The basic reason why some country's government are trying their possible best to stop Bitcoin is that, they do not understand the purpose and the principles behind how Bitcoin operates. When people lack understanding for a particular thing, they either try to prevent the progress of it or spread false speculation about it.
certainly in a government knows what bitcoin is and what bitcoin goals are like, what they don't know is how to regulate and control it for safety and loss of crime, which is difficult for the government so many governments try to stop bitcoin.
Topic: Many Countries Government trying to stop bitcoin, what reason ....... - page 4. (Read 1518 times)
December 22, 2018, 11:30:18 PM
December 22, 2018, 10:29:16 PM
they see bitcoin as a real threat that the government continues to oppose it.
but they never want to learn and want to know what the benefits of bitcoin are themselves even though there are already countries that legalize them.
but they never want to learn and want to know what the benefits of bitcoin are themselves even though there are already countries that legalize them.
December 22, 2018, 10:19:34 PM
The basic reason why some country's government are trying their possible best to stop Bitcoin is that, they do not understand the purpose and the principles behind how Bitcoin operates. When people lack understanding for a particular thing, they either try to prevent the progress of it or spread false speculation about it.
certainly in a government knows what bitcoin is and what bitcoin goals are like, what they don't know is how to regulate and control it for safety and loss of crime, which is difficult for the government so many governments try to stop bitcoin. December 22, 2018, 06:34:55 PM
The basic reason why some country's government are trying their possible best to stop Bitcoin is that, they do not understand the purpose and the principles behind how Bitcoin operates. When people lack understanding for a particular thing, they either try to prevent the progress of it or spread false speculation about it.
December 22, 2018, 06:32:41 PM
Most government are predominately scared of the autonomy bitcoin will give to it members rather than the the government being the sole controller of it and in that case they turn to schedule a lotof indescrepant claims on bitcoin as a way of aiding bad things rather than looking at the good side. Irrespective of thies claims on bitcoin, we have all witnessed what these traditional or national currencies are capable of doing but yet most countries are not worried about that but only bitcoin. And for me i know as most government start to change their mind the change will affect them so. For every good thing comes with a price and we will get there soon.
December 22, 2018, 05:49:00 PM
anyone know what reason stoping bitcoin many countries,,,,,,,,,,what reason ?
Mainly I think for security. Bitcoin possesses the feature called anonymity and it was very accessible platform on which onvaders or future terrorist will be credited as an ordinary group of people, bit the country didnt know they they were slowly being invade, and the lives of people matter this will be a great threat for everyone, starting from drugs up to database anomalies will be possible.
December 21, 2018, 12:04:32 PM
I think they are afraid of the loss of control that cryptos can cause in the government, we all know that the current financial system has close relations with the government and that causes a strong control with the citizens, as cryptos are decentralized and is quite difficult to control things over here.
December 21, 2018, 11:58:04 AM
I think the main reasons for that are the possibility for money laundering and no regulation mechanisms.
December 21, 2018, 11:20:53 AM
of course the bad reason for the results obtained in crypto currency investment for the country may be the massive inflation of the local currency and a means of money laundering
I think the obstacle of the government does not allow and do well by bitcoin because there is no law on the existence of bitcoin or digital money or foreign money and I lead there because this bitcoin actually appears suddenly and can produce very satisfying results and I think we can make the country's economy fall I think so December 21, 2018, 11:16:13 AM
of course the bad reason for the results obtained in crypto currency investment for the country may be the massive inflation of the local currency and a means of money laundering
I think the obstacle of the government does not allow and do well by bitcoin because there is no law on the existence of bitcoin or digital money or foreign money and I lead there because this bitcoin actually appears suddenly and can produce very satisfying results and I think we can make the country's economy fall I think soWithout a doubt like you have mentioned bitcoin is unknown for many countries and it can effect the economy in a higher rate of a country and that has become a main reason why countries are trying to ban or restrict bitcoin locally for there citizens so even there are many benefits that can gain by using it with the financial processes governments are afraid to allow it because they have no certain idea about the outcome of it and this has become a big issue for bitcoin to expand
December 21, 2018, 10:34:18 AM
anyone know what reason stoping bitcoin many countries,,,,,,,,,,what reason ?
Why the government forbids bitcoin, the reason is just simple, surely the government will not get money, because bitcoin is a currency that people might not know, and the government will not be able to see some BTC that person has, and that is very different from fiat currency, where you have so much money at an ATM then you will be taxed quite a lot and if you open a business you will certainly also be taxed for the construction and security of your money. so that's the reason why the government prohibits Bitcoin from growing in your country ...
December 21, 2018, 10:19:08 AM
of course the bad reason for the results obtained in crypto currency investment for the country may be the massive inflation of the local currency and a means of money laundering
I think the obstacle of the government does not allow and do well by bitcoin because there is no law on the existence of bitcoin or digital money or foreign money and I lead there because this bitcoin actually appears suddenly and can produce very satisfying results and I think we can make the country's economy fall I think so 
December 21, 2018, 09:53:05 AM
Most likely, the government cannot afford to adopt a currency that cannot be controlled. Bitcoin is too modern and perhaps it is even ahead of our time. I think that in the future it will be actively used.
- Being uncontrollable when applied to reality is also a reason that makes the government try to stop bitcoin, they do not want anything out of their control, that will make them face a lot of big problems in society, like underground transactions or black market. But the more important reason is probably that they do not want the people in their country to participate in it too much because bitcoin is a very modern product, useful and fascinating, so many people have given up their jobs or sold all their possessions to invest in bitcoin, if this continues and lasts, society will collapse and crisis 
December 21, 2018, 08:23:15 AM
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 
yep, this is one reason that can represent the background of why the government continues to try to bring down the bitcoin market. when they cannot control all forms of bitcoin transactions, at that time they lose billions of transaction taxes that they should be able to implement, the profits that the government wants with its stupid partners, namely conventional banks. Bitcoin which tends to be anonymous is used as a scapegoat and weapon to attack, as if bitcoin transactions are the most prone to crime, even though the fact is that conventional systems have had criminal records more than decades ago.
December 21, 2018, 08:18:29 AM
The decision to accept or not cryptocurrency by the state has many factors, political factors greatly influence. Besides that the condition of the country is not ready to keep up with technological developments, even some countries are still traditional for payment transactions. Another factor is price manipulation, security, money laundering and other crimes that cannot be controlled by the state.
December 21, 2018, 06:36:30 AM
There are numerous reasons why these countries' Governments are not allowing or its either claiming that BTC is illegal or neutral to some countries, first of all is because BTC is indeed decentralized and it is the fact that these Governments wants some part of Bitcoin, so it means that they don't only want to legalized Bitcoin because it will help citizens but it is simply because they want to have control over it which is absurd and I think will ruin everything if you let the Government touch Bitcoin.
December 21, 2018, 05:11:57 AM
First of all the crypto currencies are decentralized. This means that they have no control or power over it. The Government is power hungry and they do not like giving up full freedom to people specially when it is about money. They are actually not trying to stop the usage of crypto currencies, rather is trying to put on as much regulation as possible to bring indirect control over it. They do know that it is actually almost impossible to stop its usage.
December 21, 2018, 04:59:03 AM
the reason as I see it is very simple
those governments don't want any competitor in money laundering
those governments don't want any competitor in money laundering
December 21, 2018, 04:49:07 AM
anyone know what reason stoping bitcoin many countries,,,,,,,,,,what reason ?
The lack of regulation on the use of bitcoin in a country makes people can use this currency freely like buying drugs, fraud and money laundering. Bitcoin is a decentralized currency that from the beginning there are no rules at all. December 21, 2018, 04:37:45 AM
Actually its not really many countries trying to stop Bitcoin, but those countries that don't want Bitcoin to be used in their countries have issues about it, such as it is known for being used for illegal transactions on its early days and it is hard to trace transactions being made so governments will have a hard time chasing money launderers. In short governments don't have full control on cryptocurrency so some countries are prohibiting the use of it or exchanging it with their local currency.
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