Topic: Why bitcoin is not supported in some countries? - page 37. (Read 98473 times)
Bitcoin is not supported in some countries because they afraid to lose thier money and dont believe on it. And maybe some of the reasons is until now the existence of bitcoin is still not recognized and the governments hart to trust cause something is trivial and they cant regulate thier point of view.
This is due to the technical support of each country and its inhabitants, and the policy of the state itself. Every government wants to control as much as possible what is happening in their territory, including the money turnover. But with bitcoin this is impossible, so he and the resisted.
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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
Bitcoin but supported in some countries because they don't want to die their money and they live respect their paper money
Due to the fact that not every country agrees with the concept of bitcoin-decentralization, anonymity, etc. Because of this, there are gaps with regulation or a complete ban.
Not all countries in our time are developed to such heights, even in terms of the Internet. And there is still time to strive for.
In my opinion, Bitcoin is not supported in some countries because they don't believe on it. They think that if they invest here their money will gone. But they don't know how bitcoin can help in everyone lives because it has a big value. They think that some hackers are sending a money through this site. Everyone can join here so scammer can easily enter here.I think every country has policies of each so I think reasonable if there is support and even no support bitcoin, there must be a definite reason. Perhaps the reason why many countries do not support bitcoin is a safety factor, bitcoin is still vulnerable to hackers so for security reasons there may be countries that prohibit using bitcoin. Additionally bitcoin is always used for illegal activities (such as selling drugs, money laundering, etc.) so that bitcoin is not supported,Our government banned bitcoin for money laundering.but many people in our county use bitcoin and day buy day incrase it, 
Bitcoin is not supported by the government because the government has not been able to accept bitcoin as a legitimate currency and can be used as a payment, they consider bitcoin to have a big risk and can make users lose their money
Bcos they are afraid if btc is more popular than theie money also afraid their legal bank can be.died..
Bitcoin is not supported in some countries probably because their government is worried that it can be used for laundering, tax evasion or any other illegal purposes, we all know they cannot monitor Bitcoin. Countries with capability to at least monitor Bitcoin are a little more relax and liberal about Bitcoin, they know that if someone use it for illegal purposes thy can prosecute them.
It depends on economics, some countries cannot afford legality of bitcoin and some large scale tradings, they loose income and it is bed for currency.
At the moment, the most important problem of our country is that crypto-economy is not regulated in any way. The state does not receive taxes, and this is a big problem. that's why none of the crypto currency is allowed in our country
It's human nature to fear what you don't understand. So some countries/governments find it easier to just ban or heavily restrict it rather than embrace it. We are seeing this change over time though thankfully, as more goverments get educated on what Bitcoin, cryptocurrency & blockchain is & then benefits it brings.
Anonymity, that is mostly the reasons. It is hard to trust really for the government with something so trivial and something that they can't regulate in their point of view. Though good example for this is Russia which banned Bitcoin and other cryptocurrencies but look at them now who is recognizing and legalizing Bitcoin like Japan because they see the potential and can truly help them in the financial crisis they have been facing. I hope that other countries my see it as well.
Other countries did not support bitcoin because they treat bitcoin as a threat to their economy. Many people now have been using cryptocurrency and government fear that this currency would replace their currency.And second, most of the countries think that bitcoin is a scam and or illegal that is why they did not allow bitcoin to penetrate.
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
you ask 2 question with a different purpose and meaning...first question i can answer maybe some country to muchSome country is a bit difficult to take tax from every transaction because as we know every bitcoin transaction that we have taken directly by wallet and exchange market respectively. And also bitcoin may be against the law in every country. Then bitcoin is a digital currency where there is no physical form, maybe that's the main reason every government in every country does not want to bear the risk of loss from every transaction bitcoin users.for the second question i cannt answer cause im not use mining to earn my bitcoin. So, i cannt answer it
I think Bitcoin is not supported in some countries because many of people Considered bitcoin as scam. and many of people think that bitcoin is all about illegal activity. that's why they hard to trust bitcoin.
Some countries do not aspire to come to innovations such as bitcoin. It's also convenient to make big deals and you can get an amount of money more than enclosed.
I think it’s because governments can not control bitcoin. The bitcoin represents a threat or a competition vs their fiat money. Fiduciary money is a weapon.
Moreover, as everything is decentralized, they are afraid that people do not declare their earnings or of laundering black money.
But some countries (mostly little countries) are in favor of bitcoin to counter a bit the supremacy of the bigs counrties.
And of course you also have some officials who didn’t understand anyting about the bitcoin.
Moreover, as everything is decentralized, they are afraid that people do not declare their earnings or of laundering black money.
But some countries (mostly little countries) are in favor of bitcoin to counter a bit the supremacy of the bigs counrties.
And of course you also have some officials who didn’t understand anyting about the 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 countries are still thinking that bitcoins are scam.
so far there is no ban on each country for bitcoin, but if there is support from the banking system in one way or another. if about its lack of kegunanaan at atm, local shops then there are many countries and takes time because some countries have more priority.
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