Topic: Why bitcoin is not supported in some countries? - page 143. (Read 98473 times)
There are many reason why bitcoin is not supported in other countries. If you could see the government, they need taxes- taxes is a very important in the country to have an successful economy and because of that they'll banned bitcoin. Bitcoin is a crypto-currency or a paper money and they don't get a taxes into it and that is the reason why they banned it.
There are different possibilties regarding to that problem, may be their rules and laws don't allow to support bitcoin. But i don't think so that bitcoin is banned in some countries, there is a possibilty that they don't know about bitcoin and there are many countries where people have no idea about bitcoin. People earn money and meet their expenses so why anyone hate bitcoin or banned bitcoin as they know that they will earn a good amount from that.
yes i can agree with you with second option, to in most cases people do not know about bitcoin therefore they are not supporting it. i do not think some countries may have banned bitcoin but the only reason can be that they do not know about about.I don't think so that government doesn't know how to tax them. There are some ways to tax them but yes the hardship of identifying those people who are legit working with bitcoin. But with the exchange sites that are registered for operation, they can easily tax them annually or it depends on how does the company declares their profit with crypto's.
I think in some countries bitcoin is prohibited because of the government. Because government know that they can't collect tax in online transaction like bitcoin. But in some countries the government take advantage for it and make it to grow the economy for that country
They can collect taxes in bitcoin actually but the main reason is fiat still exist if they support bitcoins what do you think will happen in our fiat? Big effect right? There is a possibility fiat will vanished because bitcoin are offering small fees for every transactions. There are different possibilties regarding to that problem, may be their rules and laws don't allow to support bitcoin. But i don't think so that bitcoin is banned in some countries, there is a possibilty that they don't know about bitcoin and there are many countries where people have no idea about bitcoin. People earn money and meet their expenses so why anyone hate bitcoin or banned bitcoin as they know that they will earn a good amount from that.
yes i can agree with you with second option, to in most cases people do not know about bitcoin therefore they are not supporting it. i do not think some countries may have banned bitcoin but the only reason can be that they do not know about about.I think the main concern about bitcoin and other cryptocurrencies is anonymity. Even there is some resemblance between many countries in the world, each country has their own rules and laws. Apart from rules and laws each country has different tax and banking system. And the anonymity block taxes.
Yeah that is definitely one of the reasons that some countries banned the use of Bitcoin. Because the can't track who is using it and what they are using for. 
I am from Montenegro. Here, very small number of people heard about Bitcoins. We dont have forums, chats where we can talk about this subject. Also we dont have ATM...
I hope that will change soon.
I hope that will change soon.
Most countries don't have their local forums who talk about bitcoin, except the local board in this forum... If this is a forum about bitcoin in your country, probably it's a secret or if not, it's not famous... But about chat, I don't think that there is none... For sure there is a local group in facebook situated in your area that is talking about it... Just keep on searchng, who knows...
ATM's are not present in most countries, but exchanges are still good and could still meet your needs when it comes to cashing out your bitcoin to fiat...
You can do your research to get a clear conclusion. Most of them are no secret places. They are friendly for everyone is wanna joining in his place.
Nope, ATM for cashing out our bitcoin for directly to the Fiat money. and exchange isn't.
I think the main concern about bitcoin and other cryptocurrencies is anonymity. Even there is some resemblance between many countries in the world, each country has their own rules and laws. Apart from rules and laws each country has different tax and banking system. And the anonymity block taxes.
I am from Montenegro. Here, very small number of people heard about Bitcoins. We dont have forums, chats where we can talk about this subject. Also we dont have ATM...
I hope that will change soon.
I hope that will change soon.
Same here. ATM is a really advanced thing, i even never heard of someone using bitcoin around me. There is just one cousin of mine and me who use bitcoin in our area and i never even heard of bitcoin on news nor on any local newspaper.
Bitcoin is not supported in some countries because its not been controlled by the government. Like here in my country, bitcoin is not yet well known so not all people knows what is bitcoin and its use. Thus bitcoin is free to use by anyone and not all people knows it.
AS they wish. Every countries have different policy. There is also a question of Money laundering. 
A definitive reason as if bitcoin legalized, of course, reduce the use of fiat money. Besides that, bitcoin move freely, so anyone including I and you can control the price of bitcoin, if this happens, of course make the country's economic mess. Other issues such as tax and money laundering would also serious.
I think in some countries bitcoin is prohibited because of the government. Because government know that they can't collect tax in online transaction like bitcoin. But in some countries the government take advantage for it and make it to grow the economy for that country
The most absurd thing I've ever heard in crypto that you could end up in prison if using or mining bitcoin? with such rules and rulers people still living their normal daily lives? wonder why "leader of the free world" aka USA can only bully countries instead of trying to help other nations to have democracy.
Countries rules different from others, and not all of them adopt in others law. In fact we should be proud if we are living in countries where the form of government is not communism, fascism or socialism and others that neglects too much freedom from its citizens.
When someone tells you that you are not allowed to be involved in crypto(bitcoin specially) then you seriously need to considering a revolt.
No matter what their excuses are, they have no rights to take away freedom of choice from their citizens.
As I've said, law in each country differ, now, if a country considers your involvement in cryptocurrency to be a threat to the security of the country or to its citizens and the use of it could hint their citizens to revolt, that's already a crime against public order, then they have the right to stop you before the problem could escalate.
The most absurd thing I've ever heard in crypto that you could end up in prison if using or mining bitcoin? with such rules and rulers people still living their normal daily lives? wonder why "leader of the free world" aka USA can only bully countries instead of trying to help other nations to have democracy.
When someone tells you that you are not allowed to be involved in crypto(bitcoin specially) then you seriously need to considering a revolt.
No matter what their excuses are, they have no rights to take away freedom of choice from their citizens.
When someone tells you that you are not allowed to be involved in crypto(bitcoin specially) then you seriously need to considering a revolt.
No matter what their excuses are, they have no rights to take away freedom of choice from their citizens.
I am from Montenegro. Here, very small number of people heard about Bitcoins. We dont have forums, chats where we can talk about this subject. Also we dont have ATM...
I hope that will change soon.
I hope that will change soon.
Most countries don't have their local forums who talk about bitcoin, except the local board in this forum... If this is a forum about bitcoin in your country, probably it's a secret or if not, it's not famous... But about chat, I don't think that there is none... For sure there is a local group in facebook situated in your area that is talking about it... Just keep on searchng, who knows...
ATM's are not present in most countries, but exchanges are still good and could still meet your needs when it comes to cashing out your bitcoin to fiat...
The simple answer to that question is Taxes. If they supported Bitcoin than there will be less transparency in what a business is really earning which means they can avoid taxes. The government is trying to avoid that situation because Income Tax is the main source of our national budget.
I suppose that there is a lot of place who just do not understand bitcoin and think that it is some new financial pyramid. It would be appropriate to assume that the cryptocurrency education is not enough. Most people will not start to use cryptocurrency, yet they will not understand what it is and how they can benefit from it. Despite the fact that the concept of bitcoin has become popular, especially in the different stages reached in 2016, a lot of potential players still remains outside the community due to lack of education.
The government are smart enough to understand what Bitcoin is. They do not accept it just because they scare that Bitcoin may cause many trouble to the nation economy. Their Fiat currency can be strongly affected by Bitcoin and its prices may drop lower than ever. Bitcoin gives users so many advantages so that people would use Bitcoin more often than use Fiat
I am from Montenegro. Here, very small number of people heard about Bitcoins. We dont have forums, chats where we can talk about this subject. Also we dont have ATM...
I hope that will change soon.
I hope that will change soon.
Not all countries are same and all of them don't have free outlook to their citizens. Money is power, so many countries don't want their citizens earn free money from the internet. Especially such type of money which can be generated through mining.
The more money people will have, the more power they will possess. I think that is the basic psychology behind some countries banning bitcoin.
The more money people will have, the more power they will possess. I think that is the basic psychology behind some countries banning bitcoin.
That's probably the situation in communist government. you earn and you give it to your government and the government will just give you just enough food so everyone receives the same amount as commoner. Too little progress in the life of people in that form of government, only the officials and the government get rich that way.
We need money not just to have power but to survive. So government should be supportive on to which their people could earn and be productive. Earning bitcoin should not mean that they are against the government, in fact with that, they could bring more money in the country from outside sources.
Not all countries are same and all of them don't have free outlook to their citizens. Money is power, so many countries don't want their citizens earn free money from the internet. Especially such type of money which can be generated through mining.
The more money people will have, the more power they will possess. I think that is the basic psychology behind some countries banning bitcoin.
The more money people will have, the more power they will possess. I think that is the basic psychology behind some countries banning bitcoin.
That's probably the situation in communist government. you earn and you give it to your government and the government will just give you just enough food so everyone receives the same amount as commoner. Too little progress in the life of people in that form of government, only the officials and the government get rich that way.
We need money not just to have power but to survive. So government should be supportive on to which their people could earn and be productive. Earning bitcoin should not mean that they are against the government, in fact with that, they could bring more money in the country from outside sources.
There are different possibilties regarding to that problem, may be their rules and laws don't allow to support bitcoin. But i don't think so that bitcoin is banned in some countries, there is a possibilty that they don't know about bitcoin and there are many countries where people have no idea about bitcoin. People earn money and meet their expenses so why anyone hate bitcoin or banned bitcoin as they know that they will earn a good amount from that.
yes i can agree with you with second option, to in most cases people do not know about bitcoin therefore they are not supporting it. i do not think some countries may have banned bitcoin but the only reason can be that they do not know about about.Jump to: