Topic: Why bitcoin is not supported in some countries? - page 40. (Read 98470 times)
My idea is that maybe their government is trying to monopolize the access of bitcoin in their country by their authorities. It is common to people that if there is a source of wealth they will try to keep them for themselves. This is just an opinion though, but I think it is really possible.
İn my opinion; one of the reasons why some countries are allowed to operate bitcoins is that they say that the ministers of the economy ministers of the economy are an insecure and non-payment instrument.
And why would someone have uncontrolled money?
According to my opinion, the first reason why bitcoin is not allowed in some countries is that those countries can not be democratic countries and the government does not want the country's money to go out.
A country has a legal and financial institution deal that regulates everything thoroughly and realistically. The laws and values of a country's currency are very open and the centralization of the bank in the country, only the presence of blockchain technology is recognized as a neat, decentralized record and counting tool that can prevent all the bad things that can happen while for bitcoin in this advanced country can be a polemic in the existing culture and technology, for example a local bank or central bank that gives a statement about Bitcoin here it is said that bitcoin is just a virtual currency whose price consistency is not guaranteed exchange rate, it can not be used for payment, or financial assets. it is not possible to use Bitcoin as the official money for any payment.
Hello. In which countries is the Bitcoin or Cryptocurrency market no longer accepted?
I have not heard anything about it
I have not heard anything about it
A country has different cultures and technologies.
developed country culture is very open, the presence of blockchain technology is recognized as a very neat, decentralized record and counting tool that can prevent all bad things that can happen while for bitcoin in a developed country this could be a polemic in existing culture and technology, for example a local bank or a central bank that gives a statement about Bitcoin here it is said that bitcoin is just a virtual currency whose price is not guaranteed consistency, it can not be used for payment , or financial assets. it is not possible to use Bitcoin as the official money for any payment.
developed country culture is very open, the presence of blockchain technology is recognized as a very neat, decentralized record and counting tool that can prevent all bad things that can happen while for bitcoin in a developed country this could be a polemic in existing culture and technology, for example a local bank or a central bank that gives a statement about Bitcoin here it is said that bitcoin is just a virtual currency whose price is not guaranteed consistency, it can not be used for payment , or financial assets. it is not possible to use Bitcoin as the official money for any payment.
Each country has a different culture and technology.
the culture of my country is very open with the presence of blockchain technology as a very neat, decentralized note and counting tool that can prevent all bad things that can happen, while for bitcoin in my country, local banks and central banks give statements about Bitcoin.
here it is said that bitcoin is not 'real' money, which can apply to payments, or financial assets.
Based on this, it is not possible to use Bitcoin as the official money for any payment.
I think this situation is very similar.
Hopefully, we will soon see some changes.
the culture of my country is very open with the presence of blockchain technology as a very neat, decentralized note and counting tool that can prevent all bad things that can happen, while for bitcoin in my country, local banks and central banks give statements about Bitcoin.
here it is said that bitcoin is not 'real' money, which can apply to payments, or financial assets.
Based on this, it is not possible to use Bitcoin as the official money for any payment.
I think this situation is very similar.
Hopefully, we will soon see some changes.
Bitcoin and cryptocurrencies are a phenomenon that strongly polarize society, economists and governments. While countries like Japan or Belarus want to take advantage of the new technology, other countries prefer to simply introduce bans. Today, we want to provide you with an infographic about countries that have banned Bitcoin.
Many countries, organizations and important people are strongly opposed to cryptocurrencies, and relatively few of them decided to take legal steps. We have therefore chosen those states which, through regulations adopted by governments, central banks or other official organizations, have introduced specific legal sanctions for the use of Bitcoin and other crypto.
Many countries, organizations and important people are strongly opposed to cryptocurrencies, and relatively few of them decided to take legal steps. We have therefore chosen those states which, through regulations adopted by governments, central banks or other official organizations, have introduced specific legal sanctions for the use of Bitcoin and other crypto.
In my judgment why they do not support bitcoin because on the side of their mindset they see that it is bitcoin can increase hidden transactions in doing things illegal and bad things can happen with the prevailing currency, this is the only thing i know but bitcoin very useful if you do not use it on bad things or bad for anyone.
On the other hand, some governments rejected it for some reason. Like those countries fear that bitcoin will make their economy go down. My country like that bitcoin get banned because don't want take a risk.The entering and exiting of money in bank will be affected. As soon as they learn how to regulate civilized relations between bitcoins and banking systems, they will be support bitcoin i guess.
In my opinion:
1) Anonymity. Actually btc is using by drugs, weapon dealers; terrorists etc.
2) People will invest a lot of money to cryptocurrency, instead their currency. Why you should invest to $, euro or gold, if u can invest money to ethereum or btc and make it x2 or x3 for 1 year. After that economy of country will depend by cryptocurrency, ofc goverment doesn't like it.
1) Anonymity. Actually btc is using by drugs, weapon dealers; terrorists etc.
2) People will invest a lot of money to cryptocurrency, instead their currency. Why you should invest to $, euro or gold, if u can invest money to ethereum or btc and make it x2 or x3 for 1 year. After that economy of country will depend by cryptocurrency, ofc goverment doesn't like it.
The fear of bitcoin is anonymous and decentralized, if the state legalizes bitcoin then it can be a place for criminals to make money laundering from corruption and decentralization to make the state powerless to control bitcoin prices.
Bitcoin is not supported in some countries for Banks. The main competitor of bitcoin is bank. it was due to good and effective features of this crypto currency. Many people are attracted to invest in this coin instead of investing to other crypto currencies. Moreover transactions using bitcoin is much easier compared to banks. And i think this is one of the cause for the banning of Bitcoin. Please check the article here >>
https://bitcointalksearch.org/topic/m.29412936
https://bitcointalksearch.org/topic/m.29412936
Why bitcoin is not supported in some countries? Personally, I think, because Bitcoin is a direct threat to the established banking system. After all, bitcoin does not obey anyone or anything, it can not be regulated, therefore this is one of the reasons for its cost. As soon as they learn how to regulate civilized relations between bitcoins and banking systems, a huge digital coin boom will begin immediately.
For me the reason why some countries did not support bitcoin because their government can not even get a tax on it.
Bitcoin is volatile. So it will be hard in the Supreme Court to implement a law in collecting taxes for those who are using bitcoin in their transactions.
Besides tax there is certainly a big risk if the state legalize bitcoin is a means of money laundering so it will be a haven for corruptors to save money from criminal proceeds such as drugs, corruption and so forth.Bitcoin is volatile. So it will be hard in the Supreme Court to implement a law in collecting taxes for those who are using bitcoin in their transactions.
Their governments don't want bitcoin to dominate their economies. This is the reason behind the unwillingless of some countries. They don't like new things in their national economy.
Because Goverment of any country ban BTC
Unfortunately the big problem that the bitcoin faces at this moment is the increasing numbers of countries not supported them.
They not banned bitcoin because it is illegal the problem is they are not well develop to accept and go with the flow of the innovation that is happening to us right now.
They not banned bitcoin because it is illegal the problem is they are not well develop to accept and go with the flow of the innovation that is happening to us right now.
For me the reason why some countries did not support bitcoin because their government can not even get a tax on it.
Bitcoin is volatile. So it will be hard in the Supreme Court to implement a law in collecting taxes for those who are using bitcoin in their transactions.
Besides tax there is certainly a big risk if the state legalize bitcoin is a means of money laundering so it will be a haven for corruptors to save money from criminal proceeds such as drugs, corruption and so forth. Bitcoin is volatile. So it will be hard in the Supreme Court to implement a law in collecting taxes for those who are using bitcoin in their transactions.
For me the reason why some countries did not support bitcoin because their government can not even get a tax on it.
Bitcoin is volatile. So it will be hard in the Supreme Court to implement a law in collecting taxes for those who are using bitcoin in their transactions.
Bitcoin is volatile. So it will be hard in the Supreme Court to implement a law in collecting taxes for those who are using bitcoin in their transactions.
Jump to: