Countries all over the world have an ambiguous attitude towards digital crypto-currencies. Some fully support digital money, while others have not yet made a decision regarding such currencies.
I think most countries prefer to ban bitcoin rather than allow the use of bitcoin in their country. Of course the government will see the bad side that will be given bitcoin to the government in particular.
Topic: Why bitcoin is not supported in some countries? - page 113. (Read 98470 times)
Many countries worry because bitcoin is anonymous, so it can be used for a variety of illegal acts such as money laundering and terrorism. Maybe that's the main reason many countries in the world not supported bitcoin
That is just an excuse, that is small potatoes compared to what bitcoin can do to shape the way finances work in the world, it is very obvious governments and banks see the potential and the risk of losing the profits they make by doing nothing, I think the reason we don’t see a ban on bitcoin is for the reason another like it can be created at will by anyone.You can't just say "another like it can be created". There no other digital currency like bitcoin, thay may have the same part though bitcoin is the original digital currency. You can't say like bitcoin, but another altcoin based on bitcoin.
Many countries worry because bitcoin is anonymous, so it can be used for a variety of illegal acts such as money laundering and terrorism. Maybe that's the main reason many countries in the world not supported bitcoin
That is just an excuse, that is small potatoes compared to what bitcoin can do to shape the way finances work in the world, it is very obvious governments and banks see the potential and the risk of losing the profits they make by doing nothing, I think the reason we don’t see a ban on bitcoin is for the reason another like it can be created at will by anyone. 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
They may claim it is because it is risky, but it is all about control. The power-hungry authoritarians all over the world don't like freedom and want to control people. This comes from controlling their money among other things. Bitcoin let's people control their own lives which the people running governments don't like.
Bitcoin is not supported very vell in my country.We barely have heard about bitcoin and we did that on personal discovery.Media does not give any attention to bitcoin.They don't see bitcoin as the future of money.They only give attention to some "famous" people and lies they spread but that is other topic.
Countries all over the world have an ambiguous attitude towards digital crypto-currencies. Some fully support digital money, while others have not yet made a decision regarding such currencies.
Maybe because not all countries are the same in terms of technological advancement. Other countries do not have a nationwide supply of electricity. Some still do not know how to use a computer. While other countries have thoughts on using bitcoins as part of their currency. It is hard for someoe to accommodate bitcoins since you will never know when a glitch in your computer will happen.
Countries all over the world have an ambiguous attitude towards digital crypto-currencies. Some fully support digital money, while others have not yet made a decision regarding such currencies.
Bitcoin is not supported in some countries may be because bitcoin can not be managed or controlled, although traceable, how to track transaction is complicated and takes a long time, everyone can use bitcoin, maybe that's why bitcoin is not supported in some countries
Well for me, i probably think that they hate the fact that they can not and never will be able to control bitcoins. And you know governments dont love something they cant control, those countries that have accepted bitcoins are the countries that realized they cant do shit to stop it nor control the people not to use it, so they just go and take advantage of the benefits they can get and ignore the thing they cant do ahit about.
That's just in my own perspective tho
That's just in my own perspective tho
I strongly support that view
I also think that many countries quite naturally first chose to ignore Bitcoin completely hoping that it will kick the bucket on its own eventually. Some countries (like Russia) had even shown teeth and growled. Right now, when it has become evident that Bitcoin is going to expand, ignoring it any further would likely raise a lot of eyebrows among population and would be pretty stupid, as to me. Therefore, many countries would have at least to reveal their attitude toward Bitcoin somehow, that they are determined to regulate it in some way in the future (even if they are not in fact going to do anything)
Exactly! They probably hate to lose control, that is why they hate bitcoins, but then they saw that lots of people are getting more and more into it. So, with them not wanting to look bad, which can cause rebellion or something like that, they then do what they need to do even if it is forced and against what they want just to save their images and their control over the people in their countries. Which i think, will happen with every country sooner or later.
I think it was due to they affect the economy of country, because if the bitcoin were become famous currency in some country the original currency of the country were diminishing due to acceptance of the people. In addition value of bitcoin were more valuable than other currency of some country that's why they scared to accept or support the bitcoin in their country.
Well for me, i probably think that they hate the fact that they can not and never will be able to control bitcoins. And you know governments dont love something they cant control, those countries that have accepted bitcoins are the countries that realized they cant do shit to stop it nor control the people not to use it, so they just go and take advantage of the benefits they can get and ignore the thing they cant do ahit about.
That's just in my own perspective tho
That's just in my own perspective tho
I strongly support that view
I also think that many countries quite naturally first chose to ignore Bitcoin completely hoping that it will kick the bucket on its own eventually. Some countries (like Russia) had even shown teeth and growled. Right now, when it has become evident that Bitcoin is going to expand, ignoring it any further would likely raise a lot of eyebrows among population and would be pretty stupid, as to me. Therefore, many countries would have at least to reveal their attitude toward Bitcoin somehow, that they are determined to regulate it in some way in the future (even if they are not in fact going to do anything)
There should be support for Bitcoin no matter where on the planet you are. You need a device and s way to connect online and a wallet. That is all you need to use Bitcoin and that is what makes it so wonderful to use.
The main factor is the countries not yet ready to accept bitcoin, and the country still prioritizes the fiat money for the direct transaction. Until now, there are no countries that approved the use of the currencies from other countries directly, the official currency of other countries just could not accepted for transactions in the country, let alone the bitcoin which until now there hasn't been any countries that used it officially.
and also, There are many reason why bitcoin is not supported in other countries. If you could see the government, they need taxes- taxes is a very important in the country to have an successful economy and because of that they'll banned bitcoin. Bitcoin is a crypto-currency or a paper money and they don't get a taxes into it and that is the reason why they banned it.
and also, There are many reason why bitcoin is not supported in other countries. If you could see the government, they need taxes- taxes is a very important in the country to have an successful economy and because of that they'll banned bitcoin. Bitcoin is a crypto-currency or a paper money and they don't get a taxes into it and that is the reason why they banned it.
Well for me, i probably think that they hate the fact that they can not and never will be able to control bitcoins. And you know governments dont love something they cant control, those countries that have accepted bitcoins are the countries that realized they cant do shit to stop it nor control the people not to use it, so they just go and take advantage of the benefits they can get and ignore the thing they cant do ahit about.
That's just in my own perspective tho.
That's just in my own perspective tho.
Many countries worry because bitcoin is anonymous, so it can be used for a variety of illegal acts such as money laundering and terrorism. Maybe that's the main reason many countries in the world not supported bitcoin
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
In bangladesh,even imprisonment is given to persons if found using bitcoins.Some countries fear that bitcoin would be used for buying illegal products.They also fear that they would loose their revenues which they got from taxes. 
There are several reasons like we are arranged by the government and it is no secret that governments of some countries forbid bitcoin.
I hope the country can accept bitcoin because it makes my future even better, that's my hope bitcoin.
It is easy for a country to accept bitcoin because of its advantages and features, i think the countries just need to notice bitcoin and if they will notice bitcoin then they can easily study it and do a lot of research about it and after that they can easily decide if they will accept it or adopt it as a currency or not.If people will know about bitcoin what it about and what will the benefits of it, they will immediately accept it. But other country and it's government don't want it, they think that bitcoin is a currency that can use for terrorist, cyber crimes and other bad things with the used of internet. Other are don't like bitcoin they want the traditional currency.
I hope the country can accept bitcoin because it makes my future even better, that's my hope bitcoin.
It is easy for a country to accept bitcoin because of its advantages and features, i think the countries just need to notice bitcoin and if they will notice bitcoin then they can easily study it and do a lot of research about it and after that they can easily decide if they will accept it or adopt it as a currency or not.
Perhaps because maasih constrained state policies such as in my country. Banned for fear of terrorists sending funds using btc But I hope that the future btc can be legend in my country
Jump to: