Topic: Why bitcoin is not supported in some countries? - page 61. (Read 98470 times)
I think it's not about not supported.. it's because some people dont know about crypto .. event government doest know about this and the lawyer.. they only hear bitcoin but they dont know how to use it or what it is .. but i heard there's country that banned bitcoin .. but i think bitcoin can step other company so they ban it..
They are afraid of being bitcon more popular than fiat money of country. Also they cant control crypto that's why they do that.
Many countries are feeling the bitcoin hindering the development of their country, for example, in the case of china a few months ago china had to ban bitcoin in their country and shut down many altcoin exchanges here.
I have heard about bitcoin that was being banned by other countries. Think about of it. Why other country banned bitcoin? Why bitcoin are not supported in some countries? I think the main reason why butcoin is not supported in Some countries becauae they think that it is risky. For them, bitcoin can affect their economy to fall down. They think that bitcoin is a illegal activities.But Some countries don't know that bitcoin have advantages and benefits that you can get. Bitcoin serve as job for us so that we can earn an extra income and we can save it for our future. Some countries think that it is too dangerous and bitcoin is not their priority. They have their own way to to earn money why did not support bitcoin.
I think because their government dont allow it to their country, it because bitcoin is decentralized so it cannot control by any one even them. Also they think it illegal and can use in crime that they cannot trace by authority.
I guess they dont support bitcoin since it may be use for illegal activities. And one important thing also is that they dont have yet enough knowlwdge what bitcoin really is.
Bitcoins do not really help us as what people say, it's really risky and help the bad money so that's why many countries ban it.
I think it is not supported because other countries does not use internet as a payments, other country thinks it would affecr their paper bill and more upper ranks would use it to scam their people. You can not get tax from it.
bitcoin is not supported in some countries maybe because they dont have much research about this virtual currency. they take it as a scam or just a risk for their current paper money. as it can substitute their paper money. and their paper money will have no value anymore.
I think bitcoin is banned or illegal to other countries due to the possibility of devastating the economy of that country. Due to the fast relay of money in the bitcoin. Earning a fast money by posting and doing things in the internet is bad for the economy of one country.
If we look to the broader side, there are some countries that only tends to follow the global trend of developed countries. If majority of developed countries said no, developing countries as followers will say no too. Unsupported doesn't mean the state doesn't allow it, but the state refused responsibility for the use bitcoin every citizen.
I guess those countries that doesn't want to be open minded about innovation is a country that can't foresee the future. I think Bitcoin would really unlock potential when applied everywhere. They are scared of people abusing it but it can't be abused in some cases, just how they are spent I guess.
Governments fear bitcoin as they face huge loss in tax revenues. They also suffer loss in transaction fees due to transactions done through bitcoins. They think that illegal money is easily sent to their countries from abroad through bitcoins.
I have heard about bitcoin that was being banned by other countries. Think about of it. Why other country banned bitcoin? Why bitcoin are not supported in some countries? I think the main reason why butcoin is not supported in Some countries becauae they think that it is risky. For them, bitcoin can affect their economy to fall down. They think that bitcoin is a illegal activities.But Some countries don't know that bitcoin have advantages and benefits that you can get. Bitcoin serve as job for us so that we can earn an extra income and we can save it for our future. Some countries think that it is too dangerous and bitcoin is not their priority. They have their own way to to earn money why did not support bitcoin.
I agree with you.
maybe what the government thinks in a country that rejects bitcoin is able to destroy its country. And most of the country does not understand what bitcoin is and can only resist bitcoin on an unclear basis.
The government are the most intelligent group of the country, they can manipulate people the way they want to and they can make things depending on what they want it, also they all have power. If the government rejects bitcoin, it is clear that it will be having a great effect in the country's economy in the future. Think of it, if bitcoin is used by almost of the population of that country, it is decentralized and volatile so the government will be having a hard time to maintain their economy with it. So the result is that country will surely depend their economy to the price changing of the digital currency, so imagine a country's economy that is so volatile like bitcoin, that will be the worse don't you think?
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 the reason why some country not supported the bitcoin its because of the anonymity, that 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.
I have heard about bitcoin that was being banned by other countries. Think about of it. Why other country banned bitcoin? Why bitcoin are not supported in some countries? I think the main reason why butcoin is not supported in Some countries becauae they think that it is risky. For them, bitcoin can affect their economy to fall down. They think that bitcoin is a illegal activities.But Some countries don't know that bitcoin have advantages and benefits that you can get. Bitcoin serve as job for us so that we can earn an extra income and we can save it for our future. Some countries think that it is too dangerous and bitcoin is not their priority. They have their own way to to earn money why did not support bitcoin.
I agree with you.
maybe what the government thinks in a country that rejects bitcoin is able to destroy its country. And most of the country does not understand what bitcoin is and can only resist bitcoin on an unclear basis.
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
They are afraid of innovation. They are afraid that bitcoin can be used by the terrorists to conquer their country. Also they didn't have the courage to take risk of their resources to earn. I think because it is not internationally recognized and some countries think it is a fake coin and just a bubble will go away with time
I do not know why can you said that but bitcoin is really popular in many countries today. It was triggered by the volatility of bitcoin, well, who will not be attracted to the quick or fast changing of the price and with a short period of time, you can see your profit without any hard work but I think you just need to a lot of patience. Bitcoin is the original digital currency, people will not be taking it as a fake coin unless that individual do not know what a digital currency is. They are talking about bitcoin but the truth is, did not even know what really is it and what is the purpose of this currency. Also, bitcoin may be bubble, but I think it is a bubble that will not be popped soon.
countries that do not accept bitcoin may have different policies, I think bitcoin is good for all countries in the world, because bitcoin is a good digital asset and can improve a country's economy
I have heard about bitcoin that was being banned by other countries. Think about of it. Why other country banned bitcoin? Why bitcoin are not supported in some countries? I think the main reason why butcoin is not supported in Some countries becauae they think that it is risky. For them, bitcoin can affect their economy to fall down. They think that bitcoin is a illegal activities.But Some countries don't know that bitcoin have advantages and benefits that you can get. Bitcoin serve as job for us so that we can earn an extra income and we can save it for our future. Some countries think that it is too dangerous and bitcoin is not their priority. They have their own way to to earn money why did not support bitcoin.
I think because it is not internationally recognized and some countries think it is a fake coin and just a bubble will go away with time
It is obviously internationally recognized. Most of the government thinks that if people get enough permission to use btc within their monetary system, people will have almost every control and authority will loose control over the public's asset. BTC is also volatile and dangerous too. If you do not know what you are doing
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