Topic: why bitcoin is banned by the government - page 12. (Read 2037 times)
Many get financial independence thank bitcoin and many governments do not like when someone does not pay taxes
In my opinion, Bitcoin cannot be banned easily in the ultimate sense as it resembles the character of a ballon, pushing it down on one side and it grows on the other side. I think that the government just wants to study the income and outcome of what Bitcoin will be before making a decision but it has already been used worldwide and a lot will surely protest if Bitcoin will be banned.
I think it is forbidden because it loses a lot of government taxes. In addition, it involves illegal activities such as money laundering and corruption. So I think that's why it's banned by the government
Bitcoin banned in some other countries because they could not benefits the tax of its xchanges market,and its decentralized they cannot controlled the platform market caps,and mostly they thinks that bitcoin is fraud or ponzi,that can turn into people of lossing there investment.
Actually, it's rather easy for a government to tax crypto. That's exactly what South Korea just did.
Bitcoin is a decentralized form so no one can control it. so most authoritarian governments will forbid
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 
Bitcoin banned in some other countries because they could not benefits the tax of its xchanges market,and its decentralized they cannot controlled the platform market caps,and mostly they thinks that bitcoin is fraud or ponzi,that can turn into people of lossing there investment.
The government doesn't want to have an distraction for their leadership in their country because if they will let a currency that is decentralized to take over their country then they will be on a risky situation because the people will not use the fiat more often and they will just depend on the decentralized things which will make the government powerless.
Bitcoin doesn't necessary threaten the government's power. But it does allow circumvention of currency controls. (Hence the concern by China.)
I think it is forbidden because it loses a lot of government taxes. In addition, it involves illegal activities such as money laundering and corruption. So I think that's why it's banned by the government
Govenments of many countries can't find the way to control bitcoin and keep reciving taxes that's why they just baning bitcoin. I think that someday they will undertand that bitcoin is good for them.
No, they understand very well that bitcoin is a threat and they want to destroy it before it gains popularity among the population, but since bitcoin is decentralized they are having trouble finding a way to destroy it and the more time it passes the more difficult it is going to be to destroy it.
Govenments of many countries can't find the way to control bitcoin and keep reciving taxes that's why they just baning bitcoin. I think that someday they will undertand that bitcoin is good for them.
The government doesn't want to have an distraction for their leadership in their country because if they will let a currency that is decentralized to take over their country then they will be on a risky situation because the people will not use the fiat more often and they will just depend on the decentralized things which will make the government powerless.
one of the reasons. - Almost 20% of owners of crypto currency bought them on credit. They borrowed to buy bitcoin or some other token, or bought it with a shoulder, the results of a survey conducted in mid-January by CoinDesk. More than 3,000 people took part in the survey.
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
it seems that bitcoin circulation is prohibited by the government because the government wants to make a negative issue and wants to reduce the bitcoin price and make the government have a chance to buy as much bitcoin as they want.
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
I think they ban bitcoin because yes it can change the state of life of it`s user, it can make an individual wealthy but I think it can cause negative effect to country`s economy because bitcoin can affect big factors that can make the economy high. For example, the bank, bitcoin has many function same as the bank like storing money on bitcoin block chain wallet or paying bills using bitcoin thru bitcoin wallet instead of storing money and letting the bank pay your bills. These things may cause negative effect to the bank`s as well as the country`s economy because of the tax to be collected by the government from the bank base on the profit of the bank. 
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
Thats not the issue why they banned Bitcoin, for the past few weeks several cases involving hackwrs as well as Bitcoin were given, economically on top countries decided to banned Bitcoin cause nowadays Bitcoin has been the medium of cybercrimes, they didnt hate this probably we can that they are just protecting the rest of the people.
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
The important reason is that Bitcoin is uncontrollable. The governments cannot control Bitcoin blockchain and others kind of blockchain so that they don't want them to be a part of their economies, it's really risky when accept them to be a part of their economies. It can make their economies go down because of money leaking when money streams go into blcockchain instead of going into real markets.
They can not afford taxes and one may even make it a syndicate mode
Provinces of different countries are afraid of bitcoin because it is impossible to control, it is impossible to track who paid what to whom, a bitcoin wallet can create any, without providing personal data. Bitcoin account can not be frozen, as it can be done with any bank account by court order. And the most important thing is that bitcoin, its circulation and the commission will override the basics of the economy, because according to the constitution of almost all countries, the state is the emitter of money in the country.
I think government want to some proof that bitcoin is secure for everyone and it will never harmful for nation, but actually bitcoin is the best way for best future and those persons who want to earn some extra money for comfortable bitcoin is very best choice for them because their job salary is not enough for their family's future and that's why they trust on bitcoin and i thinl one day government will accept bitcoin.This is amazing currency, that’s why even billionaires are investing into it. There is no way bitcoin can harm state or world economy by improving individual economy.
Provinces of different countries are afraid of bitcoin because it is impossible to control, it is impossible to track who paid what to whom, a bitcoin wallet can create any, without providing personal data. Bitcoin account can not be frozen, as it can be done with any bank account by court order. And the most important thing is that bitcoin, its circulation and the commission will override the basics of the economy, because according to the constitution of almost all countries, the state is the emitter of money in the country.
I think government want to some proof that bitcoin is secure for everyone and it will never harmful for nation, but actually bitcoin is the best way for best future and those persons who want to earn some extra money for comfortable bitcoin is very best choice for them because their job salary is not enough for their family's future and that's why they trust on bitcoin and i thinl one day government will accept bitcoin.
Provinces of different countries are afraid of bitcoin because it is impossible to control, it is impossible to track who paid what to whom, a bitcoin wallet can create any, without providing personal data. Bitcoin account can not be frozen, as it can be done with any bank account by court order. And the most important thing is that bitcoin, its circulation and the commission will override the basics of the economy, because according to the constitution of almost all countries, the state is the emitter of money in the country.
To say that bitcoin is banned by the governments is just a fake news, for the simple reason that it's impossible for a single government to control the blockchain.
All they can do is to make difficult or even illegal to change bitcoin in fiat money, but this won't stop the transactions.
Btw, there is no interest to really "ban" cryptocurrencies; governments want only to find a way to tax them. When they'll succeed, the war against crypto will end immediately.
All they can do is to make difficult or even illegal to change bitcoin in fiat money, but this won't stop the transactions.
Btw, there is no interest to really "ban" cryptocurrencies; governments want only to find a way to tax them. When they'll succeed, the war against crypto will end immediately.
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