Topic: Why bitcoin is not supported in some countries? - page 54. (Read 98470 times)
Some governments concern the bad impact of bitcoin. As in America, the case that bitcoin is used by terrorism to ask for payment frighten the us government for security.
Some countries don't support bitcoin because they don't get taxes from it and they recognized it as an illegal way to get money.
They can get taxes out of it, can you imagine the amount of money they can make if they regulate exchanges, the amount that exchanges need to pay, the amount that traders need to pay, the problem is that they will make bitcoin seem as approved and they do not want that, since that will mean that everyone could invest in bitcoin and feel safe they are not going to be scammed since governments will need to begin to regulate exchanges as well. Yes really, Bitcoin is not supported by many countries of the world because many governments are afraid that most of the rich men in control of the finance will be affected. So they declare Bitcoin usage as illegal. They don't want loose the control they have on its citizens.
They are more worried they will not be able to actively monitor our funds like they did with banks. They are scared of decentralisation 
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
I think that some governments are worried about stabilizing their own currency. In my opinion, Bitcoin could partially support current currencies and help each other. Apart from the virtual coin, unemployment is decreasing.
Some countries are just afraid of the potential of bitcoin when it comes to the financial industry. Corruption will definitely be lessen by 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
I think many countries do not accept Bitcoin because the domestic economy is not strong, the reason may be that the government is afraid Bitcoin will change the domestic economy, there may also be many countries are not looking. Accurately understand Bitcoin, but I think in the future Bitcoin will be widely accepted in many countriesThey are not supporting it that much because of the fact that it is not that stable yet and it is against every countries laws to support something that is not that stable.
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
I think many countries do not accept Bitcoin because the domestic economy is not strong, the reason may be that the government is afraid Bitcoin will change the domestic economy, there may also be many countries are not looking. Accurately understand Bitcoin, but I think in the future Bitcoin will be widely accepted in many countries In some countries do not support bitcoin because bitcoin is risky and the government may not want the risk to happen to its citizens because it can cause a person to go bankrupt and lose all the money.
It is because of those scammers, that is the reason why the Government banned bitcoin in some countries, or the Government saying that it is risky. Honestly, we people are the one who is the one to blame, those people who are using bitcoin on illegal deeds so the effect is backfiring on us. It is like we are making our own ghost and getting afraid of 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
I think what's unclear to you is not only why bitcoin is not supported in some countries but a lot of things. First, bitcoin is not going to be supported by all the countries because some of the government are hungry for power and they will not allow a currency to just swoosh in their country and take away their power. Bitcoin is not backed by any commodity (good & services) and it is not issued by any government. That's apparently what they are going to say if they are about to do something against bitcoin. I've never really heard of the country that has declared 6 months of jail for using bitcoin. it's just a currency. There are heavier sins than this. It just makes them look more desperate.
I think it is not fair but nothing in this world is actually fair. Life is unfair.
You shouldn't be doing things if you don't fully understand it. You should have done more research about mining before you do it.
I think some countries did not support bitcoin like in China and Philippines because bitcoin did not register to the any government agency like in Security and Exchange Commission, so that means bitcoin is not legal so when something is not legal the government did not receive any tax so they did not want bitcoin. And I think bitcoin can affect the flow of our goods and flow of our money. And worst is insecurity because bitcoin help all people who are willing to earn that is the thing that government that biggest challenge.
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 the reasons why some countries not supported bitcoin because of less paying taxes, economy will might slow. Anyway, government has some rules to follow thats why they will not giving their support into bitcoin.I think as long as you have internet connection you can use bitcoin anywhere. You know the government will never legalize bitcoin but that does not mean btcoin is not support in all countries
Maybe they not support bitcoin in some countries because the people who are in country is lack of information about bitcoin so they didn't know what it is and what can do the bitcoin and also proper education is really need to start bitcoin if the government will against the bitcoin because bitcoin is very risky they will not support it unless if they found out that the bitcoin has a many advantages
In some countries do not support bitcoin because bitcoin is risky and the government may not want the risk to happen to its citizens because it can cause a person to go bankrupt and lose all the money.
Different country different interpretation if they don't support bitcoin may be is not a time to pusue what was our thinking is because that is their interpretation but for Us bitcoin now is more and more popularity as digital currency.
Proper education is the key so that people will start using bitcoin. I think those people who are against bitcoin are the ones who want to take control. They may have hidden agenda or objective that will benefit their own business or personal needs.
Yes really, Bitcoin is not supported by many countries of the world because many governments are afraid that most of the rich men in control of the finance will be affected. So they declare Bitcoin usage as illegal. They don't want loose the control they have on its citizens.
Yeah , if you're being too good, you will be threat by others. 
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
I think some country didn't supported bitcoin because they all know that bitcoin for now is not legalized worldwide so they wait other country to approve it and when they are united it can be supported worldwide. Others think this is a scam because they can't believe that we can earn to it and they didn't know the process here.
Yes really, Bitcoin is not supported by many countries of the world because many governments are afraid that most of the rich men in control of the finance will be affected. So they declare Bitcoin usage as illegal. They don't want loose the control they have on its citizens.
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
I think Some of those countries government are afraid of Bitcoin growth, one thing can happen that those government are highly motivated to not use Bitcoin because of decentralization of the money. I am sure that any government would not do this, they need a system where they can control and regulate when they want, I think that can be one of the reasons not providing any support using Bitcoin.But the scenario is changing day by day people and many countries are collecting and getting engaged in this system.
Bitcoin don't support some country due to the prohibited of Bitcoin on that country. How can you support a country that never give you a chance to stand on their lane ?
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