Topic: Why bitcoin is not supported in some countries? - page 119. (Read 98470 times)
I will rather say in what countrys bitcoin is supported,you will find just few cuntrys where bitcoins is supported
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
This is a very valid reason that you have discussed. I appreciate that you actually understand that reason due to which some government fear of the Bitcoin and ignoring it to be promoted and make steps for the legality of the BTC. As the local currency of any country represents the strength of the particular country and with the BTC the governments can’t do this.
Give me a break but anybody can tell me which country has a ban on bitcoin ?? As far as I know none country has banned the use of bitcoin till now however it isn't legal even.
But if someone gonna use it for illegal things like on deep web, buying drugs etc. then nothing below the sky could permit the use of bitcoin!
But if someone gonna use it for illegal things like on deep web, buying drugs etc. then nothing below the sky could permit the use of bitcoin!
Bitcoin is not supported in some countries for the two things i know, first is they didn't know bitcoin yet or haven't discovered it by their staffs or research team or second is, they banned it because of the illegal activities that is involved with bitcoin like the criminals took advantage of using bitcoin to stay anonymous to their bad habits.
Every country and financial institutions in those countries completely know about the bitcoin. If you bitcoin adopted without any modification simply every fake fees for the merchants and banks behind the transaction will be available on open to see for everyone. This is the Many Government not adopt the bitcoin as it is, Corporates copying the blockchain technology and trying to hide the things which are should see by the normal users on it.
Bitcoin is not supported in some countries for the two things i know, first is they didn't know bitcoin yet or haven't discovered it by their staffs or research team or second is, they banned it because of the illegal activities that is involved with bitcoin like the criminals took advantage of using bitcoin to stay anonymous to their bad habits.
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.
I think it's not because Bitcoin will do harm on their economy but because it is decentralized and the government don't have any control over it. If they cannot control Bitcoin, they will have no benefit from it. Even though some countries banned Bitcoin, some users can still use it because the government has no way to trace them.
No government wants something which cannot be controlled by their cheap politicians. They want to have control over their population no matter what and thats why Bitcoin is banned in some countries. BTC gives people a chance to make money and can transfer anywhere so easily. One of the best technology of this century if you ask me.
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.
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.
I think it's not because Bitcoin will do harm on their economy but because it is decentralized and the government don't have any control over it. If they cannot control Bitcoin, they will have no benefit from it. Even though some countries banned Bitcoin, some users can still use it because the government has no way to trace them.
Every country has a law and has regulations to be followed.Maybe the one who is leading a country that banned or give punishment if people uses bitcoins dont like or see bitcoins as a threat to his country.
Maybe the leader himself is not open to changes or open to innovations because Bitcoin has changed the way transaction works and how it possibly can change how we transfer money from one place to another. This can be true and this is quite expected. We should not expect everybody to embrace new changes especially when it comes to financial infrastructures like what Bitcoin in particular or cryptocurrency in general can be bringing on the table. Change can take some time. As they say, Rome was definitely not built in a day.
One big reason why there are those who resist and oppose Bitcoin is because this is not issued by any power and is not really backed by any tangible assets like gold or any metal for that matter. Bitcoin is representing a new paradigm which has no role model in the past. Partly, using this view, one can say that Bitcoin has its own risks embedded in itself.
In the coming years, we can witness how Bitcoin can go mainstream and be really adopted on a global scale. However, as in the study of human nature, we are not also sure if there would be an intervening event along the way that can change the trajectory of the Bitcoin growth...people can only analyze and even predict but the actual events can be beyond our own hands.
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 holds negative image in the minds of people and they think that bitcoins is used by criminals and it is used for illegal activities and that is the reason its not getting support from the people and government.
This is one of the reason why other countries doesn't want to engage and start using and adopting bitcoin.
What comes to their mind is that it can harm their economy and they will push their people to start engaging into shady transactions.
They really don't understand bitcoin as it is not just only for those people that had been using it for their illegal deeds.
But soon, they will understand that bitcoin is a good tool to help their economy and they will start using it.
Right, even the government they cannot see the significance of bitcoin to the people they are just into negative side of it, they do not look further out of it. But we hope someday things will be okay and soon to implement as the world currency. Those shady transactions and some negative aspects of bitcoin must be erase into their minds.
Bitcoin holds negative image in the minds of people and they think that bitcoins is used by criminals and it is used for illegal activities and that is the reason its not getting support from the people and government.
This is one of the reason why other countries doesn't want to engage and start using and adopting bitcoin.
What comes to their mind is that it can harm their economy and they will push their people to start engaging into shady transactions.
They really don't understand bitcoin as it is not just only for those people that had been using it for their illegal deeds.
But soon, they will understand that bitcoin is a good tool to help their economy and they will start using it.
Right, even the government they cannot see the significance of bitcoin to the people they are just into negative side of it, they do not look further out of it. But we hope someday things will be okay and soon to implement as the world currency. Those shady transactions and some negative aspects of bitcoin must be erase into their minds.
Bitcoin holds negative image in the minds of people and they think that bitcoins is used by criminals and it is used for illegal activities and that is the reason its not getting support from the people and government.
This is one of the reason why other countries doesn't want to engage and start using and adopting bitcoin.
What comes to their mind is that it can harm their economy and they will push their people to start engaging into shady transactions.
They really don't understand bitcoin as it is not just only for those people that had been using it for their illegal deeds.
But soon, they will understand that bitcoin is a good tool to help their economy and they will start using it.
Right, even the government they cannot see the significance of bitcoin to the people they are just into negative side of it, they do not look further out of it. But we hope someday things will be okay and soon to implement as the world currency. Those shady transactions and some negative aspects of bitcoin must be erase into their minds.
There are alot of different issues that causes bitcoins not being supported by a specific country,first of all is legality issues its a very common issue when it comes to bitcoins adoption and last is they consider bitcoins as a threat
In my country is still not defined the status of bitcoin, the legality is in the gray zone, but the government sometimes arrest people for mining bitcoin alleging they are doing money laundering.
How can your government identifies who mines Bitcoin in your country? One of the unique characteristics of Bitcoin is that you can use it anonymously. Unless those people are very open and promoting that they are mining Bitcoin. Is there a law in your country that a person who mines or uses Bitcoin should be penalized?
Some countries fear that they would lose their earnings which they get from taxes.Moreover,they think that bitcoin would be used to buy illegal products.So they want to restrict bitcoins.
In my country is still not defined the status of bitcoin, the legality is in the gray zone, but the government sometimes arrest people for mining bitcoin alleging they are doing money laundering.
How can your government identifies who mines Bitcoin in your country? One of the unique characteristics of Bitcoin is that you can use it anonymously. Unless those people are very open and promoting that they are mining Bitcoin. Is there a law in your country that a person who mines or uses Bitcoin should be penalized?
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
No one knows, I say if they don't know about bitcoin then they might not love the bitcoin. many States which close access bitcoin fearing legal money will be replace.
In my country is still not defined the status of bitcoin, the legality is in the gray zone, but the government sometimes arrest people for mining bitcoin alleging they are doing money laundering.
How can your government identifies who mines Bitcoin in your country? One of the unique characteristics of Bitcoin is that you can use it anonymously. Unless those people are very open and promoting that they are mining Bitcoin. Is there a law in your country that a person who mines or uses Bitcoin should be penalized?
to research what is "money laundering"..
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