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Topic: Why bitcoin is not supported in some countries? - page 2. (Read 98470 times)

newbie
Activity: 45
Merit: 0
You can easily get the answer on your question if you will understand core value of bitcoin and blockchain.
Bitcoin can help us to become independent from the government and its economic system.
It can eliminate corruption, terrorism and other negative aspects of our life, thats why some of the influential government people trying to forbid bitcoin.
member
Activity: 224
Merit: 10
The reason why bitcoin s not supported in some countries is because Government regulations frown at crypto currencies majorly especially bitcoin. Government support banks as the banks provide financial security to the government.
jr. member
Activity: 1302
Merit: 1
Some Restricted Country Not Supported Bitcoin.Avoided Bitcoin Opportunity & Never Want To Know About Bitcoin.
Some Country Have Government Issue.Once Time I Think Supported All County's Bitcoin I Think.
newbie
Activity: 28
Merit: 0
the only reason because government cant regulate it and put tax on it thats the only reason

D233
member
Activity: 255
Merit: 10
I think many of this can be a simple human fear of unknown, so people may think that bitcoin can harm an economics, or something, and it is better to forbid it, then to research deeper.
newbie
Activity: 70
Merit: 0
Some countries fear that they would lose their earnings which they get from taxes.Moreover,they think that bitcoin would be used to buy illegal products.So they want to restrict bitcoins.
hero member
Activity: 642
Merit: 500
Because the government can not make a profit from bitcoin and can not even calculate taxes because it is decentralized Cool
I never knew some countries are banned from using Bitcoin. But with all due respect. I think that any country doing so, is totally wrong, and denying people their human rights. And I also have the feeling they are doing it to prevent the citizens from getting richer than the government and have their freedom.

You know Bitcoin is not controlled by banks. All that government has to do is to advise individuals on what to do but not make it an order for them to not engage in Bitcoins. Nobody is all knowing so what if Bitcoin survives tomorrow which apparently it will, now those citizens are denied of their opportunity.

I think Nobody has the right to deny people of their rights and worse, put them in jail for nothing. You can only tell people to be responsible for their actions and not complain if something bad happens.
newbie
Activity: 121
Merit: 0
because the goverment is afraid of it!!!
yess, because the government is afraid of things that can harm the people, because some countries still provide warning
newbie
Activity: 182
Merit: 0
Any government wants to take control over as much things as possible. Regulation of moneyflows has traditionally been the core specialization of politicians and bankers. Nowadays in our global world money flows are decentralized and it`s extremely hard for politicians to regulate it. So those countries that aren`t ready for innovations they fear it and they don`t want to take part in it. But the fact is that e-currency is already there and they won`t go disappear that easy.
newbie
Activity: 56
Merit: 0
because the goverment is afraid of it!!!
newbie
Activity: 14
Merit: 0
Because many countries feel disadvantaged like China, there are several reasons for Chinese countries to ban bitcoin transactions such as virtual currency difficult to control, Easy to use for fraud, Destruction of investment world, Used, illegal transactions
member
Activity: 182
Merit: 10
We known that every country have their own constitution or governance which must be followed by every citizen of those country .it is banned to investigation in other country so  bitcoin is not supported  in some countries.
newbie
Activity: 46
Merit: 0
These are mainly countries where a very weak economic system. So the government thinks that due to the popularity of bitcoin, the economic situation is getting worse Roll Eyes
newbie
Activity: 47
Merit: 0
The common reason countries have banned bitcoins since they can not cope with bitcoin's anonymity Cheesy
newbie
Activity: 51
Merit: 0
They fear that bitcoin will be mainly used for illegal products such as drugs and money laundering
 Roll Eyes
newbie
Activity: 45
Merit: 0
There are still many countries concerned about the use of bitcoin. They fear that bitcoin may undermine economic stability in their country Tongue
newbie
Activity: 46
Merit: 0
Because the government can not make a profit from bitcoin and can not even calculate taxes because it is decentralized Cool
newbie
Activity: 46
Merit: 0
Because some countries do not know about bitcoin and do not know how to use bitcoin to boost their economic growth. And maybe they just do not like something they can not control Shocked
newbie
Activity: 63
Merit: 0
Because bitcoin can cause a lot of trouble if they allow the use of bitcoin Grin
newbie
Activity: 47
Merit: 0
Because bitcoin is decentralized and can not be controlled by the government, bitcoin will never be profitable for the government Sad
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