Topic: Why bitcoin is not supported in some countries? - page 4. (Read 98470 times)
so they do not use the bitcoin because they have conditions in different countries, maybe they fear that they might threaten them or maybe they just do not want to bitcoin , they have many reasons why they do not want to support Bitcoin so we can understand the decision of another country that does not want to support bitcoin.
in some countries bitcoin is consider like money laudering for his anonymous transactions and sometimes illicit enrichment for it prices in the market, Bitcoin is a decentralized and virtual currency and any government in the world can control it. bitcoin is not supported in many countries because it mining consume a lot of energy. i think that some countries are just affarid that this currency can take the control of his finances and nowadays its popularity scape of his hands
perhaps this is a remarkable question, myself would be interested to know that, although I understand a certain part of it. perhaps its legality has caused it to be some countries prohibit. Bitcoin is a virtual currency, but it has great value. Therefore, these countries wanted to profit by it, in contrast, when a country does not want to be influenced by Bitcoin, they will ban it
I think every country has a different policy. Probably because bitcoin is very unstable and contrary to the bank. Bitcoin also does not need to verify itself because it is anonymous and of course the country is afraid if it is used for crime. It depends on how each country thinks. They need to make adjustments so that bitcoin can be received properly. But pretty good there are some countries that accept bitcoin.
Some countries want to have full control of institutions and finances. If btc is included and if people will use it they would be by their own and governments would face difficulties on control/
Their countries , their laws. It really depends on your definition for not supported too . If we speak about banning then as far as I know I don't think there is a country that actually banned bitcoin , at least nothing official and If there is then Its related to the banking system with one way or another . If its about the lack of usability in ATMs , local shops then there are plenty of countries and It takes time as some countries have more priorities .
Bitcoin is not supported in some country cause their government doesn't like the fact bitcoin is decentralized currency. Also bitcoin transactions are anonymous so it's another reason that some country that restricted heavily with bitcoin trading then again bitcoin has random value loss habit which made it more suspicious and sketchy to some peoples as well eventually some country's government put ban on Bitcoin. Such things cause trading ban on certain countries and even they take legal action as cause of violating them.
every country is different. management style, economic structure, and legal rules. so the way they look at BitCoin is also different. the main reason for the ban can be perceived as technological backwardness or threat/afraid of bitcoin.
I think that some countries are simply afraid of the strength of the crypto currency. Everyone understands perfectly what can ensure the use of crypto currency. But, I think, sooner or later each state will have its own national currency
a country need to research before accepct bitcoin , and will compare about good and bad thing about it then decide to acc or not
That is because bitcoin is not really for everyone and it's contrary to what other say is the currency for the people. These countries has its own governing policy and beliefs that btc and the cryptos can somehow affect the their economic status negatively.
Maybe the reasons why some countries not supported bitcoin because of less paying taxes, economy will might slow. Anyway, government has some rules to follow thats why they will not giving their support into bitcoin.
I think countries see some danger in bitcoin cause of it is controlles currency and there priests or some other dark activity can use bitcoin for their stuff.
actually the users of bitcoin are not so much in these countries, actually bitcoin is still not so much introduce in these areas, i think they still need a good introduction of bitcoin so that people may start using it.
In these countries, government departments are afraid of the loss of citizens' investment in encryption, so they define it as a scam.
Bitcoin is not using some countries because,it is used to send and receive the money without any bank,in this case there is some mistakes done with bad people.so bitcoin price also not constant this will increase and decrease.
Because there is what we called, blood life of the Goverment, which is called, tax. This tax is being attached for every commodity being used in a country. Which means, when you buy something, when you earned something, you must be taxed. so in the perspective of bitcoin and cryptocurrency, we earned a lot entailing, we are not subject to tax. Government itself cannot benefit from us. So instead some government, bans cryptocurrrency or even do not support it.
but i think the main reason can be that bitcoin is yet not so much introduce in some countries and that is why people there do not accept bitcoin. i think if they are properly introduce then they will certainly accept bitcoin and will also use bitcoin for trading and investment.
because bitcoin also affects how the circulation of money in a country. In the case of Indonesia, bitcoin is not prohibited for mining and trading. but it is prohibited to serve as a buying and selling tool. such as purchases of goods. besides, handling income tax will also be difficult if everyone has bitcoin. because not everyone will report their assets.
Governments of some countries are not supporting bitcoin because of their policy which is meant purposely to to check bitcoin investor or maybe they fear of losing their revenues which they get from taxes. I'm sure the public education about bitcoin will have a positive impact on the economy of a country.
first because bitcoin is not taxed. that's the reason why bitcoin is not supported by some countries. and the two bitcoins do not include foreign exchange. essentially because the state does not profit from bitcoin materially.
Jump to: