why bitcoin is banned by the government - page 10.

malah

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Quote from: stevano on January 21, 2018, 10:51:19 AM

is not that bitcoin able to change the state of its users which effects also on the state of the country's economy, why even banned hemzzz Grin

Yes, the government should also look at the positive side, that bitcoin has greatly helped the economy of its users and has changed its life for the better, so the government should support bitcoin.

Perseusallen

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First it banned initial coin offerings, or ICOs — the equivalent of initial public offerings for new virtual currencies. Then it called on local exchanges to stop trading in cryptocurrencies and outlined proposals to discourage bitcoin mining — the energy-intensive computing process that makes transactions with the digital currency possible. It’s also moved to stop Chinese companies listed abroad skirting its domestic ban on ICOs. (New York-listed Renren Inc. was said to cancel a planned overseas ICO). Officials now intend to block domestic access to online platforms and mobile apps that offer exchange-like services for cryptocurrencies. Domestic stock exchanges, too, are targeteing companies that promote themselves as blockchain-related to boost their shares. It’s part of a concerted effort by agencies including the central bank, the cyberspace administration and China’s Ministry of Industry and Information Technology.

ReindeerOnMe

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Quote from: Creating N Action on February 17, 2018, 12:58:48 AM

The reason why other country or the government banned bitcoin is because of the people. I've learned that other people used bitcoin as their money in doing bad things or crimes. People or terrorist of the country used bitcoin as their profit to buy gun and sharp things against to their enemies. For me, this is the reason why other government hate bitcoin.

It is right that bitcoin can be used in this type of transaction or crime, but if you do not know, bitcoin is not that really anonymous. It is proven that bitcoin and bitcoin transactions can still be tracked and also, crime using bitcoin is not really that used in that matter.

aimey

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Quote from: stevano on January 21, 2018, 10:51:19 AM

is not that bitcoin able to change the state of its users which effects also on the state of the country's economy, why even banned hemzzz Grin

Government banned bitcoin because in the first place it is a cryptorrency. It is still considered not a legal tender but only based on trust. Users are not paying taxes directly to the government. In other words, users depleted revenues which due to the government.

SacriFries11

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I think some of countries banned bitcoin it’s because of the anonymity and they think that it could be a threat not only for the county but also for their people. They only protect their people against other form of scams that are also spread to the internet and can use to bad purposes. Government wants money that they can control and manage by their own so it’s one of the reason why they banned bitcoin.

kiloiko

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Quote from: Toden1379 on February 15, 2018, 10:02:37 PM

It's all just FUD. Banning bitcoin is like moving backwards for your country. This is just FUD being spread so other can get in on bitcoin. Governments already see the potential for cryptocurrency and are just planning on regulating them.

You’re wrong, some country’s government does not accept cryptocurrency, so they tend to ban it from their country. Haven’t you heard of China ban on ICOs? Haven’t you also heard of PBoC (people’s bank of China) requesting that Bitcoin should be banned completely from China? So you’re trying to say that those news are all fake. Well, I’ll like to let you know that they are true. Government is banning Bitcoin for sure, but not all of them.

Creating N Action

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The reason why other country or the government banned bitcoin is because of the people. I've learned that other people used bitcoin as their money in doing bad things or crimes. People or terrorist of the country used bitcoin as their profit to buy gun and sharp things against to their enemies. For me, this is the reason why other government hate bitcoin.

obinine

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Government went for taxes and bitcoin is utilizing crypto and blockchain no legislature can deal with this when all individuals utilize btc in a nation which the administration has no control where do they arrive stores for every one of the ventures that they need to do that is the reason they have fear in the crypto yet in Korea they place burdened in exchanging and they can put some greater charge in all settlements where we money out our cash

snedyolo

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Quote from: stevano on January 21, 2018, 10:51:19 AM

is not that bitcoin able to change the state of its users which effects also on the state of the country's economy, why even banned hemzzz Grin

I guess the government officials just fear what and how would bitcoin affect the country they are in. This is why they are quite cautious when it comes to implementing and accepting something in their countries. Although, I do hope that the governments around the world would soon accept bitcoin.

RKSummer

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Quote from: pentol86 on January 21, 2018, 10:55:31 PM

our government reason is corruption, money laundry, also drugs. i dont know why only bitcoin get banned..

You have a point, why only bitcoin get banned, even a fiat currency is used in some illegal activities? Maybe the main reason why they banned bitcoin is they are afraid that it will affect the financial stability of their country, because they can't get any tax from any bitcoin's transactions.

Babayega31

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Cryptocurrency Wallet - Denaro.io

Why believing on that? Do you think government can stop their fellow men to use crypto? I think no since people can find ways since we all know bitcoins are profitable business stake by them and surely government will just ignore it for longer years since Bitcoins is not a treat and not big issue to handle.

nara1892

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Bitcoin is banned in my country because government say that the price of bitcoin is not stable (they think it's not good to use then), and because bitcoin has no physical form (probably the think it will cause some problems like fraud or kind of thing).

BountyX

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Quote from: stevano on January 21, 2018, 10:51:19 AM

is not that bitcoin able to change the state of its users which effects also on the state of the country's economy, why even banned hemzzz Grin

This forum would be a much better place without this sort of shitposting - this OP makes totally no sense in English, and it's ridiculous that so many people are even replying to that.

tats14

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Quote from: stevano on January 21, 2018, 10:51:19 AM

is not that bitcoin able to change the state of its users which effects also on the state of the country's economy, why even banned hemzzz Grin

Well bitcoin is not easily be banned , it is depend upon the situation of a country, bitcoin is a popular digital currency all over the world and it has many using bitcoin in all other the country and it cannot be easily banned.

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kurt1212

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Quote from: stevano on January 21, 2018, 10:51:19 AM

is not that bitcoin able to change the state of its users which effects also on the state of the country's economy, why even banned hemzzz Grin

For bitcoin is banned by the goverment because they doesnt want other organization like bitcoin to change the economy rate of their country . They banned bitcon maybe because its a threat for the economy of a country.

Xw73

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Some countries banned bitcoin because they see bitcoin as a big threat to their economy. Bitcoin and other cryptocurrencies like Ripple and Ethereum are under threat from governments who could ban the digital currencies. However, Bitcoin didn’t give up. It came up stronger than ever increasing and reach the highest value last year.

owates

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Government always want to be until and they don't like people making money without them being in control and collecting their taxes that's why most of the country's are banning bitcoin while others are trying to regulate in order to benefit from it

Sled

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Bitcoin- in bullish time

Quote from: Nylelyn on February 16, 2018, 04:56:30 AM

Quote from: sister1001 on January 21, 2018, 06:21:06 PM

Quote from: stevano on January 21, 2018, 10:51:19 AM

is not that bitcoin able to change the state of its users which effects also on the state of the country's economy, why even banned hemzzz Grin

They may want to ban it, but it is nearly impossible to carry on effective measures to implement that decision. In essence, they just don´t like people with too much economic freedom.

Exactly, because the government is aware that bitcoin is widely popular and has many users. However, it is quite difficult for them to have control over bitcoin users because it is decentralize in nature. They won't get so much collections and revenue from it right now so what they are trying to do is to ban it, not considering the positive it gives to its people.

The government are just afraid of the possible things that might happen if they will accepted bitcoin because there is a lot of cases for bitcoin that it is getting a lot of attention from the criminals because of its anonymity that they can take advantage of because they can just send illegal transactions through bitcoin and stay undetected.

Nylelyn

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Quote from: sister1001 on January 21, 2018, 06:21:06 PM

Quote from: stevano on January 21, 2018, 10:51:19 AM

is not that bitcoin able to change the state of its users which effects also on the state of the country's economy, why even banned hemzzz Grin

They may want to ban it, but it is nearly impossible to carry on effective measures to implement that decision. In essence, they just don´t like people with too much economic freedom.

Exactly, because the government is aware that bitcoin is widely popular and has many users. However, it is quite difficult for them to have control over bitcoin users because it is decentralize in nature. They won't get so much collections and revenue from it right now so what they are trying to do is to ban it, not considering the positive it gives to its people.

reynilynedago

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Quote from: stevano on January 21, 2018, 10:51:19 AM

is not that bitcoin able to change the state of its users which effects also on the state of the country's economy, why even banned hemzzz Grin

Some of the country banned this bitcoin . Is it because they dont believe in bitcoin and others used this for corruption or anything that mighy give negative image of a bitcoin. They really wrong because for it gives lots of oppurtunity to those users of bitcoin.

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