A country will be in danger if they accept bitcoin. Its volatility will really crush down a country. Thats why they just cant accept a digital currency without a stable prize. Some stores might accept the currency but not the whole country.
The volatility of bitcoin will never be impacting the countries, they accept bitcoin and it's not mean if the country tries to changing all of their financial systems with bitcoin. they just give a permission for bitcoin to be a legal payment on its country. or everyone will be available to use it. 
Topic: Why bitcoin is not supported in some countries? - page 132. (Read 98473 times)
With regard to governments, the reason is that this goes against the current model of power in society. Despite this, I do not see many countries prohibiting the use of the currency, they prefer to ignore and not give publicity. Regarding people in general, I think it's still early days. Although many people have access to the internet and many sources of information, they still have not realized the need for a currency to solve the problems that exist in fiat currency.
Only a few country banned bitcoin but majority just do not have anything to say about it. Maybe the main reason is that their citizen Bitcoin user base is not that huge to pay attention nor put a regulation on their local exchanges. Like way back 2014 Central Bank of the Philippinesissue a warning about Bitcoin but never regulate it. But once the transaction of Bitcoin in the country became large, they issue a notice that they recognize BTC as payment and at the same time regulate the exchanges about AML and KYC plus the annual report of their Bitcoin transactions.
With regard to governments, the reason is that this goes against the current model of power in society. Despite this, I do not see many countries prohibiting the use of the currency, they prefer to ignore and not give publicity. Regarding people in general, I think it's still early days. Although many people have access to the internet and many sources of information, they still have not realized the need for a currency to solve the problems that exist in fiat currency.
That's well said. Governments have not promoted realizing its need for growing economy. Very few countries indirectly support in the name of digital growth. This seems to be the start and now we are in the starting period of digital move. So by the further years we gain more support as now its too young for governments to adopt. 
With regard to governments, the reason is that this goes against the current model of power in society. Despite this, I do not see many countries prohibiting the use of the currency, they prefer to ignore and not give publicity. Regarding people in general, I think it's still early days. Although many people have access to the internet and many sources of information, they still have not realized the need for a currency to solve the problems that exist in fiat currency.
A country will be in danger if they accept bitcoin. Its volatility will really crush down a country. Thats why they just cant accept a digital currency without a stable prize. Some stores might accept the currency but not the whole country.
That's why they don't accept bitcoin. Country will be in danger. Fact because they can't control it, they can't get many tax. Tax is the source of money in our government. So if they use it always than fiat, many tax they can't get. If that happen many projects of the government will not happen, because they have lack of money
my country is not supporting anything like drugs/bitches
bitcoin is accepted as well in my country so
bitcoin is accepted as well in my country so
Really, you are not lucky dude, but you are totally blessed. I wish that my country will also be like your country too, I just can't even imagine how does it feel that is not hard for you to share to co citizens there about in bitcoin. In my country now bitcoin is being accepted a little but not as the level like yours.
Well you got good point dude. The government needs to get benefits when they decided to accept bitcoin.
By the way my country also do not accept bitcoin officially, they didn't put any care to this tipe of currency. Even i ever read on internet that relevant authority was prohibited using bitcoin, but I think that is hoax because until now many people who use bitcoin as well in my country. That law is not declared by officials.
A country will be in danger if they accept bitcoin. Its volatility will really crush down a country. Thats why they just cant accept a digital currency without a stable prize. Some stores might accept the currency but not the whole country.
And how these stores can then report and pay taxes. It also should be monitored relevant authorities. So in the case of a unit will not work. Or anywhere or nowhere. 
They are afraid of the threat which is tax evasion if their citizens using bitcoin. Tax income is very important source of revenue for the country and by using bitcoin, you can hide your income from the goverment. They want full control over their citizen and bitcoin won't let them do that. And bitcoin can also be used to do illegal activities such as money laundring.
That's not true. When you are using bitcoin, you could only evade your income tax if you are working for it. Aside from that, all your expenditures are taxed. You could not be taxed when you use bitcoin but as you convert it to fiat, tax is included and take note, you have no other choice aside from that to survive. Unless otherwise you want to buy your foods overseas using Bitcoin and pray that it is in good condition when it arrive in your doorstep.
That's why they don't support it. If they support it, more people in their country will be aware and start to use bitcoin. More merchant will accept bitcoin and it's harder to tax them if they sell things in bitcoin because the transactions are anonymous. Yes they can tax the exhange, but they can't tax all the bitcoin activities in their country. And the fact that bitcoin can be used to do shady activity add more reason for them to ban bitcoin.
A country will be in danger if they accept bitcoin. Its volatility will really crush down a country. Thats why they just cant accept a digital currency without a stable prize. Some stores might accept the currency but not the whole country.
my country is not supporting anything like drugs/bitches
bitcoin is accepted as well in my country so
bitcoin is accepted as well in my country so
Really, you are not lucky dude, but you are totally blessed. I wish that my country will also be like your country too, I just can't even imagine how does it feel that is not hard for you to share to co citizens there about in bitcoin. In my country now bitcoin is being accepted a little but not as the level like yours.
They are afraid of the threat which is tax evasion if their citizens using bitcoin. Tax income is very important source of revenue for the country and by using bitcoin, you can hide your income from the goverment. They want full control over their citizen and bitcoin won't let them do that. And bitcoin can also be used to do illegal activities such as money laundring.
That's not true. When you are using bitcoin, you could only evade your income tax if you are working for it. Aside from that, all your expenditures are taxed. You could not be taxed when you use bitcoin but as you convert it to fiat, tax is included and take note, you have no other choice aside from that to survive. Unless otherwise you want to buy your foods overseas using Bitcoin and pray that it is in good condition when it arrive in your doorstep.
That's why they don't support it. If they support it, more people in their country will be aware and start to use bitcoin. More merchant will accept bitcoin and it's harder to tax them if they sell things in bitcoin because the transactions are anonymous. Yes they can tax the exhange, but they can't tax all the bitcoin activities in their country. And the fact that bitcoin can be used to do shady activity add more reason for them to ban bitcoin.
They are afraid of the threat which is tax evasion if their citizens using bitcoin. Tax income is very important source of revenue for the country and by using bitcoin, you can hide your income from the goverment. They want full control over their citizen and bitcoin won't let them do that. And bitcoin can also be used to do illegal activities such as money laundring.
That's not true. When you are using bitcoin, you could only evade your income tax if you are working for it. Aside from that, all your expenditures are taxed. You could not be taxed when you use bitcoin but as you convert it to fiat, tax is included and take note, you have no other choice aside from that to survive. Unless otherwise you want to buy your foods overseas using Bitcoin and pray that it is in good condition when it arrive in your doorstep.
They are afraid of the threat which is tax evasion if their citizens using bitcoin. Tax income is very important source of revenue for the country and by using bitcoin, you can hide your income from the goverment. They want full control over their citizen and bitcoin won't let them do that. And bitcoin can also be used to do illegal activities such as money laundring.
i think because bitcoin would be money laundering
so government judge bitcoin is fraud
This is one of the possibilities to use bitcoin in illegal activities, but mostly negative for the government, this tax evasion.so government judge bitcoin is fraud
I think this is very difficult, bitcoin maybe will be alternative payments not as currency. The most fundamental thing is because of the bitcoin can not be controlled. Very risky if the Government using bitcoin as a legitimate payment, because the price could not be fully controlled.
i think because bitcoin would be money laundering
so government judge bitcoin is fraud
This is one of the possibilities to use bitcoin in illegal activities, but mostly negative for the government, this tax evasion.so government judge bitcoin is fraud
i think because bitcoin would be money laundering
so government judge bitcoin is fraud
This is one of the possibilities to use bitcoin in illegal activities, but mostly negative for the government, this tax evasion.so government judge bitcoin is fraud
i think because bitcoin would be money laundering
so government judge bitcoin is fraud
This is one of the possibilities to use bitcoin in illegal activities, but mostly negative for the government, this tax evasion.so government judge bitcoin is fraud
i think because bitcoin would be money laundering
so government judge bitcoin is fraud
This is one of the possibilities to use bitcoin in illegal activities, but mostly negative for the government, this tax evasion.so government judge bitcoin is fraud
Negative for the government in that matter doesn't mean they should completely prohibit the use of Bitcoin as regulations would do just fine. It would even help them to locate not yet known holders by forcing through regulations that exchanges and other services will be subject to. Governments forcing through bans simply don't know how to properly put digital currency related regulations into practice. It's pure ignorance.
As per Wikipedia Articles Why bitcoin is not supported in some countries.
The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them. While some countries have explicitly allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified bitcoins differently. While this article provides the legal status of bitcoin, regulations and bans that apply to this cryptocurrency likely extend to similar systems as well.
Read here Whole article
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country
It is on the legal level, many countries give rise to unbearable conditions for bitcoin users. But there are special reasons why some governments do just that, pursuing the users and even frightening criminal cases. The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them. While some countries have explicitly allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified bitcoins differently. While this article provides the legal status of bitcoin, regulations and bans that apply to this cryptocurrency likely extend to similar systems as well.
Read here Whole article
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country
i think because bitcoin would be money laundering
so government judge bitcoin is fraud
This is one of the possibilities to use bitcoin in illegal activities, but mostly negative for the government, this tax evasion. so government judge bitcoin is fraud
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