Topic: Why bitcoin is not supported in some countries? - page 81. (Read 98470 times)
Bitcoin does not get support in some countries because the government is worried about using bitcoin to beat the legal currency, this is reasonable because bitcoin is decentralized so it can not be controlled by anyone or even the government.
Some countries do not support Bitcoin because it allows tax evasion, government cannot control the Bitcoin and moreover although Bitcoin is great, there's still a big issue concerning hacking, phishing 
Different countries have different rules to follow. Maybe because they taught bitcoin is a ponzi schemes or just scam. Or just they have no idea about bitcoin that it can help their fellow citizens in terms of income and it can reduce unemployment.
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 this countries don't see the potential of bitcoins and they don't want to risk anyone in their land to use it. Especially that bitcoins are often the hot topic of media with its relation to illegal transactions of drugs other illegal stuff. They fear that bitcoin can cause more chaos and increase the threats around the government.
Because of their anonymity. Often bitcoins are used to buy drugs and weapons. Also bitcoins are not subject to the state and are not taxed, a person can hide his income by withdrawing money into bitcoins
Yeah that may be a reason that it may be used for illegal activities but according to my personal opinion they still don’t know about this mighty coin they are not in touch with the outer world and there are still third world countries out here where people think that it is some sort of silver coin thing so of bitcoin advertise itself on every country national channel then those countries will also use it for their benefits. maybe because they cannnot handle it properly , It could be a source of money laundering which may give fund to terrorist.
This could be possible and also this bitcoin is used in more illegal activities. So any country accepts bitcoins they think the illegal activities will be increased, so they are not accepting. 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 bitcoin is not supported in other countries because theyre not yet a well-developed country. Bitcoin is not famous or even known in their country. Those countries are small countries that are trying to develop. I think if bitcoin will be introduced to their country, it will help their economy as well as their country to grow.
maybe because they cannnot handle it properly , It could be a source of money laundering which may give fund to terrorist.
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 moght not have the neccessary equipment or technologies to support the cryptocurrencies that might be used or coming into their country. alsO it is important to note how quickly it can hhange if given a chance and invested on by a cou try.
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
Because of their anonymity. Often bitcoins are used to buy drugs and weapons. Also bitcoins are not subject to the state and are not taxed, a person can hide his income by withdrawing money into bitcoins
No one really knows what goverment is thinking i think. Lol.
But i bet they have their own considerations too, although it's quite weird that there're some countries who legalized it and there're also others that banned it.
About mining, i don't even know that too. I'm curious but everything is just complicated for me.
But i bet they have their own considerations too, although it's quite weird that there're some countries who legalized it and there're also others that banned it.
About mining, i don't even know that too. I'm curious but everything is just complicated for me.
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
If it endangers the countries economic status, then they can see that bitcoin is actually a threat to them rather than a great investment. Think about the possible benefits as well as the possible disasters bitcoin can provide if it enters a country's market.
Very interesting. I shall inquire more.
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's strange, let alone get to the bitcoin prison in earn with hard work not by cheating, stealing or others. In my country bitcoin is not yet official in legal but there is one city in my country that make transactions using bitcoin currency and it openly not closed or covert.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.
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
IT might be that there is still needs to be studies or had regarding the safety and the availability of bitcoin in a country. I think they would have to address of the economy wpuld be greater or it might affect some parts of the industry and they have to weigh the pros and cons
I just found out that declaring bitcoin will get a prison sentence, in my country there is no such regulation until now, it means my country can still use bitcoin as a tool of paying even though not all cities apply it.
Wait at first you said you will get a prison sentence and then you said there is no regulation. Which one is it? And which country are you from?
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.I just found out that declaring bitcoin will get a prison sentence, in my country there is no such regulation until now, it means my country can still use bitcoin as a tool of paying even though not all cities apply it.
Wait at first you said you will get a prison sentence and then you said there is no regulation. Which one is it? And which country are you from?
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