Topic: Why bitcoin is not supported in some countries? - page 5. (Read 98470 times)
I know that many countries not supported the bitcoin. Some countries are afraid of bitcoin because it will cause some illegal actions such as laundering black money. Maybe that's the main reason many countries in the world not supported 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
Some countries doesn't support bitcoin like China. Some miners from China is go to other place to miner their because China is strict in terms of paying tax.
As theres a lot of advantages we can gain from using bitcoin for our daily lives,
some people do it in a wrong way. Some people uses bitcoin to do criminal activities which is against the law.
Also the government wants to get something from it but as it is stands, government cant collect tax from it.
Also if bitcoin is the replacement for flat currency, then the country cant produced money because it is not needed.
Yes for sure they are not aware of the bitcoin advantages and the benefits, it is not there mistake I think they are in need of guideline so that they will love bitcoin and they will start liking bitcoin for their country, today bitcoin is improving the economy of the country and it provides job to the jobless people, so our young generations will not suffer unemployment any more so I prefer they should use bitcoin, bitcoin is full of profit try to use it properly. some people do it in a wrong way. Some people uses bitcoin to do criminal activities which is against the law.
Also the government wants to get something from it but as it is stands, government cant collect tax from it.
Also if bitcoin is the replacement for flat currency, then the country cant produced money because it is not needed.
I think that with time Bitcoin will start to be taken absolutely everywhere. Over time, Bitcoin will become a universal global cryptocurrency. Everything is moving in this direction.
Maybe the reason why some countries doesn't support bitcoin is because they think for the possible negative results may happen in using bitcoin.
Maybe they also think for the sake of people who may be suffer in to losses if they don't how to play wise on it.
Maybe they also think for the sake of people who may be suffer in to losses if they don't how to play wise on it.
Government of those countries just don't know how to handle with bitcoin and baning it. It is the easiest way of control bitcoin - ban. Anyway they will change their opinion soon.
Because of obvious reasons, corrupted governments, instability, or purely market strategy, some governments might get wrong about the real nature of bitcoin, there are several reasons.
each country has rules and laws, respectively. there is a consideration that is certainly very important. there are some countries that do not use bitcoin, and some countries are using bitcoin. it is a right of every government.
the reasons....- they don't realise the value of bitcoin
- government can't handle it
- bank systems can not control bitcoin over fiat money
Maybe because they afraid that bitcoin may use as a transaction by all the illegal activities.
Or maybe they afraid of its volatility, because any time bitcoin can loose its value.
And maybe they afraid that their economy affect lot because of it. Anything can happen, if we want to know if the result is good or bad all we need to do is to take the risk.
Or maybe they afraid of its volatility, because any time bitcoin can loose its value.
And maybe they afraid that their economy affect lot because of it. Anything can happen, if we want to know if the result is good or bad all we need to do is to take the risk.
my country is not supporting anything like drugs/bitches
bitcoin is accepted as well in my country so
Many countries accept bitcoin because government should control centralised currency and their bank system will transaction with centralised money.bitcoin is decentralized money so they denied bitcoin. bitcoin is accepted as well in my country so
Financial regulators of countries can not work out a common opinion on how to classify Crypto-currency in general and Bitcoin in particular. The main problem for this is the different approach of states.
There is no consolidation in the world about regulation of transactions with the help of Bitcoin, as well as the classification of electronic currency.
In different countries Bitcoin is classified in different ways - as virtual currency, money surrogate, intangible value, virtual goods and the like. Because of this, regulators do not officially support any of the above definitions.
There is no consolidation in the world about regulation of transactions with the help of Bitcoin, as well as the classification of electronic currency.
In different countries Bitcoin is classified in different ways - as virtual currency, money surrogate, intangible value, virtual goods and the like. Because of this, regulators do not officially support any of the above definitions.
bitcoin is not supported in some countries, perhaps countries that do not support bitcoin may think of bitcoin as a threat to the country's economy, the country's currency could lose competition with bitcoin, so the country does not legalize bitcoin
Many economists believe that money can be transmitted through Bitcoin Very easily.They think that because of the identity hide of the person here, it is easier to crime.This cause bitcoin is not supported in some countries.
absolutely agree, in addition i'd say that they might be afraid for the impact that crypto could cause on the economy of the countries. today i have read that Taobao banned selling goods or services somehow connected with blockchain technology.. however i'm sure it won't influence the crypto situation.
Many economists believe that money can be transmitted through Bitcoin Very easily.They think that because of the identity hide of the person here, it is easier to crime.This cause bitcoin is not supported in some countries.
probably who did not receive bitcoin in their country because they were afraid their citizens would switch to bitcoin and would raise taxes and at that time the government would have a huge problem because most people already have control over their money unlike the bank governed by the government, that is what will happen if the country receives bitcoin.
any kind of country would not Absorb bitcoin because of it's system and they can not have their hands in controlling it, that is why there are countries that are forbidding bitcoin from being use by their people but there are some countries that have many merchants that keep on accepting bitcoin
I think you have confused, bitcoin is completely free in most countries, it is restricted to only certain countries, and those countries are restricted to the internet. In addition, in every other country, specifically my own country, bitcoin is completely free without affecting anything to the government. I am interested in this, even though my country is very backward.
As theres a lot of advantages we can gain from using bitcoin for our daily lives,
some people do it in a wrong way. Some people uses bitcoin to do criminal activities which is against the law.
Also the government wants to get something from it but as it is stands, government cant collect tax from it.
Also if bitcoin is the replacement for flat currency, then the country cant produced money because it is not needed.
some people do it in a wrong way. Some people uses bitcoin to do criminal activities which is against the law.
Also the government wants to get something from it but as it is stands, government cant collect tax from it.
Also if bitcoin is the replacement for flat currency, then the country cant produced money because it is not needed.
Maybe the reason why some countries doesn't support bitcoin is because they always look for the disadvantages in using of bitcoin.
They don't look for the possible benefits that they may get. I think being volatile of bitcoin is the most thing that they hate.
They don't look for the possible benefits that they may get. I think being volatile of bitcoin is the most thing that they hate.
Bitcoin will be hard to accept in countries with traditional and economically controlled systems, they are afraid of change, but in countries that adopt modern systems like Japan and USA it is never afraid of bitcoin development.
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