Topic: Why bitcoin is not supported in some countries? - page 30. (Read 98493 times)
Wow, that's very unfortunate .. Is not bitcoin can reduce unemployment in each country, because all generations can wrestle in this bitcoin as long as they know how it works.
Maybe they are not able to regulate it and take some risks, so they ban it.
For addition information. The bitcoin is volatile. Not at all country is prepared and will to take the risk their economy to show bitcoin it's a safe currency. Bitcoin can use every person for any purpose some person uses the bitcoin on the criminal activities and to money laundering because the bitcoin is decentralized no single one person even the government track the transaction with it. I read an article that bitcoin use on selling the drug so that paper money involved in the illegal trade. Whatever they pro and cons I happy that in the Philippines they allow the bitcoin.
I think some country still believe that cryptocurrency uses for illegal trading,money laundering and millionaires uses Bitcoin to transfer money easily carry a big amount of money when going outside the country.
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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
Those countries don't support crypto because they think they won't get any profit from it. And also the technology on these countries are low. They think they are being cheated and being robbed.
Bitcoin is created for underground transactions.So, governments of some countries fear to use bitcoin for their economy.So, They are prohibiting people from using it.
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
Those countries don't support crypto because they think they won't get any profit from it. And also the technology on these countries are low. They think they are being cheated and being robbed.
Following this thread. 
Maybe they are not able to regulate it and take some risks, so they ban it.
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 it is risky for state economics, some states might loose profit and it might damage national currency. Besides some government are not able to deal with related criminal problems and control income of citizens, so they cannot receive income taxes. So, they prefer banning.
Many countries prohibit the use of bitcoin because there are a lot people that using bitcoin for criminal activity and this is what made government discomfort by the global use of bitcoin. Although bitcoin not permitted but peoples still buying bitcoin.
we should appreciate a country that does not support bitcoin, because there is a legal basis that protects it, one of the reasons the country does not support bitcoin is bitcoin does not use taxes every month or year, and the other reason is in terms of security and decentralization of the system, becomes a problem for a country if the system is lacking, hence the country does not support bitcoin.
No one knows, I say if they don't know about bitcoin then they might not love the bitcoin. many States which close access bitcoin fearing legal money will be replace.
I think they could easily legislate to make bitcoin work on their structure, but maybe in practice that is not as easy as my imagination because the main problem is there is not enough bitcoin education and people are just afraid if an investment like Bitcoin they do not understand. Or maybe some countries see some danger in bitcoin to their system.
Because bitcoin threatens the status of paper money in my country.Bitcoin is not controlled by any person or any government,also bitcoin is always used for illegal activities,so the government banned it.
With the growing popularity of the Bitcoin system as a virtual, de-centralized world-leading currency, there has been concern in regulation about the possible impact on real currency, tax implications, potential fraud and criminal use. This has led to many countries issuing legal regulations or guidelines for Bitcoin used in their respective jurisdictions. Let's take a look at the big countries where Bitcoin often has regulatory problems.
one of the countries that ban bitcoin from entering the country.
"Bangladesh"
The Central Bank of Bangladesh has banned the use of virtual currency including Bitcoins in September 2014, making it a violation of the law under strict anti money laundering laws in Bangladesh.
one of the countries that ban bitcoin from entering the country.
"Bangladesh"
The Central Bank of Bangladesh has banned the use of virtual currency including Bitcoins in September 2014, making it a violation of the law under strict anti money laundering laws in Bangladesh.
With separate provisions the state has its own law where bitcoin is widely misused for gross transaction purposes such as mapping transactions in a number of countries.
In fact the provisions of the state itself is not to prohibit to use bitcoin because many countries that view bitcoin able to be an alternative transaction tool for doing business, So bitcoin in a country can not be inaugurated.
In fact the provisions of the state itself is not to prohibit to use bitcoin because many countries that view bitcoin able to be an alternative transaction tool for doing business, So bitcoin in a country can not be inaugurated.
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 it is its decentralization is what it makes bitcoin unacceptable to some country, most believe that it is not profitable in nice manner hence they call it illegal or a scam. Unlike fiat which is centralized
because of their nation is not yet well-developed to accept this kind of innovation in their respective system and to adopt as well.
Some countries will never support the digital currency because they are afraid since they have no control over it unlike with fiat there are laws about it and they can control the flow of that particular currency that sorrounded in the community or economy.
because in backward countries the unemployment ration is too high and if they get access to bitcoin they can get money even by invest a little amount of their assets specially in alt coin
I saw many friend leave their jobs and stay at home, access in Bitcoin, earn money by trading.
This way can't make value for economy of their country, trading based on the price of Bitcoin.
This way is trading money, products is money...
The main reason is the fear of these countries to the volatility and uncertainty of digital currency. In addition, another reason is the fear that digital currencies are used to crime activity, tax evasion, etc.
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