bitcoins are not supported in other countries because they do not need it because there are many wealthy people in the country unlike many poor people but many are still poor or abroad but their government only helps them so little bit of bitcoin had them.
Topic: Why bitcoin is not supported in some countries? - page 27. (Read 98470 times)
Many bad peoples uses bitcoin as their fund transfer activity. They are using it for criminal activities such like drug dealer, weapon transaction, illegal transaction, black market activities. So the government aware this circumstances and warn to the society not to use bitcoin.
I think most of them are afraid especially their respective central banks are afraid it will collapse their local fiat currency, and Bitcoin is a crypto-currency and they don't get a taxes into it and that is the reason why they banned it.
Some countries do not allow bitcoin in their area since it is not centralized, The government authorities will find hard to traced people transaction using bitcoin because they are anonymous.
They cannot change the reality that bitcoin was created for decentralization and that is more transparent than a centralized system. We can comply with the rules the government will impose but the system will work as normal because no one can change it and the blockchain is really useful.
I think that is also the reason why the current bitcoin has not proved its true value! Why is Bitcoin supposed to be supported around the world? It is thanks to its application and the blockchain technology behind it, and the country wants to grow, it takes bitcoin (like a modern society without cash), and wants blockchain (technology supports a whole transaction the public is the technology platform for a non-corrupt institution that needs a bitcoin! So now may be the best time to invest bitcoin!
Because some countries want to introduce their country's cryptocurrency, they want to occupy the cryptocurrency and therefore do not accept Bitcoin.
Only a small number of countries accept Bitcoin. Bitcoin does not require taxation in some countries, which poses a threat to them.
Some countries do not allow bitcoin in their area since it is not centralized, The government authorities will find hard to traced people transaction using bitcoin because they are anonymous.
They cannot change the reality that bitcoin was created for decentralization and that is more transparent than a centralized system. We can comply with the rules the government will impose but the system will work as normal because no one can change it and the blockchain is really useful.
it's not supported in some countries for they see it as a threat to their economy.just imagine it's dynamic value which changes almost every hour? if i'm not mistaken.and the fact that it is untaxable means only that the government who supports it cannot gain any from it. however,though some countries do not support BTC,the fat that they too are not banning it, proves only that maybe,just maybe theyre thinking of the possibility of considering it. though in my country,BTC is either hanned nor accepted. 😉😉
Some countries do not allow bitcoin in their area since it is not centralized, The government authorities will find hard to traced people transaction using bitcoin because they are anonymous.
The ledger of Bitcoin balances is stored on a network comprised of thousands of individual computers around the world. Anyone can run the Bitcoin program which contributes to that network and stores the record of every transaction that has ever happened. This is what is called a peer-to-peer network or a decentralized network.
Bitcoin is legal in most countries in the world, but it is not explicitly prohibited in China and it is not explicitly allowed. However, the second virtual currency has never been heard and is not recommended. For virtual currency, only two, Bit and Litecoin are recommended.
In the future, Bitcoin will be manipulated by government of each country.
Further, each country will have a own cryptocurrency.
Further, each country will have a own cryptocurrency.
Governments, bankers and other small people need their cut.
They want to control cryptocurrency. But it's just a question of time when it will be
free for use.
They want to control cryptocurrency. But it's just a question of time when it will be
free for use.
Bitcoin are not supported in some countries that is because the goverment won't like bitcoin because they can't control it and also bitcoin don't have any tax, so the goverment can't get any profit on it, and for the word 'jail' i think if you use bitcoin if ever there ban no one can go to jail because it is not a fault to use that currency because the people use bitcoin to earn some money for there everday financials, beause bitcoin helps many people that have a financial problems.
Bitcoin is not supported in some countries because is very risky. Some countries even declare takes many footstep. There are some countries are bitcoin is supported in legal way. Bitcoin is something connected with illigal activities or tax evason.
I think banks have a great deal to do with it because you know Bitcoin was created for us , to help people and yes you work but you work from home and you work for yourself and normally they don't agree with this, given that Bitcoin is considered an enemy of the economy of some countries.
I think that they only see the negative side of bitcoin. They just say that bitcoin is really not good and very illegal. That is the main reason why many governments in various countries ban digital currencies.
Hmm. this is sad
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
Because they afraid that someday their currency will be vanished and some of their people are getting addicted in bitcoin. So they prevent that bitcoin will not exist their country. But their are country the main used to buy is bitcoin. 
The ledger of Bitcoin balances is stored on a network comprised of thousands of individual computers around the world. Anyone can run the Bitcoin program which contributes to that network and stores the record of every transaction that has ever happened. This is what is called a peer-to-peer network or a decentralized network.
Among countries to have banned bitcoin in the past are Bangladesh, Bolivia, Ecuador, and Kyrgyzstan. The bans seem to have had little effect on the global bitcoin network.These countries are of little consequence to the global cryptocurrency liquidity or global blockchain industry direction.
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