Hi
Actually there is no clear regulation of bitcoin. No official statement from the government yet. Maybe some countries are still doubtful with the existence of bitcoin, because there is no clear regulation then the possibility of bitcoin prices rose even dropped unpredictable.
Thanks
Topic: Why bitcoin is not supported in some countries? - page 115. (Read 98470 times)
Obviously bitcoin will not be available in many contries bevause of the government will not allow it because bitcoin isna big threat in there economy it is the banksnmost fear in there company can make them disaapear also can be use many illegal transaction in the darknet without having a trase.
It's not a threat if they will closely make a study on it, actually it can help the progress of their economy since more moneywill circulate and that means more business will be created as well. They need to study it carefully before making a decision.
Perhaps their country holds the same law that its definition is not supported as well. We are talking about violations then as far as I do think that there is a state that prohibits bitcoin, at least there is no official then banking relations with one another its.
I will not expect every country will accept bitcoin but I only want to see more countries will accept bitcoin.We need more people to use bitcoin to spread the circulation and this will make people aware that bitcoin is here to serve them
for their online needs and take note their investing as well.
Perhaps their country holds the same law that its definition is not supported as well. We are talking about violations then as far as I do think that there is a state that prohibits bitcoin, at least there is no official then banking relations with one another its.
The legislatures of these nations are essentially anxious of Bitcoin and not without reason. They may concoct whatever reasons like Bitcoin being utilized for criminal exercises, for example, illegal tax avoidance and psychological warfare financing (as though money weren't utilized for that too, and likely with far and away superior outcomes), yet the unforgiving truth is that Bitcoin contends with their nearby monetary forms and may in the long run outcompete them. It resembles the US dollar which everyone cherishes except which the legislatures can in any case pretty much control through outside money trade operations done by banks (aside from money exchanges, yet these are little in general).
I feel that nations see some threat in bitcoin reason for it is controlles cash and there clerics or some other dull movement can utilize bitcoin for their stuff.
I feel that nations see some threat in bitcoin reason for it is controlles cash and there clerics or some other dull movement can utilize bitcoin for their stuff.
The major reason about that is its legality and it's not yet full studied by the government. We can say that it's easy to leagalized bitcoin im country but it's not. It would take many years to fully reviewed its currency and it must have a law and agreement. This is something not easy to do that's why it's not supported in all countries.
yes, bitcoin is not yet legalize by all of the government in each country therefore some countries prohibited it, not all countries allow its countrymen to surf on the internet or to surf in some sites, and the other thing i think is that some countries doesnt have internet connection in their countries, therefore they cant afford to surf on the internet to earn bitcoins, their countries doesnt supported bitcoin due to lack of money to provide internet connections.
Obviously bitcoin will not be available in many contries bevause of the government will not allow it because bitcoin isna big threat in there economy it is the banksnmost fear in there company can make them disaapear also can be use many illegal transaction in the darknet without having a trase.
Or Maybe because they think bitcoin will get attention and fiat money will be useless after they support bitcoin as one of the payment methods. But well, we dont really know what they are thinking, we can just guess or somehow tell why they cant agree to support bitcoin, maybe they really dont know the real purpose as of now. Someday they will all agree and support bitcoin.
Every country has there own opinion and laws, for example China mainly because of currency, Other Asian countries because of how hard it's to follow up and regulate them, and allot of nations do it without actually understanding BTC and more for publicity.
What makes me happy is to know that majority of the countries had supported bitcoin, we cannot please them all and although some countries had banned bitcoin but it does not decrease it's value. The limited supply of bitcoin makes the price more promising and considering that more people are hoarding bitcoins which limits the supply distribution.
Every country has there own opinion and laws, for example China mainly because of currency, Other Asian countries because of how hard it's to follow up and regulate them, and allot of nations do it without actually understanding BTC and more for publicity.
Maybe they are lack of knowledge about in bitcoin, or close minded about it. Or it could be that they treat bitcoin as a threat
to their country. And I don't why? But I do believed that sooner or later they will accept bitcoin like what Russia did before.
to their country. And I don't why? But I do believed that sooner or later they will accept bitcoin like what Russia did before.
Bitcoin does pose a big issues for some countries, best example of these are Russia and China, where the financial system is not completely free and the local currency is controlled to an extent "we all know how much the US is trying to make China release it's coin to the world and hence improving in value, which would make Chinese products more expensive", Anyhow, BTC circumvent this since the local currency is traded to BTC "and mostly exchanged to USD earlier" hence impacting the price... Some countries ban it because it's hard to regulate and the countries are just incompetent.
Because some of the countries is protect of their national currency some are banned by their government. many countries banned because they fear about their economics or maybe affect. Because they know that a bitcoin is give opportunities to people that's why their government does not legal. They afraid its because if a bitcoin is become familiar it is a future currency.
That is the main reason for the state leaders. They have an incredible fear with bitcoin. They do not want the financial system in the country disturbed. In addition they are also frightened because of the unstable bitcoin. It could be that a country becomes destroyed when they can not manage finances well. 
They are afraid that people on a certain country will fully switch to bitcoin and with that thing happen problem will arise regarding on implementing tax and thats the time the government will have a very big problem because most people do already have the control on their money unlike on banks which is regulated by the government.
I agree with you. Protecting national security is very important. Perhaps they are concerned that criminals will attack the bitcoin network, which is not strictly regulated.Countries have different thoughts and decisions, some countries think it is potential in the future but some countries are also worried about managing this currency.
Bitcoin is supported by countries with a strong economic system. Poor countries, on the contrary, are afraid to use bitcoin. And they try to prohibit citizens from using it. But in the future many countries, at least in part, will take bitcoin
They are afraid that people on a certain country will fully switch to bitcoin and with that thing happen problem will arise regarding on implementing tax and thats the time the government will have a very big problem because most people do already have the control on their money unlike on banks which is regulated by the government.
I agree with you. Protecting national security is very important. Perhaps they are concerned that criminals will attack the bitcoin network, which is not strictly regulated.Countries have different thoughts and decisions, some countries think it is potential in the future but some countries are also worried about managing this currency.
Bitcoin is supported by countries with a strong economic system. Poor countries, on the contrary, are afraid to use bitcoin. And they try to prohibit citizens from using it. But in the future many countries, at least in part, will take bitcoin
They are afraid that people on a certain country will fully switch to bitcoin and with that thing happen problem will arise regarding on implementing tax and thats the time the government will have a very big problem because most people do already have the control on their money unlike on banks which is regulated by the government.
I agree with you. Protecting national security is very important. Perhaps they are concerned that criminals will attack the bitcoin network, which is not strictly regulated.Countries have different thoughts and decisions, some countries think it is potential in the future but some countries are also worried about managing this currency.
Maybe the main reason why many countries not support Bitcoin is they don't see the advantage of Bitcoin and thinks that's not the urgent things to support Bitcoin in their countries, someday they will suport and adopt Bitcoin soon.
Because some of the countries is protect of their national currency some are banned by their government. many countries banned because they fear about their economics or maybe affect. Because they know that a bitcoin is give opportunities to people that's why their government does not legal. They afraid its because if a bitcoin is become familiar it is a future currency.
The only fear that some countries don't support bitcoin is, they thought people use it for illegal things like people will not pay taxes because bitcoin is decentralized and government has no powet to control bitcoin that's the are not supporting bitcoin.
They are afraid that people on a certain country will fully switch to bitcoin and with that thing happen problem will arise regarding on implementing tax and thats the time the government will have a very big problem because most people do already have the control on their money unlike on banks which is regulated by the government.
I agree with you. Protecting national security is very important. Perhaps they are concerned that criminals will attack the bitcoin network, which is not strictly regulated.Countries have different thoughts and decisions, some countries think it is potential in the future but some countries are also worried about managing this currency.
Because some of the countries is protect of their national currency some are banned by their government. many countries banned because they fear about their economics or maybe affect. Because they know that a bitcoin is give opportunities to people that's why their government does not legal. They afraid its because if a bitcoin is become familiar it is a future currency.
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