Why bitcoin is not supported in some countries? - page 128.

pinggoki

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Quote from: Mumbeeptind1963 on April 18, 2017, 09:25:08 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

because there are different rules and regulation in every countries. they have the cyber law and they can even blocked any sites they want because authorities can hold everything in their countries if they want. example is in china and in north korea.

Precisely, there are different rules on every each country and yet everyone of us have different perception about bitcoin.
I think the reason why the bitcoin is prohibited in their country is because they though that the bitcoin is used by criminals because it is anonymous.

Kotone

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It almost all countries are now accepting and supporting bitcoin for the sake of other wants there are regulations that bitcoin is own their opinoin governments think that this digital currency can destroy their economics and other things in here bitcoin are fully support by my country also banks.

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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 there are different rules and regulation in every countries. they have the cyber law and they can even blocked any sites they want because authorities can hold everything in their countries if they want. example is in china and in north korea.

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Quote from: Dimelord on March 06, 2017, 12:24:27 AM

Most countries fear that bitcoin would be mainly used for illegal products like drugs and for money laundering.They think that bitcoin usage would reduce their currency usage.They fear of losing their revenues which they get from taxes.In bangladesh,if anyone found using bitcoins, they would be jailed.But whatever measures taken, bitcoin cannot be fully banned since its not possible to ban internet.

There are only just a few countries that are officially supporting Bitcoin. Most other countries are just ignoring it, and there are a few countries that don't want it to be used at all. Even in China, which is now the center of the Bitcoin mining industry; The Chinese government allows people to use Bitcoin but it has banned banks and hedge funds from using it.
In many countries, governments want to control the use of money very strictly. They know that Bitcoin can be used for tax evasion and also for money laundering, but some just don't like there to be such an anonymous form of payment. There are even some governments that know that the future of money is digital and, when they issue their own digital currency in the future, they don't want it to be competing with Bitcoin.

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Quote from: cokkapaga on March 04, 2017, 08:34:13 AM

yes I agree that bitcoin can't be controlled by the goverment, so they are not support yet in some country
but I heard that Japan is already accept and support bitcoin in their countries.

If some countries not support the bitcoin, So its mean their government not help to promote the bitcoin, but if their government help to promote the bitcoin in their country, so it will be useful for their people.
But it is other talk, but i want to tell bitcoin is still use in all over the world, because if any country not support the bitcoin than they also not banned the bitcoin. It is our choice to use the bitcoin or not.

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Quote from: mr.bitcoinerf11 on December 20, 2016, 09:40:19 AM

my country is not supporting anything like drugs/bitches
bitcoin is accepted as well in my country so

It's good for you that in your country bitcoin is almost accepted, probably it is because they saw the edges of bitcoin that once they use the concept features of it into their economy it will surely help them to resolve their economy crisis problem via bitcoin for sure. Aside from that if they're gonna make a law about using bitcoin to mandate their citizens to use it that is pretty much good if that happen. But in other nations bitcoin still not welcome and supported.

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Quote from: CoinFoxs on March 06, 2017, 01:16:17 AM

Quote from: cokkapaga on March 04, 2017, 08:34:13 AM

yes I agree that bitcoin can't be controlled by the goverment, so they are not support yet in some country
but I heard that Japan is already accept and support bitcoin in their countries.

Most of the people use bitcoin for illegal activities because it is decentralized currency, no central power is there to control bitcoin that's why some countries fear to accept bitcoin because they don't have control on bitcoin and they don't get benefits from bitcoin due to decentralization.

The lack of regulations, and the risk averse nature of banking institutions are responsible for difficulties associated with Bitcoin businesses.

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Quote from: cokkapaga on March 04, 2017, 08:34:13 AM

yes I agree that bitcoin can't be controlled by the goverment, so they are not support yet in some country
but I heard that Japan is already accept and support bitcoin in their countries.

Most of the people use bitcoin for illegal activities because it is decentralized currency, no central power is there to control bitcoin that's why some countries fear to accept bitcoin because they don't have control on bitcoin and they don't get benefits from bitcoin due to decentralization.

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Quote from: cokkapaga on March 04, 2017, 08:34:13 AM

yes I agree that bitcoin can't be controlled by the goverment, so they are not support yet in some country
but I heard that Japan is already accept and support bitcoin in their countries.

yes it is not under the control of government and therefore government is not interested to turn bitcoin as legal currency. i think it will still take some more time when the government will solve all the important issues related to bitcoin and then they can think about regulating bitcoin and legalizing it.

Dimelord

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Most countries fear that bitcoin would be mainly used for illegal products like drugs and for money laundering.They think that bitcoin usage would reduce their currency usage.They fear of losing their revenues which they get from taxes.In bangladesh,if anyone found using bitcoins, they would be jailed.But whatever measures taken, bitcoin cannot be fully banned since its not possible to ban internet.

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Quote from: bravehearth0319 on March 04, 2017, 02:26:54 PM

Quote from: Dmitry.Vastov on December 20, 2016, 10:08:57 AM

Because bitcoin could break their laws. Because bitcoin can cause a lot of trouble if they allow bitcoin to use. Bitcoin can use for crimes like money laundering, scamming or even use for ransom. Have you heard about ransom ware? As technology is evolving. Crime is also evolving. And its bad if terrorist use bitcoin for buying equipments to make terror to people

Meaning, they are afraid of what bitcoin can do to their country? Maybe in terms of using bitcoin in illegal activities like what you had mentioned. That would depend I think for the people who will use bitcoin.

The main problem is in the regulation. The government admit the currency with legal aspects. Some of the potentially of bitcoin to be using for the illegal activities is reasonable too. And i think in every country there are some legal aspects about the legitimate currency in his environment.

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Quote from: bncbnc on March 04, 2017, 06:13:49 PM

Quote from: cokkapaga on March 04, 2017, 08:34:13 AM

yes I agree that bitcoin can't be controlled by the goverment, so they are not support yet in some country
but I heard that Japan is already accept and support bitcoin in their countries.

but i think the main reason can be that bitcoin is yet not so much introduce in some countries and that is why people there do not accept bitcoin. i think if they are properly introduce then they will certainly accept bitcoin and will also use bitcoin for trading and investment.

in fact there are still many countries that fear of the use of bitcoin. they worried that bitcoin could undermine economic stability in their country. and we know now that bitcoin is able to prosper payment media users.

blackhawkeye1912

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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

Actually its the usual things happen in the other country, badluck to you because your country is not very much open into bitcoin but I think that's only for now. Becasue Russia and China they banned bitcoin before then in a long run they revoke their laws about in bitcoins and now there one the bitcoin whaler investors in the entire world.

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Quote from: agamasrori on March 04, 2017, 11:38:42 PM

Quote from: bncbnc on March 04, 2017, 06:13:49 PM

Quote from: cokkapaga on March 04, 2017, 08:34:13 AM

yes I agree that bitcoin can't be controlled by the goverment, so they are not support yet in some country
but I heard that Japan is already accept and support bitcoin in their countries.

but i think the main reason can be that bitcoin is yet not so much introduce in some countries and that is why people there do not accept bitcoin. i think if they are properly introduce then they will certainly accept bitcoin and will also use bitcoin for trading and investment.

some developed countries already regulates the use of bitcoin. maybe you're right, it could be because some countries do not know about bitcoin and do not know yet how to use bitcoin to progress their economic growth. and maybe they just do not like something that they can not control.

Most likely, they do not like Bitcoin because of the anonymity and decentralization.
In addition, many poor countries do not use Bitcoin on the grounds that it would lead to the collapse of the economic system

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Quote from: BeGoods on March 04, 2017, 08:22:24 AM

Quote from: Ocytrem on March 03, 2017, 05:27:39 AM

These countries don't accept the Bitcoin because of the rules they have in that country.
But I think that these countries will eventually support the Bitcoin because many other countries accept it. And maybe they have to see how good the Bitcoin is to change their mind

for bitcoin is decentralized and can not be controlled by the government, then bitcoin will never be profitable for the government and during that bitcoin will never legalized by any country

It is true that the Government can't make any profits from bitcoin and can't even put a tax on it because it is decentralized, but this doesn't mean that the Government will declare that the bitcoin is illegal, in some countries yes it is illegal, like Russia, Iceland, and so on, but not in all countries. Because here in our country, bitcoin is legal, but the Government is not accepting it yet as a payment on every transaction that we will have on our everyday living.

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Quote from: bncbnc on March 04, 2017, 06:13:49 PM

Quote from: cokkapaga on March 04, 2017, 08:34:13 AM

yes I agree that bitcoin can't be controlled by the goverment, so they are not support yet in some country
but I heard that Japan is already accept and support bitcoin in their countries.

but i think the main reason can be that bitcoin is yet not so much introduce in some countries and that is why people there do not accept bitcoin. i think if they are properly introduce then they will certainly accept bitcoin and will also use bitcoin for trading and investment.

some developed countries already regulates the use of bitcoin. maybe you're right, it could be because some countries do not know about bitcoin and do not know yet how to use bitcoin to progress their economic growth. and maybe they just do not like something that they can not control.

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Quote from: cokkapaga on March 04, 2017, 08:34:13 AM

yes I agree that bitcoin can't be controlled by the goverment, so they are not support yet in some country
but I heard that Japan is already accept and support bitcoin in their countries.

but i think the main reason can be that bitcoin is yet not so much introduce in some countries and that is why people there do not accept bitcoin. i think if they are properly introduce then they will certainly accept bitcoin and will also use bitcoin for trading and investment.

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Quote from: bravehearth0319 on March 04, 2017, 02:26:54 PM

Quote from: Dmitry.Vastov on December 20, 2016, 10:08:57 AM

Because bitcoin could break their laws. Because bitcoin can cause a lot of trouble if they allow bitcoin to use. Bitcoin can use for crimes like money laundering, scamming or even use for ransom. Have you heard about ransom ware? As technology is evolving. Crime is also evolving. And its bad if terrorist use bitcoin for buying equipments to make terror to people

Meaning, they are afraid of what bitcoin can do to their country? Maybe in terms of using bitcoin in illegal activities like what you had mentioned. That would depend I think for the people who will use bitcoin.

This question is very difficult, but I want to say that in the planning of the crime, Law enforcement agencies rarely trace the money. They seize upon. Effective for the illegal product information or other activities. But if such actions are connected with bitcoin, it is not good for the world and it will not save.

bravehearth0319

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Quote from: Dmitry.Vastov on December 20, 2016, 10:08:57 AM

Because bitcoin could break their laws. Because bitcoin can cause a lot of trouble if they allow bitcoin to use. Bitcoin can use for crimes like money laundering, scamming or even use for ransom. Have you heard about ransom ware? As technology is evolving. Crime is also evolving. And its bad if terrorist use bitcoin for buying equipments to make terror to people

Meaning, they are afraid of what bitcoin can do to their country? Maybe in terms of using bitcoin in illegal activities like what you had mentioned. That would depend I think for the people who will use bitcoin.

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Quote from: cokkapaga on March 04, 2017, 08:34:13 AM

yes I agree that bitcoin can't be controlled by the goverment, so they are not support yet in some country
but I heard that Japan is already accept and support bitcoin in their countries.

Well there are still countries do still believe on bitcoins usefulness and its advantages but most of them do really prohibit it because of its decentralized feature which means they cant able to control it. This is the thing why adoption is slowed down.

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