There are so many instances why a certain country is against on bitcoin, maybe it has to deal with their policies, or maybe a negative review from another country that made bitcoin also sounds not good to other country.
Topic: Why bitcoin is not supported in some countries? - page 41. (Read 98470 times)
A country will be in danger if they accept bitcoin. Its volatility will really crush down a country. Thats why they just cant accept a digital currency without a stable prize. Some stores might accept the currency but not the whole country.
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
Logically speaking, some government accept Bitcoin because they are more open to the possibilities that cryptocurrency can bring. On the other hand, some governments rejected it for some reason. Maybe they find bitcoin or cryptocurrency as threat to their locale currency or to their countrymen given the fact that it is risky in some ways. Whatever happens, if we try to learn and explore these possibilities, we can use it in an effective and efficient manner.
I Japan, France in Canada, bitcoine is flourishing, it blooms and smells, wilting will not give it to the number of people who are going to advance in a place with a crypto currency
The reason behind why many countries that are not accepting and supporting the company of bitcoins in their place is because of they know that they are not yet capable to accept that offer.
Their capabilities are not suitable in the acceptance of bitcoin because they are not yet technologically advance.
- Exactly, they do not have the ability to manage and control, solving problems that will occur when they support bitcoin, so there is no reason for them to accept bitcoin, the government will never wants to put the country in a difficult and chaotic situation. And although they did not support but many people in their countries are still using Bitcoin, especially used for activities underground, illegal, that causes a lot of bad influence, so if they support it, I believe more terrible things will happen, they do not support is a very reasonable decision Their capabilities are not suitable in the acceptance of bitcoin because they are not yet technologically advance.
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
One of the major reason why some countries are not supported Bitcoin because the government will definitely cant record the flow of entering and exiting money in here. And the value of physical money will be decrease because the transaction are some in digital. The entering and exiting of money in bank will be affected.
I think one of the main reason is because some governments actually deem bitcoin as a financial threat to their countries economy, the authorities in charge of collecting taxes from the citizens are finding it hard to tax citizens that are investing into bitcoin and thus they made the decision not to support bitcoin.
bitcoin is not supported in some countries because they do not decided who to take action on bitcoin and some countries are think trading in bitcoin is risky it may be used in illegal activities some countries not decided to ban bitcoin and do not support bitcoin.
The reason behind why many countries that are not accepting and supporting the company of bitcoins in their place is because of they know that they are not yet capable to accept that offer.
Their capabilities are not suitable in the acceptance of bitcoin because they are not yet technologically advance.
Their capabilities are not suitable in the acceptance of bitcoin because they are not yet technologically advance.
Bitcoin is not supported in several countries because the governments, firstly forms a currency. They like to control the currency. They control it through the central bank and this is impossible with Bitcoin.
The government through the media puts the panic across to investors, for instance, the Russian central bank previously “said such currencies were used in illegal operations, such as money laundering, and promised to crack down on the instrument.” referring to Bitcoin.
Some other media also reports "Bitcoin is not a legal tender of any country. Any transaction through bitcoin or any other cryptocurrency is a punishable offense,"
Another is "claiming that virtual currencies are often linked to money laundering and other illegal activities"
The government through the media puts the panic across to investors, for instance, the Russian central bank previously “said such currencies were used in illegal operations, such as money laundering, and promised to crack down on the instrument.” referring to Bitcoin.
Some other media also reports "Bitcoin is not a legal tender of any country. Any transaction through bitcoin or any other cryptocurrency is a punishable offense,"
Another is "claiming that virtual currencies are often linked to money laundering and other illegal activities"
I think the government considers bitcoin dangerous and can make users lose a lot of money because of the price of fluctuating 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
A lot of countries dont like to give away power. They also try to protect their citizens from scams. Thats what happening in china. They analysed 16 ICO projects there and all 16 underdelivered. So they are going via the regulation route before they allow it again.
Probably because the government can not control and think it is a threat to the government, because bitcoin uses the blockchain system. Bitcoin is also not taxable.
which should be known is because the government knows what bitcoin is and what its main purpose is, most especially to fight fiat and use other currencies instead of using their own print money. Some are okay with it but most governments do not use it, and want to set it up as much as they can.
Transactions made in bitcoin can't be traced where in some countries it is illegal. Most countries also don't recognize bitcoin because it's decentralized and it will be difficult or no one can be held liable if laws are broken.
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
A lot of countries dont like to give away power. They also try to protect their citizens from scams. Thats what happening in china. They analysed 16 ICO projects there and all 16 underdelivered. So they are going via the regulation route before they allow it again.
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
In some countries, bitcoin is banned. They say it has no value and consumes a lot of energy and damages the environment. They believe that bitcoin is a scam, used by criminals to launder money and affect the stability of domestic financial markets.
Each country have their own policy & own monitory system .Those countries fear that Bitcoin will make their economy to go down. Also several taxation problems have been their, as people prefer Bitcoin to escape taxes.I'm just lucky to be in a country where people and the government are open minded.
In some countries people are still not aware of bitcoin even exists. Future adoption of bitcoin would mean servers damage of current financial stability.
Many people think that bitcoins like paypal, liberty reserve and so on, this is what makes them unconcerned with bitcoin so they feel that the current system will never change. 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 mean like china?? well that countries have more gold reserve.. as what you can see BTC is no gold back.. some of the countries take it as money laundering.. but in my country here in the south asia pacific.. BTC is godamn shit.. if you have some of it.. your rich.. ^_^
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