Topic: Why bitcoin is not supported in some countries? - page 8. (Read 98470 times)
Any government can pass a bill in the assembly and make the law lawful in their country. All this is because of these corrupt politicians. Once upon a time we were a good politician around the world.
Because these countries like to have control over what their people do with their money. It's all about regulation to them.
Exactly! They don't like bitcoin because they know that it would be hard for them to find out who is the person not paying the right tax as bitcoin is anonymous, they don't like this kind of opportunity because they think that it is a threat to the countries market. 
Because these countries like to have control over what their people do with their money. It's all about regulation to them.
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
Every government that declining Bitcoin in their country have different reasons, maybe it is for their own good. With regards to your question about how these countries are doing these it is helpful to read some articles and news of their country about cryptocurrency. After that analyze the characteristics of their country making bucking not supported. Just like what I heard from my friends, some countries cannot support morning because of bills issues.
bitcoin is a cypto currency that is acceptable all over the world, which is working perfectly online transaction and at the end of the day, it can be converted to physical cash through a bank transaction, secondly bitcoin transaction or business, really need educated person that can understand that, they are what we called virtual money that can be control, which is simply known as digital money. for a better understanding of the digital money is to go for knowledge, like wise some country that not believed on bitcoin existing need the knowledge too. bitcoin is real.
bitcoin cannot controlled by government. every country has different money policy so we can see different rules. and i think they do not realize the benefits of bitcoin. many peoples use bitcoin because it doesn't have tax. currently they don't know the importance of bitcoin. some countries don't know how profitable bitcoin is.
Those countries have old people in government or they are just don't know what bitcoin is. Someday bitcoin would be accepted everywhere because of very useful blockchain system.
Some country of the world hasn't support it simple because,bitcoin is yet to have base,no government is in charge, no country rule over it.
Because those countries are usually under hard government restrictions and they won't to stay in the maximum control as they can. You don't see any "normal" government (that isn't close to communism) banning bitcoin?
For just one main reason, some countries do not want to support bitcoin because there are people who uses it as scam, to outweigh others.
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
can actually support may still consider all aspects that support bitcoin can be used by the state and we also know bitcoin that knows only some people or certain groups so that maybe the government is less support because it can not be accessed by all layers of people
Unlike other conventional currencies controlled by the government, major banks or investment funds, Bitcoin is regulated by private investors. You can access Bitcoin from anywhere connected to the internet, through the exchange, purchase or sale of products or services, although most people use Bitcoin as an investment. Why do people want to own Bitcoin? Why should there be an alternative currency? The real purpose of Bitcoin is to engage in nefarious activities such as money laundering and tax evasion. "
Some third world countries don't have an active effect of bitcoin in the transaction within their region, yet they claim they cant afford their populace to adopt it. The fear for the coin worries me a times. Why the fear to make life easier with technology.
In some countries it is not supported because they do not know about the importance of bitcoin. For example in my country Pakistan bitcoin is used very well and the government is neutral to it and a number of companies like blockchain tech are very active in its promotion and adoption all over the country but government is not helping in that matter the reason is that the rulers are not well educated in technology.
The misconception about bitcoin and cryptocurrencies generally speaking is one of the reason. The fear of an unknow system
Yes, that is the reason why some countries doesnt accept btc. They dont trust it because they dont know what crypto means and hoe does it work and help the users. They dont know exactly what are the benefits of bitcoin to us.
all country want reputation her country money. her own policies that use or disuse. but i guess as soon as accept btc her own currency because btc give good profit.
I think bitcoin is not supported in
some countries because they do
not realize the many benefits of it.
And I think they are afraid that their
government will be affected if many
people will use this because it doesn't
have a tax.
some countries because they do
not realize the many benefits of it.
And I think they are afraid that their
government will be affected if many
people will use this because it doesn't
have a tax.
Bitcoin still has a bad reputation in some countries and there are other countries that deprive their people of freedom and want to control everything. Bitcoin is therefore a danger for them, which is a pity... But we can hope that mentalities continue to evolve in the right direction...
because different countries different their rules prohibit the existence of bitcoin because they are afraid of the existence of bitcoin and remove their country's currency can also be called money laundering
because bitcoin allows it can be used to fund terrorism acts and delivery systems outside the country in free bitcoins
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