I think some country still believe that cryptocurrency uses for illegal trading,money laundering and millionaires uses Bitcoin to transfer money easily carry a big amount of money when going outside the country.
Topic: Why bitcoin is not supported in some countries? - page 14. (Read 98470 times)
I think bitcoin is not supported in other countries because theyre not yet a well-developed country. Those countries are small countries that are trying to develop. I think if bitcoin will be introduced to their country, it will help their economy as well as their country to grow.
This is true, i don't know why a lot of countries have bitcoin oficially in their governments and there are not bullish movements on bitcoin yet.
It seems that there is a lot of manipulation on the entire market at the moment.. that is why it is not increasing
It seems that there is a lot of manipulation on the entire market at the moment.. that is why it is not increasing
bitcoin is not supported in all countries because government policies are different, but today more and more countries have legalized the use of bitcoins
bitcoin is not supported in all countries because government policies are different, but today more and more countries have legalized the use of bitcoins
I think that would be very profitable to every government to accept bitcoin on the same level as fiat. Just imagine how many money would go in the pockets of government workers in this case! Every operation with bitcoin would be with fees.
Bitcoin-network is decentralized: it can not control neither the creator, nor the developers, nor the state. Therefore, most countries treat crypto-currencies with caution: the technology of blocking allows you to pay for illegal goods and commit illegal transactions.
Bitcoin is considered illegal in some countries which have gone as far as banning them, these countries claim that BTC posts a risk to the states economy, because of its inability to get taxed while some are just threatened by success of BTC
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
All states fear bitcoin as a decentralized system that theoretically can change the entire world order that existed all the time.
In some countries bitcoin is banned by their government because bitcoin is decentralized
So it cannot be controlled by the government or banks and bitcoin is tax free so the government won't take profit from it.
Also some people use bitcoin to buy drugs in black market.
So it cannot be controlled by the government or banks and bitcoin is tax free so the government won't take profit from it.
Also some people use bitcoin to buy drugs in black market.
Due to blockchain technology it is not possible for any government to control the bitcoin trading. Governments are planning to accept it as legal with some guidelines and rules. On the same side some people are misusing bitcoin for their personal benefits which totally misuse of digital currency and technology both. Transaction are non reversible as compared to other physical currencies. Once the purpose and idea behind the bitcoin will be understood, it will get legal status. Very soon bitcoin will rise globally.
I agree with this statement. Bitcoin is a digital coin. Which works by being invisible. And using some of these benefits, some unprinciplined people are getting involved in crime with Bitcoin. In this, destroying his own future is bringing horrible danger to the whole world with him. And for this reason, bitcoin is completely prohibited for some countries. I think the government has yet to take firm steps because Bitcoin will bring the nation a better future.
The problem is that the most countrys that are not supporting cryptocurrencies or even bann them are mostly 3rd world countrys. So these gouverments has not the technical know how, to know what cryptocurrencies is. So they just hear some bad things about, they are mostly not open for new technologies, and before the people will use them, they just bann it. But countrys with insecure currencies could get the most profit from crpytocurrencies. But they dont want to do researches about.
It really sucks but i don't know how the government can catch you using Bitcoin or other cryptocurrency.
Why Bitcoin is not supported in some countries because Bitcoini thinks it is a hoax and I think people are being scammed.
Yeah, Bitcoin is not supported in many countries. Many people even do not understand what Bitcoin and blockchain technology is.
So Bitcoin will take time to be adopted worldwide.
And of course money laundering, criminal use are some of the reasons why some countries do not support bitcoins.
So Bitcoin will take time to be adopted worldwide.
And of course money laundering, criminal use are some of the reasons why some countries do not support bitcoins.
I really do not know what is the possible reason why bitcoin has not been supported in some countries, but perhaps of course because government decentralization can not enforce taxes on it, I think that is a common reason and public opinion, given when there are almost similar questions like this.
Yes, some countries have imposed a ban on cryptocurrency, and some impose restrictions. this is from the fact that countries can not control the cryptocurrency and try to stop illegal transactions
It's because the government doesn't want to have a thing in their country that they themselves can't even control it. Because of the decentralization of Bitcoin that's why some governments do not agree for that currency to be used in their country, it's just too risky for them.
However, there are still some governments that know about the important of this currency. Because even tho if they do not support Bitcoin now people would still use it in some way, cuz nothing can stop people to keep using it..
However, there are still some governments that know about the important of this currency. Because even tho if they do not support Bitcoin now people would still use it in some way, cuz nothing can stop people to keep using it..
Because of the bitcoin's legality to other countries ,the issue of no protections for either the consumer or the merchant, and that its use as payment is completely discretionary.some countries believes that cryptocurrencies are not yet mature enough for regulation ( although with bitcoin almost 10 years old, one is left wondering when we will know it has reached sufficient maturity).
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
From some sources in the media it appears that this ban is due to government concerns in some countries will tax fraud, worry about Cryptocurrency fraud, bitcoin hacking and avoid money laundering.digital currency tension becomes a crucial point of global demand for digital currency transparency .
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