Topic: Why bitcoin is not supported in some countries? - page 22. (Read 98470 times)
Bitcoin is not using some countries because,it is used to send and receive the money without any bank,in this case there is some mistakes done with bad people.so bitcoin price also not constant this will increase and decrease.
the government is only afraid bitcoin is misused for criminal activity. as we know that bitcoin can be a source of income, investment, also facilitate the transaction. one of the government's fear of fearing the people in a country to do illegal transactions. such as drug deals. besides the government is also fear with false investments.
In its statement, the Central Bank of Bolivia (El Banco Central de Bolivia), said: "It is illegal to use any currency that is not issued or controlled by the government or an authorized body." First of all, this applies to Bitcoin.
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
There are some reasons why bitcoin and other crypto currencies are not supported in a certain country. I think it is because of its disadvantages that can greatly affect the economy of a country. For example, bitcoin can be used to some illegal activities in the internet like buying guns and drugs that can cause to increase the crime rate of a country. 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
Let's just except that many people are many countries wouldn't accept bitcoin. Maybe they don't believe in bitcoin it because it is risky and it is not publicized it is their choice to not believe in bitcoin after all. What's important is we benefit with bitcoin in and it is not our fault anymore if people wouldn't except or believed in bitcoin
agree. if that is their decision then let them to be happy with it because we are also happy with our choice and that is to fully accept bitcoin. infact many things in this world are actually more riskier than bitcoin and im pretty sure they were also aware with that. we shoud not afraid with the risk because that risk can actually lead us to success if we learn how to combat it and adapt it. in addition to that , we should also embrace god on our life in order to earn more blessings and great oppurtunities.
The main reason why Bitcoin is not supported by authority in other country is ignorance or the negative information they've learned about Botcoin, while others feel threatened by Bitcoin characteristics.
I think Maybe they are less knowledgeable about bitcoin, or narrow-minded about it. Or it could be that they treat bitcoin as a threat for their country. And I do not why? But I believe that sooner or later they will receive bitcoin like the Russians did before.
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
Let's just except that many people are many countries wouldn't accept bitcoin. Maybe they don't believe in bitcoin it because it is risky and it is not publicized it is their choice to not believe in bitcoin after all. What's important is we benefit with bitcoin in and it is not our fault anymore if people wouldn't except or believed in bitcoin
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
Certain laws/regulations are made in each country. Usually in order to protect its people from any fraudulent activities as they would always say. But I believe that each government has a motive of controlling or manipulating everything and anything that's going on within their jurisdiction. Probably with reasons of self gain and interest which is quite normal and cultural in most governments. So if a citizen is mining or dealing with Bitcoin, the government sees that person as a competitor. Therefore, enforcing certain laws in order to shut him down.
Minister of Finance of India Arun Jaitli provided the country's budget for 2018-1919 and touched upon the topic of crypto-currencies and their use in the country.
To quote, Jaitley said:
"The government does not consider crypto-currencies as legal tender or coin and takes all measures to eliminate the use of crypto-currency in financing illegal activities or within the system of payments."
Indian authorities will fight using crypto currency in illegal actions !!!
To quote, Jaitley said:
"The government does not consider crypto-currencies as legal tender or coin and takes all measures to eliminate the use of crypto-currency in financing illegal activities or within the system of payments."
Indian authorities will fight using crypto currency in illegal actions !!!
Bitcoin is considered illegal in some countries which have gone as far as banning them, these countries claim that BTC posts a risk to the states economy,because of its inability to get taxed while some are just threatened by sucess of BTC
Maybe it affect to the value of their money or stock market
Imagine that governments and banks are worried about crypto. They would do anything to stop it, but I haven't heard of any countries to completeley outlaw crypto.
Maybe it affect to the value of their money or stock market
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
I invested the same about bitcoin. Bitcoin is not legalised in many countries because of the illelagl ways used with bitcoin. I made some research about the illelagl ways and found something fissy about deep web. Thats the main reson behind bitcoin been illelegal. Deep web used bitcoin for selling drugs and all illelegal activities. If they are shut down, bitcoin will be legalizefd according to me. Bitcoin is a best cryptocurrency to invest and used for trading. If used legally, bitcoin has always proven the best.
Bitcoin is not supported in some countries maybe because people from those countries do not appreciate yet the benefits they may gain through the help of bitcoin. And also, they are lack of supporters for bitcoin and not yet open and interested with it. Maybe through further advertisement, someday all countries may support bitcoin already. Another thing that i can see why some countries do not support bitcoin is that, government find it hard to collect tax from income coming from bitcoin.
Bitcoin is not supported by goverment in several countries because they want to control the money and Bitcoin can not be controled because it is decentralized. I do not think that many countries ban Bitcoins and some people use it even if it is banned in their country. You just need internet connection, so it can be used almost everywhere.
Maybe the reason why some countries doesn't support bitcoin is because they think for the possible negative results may happen in using bitcoin.
Maybe they also think for the sake of people who may be suffer in to losses if they don't how to play wise on it.
Maybe they also think for the sake of people who may be suffer in to losses if they don't how to play wise on it.
Many countries are not supported bitcoin for many reasons, but mostly because of decentralization, anonymous and so on. we all know that bitcoin prices depend on the market so if it is legalized it will keep the country busy to control the price so as not to disturb the economy.
I think that the anonymity is the main reason why bitcoin is not supported in some countries because they can't trust it because the criminals can just use it to do illegal transaction and still stay under the radar and stay undetected so that is what the government doesn't like so they are still into preventing that thing to happen so they are banning bitcoin. 
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
According to officials who think weakly they once said: "Because of its volatile value bitcoin can damage the state's financial stability especially banking and it's very dangerous for the country". That is the classical reason which they often say in fact they don't want any progress on its citizens and bind its citizens with various types of soft loans (traps) to make their people increasingly dependent to the government.
Many countries are not supported bitcoin for many reasons, but mostly because of decentralization, anonymous and so on. we all know that bitcoin prices depend on the market so if it is legalized it will keep the country busy to control the price so as not to disturb the economy.
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