Topic: Why bitcoin is not supported in some countries? - page 58. (Read 98470 times)
Governments and banks were always connected to each other. They are both afraid of losing control of money. No wonder why. Governments would be no longer able to print additional money whenever they wanted. Bitcoins allows you to store your money on your own, that's one of the most important bank features. I don't want to use them anymore because I don't need to.
bitcoin is not supported in some countries, aside for one line transaction and your money will be lost, some countries are not supported bitcoin because they are accusing that this bitcoin is a cause of money laundering and they can't get tax of it.
The most basic reason behind all this is that the government of those countries is not willing to accept bitcoin and that is why they are banning the usage of bitcoin in their countries. It is just a matter of time and thing will be resolves in the next coming days as there is nothing more beneficial than that of bitcoin in the present world. Bitcoin will keep on making better reputation in the future.
Why bitcoin is not accepted in some country is that they have never endure the bitcoin or they may think that bitcoin will overthrow their local currency. but i may gloss that in most of those countries may be thay have not internet association. they pretension some to crack it beside to their accord.
Some countries do not know bitcoin. Especially the government itself. What they knew is that many people in their country earn from it without paying tax, with these, possibly on their own side and perspective, this will have an effect of abnormalities in the economy and will form part to underground economy.
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
Actually each country have their own policy maybe the government are concerned will many wiping the money or commonly known as money laundering. fair or not that's what we have to face because until now the existence of bitcoin is still not recognized.I don't agree with this kind of opinion, giving a strict rule on cryptocurrency doesn't seem like preventing anything it's even the worst way to do it.
Don't you know that Bitcoin is actually similar with the Internet, both do change the way we do things as the Internet changes the way we give information so does Bitcoin change the way we send money. So as you can see, the Internet goes well without any prohibition from the government. And when they really do prohibit the use of it things get really messy.
The point is, both these things are really powerful. So instead of prohibiting the people to use it why don't they (the government) make another rule which has to makes more sense to educate their people to get ready for using these things.
Maybe some countries that do not support bitcoin because they do not have good internet connection, still illegal activity, create new type of criminality activities,etc. Those negative activities make the government think hard to support bitcoin or not. But bitcoin still remain strong because many countries already to support it.
Some countries do not recognize bitcoins as currency, because they do not have the rules for this. Perhaps they lack new opportunities to improve the financial system. They are already satisfied with what they have now, or think that their economy will be destroyed.
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
because bitcoin have one line transaction . if any problem happen you will lost your money.
this is the main reason why bitcoin not supported.
I Think they don't support bitcoin because they believe that bitcoin can't be controlled or taxed and also they believe that bitcoin could be used for illegal actions that would increase crime rate
Perhaps some conservative nations believe that accrediting btc will increase the level of crime, they do not trust the security of btc. And with the idea of recognizing btc, it will affect the country's finances and especially the currency price, without thinking that btc will diversify its way of doing business in the cooperative economy.
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
Actually each country have their own policy maybe the government are concerned will many wiping the money or commonly known as money laundering. fair or not that's what we have to face because until now the existence of bitcoin is still not recognized.I don't agree with this kind of opinion, giving a strict rule on cryptocurrency doesn't seem like preventing anything it's even the worst way to do it.
Don't you know that Bitcoin is actually similar with the Internet, both do change the way we do things as the Internet changes the way we give information so does Bitcoin change the way we send money. So as you can see, the Internet goes well without any prohibition from the government. And when they really do prohibit the use of it things get really messy.
The point is, both these things are really powerful. So instead of prohibiting the people to use it why don't they (the government) make another rule which has to makes more sense to educate their people to get ready for using these things.
cause govt dont support it , they actually dont trust this , if they support and people can harassed by bitcoin then people will be complain about govt thats why some countrys dont support.
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
Coz we all know that many people that they dont know what bitcoin is they think that bitcoin is for illegal transaction and illegal activity especially the government they dont know the true value of bitcoin, or they afraid that they cannot control the bitcoin and the bitcoin doesnt have taxes to pay.. 
As each coin has two sides, bitcoin being too advantageous has few limitations and because of which some countries are not supporting BTC. First of all the reason for not being centralized is it's not under the control of government because of which it leads to several illegal activities like terrorism and others and moreover there is little fear to the government for BTC that if it BTC would come in their country then it can vanish the current ongoing currency and it may lead to the loss to them, this might be one of the cause for not supporting BTC.
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
Actually each country have their own policy maybe the government are concerned will many wiping the money or commonly known as money laundering. fair or not that's what we have to face because until now the existence of bitcoin is still not recognized.They don't support bitcoin because most countries fear that someday bitcoin replaces regular money, and bitcoin can't be controlled and impose tax on it and afraid that taxation would be really be affected because of bitcoin it might increase the hidden transactions on doing illegal things.
well... if there is someday a government sponsored blockchain or any other projet secretly running for a government, I think there will be backdoors and stuff to make sure it can be tempered with
is that so impossible ?
Because most countries fear that someday bitcoin replaces regular money, this makes a lot of banned bitcoin countries that inhibit the development of bitcoin, but the fact is bitcoin still exist and prices continue to rise.
Recently I heard that some countries bitcoin is not supported. But why. This reason is unclear to me. I can't understand why thay don't use bitcoin in tgeir county. I also heard that some people don't understand how much important bitcoin in our economy. If the bitcoin service are probided increasingly then I think bitcoin also support in all county.
They do not have the tools to regulate bitcoin, if other countries were able to regulate bitcoin then it's not impossible for them to do it.Maybe it will take time until they will support bitcoin and that time when they realize that bitcoin help the economy to progress.
Its sad to know that some of countries bitcoin are being banned or they not supported. But somehow its not too early to say that bitcoin will become legal to those countries. I believe, the government have the reasons, if it is positive or negative reasons we all respect it. And i know, soon they will see the advantages and good effects of bitcoin or we can call it digital money in their country and to people specially.
Bitcoin is not supported in some countries because they are accusing bitcoin as a cause of money laundering and they can not get tax with bitcoin
as of right now, it is difficult in most countries to buy stuff directly in bitcoins, people tend to hodl or convert in fiat, so government should not worry about getting theirs taxes. but that will change as bitcoin/altcoins can be used directly to pay for goods or services
Jump to: