Why bitcoin is not supported in some countries? - page 64.

BeGoods

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Quote from: Genosx on December 06, 2017, 01:03:48 PM

Since many people in the whole world are not yet educated about bitcoins. Another factor is some countries are not well develop which they cannot afford to accept this kind of opportunity in their country.
Lastly, many people’s consider cash-based system.

Their society is not very well informed about technology and their country does not yet have a good technological civilization. yeah I think that's the main problem why it's still rarely bitcoin users in some countries. imagine the number of bitcoin users in a country that has rapid technology like japan. of course the user is big enough right ?

Janation

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Quote from: retnoanjani on December 07, 2017, 06:35:49 PM

most governments have not legalized bitcoin, and some actually banned it. the reason is almost the same, that is security issues and crimes that may occur due to bitcoin. however, I think some goverments or people still can not accept this digital currency technology, many still consider that this is a scam.

Those people who consider bitcoin a scam currency are ignorant and do not know what really it is. They just run their mouth based on the things they had seen and heard not on the things they have known and experienced.

There is an instance where bitcoin was reported to the public here in our country, the victim was scammed and he is using a digital currency which is bitcoin. I am watching the news and most of the people was having the wrong idea to this currency, they are saying that the online world is so dangerous that we need to be careful, some said that the currency used by the scammers to get the people's money, what they do not know is the man is to blame because he do not know that the project was a scam and I think it was really misunderstood by the people.

fpvlemtmxk

newbie

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I think that the laws are different in each country and the law is still not properly decided on the bit coin, so I do not know exactly. I think there is a little time left until the ban.

tanginamoo

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Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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 countries because they are afraid that bitcoin will be used by the terrorists. Also they are afeaid and doesn't have the enough resources to invest to bitcoin.

thesmallgod

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Bitcoin are not allowed in some country because they considered it as a threat to their economy. they fear that continous rise in the use of economy have negative implication on their banks and other financial institution. since the coin is completely decentralized. government can not tax any users. also there is fear that banks might lose investors as many of them might result in investing and trading the coin which will not favour the country however i believe these country have not evaluate the benefit rather than focusing on the disadvantages.

shata

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Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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

Well, Bitcoin is not yet legal in all countries. Many countries are already accepted Bitcoin as Legitimate cryptocurrency in their country but other countries banned Bitcoin. Because of many illegal transactions on Bitcoin such as Selling and buying of illegal fire arms, drugs, scamming and snatching and also hacking of accounts that are used in Bitcoin. Their goverment was shocked because many people are attracted to the price of Bitcoin and because of attraction, they tend to do evil things.

legok

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because not all countries have fiscal policy associated with the use of bitcoin as a means of payment in each country, depending on the existing governmental policies to address this, it also depends on the value of currency in each country

Miles123

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Bitcoin is not supported in some countries because the governments are not interested on how to used this forum becuase sometimes it's hard to understand this site if you don't have any knowlegde on how to join here. Bitcoin can imporve the economy of a country so it's nice if all people will enter here to sustain there daily needs.

vicvicto17

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Because governments wants to control people's money that's why they hate bitcoin coz it's decentralize they can't control money.

stadus

legendary

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Hhampuz for Campaign management

Quote from: adotrulez on December 07, 2017, 07:06:37 PM

The mere thought of a means of transferring huge amounts of wealth without trace or evidence hence the possibility to fund criminal activities is really scary to most, if not all governments. The flip side of anonymity and decentralisation in my opinion.

The job of the government is to monitor this kind of transactions and I think bitoin is not fully anonymous or untraceable, the government
has the power to do that and they can implement laws to combat this illegal activities.

adotrulez

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The mere thought of a means of transferring huge amounts of wealth without trace or evidence hence the possibility to fund criminal activities is really scary to most, if not all governments. The flip side of anonymity and decentralisation in my opinion.

De Suga09

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Quote from: mr.bitcoinerf11 on December 20, 2016, 09:40:19 AM

my country is not supporting anything like drugs/bitches
bitcoin is accepted as well in my country so

Some other countries are not into the side of bitcoin. They might be fearing that cryptocurrency can affect their economy negatively. This could be because of the anonimity of bitcoin. We cannot identify the direct sender of accounts. Government fear that this can be used to find terrorists and can also make gamblings even easier.

Ourat

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because they are too afraid of the risks to be gained by the community and may also have many impacts caused by bitcoin to a country. I also do not know for sure but the risks that may be feared, bitcoin is a currency that is difficult to control, easy to use fraud, and may also affect the world inverstasi in the country

retnoanjani

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most governments have not legalized bitcoin, and some actually banned it. the reason is almost the same, that is security issues and crimes that may occur due to bitcoin. however, I think some goverments or people still can not accept this digital currency technology, many still consider that this is a scam.

wledgewil

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I believe it happens where earning source for a government is even based on bitcoin and now bitcoin is the top competitor for banks so many countries started banning bitcoin. To be added young stars opting bitcoin mode for illegal activates like purchasing drugs/drinks. This is putting the bitcoin trend negatives sometimes. Even though i strongly believe bit coin is a best platform.

CowboyKiller

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Quote from: ?? on ??

Quote from: reymartH on December 05, 2017, 10:49:46 PM

I think many countries do not like cryptos because of the perception that it makes dodging taxes easier. Aside from that governments are mainly concerned about things like ICOs and cryptos being used for evading capital controls,facilitating money laundering and other crimes.

for me why some countries are not supported the bitcoin its because 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.

It is reasonable for the government. I understand their worries, they can not accept a currency and affect their power as Bitcoin. It is decentralized system, a new concept can change the world in future. Of course, some people will say this concept is not new, but for many people as me, it is new at current!

bcointt

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Fear of losing power and control. Always something new meets with rejection. The state needs control over its citizens. Cryptocurrency can pick up it.

Genosx

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Since many people in the whole world are not yet educated about bitcoins. Another factor is some countries are not well develop which they cannot afford to accept this kind of opportunity in their country.
Lastly, many people’s consider cash-based system.

reymartH

member

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I think many countries do not like cryptos because of the perception that it makes dodging taxes easier. Aside from that governments are mainly concerned about things like ICOs and cryptos being used for evading capital controls,facilitating money laundering and other crimes.

redsuncrypto

newbie

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Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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

Some country afraid of BTC break the rule and financial market, etc. but like drugs, bitches, it'll survive out of the law

Topic: Why bitcoin is not supported in some countries? - page 64. (Read 98470 times)