Topic: Why bitcoin is not supported in some countries? - page 153. (Read 98473 times)
I think bitcoin is not supported in some other countries in the world because they don't know what it is and what are the advantages of having bitcoin. Other factors that bitcoin is not supported in some countries is maybe their are a lot of criminals who are abusing bitcoin and using it for bad habits and if the government or authority will see that, there is a high chance that they will think that bitcoin is fully for bad purpose only so they didn't support it.
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Some countries do not like the bitcoin as it can destroy their own economy due to that they do not want it in their own country..
Bitcoin cannot destroy the economy, since bitcoin is money then it is the opposite, bitcoin was created to help the economy to flourish by offering a new version of money that is the most practical yet devised by humans what it can do is to limit the power of governments.Some countries do not like the bitcoin as it can destroy their own economy due to that they do not want it in their own country..
Bitcoin cannot destroy the economy, since bitcoin is money then it is the opposite, bitcoin was created to help the economy to flourish by offering a new version of money that is the most practical yet devised by humans what it can do is to limit the power of governments.today many countries are not sure about the use of bitcoin. because bitcoin has a very large price fluctuations. that is the main reason countries prohibit the use bitcoin in this place. they fear that bitcoin can cause economic chaos.
If I remember correctly, bitcoin worth $200 approx even in 2014-2015. This month the price range was $800-$920. Wide fluctuation of price. And yes, this sort of fluctuation is pretty common in crypto. Thereby, investing in crypto is too much risky. But major issue is, people start to invest without knowing properly. They are greedy and they face deadly pumping and dumping and loose their investment. Same as stock market.
today many countries are not sure about the use of bitcoin. because bitcoin has a very large price fluctuations. that is the main reason countries prohibit the use bitcoin in this place. they fear that bitcoin can cause economic chaos.
Maybe it is about time because many countries doesn't understanding about bitcoins, and they think bitcoin is useless for their countries, but some time Will many countries that support and making legal transaction of bitcoin on every countries.
I think it is not supported in some countries cause of tax evasion and they will not get any profit from it ,just saying my own opinion 
i think the users of bitcoin are present everywhere there may not be a single country where the users of bitcoin are not present, but if we talk about the states so most of the states have not yet given any decision about bitcoin either it is legal or illegal currency. 
I think it is not supported in some countries cause of tax evasion and they will not get any profit from it ,just saying my own opinion
Well it kinda is supported in all countries
If you have a computer you could access it from anywhere kind of
If you have a computer you could access it from anywhere kind of
It can surely be accessible from any country but if in a country the use of bitcoin is prohibited and against the law then for sure someone wont do it because if you are caught doing it even after you know it is not allowed then you may get punished and i don't think anyone would like that.
But criminals do not rely on bitcoin only. I have seen massive corruption in our stock market where USD and our local currency were the main currency. I think most of the Criminals, drug smugglers, weapon dealers are doing their business with fiat than btc. Big whales are manipulating the stock market where fiat is being used widely than btc. BTC is still small currency in comparison to giant fiat money.
maybe they are too afraid of money laundring. most of digital money used for a crimes.and goverment in each country has their own reason about the policy, althought we can't predict futures of bitcoin btw,but who know the futures will changed.
There are some reason that bitcoin was prohibited in some countries. Bitcoin is working anonymously and this is a chance for peoples to do crimes with bitcoin without any personal identity. Moreover the most illegal transactions with bitcoin is drugs transactions.
Well, some countries dont support the bitcoin because they find it a real threat on their business but also a threat on their security. Bitcoin can be use for any forms of crimes like money laundering. Ransomware also use bitcoin for receiving ransom money. Also they cannot control bitcoin because its a decentralize internet money.
The main reason the government does not accept bitcoin even forbid to use bitcoin because the government can not control the bitcoin from within so that everyone is free to do illegal activities with bitcoin, the government thought it would make it more and more crimes, that say my government 
Well, some countries dont support the bitcoin because they find it a real threat on their business but also a threat on their security. Bitcoin can be use for any forms of crimes like money laundering. Ransomware also use bitcoin for receiving ransom money. Also they cannot control bitcoin because its a decentralize internet money.
there are only one or two countries that have strict rules against bitcoin in their law. and there are so many others (mostly developing countries) that do not have any idea that bitcoin exist or know but since it is not really being used there, nobody cares much about it.
and the big countries that matter are already bitcoin friendly and that is what counts these days for bitcoin and its future.
maybe they are too afraid of money laundring. most of digital money used for a crimes.and goverment in each country has their own reason about the policy, althought we can't predict futures of bitcoin btw,but who know the futures will changed.
Well, some countries dont support the bitcoin because they find it a real threat on their business but also a threat on their security. Bitcoin can be use for any forms of crimes like money laundering. Ransomware also use bitcoin for receiving ransom money. Also they cannot control bitcoin because its a decentralize internet money.
Even if they do not support bitcoin, that does not give us a threat that we will stop using it also. It's an internet money and in the internet we can connect with each other, there's no way they can stop us considering that we are anonymous and they can't trace what certainly we are doing. 
Well, some countries dont support the bitcoin because they find it a real threat on their business but also a threat on their security. Bitcoin can be use for any forms of crimes like money laundering. Ransomware also use bitcoin for receiving ransom money. Also they cannot control bitcoin because its a decentralize internet money.
Maybe the reason why bitcoin is not supported in some other countries, perhaps they think bitcoin is a kind of threat to their business.
Or maybe majority of their people/citizens there are being categorize in the poor level of type of a people, or it can be the problem the locations was very weak in signal.
It is good reasons and i think the other reasons why some countries doesn't support bitcoin because of they can not control bitcoins and they can not become regulator on bitcoin.Or maybe majority of their people/citizens there are being categorize in the poor level of type of a people, or it can be the problem the locations was very weak in signal.
It is mean there are no income for the countries, i mean big income from bitcoin users
Maybe the reason why bitcoin is not supported in some other countries, perhaps they think bitcoin is a kind of threat to their business.
Or maybe majority of their people/citizens there are being categorize in the poor level of type of a people, or it can be the problem the locations was very weak in signal.
Or maybe majority of their people/citizens there are being categorize in the poor level of type of a people, or it can be the problem the locations was very weak in signal.
That's one of the reason why there are countries who are against the usage of bitcoin. But about taxing, they can easily implement taxation to bitcoin but that's is just applicable to those establishments that are registered in their SEC as profitable establishment but for individuals no doubt that they are going to have hard time for finding those people.
Why bother to taxes individual person if they can implement taxes to the exchanges site itself which is currently implemented now in most of the countries. Since bitcoin users used exchanges then that will be the one who will be taxed since they are the company and they are registered one. That's why you can some different fees in local exchanger which is quiet far from the normal rates of other exchanges.
Still good since no way we can cashout and use our bitcoin directly in most of the cases.
Yes and we don't have no choice about it but to follow their regulations as it is implemented here in my country and I guess my country is not against with bitcoin for they are allowing those companies to establish their very own exchanges and that's a good thing here in my country, more exchanges are coming out and because of that competition fees are becoming cheap.
Well it kinda is supported in all countries
If you have a computer you could access it from anywhere kind of
If you have a computer you could access it from anywhere kind of
There are some countries that they aren't supporting bitcoins and ban it for real because of certain reasons. For seeing it as a threat to their financial system, thinking that it is just used for illegal things and many more negativity.
Well it kinda is supported in all countries
If you have a computer you could access it from anywhere kind of
If you have a computer you could access it from anywhere kind of
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