Why bitcoin is not supported in some countries? - page 95.

pitiflin

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Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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

From a country's point of view maybe its right for Bitcoin not supported because of the reasons why:-
Anonymity can cause a lot of troubles for a country, any fraud can use Bitcoin for his payment,for example Wannacry Ransomware attacker/s . Price is high ,they seem to get a reasonable profit.
Also people go for mining not because they know about it, they think they can earn money easily. But only experience will make them realise that bitcoin is not everyone's cup of tea.

nguyen linh

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In some countries, bitcoin is not supported because some people can use Bitcoin as form of laundering. Criminals easily make illegal

Nameless27

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Most countries who don't support biction are those who think bitcoin as a risk. They can't really control bitcoin in so many ways other than stopping it. That's a sad truth about bitcoin but things might change depends the clamore of its cetizen of that country.

Anyobsss

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Quote from: genocide on July 29, 2017, 05:58:19 AM

Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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

Bitcoin is not supported in some countries maybe because they do not have the proper technology to do so. There is no support being received especially in poor countries since there aint much profitable business there. Other countries prohibit the use of bitcoin due to taxation issues, because a lot of people use bitcoin transactions to escape tax payment. It mainly depends probably on the country's laws and rules that's why the use of bitcoin cannot be legalized.

bitcoin is banned by some countries like bangladesh,thailand, vietnam and etc. for the reason that the transaction with bitcoins is anonymous thus, it enables fraud and other criminal activities such as money laundering, drug trafficking, tax evasion and illegal payment. In bangladesh trading in bitcoin and other digital currency is prohibited and if you're caught doing so, the punishment is imprisonment for up to 12 years.

loopes

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Quote from: yoseph on July 29, 2017, 08:30:12 AM

Quote from: bajing on December 20, 2016, 09:29:37 AM

Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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.

Money laundering is a very serious crime in every country and without doubt, bitcoin is the best way for criminals to launder the money, But these governments should also realise that there are positives when it comes to bitcoins and other cryptocurrencies. They should give it a chance and make their citizens rich or earn some earnings since am sure they are a lot of jobless people in every country.

yeah money laundering makes money from illegal activities or results from crimes seems legal. so i have no doubt if bitcoin not supported in some countries who try to reduce money laundry through bitcoin.

Sarah08

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Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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 we all know the bitcoin really will not be available in some other countries because of the some government issues also like the north korea the people in there are dont allowed to access the internrt also there are country that just dont thrust bitcoin.

aysg76

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Every country have there laws and there own rules and regulations. Some of them disbelieve in accepting in bitcoins due to its volatile nature and lack of awareness among the people, moreover due to its decentralization property.

tinhyeumaunang

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Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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

They have their own laws, as well as their views on the future path of the country. We can not know what they think, but it is their decision.

yoseph

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Quote from: bajing on December 20, 2016, 09:29:37 AM

Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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.

Money laundering is a very serious crime in every country and without doubt, bitcoin is the best way for criminals to launder the money, But these governments should also realise that there are positives when it comes to bitcoins and other cryptocurrencies. They should give it a chance and make their citizens rich or earn some earnings since am sure they are a lot of jobless people in every country.

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Quote from: Sanitough on July 29, 2017, 08:03:55 AM

Quote from: kuyaJ on July 29, 2017, 07:30:47 AM

Maybe they have some reason or belief about bitcoin. Maybe they not know or they didn't believe that bitcoin can improve their country. China is one of the country that illegalize bitcoin.

The government are not willing for changes yet, most countries who are not into technology will have a slow progress in the economy but I
believe in the future to come they will definitely gonna adopt for this changes and bitcoin will be something that is recognize as one of the
most valuable currency in the world of crypto currencies or decentralization.

That's how they think they are protecting their citizens but they are just stopping the growth and letting the citizens not know what it is about or probably they mock bitcoin and say that it's a bad thing for the people. We probably know a person who doesn't support it or just really negative about improvements.

Sanitough

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Quote from: kuyaJ on July 29, 2017, 07:30:47 AM

Maybe they have some reason or belief about bitcoin. Maybe they not know or they didn't believe that bitcoin can improve their country. China is one of the country that illegalize bitcoin.

The government are not willing for changes yet, most countries who are not into technology will have a slow progress in the economy but I
believe in the future to come they will definitely gonna adopt for this changes and bitcoin will be something that is recognize as one of the
most valuable currency in the world of crypto currencies or decentralization.

Gabrieelle

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I guess some countries doesn't have enough access on it. It is not the whole population of one country that uses bitcoin maybe just half or just a little that is why they don't support it. Maybe they think it is a threat to banking business but all in all I guess it depends on what kind of government they're in.

kuyaJ

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Maybe they have some reason or belief about bitcoin. Maybe they not know or they didn't believe that bitcoin can improve their country. China is one of the country that illegalize bitcoin.

linkme

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Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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

"People scare of what they don't understand", the governments do not fully understand Bitcoin and can not find a way out to control it so that they do have not supported Bitcoin yet, I think they will work more on it to make Bitcoin legal in their countries.

131tc01n

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In my area the bitcoin has not been unveiled. But I have never heard of punishment for bitcoin users. So we do not need to worry, use before it is prohibited.

Botnake

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Quote from: genocide on July 29, 2017, 05:58:19 AM

Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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

Bitcoin is not supported in some countries maybe because they do not have the proper technology to do so. There is no support being received especially in poor countries since there aint much profitable business there. Other countries prohibit the use of bitcoin due to taxation issues, because a lot of people use bitcoin transactions to escape tax payment. It mainly depends probably on the country's laws and rules that's why the use of bitcoin cannot be legalized.

The progress will not happen overnight, what is more important now is slowly we see the progress that we are looking for.
Of course big countries do normally start to adopt and small countries will erase all their doubts and eventually adopt as well.

boris singer

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Quote from: cipotok on July 29, 2017, 03:08:48 AM

Why bitcoin is not supported in some countries
Maybe some countries forbid the play bitcoin karna be afraid of the impact of the success of bitcoin change the lives of many people, because if it is adept at playing bitcoin of course to get bitcoin will be easier ....
So create a country that prohibits people playing bitcoin it's time you give kebebesan to your community determine what they like .....
Remember the freedom of having a society in a country ...

They forbid the use of bitcoin because they are unable to make any regulation about bitcoin, which is common in third world countries. They must follow what the majority of developed countries do after that then they do comparative study, the process will happen very long. The fact that bitcoin is prohibited is the original nature of bitcoin itself that opposes the central economy civilization. This is a difficult thing and still not fully accepted.

genocide

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Quote from: malekbaba on December 20, 2016, 09:22:20 AM

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

Bitcoin is not supported in some countries maybe because they do not have the proper technology to do so. There is no support being received especially in poor countries since there aint much profitable business there. Other countries prohibit the use of bitcoin due to taxation issues, because a lot of people use bitcoin transactions to escape tax payment. It mainly depends probably on the country's laws and rules that's why the use of bitcoin cannot be legalized.

cipotok

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Why bitcoin is not supported in some countries
Maybe some countries forbid the play bitcoin karna be afraid of the impact of the success of bitcoin change the lives of many people, because if it is adept at playing bitcoin of course to get bitcoin will be easier ....
So create a country that prohibits people playing bitcoin it's time you give kebebesan to your community determine what they like .....
Remember the freedom of having a society in a country ...

ivrynx

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i think they have no access to bitcoin, and one reason is that governments have their own banks and the bank itself is a big business, if they let bitcoin in without them regulating it, they will loose a lot of money, but in the future i see that bitcoin will be accepted as payment and by banks, since we need to accept the fact that we are advancing in technology and bitcoin is the future.

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