Why bitcoin is not supported in some countries? - page 138.

MMA

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Quote from: Carmen_Sandiego on January 29, 2017, 09:31:57 AM

Quote from: basesaw on January 29, 2017, 09:28:19 AM

Quote from: HateEU on January 28, 2017, 02:14:57 PM

Bitcoin is good and some govrements means that bitcoin is not good for their economy.That countries are ussualy poor countries with weird politician leaders so they refuse bitcoin but there are 2 normal country Sweden an Norway and they are making own cryptocurrency.

bitcoin will always be good for their economy. maybe bitcoin is not yet officially discussed to their government thats why they dont have good thought about it. maybe if it is officially discussed to them they will know the good factors that bitcoin can bring.

Indeed, Bitcoin can bring a number of benefits to the economy, due to the decentralized way it works and due to the fact that it is a deflationary currency, which brings certain benefits in relation to inflationary currencies. But while it is something that can help such countries, governments probably would not support it because that is something that would diminish the power they have in those countries.

i think bitcoin has already great impact on the economy of the countries, and specially those backward countries who have access to bitcoin. because in backward countries the unemployment ration is too high and if they get access to bitcoin they can get money even by invest a little amount of their assets specially in alt coin, and those who have good skills of designing or can provide other good service so they can get job in service section in bitcointalk.org..

legendbtc

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Many governments are testing block chain technologies and they are happy with this new technology but there are some factors many government are not considering because in some countries people are using bitcoin for illegal activities , but another advantage of bitcoin is we cannot able to generate fake coin like fiat currency and also bitcoin supply is very limited.

iqlimasyadiqa

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some countries have regulations and policies respectively. while bitcoin is still seen to make the economic situation of a country into chaos. This is the reason a country still banning bitcoin today.

Carmen_Sandiego

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Quote from: basesaw on January 29, 2017, 09:28:19 AM

Quote from: HateEU on January 28, 2017, 02:14:57 PM

Bitcoin is good and some govrements means that bitcoin is not good for their economy.That countries are ussualy poor countries with weird politician leaders so they refuse bitcoin but there are 2 normal country Sweden an Norway and they are making own cryptocurrency.

bitcoin will always be good for their economy. maybe bitcoin is not yet officially discussed to their government thats why they dont have good thought about it. maybe if it is officially discussed to them they will know the good factors that bitcoin can bring.

Indeed, Bitcoin can bring a number of benefits to the economy, due to the decentralized way it works and due to the fact that it is a deflationary currency, which brings certain benefits in relation to inflationary currencies. But while it is something that can help such countries, governments probably would not support it because that is something that would diminish the power they have in those countries.

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Quote from: HateEU on January 28, 2017, 02:14:57 PM

Bitcoin is good and some govrements means that bitcoin is not good for their economy.That countries are ussualy poor countries with weird politician leaders so they refuse bitcoin but there are 2 normal country Sweden an Norway and they are making own cryptocurrency.

bitcoin will always be good for their economy. maybe bitcoin is not yet officially discussed to their government thats why they dont have good thought about it. maybe if it is officially discussed to them they will know the good factors that bitcoin can bring.

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Quote from: acroman08 on January 29, 2017, 09:17:34 AM

Quote from: HateEU on January 28, 2017, 02:14:57 PM

Bitcoin is good and some govrements means that bitcoin is not good for their economy.That countries are ussualy poor countries with weird politician leaders so they refuse bitcoin but there are 2 normal country Sweden an Norway and they are making own cryptocurrency.

That is quite a bold statement don't you think? The government usually Ban bitcoin because it is not issued by them
and the most common reason are it can be used for illegal activities, bitcoin don't have any rules about how to
use it that is why the government is banning bitcoin to prevent illegal activities involving bitcoin.

This is what they tell us and want us to believe

While you are free to believe whatever you like, simple logic, nevertheless, says that these reasons are no more than contrived ones. Really, if Bitcoin is used for illegal activities and governments ban it on this pretext, why don't they ban cash as well, which is by far more widely and safely used for such activities. This reason is laughable. Further, governments don't issue foreign currencies (at least, openly), but they still don't ban them somehow (that would be just outright ridiculous). It should be evident that this reason doesn't stand either

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Quote from: HateEU on January 28, 2017, 02:14:57 PM

Bitcoin is good and some govrements means that bitcoin is not good for their economy.That countries are ussualy poor countries with weird politician leaders so they refuse bitcoin but there are 2 normal country Sweden an Norway and they are making own cryptocurrency.

That is quite a bold statement don't you think? The government usually Ban bitcoin because it is not issued by them
and the most common reason are it can be used for illegal activities, bitcoin don't have any rules about how to
use it that is why the government is banning bitcoin to prevent illegal activities involving bitcoin.

sabbirshm

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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

I think some people use bitcoin for illegal activities and since bitcoin is not controlled by government so they are quite free to do as they like.So that,many countries don't accept bitcoin rather give punishment to bitcoin user.In my country bitcoin has banned for money laundry.

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We known that every country have their own constitution or governance which must be followed by every citizen of those country .it is banned to investigation in other country so bitcoin is not supported in some countries.

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Bitcoin is good and some govrements means that bitcoin is not good for their economy.That countries are ussualy poor countries with weird politician leaders so they refuse bitcoin but there are 2 normal country Sweden an Norway and they are making own cryptocurrency.

Rastaman2016

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And what can we expect more from their government. If they want to monitor the incomes of citizens and that prevents them from doing bitcoin. They live off the taxes from the people, and these amounts are increasing with each passing year. So they will do to prohibit bitcoin.

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Quote from: lilit on January 28, 2017, 01:13:29 PM

Quote from: Theb on January 28, 2017, 12:14:28 PM

Quote from: Rishabh riyz on January 28, 2017, 10:53:03 AM

Quote from: poetra2501 on January 25, 2017, 10:04:03 AM

Quote from: PhucS on January 25, 2017, 09:14:37 AM

My country is a country that does not accept Bitcoin is official currency. Maybe the government feared that Bitcoin will affect the economy in a negative direction, making the local currency may devalued and it will make difficult to control the market
Each country has its own laws but I hope there will be a positive change in the near future.

The Government seems still not believing in the bitcoin as currency
especially to make it as the official currency. They still consider this
as an illegal business. For that reason I think bitcoin is not supported in some countries.

yes I also think that government seems still not believing in the bitcoin as a currency
it has a decentralised nature so no single bank or organisation controls it
and why would any country make a crypto currency like bitcoin make an official currency hey are not that mad , we all know that the value of bitcoins keeps on fluctuating
one single decision by the countries government would make loss of millions and thereby profit for some
why would my country opt a crypto currency with fluctuating value
and the government won't have any control over it so what's the profit for them to make BTC official
ya government can opt BTC in future if the value remains constant or would not fluctuate so much

It's not about the government not believing in Bitcoin, because we all know it virtually exist. What the government is worried about id that Bitcoin can really affect the economy of their country. It can promote money laundering because of untraceable transactions and unrealized gains, imagine if half of the population do this, than for sure that country will have a very low national budget

I'm a little bit surprised that in countries where a very high level of corruption officials try to do everything not to allow people to use bitcoin. After all, it would be in their best interest. The truth is not a good influence on the bitcoin.

Well i think they don't want to fraud by bitcoins since its anonymous and they are also corrupted they don't want to lose money because they are addicted in money corrupted even those money should be in people who are poor..
But if the bitcoin will be legal in many countries i think the other country to will also use it and they will not ban it anymore..

Soul Reaper

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Reasons why run the gamut, from fear and ignorance, to protectionism of their national currency, to building a new currency in bitcoin’s image. The list, in general, is not much above ten, but that is subject to change, as many countries have not made an official decision for or against bitcoin. Some are banned by the country’s Central Banking system, some are banned by the nation’s government, and in many countries the Central Bank and national government act as one and the same

wutard

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In my country's national bank has already successfully tested the technology Blockchain and I think that this is not just. After officially bitcoin does not work and it could badly affect users. This is my opinion.

lilit

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Quote from: Theb on January 28, 2017, 12:14:28 PM

Quote from: Rishabh riyz on January 28, 2017, 10:53:03 AM

Quote from: poetra2501 on January 25, 2017, 10:04:03 AM

Quote from: PhucS on January 25, 2017, 09:14:37 AM

My country is a country that does not accept Bitcoin is official currency. Maybe the government feared that Bitcoin will affect the economy in a negative direction, making the local currency may devalued and it will make difficult to control the market
Each country has its own laws but I hope there will be a positive change in the near future.

The Government seems still not believing in the bitcoin as currency
especially to make it as the official currency. They still consider this
as an illegal business. For that reason I think bitcoin is not supported in some countries.

yes I also think that government seems still not believing in the bitcoin as a currency
it has a decentralised nature so no single bank or organisation controls it
and why would any country make a crypto currency like bitcoin make an official currency hey are not that mad , we all know that the value of bitcoins keeps on fluctuating
one single decision by the countries government would make loss of millions and thereby profit for some
why would my country opt a crypto currency with fluctuating value
and the government won't have any control over it so what's the profit for them to make BTC official
ya government can opt BTC in future if the value remains constant or would not fluctuate so much

It's not about the government not believing in Bitcoin, because we all know it virtually exist. What the government is worried about id that Bitcoin can really affect the economy of their country. It can promote money laundering because of untraceable transactions and unrealized gains, imagine if half of the population do this, than for sure that country will have a very low national budget

I'm a little bit surprised that in countries where a very high level of corruption officials try to do everything not to allow people to use bitcoin. After all, it would be in their best interest. The truth is not a good influence on the bitcoin.

Winter1986

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All dark deeds have their share of the banks and the Government, together with the banking system will greatly affect the progress in bitcoin mass. Therefore, the interests of users and countries do not coincide.

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Quote from: Rishabh riyz on January 28, 2017, 10:53:03 AM

Quote from: poetra2501 on January 25, 2017, 10:04:03 AM

Quote from: PhucS on January 25, 2017, 09:14:37 AM

My country is a country that does not accept Bitcoin is official currency. Maybe the government feared that Bitcoin will affect the economy in a negative direction, making the local currency may devalued and it will make difficult to control the market
Each country has its own laws but I hope there will be a positive change in the near future.

The Government seems still not believing in the bitcoin as currency
especially to make it as the official currency. They still consider this
as an illegal business. For that reason I think bitcoin is not supported in some countries.

yes I also think that government seems still not believing in the bitcoin as a currency
it has a decentralised nature so no single bank or organisation controls it
and why would any country make a crypto currency like bitcoin make an official currency hey are not that mad , we all know that the value of bitcoins keeps on fluctuating
one single decision by the countries government would make loss of millions and thereby profit for some
why would my country opt a crypto currency with fluctuating value
and the government won't have any control over it so what's the profit for them to make BTC official
ya government can opt BTC in future if the value remains constant or would not fluctuate so much

It's not about the government not believing in Bitcoin, because we all know it virtually exist. What the government is worried about id that Bitcoin can really affect the economy of their country. It can promote money laundering because of untraceable transactions and unrealized gains, imagine if half of the population do this, than for sure that country will have a very low national budget

Rishabh riyz

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Quote from: poetra2501 on January 25, 2017, 10:04:03 AM

Quote from: PhucS on January 25, 2017, 09:14:37 AM

My country is a country that does not accept Bitcoin is official currency. Maybe the government feared that Bitcoin will affect the economy in a negative direction, making the local currency may devalued and it will make difficult to control the market
Each country has its own laws but I hope there will be a positive change in the near future.

The Government seems still not believing in the bitcoin as currency
especially to make it as the official currency. They still consider this
as an illegal business. For that reason I think bitcoin is not supported in some countries.

yes I also think that government seems still not believing in the bitcoin as a currency
it has a decentralised nature so no single bank or organisation controls it
and why would any country make a crypto currency like bitcoin make an official currency hey are not that mad , we all know that the value of bitcoins keeps on fluctuating
one single decision by the countries government would make loss of millions and thereby profit for some
why would my country opt a crypto currency with fluctuating value
and the government won't have any control over it so what's the profit for them to make BTC official
ya government can opt BTC in future if the value remains constant or would not fluctuate so much

hajimasan

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Many country think that bitcoin is a source and center or gateway though which people could launder money and this would affect the economy of that country badly so because if this they might have banned bitcoin. Or could think that bitcoin would take control of countries currency because of its anonymity and simplicity

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Quote from: coszy on January 28, 2017, 02:26:30 AM

Almost all countries live off the taxes on the population and on production. If everyone will have free access to bitcoin, then the state will lose revenue as bitcoin gives the owner anonymity. This is probably the first reason for the ban.

Indeed if the people of a certain nation would have awareness on bitcoin then taxation would really be affected and with that economic status will be on trouble to and the progress of that certain country would be lessen because of bitcoin thats why some countries do really ban it to avoid such thing.

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