Why bitcoin is not supported in some countries? - page 39.

ice_man75

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Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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

It all ends at what the government body is made up of. If there is corruption and is shrouded by corruption from head to toe they will, and there has been suspicions about them being corrupt they will consider Bitcoin as illegal so that they would look good.

MoneyMotivatesMe

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It's always the lack of new technology awareness on their people. I remember that it takes years before my country keep up with the modern times so I know that those countries are just will be able to keep up someday.

cozytrade

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Bitcoin is not supported in many countries because they are not informed about advantages of it. Its not the legalized in many countries. They are not aware of the cyrptocurrency. Or should I say they think bitcoin is a scam but if you find out the benefits of it definitely you will love bitcoin more. So they are banning bitcoin in many countries

shovonsarawa

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Bitcoin is not supported in some countries because they think that it is not safe and some country think that it is a money laundering.

Gondwanaland

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Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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 bitcoin is not supported in some countries of the laws that they have. Yes, bitcoin is risky too. that is why some countries are afraid using bitcxoin because they need to face the risk of bitcoin. Every countries have different laws and beliefs so that bitcoin maybe not supported in each country.

anything9ce

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its greatly boils down to ignorance and fear of the unknown .The reason is probably because there is still dominant thinking that Bitcoin is something connected with illegal activities or tax evasion and the inability to predict the bitcoin market or the attitude is that Bitcoin is threat to financial system or probably bitcoin is going to over rule their local currency and turn out to become the leading currency leaving their local currency at its mercy

santieevanz

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Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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

It is true that there are countries who doesn't support bitcoin and some of them already banned it. Bitcoin is not risky but the things are, they think that bitcoin will bankrupt some banks, it is commonly used by criminals and terrorists, they thought that bitcoin is illegal and etc. However, Korea and India already accepted bitcoin because they have misunderstood with regards to the crypto currencies and it is a good news that if a country banned bitcoin there is also a chance to accept and consider it.

Razo123

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Actually each country have their own policy maybe the government are concerned will many wiping the money or commonly known as money laundering. fair or not that's what we have to face because until now the existence of bitcoin is still not recognized.

Mr.Anonymous

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Quote from: jsscswan on February 17, 2018, 06:02:36 AM

Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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 it is true that in some countries there is no permit ownership or use of bitcoin. Some of these countries may have a reason that bitcoin could threaten the security of their country because of the anonymous bitcoin ownership properties and bitcoins can be misused by their raykat. So naturally if there are some countries that prohibit bitcoin, all countries have their own policies.

Yes, it depends on the power of the government, if they can manage the cryptocurrency world, they do not need to ban it because they can take advantage the volatility of Bitcoin for the reason to take high rate taxation for the crypto trader.

kadutz25

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Probably because these countries feel bitcoin can make their people fail and stop trusting and accepting or using bitcoin and probably because of the unstable bitcoin price factor up and down so they ban bitcoin.

jayveerastrullo

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some countries dont support bitcoin because they think it's a scam. I get there point that they're just protecting there people.

tachi641

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Its because of government that bitcoin is not supported in some countries as governments are really afraid that if bitcoin becomes the main currency then they will loose control on money which will end up all their corrupted activities.

jsscswan

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Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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 it is true that in some countries there is no permit ownership or use of bitcoin. Some of these countries may have a reason that bitcoin could threaten the security of their country because of the anonymous bitcoin ownership properties and bitcoins can be misused by their raykat. So naturally if there are some countries that prohibit bitcoin, all countries have their own policies.

Tszone

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BITCOIN IS NOT SUPPORTED IN SOME COUNTRIES IS BECAUSE MOST COUNTRIES SEE BITCOIN AS A PONZI SCHEME OR SOMETHING ILLEGAL

ogtejiri

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BITCOIN IS NOT SUPPORTED IN SOME COUNTRIES BECAUSE IT IS SEEN AS SOMETHING ILLEGAL

Arisgado

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Bitcoin is not supported in several countries because the governments, firstly forms a currency. Their capabilities are not suitable in the acceptance of bitcoin because they are not yet technologically advance. This is the reason behind the unwillingless of some countries. They don't like new things in their national economy.

Doni Ariyanto

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Of course every country has different policies and regulations that regulate the finances of the country, on the other hand of course they worry if legalize bitcoin will affect the state of their country's economy. Bitcoin is prohibited by some countries does not mean there is no country in it.

1 currency now

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Quote from: AnnaGeraMsk on February 16, 2018, 04:51:42 PM

And why would someone have uncontrolled money?

The whole Government just wants to make Bitcoin cause a scene, the whole Federal Reserve can make Bitcoin whatever price they want.

Teo2015

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Bitcoin can only be banned in countries lacking democracy. I think this can not be infinite and eventually everyone will adopt bitcoin.

miang

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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

Topic: Why bitcoin is not supported in some countries? - page 39. (Read 98470 times)