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Topic: Why bitcoin is not supported in some countries? - page 96. (Read 98470 times)

hero member
Activity: 3052
Merit: 606
in my country, bitcoin its not valid payment because they have high risk. in here use bitcoin seem like break the law. and our bank wont be commit about that. and maybe the price of bitcoin that fluctuates too.
Well, too bad for you as you live in a country which is against decentralization but don't think of that so much because time will come they will eventually adopt as big countries are already starting to adopt. Maybe at first glance they will not be convince but it will be a wake up call for them when they see countries who adopt with bitcoin has improved their economy.
hero member
Activity: 1106
Merit: 506
in my country, bitcoin its not valid payment because they have high risk. in here use bitcoin seem like break the law. and our bank wont be commit about that. and maybe the price of bitcoin that fluctuates too.
sr. member
Activity: 1484
Merit: 323
I think because they're not open to accept what a Bitcoin can do to people and even in its own country, and I think leaders are afraid that if bitcoin became popular theyre not able to control paper money cause people prefer to have bitcoin as currency.
Usually Government issue is the reason why the bitcoin is not accepted at their country, And somehow I think that after some or more countries will accept bitcoin in their country they may go with the flow and accept the bitcoin too let's just hope for the countries make move for the change.
hero member
Activity: 626
Merit: 500
I think because they're not open to accept what a Bitcoin can do to people and even in its own country, and I think leaders are afraid that if bitcoin became popular theyre not able to control paper money cause people prefer to have bitcoin as currency.

They know what a bitcoin can do to their country, don't underestimate people from the government because you don't know what they know and knew.

The fact that they don't accept bitcoin is mostly because they are making their country safe, not from bitcoin but because they're internet are in censor. There are countries where people are limited to use the internet thus can't use digital currency such as bitcoin. Let's just respect their decisions because they are the leaders of the country and they don't mean no harm for their land, they are just protecting.
Well,that's maybe right. Since bitcoin is decentralized and they don't have control on it they might scared on what it can do in their government. So us who are capable on doin it legally must not used it for illegal things ,government might kake a move if so.
sr. member
Activity: 1638
Merit: 300
I think because they're not open to accept what a Bitcoin can do to people and even in its own country, and I think leaders are afraid that if bitcoin became popular theyre not able to control paper money cause people prefer to have bitcoin as currency.

They know what a bitcoin can do to their country, don't underestimate people from the government because you don't know what they know and knew.

The fact that they don't accept bitcoin is mostly because they are making their country safe, not from bitcoin but because they're internet are in censor. There are countries where people are limited to use the internet thus can't use digital currency such as bitcoin. Let's just respect their decisions because they are the leaders of the country and they don't mean no harm for their land, they are just protecting.
full member
Activity: 188
Merit: 100
I think because they're not open to accept what a Bitcoin can do to people and even in its own country, and I think leaders are afraid that if bitcoin became popular theyre not able to control paper money cause people prefer to have bitcoin as currency.
sr. member
Activity: 364
Merit: 250
The question you asked is wrong the question should have been why some countries don't support bitcoin and about the jail thing yes i have heard few people going behind bars for using bitcoin and this can be as the particular country can't really control of what people are doing so that can be a reason for going behind bars
Poor for them and poor for those who want to use Bitcoin but they can't because of their leaders. I think why some countries don't support bitcoin is they afraid their unit of currency will no longer available if their citizen keep using Bitcoin. I hope in the future Bitcoin will be legalized and more people will start using it.
full member
Activity: 938
Merit: 137
I believe that bitcoin is not supported by some countries due to the fact that in these countries there is no necessary level of democracy. Only in those countries where the human and civil rights and freedoms are sufficiently developed the government is afraid to limit the population in using the crypto currency and not support it. In addition, the circulation of crypto-currencies can increase, if desired, the income of banks and other government agencies.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
Some countries aren't really supported to bitcoin because some countries are abusing bitcoin they using btc to collect any drugs or they using it in a wrong way of it but the other countries like Japan and south Korea are supporting bitcoin because they know how to handle or they are not abusing bitcoin to use in a bad way, they use it for their good future.

Never heard before of a country using bitcoins to "collect" drugs.
How about next time before you post crap here you learn some basics English, read a bit about bitcoin and shut up if you have only stupid things to say.

Do you even have a clue what bitcoin is?  Or a country?

Some countries not supporting because,it is decentralized currency,anyone can send and receive the bitcoins.criminals also can use it for crime.it is very popular and price is also very high.
I think Bitcoin is not recognized officially all over the world so some countries still prohibit Bitcoin in business. To deal with this situation the world government must have a positive view on Bitcoin then Bitcoin can be globalized.

The world government should do it?
Send them a letter then. The address is something like Balrog Avenue 23, Mordor. I forgot the zip code.

newbie
Activity: 14
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
Each country has its own set of rules which we can't interfere or object in. Most of the countries are doubtful about cryptocurrencies since they're worried about money laundering and fraud issues. 
full member
Activity: 224
Merit: 100
I think many countries are afraid to resolve bitcoin because of the fact that they can be used by all sorts of scammers and then they will not be found. They are worried about the safety of different scammers.
full member
Activity: 350
Merit: 100
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 also think that maybe it is their reasons why they are not supporting bitcoin. They are afraid that it will affect their business cause we all know that bitcoins are decentralized, meaning it cannot be controlled by the central banks. And that's not in favor of the country. It can be a cause of falling of their businesses.
sr. member
Activity: 812
Merit: 251
UniDApp - it's DeFi time!
Some countries not supporting because,it is decentralized currency,anyone can send and receive the bitcoins.criminals also can use it for crime.it is very popular and price is also very high.
I think Bitcoin is not recognized officially all over the world so some countries still prohibit Bitcoin in business. To deal with this situation the world government must have a positive view on Bitcoin then Bitcoin can be globalized.
full member
Activity: 210
Merit: 100
Some countries not supporting because,it is decentralized currency,anyone can send and receive the bitcoins.criminals also can use it for crime.it is very popular and price is also very high.
newbie
Activity: 37
Merit: 0
Some countries aren't really supported to bitcoin because some countries are abusing bitcoin they using btc to collect any drugs or they using it in a wrong way of it but the other countries like Japan and south Korea are supporting bitcoin because they know how to handle or they are not abusing bitcoin to use in a bad way, they use it for their good future.
full member
Activity: 154
Merit: 100
Because in some countries, the governments are afraid of a currency that they can not control and they, basically, do not take any extra profit from accepting Bitcoin in their countries.

Yeah as bitcoin is decentralized, government wants something to be controlled by them. They don't want something that's beyond of their control, they want to squeeze money from it. Maybe if bitcoin is centralized many countries have adopted bitcoin quickly.
sr. member
Activity: 658
Merit: 260
CryptoTalk.Org - Get Paid for every Post!
It might be because of country’s rules and regulations. For example, government might not be in favour of using virtual currency or it may treat it as gambling, trading, betting kind of category which is prohibited from those country’s. As not every country accept the gambling legally so as to bitcoin is not legal. There could be another reasons, such as very less crowd interested in the bitcoin or trusting the bitcoin. It might also depend on the country’s economy system where bitcoin just don’t simply fit in.

sr. member
Activity: 504
Merit: 268
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
The other country was strict when its comes in a threat in there country the bitcoin is a threat in there economy and also could make the banks and the real cash to easily dissapear and also the bjtcoin is anonymous so transactions cannot be trace so the terrorist could use it to make a illegal transactions.
hero member
Activity: 812
Merit: 510
The question you asked is wrong the question should have been why some countries don't support bitcoin and about the jail thing yes i have heard few people going behind bars for using bitcoin and this can be as the particular country can't really control of what people are doing so that can be a reason for going behind bars
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
I think that you are making Bitcoin look like a bad technology or advancement that is related to crimes. And I don't think that is the main reason why Bitcoin is not yet supported by many countries, I see that Bitcoin as of now is still at its early stages in which some major countries are not still aware on what to do with it, but hopefully with some big countries accepting it will make attention for other developed countries to follow the lead.

One of the following...
a) you got your quote wrong
b) you didn't even bother to read what I wrote.

If you do, then you will see that what I said is exactly the opposite of what you claim.

Where discussing about Japan that they supported the bitcoin you are right but in case of China you knowledge is a bit weak. The Chinese government has banned the Bitcoin in their country and they are the one who strongly discourage the Bitcoin.
The countries banning the bitcoin doesn’t work at all, we have a majority of the bitcoin miners from China. If people are mining the bitcoin in china it means that they are using and are fond of the bitcoin as well.

Again? Is this the 1000(insert lots of numbers here)0001 time?
Oh wait...
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory#Eastern_Asia
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