Reason why other ban cryptocurrencies - page 16.

OrangeSeller

hero member

Activity: 1008

Merit: 501

Quote from: Dr.Osh on August 30, 2018, 04:56:46 AM

Quote from: Kat_messy on August 30, 2018, 03:25:23 AM

Bitcoin is not banned anywhere in Europe, but mostly in 3rd world countries and in Russia and China. They are banning it only because it does not comply with they law system.

well, hopefully it won't increase. I also heard that Arabs banned bitcoin, and that was a shame. I just hope that they all open opportunities again in this case, so that the cryptocurrency can be developed.

As time goes on, I want to believe a lot of countries, regions, and religions will open their minds to the essence of cryptocurrency and the advantage it brings. It is still early and it is a lot technical for some to wrap their heads around but as we keep forging ahead, things would start becoming clearer, we will get to start seeing more acceptances and hopefully a whole lot will change for the better.
What we should be more concerned about is seeing more real life usage cases for this space.

valentine401

full member

Activity: 378

Merit: 100

Quote from: Mr. Legendaris on September 07, 2018, 04:13:36 AM

I think this is because of excessive fear, it must be admitted that the number of haters who pay for all media makes many countries afraid and thinks that crypto is a scam so it chooses banned cryptocurrencies.

I believe that some of the media's today are being bribed in order for them to create a negative news about cryptocurrency in order to decrease the growth of cryptocurrency in their country.

Btcalimie

newbie

Activity: 209

Merit: 0

For me the best reason I could consider why alot countries banning cryptocurrency is because of security issues. We all know that regarding computers and online platforms have a high risk of being hacked. This is the trigger mechanism for those country to ban crypto.

Yantoaja

member

Activity: 322

Merit: 16

hmmmm i aggre with you cause goverment can take any tax for purchasing a stuff buying with crypto, so the crypto is cant control by a goverment. and your reason is good bro two thumbs up

binting

member

Activity: 210

Merit: 10

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 ....government have not recognized crypto to protect people against scam risks,,crypto is more transparent and stable, it will be recognized and become more popular...

Elyziey

newbie

Activity: 82

Merit: 0

As for my opinion, some people who do bad things are using cryptocurrencies for illegal transactions like money laundering. The put their money as if they are investing in Cryptos and pull it back transferring to their other accounts. Such an illegal act why some countries or government is eliminating.

Ranly123

full member

Activity: 952

Merit: 104

★777Coin.com★ Fun BTC Casino!

Quote from: kenlyresuello08 on August 21, 2018, 02:13:27 AM

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 a governments perspective, it would be difficult for them to include cryptocurrency in auditing the earnings of every investors. But in our own side, we definitely help our economy in a way that the government did no notice because they did not hold any information on our earnings. Also, government had not yet established a rule that can make cryptocurrency taxable.

Mr. Legendaris

sr. member

Activity: 468

Merit: 250

I think this is because of excessive fear, it must be admitted that the number of haters who pay for all media makes many countries afraid and thinks that crypto is a scam so it chooses banned cryptocurrencies.

onrise

sr. member

Activity: 1512

Merit: 316

Quote from: suraza21 on September 03, 2018, 09:28:23 AM

The reason why crypto is banned by some countries is because their government is afraid that the crypto market is a bubble that could make their country's economy suffer and make their country lose control

They think that it can be misused and cause the threat to many citizens of their country which they do not want to make it happen . Also they think it could create more scams across their financial and this will make it more threat as then already country may be investigating other scams and this will add more work to them.

Hatuferu

legendary

Activity: 1092

Merit: 1000

https://trueflip.io/

Quote from: turkandjaydee on September 06, 2018, 07:45:11 PM

Quote from: boyptc on September 03, 2018, 09:36:27 AM

Quote from: kristineirene on September 02, 2018, 01:36:02 PM

The main reason why they are trying to ban the crypto is it because they think that it will not be helpful for example in one country they might think that it will not gonna help in the country because it doesn't have a stable proc eon it not like a cash were it have a same amount that it can use right away with no hassle.

Not only that it won't help their country but they are banning it because it can lead their people to be part of such shady activities.

They only looking to crypto's as something illegal related currency, they never see the good side of using crypto's to avoid extremely high fees and slow process of the traditional system.

I can understand if they scared to something they cant control, well something can unexpectedly happen. And the cryptocurrency can make the value of the country's currency decreases which will have a big impact to the economy in the country.
But blockchain is truly a great innovation and will improve many things in this world, government wont be able to avoid that.

I agree on you.But we cannot force some countries from stop banning bitcoin since it's their freedom to choose the currency that they preferred to use.And let's just say that not everybody can totally adopt the fast changing digital world we are heading right now.

turkandjaydee

hero member

Activity: 1456

Merit: 567

Quote from: boyptc on September 03, 2018, 09:36:27 AM

Quote from: kristineirene on September 02, 2018, 01:36:02 PM

The main reason why they are trying to ban the crypto is it because they think that it will not be helpful for example in one country they might think that it will not gonna help in the country because it doesn't have a stable proc eon it not like a cash were it have a same amount that it can use right away with no hassle.

Not only that it won't help their country but they are banning it because it can lead their people to be part of such shady activities.

They only looking to crypto's as something illegal related currency, they never see the good side of using crypto's to avoid extremely high fees and slow process of the traditional system.

I can understand if they scared to something they cant control, well something can unexpectedly happen. And the cryptocurrency can make the value of the country's currency decreases which will have a big impact to the economy in the country.
But blockchain is truly a great innovation and will improve many things in this world, government wont be able to avoid that.

hotBriX001

jr. member

Activity: 224

Merit: 6

The revolutionary trading ecosystem

Quote from: BCSHonda on September 06, 2018, 05:57:21 PM

Quote from: RavenHood on September 01, 2018, 07:39:14 AM

The reason why other country ban cryptocurrencies because its decentralized and they can’t control it if you can’t control the currency that coming to your state you can’t get regular or can’t deduct the correct tax to your people. The other reason is some people are using the advantage to do their illegal work, like selling drugs and smuggled stuff. Another reason is maybe they are creating their own cryptocurrency like another country, and they don’t want to use the other cryptocurrency that they don’t own.

It is still difficult to overcome. And we need more time to change. The main purpose is to accept it and not be affected by anything.

I think the main reason why other countries ban cryptocurrencies because they have no control with it. It is very difficult to control decentralized currency in which if they want to control it they need to regulate it first by lawful means.

xuan87

legendary

Activity: 1666

Merit: 1001

Quote from: kenlyresuello08 on August 21, 2018, 02:13:27 AM

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.

It is reasonable for the government feel afraid to something that they can't control, with the anonymity and decentralise, crypto can make people to avoid tax, and it could be easily used for money laundering, but the government should see something beyond that, the government also need to consider this as the future technology to help payment from different countries

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: Baksobakar on September 06, 2018, 03:16:56 PM

Quote from: Btcallans on August 27, 2018, 09:04:57 PM

I think the most common aspect why other countries keep banning cryptocurrency is due to the security measures. Many already become a victim of scams at many still doubting if there is someone who is manipulating the prices of cryptocurrency.

I think After crypto is more transparent and stable, I think it will be recognized and become more popular. I think the reason why the other ban is crypto because crypto is a new currency, is unstable, is very fraudulent and has not reached a certain balance like some other markets such as stocks, gold. The government has not recognized the crypto to protect people from the risk of a scam.

For me,some countries have banned bitcoin because of the fact that it is not legalized by the government itself.Because of its high volatility,the price varies from time to time making most of the people become confused since they are used with fiat currencies with fixed amount.

BCSHonda

member

Activity: 392

Merit: 10

Quote from: RavenHood on September 01, 2018, 07:39:14 AM

The reason why other country ban cryptocurrencies because its decentralized and they can’t control it if you can’t control the currency that coming to your state you can’t get regular or can’t deduct the correct tax to your people. The other reason is some people are using the advantage to do their illegal work, like selling drugs and smuggled stuff. Another reason is maybe they are creating their own cryptocurrency like another country, and they don’t want to use the other cryptocurrency that they don’t own.

It is still difficult to overcome. And we need more time to change. The main purpose is to accept it and not be affected by anything.

hahay

legendary

Activity: 3486

Merit: 1055

Leading Crypto Sports Betting & Casino Platform

Quote from: kenlyresuello08 on August 21, 2018, 02:13:27 AM

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.

If the government considers cryptocurrency to be a danger to society, it may be due to high concerns about illicit trade and government concerns about money laundering etc. But if the government is observant with more positive facts that occur from crypto, then the government should believe that crypto's ability to improve the financial well-being of its people is better and I feel very good to improve the economy of a country.

Baksobakar

newbie

Activity: 46

Merit: 0

Quote from: Btcallans on August 27, 2018, 09:04:57 PM

I think the most common aspect why other countries keep banning cryptocurrency is due to the security measures. Many already become a victim of scams at many still doubting if there is someone who is manipulating the prices of cryptocurrency.

I think After crypto is more transparent and stable, I think it will be recognized and become more popular. I think the reason why the other ban is crypto because crypto is a new currency, is unstable, is very fraudulent and has not reached a certain balance like some other markets such as stocks, gold. The government has not recognized the crypto to protect people from the risk of a scam.

BartS

sr. member

Activity: 980

Merit: 255

Quote from: kristineirene on September 02, 2018, 01:36:02 PM

The main reason why they are trying to ban the crypto is it because they think that it will not be helpful for example in one country they might think that it will not gonna help in the country because it doesn't have a stable proc eon it not like a cash were it have a same amount that it can use right away with no hassle.

Only if that was true, you're seeing this from the wrong angle governments do not like cryptocurrencies for the reasons that you state, they are not interested in protecting the public from potential fraud or anything like that, what they care about is that with cryptocurrencies they are going to lose control of the money of the people, and without that control they feel vulnerable because they have grown to big and they know that if they do not stop this they will have to get smaller.

chaoscoinz

sr. member

Activity: 1151

Merit: 260

☆Gaget-Pack☆

Quote from: kenlyresuello08 on August 21, 2018, 02:13:27 AM

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.

Seems like pretty good reasons to me why they don't trust it. We should also consider that this technology is a real disruptor to the current economic industry. Cypto is beginning to be considered what some might call, "dare I say", "dangerous!"
Crypto really throws a wrench into the plans of modern day finance. However, it is quite a useful technology that many seem to be adopting slowly over time.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: kristineirene on September 02, 2018, 01:36:02 PM

The main reason why they are trying to ban the crypto is it because they think that it will not be helpful for example in one country they might think that it will not gonna help in the country because it doesn't have a stable proc eon it not like a cash were it have a same amount that it can use right away with no hassle.

Not only that it won't help their country but they are banning it because it can lead their people to be part of such shady activities.

They only looking to crypto's as something illegal related currency, they never see the good side of using crypto's to avoid extremely high fees and slow process of the traditional system.

Topic: Reason why other ban cryptocurrencies - page 16. (Read 4352 times)