed to be able to regulate all of that. I agree that bitcoin has not really been successful in terms of payment and decentralization, because every country especially developing countries have not been well connected by internet technology which is a separate obstacle. but with the continued development of technology all countries will have to be willing to accept bitcoin and blockchain.