Maybe because its really hard to monitor the bitcoin, and some people use it in illegal transactions like buying drugs and unlicensed firearms, and for security reasons, nowadays, there are many hackers, they afraid to that, and the value of bitcoin, they know that its not stable yet.
I think its because of the government of the country. Because government cant control the bitcoin, and because of that they're scared that bitcoin might be greater than the bank in the future. They dont supported bitcoin because bitcoin is volatile, its hard to know what will be the price of bitcoin, bitcoin can be use in any transaction without third party, means no bank, no fee deducted for the services, bitcoin can use to buy illegal drugs and anything illegal, anonymously. They only see the bad about bitcoin, thats why they dont support bitcoin. 
Topic: Why bitcoin is not supported in some countries? - page 6. (Read 98470 times)
Bitcoin is not valid and not supported by many governments in their countries. It is because transactions are anonymous and they fear money laundering. Also anti national terror funding is also reason for fear.
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Maybe because its really hard to monitor the bitcoin, and some people use it in illegal transactions like buying drugs and unlicensed firearms, and for security reasons, nowadays, there are many hackers, they afraid to that, and the value of bitcoin, they know that its not stable yet.
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 see that bitcoin is not supported in sone countries because every country has a laws that need to follow. I think the bitcoin is illegal on their country. Or in other way they not supported it because they are not really knowledgeable what are the benefits that tgey cab in bitcoin. But we need to respect them and obey there rules for sake of our safety.
Even fiat who are centralized we can see it is being used for illegal activities also, if you compared it with bitcoin it is still fiat that is widely use for illegal activities. The money laundering was created to combat this kind of activity and it was imposed with banks to monitor cash it and cash out that are not justifiable or questionable, so that fact alone would prove that fiat are more used in illegal activities.
think the security factor is the right reason. The security of bitcoin is considered not good by some governments, it is because potentially used for illegal activities Like example money laundering, etc. and is considered at times can be hacked. No controls make the government doubt the security of bitcoin. Bitcoin will indeed disrupt economic.
Different nations communicates that they won't bolster bitcoin. Notwithstanding, individuals living in that specific nation has done bitcoin speculation. Some of them put stock in bitcoin in light of the fact that they have involvement and ready to see how bitcoin functions and how they can gain through it. It is only a nation warning to their constituents yet at the same time the flexibility to put resources into bitcoin isn't being denied. In any case we could do online exchanges these days and we could likewise purchase bitcoin from opposite side of the world. Same as with offering bitcoin around the sides of the world should be possible through on the web. What's more, in the event that you are geek about the online exchanges at that point putting resources into bitcoin with the nations forbidden on doing it isn't an obstacle to contribute bitcoin.
I think the problem of decentralization can be dealt with and may not be acceptable, but to understand that it is not a statutory fact, we need to understand this, it is not a legal currency, and there is a huge difference between statutes and decrees. . In addition, because each currency is used for illegal activities, the accusation against BTC is not fair. Governments should treat Bitcoin correctly instead of opposing it
It is not supported by other countries because other countries use it in illegal activities such as money laundering and illegal drugs. Another reason is that it is decentralized, which means that they cannot control it.
Crypto currency is a very revolutionary new kind of financial settlements, which is perceived by many states if not hostile, then with disbelief. For the state, crypto currency is very inconvenient in the sense that it can not be controlled. It is capable, without any accounting and control, of withdrawing any funds from the territory of any state, and this is highly displeasing to the states. In addition, any profit from financial transactions in any state is subject to taxation, and transactions in the use of crypto currency are very difficult to take into account and tax. Even these two moments are for any government a very big obstacle in the use of crypto currency.
Well, that is because bitcoin is a decentralized system, so no other person can control over it and its just between you and your peers. Therefore that is one of the reason why government doesn't adopt bitcoin because they can't gain control on bitcoin and in the first place they think bitcoin is prone to criminality because its transaction is always been anonymous.
Crypto currency is a very revolutionary new kind of financial settlements, which is perceived by many states if not hostile, then with disbelief. For the state, crypto currency is very inconvenient in the sense that it can not be controlled. It is capable, without any accounting and control, of withdrawing any funds from the territory of any state, and this is highly displeasing to the states. In addition, any profit from financial transactions in any state is subject to taxation, and transactions in the use of crypto currency are very difficult to take into account and tax. Even these two moments are for any government a very big obstacle in the use of crypto currency.
You mean banned? In our country bitcoin is not supported but it is not ban so I can still participate in any bitcoin activities not like in other country they cannot participate (e.g. Signature) we do notcexactly know the reason, what matter most is to continue supporting bitcoin.
The other reasons why some countries are not supporting the bitcoin currency because of the scam issues, or they think bitcoin has a illegal activities behind and the other reason is the highly risk investments.
other countries do not support bitcoin because they think it's just a scam and they fear that everyone is in bitcoin life expectancy.
I have heard that bitcoin does not accept it at many countries. There may be many reasons for not accepting. Many countries do not have a good kind of cryptocurrency. And for most of the underdeveloped countries, this is the bitcoin's ambiguous. Many people use this bitcoin badly. For many countries this bitcoin has been called bad.
Bitcoin has really good advantages to us, regular salary man.
But to government, they think the benefits of country. If the government can get a part of it, why should they approved using it?
I think thats why most of the country does not approve using of bitcoin.
But for those government official that wants to hide their assets value, bitcoin is the great idea to invest, as we all know that you can hide your identity there.
But to government, they think the benefits of country. If the government can get a part of it, why should they approved using it?
I think thats why most of the country does not approve using of bitcoin.
But for those government official that wants to hide their assets value, bitcoin is the great idea to invest, as we all know that you can hide your identity there.
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.
This is mostly the reasons. It is hard to trust really for the government with something so trivial and something that they can't regulate in their point of view. Though good example for this is Russia which banned Bitcoin and other cryptocurrencies but look at them now who is recognizing and legalizing Bitcoin like Japan because they see the potential and can truly help them in the financial crisis they have been facing. I hope that other countries my see it as well.
why bitcoin is not supported in some country; Different country with different ideology, culture, norms,law and men intellectual will not allow bitcoin to stay because of different ideology. level of thinking of diffent country affect the level of people.
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