Topic: Why bitcoin is not supported in some countries? - page 74. (Read 98470 times)
bitcoin is not a topic that is easily understood. to regulate its usage you need to understand it. mostly country only allow what they can tax.
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 it is not supported because every country have different laws that need to obey. Also, bitcoin is not legal in many countries because they did not completely know what really bitcoin is. they are in process of studying it and discovers what is the advantages and profits of bitcoin has.
But the fact, they using Bitcoin meaning they accept lose their profits through this currency, because the government can not manage Bitcoin system.
Finally, the business will using Bitcoin to evade tax
nowadays many countries are banning bitcoin and As my opinion, due to criminality are increasing more than before due to bitcoin cause supid people like them, use bitcoin for doing bad kind of work & activities and besides bitcoin kill income tax. Thus a county face economical problem and so government trying to provide it and they banned bitcoin to solve this problem
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 it is not supported because every country have different laws that need to obey. Also, bitcoin is not legal in many countries because they did not completely know what really bitcoin is. they are in process of studying it and discovers what is the advantages and profits of bitcoin has.
Because in some countries it is not legalized, government has to give permission to operate bitcoin.
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 they said that bitcoin is only a fraud govermemt banned the bitcoin is because bitcoin is digital currency that have a potential to replace a fiat money without any fees and bitcoin can replace the bank so the goverment got panic.
Maybe because in bitcoin, you don't have to pay for the tax or any other government fees. And I think their government is concerned with the effect of bitcoin to their economy.
Bitcoin is not backed in certain countries because:*They think bitcoin is illegal*Mistreated by criminals-Will not help their economy*Can reduce their profits in banking institutions*They cannot control it
Their countries , their laws. It really depends on your definition for not supported too . If we speak about banning then as far as I know I don't think there is a country that actually banned bitcoin , at least nothing official and If there is then Its related to the banking system with one way or another . If its about the lack of usability in ATMs , local shops then there are plenty of countries and It takes time as some countries have more priorities .
True, because it is their defense mechanism to stop something of unknown origin that may affect their society, culture and economy. Some countries think bitcoin as a threat and its anonymity is something common to question specially by the leaders of a respective nation. Though I think it would only a matter of time before it is become legalized and accepted worldwide I think what we are witnessing now is maybe like an observation period for bitcoin and other cryptocurrencies.
You are not right.
Bitcoin supported everywere were we can change it on something else... cash, products, house, etc.
So bitcoin supported there were we have internet connection and people who use it.
Bitcoin supported everywere were we can change it on something else... cash, products, house, etc.
So bitcoin supported there were we have internet connection and people who use it.
Some countries do not see the potential of bitcoin in changing one's economy, because they do not know bitcoin entirely and how does it work. In some countries, maybe they experienced some problems in using bitcoin so they have stopped using it and don't support it anymore. Maybe some countries are afraid to make a change in their economy and they are afraid people will use more bitcoin than fiat, which can happen in the near future.
Some countries are afraid of bitcoin because it will cause some illegal actions such as laundering black money, purchase of drugs and weapons, illegal money transference to foreign countries. Beside that the government will lose taxes from bitcoin transactions because bitcoin is decentralized and is not controlled by financial offices of government.
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 other countries because bitcoin cannot controlled by their government. Instead their people will invest in banks or other tangible business, they will rather invest in bitcoin. If that happen, the possible income of the government through their tax will decrease. But putting in jail because of using bitcoin is not fair. I guess using bitcoin should not be considered as criminal action. It rather be considered as a tool in helping people to increase their income. I hope those country will see the brighter side of bitcoin.
Bitcoin is not supported in some countries the reason bitcoin better for today not for future
if you think why i m says that??
my opinion,anyone can't say about bitcoin future... or acceptable some country already banded bitcoin.
Is it because bitcoin is risky but not for today
even Some countries declare 6 months jail if her people use bitcoin..it's true news.
it don't fair for freedom countries .
from my personal opinion you don't get any clear news about bitcoin future .
if you think why i m says that??
my opinion,anyone can't say about bitcoin future... or acceptable some country already banded bitcoin.
Is it because bitcoin is risky but not for today
even Some countries declare 6 months jail if her people use bitcoin..it's true news.
it don't fair for freedom countries .
from my personal opinion you don't get any clear news about bitcoin future .
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 that’s why some country didn’t support bitcoins. Luckily to other country who were supporting about bitcoin, they really recognizing and legalizing Bitcoin because they see its potential and can truly help them in the financial crisis. I just hope that other countries may see it as well and think about what can bitcoin contribute to their society especially to its country.
perhaps because it makes its citizens lazy to work using muscles and fear more focus in front of the screen to get the money that he thinks bitcoin play easier to achieve success. 
I am very upset because Bitcoin is not legal in my country.I
want to allways Bitcoin support in my country.I hope One day Bitcoin support my country.
Bitcoin Have many issue for not supporting bitcoin,
cause every country want reputation her country money also her own policies that use. And govt can't take any risk.
want to allways Bitcoin support in my country.I hope One day Bitcoin support my country.
Bitcoin Have many issue for not supporting bitcoin,
cause every country want reputation her country money also her own policies that use. And govt can't take any risk.
There are a lot of reasons why such country doesn't support Bitcoin. As I see it, The people of the Government see that the legality of Bitcoin could be a hindrance for them. Why? Government officials are subject to disclose their assets in public which will be a threat for them. The improper declaration of their assets could cost them there position. Even though, The legalization of Bitcoin should be in favor for them. But not all Government officials are into the cryptocurrencies in which they will set that regulates the transaction of each and every one in that country. Stating that, Those Government officials who are preventing the legality of Bitcoin know the consequences once the law is passed and started to be regulated.
Some countries don't allow bitcoin because they are afraid,
because they think that if all people use bitcoin it might affect the government and the society.
Countries do not trust bitcoin because they think it is just an scam and it will lead the people into destruction but it is not true.
because they think that if all people use bitcoin it might affect the government and the society.
Countries do not trust bitcoin because they think it is just an scam and it will lead the people into destruction but it is not true.
because this is a new one in the history of human life.
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