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Topic: Why bitcoin is not supported in some countries? - page 26. (Read 98493 times)

full member
Activity: 233
Merit: 100
Many countries have a different policy. They are not interested in what is happening all over the world. for example, a historical phenomenon like the USSR. They existed within themselves and they did not need someone's cryptocurrency.
Well, the crypts were not there. And It clearly showed that if a country lives within itself only, then sooner or later this ideology becomes destructive for themselves.
sr. member
Activity: 424
Merit: 250
Many countries have a different policy. They are not interested in what is happening all over the world. for example, a historical phenomenon like the USSR. They existed within themselves and they did not need someone's cryptocurrency.
full member
Activity: 233
Merit: 100
They can and want, but they have enough experience and can not understand how to work with what they have learned. I think this is precisely what prevents many countries from developing on a par with others.
sr. member
Activity: 424
Merit: 250
There are many people in the world and many opinions. Everyone adheres to their thoughts, knowledge and experience. Many simply do not want to learn something new.
hero member
Activity: 1316
Merit: 502
Other reason I see is  its misuse, Every other people is now aware that bitcoin transaction is anonymous and almost every criminal use it for wrong activities like selling drugs, guns which make them unsafe and for cops its become hard to reach them or track them down.

It is too suitable for bad and illegal activities, that is really something that some countries do not want to support bitcoin, we can not live in a country where illegal activities occur continuously, society will be chaotic, we can hardly work in peace. In addition, some countries can say that the economic situation and the technology is very backward, they want to support bitcoin is also impossible when the condition is not allowed, but I believe that someday, these countries will also find ways to support bitcoin, although bitcoin has some bad side but it also has a very positive effect on the economy, not supporting it will be a loss
full member
Activity: 420
Merit: 101
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
Yes it is not YET supported in some countries, but soon they will i guess. I think some government really restricted bitcoin on their country to protect their citizens from scams and unregistered ICO's or they are really scared that bitcoin will be their new financial system rather than the banking system they have. Nonetheless, government is really trying to study the bitcoin to ensure the consumers security.
newbie
Activity: 37
Merit: 0
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

taxes , because of that
sr. member
Activity: 623
Merit: 362
I think that the government is not really afraid of bitcoin, what they are afraid of is people waking up from the ugly truth hat they are just mere slaves of fiat for over 300 years now and they would lose a lot of control to the people of their jurisdictions. If they started to use bitcoin regularly over fiat, that means they are slowlh losing grip of their people for their own personal gains, which they absolutely don't want to happen.
newbie
Activity: 112
Merit: 0
They not have supported it because they thought bitcoin is a scam.
They even no about the benefits of bitcoin to their government .
So they just dump it .
member
Activity: 114
Merit: 10
Bitcoin: 1HrWs3tDzWr13zocV3qP9ENRLgiDuewtsu
it is a new financial system, some countries do not understand it / cannot guarantee its results.
newbie
Activity: 91
Merit: 0
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 think maybe because they think that bitcoin is untrustworthy and this is a gamble and theres a lot scammers in this system.They think bitcoin is not appropriate to be a sustainer of those poor people who dont have work or anything.
newbie
Activity: 150
Merit: 0
Other reason I see is  its misuse, Every other people is now aware that bitcoin transaction is anonymous and almost every criminal use it for wrong activities like selling drugs, guns which make them unsafe and for cops its become hard to reach them or track them down.


that is also the other reason on why some country dont allow the use of bitcoin and other crypto because they only think that it can cause criminal activites or illegal activities due to the fact that they are anonymous. but not all people will use it for illegal purposes , majority of the people do actually use bitcoin for good. i hope these country that restricts bitcoin should change thier minds soon , so that bitcoin could even grow more if they manage to adapt it.
sr. member
Activity: 1002
Merit: 254
Tontogether | Save Smart & Win Big
Other reason I see is  its misuse, Every other people is now aware that bitcoin transaction is anonymous and almost every criminal use it for wrong activities like selling drugs, guns which make them unsafe and for cops its become hard to reach them or track them down.
full member
Activity: 420
Merit: 102
Yes, some countries don't support bitcoin, because of the reason that they think bitcoin is a big threat to there government and their economy. As well as fear and ignorance, to protectionism of there national currency, to building a new currency in bitcoin’s image.
I agree with you. Bitcoin can be a big factor to the economy of one country; since it is not controlled by the government, and there is no taxes involved; people can choose it over the fiat money.
sr. member
Activity: 952
Merit: 250
May i ask if what country is that? It's not fair that government will take a person to jail for 6 months bitcoin users are not criminals.
sr. member
Activity: 1002
Merit: 254
Tontogether | Save Smart & Win Big
There's many reason why bitcoin is not supporting in some country. One of the big reason is its banning. For someone countries its illegal and UN famous coin. Government are against it because its a tax free and they're afraid people start using it and not pay tax to the.
full member
Activity: 336
Merit: 100
Yes! it's right,bitcoin is not supported in some countries.I think bitcoin my country government not accept and bitcoin not support futher country.those bangladesh,vietnam,russia,china etc.this country mind  due to of it a perish technology.this systematicallly illegal amount exchange,Intoxicant sell and illegal working using cte in bitcoin.ita bitcoin they're not accept.
member
Activity: 63
Merit: 10
I think the reason behind why there are some countries who do not support bitcoin is the lack of capacity they have.  They are not yet well develop so the company of bitcoin will not be able to establish a good service.
member
Activity: 328
Merit: 10
The problem of compatibility is presented by the regulations that some countries impose, but they are actions of which we do not have control, just as there are countries that currently support the use of cryptocurrencies, but the question is, are we in control? very easy, keep in mind those that support security, privacy and anonymity in transfers, that its main feature is the well-being of the user in any country in the world, in my case adopt a deeponion, which is in the process of airdrop , and there are only a few weeks left until the project finishes consolidating.
member
Activity: 112
Merit: 10
Yes, some countries don't support bitcoin, because of the reason that they think bitcoin is a big threat to there government and their economy. As well as fear and ignorance, to protectionism of there national currency, to building a new currency in bitcoin’s image.
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