Topic: Reason why other ban cryptocurrencies - page 12. (Read 4352 times)
I have observed that the crypto is ban by most of the developed countries and the reason which they are describing about crypto is they do not invest in bitcoin and other crypto because each and every second is risky like if you buy bitcoin at present price and keep it with you some time it's value is more devalue than fiat money so they are against of crypto.
The main reason for prohibitions is very simple. Transfers in a currency different from the national one, lead to poor economic performance, including GDP (one of the main indicators). This way, it is easier to launder money or transfer funds outside the country. Neither banks nor payment processors will get their interest.
McCall Robinson a manager of Merchant Accounts, believes that most countries prohibit Bitcoin because it cannot be regulated and he said that. "Many governments do not like the very idea that there is another form of currency that they are not able to control. The supervision takes place on the Internet. Some countries consider it as danger to their society and government.
McCall Robinson a manager of Merchant Accounts, believes that most countries prohibit Bitcoin because it cannot be regulated and he said that. "Many governments do not like the very idea that there is another form of currency that they are not able to control. The supervision takes place on the Internet. Some countries consider it as danger to their society and government.
Most government ban and prohibit bitcoin because afraid used for money laundering. But if that a reason government ban bitcoin, i think its not fair too because US dollar used for money laundry too and much bigger than cryptocurrency
The main reason for prohibitions is very simple. Transfers in a currency different from the national one, lead to poor economic performance, including GDP (one of the main indicators). This way, it is easier to launder money or transfer funds outside the country. Neither banks nor payment processors will get their interest.
McCall Robinson a manager of Merchant Accounts, believes that most countries prohibit Bitcoin because it cannot be regulated and he said that. "Many governments do not like the very idea that there is another form of currency that they are not able to control. The supervision takes place on the Internet. Some countries consider it as danger to their society and government.
I think that has led to many hindrances to the rapid development of Cryptocurrency. But now the capitalization of this market is huge and governments can do nothing but ban. Big criminals, big businesses are still laundering money to evade taxes a lot. the government can not do anything else! McCall Robinson a manager of Merchant Accounts, believes that most countries prohibit Bitcoin because it cannot be regulated and he said that. "Many governments do not like the very idea that there is another form of currency that they are not able to control. The supervision takes place on the Internet. Some countries consider it as danger to their society and government.
The main reason for prohibitions is very simple. Transfers in a currency different from the national one, lead to poor economic performance, including GDP (one of the main indicators). This way, it is easier to launder money or transfer funds outside the country. Neither banks nor payment processors will get their interest.
McCall Robinson a manager of Merchant Accounts, believes that most countries prohibit Bitcoin because it cannot be regulated and he said that. "Many governments do not like the very idea that there is another form of currency that they are not able to control. The supervision takes place on the Internet. Some countries consider it as danger to their society and government.
McCall Robinson a manager of Merchant Accounts, believes that most countries prohibit Bitcoin because it cannot be regulated and he said that. "Many governments do not like the very idea that there is another form of currency that they are not able to control. The supervision takes place on the Internet. Some countries consider it as danger to their society and government.
Most government ban and prohibit bitcoin because afraid used for money laundering. But if that a reason government ban bitcoin, i think its not fair too because US dollar used for money laundry too and much bigger than cryptocurrency
Officials do not care about their country. They're more worried about billions of dollars going past their pockets. Therefore, they are so skeptical not only about bitcoin, but also about the entire cryptocurrency.
Yes they only want to have dollar in their pocket but actually they are not aware of benefit they can get from investing or accepting bitcoin, recently china has realized the mistake for banning bitcoin and they unbanned again, and those who are not accepting or banning it are going to regret because bitcoin is not only economically beneficial for them but for their whole country so they should not ban it at all. 
Governments are afraid that cryptocurrencies can take over conventional bank and make financial on that country become worse. Also people think that cryptocurrencies are illegal, because it can be used to fill terrorism's funds and buy illegal things like weed, guns and stuff. Which they want to stop this thing
I think the reason why other ban crypto because crypto is a new currency, unstable, highly fraudulent and has not reached a certain balance like some other markets such as stock, gold .... Governments have not recognized crypto to protect people against scam risks. Once crypto is more transparent and stable, I think it will be recognized and become more popular.
I disagree completely with you, bitcoin and cryptocurrencies in general need to become successful in their own right without the help of the government, we are trying to achieve a payment system that is not reliant on governments or banks, governments do not want to adopt cryptocurrencies because they are opposed against its ideals and not because of the scams or crimes going on. 
Officials do not care about their country. They're more worried about billions of dollars going past their pockets. Therefore, they are so skeptical not only about bitcoin, but also about the entire cryptocurrency.
This is not the case for all the time. It might be that the government doesn't have the necessary ways to deal with cryptocurrencies and they are banning it for the meantime until they find it. Cryptocurrencies are fairly new to our generation, integrating it in a country without exerting necessary caution will be disastrous. 
Officials do not care about their country. They're more worried about billions of dollars going past their pockets. Therefore, they are so skeptical not only about bitcoin, but also about the entire cryptocurrency.
As long as they found no ways to gain money at crypto since they don't have access in it, every government may not be in favor in it, but if that country really wants growth and believes in technology they can give it a try. 
Officials do not care about their country. They're more worried about billions of dollars going past their pockets. Therefore, they are so skeptical not only about bitcoin, but also about the entire cryptocurrency.
The main reason for prohibitions is very simple. Transfers in a currency different from the national one, lead to poor economic performance, including GDP (one of the main indicators). This way, it is easier to launder money or transfer funds outside the country. Neither banks nor payment processors will get their interest.
McCall Robinson a manager of Merchant Accounts, believes that most countries prohibit Bitcoin because it cannot be regulated and he said that. "Many governments do not like the very idea that there is another form of currency that they are not able to control. The supervision takes place on the Internet. Some countries consider it as danger to their society and government.
Yeah, those are the main reasons why btc is hard to get into official currency globally or in any other country because everything will be crazy if the government accepts it. btc should be considered a kind of asset to support transactions for cash rather than an official currency McCall Robinson a manager of Merchant Accounts, believes that most countries prohibit Bitcoin because it cannot be regulated and he said that. "Many governments do not like the very idea that there is another form of currency that they are not able to control. The supervision takes place on the Internet. Some countries consider it as danger to their society and government.
I think they banned Cryptocurreny because they can't control it more people they use for illegal activities.
Due to money laundering issues but it is not the fault of Bitcoin as we can put the blame on their governance system should take care of these things. Countries are making progress with it and the governments of these countries have grasp over reducing the money laundering issues happening in the crypto world. So we should not give the blame to Bitcoin but good governance is required for the progress of its country.
They are afraid of the evolution that's why some governments and countries not allowing it because they think that bitcoin has no future and it's just a bubble and mostly the negativity that media brought upon on bitcoin that made huge impact back then. But as of today many countries already accepting bitcoin and soon more to come because they sees that bitcoin has gained lots of community supports and already shown great potential towards future success of payment system.
There are countries that is banning Cryptocurrency because of the security issues,some people use it in illegal ways like money laundering,buying drugs and also the terrorist use it to buy guns that why the government not accepting it they want to protect their citizens,and also it is decentralize we can trade crypto anywhere without middleman and it is not allowed in the SEC restricted countries.
For some reason government or countries ban bitcoin... for one they cannot seems to control it because its decetralized and also they're not yet familiar with digital concept and when it comes to currency they're not sure of its condition in the market becuase of it high and low condition.
The main reason for prohibitions is very simple. Transfers in a currency different from the national one, lead to poor economic performance, including GDP (one of the main indicators). This way, it is easier to launder money or transfer funds outside the country. Neither banks nor payment processors will get their interest.
McCall Robinson a manager of Merchant Accounts, believes that most countries prohibit Bitcoin because it cannot be regulated and he said that. "Many governments do not like the very idea that there is another form of currency that they are not able to control. The supervision takes place on the Internet. Some countries consider it as danger to their society and government.
McCall Robinson a manager of Merchant Accounts, believes that most countries prohibit Bitcoin because it cannot be regulated and he said that. "Many governments do not like the very idea that there is another form of currency that they are not able to control. The supervision takes place on the Internet. Some countries consider it as danger to their society and government.
There are countries who are banning cryptocurrency because their own economy is not improving because of the grow of cryptocurrency and most of the people prefer to place their money on bitcoins rather than on the banks.
I think, bitcoin and the whole cryptocurrency system is being banned in some governments or some places because it has lots of issues that the government is facing, one of this is the tax issues, this is one of the biggest issue that has been going around the globe, but there are still lots of problem or issue that cryptocurrency is facing and I think it would take time before it could be given a solution.
Most of the governments detest cryptocurrencies especially Bitcoin because of its anonymous nature which make transactions unable to be tracked along with the users involved. The governments claim Bitcoin is involved in drug trafficking, terrorism funding, money laundering etc due to this feature of anonymity of the crypto technology.
Government globally want to ensure they protect there citizen and economy against the lost in crypto as the space is quit volatile and also without regulations that can serve as a control mechanism in the space, this are some of the reasons why government ban crypto in there countries.
Bitcoin is one of the popular virtual cryptocurrency money. In fact, with the various benefits that Bitcoin has, there are several countries that buy this crypto currency. This happens not without reason, for sure every country has their own reasons. Generally the blocking is for reasons like the following.
- Virtual currencies are difficult to control
- Easy to use for fraud
- Damaging the world of investment
- Used illegal transactions
However, in my personal opinion the reason for the ban must have its own reasons. As for China, which prohibits such reasons, it actually creates crypto currency, which is not much different from bitcoin. They deliberately forbid because they are aware of the benefits of crypto currency, it's just that they are still observing the development of crypto to adopt this system.
- Virtual currencies are difficult to control
- Easy to use for fraud
- Damaging the world of investment
- Used illegal transactions
However, in my personal opinion the reason for the ban must have its own reasons. As for China, which prohibits such reasons, it actually creates crypto currency, which is not much different from bitcoin. They deliberately forbid because they are aware of the benefits of crypto currency, it's just that they are still observing the development of crypto to adopt this system.
Jump to: