why bitcoin is banned by the government - page 15.

TheGreatPython

sr. member

Activity: 2562

Merit: 329

Quote from: GregH37 on January 29, 2018, 04:16:49 AM

Quote from: Pjoh ie on January 28, 2018, 05:43:17 AM

Quote from: stevano on January 21, 2018, 11:51:19 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

maybe they are just afraid with the presence of bitcoin can disrupt the local currency and the effect on the economy of the state,whereas parties of bitcoin already declared one-party bitcoin Indonesia that bitcoin is just a virtual currency and will not replace the currency of rupiah.

No government is banning bitcoin everyone is welcoming bitcoin in their region and they realize the fact that bitcoin is the alternative name of progress and development and no one can deny this reality so now bitcoin is legalize all across the world and those region who are unaware of this innovation education about bitcoin must be delivered to them and sooner two to three years bitcoin will be leading currency.

There are maximum countries that have declared bitcoin legal and these are mostly those which are serving as hubs of technology such as Japan, USA and so on. It is a fact that those who really understand the importance and worth of bitcoin and this blockchain technology have declared bitcoin legal in their states and rest of the countries are also getting inspired by them. In most of the effective parts of world, bitcoin is legal.

cizatext

member

Activity: 952

Merit: 41

The government are being deceived by the financial institutions like the central bank due to the fact that the banks see bitcoin as a traits to they existence and at that the only way to bring bitcoin down is through government banning bitcoin, and also government feel that bitcoin can be use for criminal activities since it transactions can not be monitored and control bitcoin can be use to buy drug's, pay for illegal arm and even use to launder money out of a country unnoticed.

Lyne01

member

Activity: 224

Merit: 10

Quote from: stevano on January 21, 2018, 11:51:19 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

Governments are doing that because of the following reasons:
1. Bitcoin is independent, you have financial freedom, investment freedom and trading freedom.
2. Bitcoin offers great asset in which government cannot control.
3. Bitcoin has no tax, government wants tax.
4. Bitcoin is decentralized, government is centralized, controlled and no freedom.

marroxas

jr. member

Activity: 92

Merit: 1

The government of the country does not have any good idea about bitcoin, the government can not make the government better by making the country's economic development through bitcoin. Bitcoins are banned by the government of that country.Bitcoin is just prohibited by not seeing the benefit of the government, if the government is banned it is normal.

Hopeful2017

member

Activity: 238

Merit: 10

Greentoken-invest in ecology

Quote from: stevano on January 21, 2018, 11:51:19 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 is banning bitcoin because they cannot collect tax in bitcoin. Also, they cannot trace who are the holders or users of bitcoin in their countries. Aside from that, bitcoin is somewhat affecting the banks because people prefer to invest in the ICO and altcoins than putting their money in the bank and will just freeze. This situation alarmed the governments and they will do anything to suppress bitcoin.

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

I think the government now will thinking more about bitcoin because they see that the people still want to invest their money in bitcoin and perhaps the governments will not ban bitcoin and will allow bitcoin to be used by the people. but I see that there are a country that still bans bitcoin and I think if the other country giving their permission to bitcoin, then that country will release the ban and will allow people to still use bitcoin.

Jeffdu3300

newbie

Activity: 30

Merit: 0

Quote from: stevano on January 21, 2018, 11:51:19 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

The government has duty to protect their citizen's interest. If they feel that they constituent is threaten they will make actions to protect them. Maybe as of the moment most of there people didn't really understand the crypto that's why they imposed banning the crypts.

chizcake

newbie

Activity: 72

Merit: 0

Main reason why government would want bitcoin to get banned because there are most numbered of earners and they are not paying taxes or any fees that benefits the government. Recently we just had issues on banks who refuse to recognize bitcoin and this is mainly mandated by the government. Many users do not want to have fees in earning bitcoin. They will oppose any implementation on such matters that is why some government from other countries banned bitcoin.

Lora_ng15

jr. member

Activity: 452

Merit: 7

he is dangerous, anonymous, he can be used for criminal purposes, and the robberies of crypto-currencies have begun, and it's impossible to find thieves

untoy17

newbie

Activity: 20

Merit: 0

Maybe because that government sees bitcoin has a bad effect in their country which is the opposite on our perspective. We view bitcoin as a work with a great potential that is starting to unleash.

Mecryptopheles

newbie

Activity: 13

Merit: 0

Well, firstly bitcoin is nto still really banned: governments are just trying to control the system.
But this is normal: bitcoin has the potentail to be an alternative and untaxable currency.
Of course governments don't like it...

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: zander09 on January 30, 2018, 03:30:06 AM

Quote from: eyebags1994 on January 30, 2018, 02:07:54 AM

Bitcoin banned by the government because they can't gain taxes from bitxoin users .. In other words they are insecure to the bitcoin users since we get higher salary from bitcoin .

This can be the reason why government want to banned bitcoin, because they can not get tax to those people who use it, tax are very important to government because this is a way to get money from people but how they can get tax if bitcoin is decentralized and no one handle this.

Based in my country, the bitcoin is not being taxed because the government officials didn't totally understand what is bitcoin but i think that after a few years, we can experience some tax that is need to pay because of using bitcoin because the government will not allow that because other people might abuse the features of bitcoin and make it as a gateway for money laundering.

zander09

full member

Activity: 546

Merit: 100

CryptoTalk.Org - Get Paid for every Post!

Quote from: eyebags1994 on January 30, 2018, 02:07:54 AM

Bitcoin banned by the government because they can't gain taxes from bitxoin users .. In other words they are insecure to the bitcoin users since we get higher salary from bitcoin .

This can be the reason why government want to banned bitcoin, because they can not get tax to those people who use it, tax are very important to government because this is a way to get money from people but how they can get tax if bitcoin is decentralized and no one handle this.

kurt1212

newbie

Activity: 91

Merit: 0

Quote from: stevano on January 21, 2018, 11:51:19 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

Not all government are against in bitcoin. But their are country that they afraid of bitcoin, because they afraid what if there currency will be vanished because of bitcoin.

eyebags1994

newbie

Activity: 104

Merit: 0

Bitcoin banned by the government because they can't gain taxes from bitxoin users .. In other words they are insecure to the bitcoin users since we get higher salary from bitcoin .

dogz12

member

Activity: 210

Merit: 15

Quote from: stevano on January 21, 2018, 11:51:19 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

Oligarchs would not allow it because they fear of something that they dont have a control over it and it would impose a threat over their self interests.

belalangsembah

member

Activity: 280

Merit: 10

Quote from: sister1001 on January 21, 2018, 07:21:06 PM

Quote from: stevano on January 21, 2018, 11:51:19 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.

yes I do not think the government is banning bitcoin, but the government has not legalized this crypto currency as a means of buying and selling transactions in the country that has not legalized, until now my government has not legalized bitcoin currency, because they have not been able to regulate the determination of this currency

Markpet01

newbie

Activity: 124

Merit: 0

Bitcoin is banned by the government because they can't collect tax on bitcoin.And they can't control the people invest in bitcoin.

logan0312

newbie

Activity: 70

Merit: 0

Bitcoin is decentralized nature is increasing its use in criminal activities. Australia, USA, Japan have found use of bitcoin in drug trafficking, money laundering and also in terror funding activities. So these countries banned bitcoin from their economies.

IanDev

newbie

Activity: 31

Merit: 0

I believe they are trying to ban it both for good and bad reasons.

Some are trying to help people by regulating it, while others are trying to ban it because they fear the power it unleashes to people that are not under their sphere of influence.

Topic: why bitcoin is banned by the government - page 15. (Read 2037 times)