Topic: Why bitcoin is not supported in some countries? - page 46. (Read 98470 times)
Its all because of.. they can't traced any transactions in Bitcoin. Their government can't interfere any transactions that their peoples doing, they don't know if someone in their country using Bitcoin in illegal ways, Like.. they use Bitcoin as a way of paying or buying drugs, or any other illegal work that they do using Bitcoin.
Because bitcoin is anonymous.
It's global.
The government can't control it
So it's forbidden to trade bitcoin.
It's global.
The government can't control it
So it's forbidden to trade bitcoin.
Bitcoin is not supported in some countries because they think that it can hurt their economic growth since bitcoin is autonomous that government can't intervene on bitcoin transactions. Aside from that, bitcoin can also pose threat to a countries security if they allow it since it can be use to fund/pay criminals to do bad things without being traced.
Not all countries are friendly to bitcoin.
In some countries bitcoin is prohibited.
It is illegal to trade bitcoin.
In some countries bitcoin is prohibited.
It is illegal to trade bitcoin.
I don't think bitcoin is not supported in some countries. Maybe some countries don't know bitcoin yet or it's not yet popular. But as for banning bitcoin, I don't think so.
Because not every country recognizes bitcoin.
Many countries ban bitcoin transactions.
Think bitcoin is a scam.
Many countries ban bitcoin transactions.
Think bitcoin is a scam.
Based on what i've read on some articles and any related information and issues about bitcoin in other countries, there's no assurance for the buyer's protection and even worse is that the government believes that it will be advantageous for unknown individuals to execute such illegal transaction since it's not monitored by the government because it's an decentralized currency.We might consider it as a money but it can't be classified as a legal currency in other country.As an overall conclusion, one of the reasons for not supporting bitcoin is it's untrackable and the money that you may lost is unrecoverable.Moreover,even if some people used it in a good way,the government won't consider the fact that it can be used illegaly.
some countries do not support against bitcoin because a lot of grafters who do the money laundering through bitcoin.
That's true! And maybe because, Bitcoin is not own by anybody, it's a virtual currency so you can't print, hold or whatever, that's why some countries doesn't support Bitcoin cause their just protecting their country men to save whatever wealth they have. Another is Bitcoin doesn't have stable price so it is very risky to invest your funds, so if your not knowledgeable enough then much better if you invest your money which regulated by the government.
If it is not valid in some countries or its circulation is not legal, everything is because it would not be governed by the tax payments that real currencies are subject to, since there are virtual taxes that should not be paid and this does not apply to the laws governmental.
some countries do not support against bitcoin because a lot of grafters who do the money laundering through bitcoin.
Maybe because they taught that bitcoin is some kind of money laudering. And the government of all countries think that bitcoin is only a scam. They are afraid that there are so many will invest in bitcoin and if it will happened that bitcoin is a scam no one will be punished because no one hold bitcoin.
There is another important reason: blockchain and all around is the way of changing the whole world, bringing the new world new formation of people; and all governments are supported and ruled by "old formation" and now they feel their time to to oblivion... and of course they dont want to ))) It is evolution, guys!
There are many factors to determine why some countries are not accepting bitcoins. I think the main reasons are the laws of the government and the awareness of the people living in that country on bitcoin. Some of the countries like America and England have truly supporting btc because people are very aware that this kind of digital currency is existing and they know how to use it as an equivalent of cash. Someday, maybe the government will pass a bill to the regulation of btc and adapt this kind of cryptocurrency.
I think a lot of countries are afraid to solve bitcoin, in fact they can be used by all types of scammers and then they will not be found. They are worried about the security of different fraudsters. 
Corrupted politicians in countries invest their
all black money in bitcoin without paying tax,and
All black money gets increasing because of the
Economy of country gets huge drop,and it's also
Affect development of country
all black money in bitcoin without paying tax,and
All black money gets increasing because of the
Economy of country gets huge drop,and it's also
Affect development of country
That's because they do not want bitcoin and they do not support bitcoin in their area because they know it's just a scam and nothing happens when you bitcoin. but what they do not know is that it is true and they are paying the right. but maybe this is not the reason why they do not like bitcoin, there are many reasons but I do not know that. 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.
Because it is not profitable for the foreign exchange market. Also, many countries do not have the opportunity to launch a crypto currency for free circulation.
There is another important reason: blockchain and all around is the way of changing the whole world, bringing the new world new formation of people; and all governments are supported and ruled by "old formation" and now they feel their time to to oblivion... and of course they dont want to ))) It is evolution, guys!
There are many factors to determine why some countries are not accepting bitcoins. I think the main reasons are the laws of the government and the awareness of the people living in that country on bitcoin. Some of the countries like America and England have truly supporting btc because people are very aware that this kind of digital currency is existing and they know how to use it as an equivalent of cash. Someday, maybe the government will pass a bill to the regulation of btc and adapt this kind of cryptocurrency.
There is another important reason: blockchain and all around is the way of changing the whole world, bringing the new world new formation of people; and all governments are supported and ruled by "old formation" and now they feel their time to to oblivion... and of course they dont want to ))) It is evolution, guys!
the lack of outstanding or anonymity are one of the reasons. In some countries its hard for the government to really trust because it is originally created for underground transactions plus the uncontrollable increase of values and investors.
the country may feel worried about taxes and the lack of control over the digital currency
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