Topic: Why bitcoin is not supported in some countries? - page 60. (Read 98470 times)
Perhaps everyone's assumption about bitcoin is different and sometimes bad assumption is more dominant among the public who do not know about bitcoin completely.
That doesn't have to do anything with risk. The reason why - because every country has an economical system and every goverment wants to control this system completely. With crypto they can't to that at all. This lose of control is unacceptable for most of goverments.
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.
I think the best reason behind this why bitcoin is not supported in some countries is they are not yet well develop to adopt all changes happening.
Many countries in the whole world are not technological advanced which is a one of the thing should consider in establishing a electronic banking in once country.
Many countries in the whole world are not technological advanced which is a one of the thing should consider in establishing a electronic banking in once country.
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
People says bitcoin is a bubble while I don't believe so, in a fact I think BTC is likely bonds of new era.
It is just because there are still countries where there is no stable internet connection, even electricity. They just don't need BTC on their stage of public evolution
there are some factors many government are not considering because in some countries people are using bitcoin for illegal activities.
In my country they are afraid of it, they have no control over it and are worriedabout the possible damages it can cause to their economy.
In my country they are afraid of it, they have no control over it and are worriedabout the possible damages it can cause to their economy.
so is bitcoin because it is great to help people but there are countries where they do not support bitcoin maybe it will be difficult for them to get a tax here
Most countries do not support bitcoin because they do not recognize it as part of their acceptable monies hence anybody can use it freely as they see it to be of no value.
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 guess there are still countries who are reluctant about the whole idea of bitcoin because they fear about the outcome for implementing bitcoin in their respective countries. Some countries also sees bitcoin as a threat to their economy and for the people to no longer apply for big companies and factories because they have another means of earning money.
Actually some countries they are thinking that bitcoin is a threat to their ecomomy, that's they became negative into it. But if they approximately going to be right of admission minded nearly it, surely it will improvement their economy on the other hand.
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 guess there are still countries who are reluctant about the whole idea of bitcoin because they fear about the outcome for implementing bitcoin in their respective countries. Some countries also sees bitcoin as a threat to their economy and for the people to no longer apply for big companies and factories because they have another means of earning money.
since BTC is something relatiively new and by this I mean that not ever before have so many people around the globe been intrested in it and start using cryptocoins,many countries do not know how to manage it in a legal and financial way. Many maybe consider it a good way for money laundry and want to block such actions. Others have no clue of the thing and do not want it to take control of the market before the govs become experts themselves. An other reason may be...the Banks. With BTC you have no need of the banks, unless you have a good amount of btc and want to cash out, but, ig btc is the future as many hope and believe, the way it works leaves the banks in the outside, only fees in exchanges on the internet are gaining. So the banking system as it is now, would really hate if all the transactions are made in btc cause money loses all its value and so do banks.
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 guess there are still countries who are reluctant about the whole idea of bitcoin because they fear about the outcome for implementing bitcoin in their respective countries. Some countries also sees bitcoin as a threat to their economy and for the people to no longer apply for big companies and factories because they have another means of earning money.
Those countries that do not support bitcoin are more concerned about their economy to go down. Since bitcoin is users are unidentified, it will be hard for the government to run after for the tax. If most of the citizen are using bitcoin, then their economy will really starts to go down, unless all are honest about their declaration of bitcoin.
because most of the other countries do not need bitcoin because they have their own businesses.
Countries fearing that Bitcoin will make their economy go down because most of them are almost unlucky with bitcoins so bitcoins do not support them because they do not seriously take bitcoin
Maybe because those countries do not want to control them. It is difficult to control bitcoin. Maybe the criminals in that country are growing. And bitcoin helps crime groups quickly launder money,
That is not the reason I think, bitcoin is just a system and as long as the government has the tool to regulate bitcoin then they can easilycombat illegal activities taking advantage on the system of bitcoin. If big countries has the ability to regulate bitcoin then I think it's also doable with some countries even if it's a small country, the government need to understand bitcoin first before they judge.
Maybe because those countries do not want to control them. It is difficult to control bitcoin. Maybe the criminals in that country are growing. And bitcoin helps crime groups quickly launder money,
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
Bitcoin is not supported in some country because they look at it just like a gambling or scam. They don't know what is the advantage of bitcoin they only look the disadvantage of it. But for me if we will let them to know all the information of bitcoin or tell them the process on it, if they know that bitcoin can help many people they will approve it and it can be legal worldwide.
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