Topic: Many Countries Government trying to stop bitcoin, what reason ....... - page 8. (Read 1518 times)
December 13, 2018, 08:02:42 AM
Would be right if you said what country you are talking about then would be more easy answer this question but i think there is situation like this counrties which arent so developed try to stop it, but others whcih are leaders in technology spector for example Japan,Korea,Singapur understand its futre and try to be early adopters here too.
December 13, 2018, 07:54:29 AM
Because BTC is a privately issued cryptocurrency, no organization guarantees it!
And BTC has some illegal applications, such as money laundering!
In order to ensure the country's economic order to maintain its own rule, the government blocked BTC to disrupt the economic order!
And BTC has some illegal applications, such as money laundering!
In order to ensure the country's economic order to maintain its own rule, the government blocked BTC to disrupt the economic order!
December 13, 2018, 07:40:13 AM
anyone know what reason stoping bitcoin many countries,,,,,,,,,,what reason ?
This is not true. Just give me 10 example countries who want to stop btc activities. Even G20 countries try to tax BTC activities or much other want to use it as an alternative to USD.
December 13, 2018, 07:19:37 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).Ooops, I thought that I put in there that they all happen with fiat as well. Must have thought it but never typed it. Still, it's the excuse they use and a lot of people only believe what they read in the mainstream news so they'll go along with it.
December 12, 2018, 09:29:35 PM
One of the main reasons is bitcoin being a decentralized currency and has no rules and regulations. So governments treat it as a ponzi scheme cause they think it's not backed by anything and cannot be monetized but clearly their a bunch of idiots that doesn't know anything about crypto currency and how it works. So they ban it without knowing anything at all.
December 12, 2018, 09:20:44 PM
Since BTC has shown a fluctuation at high rate and they can't control, they would try to protect theirselves and their citizens. I think it is understandable and acceptable when you loook from their sides.
The government just didn't want to lose the profits from taxes because of the decentralization of crypto, only their alibis banned bitcoin for reasons of protection to their communities, even though crypto actually benefits for their people? December 12, 2018, 08:44:01 PM
Many countries government are trying to stop bitcoin because , if bitcoin will be legalized in every countries it should be confirm to all people in the cummunity and the governmebt would like to regulate the movements and activities of crypto, so that if their is complain about bicoin ,the govetnment can trace the problem
December 12, 2018, 08:41:00 PM
I know one thing just for sure, to be able to stop terorrists using bitcoin for buying illegal things. And i also think that bitcoin can also do transactions for buying drugs, its also a reason. And some of the government not legalizing bitcoin because it can be use as money laundering. All of these has possibillities so that is why government trying to stop bitcoin.
December 12, 2018, 08:28:34 PM
anyone know what reason stoping bitcoin many countries,,,,,,,,,,what reason ?
purrus combat
December 12, 2018, 08:04:33 PM
I think it is for the reason that government cannot control over bitcoin because of decentralization.
December 12, 2018, 05:12:51 PM
Traditionally government can monitor all the financial transaction if you are using Fiat .Now with Bitcoin you can suddenly received huge amount of Bitcoin in and out without government monitoring you unless you convert to cash using exchange .Now they trying to create some law to monitor and forcing exchange to do KYC
December 12, 2018, 04:34:02 PM
In my opinion. it happened because of the very volatile nature of bitcoin. many users of this currency have suffered a lot of losses so that each country tries to protect its people so that it does not easily plunge into the world of crypto currencies.
December 12, 2018, 04:25:25 PM
Since BTC has shown a fluctuation at high rate and they can't control, they would try to protect theirselves and their citizens. I think it is understandable and acceptable when you loook from their sides.
December 12, 2018, 03:19:38 PM
They just take out the competition.This is not profitable for many and can destroy long-established systems. Many countries are simply afraid of this.People in General are often afraid of everything new is normal.
December 12, 2018, 02:16:22 PM
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).Ooops, I thought that I put in there that they all happen with fiat as well. Must have thought it but never typed it. Still, it's the excuse they use and a lot of people only believe what they read in the mainstream news so they'll go along with it.
December 12, 2018, 08:13:26 AM
anyone know what reason stoping bitcoin many countries,,,,,,,,,,what reason ?
I don't think it is true. Just two weeks ago, the G20 countries' met and talked with the tax for the cryptocurrency. If they wanted to stop Bitcoin, they wouldn't do it.
December 12, 2018, 08:13:06 AM
The country is stopping bitcoin because it has not been able to regulate it, let alone a lot of allegations of money laundering, the country eats raw about bitcoin and does not see the positive side. It's a pity if the government has an opinion like that.
bitcoin is more directed towards the negative because it is anonymous so that everyone can use it as any action, so the government is very difficult to legalize bitcoin. and all of that has become a risk, inevitably the government must accept all of that if you want to legalize it. December 12, 2018, 08:08:35 AM
Primary reason behind this is their fear that bitcoin may replace their own currency which will cause trouble for them.
December 12, 2018, 07:24:40 AM
For most it's because they don't have the ability to track or tax it. For others it's a tool against their dictatorship or strcit government system. I don't know of any Western nations that have Bitcoin banned.
in my opinion bitcoin made by the government is thought to damage the economy of the government and I think like that because bitcoin has not been licensed by the government thought to make the country a loss December 12, 2018, 07:07:36 AM
There may be several reasons why there are some countries that still ban bitcoin or cryptocurrency. And one of them in my opinion is because they are not ready for infrastructure and regulations
Jump to: