Why bitcoin is not supported in some countries? - page 106.

Clavulanic

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Quote from: millgates on June 24, 2017, 06:39:32 PM

Quote from: bitbunnny on June 24, 2017, 12:13:12 PM

Some countries still have wrong opinion about the Bitcoin, they think it's crrated for illegal activities and that can be dangerous for their citizens or economy. So they think they could do something with bans or similar. But this is very wrong and doesn't lead to improvement. We should work on education on raising awareness about positive impacts of Bitcoin.

The bad news about bitcoin was influenced people acceptance of bitcoin. Probably if we use bitcoin in positive way more than the negative, it could make people believe that bitcoin is good technology that can help our lives.

Yes that's a certain idea that we should believe bitcoin will make our lives better because of the investments we have. Those bad news from unreliable media who keeps pushing minds of people being poisoned from their negativities,.doing something to take down digital currency economy. Actually those countries government who doesn't support bitcoin is practically a greed leaders to their country, and they always wanted all just for themselves not thinking the freedom of people for their personal finances to grow; taxes that controls bitcoin will not be transparent to the government. That mind set from those leader will not bring effective economy progress if they continues to remain hesitant to develop digital currency adoption, and yet bitcoin is a developing currency which could possibly improve the lives of the people as well as the economy.

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Quote from: bitbunnny on June 24, 2017, 12:13:12 PM

Some countries still have wrong opinion about the Bitcoin, they think it's crrated for illegal activities and that can be dangerous for their citizens or economy. So they think they could do something with bans or similar. But this is very wrong and doesn't lead to improvement. We should work on education on raising awareness about positive impacts of Bitcoin.

The bad news about bitcoin was influenced people acceptance of bitcoin. Probably if we use bitcoin in positive way more than the negative, it could make people believe that bitcoin is good technology that can help our lives.

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Quote from: guoyu78 on June 23, 2017, 06:38:30 PM

Quote from: ?? on ??

Money laundering, criminal use are some of the reasons why some countries do not support bitcoins.
I think it is silly, though, to show a lack of support for bitcoins.

i think support bitcoin is much more better and i think its not the mistake of bitcoin who says that people using bitcoin as criminals or money laundering , we know that bitcoin have a lot of advantages so we should support bitcoin because bitcoin give us a lot of profit.

Yeah we all know that bitcoin also provides benefits for many people because it provides financial benefits for its users. But if the risks of adopting bitcoin can increase crime and crime in a country. Of course the government will not want it

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Some countries still have wrong opinion about the Bitcoin, they think it's crrated for illegal activities and that can be dangerous for their citizens or economy. So they think they could do something with bans or similar. But this is very wrong and doesn't lead to improvement. We should work on education on raising awareness about positive impacts of Bitcoin.

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Quote from: BeGoods on June 24, 2017, 09:29:36 AM

Quote from: Natalia_Volkova on June 22, 2017, 01:34:56 AM

It's true that Bitkoin isn't supported in some countries. In my opinion, this is due to the fact that their economy is simply not ready for such significant changes.

Yeah for now bitcoin can not be implemented in a country's economic system. Certainly the reason is because bitcoin is anonymous and decentralized. But it may be that a time of regulation has its own strategy for bitcoin to be applied in their country

Yes it can and the best proof to that are those country who already legalized bitcoin. Once it was became legalized, it's now part of one country's economic system meaning will run like a normal currency.

Prior to the approval, countries that legalized bitcoin already know that bitcoin is somehow can be used on anonymity as it was a decentralized currency that's why there are terms about it so that people can used bitcoin without worrying they will be punish by the law.

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Quote from: Natalia_Volkova on June 22, 2017, 01:34:56 AM

It's true that Bitkoin isn't supported in some countries. In my opinion, this is due to the fact that their economy is simply not ready for such significant changes.

Yeah for now bitcoin can not be implemented in a country's economic system. Certainly the reason is because bitcoin is anonymous and decentralized. But it may be that a time of regulation has its own strategy for bitcoin to be applied in their country

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Quote from: BeGoods on June 23, 2017, 10:25:01 PM

Quote from: guoyu78 on June 23, 2017, 06:38:30 PM

Quote from: ?? on ??

Money laundering, criminal use are some of the reasons why some countries do not support bitcoins.
I think it is silly, though, to show a lack of support for bitcoins.

i think support bitcoin is much more better and i think its not the mistake of bitcoin who says that people using bitcoin as criminals or money laundering , we know that bitcoin have a lot of advantages so we should support bitcoin because bitcoin give us a lot of profit.

I think the government also knows that bitcoin also has advantages and advantages that can be gained by many people. But the government will also consider the risks. If they see the risk is too great and detrimental to the state. Of course they will ban bitcoin.

I think it's just places like China and communist places like north Korea where they want to control people so a tool of freedom is a big no from them. Maybe other governments have fear their currency will no longer be used in favour of crypto currency ? I think this is a very real possibility.

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Quote from: guoyu78 on June 23, 2017, 06:38:30 PM

Quote from: ?? on ??

Money laundering, criminal use are some of the reasons why some countries do not support bitcoins.
I think it is silly, though, to show a lack of support for bitcoins.

i think support bitcoin is much more better and i think its not the mistake of bitcoin who says that people using bitcoin as criminals or money laundering , we know that bitcoin have a lot of advantages so we should support bitcoin because bitcoin give us a lot of profit.

I think the government also knows that bitcoin also has advantages and advantages that can be gained by many people. But the government will also consider the risks. If they see the risk is too great and detrimental to the state. Of course they will ban bitcoin.

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Quote from: scorge on June 23, 2017, 09:26:02 PM

Because its a new tech with a new implication. They make their law to protect their currency or anything that may affect them. But i believe once big country already use it, and the application of btc is found in everyday's necessity they will open up and adopt it too. Maybe not all of them but some for sure.

Some governments in Africa are very conservative. In south america too. They don't let people to have their economic freedom by using crypto currencies and they ban it. Simply.

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Because its a new tech with a new implication. They make their law to protect their currency or anything that may affect them. But i believe once big country already use it, and the application of btc is found in everyday's necessity they will open up and adopt it too. Maybe not all of them but some for sure.

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Quote from: guoyu78 on June 23, 2017, 06:38:30 PM

Quote from: ?? on ??

Money laundering, criminal use are some of the reasons why some countries do not support bitcoins.
I think it is silly, though, to show a lack of support for bitcoins.

i think support bitcoin is much more better and i think its not the mistake of bitcoin who says that people using bitcoin as criminals or money laundering , we know that bitcoin have a lot of advantages so we should support bitcoin because bitcoin give us a lot of profit.

We consider bitcoin as money, so as a money it can also be used for criminal activities and I know bitcoin was used for
such in the black market or in the deep/dark web. Now, it is the government function to ensure these illegal activities will be
prevented or if now be stopped.

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Quote from: ?? on ??

Money laundering, criminal use are some of the reasons why some countries do not support bitcoins.
I think it is silly, though, to show a lack of support for bitcoins.

i think support bitcoin is much more better and i think its not the mistake of bitcoin who says that people using bitcoin as criminals or money laundering , we know that bitcoin have a lot of advantages so we should support bitcoin because bitcoin give us a lot of profit.

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Quote from: doomloop on June 20, 2017, 07:00:33 PM

Quote from: NEWGOODOUBLE on June 17, 2017, 03:06:31 AM

Quote from: Alexila on June 16, 2017, 11:50:31 PM

Bitcoin does not need to be supported by countries. Its supported by the blockchain and everyone can use it with an internet connection.

Yeah bitcoin can live without government assistance and whoever that decentralization function .. even though bitcoin is prohibited in some countries even though it will not make bitcoin dead or lost because it all depends on the user itself. Users can still use bitcoin freely for being anonymous and being on the internet

Bitcoin has is a very huge web if a few countries are not accepting Bitcoin it does not mean that it will be dead or will go vanish from that particular country. it is not spread everywhere, people are still very interested in using Bitcoin as it is profitable for people if not for government but for all people of that country. they have great faith in bitcoin profit and want to earn through it as much as they can earn.

No this is not fact more countries has centralized bitcoin for there internal trade and many countries will legalizing bitcoin in the future. So this is not right that countries not supporting bitcoin and if some countries not supporting bitcoin is just because of un awareness and having no internet facility but it will be covered in future

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Quote from: Theb on June 23, 2017, 01:10:10 PM

Quote from: hawthelegend on June 23, 2017, 12:55:45 PM

Very simple op, it is because some countries are scared that many people might use Bitcoin to launder money. Also, banks can not control Bitcoin, and most importantly is that Bitcoin is not formally linked to any of the existing laws and regulations of any central government here in the world today. So yeah, that is why I think most countries do not support Bitcoins.

It is not about countries being scared of what it brings. Let us focus on the word "support" why do you think a country will support something that is decentralized in nature? Which is the complete opposite of what a government has a right to do. When you think of it most countries does not even care that Bitcoin exist in which almost all of them are neutral about the topic. Bitcoin as of right now is not yet a threat to these countries.

Mostly because its a decentralized currency with no rules or tax laws. Government aren't kinda scared actually, they are just preventive about disturbing situations. As of India, its being heard that laws and tax will be implemented.

Moreover, many countries have other situations to control first, more important than Bitcoin probably. They might also accept if all the other countries will do so.

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Quote from: hawthelegend on June 23, 2017, 12:55:45 PM

Very simple op, it is because some countries are scared that many people might use Bitcoin to launder money. Also, banks can not control Bitcoin, and most importantly is that Bitcoin is not formally linked to any of the existing laws and regulations of any central government here in the world today. So yeah, that is why I think most countries do not support Bitcoins.

It is not about countries being scared of what it brings. Let us focus on the word "support" why do you think a country will support something that is decentralized in nature? Which is the complete opposite of what a government has a right to do. When you think of it most countries does not even care that Bitcoin exist in which almost all of them are neutral about the topic. Bitcoin as of right now is not yet a threat to these countries.

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Very simple op, it is because some countries are scared that many people might use Bitcoin to launder money. Also, banks can not control Bitcoin, and most importantly is that Bitcoin is not formally linked to any of the existing laws and regulations of any central government here in the world today. So yeah, that is why I think most countries do not support Bitcoins.

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Quote from: Prodigan786 on June 23, 2017, 11:42:40 AM

countries banned bitcoin I don't know how much but very few because of money laundering and illegal activities and also huge fund transfer outside country .

Maybe you're right, about money laundering and illegal activities, I think bitcoin is not supported in some countries because of bitcoin development, because there is some countries, which the internet connexion is not available anywhere. Because bitcoin can used only with internet, so allowing internet connexion in the whole world, it's the first move for bitcoin developpment around the globe.

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countries banned bitcoin I don't know how much but very few because of money laundering and illegal activities and also huge fund transfer outside country .

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Quote from: Natalia_Volkova on June 22, 2017, 01:34:56 AM

It's true that Bitkoin isn't supported in some countries. In my opinion, this is due to the fact that their economy is simply not ready for such significant changes.

Your answer is right. But I tend to the idea that the government don't want their citizens to use other cryptocurrencies instead of using real money, unit of currency. And it also due to the poor of technology and knowledge.

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Quote from: Kotone on June 23, 2017, 06:50:56 AM

Quote from: Termin4tor on June 23, 2017, 06:25:40 AM

Well I think its because of the fact that many countries fear that their local currency might get negatively affected with the introduction of bitcoin.

Maybe you are right. Thats why government doesnt leagalize it because of that fact. And they think that it may be affect the economic of the country. And they also think that bitcoins came from the bad thing and they will say that it can from the payment for the hackers , black market etc. I wish many countries will legalize it.

All that will change if America and Russia have approved bitcoin with the adoption of clear regulations, bitcoin is like badboy, this coin can be arranged and operated by capitalist civilization and all existing governance system. Links that contain bad things about bitcoin will continue to appear because there are no proper rules. Actually everything can be handled properly.

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