Topic: Why bitcoin is not supported in some countries? - page 47. (Read 98470 times)
I think it's because they can not control and therefore pose problems for users. The government wants to take taxes from all incomes of the population.
You need to make a difference in whether BTC is not supported by not being able to do anything with it (no ATMs, bitcoin ready POS, etc) or not supported by the government and banned all activities involving bitcoin. the first one is pretty common, i believe this year we will see advances on that field. The second one well I hope is not happening anytime soon. Today i read an article about South Korea lifting bans but regulating the activity. https://deeponion.org/community/threads/south-korea-gov-allows-people-to-invest-trade-in-crypto.27349/
some countries think that bitcoin is very risky, difficult to control, and risky when used by irresponsible elements. this is what makes some countries prohibit the circulation of bitcoin
That's some of the risks that Bitcoin can generate and many more positive and negative impacts for a country. I think some governments forbid Bitcoin not to extend a major loss to the country.
because bitcoin has very good advantages, they are afraid people in certain countries will completely switch to bitcoin as their main job, and with that problem there will be problems with taxation and that's when the government will have big problems, most people already have control over their own money. therefore a country prohibits using bitcoin, is not bitcoin good for economic growth of country?
Uncontrolled and unstable currency, which is the most expensive in the world. Its popularity makes people take risks and invest in big money. And the government can not at all influence this, only try to ban it.
I think it is because of their laws or policies of the government. It is how it works every time. Every country have their own beliefs, their traditions, their way of life, therefore there are complications and trust issues about some serious matters especially when it comes to money. Money is everything as it is today in this era. People commit crimes just for money so for security purposes, some countries are very strict on implementing crucial issues such as bitcoin.
I think that is bitcoin is not supported in other countries because i think becaouse of the lower price lower earns so thats why i think thats why bitcpin is not supported in other countries 
I think it's good that governments don't support bitcoins. Cause ones any government starts "supporting" it, it just starts some stupid attempts to poke nose into cryptowold in order to control it
I have not heard any country giving jail for Bitcoin but it may happen in future for sure.
bitcoin is accepted in my country by people
but not by govt
but not by govt
Bitcoin is not supported in few countries, reason it being in decentralized form. Moreover, technology is very new for some undeveloped countries where digital technology is not much in sight.
Bitcoin is a crypto currency and many people fear to use it as there are no HYC involved.
Bitcoin is a crypto currency and many people fear to use it as there are no HYC involved.
some countries think that bitcoin is very risky, difficult to control, and risky when used by irresponsible elements. this is what makes some countries prohibit the circulation of bitcoin
Bitcoin are not accepted by the states because they can not take the taxes on the earned money through a bitcoin.
Bitcoin is not supported by some countries for some reasonable and acceptable reasons. The laws, rules and the principle of the leader affects why they don't support bitcoin. We all know that bitcoin really help the people but we cannot judge the country who didn't support bitcoin nor ban bitcoin. They also think not just the good side or advantage of bitcoin but also the bad effects or disadvantage it may give to the 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
there may be many reasons given by the country for resisting bitcoin may be the country is afraid of inflation with the country's currency or the country is afraid to launder money for irresponsible people or may also be afraid as a fundraiser for certain people to commit a crime 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
Very simple, all the governments of the country can not give up the right to coin, the government control the right to coin, in order to grasp the right to speak in the economic field, in order to stable management of the country
Because bitcoin is a decentralized digital currency, the government has a hard time controlling it and taxes have not got a good levy rate, so some countries choose to ban Bitcoin.
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.
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.
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
Each country has different policies and regulations. In my country it is now warned that investing in bitcoin is at risk because the price is unstable. Yet many people in my country keep investing on bitcoins. Yes indeed every country has a different principle.
Why bitcoin is not supported in some countries? But why? In some countries their have a policy because bitcoin is illegal in some countries and many countries banned the bitcoin
maybe, the country that prohibits Bitcoin is worried if Bitcoin will be used for negative things like funding illegal weapons and money laundering because Bitcoin transactions are very secret. in my country Bitcoin also not yet legal and still under consideration by the government Jump to: