Bitcoin "original intention" is a center of self managed currency system, completely different from the central control system of legal tender.
Countries can not recognize and open up an uncontrollable trading platform, will undermine the interests of the state.
Topic: Why bitcoin is not supported in some countries? - page 149. (Read 98473 times)
well the bottomline there is that each country has its own rules, laws and regulations. if the decided to ban bitcoin due to some reasons them we can not do anything about it cause its their country, its their law.
Or we can just move to some other country, which is more tolerant to Bitcoin. A lot of bitcoin-related businesses are currently migrating from non-supportive countries to those which are more open.
Each country depending upon various factors doesn't regulate bitcoin within the country. Also just for this reason migrating to countries supporting bitcoin is risky. I believe that every country currency has a long history which fades off if bitcoin gets regulated. So to be with their own identity, always try to stop the usage of other currencies.
because the existing regulations in each country is different. some regulations even say that bitcoin is a volatile investment. so many countries are afraid to use bitcoin.
well the bottomline there is that each country has its own rules, laws and regulations. if the decided to ban bitcoin due to some reasons them we can not do anything about it cause its their country, its their law.
Or we can just move to some other country, which is more tolerant to Bitcoin. A lot of bitcoin-related businesses are currently migrating from non-supportive countries to those which are more open.
Their government ban bitcoin and threat to those people who use bitcoin will get a penalty
But until now so far so good , nothing happened as actually nothing can stop us using bitcoin
Some country is really not ready yet to adopt some strange / new thing like bitcoin.
In the beginning it was a problem that some countries were against Bitcoin but now I think every country have people who are using Bitcoin without any problem . Only people who do not have internet connection are unable to adopt bit pin without them Bitcoin is supported everywhere in the world.
well the bottomline there is that each country has its own rules, laws and regulations. if the decided to ban bitcoin due to some reasons them we can not do anything about it cause its their country, its their law.
Or we can just move to some other country, which is more tolerant to Bitcoin. A lot of bitcoin-related businesses are currently migrating from non-supportive countries to those which are more open.
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
probabaly because bitcoin cannot be controlled by the government. sometimes we find government take profit too. so it is possible if they think they cannot control bitcoin in order to get profit, so they banned it. IMObesides, bitcoin can be used by criminals and delete their tracks. so they cannot be arrested.
Actually you can never delete your tracks because of how the blockchain works. You can wash your coins but the trail is still there. Cash is much more anonymous. You're right about the first part though, governments are scared because they cannot control nor manipulate it.
I think the major things reason why bitcoin is not supported in some countries is they maybe thinking that it is a kind of threat to their businesses in their economy. But they never check the advantage of it for what bitcoin can do to their country.
When a revolutionary technology is invented there is always opposition of those that will be affected by this new technology, when electricity became available there was a campaign against it by Rockefeller, why? Because he was affected by it. 
Very simple, because some countries scared many people use Bitcoin to launder money, banks not control Bitcoin, and important is Bitcoin not formally linked to the laws and regulations of any central government, so government not supported Bitcoin
The laws and regulation can be written at any time and so it is not the big fuss here regarding bitcoin but the real scare for the banks is that it might create an alternative sort of investment and banks will be kept dry and without funds banks will close and that is the biggest fear and so it might be the reason you see many non friendly bitcoin countries around the world.
Very simple, because some countries scared many people use Bitcoin to launder money, banks not control Bitcoin, and important is Bitcoin not formally linked to the laws and regulations of any central government, so government not supported Bitcoin
Well it is exactly what I am thinking about. Because the government can not control Bitcoin, they have to promulgate some restriction in order to lessen the power of bitcoin. However, in the future, I think many people will try to break the rule and the Government can not do anything but accept Bitcoin as an optional currency Very simple, because some countries scared many people use Bitcoin to launder money, banks not control Bitcoin, and important is Bitcoin not formally linked to the laws and regulations of any central government, so government not supported Bitcoin
The laws and regulation can be written at any time and so it is not the big fuss here regarding bitcoin but the real scare for the banks is that it might create an alternative sort of investment and banks will be kept dry and without funds banks will close and that is the biggest fear and so it might be the reason you see many non friendly bitcoin countries around the world. well the bottomline there is that each country has its own rules, laws and regulations. if the decided to ban bitcoin due to some reasons them we can not do anything about it cause its their country, its their law.
Or we can just move to some other country, which is more tolerant to Bitcoin. A lot of bitcoin-related businesses are currently migrating from non-supportive countries to those which are more open.
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well the bottomline there is that each country has its own rules, laws and regulations. if the decided to ban bitcoin due to some reasons them we can not do anything about it cause its their country, its their law.
Or we can just move to some other country, which is more tolerant to Bitcoin. A lot of bitcoin-related businesses are currently migrating from non-supportive countries to those which are more open.
And also bitcoin can't trigger crimes because it's just a currency, even bitcoin doesn't have brain to spend itself LOL.
A lot of countries are scared that bitcoin is going to take away their control.. And rightfully so..
Be afraid, be very afraid.. All those who oppose liberty..
Be afraid, be very afraid.. All those who oppose liberty..
well the bottomline there is that each country has its own rules, laws and regulations. if the decided to ban bitcoin due to some reasons them we can not do anything about it cause its their country, its their law.
Or we can just move to some other country, which is more tolerant to Bitcoin. A lot of bitcoin-related businesses are currently migrating from non-supportive countries to those which are more open.
well the bottomline there is that each country has its own rules, laws and regulations. if the decided to ban bitcoin due to some reasons them we can not do anything about it cause its their country, its their law.
Or we can just move to some other country, which is more tolerant to Bitcoin. A lot of bitcoin-related businesses are currently migrating from non-supportive countries to those which are more open.
Very simple, because some countries scared many people use Bitcoin to launder money, banks not control Bitcoin, and important is Bitcoin not formally linked to the laws and regulations of any central government, so government not supported Bitcoin
A Central Government dont need to support bitcoins, for as long as the people supports and give value to bitcoins its a good start and business will start sprouting that accepts and takes bitcoins as mode of payment
As far as I know bitcoin is a threat maybe in some of the businesses in the community. And I think that's one of the reason why some country is not accepting the system of bitcoin has, without seeing the edge of bitcoin.
If at all bitcoin is seen as a threat only the banks would see it as a treat because people will be avoiding banks for their investment as long as bitcoin is around and that creates an economic crisis for the banks which would hold their capacity to lend out loans which is their best way of making money. Because for many governments, Bitcoin is considered a threat to the local currency, and therefore, to the centralized model of power that the state imposes on people. The truth is that the more you fight against this kind of technology, the more people are interested in understanding what's behind it.
Yeah bitcoin has a huge potential for the use of all people in the world, certainly when the government adopted a bitcoin, certainly everyone in the country will more often use the bitcoin that easierand of course it would threaten their currency
Think bigger. It doesn't have the potential to become the best alternative for fiat, that's what it already is. It has the potential to replace it all together. Like you said, if it becomes something that all the people use or will want to use it would be a dumber move for governments to fight it. It could cause a financial revolution that would change the world, which I think there is actually a good chance of happening.
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