Why bitcoin is not supported in some countries? - page 120.

erickkyut

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Quote from: th3nolo on May 04, 2017, 06:13:13 PM

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?

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Quote from: Rasel5209 on May 03, 2017, 12:56:01 AM

all country want reputation her country money. her own policies that use or disuse. but i guess as soon as accept btc her own currency because btc give good profit.

For who? not for the government I guess, In my opinion, is that giving up the whole economy for bitcoin by simply allowing bitcoin to be the main currency is a disaster for the country, it's ain't making a profit or miracle shit. People want freedom but government need to make and use the rules to keep the country, giving freedom without limit to their citizens is as the same as destroying the whole country. And I'm sure, everything is better with regulation and law.

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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.

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Quote from: loges on May 03, 2017, 04:15:18 PM

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.

Yes and this is kinda stupid, market cap of all bitcoins and alts that are in circulation for sure can be bought by one cartel, like if you block bitcoins they will stop selling drugs or weapons or idk, like this is how things work, you do not allow them and bad people stop to break the rules

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Quote from: loges on May 03, 2017, 04:15:18 PM

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.

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Quote from: Schuyler on May 02, 2017, 10:27:03 PM

Quote from: cryp24x on May 02, 2017, 10:13:43 PM

Quote from: Kizaki on May 02, 2017, 09:57:20 PM

Not the thing of being risky its the thing that unders leglity issues that stopping other country to use bitcoin and totally banned and whipe it out of their country.Some thinks that this may lead to huge terrorism due to anonymous transactions

Most of this case is either lack of knowledge about bitcoin or paranoia. We all know any thing can be used to support terrorist, even a minerals can be used to support it, so they should not blame Bitcoin and not support it due to the reason that it can be used to support terrorist activities, if that so then why not ban fiat money since they too are being used to support this activity of terrorism.

Bitcoin is still relatively unknown in most parts of the world. Even in urban areas, you wouldn't really hear much news about it, much more on far flung areas where internet connectivity is an issue. There was a time when only bad news about bitcoin would be broadcast by mainstream media so the stigma is there. But things are definitely improving with more people getting interested with bitcoin because of the recent performance.

but i think bitcoin is now becoming more and more popular. as time pass people getting knowledge about bitcoin, i do not think that there will a single country throughout the world who may not be using bitcoin, to me i think the users of bitcoin are even present even in backward countries of the world. most of the people are using bitcoin as investment because the facilities of bitcoin to be use as currency are not present in all over the world.

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Quote from: nara1892 on December 20, 2016, 10:46:39 AM

Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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

probabaly because bitcoin cannot be controlled by the government. sometimes we find government take profit too. so it is possible if they think they cannot control bitcoin in order to get profit, so they banned it. IMO

besides, bitcoin can be used by criminals and delete their tracks. so they cannot be arrested.

This doesn't really seem to be the factor behind all of this, but I'll agree with you on the motion that the government doesn't have control over the currency so they don't want it to be used, as they do want to control all the uses of one currency inside of their country. They also want to ensure they're getting all the tax money they can out of people and without the control of their currency, USD for instance, then it's going to be negative for them.

The whole narrative about criminals and Bitcoin does bother me as I highly doubt a junkie would go through all this trouble when they can buy drugs from some guy on the side of the road without any sort of issue of getting caught because they're using the internet that is heavily monitored by the FBI. I don't care what you say about all the protections you have against the police, you're going to be caught somehow if you buy online.

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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.

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Quote from: Japinat on May 03, 2017, 02:43:30 AM

Quote from: batang_bitcoin on May 03, 2017, 02:05:04 AM

Quote from: LeyMonte on May 02, 2017, 11:26:42 PM

Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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.

Even fiat who are centralized we can see it is being used for illegal activities also, if you compared it with bitcoin it is still fiat that is widely use for illegal activities. The money laundering was created to combat this kind of activity and it was imposed with banks to monitor cash it and cash out that are not justifiable or questionable, so that fact alone would prove that fiat are more used in illegal activities.

That's why I said it will never end. But those countries that are seeing bitcoin to be close in the usage for the illegal activities is a fact and they don't want it to expose to their citizens. We know that this is the number one currency through the black markets/deep web and they are only basing it through there, not knowing that it can be used for good.

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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.

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Quote from: stompix on May 03, 2017, 07:51:17 AM

Quote from: tittensor on May 02, 2017, 10:48:48 PM

There are many reasons why some countries in the world still do not agree to use bitcoin as a legal digital currency, such as in my country:
1. The government cannot impose taxes and will not be able to manage the currency, making it difficult to develop their country's infrastructure.
2. It can be as easy as money laundering, illegal trade, ex: UG, drug trafficking, weapons and very hard to detect the address of the crime.
3. The exchange is difficult when the exchange rate fluctuates, there may be loss of money between the two parties, causing many cases of scam ...
These are just a few of my ideas, but above all it is a tax problem and cannot handle Bitcoin

. Currently, my country does not support bitcoin, but still does not forbid people to use bitcoin in the exchange. Not have rule Grin

1. Oh but in can impose taxes, just like now when we use fiat money. No difference between the two. You sell something you issue a receipt. Simple.
2. Since the blockchain is public is actually pretty hard to commit money laundering at a large scale.
3. It doesn't concern the government in what you;re investing your money.

And you are really Bitcoin. In some cases, criminals are used to illegally trade in illicit drugs and weapons and other things that are prohibited around the world. You wanted not only because of this in Bitcoin is not available in other countries. I agree that in the first place authorities forbid Bitcoin because of non-payment of taxes by users.

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Quote from: tittensor on May 02, 2017, 10:48:48 PM

There are many reasons why some countries in the world still do not agree to use bitcoin as a legal digital currency, such as in my country:
1. The government cannot impose taxes and will not be able to manage the currency, making it difficult to develop their country's infrastructure.
2. It can be as easy as money laundering, illegal trade, ex: UG, drug trafficking, weapons and very hard to detect the address of the crime.
3. The exchange is difficult when the exchange rate fluctuates, there may be loss of money between the two parties, causing many cases of scam ...
These are just a few of my ideas, but above all it is a tax problem and cannot handle Bitcoin

. Currently, my country does not support bitcoin, but still does not forbid people to use bitcoin in the exchange. Not have rule Grin

1. Oh but in can impose taxes, just like now when we use fiat money. No difference between the two. You sell something you issue a receipt. Simple.
2. Since the blockchain is public is actually pretty hard to commit money laundering at a large scale.
3. It doesn't concern the government in what you;re investing your money.

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Quote from: Japinat on May 03, 2017, 02:43:30 AM

Quote from: batang_bitcoin on May 03, 2017, 02:05:04 AM

Quote from: LeyMonte on May 02, 2017, 11:26:42 PM

Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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 it. 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.

Even fiat who are centralized we can see it is being used for illegal activities also, if you compared it with bitcoin it is still fiat that is widely use for illegal activities. The money laundering was created to combat this kind of activity and it was imposed with banks to monitor cash it and cash out that are not justifiable or questionable, so that fact alone would prove that fiat are more used in illegal activities.

The fact is, fiat are the first money that is introduced to the public while bitcoin is just back in 2009 and that is why fiat is more like prone or being used in illegal activities because it was first but if the criminals will discover bitcoin then they will use it and not the fiat because bitcoin is anonymous and it will be their big advantage to the underground people.

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Quote from: batang_bitcoin on May 03, 2017, 02:05:04 AM

Quote from: LeyMonte on May 02, 2017, 11:26:42 PM

Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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 it. 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.

Even fiat who are centralized we can see it is being used for illegal activities also, if you compared it with bitcoin it is still fiat that is widely use for illegal activities. The money laundering was created to combat this kind of activity and it was imposed with banks to monitor cash it and cash out that are not justifiable or questionable, so that fact alone would prove that fiat are more used in illegal activities.

batang_bitcoin

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Quote from: LeyMonte on May 02, 2017, 11:26:42 PM

Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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.

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all country want reputation her country money. her own policies that use or disuse. but i guess as soon as accept btc her own currency because btc give good profit.

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Quote from: iqlimasyadiqa on April 19, 2017, 10:16:52 PM

Many countries are still cautious to include bitcoins to their financial system. Bitcoin is a digital currency that is easy to experience the price movement in an extream. This is the risk that the government wants to avoid.

That's right! and in addition to that some's also are afraid to adopt bitcoin or for them its a threat. But just like what you said bitcoin is a digital/virtual currency that can only be use as payment online.

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Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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.

tittensor

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There are many reasons why some countries in the world still do not agree to use bitcoin as a legal digital currency, such as in my country:
1. The government cannot impose taxes and will not be able to manage the currency, making it difficult to develop their country's infrastructure.
2. It can be as easy as money laundering, illegal trade, ex: UG, drug trafficking, weapons and very hard to detect the address of the crime.
3. The exchange is difficult when the exchange rate fluctuates, there may be loss of money between the two parties, causing many cases of scam ...
These are just a few of my ideas, but above all it is a tax problem and cannot handle Bitcoin

. Currently, my country does not support bitcoin, but still does not forbid people to use bitcoin in the exchange. Not have rule Grin

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Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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

It seems that you are India ( and me also) , here you listen about the prison for the 6 months for the use of the bitcoin is true , better Example for this is Bangladesh , where use of bitcoin is illegal and if anyone find in the bitcoin moments then he will go in prison .
But here I think these are really bad thing to restrict the people to use bitcoin Because this is open in the internet and no risk at all to use and full safe , here in our country India we can use bitcoin without any restriction but officially bitcoin is not legal in India that is pretty good but soon a law will be made by the India to use bitcoin in legal ways .

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