Topic: Why Bitcoin is not regulated in some countries? (Read 1302 times)

I think it is because other countries that don't want to legalize it is because the government can't control it like they want it to be. Bitcoin is decentralized so no one can manipulate it. Or maybe they have rules that is contrast with the cryptocurrency.

Crypto currency will rule the world! (Do you actually know, why it is called like that? )

Hey, I'm searching for an Ethereum iOS wallet, which can create multiple addresses. Do you know one, that supports this? 

Crypto-currency has become more and more active in recent years and enters our life, bringing to it diversity and considerable relief in financial settlements. This is a completely new digital technology that is not clear to all governments. Therefore, some of them are cautious and distrustful. This is the right of every state and its government. No one has the right to interfere in the internal affairs of the state, including the circulation of currencies inside it and the regulation of financial payments. Therefore, it is the right of every state to recognize or not recognize the crypto currency in its territory. At the same time, due to the peculiarities of the crypto currency, such as anonymity, governments are not in a position to control it. This is also one of the important reasons why governments are wary of the digital currency. More confidently refer to it in industrially developed countries, where they are not afraid to introduce advanced technologies. Indicative in this regard is the government of Japan, where they recognized the Crypto currency, introduced a minimum tax on income from it for citizens and quickly develops a network for providing services with calculations in the crypto currency. For some other states it will take some time before they understand the benefits in recognizing the crypto currency and the inevitability of its wide distribution around the world.

Each country has it own currency and in some country that have an economy unstable, they don’t allow bitcoin trades, bitcoin can influence to their currency

Countries that allow no financial autonomy won't allow crypto. Even in liberal western democracies, there has been a recent push to the right. Certain member countries in the EU and the US are looking more and more hostile to financial privacy, even though it is a right.

which I know every country has a different policy different.
That underlying bitcoin is not always acceptable for some countries.
I can not explain what caused it. because it is the authority of a country to ban or close the askes for bitcoin.

I do not really know about the ban,
But it is the state's authority to take action, all of which there must be a clear reason.

Yes bitcoin is a virtual currency whose nature changes fox, is unstable, it is the underlying bitcoin is not guaranteed state or the state does not participate to bitcoin. That's what I know. And possibly wrong.

  Because the bitcoin is still legal.
  Why ? Because not everyone in every country knows what bitcoin is.
  a small number of people who know and know how to use it. One example is my own country is still legal.
   Maybe that's the reason why bitcoin is legal.

Each country has different regulation and application to bitcoin and altcoin. they have their respective opinions when a currency is applied legally in the country. most of them are frightened by the extremely volatile fluctuations in bitcoin and altcoin prices. This is indeed a rational reason because of course the government does not want to make their country destroyed. our current task is to continue using bitcoin and altcoin because it can make the digital currency more stable. hopefully in the future digital currency can be one currency that is recognized by many countries in the world.

Ofcourse every people lives in different countries and this countries differs in the way they run their goverment. I mean yes other countries may accept bitcoin but there will be countries that will not accept it, worst will not acknowledge it. It's because maybe they can't still see what benefits it can do for a person or his/her family.

of course very many countries that have not been able to receive bitcoin as a means of payment, because it is not legal, and the state can not legalize bitcoin, in because insight about bitcoin in society is still very low, of course bitcoin will be very difficult to understand by society

Each country has the right to establish rules for the use of crypto currency or to prohibit its use altogether. No country can interfere with this issue, since it is considered an internal matter of each state. Not all states have positively adopted the crypto currency, because it is not subject to control by the authorities. However, most industrialized countries have already recognized the legitimacy of the circulation of crypto-currencies within their country, introducing certain mechanisms for their regulation. This is the USA, Russia, China, Japan, Australia, etc. For other countries, it may take some time before they understand the essence of the digital currency and the inevitability of its spreading around the world.

Yes its coming with the popularity among the people in the country regarding online investment or trading. With the limitations of the resources, how it could be popularize.  

The reason behind it is that countries want to take control of inflation and interest rates. Everything on the economy are related to political issues and the existence of that country.

You are very correct they do not want to jeopardise a system that allows them to impose sanctions on others, they will keep the fiat system running.

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Other countries like Egypt have chosen not to to deal with it as its simply a virtual currency which isnt regarded as official money. Am sure if most superpower countries welcome bitcoin it will spread like a wild fire
https://www.cryptocoinsnews.com/egyptian-central-bank-shoots-down-bitcoin-adoption-rumor/

That's why we have to speak out when governments try to regulate/control crypto.  And... we need to not run directly to the government when things go wrong.  We can't have it both ways... we can't say we want a deregulated crypto but at the same time ask governments to step in when someone scams us of money.  As I said before, I want governments as far away from my crypto as possible.

counties like USA & RU afraid to accept bitcoin officially because bitcoin system can not adapt\follow any system to put sanction on persons \countries .

I think it’s because, in other country bitcoin is not legal and if the bitcoin become legal there’s a possibility that government will control it and about purchasing, they need to add tax or they can get tax from us like others who have a job with tax. If the government get involve in bitcoin, it’s decentralization will be abolish and can make bitcoin not secured unlike today.

When and where did poloniex shut down. I can still open this in the UK.

I don't understand statements like this.  Why choose Bitcoin and at the same time recommend governments regulate it; if that's what you want just go the fiat route.  As for me, I want governments as far away from crypto as possible.  Yes that means some exchanges will scam customers, yes that means some ICO's will be scams, but I trust the power of the internet and crowds to eventually weed these out.  Also... NONE of these scams have come close to the largest of all, the 'printing' of trillions of dollars from the federal reserve.