Topic: Reason why other ban cryptocurrencies - page 20. (Read 4385 times)
It is simple. As crypto currency has no control or no record, so any one can do laundaring. Any one can transfer money to one to another without any info. That's why others ban cryptocurrencies.
so make the bitcoin a rule when it violates it immediately and becomes a band. this crypto with bitcoin is the reason they want to control it and manipulate a bitcoin like fiat. they are all things they can not do. and because of them they will find it a risk to their economy.
Because of the volatility of the price of cryptocurrency right now. It goes up and down way too fast that make a lot of people rich and a lot of others go broke. This fact makes cryptos themselves very questionable about whether they could stay for a long time.
Government of a lot of countries really get afraid of things that are not beneficial and not trustable that could affect their economies.
Government of a lot of countries really get afraid of things that are not beneficial and not trustable that could affect their economies.
Because it is a digital currency than the transaction through online, no one can cotrolled it. It can be used for the bad transactions because no one can trace it.
Yes no one can trace it at this time, because government did not already discover a machine detector for a digital currency. And i think it is not good also for our ecinomics.
Because of the volatility of the price of cryptocurrency right now. It goes up and down way too fast that make a lot of people rich and a lot of others go broke. This fact makes cryptos themselves very questionable about whether they could stay for a long time.
Government of a lot of countries really get afraid of things that are not beneficial and not trustable that could affect their economies.
Government of a lot of countries really get afraid of things that are not beneficial and not trustable that could affect their economies.
Because it is a digital currency than the transaction through online, no one can cotrolled it. It can be used for the bad transactions because no one can trace it.
Because of the volatility of the price of cryptocurrency right now. It goes up and down way too fast that make a lot of people rich and a lot of others go broke. This fact makes cryptos themselves very questionable about whether they could stay for a long time.
Government of a lot of countries really get afraid of things that are not beneficial and not trustable that could affect their economies.
Government of a lot of countries really get afraid of things that are not beneficial and not trustable that could affect their economies.
Yes, certainly this is correct as I have noticed that also. When people move money from their country out, the country loses that certain money and because it is done digitally there is little control of what and where will these money be used for. So it is like it is wasted if not used properly.
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 everything has their own pros and cons and this is what the cons i think, on the banking society. Whereas bitcoin doesn't really need a banks to put their own money where the government can lock them down with or without your permission and this is what the pros of bitcoin. But they shouldn't worry bitcoin because there are some regulations already that has been approved but they still have to apply it to their 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.
Some countries have no laws and regulations about cryptocurrency; if there were, it is not that strong and does not apply to all kind of circumstances. With this, they might have resort to banning it altogether for the meantime until they know how to tackle and incorporate it to their economy.
Cryptocurrency is increasingly asserting its position as it has gradually gained great success and attention from the investment community. I would like the market to grow and become a big financial market in the world in the next few years.
Regulations is key to mainstream adoption of cryptocurrency. Part of government power lies in both fiscal and monetary control and idea of digital currency challenge both authorities. This is foremost among reasons for bans and restrictions.
Some countries have no laws and regulations about cryptocurrency; if there were, it is not that strong and does not apply to all kind of circumstances. With this, they might have resort to banning it altogether for the meantime until they know how to tackle and incorporate it to their economy.
Not applicable, there are many issues to address. This may be due to money laundering, corruption. These difficulties lead to unacceptable electronic money. 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.
Maybe it's from the government of the country who don't want their economy to be chaotic, so they prefer to ban the crypto currency in the future. But maybe they will change their minds.
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 agree. I think many governments want to save themselves, especially the businesses, and most especially, the people under their jurisdiction. Bitcoin and the cryptocurrency market, in all its glory, is still a market filled with volatility and instability that can certainly affect how many investments will go. With that said, by screening and deeming Bitcoin illegal, a country may save their people from such high risk.
there are main reasons the prohibitions against cryptocurrency. at least those factors are
1. the cryptocurrency mechanism is different from the current mechanism. it takes decentralized that categorized as a threat and doesn't any fit regulations to control those.
2. unknown parties have possible to do money laundering, so hard to detect with authorized financial regulations to track them. it broadens risk against the clean policy about fund resources belongs
3. there are not official regulations that control the fund within the market. it is impossible for them to make/search/intertwine mutual agreement that relates to policies or anything else. no one has take the responsibility.
1. the cryptocurrency mechanism is different from the current mechanism. it takes decentralized that categorized as a threat and doesn't any fit regulations to control those.
2. unknown parties have possible to do money laundering, so hard to detect with authorized financial regulations to track them. it broadens risk against the clean policy about fund resources belongs
3. there are not official regulations that control the fund within the market. it is impossible for them to make/search/intertwine mutual agreement that relates to policies or anything else. no one has take the responsibility.
Some countries have no laws and regulations about cryptocurrency; if there were, it is not that strong and does not apply to all kind of circumstances. With this, they might have resort to banning it altogether for the meantime until they know how to tackle and incorporate it to their economy.
One of the reason I think crypto is being banned because lots of people are iusing crypto to scam other. Another one is the government doesnt want it because they cant control people who uses crypto because of its peer to peer transactions.
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 behind the banned crypto has to do with risk assessment, loss of profits, lack of control and both mutual and sided interests.Although some of the banned have their good reasons behind, many are quite unreasonable. Generally, the idea is that Crypto is decentralised and therefore isn’t controlled by anyone. 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.
Many government ban cryptocurrency like bitcoin because disrupting banks bussiness and can not control bitcoin supply. Bitcoin is good for economy if applied on monetary government system.
In present time many national currencies are less using than crypto and the online market is expanding due to the crypto currencies and in future the scope will be more vast and in short time the fiat money will be just for those who are not able to utilize the crypto and some time crypto ban which is decentralized nature of it.
the value is considered too speculative and quite high risk, so the government does not want to take big risks to its people. besides, cryptocytes that are anonymous are vulnerable to be used as a tool for transacting illegal goods.
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.
Many government ban cryptocurrency like bitcoin because disrupting banks bussiness and can not control bitcoin supply. Bitcoin is good for economy if applied on monetary government system.
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