I think Most countries that are have banned digital currencies in general, also like to have in control the consumer protection and anti-criminal activity that can also be one of the reasons for a cryptocurrency ban. However the factor number one for the bans is mostly based on lack of understanding of how cryptocurrencies work and why the blockchain technology is important.
Do you think that politicians are dumb? You do not get to those positions by not knowing what it's happening, they understand very well what cryptocurrencies are about, governments have seen how a new technology destroy a whole industry and they do not care about that, but they are seeing that the ones that are going to be the most affected by the use of cryptocurrencies are themselves and they do not like that at all and are going to do everything they can to avoid that fate. 
Topic: Reason why other ban cryptocurrencies - page 13. (Read 4386 times)
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.
In addition to the government's inability to control money laundering, bitcoin also reduces banks' profits by depositing savings. The government is fed by bank and tax, the bitcoin exchange will not take tax and the government will go bankrupt 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 maybe because of the thinking that people who are enjoying cryptocurrencies lead them to lazyness and being unproductive.
Because cryptocurrency is so convenient, the traditional banks seem a bit afraid in it. But in the end, they won't be able to hold it back because it is the system of the future. There is some opposition for now, but in the end, it will melt away. Don't you agree?
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 Cryptocurrency is being used by bad guys to launder money and some businesses are tax evasion. That's why it's always been bullied by journalists and bad news about it. But with risk, you will also have a lot of money. This is the point I particularly like in the Crypto market. 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.
Many country and people do not like for present of bitcoin and cryptocurrency, they have faced bad moment with bitcoin situation and ever get lost money by investmnet at bitcoin. stronger reason why they have dislike about bitcoin and cryptocurrency.
Some countries do not accept bitcoin transactions as well as they forbid bitcoin to be legal because they have not really expanded to digital and bitcoin markets.
The main reason I think is cryptocurrency still not legal in many countries so definitely they are banning the operation of BTC or any other Blockchain technology.
Some countries banned this currency and they can not accepting for their countries because they think that it will not good for banks and some are thoughts that it is harmful for our country but actually bitcoin is very helpful and beneficial currency for every country, if you see that those countries who accept this currency they are very developed countries and they don't think that bitcoin will harmful rather they are really like this currency.
The main reason I think is cryptocurrency still not legal in many countries so definitely they are banning the operation of BTC or any other Blockchain technology.
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.
The reason why other countries banned cryptocurrencies because they think it is only been used to trick people to invest their money in cryptocurrencies or scam people, but it is not true. Hoping that scammers wil be removed and banned in the world of cryptocurrency for it will be accepted in every country. 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.
Many countries banned cryptocurrencies because they believed in false news that are spreading in social medias that ut is being used in illegal activities such as scam, that is why i am hoping that scammers will be removed because it is ruining cryptocurrency. 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.
There are a lot of countries already who banned the use of crypto within their area. Some of them banned the use of crypto since they see it as a threat to their economy wherein as their citizen earn large amount from a taxless job, the economy will go down with it also. Some ban it since the government and banks can be replaced by crypto so I think they are just playing safe. 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 any country to ban cryptocurrency is the fact that cryptocurrency are not under the control of any government.Government cannot control cryptos transactions.So in order to stop or we can say to prevent the misuse of cryptocurrency they ban them because people find it as a way to perform illegal dealings using cryptos as they know that they will not get caught.
I certainly agree with that opinion, we all know that no one can control cryptocurrencies especially bitcoin and even the government has no power to control or manipulate it simply because it is decentralized. Furthermore, as of now there are some countries that started to ban it and I think it is totally bad especially to the people who have cryptocurrencies. But, it some countries it is legalize so that there is nothing to worry and I do believe that in the near future it will be legalized.
Out of curiosity, do we have a list anywhere of what cryptos are currently banned, and in what jurisdictions?
The fundamental explanation behind any nation to boycott cryptographic money is the way that digital currency are not under the control of any government. Government can't control cryptos transactions. So keeping in mind the end goal to stop or we can state to keep the abuse of cryptographic money they boycott them since individuals discover it as an approach to perform unlawful dealings utilizing cryptos as they realize that they won't get captured.
I would say that there is many reasons that we even don't have a clue about because those guys who are sitting above us are having their own interests in the cryptocurrency.
It's true that the real reason to ban bitcoin in a different country. One is that bitcoin is used as an illegal transaction such as drugs and terrorists. There is also a reason for corrupt government officials, while bitcoin with blockchain technology can prevent corruption because the data is controlled from multiple servers. 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.
Why not go straight to the point that the governments hated the idea of having uncontrollable currency because they can do corruption,their evil works will end when the time comes cryptocurrency took over the place and fiats will be secondary’s for transctions and financial needs
The 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. And dont be easy to be honestly for everything
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. And dont be easy to be honestly for everything
According to me the main reason is that many countries believe that it will affect their economy so they are banning cryptocurrency.Moreover their is no central management to control it.Crimes can occour very easily with the support of cryptocurrencies because of no control on them so many countries are afraid of declaring it legal.
there are several reasons why other cryptocurrency prohibits, especially by the government: 1) the absence of regulators and lack of legal certainty, so that no institution can ensure its security; 2) The fluctuating exchange rate so that it is vulnerable to causing an economic bubble; 3) User identity that can be disguised, making it vulnerable to use in illegal activities; and if there is no regulator, the government cannot control because it does not have control as they do with the central bank of the country. other than that they cannot collect taxes from cryptocurrencies transactions because the transactions are carried out person to person without an official intermediary institution.
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