Topic: Why bitcoin is not supported in some countries? - page 89. (Read 98470 times)
Cause it's not legalized all over the world. Such as in my country, bitcoin is illegal cause the government affraid that Bitcoin will harm all other economies in my country, I aggre with that opinion, cause Bitcoin economy is very interesting so all investors in my country will only use their money to invest in Bitcoin economy so it'll harm to others economies. Beside, the government can't control Bitcoin totally so social evils related to Bitcon is ineluctable such as money laudering or buying drugs with Bitcoin. In my opinion it's the main reason why Bitcoin is not legalized in the whole world.
every country has a different kind of law we must accept the fact that there's a country abiding their law. whether some country not supported the bitcoin always remember that there's some country supporting bitcoin.. 
There is a difference between 'not supporting bitcoin' and 'banning bitcoin'. Here in my country, bitcoin is not supported. There are no rules, policies, or laws that protects bitcoin users. Japan is a good example of a country that supports bitcoin.
Banning bitcoin is a pain in the ass if you're a bitcoin user. There are countries like Russia and China where bitcoin trading is prohibited. They tend to ban bitcoin because they see it as a threat to their economy. There are many black markets that uses bitcoin because of its anonymity and I also see it as a reason why some countries ban bitcoin.
Banning bitcoin is a pain in the ass if you're a bitcoin user. There are countries like Russia and China where bitcoin trading is prohibited. They tend to ban bitcoin because they see it as a threat to their economy. There are many black markets that uses bitcoin because of its anonymity and I also see it as a reason why some countries ban 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
Maybe the one reason why bitcoin not supported in some country is becuase bitcoin is decentralized and no goverment can control bitcoin and i think if the bitcoin become popular and supported in some country a lot of people leave their job.
Bitcoin is not supported by some countries because they might not be knowing its transparency and easy handling, Such countries are scared of toppling their current economy by introducing the cryptocurrency. The countries which knows about the advantages and the transaction feasibility of such currency they will derive the maximum advantages out of it.
Since bitcoin is decentralized it is a big threat to government because they don't have controls on the transactions happening 24/7. Government rely mostly on taxes to boost their economy, in this case people have freedom to transfer transactions in huge amount with a lesser tax amount incurred in sender.
every country has a different policy so we can clearly see some rules,
there are considerations of course very important,
there are some countries that do not use bitcoin and some are using bitcoin.
it is the right of every government.
I am just lucky to be in a country where people and governments are open-minded.
there are considerations of course very important,
there are some countries that do not use bitcoin and some are using bitcoin.
it is the right of every government.
I am just lucky to be in a country where people and governments are open-minded.
Bitcoin is not supported by goverment in many countries simply because they want to control the cash and Bitcoin can not be controled because it is decentralized. I do not think that several countries ban Bitcoins and some folks use it even if it is banned in their place. You just require net relationship, so it can be utilised almost just about everywhere.
True. If their citizen use Bitcoin too much, their unit of currency will lose price. There are a lot of reasons that the governments don't accept to use Bitcoin. They even arrest who dare to use Bitcoin in their country. I hope in the future Bitcoin will be supported all country in the world.
there are several reasons that countries do not allow their citizens to hold bitcoins. maybe the country is afraid of weakening their currency and they are switching to bitcoin. and the second most familiar reason. the bitcoin movement is too fluctuating so they mark the bitcoin is unsecured money. and the third bitcoin can get people to not work so they lack human resources. because their citizens chose home and mined bitcoin
Bitcoin is a threat to the bank and if the does not give freedom to it's people to change the current system then they will ban bitcoin. Take it for example, China has recently ban exchanges and it is already tantamount to banning bitcoin,they are one of the biggest holders of bitcoin in overall and they are afraid to have bitcoin be more popular and people will adopt and leave banks. It was the bank who made an effort to ban bitcoin in order to protect their own interest and I hope they will realize and will not act based on their personal interest but with the interest of the people.
there are several reasons that countries do not allow their citizens to hold bitcoins. maybe the country is afraid of weakening their currency and they are switching to bitcoin. and the second most familiar reason. the bitcoin movement is too fluctuating so they mark the bitcoin is unsecured money. and the third bitcoin can get people to not work so they lack human resources. because their citizens chose home and mined 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
Maybe it is because of the reason that it is decentralized. Being decentralized of Bitcoin allows its users to use Bitcoin as they like with a possibility of being used with illegal activities that might make the governments worried. As a currency, the reason why it is not yet legal is because Bitcoin is volatile. And market value stability is important in a currency. 
Bitcoin is not supported by goverment in many countries simply because they want to control the cash and Bitcoin can not be controled because it is decentralized. I do not think that several countries ban Bitcoins and some folks use it even if it is banned in their place. You just require net relationship, so it can be utilised almost just about everywhere.
True. If their citizen use Bitcoin too much, their unit of currency will lose price. There are a lot of reasons that the governments don't accept to use Bitcoin. They even arrest who dare to use Bitcoin in their country. I hope in the future Bitcoin will be supported all country in the world.
in every country have its own rules there are legalized bitcoin, for example russia and japan they legalize bitcoin, and some also prohibit the use of bitcoin for example China.
and many countries are just observing how bitcoin develops
and many countries are just observing how bitcoin develops
I do not even know if my country supports bitcoin or not lol.
because in my country, bitcoin is not popular. only popular among young people, and here the population of old, young is not small. (internet users are also more young people. )
new things that look foreign matter. but as long as it does not harm others, no one forbids. unless it is a gamble.
for people who just glance at it will think it's something like "gambling" but they do not know if bitcoin can work like a bank. although I myself prefer banks than bitcoins ..
bitcoin needs more advertising.
because in my country, bitcoin is not popular. only popular among young people, and here the population of old, young is not small. (internet users are also more young people. )
new things that look foreign matter. but as long as it does not harm others, no one forbids. unless it is a gamble.
for people who just glance at it will think it's something like "gambling" but they do not know if bitcoin can work like a bank. although I myself prefer banks than bitcoins ..
bitcoin needs more advertising.
Bitcoin is not supported by goverment in many countries simply because they want to control the cash and Bitcoin can not be controled because it is decentralized. I do not think that several countries ban Bitcoins and some folks use it even if it is banned in their place. You just require net relationship, so it can be utilised almost just about everywhere.
True. If their citizen use Bitcoin too much, their unit of currency will lose price. There are a lot of reasons that the governments don't accept to use Bitcoin. They even arrest who dare to use Bitcoin in their country. I hope in the future Bitcoin will be supported all country in the world.
A lot of of the purpose as to why some nations don't assist bitcoin is mainly simply because the Federal government fears that they will drop the manage in excess of the cash supply as well as of the financial system. They management every person in the region by manage the income source. and bitcoin tries to crack this handle of the point out.
My personal opinion about this question about some countries not yet accepting Bitcoin or not yet recognizing Bitcoin is that since what I know is in economic view a governments lifeblood came from taxes and implementing taxes in wages and other goods gives a government funds that they can use for infrastructure or other expenditure. But since Bitcoin as of this time can be mandated or controlled by a government yet means they cant collect any taxes. For me I think that would be one of the main reason for the other countries to not accept Bitcoins.
Maybe some countries doesn't know about bitcoin yet, and some maybe is not open for a change in their country. It all depends on the government of the country you are living in. Let them take their time to understand and know more about bitcoin. Sooner or later maybe these countries that do not support bitcoin will be using and legalizing bitcoins soon.
each country has a different policy on the regulations applicable to currency legalization, with the legality of bitcoin not yet official as currency in this country, perhaps the government is still studying and considering its performance and the effect that will occur from the legalization of bitcoin
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.
As we all know bitcoin is originally created for underground transaction so their government is prohibiting people from using it.
It's their job to prevent money laundering and they have the power to create a policy in order to implement their will, however it's not fair to ban bitcoin if they cannot find a way to stop this kind of illegal activities. Bitcoin can be used for illegal activities but monero is surely the top of it because its transactions are untraceable. As we all know bitcoin is originally created for underground transaction so their government is prohibiting people from using it.
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