Topic: Why bitcoin is not supported in some countries? - page 118. (Read 98470 times)
I think other countries not supported bitcoin because of their government rules. Bitcoin is anonymous I think this is one of the reasons why its not supported in some countries.
Bitcoin can be called something new in instrument of investments, there are not rules of bitcoin
even the governments can not do control it, (there is regulator of bitcoin if be used for currency),
it is mean bitcoin is dangerous for some countries, so they don't want support it on their countries
and there are not clear of rules on bitcoin, everything be runned by system of bitcoin.
even the governments can not do control it, (there is regulator of bitcoin if be used for currency),
it is mean bitcoin is dangerous for some countries, so they don't want support it on their countries
and there are not clear of rules on bitcoin, everything be runned by system of bitcoin.
Because,bitcoin is centralized and cryptography based so,if any need goverment dont have rights to hold or ban or control.so,most of the countries not ready to accept bitcoin.
Bitcoin is anonymous, as well it has a delusion effect as it's completely virtual. This makes the government fear of the bitcoin usage into the country. Soon we can expect more Countries to support using bitcoin as developing countries are already into the bitcoin usage.
Because,bitcoin is centralized and cryptography based so,if any need goverment dont have rights to hold or ban or control.so,most of the countries not ready to accept bitcoin.
Bitcoin is anonymous, as well it has a delusion effect as it's completely virtual. This makes the government fear of the bitcoin usage into the country. Soon we can expect more Countries to support using bitcoin as developing countries are already into the bitcoin usage. 
Because some countries started they dont have any knowledge about bitcoin they dont know that it is a digital money that can grow its price in the market.
Some government's does know about bitcoin but refuses to accept it cause it might make their fiat currency obsolete if their people started using crypto currency rather than their own currency they will not gain any profit.
Some government's does know about bitcoin but refuses to accept it cause it might make their fiat currency obsolete if their people started using crypto currency rather than their own currency they will not gain any profit.
countries , their laws. It really depends on your definition for not supported too . If we speak about banning then as far as I know I don't think there is a country that actually banned bitcoin ,
There are some few countries that banned bitcoin because of its features that can be abused by the criminals that are using bitcoin like in the underground market where they do illegal activities and pay each other by bitcoin which is an advantage because they can't be traced by the authorities so when the government found out this, they immediately banned bitcoin. 
Some countries do not support bitcoin. There are many reason such as they have won economic policy on their people. Government can not taking tax who use bitcoin. Bitcoin transaction is hide so it also creat money londaring laundering. Bitcoin can hamper their on economy.
There is no way to tax bitcoin because it is not money, only the moment you convert it to fiat is you are oblige to pay for the taxes, we must understand that to make a good statement. Big countries can tax people who are using bitcoin only if they earn, as it is a general rule that when you make money from a certain transaction, there is a certain percentage due for the governmentYou seem to be unfamiliar with modern tax systems
If something is not money it doesn't mean that it can't be taxed. To the contrary, it is hard to tax money itself since such taxation goes against the very concept of money, but in respect to what is not money governments can easily tax virtually anything. If Bitcoin is considered as property (or some obscure digital rights as in China), you will have to pay a property tax. Wtf, they can even tax your own self for you being a freelancer or having no children (there is a real tax on childlessness)
Bitcoin is illegal for few countries Because the government thinks that bitcoin will do much harm to their economy.It's someone uses it illegally in this county then the government takes legal action.
Bitcoin will indeed disrupt economic stability if adopted in large quantities, but if still in small quantities it will not have a big effect. But I think that's not what makes some countries do not support bitcoin. I think the security factor is the right reason. The security of bitcoin is considered not good by some governments, it is because potentially used for illegal activities (such as money laundering, etc.) and is considered at times can be hacked. No controls make the government doubt the security of bitcoin.The security of bitcoin can't really be access by the government yet for there are no announced security develops for it, but when some countries learn how Japan acknowledge and adopt bitcoin,government might find a way to use it especially if they can get more money from it like putting taxes.
Many countries, including my country, have not accepted BTC because it is new and difficult to control and especially not collected tax money.
Bitcoin is illegal for few countries Because the government thinks that bitcoin will do much harm to their economy.It's someone uses it illegally in this county then the government takes legal action.
Bitcoin will indeed disrupt economic stability if adopted in large quantities, but if still in small quantities it will not have a big effect. But I think that's not what makes some countries do not support bitcoin. I think the security factor is the right reason. The security of bitcoin is considered not good by some governments, it is because potentially used for illegal activities (such as money laundering, etc.) and is considered at times can be hacked. No controls make the government doubt the security of bitcoin.The security of bitcoin can't really be access by the government yet for there are no announced security develops for it, but when some countries learn how Japan acknowledge and adopt bitcoin,government might find a way to use it especially if they can get more money from it like putting taxes.
You can consider a few things there. Maybe because the government sees bitcoins as an imminent threat to their government and banks. Maybe people don’t care about bitcoin in that particular country and since the people are unaware, the government first ban bitcoin before its people become aware of it.
There is no immoral act of being a bit coiner, the government is just jealous of its potential because people will realize how wrong the present system and instead they will fight for cryptocurrency because it is the only way to loss grip on the iron hands of banks.
There is no immoral act of being a bit coiner, the government is just jealous of its potential because people will realize how wrong the present system and instead they will fight for cryptocurrency because it is the only way to loss grip on the iron hands of banks.
Some countries do not support bitcoin. There are many reason such as they have won economic policy on their people. Government can not taking tax who use bitcoin. Bitcoin transaction is hide so it also creat money londaring laundering. Bitcoin can hamper their on economy.
There is no way to tax bitcoin because it is not money, only the moment you convert it to fiat is you are oblige to pay for the taxes, we must understand that to make a good statement. Big countries can tax people who are using bitcoin only if they earn, as it is a general rule that when you make money from a certain transaction, there is a certain percentage due for the government. 
Some countries do not support bitcoin. There are many reason such as they have won economic policy on their people. Government can not taking tax who use bitcoin. Bitcoin transaction is hide so it also creat money londaring. Bitcoin can hamper their on economy.
Its because of government that bitcoin is not supported in some countries as governments are really afraid that if bitcoin becomes the main currency then they will loose control on money which will end up all their corrupted activities.
This is very true I totally agree. The main fear is actually about the power and the control, the governments want the ultimate power which in the case of the Bitcoin is not possible for them to gain it. As the BTC culture and norms are different from the fiat and the government is not will to change the traits so they discourage the BTC so, to hold the power with itself.
The government will not allow the development of the bitcoin in the country without control over it. The state is interested in making a profit from any currency.
Its because of government that bitcoin is not supported in some countries as governments are really afraid that if bitcoin becomes the main currency then they will loose control on money which will end up all their corrupted activities.
This is very true I totally agree. The main fear is actually about the power and the control, the governments want the ultimate power which in the case of the Bitcoin is not possible for them to gain it. As the BTC culture and norms are different from the fiat and the government is not will to change the traits so they discourage the BTC so, to hold the power with itself.
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
because bitcoin is decentralise and bitcoin can be a tool in doing illegal activities. and there are still so many fators why they do not recognize bitcoin. i just point some of it.
This discussion about bitcoin being used in illegal activities will never end. And it's very unfair to say that with bitcoin because even our fiat money or local currency are being used to fund for different illegal transactions. I had to agree with the decentralization and it is the one that what the creator/s of bitcoin want to implement.
Their countries , their laws. It really depends on your definition for not supported too . If we speak about banning then as far as I know I don't think there is a country that actually banned bitcoin , at least nothing official and If there is then Its related to the banking system with one way or another . If its about the lack of usability in ATMs , local shops then there are plenty of countries and It takes time as some countries have more priorities .
yes it is, every country has their own law that they are implementing we should obey it because if we not, we will be punished, just wai tuntil all the countries will have to use bitcoin in their everyday needs and will legalize it.
This is what they want you to think
But, as Thomas Jefferson allegedly said, if a law is unjust, a man is not only right to disobey it, he is obligated to do so. Well, I'm not so brave as that dude from the American history (provided he really said that in the first place) but I'm still conceptually agree with him, though I differ in methods. I'm more prone to concealed disobedience and using the system's flaws in my favor (i.e milking it, in a sense). The best is when you can manage to make one part of it fight against another all the while reaping profits (even if purely emotional)
State regulatory factors that cause the absence of bitcoin. There are even some countries that clearly prohibit the use of bitcoin because it is considered a scam.
In most countries BTC is almost unknown. People knows little about it in some places. We have a tendency , we are greedy. I have seen that many people invest in stock market without actual knowledge. In my place majority people are farmers. They sold their cows and lands to buy some useless shares and ultimately lost everything. That is why many countries do not allow currencies other than local currency. BTC is still a risky investment. If a lot of people invest in BTC, majority people may lose their investment
but i think the trend about the use of bitcoin is increasing. as now we can see that the users of bitcoin are available in all over the world and i do not think that there will be a single country where the users of bitcoin will not be available. i think still bitcoin is becoming popular and more and more people are adopting bitcoin. Bitcoin is illegal for few countries Because the government thinks that bitcoin will do much harm to their economy.It's someone uses it illegally in this county then the government takes legal action.
Bitcoin will indeed disrupt economic stability if adopted in large quantities, but if still in small quantities it will not have a big effect. But I think that's not what makes some countries do not support bitcoin. I think the security factor is the right reason. The security of bitcoin is considered not good by some governments, it is because potentially used for illegal activities (such as money laundering, etc.) and is considered at times can be hacked. No controls make the government doubt the security of bitcoin. Jump to: