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Topic: Why bitcoin is not supported in some countries? - page 90. (Read 98470 times)

full member
Activity: 434
Merit: 101
the state has own policies in governing its people, so if there are some countries that imprison someone plays bitcoin it's possible the coutry's policy is like that.
if the loss in bussines is normal.   
full member
Activity: 840
Merit: 105
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I do not think bitcoin has been received in many countries because they already have official money from their own country. bitcoin is still not recognized, then if one of the countries have inaugurated bitcoin and neighboring countries have not formalize bitcoin it will complicate the process of exchange of bitcoin in neighboring countries, therefore bitcoin has not been accepted in various countries.
legendary
Activity: 1162
Merit: 1000
it is true, in certain countries are not allowed to use or do bitcoin transactions, and it is already there are ordered the country, and some even punish if caught doing the transaction. So our attitude adjusts, if indeed our country should not, then we must behave as good citizens, and not violate the rules that have been made by the country
bitcoin contains elements of freedom. besides the nature of bitcoin is anonymouse so we are free to use bitcoin, I think that when I can use bitocin for positive action then I have right to use bitcoin. if everything becomes easy with bitcoin then why do not we do it.
newbie
Activity: 97
Merit: 0
They do not support the existence of bitcoin as a threat to the financial eye value in government as well as the transactional system openly, but if the tax will be very influential and criminality increases in all forms illegal. On the other hand bitcoin is very useful if used positively.
full member
Activity: 714
Merit: 101
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it is true, in certain countries are not allowed to use or do bitcoin transactions, and it is already there are ordered the country, and some even punish if caught doing the transaction. So our attitude adjusts, if indeed our country should not, then we must behave as good citizens, and not violate the rules that have been made by the country
hero member
Activity: 924
Merit: 502
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 the bitcoins is not supported in other countries because they know that bitcoin has many disadvantages and also the government of they have are not yet full informed to what is bitcoin.

I think it's probably because of business that's the one of a reason why other nations is not yet supporting bitcoin.And  as fas as I know, most countries do not yet have well-defined regulations regarding the use of Bitcoin, so I could not say that Bitcoin is not supported by most countries, nor would it make much sense to say that such countries are supporting the use of the currency.They think bitcoin can affect their business economy, consequently they're doing everything in which bitcoin can't enter to their country.

Yes I agree that some countries were not positive witbmh the visions of bitcoin and it's a conflict to their economic growth. That's the main reason why they're not recognizing nor accepting bitcoin as payments and this currency isn't stable, so the're afraid that it might crash the economy due to bitcoin's price volatility.
sr. member
Activity: 574
Merit: 250
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 the bitcoins is not supported in other countries because they know that bitcoin has many disadvantages and also the government of they have are not yet full informed to what is bitcoin.

I think it's probably because of business that's the one of a reason why other nations is not yet supporting bitcoin.And  as fas as I know, most countries do not yet have well-defined regulations regarding the use of Bitcoin, so I could not say that Bitcoin is not supported by most countries, nor would it make much sense to say that such countries are supporting the use of the currency.They think bitcoin can affect their business economy, consequently they're doing everything in which bitcoin can't enter to their country.
full member
Activity: 651
Merit: 103
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 the bitcoins is not supported in other countries because they know that bitcoin has many disadvantages and also the government of they have are not yet full informed to what is bitcoin.
sr. member
Activity: 308
Merit: 250
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

Really it's a very intimidating rule of cryptocurrency users. But it is imposed due to the use of bitcoin misuse, money laundering done by BTC-e, and there are some people who use bitcoin to gamble, buy drugs and other activities that are pornographic.
full member
Activity: 644
Merit: 100
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


    In my opinion, There has a reason to do not support bitcoin in their own country. It is there Country and it is there law so we need to respect it. I know they are reasons to do it. And we can not blame them to not support bitcoin, Well I think they did not see the importance of bitcoin the way we see it and the opportunity of using bitcoin as a cryptocurrency. 
sr. member
Activity: 392
Merit: 257
There are many reasons why some countries don't support or legalised bitcoins.They can't control bitcoins as bitcoins are decentralised which is kind of threat to the governments and they are afraid that it can increase illegal activities because of bitcoins anonymity nature.Also that many people don't know about it yet bitcoins are still in developing stage and is very volatile and unstable so some governments are trying to stay way from Bitcoins.
member
Activity: 66
Merit: 10
A nation will be in hazard if they acknowledge bitcoin. Its volatility will truly crush down a country. Thats why they just cant accept a digital currency with out a secure prize. Some shops may take the forex but not the complete country.
newbie
Activity: 98
Merit: 0
I think different countries just keep watching and learning more about bitcoin and altcoins.
sr. member
Activity: 618
Merit: 250
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 that bitcoin can't allowed in other countries because of the government bitcoin have a high possibility to make government goes down or other company goes bancrupt like the banks, if the people knew bitcoin does not collect any interest on you i know that the people who trust the bank will go after to bitcoin because they want a savings account does their money was does not reduce.
newbie
Activity: 56
Merit: 0
With regard to governments, the reason is that this goes against the existing design of power in society. Regardless of this, I do not see several countries prohibiting the use of the currency, they prefer to dismiss and not give publicity. Concerning men and women in common, I feel it truly is nevertheless early times. Even though several folks have entry to the web and several sources of info, they nonetheless have not recognized the want for a forex to solve the troubles that exist in fiat forex.
newbie
Activity: 28
Merit: 0
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

As you all know, Bitcoin is not legalized in many countries and because of this it is carries very high amount of risk to allow their citizens to carry the Bitcoin transactions or you can say it is very danger to use Bitcoin mode of payment for goods and service. There are chances that country's digital banking system  may get hacked or its database can be stolen as it is not under any regulations.Therefore, before Governing the cryptocurrency, many acts would need to be updated to reflect this new way of carrying transactions and involve making unique judgement as to how it should be organized. But i hope since bitcoins value is increasing day by day,this will not take much time to be legalized all over the world. Smiley
hero member
Activity: 2548
Merit: 605
Those countries fear that Bitcoin will make their economy to go down. Also several taxation problems have been their, as people prefer Bitcoin to escape taxes. Possibly when things go digitalized countries will use Bitcoin's technology to make their own digital currency.

yes. I think tax is one of the important factors that make the government disagree with bitcoin. (anonymous systems) used by blockchain make it all hard to track, so the government is afraid that there are many taxpayers who run for what they are supposed to pay.
I think most of the countries do not believe in bitcoin because it has no physical existence and is a virtual currency.

They may the obligations about bitcoin reality and facts. But once they realize that many other countries have accepted and regularize bitcoin as their usable local and international currency then they would also implement bitcoin in their countries.

Till that time we will have to wait and see what happens in the near future.
hero member
Activity: 966
Merit: 500
Those countries fear that Bitcoin will make their economy to go down. Also several taxation problems have been their, as people prefer Bitcoin to escape taxes. Possibly when things go digitalized countries will use Bitcoin's technology to make their own digital currency.

yes. I think tax is one of the important factors that make the government disagree with bitcoin. (anonymous systems) used by blockchain make it all hard to track, so the government is afraid that there are many taxpayers who run for what they are supposed to pay.
full member
Activity: 546
Merit: 100
Friends, I also face this problem because my country not accept bitcoin. But we know bitcoin is world wide famous coin. Even many people change their life earn bitcoin. So every country should accept bitcoin. So we can easily earn bitcoin.
member
Activity: 113
Merit: 10
Bitcoin can be supported in any country where they do not ban it and where there’s internet. Speaking worldwide, Bitcoin mostly has an indefinite status. Because it is not covered by law. Still, there are ‘peculiar’ countries , where Bitcoin is banned. The only thing that will get things straight is time. Governments should get the idea that this is the way finances will work in a decade or more.
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