Why bitcoin is not supported in some countries? - page 123.

MWesterweele

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Quote from: Juggy777 on December 20, 2016, 10:45:35 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

That's really weird especially the jail part, the countries I knew allows Bitcoin use, though it's not legal but there are no such restrictions. But then again each country has its own policy and rules. Maybe the citizens have been grossly missing it or the country has not understood it at all. However I feel. Really sad for this users. Hope the country changes it law.

yes there are no such law that saying that a man that are using bitcoin will be under punished, therefore we are free to earn bitcoin and use it, We are allow to use it if the site that our using is not restricted in our country.

Distinctin

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Quote from: NEWGOODOUBLE on April 23, 2017, 05:47:39 AM

Quote from: Haladay on April 21, 2017, 04:44:56 PM

Quote from: FasTroy on April 21, 2017, 04:40:10 PM

Quote from: Haladay on April 21, 2017, 04:25:03 PM

Is internet not supported in any country excluding North Korea?

What do you mean the county which bitcoin is not supported. If you have internet connection, you have bitcoin. You don't need an permission.

By this question, I think he meant that the government doesn't accept bitcoin like a currency by using it in paying bills and shopping in real shop and restaurants etc..
So, Recently i hear that japan allow using bitcoin. I think this is a good idea for them.
Anyways, everyone can use bitcoin and control it as he want. converting it in fiat or use it as a degital currency, There is no problems.

So you better ask the question as "What are the countries allow bitcoin?"

Although it is not a legalization of the Japanese government. But at least. It's a positive signal .. government allowance means you're free to use bitcoin and not banned #imo

When a country has no objection about bitcoin, that would mean it is legal although not written in papers yet.
It's not legal or illegal but when the usage will grow they will make a proper guidelines because they also want to collect taxes.

NEWGOODOUBLE

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Quote from: Haladay on April 21, 2017, 04:44:56 PM

Quote from: FasTroy on April 21, 2017, 04:40:10 PM

Quote from: Haladay on April 21, 2017, 04:25:03 PM

Is internet not supported in any country excluding North Korea?

What do you mean the county which bitcoin is not supported. If you have internet connection, you have bitcoin. You don't need an permission.

By this question, I think he meant that the government doesn't accept bitcoin like a currency by using it in paying bills and shopping in real shop and restaurants etc..
So, Recently i hear that japan allow using bitcoin. I think this is a good idea for them.
Anyways, everyone can use bitcoin and control it as he want. converting it in fiat or use it as a degital currency, There is no problems.

So you better ask the question as "What are the countries allow bitcoin?"

Although it is not a legalization of the Japanese government. But at least. It's a positive signal .. government allowance means you're free to use bitcoin and not banned #imo

coinchaser007

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Quote from: Janation on April 21, 2017, 04:22:24 PM

We can't just think like that everytime, many banks and governemts accepted bitcoin even with the fact that they can't control the digital currency.

I definitely wouldn't say many. Most just let it go on for now. Who knows what will happen in the future. They can regulate it within their borders if they really want. Banks would only "accept" bitcoin if they can make money off it (with the help of government regulation).

paul gatt

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Quote from: Obito on April 22, 2017, 09:19:15 AM

I think bitcoin is not supported because every country have their own rules and regulations. And yet, they think that bitcoin is being simultaneously running by criminals or may some bitcoin users use it in a wrong way. Furthermore bitcoin is not controlled by government so that they banned it.

The government is not really banned bitcoin, only a few countries banned it, but that's just the present, it will definitely end in the future. In most countries, bitcoin is free, in other words, it is outlawed. It really makes a lot of money for its users, so it's getting a lot of popularity.

erickkyut

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Quote from: ilovefeetsmell on April 22, 2017, 10:07:56 AM

Bitcoin is not supported in some countries because they will not get benefits from it. They will think it's illegal and not true. They wouldn't believe it. They will not introduce to somebody about the capacity of one bitcoin. How it works, what is the value of this, where do we find it? If they know how to do with bitcoin, they will get more or earn more.

I agree with this. Bitcoin is not supported in some countries and even banned it because it is decentralized. The government has no control over it. They can't get any from it and cannot put taxes on each transactions. But they cannot stop it from being popular over the world, I think in the near future, they will have no choice but to accept it.

ilovefeetsmell

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Bitcoin is not supported in some countries because they will not get benefits from it. They will think it's illegal and not true. They wouldn't believe it. They will not introduce to somebody about the capacity of one bitcoin. How it works, what is the value of this, where do we find it? If they know how to do with bitcoin, they will get more or earn more.

Daniel91

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It's not to complicate to answer this question.
Every year, tax laws are more and more strict in every country.
If I wants to open bank account, they will ask me many questions, KYC form as you know.
America even pushed Switzerland very hard, and they had no choice but to break their basic bank rule, bank secret.
In this way, America could find all American citizens, clients in Swiss bank,Who have tried to avoid paying taxes.
It's very big and important issue today.
So, instead of Swiss banks, people now have bitcoin.
They can earn money, legally or illegally, and hide it in the bitcoin wallet.
In such way, they will avoid paying taxes.
There is no way to control bitcoin, and governments don't like it.
Criminals using bitcoin is other issue but I think that main issue is how to control people financially.
Bitcoin is our tool to avoid government control and they don't like it at all.

Obito

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I think bitcoin is not supported because every country have their own rules and regulations. And yet, they think that bitcoin is being simultaneously running by criminals or may some bitcoin users use it in a wrong way. Furthermore bitcoin is not controlled by government so that they banned it.

altcoinnxt

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maybe because as currency bitcoin has no tax or it could be because the bitcoin system Anonym ( no identity ) or prices of bitcoin only affected by supply and demand and as not to give advantage to the country

Kotone

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Quote from: altcoinnxt on April 22, 2017, 04:45:28 AM

maybe because as currency bitcoin has no tax or it could be because the bitcoin system Anonym ( no identity ) or prices of bitcoin only affected by supply and demand and as not to give advantage to the country

Bitcoin has no tax this is true but every transaction we made there always fee depends on the amount , they can use bitcoin into illegal also by paying or buying drugs through internet . Also government known that bitcoin is scam that will fool people.

Capradina

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Quote from: Vaskiy on April 19, 2017, 10:36:41 PM

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.

What's been mentioned is one of the factor and another major factor is the misunderstanding. They need to realize that it's an revolutionary technology named as blockchain based on the function and bitcoin is the one that has grown successful based on the technology. Need to understand that it's not just a currency it to has got varied usage in various forms starting from finance to production.

It is indeed quite difficult to explain progress or revolution of a technology. Because most of the people in the world has a mindset that is quite difficult to understand something. So if they don't have the will to go forward it will be hard to explain or understand new technologies and such usually will not understand when the product (bitcoin) already recognized (legal) by the Government or the many artists he admired use it

lighpulsar07

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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 not centralized so they cannot control bitcoin at all and also because pf anonymity bitcoin can be used to a crime like buying drugs because we don't know who belongs that wallet address used in transaction regarding in crime related activity. think it's in the government discretion to ban bitcoin their country or not.

BeGoods

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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.

Of course all countries will cautions against bitcoin. They all will never accept bitcoin. But you can still use bitcoin freely because the government ban will not make bitcoin lost from the internet

xIIImaL

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Quote from: BlackPanda on April 22, 2017, 03:25:42 AM

Quote from: hellowarda on April 22, 2017, 12:07:01 AM

Because bitcoin threatens the status of paper money in my country.Bitcoin is not controlled by any person or any government,also bitcoin is always used for illegal activities,so the government banned it.

There is still no awareness of the person who made bitcoin misuse. But if people do things right then I'm sure bitcoin can easily be accepted by a government. Now our job is to try our best to utilize bitcoin. And try to keep bitcoin away from negative things like criminal acts.

Culprits are in the big position as a president and other ministry ranks in all the Government. They knew about the bitcoin security system. If the bitcoin has been accepted and make as a treasure for the Government.
Then no one will be able to hide the transaction and corrupt via scheme. This is reason why most of the countries where not moving towards bitcoin.

BeGoods

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Quote from: Haladay on April 21, 2017, 04:44:56 PM

Quote from: FasTroy on April 21, 2017, 04:40:10 PM

Quote from: Haladay on April 21, 2017, 04:25:03 PM

Is internet not supported in any country excluding North Korea?

What do you mean the county which bitcoin is not supported. If you have internet connection, you have bitcoin. You don't need an permission.

By this question, I think he meant that the government doesn't accept bitcoin like a currency by using it in paying bills and shopping in real shop and restaurants etc..
So, Recently i hear that japan allow using bitcoin. I think this is a good idea for them.
Anyways, everyone can use bitcoin and control it as he want. converting it in fiat or use it as a degital currency, There is no problems.

So you better ask the question as "What are the countries allow bitcoin?"

I think allow does not mean legalize and adopt bitcoin. But the Japanese government gives freedom to anyone to use bitcoin. But bitcoin is outside the authority of the government. If something happens

BlackPanda

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Quote from: hellowarda on April 22, 2017, 12:07:01 AM

Because bitcoin threatens the status of paper money in my country.Bitcoin is not controlled by any person or any government,also bitcoin is always used for illegal activities,so the government banned it.

There is still no awareness of the person who made bitcoin misuse. But if people do things right then I'm sure bitcoin can easily be accepted by a government. Now our job is to try our best to utilize bitcoin. And try to keep bitcoin away from negative things like criminal acts.

TastyChillySauce00

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Quote from: abayan on April 22, 2017, 01:20:20 AM

Quote from: hellowarda on April 22, 2017, 12:07:01 AM

Because bitcoin threatens the status of paper money in my country.Bitcoin is not controlled by any person or any government,also bitcoin is always used for illegal activities,so the government banned it.

It not actually threatens the paper money .The government will wont allow this to happen to replace the paper money.
Bitcoins will remains as other form of payment online ,a digital currency and with that advantage the disadvantage on paper money is having tax unlike bitcoins with no tax so the government have no control over bitcoins. Illegal activities or transactions is not a big deal for them to banned it .The only main reason is the control of currency by which government use to earn from our taxes.

That's right, the paper money won't be threatened that easily due to the existence of bitcoin in some specific country as long as the government only consider bitcoin as an alternate currency instead of the main ones.
Though, your statement which said that the advantage of a digital currency which have no tax is really wrong, you're not paying the tax even for a cent because the government doesn't recognise and probably unable to recognise your wealth in form of bitcoin, but when your government know what exactly bitcoin is, the taxation will come and thus official regulation will be released.

abayan

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Quote from: hellowarda on April 22, 2017, 12:07:01 AM

Because bitcoin threatens the status of paper money in my country.Bitcoin is not controlled by any person or any government,also bitcoin is always used for illegal activities,so the government banned it.

It not actually threatens the paper money .The government will wont allow this to happen to replace the paper money.
Bitcoins will remains as other form of payment online ,a digital currency and with that advantage the disadvantage on paper money is having tax unlike bitcoins with no tax so the government have no control over bitcoins. Illegal activities or transactions is not a big deal for them to banned it .The only main reason is the control of currency by which government use to earn from our taxes.

Ayiranorea

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Quote from: hellowarda on April 22, 2017, 12:07:01 AM

Because bitcoin threatens the status of paper money in my country.Bitcoin is not controlled by any person or any government,also bitcoin is always used for illegal activities,so the government banned it.

It doesn't threat the paper money, it's been considered as a threat to the paper money by the government's. This is completely wrong and in few Countries when bitcoin usage increased the local fiat value went down. This too was considered as a threat and in such a way each country have different reasons to oppose bitcoin.

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