Topic: Reason why other ban cryptocurrencies - page 9. (Read 4375 times)
Very correct, it takes a long process. The government will accept cryptocurrencies in the next few years, which requires the knowledge of cryptocurrencies to be popularized.
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 seems to me that people did not trust cryptocurrencies, or they see crypto as unsafe things because it could be used in an illegal activities, because Government did not aware of crypto. Its true that there has a reason why cryptocurrency banned in some countries because it is decentralized. And also Goverment has regulation in many aspect including the usage of suspicious things inside the internet.
I think that is another reason why cryptocurrency is often banned by the government in a country because of the unstable price of bitcoin and they fear that bitcoin is used as a place for price games which means it will not be stable and will make some people lose when used for transaction.
government affraid if their citizen invest in cryptocurrency and lied by fake ico's.this is why so many government strongly reject about cryptocurrency in their countries.I think that is another reason why cryptocurrency is often banned by the government in a country because of the unstable price of bitcoin and they fear that bitcoin is used as a place for price games which means it will not be stable and will make some people lose when used for transaction.
government affraid if their citizen invest in cryptocurrency and lied by fake ico's.this is why so many government strongly reject about cryptocurrency in their countries.I think that is another reason why cryptocurrency is often banned by the government in a country because of the unstable price of bitcoin and they fear that bitcoin is used as a place for price games which means it will not be stable and will make some people lose when used for transaction.
government affraid if their citizen invest in cryptocurrency and lied by fake ico's.this is why so many government strongly reject about cryptocurrency in their countries. 
Many fake and manipulation of cryptocurreny, almost of owner make new coin based on how could take much profit and giving fake and scam promised to the investor. They are giving bad effect for other coin and make bad reputation of bitcoin.
In my view, the reason for banning cryptocurrency is the illegal use, no control, no taxation, circulation of money. These are all very strong reasons for banning cryptocurrency. People think that bitcoin will help economy of a country but I think that in this day cryptocurrency is not helpful for economy of a country. In the future when all the people start using crypto it may possible.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.
No government like their money leaving their country unregulated. the worst is they cant tax anything from crypto currency trade.
Many fake and manipulation of cryptocurreny, almost of owner make new coin based on how could take much profit and giving fake and scam promised to the investor. They are giving bad effect for other coin and make bad reputation of bitcoin.
In my view, the reason for banning cryptocurrency is the illegal use, no control, no taxation, circulation of money. These are all very strong reasons for banning cryptocurrency. People think that bitcoin will help economy of a country but I think that in this day cryptocurrency is not helpful for economy of a country. In the future when all the people start using crypto it may possible.
I think crypto ban is a new crypto because it runs on the internet. And it's not just now and other other market and highly fraudulent. The government does not want people involved in various scam risks. So the government does not recognize crypto. But I think crypto one day will be recognized. And it will be very popular.
I think that is another reason why cryptocurrency is often banned by the government in a country because of the unstable price of bitcoin and they fear that bitcoin is used as a place for price games which means it will not be stable and will make some people lose when used for transaction.
It is not very practical to ban crypto-currencies, because the ban can never be implemented. At the most, the governments can ban bank accounts being used for crypto transactions. But tracing all the crypto wallet addresses and then identifying the users is not practical.
There are many reasons why others ban cryptocurrency , the many who bans cryptos are the countries who are not accepting bitcoin, for the reasons that the people in their country are not yet familiar or educated with cryptos, and the government and this technology will come to terms and conditions so that this cryptocurrency , becomes legit in operating in every country.
As you can see what is going on the crypto market recently, the value of all coin has been going down a lot since early 2018. There is a lot of organization being bankrupt. It actually affects directly to the economy of the country which has more investor in crypto. Another reason, there is a lot of scam project currently. They are considering it as a bubble and easily to volatile.
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.
Developed countries are OK about letting their people to deal with cryptocurrencies, yet their governments agree that there should be at least a minimum regulation of the market. I think that only countries with authoritarian rules ban crypto, as it gives their citizens more freedom and makes them less dependent on the state. 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 governments prohibit or prohibit cryptocurrency in their territory on the grounds that it can facilitate laundry money. Fiat currency under government control is still used for money laundering. I think there are more decisions the government and government want to control cryptocurrency which is rather difficult for them because of decentralization
When you see those kind of contradictions then it is very easy to conclude that is not the reason of why they are doing that, and if they are not banning cryptocurrencies because of the possibility of money being laundered then we need to ask ourselves why? And the reason is simple because they do not obtain benefits out of cryptocurrencies and even worse they are affected directly by them and they cannot allow that.
The government can not technically remove Bitcoin, but they can force it to be a currency in a company's history, change it back to value and not be able to easily convert it into any product the actual product. Which is as good as dead.
some governments prohibit or prohibit cryptocurrency in their territory on the grounds that it can facilitate laundry money. Fiat currency under government control is still used for money laundering. I think there are more decisions the government and government want to control cryptocurrency which is rather difficult for them because of decentralization
When you see those kind of contradictions then it is very easy to conclude that is not the reason of why they are doing that, and if they are not banning cryptocurrencies because of the possibility of money being laundered then we need to ask ourselves why? And the reason is simple because they do not obtain benefits out of cryptocurrencies and even worse they are affected directly by them and they cannot allow that. 
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 seems to me that people did not trust cryptocurrencies, or they see crypto as unsafe things because it could be used in an illegal activities, because Government did not aware of crypto. Its true that there has a reason why cryptocurrency banned in some countries because it is decentralized. And also Goverment has regulation in many aspect including the usage of suspicious things inside the internet.
Scared to give the people freedom, banning what they cannot control. The blockchain should be on the level of freedom of speech.
every country must have their own reasons why they ban the crypto currency and most of them ban because they consider the crypto currency to be dangerous with a fluctuating price so it cannot be used as a currency and will affect the economy
Jump to: