Pages:
Author

Topic: Why bitcoin is not supported in some countries? - page 38. (Read 98473 times)

sr. member
Activity: 1358
Merit: 253
For me i think because some county lock of information about bitcoin.  and did not know what kind of bussiness is bitcoin.  And  some of country thinking bitcoin is a threat in there government.
Most countries think shortly that bitcoin can not be controlled and anonymous so the safe and easy way that can be done is with bitcoin banned, the government did not want to take the time to do a study on business opportunities and the huge economy of bitcoin.
full member
Activity: 476
Merit: 100
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 the reason why some countries are banning bitcoins because they know that there will be big affect in their financial institutions. Bitcoin has many disadvantages and it is the reason why some countries are not legalizing bitcoins.
member
Activity: 266
Merit: 10
Not all countries will a priori seek to be similar to each other. Different government, different mentality says that there will not be bitcoin everywhere.
newbie
Activity: 23
Merit: 0
Recently, the financial regulator of the country Nepal Rastra Bank completely banned any operations with crypto-currencies, seeing in them a threat to their economy. The decision of the authorities was reinforced by the arrest of a dozen people, allegedly involved in the management of crypto-exchanges in the territory of Nepal.
full member
Activity: 293
Merit: 100
bitcoin is already widely supported by many countries in the world and is legal in countries that support bitcoin. I will support the bitcoin in the country because it needs bitcoin to build a good economy in this country. countries that do not support bitcoin may have a reason why they do not accept the presence of bitcoin.
newbie
Activity: 126
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
They are supported to some other countries because  they don't want bitcoin to become their currency  and they don't want an electronic  cryptocurriencies  try against in it
member
Activity: 154
Merit: 10
Yes,we know that some countries of the world don't support bitcoin crypto currency. Because,they may think their economic state go down. For this reason they don't support bitcoin in their country. Even I heard some countries announced the sixth month of jail for it.
jr. member
Activity: 39
Merit: 1
❐ Zeex ❐ NO FIAT, NO FEES.
Different countries have different laws. In come countries, the ministers are yet not realizing the potential of bitcoins.
full member
Activity: 462
Merit: 104
Crypto Marketer For Whales
It is because these countries want to stay in power over the people and of course, stay corrupt. It can also be that they want to create their own crypto.
full member
Activity: 314
Merit: 100
in our country crypto-economy is not regulated by law. Therefore, all transactions for the transfer of bitcoin are unlawful unfortunately
full member
Activity: 1162
Merit: 106
For me i think because some county lock of information about bitcoin.  and did not know what kind of bussiness is bitcoin.  And  some of country thinking bitcoin is a threat in there government.
Of course the government thinks that bitcoin is a conventional money threat, when the government legalizes bitcoin then people will use bitcoin rather than fiat so the state can not manage all the price and financial rules because bitcoin can not be controlled.
full member
Activity: 207
Merit: 100
For me i think because some county lock of information about bitcoin.  and did not know what kind of bussiness is bitcoin.  And  some of country thinking bitcoin is a threat in there government.
member
Activity: 151
Merit: 10

Because, in my opinion, this currency does not have a tax charge for the country, & also the system in use is very very simple that is between the "user to user", and many cases of piracy crimes in this currency, obviously many countries do not want to be responsible.
full member
Activity: 350
Merit: 102
Each government has it's own view of bitcoin. Many countries do not accept bitcoin because the government does not control the development of bitcoin. Bitcoins affect the interests of banks.
newbie
Activity: 35
Merit: 0
Why is bitcoin not supported in some countries?
Because the country wants to live and develop local money in the country so bitcoin is not yet supported, I just hope someday bitcoin can be accepted in all countries as international digital currency and has a permanent legal force.
full member
Activity: 210
Merit: 100
The main reason for the illegalization of bitcoin and all bitcoin-affiliated activities is the lack of knowledge of their government with bitcoin. Moreover, most of these countries think of bitcoin as an enemy of their economy since it attracts customers and investors but can't be taxed since it provides anonymity to the users
full member
Activity: 323
Merit: 100
Bitcoin is not supported in some countries maybe because their government has their own policy and law that they value very much. In addition, they don't want to spread it because they do not have enough knowledge about it and they think that its risky nor not safe to implement it in their country.
full member
Activity: 364
Merit: 105
Maybe all countries are have some used it but they don't want to spread it because some government ban bitcoin in their country thats why some countries not support it.  They don't like cryptocurrency in their country thats why didn't support it.
full member
Activity: 350
Merit: 100
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 because of the forcement of thier central banks that's why government banned bitcoin and altcoins , i guess that's not fair,
full member
Activity: 230
Merit: 108
The reason why the company of bitcoin is not supported by some countries because it was not been taxable by the government; from all transactions they have so they consider bitcoin as illegal from its transactions.
Pages:
Jump to: