Why bitcoin is not supported in some countries? - page 15.

Coins and Hardwork

full member

Activity: 224

Merit: 101

Quote from: fonenumba on March 30, 2018, 02:43:45 AM

Because some countrys still thinking that bitcoin is bubble and use only for selling drugs and weapos or terrorysm financing , but soon they will see how new countrys accept cryptocurrency and bitcoin and will let the same things in nearest future.

It is either they ban Bitcoin or they regulate it. In our country, Bitcoin is being regulated and I think that is great since there are a lot of people that are taking advantage of it since we are a third world country. But I don't think that they will regret their decision since have a point of banning it and I we are lucky that our government regulated and not banned it.

Danish Mohiuddin

jr. member

Activity: 155

Merit: 1

Countries feels their legitimacy to rule over the people will be lost if they promote Bitcoin as an legal method that's why they get bothered on hearing about Bitcoin adoption in their country.

pleght

full member

Activity: 252

Merit: 100

Bitcoin is not good for the country's economies. For this reason some countries do not support bitcoin. They are afraid of bitcoin.But I think this is a very normal thing, and I think this is going to happen.

Joylee

member

Activity: 168

Merit: 10

It is probably because of business that's the number one reason why other nations is not supporting bitcoin, They think bitcoin can affect their business economy, consequently, they're doing everything in which bitcoin can't enter to their country, maybe it is also a threat for them too.

fonenumba

full member

Activity: 411

Merit: 100

Because some countrys still thinking that bitcoin is bubble and use only for selling drugs and weapos or terrorysm financing , but soon they will see how new countrys accept cryptocurrency and bitcoin and will let the same things in nearest future.

Chooroz

full member

Activity: 392

Merit: 100

Quote from: jepoyr1 on March 30, 2018, 02:13:12 AM

This is probably the most controversial issue with bitcoin, the fact it isn't regulated and anonymous this leads to significant regulating issues with countries trying to have complete control on the Tx's in their countries like India and Russia/China.

I think some countries is still not supporting bitcoin because they dont want that bitcoin is will be used by all people on there country, and for me some countries dont want that bitcoin will replace the physical money in the future that's why bitcoin was not supported by some countries.

jepoyr1

full member

Activity: 378

Merit: 101

This is probably the most controversial issue with bitcoin, the fact it isn't regulated and anonymous this leads to significant regulating issues with countries trying to have complete control on the Tx's in their countries like India and Russia/China.

collins3

member

Activity: 238

Merit: 10

As far as I know, some countries have policies that encourage the development of Bitcoin as a policy promoting the economy. But there are also some countries with strict regulations that prohibit Bitcoin as social vices of drugs and alcohol. Countries also banned Bitcoin because uncertainty about the risks, Bitcoin non-governmental nature ... and another reason is that the government has not levied Bitcoin.

Cointertrade

full member

Activity: 238

Merit: 100

Quote from: Vaskiy on December 20, 2016, 09:52:00 AM

Those countries fear that Bitcoin will make their economy to go down. Also several taxation problems have been their, as people prefer Bitcoin to escape taxes. Possibly when things go digitalized countries will use Bitcoin's technology to make their own digital currency.

i really dont know the real and the exact reason why other country dont support bitcoin maybe because i think they know that bitcoin is a scam but they dont know what bitcoin can give and what opportunity given to the country but rather they dont know what was bitcoin all about and maybe also they are following their laws.

Xavierfr12

newbie

Activity: 118

Merit: 0

i think because of their bank is not counted the bitcoin cash and their bank is going to low budget or their government is no trust to bitcoin.

guojii

newbie

Activity: 115

Merit: 0

The appearance of a new thing is a blank in the laws of each country. They need a lot of time to study the risks. After fully understanding, they will be sure that if you say support or not, the current attitude will not be counted. Bright, except Japan

aoebtc01

newbie

Activity: 82

Merit: 0

I saw many countries have input own cryptocurrency in the market. This is a good sign.

dodz031718

newbie

Activity: 112

Merit: 0

I believe each country have their own policy so obviously we can see some other country has different rules, and some of them thinks that bitcoin will make their economy go down thats why until now the existence of bitcoin in some country is still not recognized.

anahawjeff21

newbie

Activity: 77

Merit: 0

Yes, because of tax issues, and its really hard to monitor the flow of the bitcoin, its price is not yet stable, and one of the important reason why they dont support bitcoin is because some people use bitcoin in illegal transactions and purposes.

NowYouAreSee

jr. member

Activity: 65

Merit: 1

The task of any state is to control citizens. Bitcoin allows people to get out of control and dislikes regulators.
Therefore, it is now easier for the state to prohibit bitcoin until they understand how to control it.

Coinnosaurus

sr. member

Activity: 643

Merit: 264

Every country has its own political and economic systems. And of course it’s hard to trust for the government with something that they can't regulate.

nitrinto

newbie

Activity: 210

Merit: 0

I think they do not support bitcoin because they believe that bitcoin cannot be controlled or taxed, and they also believe that bitcoin can be used for illegal actions that would increase the crime rate

xidireti382

newbie

Activity: 71

Merit: 0

Some countries or their governments are very conservative, and they reject any attempt to break or circumvent their normal economic system. And they just ban bitcoin or all other digital assets.

Activitycoin

full member

Activity: 476

Merit: 100

Quote from: guxu219 on March 28, 2018, 07:34:52 AM

Among countries to own illegal bitcoin within the past area unit People's Republic of Bangladesh, Bolivia, Ecuador, and Kirghiz. The bans appear to own had very little result on the worldwide bitcoin network.These countries area unit of very little consequence to world cryptocurrency liquidity or global blockchain trade direction.

No for me it is not the reason mare because as much as I know bitcoin is being loves by all people around the world only because it does not have only one price like all other currencies but it changes, I think bitcoin is not supported because they don’t know how to manage or use this as a few of them, but if we will make them like and will give them good info about bitcoin then they will accept bitcoin for sure.

ajoygb

newbie

Activity: 182

Merit: 0

It depends upon their governing policies about cryptocurrencies and that we need to respect. And maybe because they don't have enough knowledge on what or how bitcoin is being operated.

Topic: Why bitcoin is not supported in some countries? - page 15. (Read 98470 times)