Many Countries Government trying to stop bitcoin, what reason ....... - page 11.

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Quote from: rakibul1364 on December 11, 2018, 06:13:49 AM

anyone know what reason stoping bitcoin many countries,,,,,,,,,,what reason ?

The answer is very simple, the politics and the greed of the politicians. To put it differently, politicians are a small group of greedy people who think only of themselves and they defend their own interests, they approve the laws that benefit them, and approve policies in order to control their citizens. Bitcoin is decentralized and is anonymous and because of this, politicians have difficulties in controlling bitcoin, so as they can not control bitcoin they look bitcoin as their enemy.

antisocial77

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actually they dont want to stop bitcoin/crypto. they want to take control of it plus ofcourse tax issue.for me, this is what is going to be.crypto will be under control of government and our dream will be gone.

SMD.Shuvo

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Yes it is true At first I will say that money is laundering by earning a lot of money. It's a big fraud. Thus there is a lot of damage to the country. That's why many governments are trying to stop Bitcoin.

BitcoinGirl.Club

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Because they fear that they can not control their citizens. Government always wants to rule their citizens and the best way is for that, to have access in the finance of the citizens (Like bank). If Bitcoin takes the place of the traditional banking then the government will lose their almighty power and they don't want it to happen.

Quote from: tdrinker on December 11, 2018, 07:13:29 AM

Bitcoin poses a threat to their current monetary system as well as enabling money laundering, tax evasion and enabling in financing terrorism.

These are still happening using fiat currency (cash only).

nicko122

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Quote from: rakibul1364 on December 11, 2018, 06:13:49 AM

anyone know what reason stoping bitcoin many countries,,,,,,,,,,what reason ?

There are many reasons. Of course among the main ones price instability and the impossibility of complete control of coins. But also each country has its own currency and it is beneficial for the state when people invest in the national currency.

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Quote from: rakibul1364 on December 11, 2018, 06:13:49 AM

anyone know what reason stoping bitcoin many countries,,,,,,,,,,what reason ?

in my opinion, in many countries that want to stop bitcoin because their banking is threatened with the emergence of bitcoin, bitcoin is rapidly reducing bank customers around the world, bitcoin holders prefer to save their money in bitcoin wallets because they are free from state tax

tdrinker

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Not that many countries are actively trying to prohibit bitcoin however a lot are trying to regulate it. Bitcoin poses a threat to their current monetary system as well as enabling money laundering, tax evasion and enabling in financing terrorism. To the extent these things happen is not clear but those are the most common lines you hear coming out of such countries.

proTECH77

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Quote from: rakibul1364 on December 11, 2018, 06:13:49 AM

anyone know what reason stoping bitcoin many countries,,,,,,,,,,what reason ?

Candidly speaking, the most interesting reasons why many countries tend or ban bitcoin is the power of freedom that bitcoin brought to it holders. Freedom of being your Own Bank, freedom of spending and so on, these are against the traditional ways of transacting currency(fiat). But bitcoin cannot be stop for whatsoever reason they claim because; bitcoin is the mainstream of the tech. called blockchain.

wujek

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They want to stop it because they can't control bitcoin, people can pay anonymously, so this is the pain in the ass of goverments

dothebeats

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First reason that they.come up with is to prevent money laundering before it even becomes big. I don't see and feel the need for such bans as money laundering and fraud can still be accomplished using traditional financial instruments. If only they see the bigger picture and just allow bitcoin and crypto to flourish and find ways to monetize it instead of banning, that'll be great and far more beneficial than their proposed solution, but I guess some countries wouldn't just accept modern technologies easily, as evidenced by these countries banning bitcoin without a pleasing and convincing argument.

rakibul1364

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anyone know what reason stoping bitcoin many countries,,,,,,,,,,what reason ?

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