Topic: Why bitcoin is not supported in some countries? - page 80. (Read 98470 times)
I think every country has a law that is not the same as other countries. there is a country that supports this bitcoin, there is also a country that unsupport this bitcoin. there are countries that provide a statement that bitcoin can be used for online transactions. there are also countries that banning the bitcoin or giving a statement that bitcoin is not the real money. so every country has different laws and rules.
Every country has a strict rule of law, their are several factor why government banning bitcoin in their homeland.
Money Laundering is one of their concern because they can't control the money if bitcoin will use in the future.
aside from that government won't get any money from their citizen or getting some taxes that why they are
very strict in bitcoin.
Money Laundering is one of their concern because they can't control the money if bitcoin will use in the future.
aside from that government won't get any money from their citizen or getting some taxes that why they are
very strict in bitcoin.
I agree, every country has different rules that must be obeyed and every country that doesn't support bitcoin have an opinion why they ban bitcoin and not to mention poor internet access.
It is not that they support it, they just don't recognize it because they haven't seen it's potential yet.
Every country has a strict rule of law, their are several factor why government banning bitcoin in their homeland.
Money Laundering is one of their concern because they can't control the money if bitcoin will use in the future.
aside from that government won't get any money from their citizen or getting some taxes that why they are
very strict in bitcoin.
Money Laundering is one of their concern because they can't control the money if bitcoin will use in the future.
aside from that government won't get any money from their citizen or getting some taxes that why they are
very strict in bitcoin.
I agree, every country has different rules that must be obeyed and every country that doesn't support bitcoin have an opinion why they ban bitcoin and not to mention poor internet access.
Of course because of internet access, we all know that not all countries have good internet access, even in africa countries internet usage is still very low ie under 5%.
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
Their are many countries that didn't support bitcoin or has stop supporting bitcoin.
With regards to reasons, their are plenty of reasons why they are doing it.
Most common reason is that bitcoin is being use by some people to scam others which really hurt the good reputation of bitcoin.
- However, I believe that someday, when Bitcoin became popular and developed, they will accept support Bitcoin because although bitcoin may be a tool for carrying out illegal activities but investing in it will bring a huge profit, this will improve the lives of many people, and from there, the economy of the country will develop, if they do not accept support it, their economic development will slow more than other countries, they will not want this to happen
These nations around the world will not acknowledge the Bitcoin simply because of the rules they have in that region.But I feel that these international locations will at some point support the Bitcoin since many other international locations settle for it. And maybe they have to see how great the Bitcoin is to change their brain
Most countries of the world took a great interest to invest the Bitcoin. I am totally agree with your conversation that Bitcoin at many international locations support in a good manner. Yeah some countries which are not supported Bitcoin; it thinks they have lack of knowledge about Bitcoin. Soon they will acknowledge that their decision is wrong and they too support Bitcoin.
Because some countries scared many people use Bitcoin to launder money, banks not control Bitcoin, and important is Bitcoin not formally linked to the laws and regulations of any central government, so government not supported Bitcoin.
Every country has a strict rule of law, their are several factor why government banning bitcoin in their homeland.
Money Laundering is one of their concern because they can't control the money if bitcoin will use in the future.
aside from that government won't get any money from their citizen or getting some taxes that why they are
very strict in bitcoin.
Money Laundering is one of their concern because they can't control the money if bitcoin will use in the future.
aside from that government won't get any money from their citizen or getting some taxes that why they are
very strict in bitcoin.
Actually, some countries they are thinking that bitcoin is a threat to their economy, that's they became negative into it. But if they're going to be open minded about it, surely it will help their economy instead.
A lack of practically in a lot of places there's isn't any internet so Bitcoin isn't going to operate there until then.
The government is worried about using bitcoin to beat the legal currency. they think their security issue. it'a money laundering.
Actually they can not handle it properly.
But i think next few month or year latter bitcoin will explosion as world.
Actually they can not handle it properly.
But i think next few month or year latter bitcoin will explosion as world.
I think the main reason is because they cannot control bitcoin. Fiat price can influence the economy of the country so they afraid if their citizens are change their fiat to bitcoin that make their fiat price down.
That is correct mate, since Bitcoin is decentralized and volatile, they definitely not going to control it anytime soon. But people would not switch to Bitcoin so soon, they will utilize it but it will coexist in Fiat for now, because Fiat is still relevant and still many things can be negotiable through Fiat only. Therefore there are still boundaries in utilizing Bitcoin.
There are many reason a country will ban bitcoin. Anonymity is one of them. Bitcoin can be easily used in some criminal activities but so does fiat. Moreover, no country would like their money to go out of their country. With bitcoin you can transfer huge chunk of money out of your country to anyone in the whole world.
Bitcoin is not yet supported in some countries. Crypto investments in these countries are against the law. Money laundering, drug and terrorist financing control problems are very much. When Bitcoin and other crypto currencies are used in many countries, by a large number of institutions and people, they will gradually recognize Bitcoin legally in countries that do not support , and will allow them to trade with 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
Actually 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.Right. Each country have their own policy. For them, Bitcoin will be use for money laundering or for buying illegal things that is why they do not allow or do not support buying 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
Actually 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.Right. Each country have their own policy. For them, Bitcoin will be use for money laundering or for buying illegal things that is why they do not allow or do not support buying Bitcoin.
Better question is in what countries bitcoin is really supported,hard to find many of them.But bitcoin and crypto is cosmopolitan,kind of cosmopolitan p2p movement beyond borders,same like internet is,btc is internet money,no borders in internet
I think the main reason is because they cannot control bitcoin. Fiat price can influence the economy of the country so they afraid if their citizens are change their fiat to bitcoin that make their fiat price down.
Actually bitcoin is going to help humanity and good for every one and bitcoin have already played a very big role to reduce unemployment and in some countries bitcoin have now a credit card as well and bitcoin is still trying to bring more facilities to the people and for countries as well I will appreciate all the efforts of bitcoin and will say thank you to bitcoin.
Bitcoin is still on the process of winning every country and everyone. That is the hardest part of marketing and for some very serious reasons and one of those is when a country is building its guidelines, regulatory or laws regarding with crypto currency research and development. China in the past few months are imposing crackdown the exchange institutions because there Operations are out of the economy.
Big Countries like China and Russia are now developing their own digital asset because Bitcoin or crypto currency is the future of the economy.
Big Countries like China and Russia are now developing their own digital asset because Bitcoin or crypto currency is the future of the economy.
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