Topic: Why bitcoin is not supported in some countries? - page 102. (Read 98470 times)
risk of money laundering, proceeds from or funding of terrorism/crime, fraud
For me in my opinion, maybe some countries do not support BTC because they are afraid of it. They may think of it as a scam. Because not all country leaders are risk takers, all they want for the people of their country is to be safe.
no I think the only reason can be that they have lack of information about bitcoin. if they study bitcoin know about the importance of bitcoin I am sure that they will also adopt bitcoin. in fact such cases are mostly occur in backward countries where people do not have efficient information about bitcoin, they still need to get good assistant from the people who have good knowledge about bitcoin. Bitcoin is not supported in other countries because they protect their own currency. They afraid that their currency is down. The government is fear, they want to protect their own currency.
It may be their reason because the government is afraid of the potential of bitcoin that can take over their own local currency. Let alone bitcoins can not be controlled by their own of course the government will do anything including banning bitcoin to go in order for their local currency to be safe The legalization of bitcoin in other countries depends on their government. Because what their government implies is what the whole country follows. Maybe their government are just thinking of the safety of its people because on some countries where bitcoim is not yet legalize, they don't have proper orientation of what bitcoin is so the government is not yet supportingit to assure the safety of its men from a strange thing in their locality.
People will always like to earn bitcoin know absotely becauass of its pride kept to our mind that we can earn and earn as long as as we can and make it as an investment for the future. It couls be very good and it will be a great pleasure for earning it now and someday we can use it for the future. 
Bitcoin is not supported in some countries because the governments try to protect their own currencies, and in addition they have many doubts about the transactions made with bitcoin and crypto currencies.
No government is like that who are not supported bitcoin. Bitcoin is a crypto currency it is depending on you that you are investing though internet or not. If it is not supported in some countries then there is no education. There is a less experience people with worldwide internet. Such best example “Can you stop air in some countries? Of course no so this is an example of Bitcoin. "Exactly. How to block something available on the internet? Bitcoin is a virtual currency. For example, collect Ethereum or another good altcoin.
For me in my opinion, maybe some countries do not support BTC because they are afraid of it. They may think of it as a scam. Because not all country leaders are risk takers, all they want for the people of their country is to be safe.
That's pretty much the reason why the Government does not want anyone to use a Currency that they can't easily control.Playing with money from the Government allows the Government to make the price of it to whatever price they want and if they want to ditch that Currency then they could just build a new one while leaving the people that are holding fiat with nothing.
And it has been proven in the past that no matter how the government wants to influence the value of their currency in the end the market will choose the right value.
Check Venezuela and the two exchange rate there. Official and real.
But don;t get that optimistic that they wouldn't try to get your bitcoins either.
They did managed to get the gold if the government will be that desperate they will stole your coins too.
Bitcoin is not supported in some countries because the governments try to protect their own currencies, and in addition they have many doubts about the transactions made with bitcoin and crypto currencies.
No government is like that who are not supported bitcoin. Bitcoin is a crypto currency it is depending on you that you are investing though internet or not. If it is not supported in some countries then there is no education. There is a less experience people with worldwide internet. Such best example “Can you stop air in some countries? Of course no so this is an example of Bitcoin. " Bitcoin is not supported in other countries because they protect their own currency. They afraid that their currency is down. The government is fear, they want to protect their own currency.
Totally not agreed with this. Bitcoin is using around the world. It would be it will break many records. But bitcoin is anonymous which will always give opportunities. So if people want to invest they can invest though bitcoin websites and also they can invest with a freedom nobody knows who are investing in bitcoin. So, even governments will not allow, people will use it for sure. 
The legalization of bitcoin in other countries depends on their government. Because what their government implies is what the whole country follows. Maybe their government are just thinking of the safety of its people because on some countries where bitcoim is not yet legalize, they don't have proper orientation of what bitcoin is so the government is not yet supportingit to assure the safety of its men from a strange thing in their locality.
I think bitcoin is not yet supported or legalize to other countries it is because many people doesn't know the main fact of what bitcoin really is. On other countries where bitcoin has been already legalize they have advertisements that really suits to orient or inform the public of the real fact of what bitcoin really is. But for those countries that doesn't have advertisements like that, people think when they hear about bitcoin is, it is a risky type of cryptocurrency and the assurance of gaining is not sure because they are not properly oriented on this. That is why their government is not yet approving the legalization of bitcoin in their vicinity to protect its people from possible harm that they think bitcoin has. It is all just because they do not know what bitcoin is.
Bitcoin is not supported in some countries because the governments try to protect their own currencies, and in addition they have many doubts about the transactions made with bitcoin and crypto currencies.
I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
I think one of the reason why Bitcoin is not allowed in some country is its transparency, no one can control it but everyone can send Bitcoin (considered money) to anyone else so that their worrying about people using Bitcoin as a currency of crime is real, they can not risk their countries just because of an e-currency. For me in my opinion, maybe some countries do not support BTC because they are afraid of it. They may think of it as a scam. Because not all country leaders are risk takers, all they want for the people of their country is to be safe.
That's pretty much the reason why the Government does not want anyone to use a Currency that they can't easily control.Playing with money from the Government allows the Government to make the price of it to whatever price they want and if they want to ditch that Currency then they could just build a new one while leaving the people that are holding fiat with nothing.
For me in my opinion, maybe some countries do not support BTC because they are afraid of it. They may think of it as a scam. Because not all country leaders are risk takers, all they want for the people of their country is to be safe.
Many criminals are using bitcoin such as legalizing crime
Maybe? But even though they are not a criminal, but they are using bitcoin in the illegal deeds then they are criminals. This problem is one of the reason why the Government in some countries are limiting the usage of bitcoin or even more worst, they banned it. Most of the people are buying illegal drugs online, having this anonymity is giving them the guts to buy such things.
As a solution on this, since the Government can't easily annihilate all of the illegal sites which do sell this kind of stuffs, that is why they came up banning of bitcoin.
Many criminals are using bitcoin such as legalizing crime
Maybe? But even though they are not a criminal, but they are using bitcoin in the illegal deeds then they are criminals. This problem is one of the reason why the Government in some countries are limiting the usage of bitcoin or even more worst, they banned it. Most of the people are buying illegal drugs online, having this anonymity is giving them the guts to buy such things.
As a solution on this, since the Government can't easily annihilate all of the illegal sites which do sell this kind of stuffs, that is why they came up banning of bitcoin.
Many criminals are using bitcoin such as legalizing crime
Maybe? But even though they are not a criminal, but they are using bitcoin in the illegal deeds then they are criminals. This problem is one of the reason why the Government in some countries are limiting the usage of bitcoin or even more worst, they banned it. Most of the people are buying illegal drugs online, having this anonymity is giving them the guts to buy such things.
As a solution on this, since the Government can't easily annihilate all of the illegal sites which do sell this kind of stuffs, that is why they came up banning of bitcoin.
Bitcoin is not supported in other countries because they protect their own currency. They afraid that their currency is down. The government is fear, they want to protect their own currency.
Some countries may fear that they would lose their revenues which they get from taxes.They fear that they may not be able to control the economy since bitcoin is a decentralized currency.They also fear that bitcoin may increase trade of illegal products in the country.
Already even without the legalizing of bitcoin all sorts of illegal activities were found within every country. So a perfect thinking about the growth will usually cause government make steps to adopt bitcoin. If taxation and decentralization is an issue how the developing nations have adopted it. As a part small Countries too have started using bitcoin much in the African continent. They don't legalize the bitcoin because they have a wrong information about it. That is the main reason why many governments doesn't like the bitcoin. The don't know also the purpose and the meaning of the bitcoin
Maybe they have right information about bitcoin. And they know that they won't be able to play with money anymore, so maybe that is the reason why thay don't like it. Jump to: