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.
They're right, it is a Danger....Danger to their fortunes. Banks are just making much more money that they don't even need. The big interests just goes to them and not all to the government. And even after the government received some amount from it, it is already dwindled down because the officials have already shared some of its portion.
that is the thing that the government want to stop they dont have the control since it will over the internet it is hard for them to monitor each and every transaction that is happening, people and government officials can transfer money without a trace with their identity.
