Topic: Why bitcoin is not supported in some countries? - page 49. (Read 98470 times)
bitcoin is not supported in some countries for various reasons but the main one is based on the fact that it is a decentralized means of payment whereby you control your money. government always want to control everything that runs in a country and when they cant they oppose it. this is the case of bitcoin, that is why it is not supported in some countries.
Some countries even declare 6 months jail if her people use bitcoin.
Which countries jail people for using bitcoin?
I have not heard of a single person jailed for judt holdin cryptos .
There are bans on many exchanges though.
why bitcoin is not supported in some countries maybe they are afraid bitcoin will replace their paper money, because seeing bitcoin has the potential to do that is to replace fiat.
Governments of some countries are not supporting bitcoin because of their policy which is meant purposely to to check bitcoin investor, knowing fully well that it will be difficult to tax bitcoin investor.
Bitcoin supported all over the world, every government has rules to support exchange to bitcoin or not. Actually few countries only ban/unsupported bitcoin
To the contrary, it is hard to tax money itself since such taxation goes against the very concept of money, but in respect to what is not money governments can easily tax virtually anything. If Bitcoin is considered as property (or some obscure digital rights as in China), you will have to pay a property tax. Wtf, they can even tax your own self for you being a freelancer or having no children
bitcoin is not accept in my country because the government of my country Thinks that they could not track the transaction location this is the point that used the criminal to doing bad work , so this is the main problem so that my country is not accept in 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
Probably because theh are not interested with cryptocurrency, which may be a safe step for them since this is a volatile system that may affect their profit, their were not convinced enough with the possibilities that it may help thw community to get a better profit.
Governments of some countries are not supporting bitcoin because of their policy which is meant purposely to to check bitcoin investor, knowing fully well that it will be difficult to tax bitcoin investor.
The cause of the non-acceptance of bitcoin in my country is an inviolable government regulation that the legitimate currency to transact only currency in my country so that bitcoin users can not use bitcoin to transact daily and if they want to use the bitcoin then they should exchange the bitcoin first into a banknote in the service exchanger.
What do you mean by "not supported"? Maybe you mean to say not accepted, or not legal.
For now there is no country that has ban the use of Bitcoin. What actually that was banned was ICO which some countries did to protect their citizen from being scammed. Bitcoin is still being accepted for peer to peer transactions.
because most people on other countries consider bitcoin as scam and they think that bitcoin is all about any other illegal activities. But governments have their own reason to explain to it and should respect 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
A currency that is very volatile cannot be accepted as main currency. That is the main reason why there are countries that are not accepting bitcoin. They are afraid that people might broke when volatility strikes. Yes bitcoin is profitable especially in a long term investment and profit is bigger tham regular banking but as i said, the risk is really high to be accepted in some countries.
The government of different countries in this world has a valid and reasonable cause why they banned the company of bitcoin in their country.
The people should be consider this things since the government always protect the interest of both parties and provide neutral judgement.
The people should be consider this things since the government always protect the interest of both parties and provide neutral judgement.
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
Countries want control money. All countries do no allow you to print currency, same with bitcoin. They do not want to lose control of the money. They want taxes. These all about greed countries) 
I believe the reason for this is not far fetched. They basically see bitcoin as a threat and a hydraheaded demon that needs to be nipped in the bud before the virus spreads and kills their economy.
Yes, but I think all their worries are wrong, if they worry about their economy will be killed because bitcoin I think is wrong. A country will be able to improve their economy because bitcoin, bitcoin has helped many people have new income from the internet and countries with high unemployment rates can be introduced to bitcoin. I'm sure the public education about bitcoin will have a positive impact on the economy of a country.
I believe the reason for this is not far fetched. They basically see bitcoin as a threat and a hydraheaded demon that needs to be nipped in the bud before the virus spreads and kills their economy.
in my country also included in the list of countries that do not receive bitcoin. But in my country, the reason is that my government does not accept it and or deny it, because our government leaders are not interested in public welfare issues. I hope God gives us good government, But my people, they like all the securities currency and also they get from them.
Some other counrtries are not supported by it's government because they think that bitcoin is risky. For them, it is illegal activities that may affects the growth of their economy. Other countries have their own rules regulations to be follow by it's netizens. The large country is afraid to accept bitcoin in their own country because they think that it is scam while other small country ar afraid because bitcoin is for money transaction.
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