Topic: Why bitcoin is not supported in some countries? - page 28. (Read 98470 times)
I think bitcoin is not supported in other countries because theyre not yet a well-developed country. Those countries are small countries that are trying to develop. I think if bitcoin will be introduced to their country, it will help their economy as well as their country to grow.
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, some countries do not accept any cryptocurrency, because the majority of this countries do not make the usage of any cryptocurrency. They think cryptocurrency is a big threat to there to government and economy. But somehow there are countries have explicitly allowed its use and trade.
I think because bitcoin does not have a legal basis protecting it in the event of a crime such as theft and even trading activities that can sometimes harm us, the state does not allow for bitcoin because it is a lot of profit in bitcoin. like a bank afraid of being rivaled
Not all countries support bitcoin, one of which is my country. The reason for my country not to support bitcoin is to fear money laundering and illegal transactions.
ahh well because they aren't educated enough or they don't fully understand how and what bitcoin can do in the current economy. BUt some countries are taking their chances and making a step recognizing bitcoin and cryptocurrency and some of them are having regulations how their people can use it in their town/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
What everyone must know that there are some countries that actively use bitcoin s they are UNBANKED, meaning, they live somewhere where it is impossible for them to get a 'normal' bank account, so they have turned to Bitcoin and token assets, for everyday life!
Let's not always emphasis on the banks and financial institutions but rather than what we can do as common people!
Maybe in other countries they think like that, they are only using bitcoins because they cannot get a decent bank to save their money but now a days, most of the people are investing on bitcoins because they want to earn more profit in the future.
In my country the government and other Major banks in the country considered it as a Threat, so they said it as a scam or a risky investment. But the truth is, they are troubled because considering the class of bitcoin is a cryptocurrency, thus, when everyone in the country used it or a widespread bitcoin currency is used, the banks will render useless and the government are without tax to earn.
It is not supported because the government thought that bitcoin can be used to hire terrorist, transact drugs, criminal acts and doing things that is prohibited by the law. Hence, the government are their to protect the welfare of the people. Therefore, bitcoin is not supported in some countries.
Bitcoin is a rather speculative asset, sometimes used in the past in money laundering and other dirty dealings. Many peole percieve it as the easiet and fastest way to gain a fortune trading high risks - great gains.
Besides, it is decentralized and it is hard to be controlled by gov except for taking taxes from it. To raise taxes from Bitcoin means to accept it legally as a source for taxation. Not all are ready for this.
Besides, it is decentralized and it is hard to be controlled by gov except for taking taxes from it. To raise taxes from Bitcoin means to accept it legally as a source for taxation. Not all are ready for this.
If all people with taxable income from all countries were paying taxes honestly they would have no objection to support bitcoin.
reason is that my government is not accept it and nor deny it, because our government leaders have no interest in public welfare matters.and they still don't understand how to use and control it with their own policy.
Every country has its own policy, so it doesn't recognize it, because it's afraid of a financial bubble, leading to a crisis,
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 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
Some country bans the bitcoin because there a lot of reason and spectating regarding on bitcoin. The idea that I know, we all know that bitcoin is decentralized it means no one can’t control the bitcoin even the government don’t have access of the control the demand and the supply and mostly the value of the bitcoin. The last reason the I know because of the decentralized of the bitcoin the government can’t track the people or the investor they can’t add an income tax with it. In the short term, bitcoin is a fee from tax.
It is because they can't control the price of Bitcoin. They can't control the up and downs of the Bitcoin. Also Bitcoin have doesn't have tax on it so the government will not have a benefit on it.
Why not? The government are earning money from the profit of cryptocurrency trader in Japan, U.S, Untited Kingdom and many countries on the world. They have all information to know how many amount profit of every trader through exchange 
It is because they can't control the price of Bitcoin. They can't control the up and downs of the Bitcoin. Also Bitcoin have doesn't have tax on it so the government will not have a benefit on it.
I think some countries do not accept cryptocurrencies because of their culture and government intervention as this will affect banks primarily and other financial institutions. As the trend spreads quickly and acknowledge as mode of payment to various daily transactions, this will eventually be widely accepted in the years to come.
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
What everyone must know that there are some countries that actively use bitcoin s they are UNBANKED, meaning, they live somewhere where it is impossible for them to get a 'normal' bank account, so they have turned to Bitcoin and token assets, for everyday life!
Let's not always emphasis on the banks and financial institutions but rather than what we can do as common people!
i think each country has different laws, so BTC want to develop, it needs to time 
Yes it takes time to increase something and it will not be so far that bitcoin will be only one currency in country, in my place bitcoin is having a lot of investors and it will making bitcoin so high profit for every country people, adoption of bitcoin in every country is differentiates is just because some people of country are lack of knowledge and they are not aware of bitcoin benefits so within time this problem will be solved because now bitcoin is being so famous all around the world. 
I think because they protect their currency so that other country don't support bitcoin. There are many reasons why did not support because maybe it may cause people to financial harm. And they need to protect their currency. They afraid of many risk that's why they not support bitcoin. They not supported because more people wants to use bitcoin and the government afraid, because bitcoin have many benefits among all currencies.
Jump to: