Topic: Reason why other ban cryptocurrencies - page 8. (Read 4352 times)
That's not the main reason. Because blockchain technology also makes many criminals stronger. They can transport money over the internet, which makes it harder than ever to find them. There are many factors that make the Crypto market banned in some countries.
For me the reason why other ban cryptocurrency is because the government cannot control the incoming and outgoing of cryptocurrency in their country that may result into losing of income or tax by the government for now.
Why would that be a problem? There are a lot of criminals being caught using Bitcoin transacting to people from the Dark Web buying stuffs or hiring them. That just means that people can track the transactions of Bitcoin and that also means the government can do the same and they can still see the ongoing and outgoing crypto currencies in their country. If they want to put a tax on Bitcoin, they can do and they will not be losing an income or tax since there are still a lot of people using fiats and buying a lot of things in their country.
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.
Yes governments think this a threat to them and economic burden because as you said that it will be use for launder money and transfer funds in other country and cannot be handle by their government but this thing won't let happen if the government take a look of the transactions in other country so they can monitor it and use also crypto for the growth of the country.
Most governments ban cryptocurrency because they believe crypto does not offer security in its investments, hence cannot lead the people to invest in it. Others believe Bitcoin and other cryptos are used for money laundering, drug trafficking, terrorism funding etc.
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.
Yes governments think this a threat to them and economic burden because as you said that it will be use for launder money and transfer funds in other country and cannot be handle by their government but this thing won't let happen if the government take a look of the transactions in other country so they can monitor it and use also crypto for the growth of the country.
Scared to give the people freedom, banning what they cannot control. The blockchain should be on the level of freedom of speech.
This is rather a freedom to invest and freedom to earn thing and not a freedom to speech platform. The reason for banning the cryptocurrency is simple. The governments do not view it portable and friendly for the economy. This is the only reason it is banned. Many tend to impose the regulations that favor the government and not the users and in such a case, the users quit the investment simply.For me the reason why other ban cryptocurrency is because the government cannot control the incoming and outgoing of cryptocurrency in their country that may result into losing of income or tax by the government for now.
Yes this is the main reason why the governments wants to ban it, and they can't also trace the transactions and this will lead to illegal transferring of money freely and untraceable.
For me the reason why other ban cryptocurrency is because the government cannot control the incoming and outgoing of cryptocurrency in their country that may result into losing of income or tax by the government for now.
Every government from every country have their own point of view towards digital currencies especially bitcoin. For those who banned digital currencies, it's their right to do so and i am glad that others accepted digital currencies too.
I think that makes this cryptocurrency experience a use and circulation ban in some of these countries. I think because the price of bitcoin is not stable and maybe also because bitcoin has anonymous transactions, so it is difficult to track who the owner of the wallet is doing the transaction because it will cause money laundering.
the first reason: crypto is very volatile the government does not want the public to suffer losses from crypto
second reason: the government is still confused about making crypto regulation
right, government is still looking for ways to determine policies against it. and government actually knows that later crypto will shine and must follow technology. but money laundering is also an obstacle second reason: the government is still confused about making crypto regulation
the first reason: crypto is very volatile the government does not want the public to suffer losses from crypto
second reason: the government is still confused about making crypto regulation
second reason: the government is still confused about making crypto regulation
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.
it shouldn't be problem if they can tap in to system access to public records. with the right data they can make decision base on that.
the ban is included, among other things, because of the high risk that ordinary uneducated investors may fall for
The main reason is cryptocurrency is used as medium of payment in doing illegal transactions, so they ban crypto to lessen the criminality happen nowadays. Many reasons why others ban cryptocurrency to their country because they cannot control it, and since most of Government want to all things to pay tax and have control to it, but cryptocurrency are decentralized,which means no one cant control it. 
the ban is included, among other things, because of the high risk that ordinary uneducated investors may fall for
Because the government thinks that digital currence will make big impact in their economic growth they cant control it, also they scared that people will use more crypto currency than the traditional currency.
Government do not think the good side of having this currency that many people can improve the status in life by earning with this currency.
Government do not think the good side of having this currency that many people can improve the status in life by earning with this currency.
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 why many country are banning or not using cryptocurrency is just because the cryptocurrency is not stable yet and crypto is just a new currency so that many are not agreeing about the using of this kind of currency. It is just my opinion on why many are banning crypto. 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 true. Essentially, a country bans crypto currency because that country won't get a cut from the profit its constituents get from trading crypto currency. After careful considerations, and alot of lobbying, crypto currency will be allowed to used a country but an exhorbitant amount of tax will be implemented.
It is not only imposing tax on income from cryptocurrency but there are many other factors, which cause banning cryptocurrency. The main problem is that cryptocurrency is not guaranteed. Many people do not invest in it because they think that it is a Ponzi scheme and there is no future of it. People will lose their money. People withdraw their money from banks and that is panic for 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.
Some countries have their own reasons why they ban the crypto currency in their country. Perhaps one of the reasons we hear most often is because crypto currency cannot be controlled by the government and can also make the economy of the country chaotic.
The simple reason they band crypto and bitcoin because they wanted to control and manipulate bitcoin like fiat. but they can't. and they see it as a danger to their economies.
i totally agree with you. But crypto is decentralized and can not be controlled. That is the reason why other ban cryptocurrency Jump to: