Topic: Why bitcoin is not supported in some countries? - page 82. (Read 98470 times)
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.
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
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
That's because the officials of the country are corrupt and if bitcoin is allowed its going to make looting of public funds easier and faster and its also going to bring about a rapid rise in the amount of people that have access to illegal weapons and other firearms since all can be purchased with bitcoin without trace of who actually paid for it.
Bitcoin is not supported in some countries because their government don't trust it. They felt unsafe using it in terms of investments. Some people also used it on illegal activities which is difficult to traced and they don't want that happen. Some countries also considered bitcoin as competition on their national currency,a fear that their economy falls down because of it.
I guess the problem is in the development of these countries and their legislation system.
The more developed, the more restrictions.
The less developed, the less awareness
The more developed, the more restrictions.
The less developed, the less awareness
there are many reasons why bitcoin has not been received in some countries such as the government has not yet legalized the existence of bitcoin in the country and the government still uses currencies such as dollars, dollars and many more according to the country using the existing currency, and all return to their respective governments.
Probably because the country's economic factor is very low, especially for my country which has a value of money price is quite low compared to bitcoin prices. If my country supports bitcoin and make bitcoin into new currency, it will cause big losses. Especially large companies that have long standing will go bankrupt. I want bitcoin fixed as digital currency only. Because, it really helps my economy or my country.
bitcoin is not supported in some nations simply because of the misconception about cryptocurrency and cryptography. Men and women educated from medias create the worry about bitcoin
Bitcoin is not supported in some countries maybe because they thought that it's an illegal thing to do. Other countries accept and used it at first but suddenly banned it in their country, the main reason is the excessive use of the said cryptocurrency. Since there's a huge amount of flat money earnings for some users, the government doesn't benefit at all because it was all tax-free. Another thing is that, bitcoin can easily be used in an underground transactions like illegal drugs because buying things, especially illegal things, can be easy using this kind of money because your identity was hidden. Maybe other countries feared this kind of insights.
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 of the laws that is why many country can't accept bitcoin also the government, it seems that they will really oppose to the idea of bitcoin because I think they will lose their power once bitcoin is fully accepted in their country.
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's because of economic growth there would be a big impact and affect the government taxable transaction if all digital system would be operate for their country, It usually measures changes in business revenue, business profits, and other taxable transaction fail because of this new generation BITCOIN DIGITAL CURRENCY.
Bitcoin is not supported in some countries? Probably because of the corporate factors that don't want to lose competitiveness with bitcoin. If everyone joins in bitcoin, then job seekers will decrease. So companies are not easy to find workers who are good quality.
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 .
So true, in my country they said btc is an invalid currency as they might think because btc is too risk to use and more people doing criminal with it. That's totally wrong. 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 of the laws that is why many country can't accept bitcoin also the government, it seems that they will really oppose to the idea of bitcoin because I think they will lose their power once bitcoin is fully accepted in their country. 
It is not surprising that some countries ban the use of bitcoin. It is after all hard to understand at first. When you have old close-minded politicians, the tendency is they will ban the use of this unknown technology. Also, there is still the probability that the policy makers are influenced by bank owners to ban bitcoin. It is within my understand that the banks are the first and foremost institution that are affected by the rise of bitcoin, specially US banks. In one of my other posts, I discussed how Japan and EU collaborated to create bitcoin to counter the destabilization done to them by the US and the US dollar. Naturally, some countries will ban bitcoin.
each country has its own policies. the angle of view of bitcoin is different. some see it as a profitable thing, and some see it as a disadvantage. we should be able to appreciate the difference. Until now, bitcoin is prone to use for crime, money laundering, black market, etc. that is one reason for countries that do not legalize bitcoin.
I think it is more like of the pricing. the unstable price of bitcoin is enough reason for any organization to have a double thought on the bitcoin option, a nation will have to have every form of review of it before considering it.
The price is not the reason because the volatility is just its nature so if they will understand bitcoin it would be easy for them to embrace.For users who just want to benefit the system for online transaction they don't care much about the pricing because at the end of the end it's just fiat to bitcoin and vice versa conversion.
I think it is more like of the pricing. the unstable price of bitcoin is enough reason for any organization to have a double thought on the bitcoin option, a nation will have to have every form of review of it before considering it.
many countries did not implement bitcoin because they thinking that it would be threat on the economy of their country instead of thinking that it could be lessen the poverty by the help of the bitcoin, many country thinking that it was illegal that could no be trusted or just thinking that it was a scam and cannot give them a brighter future if they use just a virtual money.
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 country have their laws, if that so then they to follow. Maybe because bitcoin transactions is very private and it cant be trace if someone do illegal transactions. Maybe this is because of security and safety issues. They all have their valid reasons in regards with their laws. But so far in my country bitcoin is pretty new i guess. Its booming here. Jump to: