Topic: Why bitcoin is not supported in some countries? - page 125. (Read 98473 times)
I think is because the user is still little, if use of the bitcoin massive and many residents are transact with bitcoin, then the Government will immediately approve bitcoin as payment alternative.
The main reasons why some countries doesn't want to legalize bitcoin is because of it's volatile price in the market.
And it's anonymous feature that you cant track where the payments came from or a person's source of income.
And it's anonymous feature that you cant track where the payments came from or a person's source of income.
Yes, many are afraid that in a few years he may disappear and do not want to bother. And they want to keep track of all operations.
Bitcoin is anonymous government will not allow bitcoin to be a digital currency basically if they do that they are allowing illegal transantions in there country ofcourse they will not allow a currency that cost a lot of dollars we cannot afford such a high amount.
It will be the same. Even if it is expensive if the cost of living is being equaled to bitcoin and dollar then there wont be a problem.
Example you want to buy a television worth $200 dollars then you will just need .2bitcoin. There would be no difference just the name of the currency and it will be digital.
The main reasons why some countries doesn't want to legalize bitcoin is because of it's volatile price in the market.
And it's anonymous feature that you cant track where the payments came from or a person's source of income.
And it's anonymous feature that you cant track where the payments came from or a person's source of income.
Yes, many are afraid that in a few years he may disappear and do not want to bother. And they want to keep track of all operations.
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
Some countries fear bitcoin that it would be used for illegal activities and they would not be able to control it.Just like china and russia tried to ban bitcoin at first,they too are discussing on the possible ways to ban bitcoin but sure they would drop their plans as china and russia did.What they could do is that only they could regulate bitcoin.Banning bitcoin is impossible since banning internet is impossible.That, I think, is not a valid reason to ban bitcoin since fiat is also used for illegal activities. No one can dictate people on how they will use their money, or bitcoin, so being used illegally is not the fault of bitcoin and thus not a valid reason to be banned in the first place.
On the other hand, I would agree that the government fears bitcoin because they cannot control it. What government would want that, right? The government wants to govern, control, rule so introducing bitcoin to them would make them step back. However, since many are using and accepting bitcoin nowadays, they do not have a choice but to accept bitcoin also. They just have to gain benefit from bitcoin and would not let bitcoin surpass fiat in their country or it will be chaos.
Right now there are three types of countries the ones who reject bitcoin therefore reject development, others who accepts it and see the future in it and others who are neutral and still don’t even know what it is.
It is because they don't want people to avoid the centralization the government. And if ever they will realize that there is something like this, the people will badly get interested into it and will start to have some thinking to stop being manipulated by the government. And that's why they are faking news about bitcoin, like for being illegal.
most of the developing countries of africa or asia or even europe don't even know about any of the crypto currency. i don't think this is the cause of that many countries don't support this. the main is lack of education and trust on online currency but i think by the time this will be overcome.You are wrong, in Asia bitcoin is already well known and in fact they are one of the contributors of the market. And in Europe, since it is a very big continent and most of the countries there are rich, I know that many are already supporting bitcoin there. But in Africa I don't have an idea if they will adopt it very soon.
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
Some countries fear bitcoin that it would be used for illegal activities and they would not be able to control it.Just like china and russia tried to ban bitcoin at first,they too are discussing on the possible ways to ban bitcoin but sure they would drop their plans as china and russia did.What they could do is that only they could regulate bitcoin.Banning bitcoin is impossible since banning internet is impossible.That, I think, is not a valid reason to ban bitcoin since fiat is also used for illegal activities. No one can dictate people on how they will use their money, or bitcoin, so being used illegally is not the fault of bitcoin and thus not a valid reason to be banned in the first place.
On the other hand, I would agree that the government fears bitcoin because they cannot control it. What government would want that, right? The government wants to govern, control, rule so introducing bitcoin to them would make them step back. However, since many are using and accepting bitcoin nowadays, they do not have a choice but to accept bitcoin also. They just have to gain benefit from bitcoin and would not let bitcoin surpass fiat in their country or it will be chaos.
Why bitcoin is not accepted in some country is that they have never understand the bitcoin or they may think that bitcoin will overthrow theit local currency. But i may say that in most of those countries maybe they have not internet connection. They need someone to break it down to their understanding.
They dont support bitcoin because they saw that its a threat to them on their governance and also they already knew that bitcoin cant be controlled and impose tax on it and afraid that taxation would be really be affected and also crime rate would increase because of bitcoin because it might increase the hidden transactions on doing illegal things and this is only the thing i know but overall bitcoin is really useful if you dont use it on bad thing.
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In the same vein, some government would not want the fiat to quit quick, because its production and the use by banks has a lot to do for their selfish pockets.
i believe they can have a way of having theirs in the case of taxation- like having some deduction. more so many of our old leaders feels most online transactions are closest to scam.
The answer is obvious - the countries are afraid that Bitcoin will destroy their economy.
As simple as that, the governments are afraid they would lose relevance and control of the people and economy should they allow Bitcoin to come mainstream. Most countries would have banned Bitcoin well before now, but it turns out the few that experimented with banning Bitcoin are now the wiser that banning something that is borderless and free is not the easiest task. 
It is because they don't want people to avoid the centralization the government. And if ever they will realize that there is something like this, the people will badly get interested into it and will start to have some thinking to stop being manipulated by the government. And that's why they are faking news about bitcoin, like for being illegal.
most of the developing countries of africa or asia or even europe don't even know about any of the crypto currency. i don't think this is the cause of that many countries don't support this. the main is lack of education and trust on online currency but i think by the time this will be overcome.In my country the government was not giving care about bitcoin too much. Even as far as i know while i am Participating actively as a citizen, I was not finding a ban on bitcoin or support for bitcoin by the government.
So many peoples have lack of knowledge about bitcoin as a result the fans of bitcoin only in low amount. That's can be one of many reasons why bitcoin not supported in some countries.
It is because they don't want people to avoid the centralization the government. And if ever they will realize that there is something like this, the people will badly get interested into it and will start to have some thinking to stop being manipulated by the government. And that's why they are faking news about bitcoin, like for being illegal.
most of the developing countries of africa or asia or even europe don't even know about any of the crypto currency. i don't think this is the cause of that many countries don't support this. the main is lack of education and trust on online currency but i think by the time this will be overcome. The answer is obvious - the countries are afraid that Bitcoin will destroy their economy.
And usually those are countries that don't have such a great economy to begin with.
Bitcoin is decentralized and government wouldn't have control over it and therefore people could use bitcoin to avoid paying taxes. That' my opinion tho.
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
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there's a different laws and rules in each countries we must obey and follow it in order for us not to be imprisoned or lead it to death, but if you really want to earn bitcoin you must find a way but be sure you wouldnt be jailed for it.
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there's a different laws and rules in each countries we must obey and follow it in order for us not to be imprisoned or lead it to death, but if you really want to earn bitcoin you must find a way but be sure you wouldnt be jailed for it.
Because bitcoin can affect the economic development of some countries and bitcoin can become a tool for money laundering, there are also some undeveloped countries, they do not trust bitcoin, they do not know about bitcoin, they feel bitcoin is a big scam and they banned people to use it. Governments in some countries can not control bitcoin, so they want to remove and stay away from it,... there are many reasons for Bitcoin is not supported in some countries, however, I think bitcoin will soon be supported in these countries because its potential is too big
Bitcoin is anonymous government will not allow bitcoin to be a digital currency basically if they do that they are allowing illegal transantions in there country ofcourse they will not allow a currency that cost a lot of dollars we cannot afford such a high amount.
It is because they don't want people to avoid the centralization the government. And if ever they will realize that there is something like this, the people will badly get interested into it and will start to have some thinking to stop being manipulated by the government. And that's why they are faking news about bitcoin, like for being illegal.
Yeah right.
If the government would be that evil and would want to control everything they could easily do it with bitcoin also.
Have all your coins in an address you are registered with. Have banks and markets all business forced to accept transactions only from "trusted" addresses.
And this would be so easy to implement they are laughing about the "threat" of anonymity and de-centralization.
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
Some countries fear bitcoin that it would be used for illegal activities and they would not be able to control it.Just like china and russia tried to ban bitcoin at first,they too are discussing on the possible ways to ban bitcoin but sure they would drop their plans as china and russia did.What they could do is that only they could regulate bitcoin.Banning bitcoin is impossible since banning internet is impossible.I think the state can easily make a ban on the use of bitcoin in their respective countries. Because the state has authority over its citizens. And the internet could be banned, as happened in north korea internet use for civilians is prohibited. Thank you
The answer is obvious - the countries are afraid that Bitcoin will destroy their economy.
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
Some countries fear bitcoin that it would be used for illegal activities and they would not be able to control it.Just like china and russia tried to ban bitcoin at first,they too are discussing on the possible ways to ban bitcoin but sure they would drop their plans as china and russia did.What they could do is that only they could regulate bitcoin.Banning bitcoin is impossible since banning internet is impossible.This!
they cant ban bitcoin but they try it
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