Topic: Bitcoin is illegal in some country - page 2. (Read 1798 times)
I know it's legal in Japan
Maybe because their country is prone to cybercrime attacks which is something can affect if they allow the use of bitcoin usage would allow their cybercrime to continously sabotage their security system. As for our country it is step by step accepting in our country because central bank and government our imposing some regulations in bitcoin. Slowly but surely, just needed to be updated through daily monitoring.
the use of the cryptocurrency is illegal in some countries and punishable special at MOROCCO (North Africa)
I think that's the wrong thing, they forbid cryptocurrency in their own country.
while cryptocurrency is very beneficial for the receiving country.
pity the poor who do not have jobs in MOROCCO (North Africa), which I know cryptocurrency can help people who do not have a job.
It is going to be made illegal in most backward, corrupt, dictator or oligarch driven profit seeking, as they are attempting to mobilize the man power to develop their own nation crypto-currenency. Of course the outside influenced and decentralized coins need to be made illegal. I'm surprised the gist here is that they are predominantly specifically naming Bitcoin, and that they aren't banning all CC - of course for their "peoples protection"...
the use of the cryptocurrency is illegal in some countries and punishable special at MOROCCO (North Africa)
Yes bitcoin in most countries are still look at as an illegal currency. And this is a big reason that will slow the general acceptance of bitcoin.
This persecution against bitcoin in many countries speaks only of the double standards of many politicians and economic leaders of the world, since many of them try to take over and accumulate bitcoin in secret, while in pubic they do everything possible to prohibit it, from this they make sure that only they have access to the bitcoin and not the large masses.
What is meant by illegality? If the government catches me with bitcoin, then I face punishment for it? Or am I forbidden to buy and pay them on the Internet?
I think yes there are some country that bitcoin is illegal, but here in my country I don't expect that there are android app and stores that made to bitcoin to use in buy and pay things. So that means here in my country accepted bitcoin, and some my friend thought me about the other restaurant here.
Why is it illegal?
Bitcoin being illegal in some countries probably has reasons. Maybe bitcoins are used more on illegal transactions or crime that is why the government announced bitcoin as ilegal. Or maybe they just don't have any profits from it.
Government and the users are the factors to consider here.
Sooner or later it will be implemented, for the part of the government and their good own reason why some of them ban it actually, because of what you have said maybe there are some illegal activities happening, and its true that it is so hard to track the certain person doing behind those happenings, that is why the most effective way they can do is to ban. It doesn't mean that bitcoin really is illegal, its just the people who used it doing so makes it illegal. Government and the users are the factors to consider here.
Bitcoin being illegal in some countries probably has reasons. Maybe bitcoins are used more on illegal transactions or crime that is why the government announced bitcoin as ilegal. Or maybe they just don't have any profits from it.
Government and the users are the factors to consider here.
Government and the users are the factors to consider here.
Yes, it is true. But I do not think to use Bitcoin to wait for the government to legalize it first, because without the legalkan we can use Bitcoin. that's what happened in my country, which has not legalized Bitcoin.
the use of the cryptocurrency is illegal in some countries and punishable special at MOROCCO (North Africa)
Yes. Governments of other countries does not approve the legality of bitcoin in their country. The reason of it is having illegal transactions that involves bitcoin. But goverment cant prevent users from having bitcoin and using/investing it so that illegal transactions cannot be prevented. Maybe the thinking of some governments is "Crypto will down all the banks and fiats if Bitcoin be approved".
Bitcoin become illegal because of some users who get caught by the government that deals with illegal transaction using bitcoin if this can only be prevented but since bitcoin does not control by any government it would be hard for them to prevent illegal activities so for their protection they just banned bitcoin transactions and others declare bitcoin as illegal stuff.
Yeah i have also read some articles that bitcoin is prohibited in some countries like Bangladesh,India,China etc. But i think these countries have made a wrong decision where many developed countries have approved it.
the use of the cryptocurrency is illegal in some countries and punishable special at MOROCCO (North Africa)
People can earn money on Bitcoin without paying a tax to the country. Therefore it is not profitable for the country.
Bitcoin is not totally illegal, because in some country bitcoin is usually using as natural currency, maybe you just need to reconstruct new word for that. Most of the country in Asia using bitcoin, also in my opinion it will become illegal if this crypto currency abused using it. Moreover as far as I know in the business that decentralize ownership it was allowed by the government if they can't violate the credibility of their own currency.
Therefore if the business have a good intentions to the people why they can banned it? However if the people used bitcoin in evil, yeah government have a power to suspend it in their country.
Therefore if the business have a good intentions to the people why they can banned it? However if the people used bitcoin in evil, yeah government have a power to suspend it in their country.
the use of the cryptocurrency is illegal in some countries and punishable special at MOROCCO (North Africa)
Because of anonymity, there are some countries that ban bitcoin because they cannot track the inflow and outflow of cash and cash equivalents so it would be hard for them to know if the people in their country are doing something illegal or not. Because it is decentralize, it is hard to keep track of the people who are involve with it which is not favorable for the government. Though there are some who are open to idea of accepting cryptocurrencies in their country, some just can't risk their financial status that may be compromise because of it.
yes, some of the countries still they banned bitcoi. like in china, chinese people are very open-minded incomes in money, they very good in business. i don't know why they banned bitcoin in china.
the use of the cryptocurrency is illegal in some countries and punishable special at MOROCCO (North Africa)
although bitcoin is illegal in some country, we still have many country that will support bitcoin so the citizen can use bitcoin without worried about anything. i think this is only temporary in morocco and soon we can see in morocco, bitcoin can be used and it will be legal so people from morocco is free to use bitcoin. we can not push the government to accepting or approve bitcoin because they need to learn about bitcoin before they decide to accepting or not.
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