Topic: Why bitcoin is not supported in some countries? - page 43. (Read 98470 times)
bitcoin is now available in most of the countries but as we all know that different countries have different rules and laws . so, some countries government may ban bitcoin in that country or the people don't have information regarding bitcoin due to which they are unaware about 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
They dont support bitcoin because they saw that its a threat to them on their governance and also they already knew that bitcoin cant be controlled and impose tax on it and afraid that taxation would be really be affected and also crime rate would increase because of bitcoin because it might increase the hidden transactions on doing illegal things and this is only the thing i know but overall bitcoin is really useful if you dont use it on bad thing.Totaly agree, they just need slaves...
There are several reasons like we are arranged by the government and it is no secret that governments of some countries forbid 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/
All dark deeds have their share of the banks and the Government, together with the banking system will greatly affect the progress in bitcoin mass. Therefore, the interests of users and countries do not coincide.
May be because those countries afraid of and governements think that can vreak the economy of the countrie
The main factor is because uses a decentralized system so it can not be controlled by anyone, if the state legalizes then there is a big risk that the country's economy can be destroyed by speculators.Some countries do not accept bitcoin because I think the government is not taxable with this type of pre-coding. It is difficult to accept and circulate.
I agree with you. Bitcoin is a virtual currency and it is independent currency; thus, government officials does not have a power to control. This maybe one of the reasons why it is not supported in some countries. May be because those countries afraid of bitcoin and governements think that bitcoin can vreak the economy of the countrie
The main factor is because bitcoin uses a decentralized system so it can not be controlled by anyone, if the state legalizes bitcoin then there is a big risk that the country's economy can be destroyed by speculators. 
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
Maybe they think that Bitcoin is scam or has an illegal activities. Or maybe they are trying to evade the terrorist who use Bitcoin as a financial support. Or other countries takes time to research carefully before they legal it.the assumption of each country in the presence of bitcoin is different, there are negative and there is a positive. because they are not familiar with bitcoin far and usually assume a negative first with the existence of bitcoin at this time
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
Maybe they think that Bitcoin is scam or has an illegal activities. Or maybe they are trying to evade the terrorist who use Bitcoin as a financial support. Or other countries takes time to research carefully before they legal it. 
I agree that bitcoin is not supported in many country. Because they are not informed about the advantage of it. Our government its not that aware of bitcoin and many countries are banned on bitcoin. They didnt know the value of bitcoin and they didnt know bitcoin change the life of people. I think with the help of social media. Theyn will know the valuenof bitcoin. How bitcoin is important to many people
May be because those countries afraid of bitcoin and governements think that bitcoin can vreak the economy of the countrie
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 my own opinion, I think the reason is not supported in some countries because they don't believe in the power of bitcoin. They don't satisfy in just words, I think they want a physical proof that bitcoin is real or they don't know the real value of bitcoin and how to use bitcoin. Bitcoin is gambling so there is a risky part of it but they don't need to not support it.
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
The non-support for Bitcoin in some other countries because of non-familiarity of it's financial operation. Bitcoin users did not pay taxes directly to the government. This non-payment of revenues directly to the government depleted the national treasury. Bitcoin is not clear to many people, they think Bitcoin is another for of seam like what happened in Bangladesh.
Bitcoin and other cryptocurrencies though a mainstream in the U.S. or in Europe are still unfamiliar to the public in less developed countries. Everything new usually makes people frightened, even in the governmental level
especially when it goes about such traditional things as money and financial tools.
But the situation is changing rapidly and more countries are defining their attitude towards cryptocurrencies, negative or positive. I guess even more scrutiny and regulations from national governments are to be faced soon, as cryptocurrencies earn good money and thus, can't be simply ignored.
My opinion, they have reasons if why they don't allowed or support btc in some countries. First thing is that they are fighting against illegal transactions like deep web transactions where people use bitcoins as payment. Second, they don't want that their local money be overtaken by bitcoins esp. that its value is rising like a rocket. Lastly, they might not have enough support in terms of internet connections or the likes to run such operations regarding bitcoins
Bitcoin is not supported in some countries because its not been controlled by the government. If they supported Bitcoin than there will be less transparency in what a business is really earning which means they can avoid taxes.
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 how bitcoin not being supported by other countries, yet we are visible how it could manage to help people earn for their living. This is simply because of the long lasting issue of it being unable to hold or controlled by some sectors or government itself. From that, we could basically conclude that they have bo choice but to stop or ban it.
This kind of earnings can not but worry financial authorities. And there can be no doubt that the attempts of the authorities to put under control or regulate crypto-currencies will be undertaken with greater persistence, the more serious the troubles will be in the stock and financial markets. This kind of activity can lead to increased volatility. Loud statements can provoke corrective movements. The state constantly wants to control everything.
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
Many countries think that using and participating in Bitcoin investment as a kind of gambling and this affects the country's economy, the government in my country has propagated that people should not join in Bitcoin, If the government finds out, it will be punished according to regulations 
it is very sad talk for me! Bitcoin is not supported in some countries because they don't believe on it. They think that if they invest here their money will gone. But they don't know how bitcoin can help in everyone lives because it has a big value. They think that some hackers are sending a money through this site. Everyone can join here so scammer can easily enter here.I think every country has policies of each so I think reasonable if there is support and even no support bitcoin, there must be a definite reason. Perhaps the reason why many countries do not support bitcoin is a safety factor, bitcoin is still vulnerable to hackers so for security reasons there may be countries that prohibit using bitcoin. Additionally bitcoin is always used for illegal activities (such as selling drugs, money laundering, etc.) so that bitcoin is not supported,Our government banned bitcoin for money laundering.but many people in our county use bitcoin and day buy day incrace it 
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