Topic: Why bitcoin is not supported in some countries? - page 97. (Read 98470 times)
Bitcoin and the digital currency are still hot debates to date,, but significant progress is evident in some countries.. Tax evasion and money laundering have long been a problem in terms of digital currency transactions (bitcoin),.. Digital currency traders often experience difficulties because they are beyond the legal limit...
The government has to do what they think is right but big countries like japan and china can lead as an example that bitcoin is not a threat but in fact it will help to improve the economy of the country. I wish in the future to come some countries will see bitcoin as a good one including those who previously ban it, they have to review bitcoin as it could be a blessing to improve their economy.
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.
Well most of these countries see Bitcoin as a threat to their national currencies especially the central banks and so they do everything within their power to fight against it becoming a legal tender within their jurisdiction. Secondly Bitcoin operations require consistent internet and computers or smart phones so poor countries suffer in this regard.
Yeah but many are accepting it now and its no threat to any currency it’s a unique thing. A country’s own poverty and crisis are a threat to their currency. They are fools if they think so. It can employ many of their jobless people. maybe because as currency bitcoin has no tax and as not to give advantage to the country
At the moment, In some countries, the governments are afraid of a currency that they can not control as It is the first decentralized peer-to-peer payment network. Basically, those countries fear to use it and though that direct threat of their economy. Although Bitcoin is likely to have higher adoption in developing countries than in developed ones. 
Bitcoin is not using some countries because,it is used to send and receive the money without any bank,in this case there is some mistakes done with bad people.so bitcoin price also not constant this will increase and decrease.
maybe because as currency bitcoin has no tax and as not to give advantage to the country
Wow I never knew some countries are banned from using Bitcoin. But with all due respect. I think that any country doing so, is totally wrong, and denying people their human rights. And I also have the feeling they are doing it to prevent the citizens from getting richer than the government and have their freedom.
You know Bitcoin is not controlled by banks. All that government has to do is to advise individuals on what to do but not make it an order for them to not engage in Bitcoins. Nobody is all knowing so what if Bitcoin survives tomorrow which apparently it will, now those citizens are denied of their opportunity.
If I was a citizen of such country and I have secret way to use Bitcoin or easy way to emmigrate, I will do quickly.
Nobody has the right to deny people of their rights and worse, put them in jail for nothing. You can only tell people to be responsible for their actions and not complain if something bad happens. THAT IS ALL.
Have a nice day
You know Bitcoin is not controlled by banks. All that government has to do is to advise individuals on what to do but not make it an order for them to not engage in Bitcoins. Nobody is all knowing so what if Bitcoin survives tomorrow which apparently it will, now those citizens are denied of their opportunity.
If I was a citizen of such country and I have secret way to use Bitcoin or easy way to emmigrate, I will do quickly.
Nobody has the right to deny people of their rights and worse, put them in jail for nothing. You can only tell people to be responsible for their actions and not complain if something bad happens. THAT IS ALL.
Have a nice day
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.
You're right! Some governments are afraid of bitcoin because they can't control it since we all know that bitcoin is decentralize and they can't take charge tax for those who are holding bitcoin that is why they don't want to support bitcoin.
my country is not supporting anything like drugs/bitches
bitcoin is accepted as well in my country so
It is in your country. In other countries they have their own laws to ensure the security of their country. Still some countries around the world do not accept bitcoin due to the risks that it causes. But who can stop the bitcoin? bitcoin is accepted as well in my country so
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
My country is not forbidden bitcoin but has not yet recognized it has not allowed use it as fiat money. I think it will take a long time for bitcoin to be recognized and allowed for use in underdeveloped countries. Actually, bitcoin is not illegal.
Bitcoin is an internet-curreny which means it is not limited or capped to countries. Its true that some countries don't embrace it but overall everybody is able to use bitcoin. Because I am not aware of legislation which makes holding bitcoin punishable by law.
Maybe some countries are afraid or do not think that having bitcoin will make some impact on the government. The government will not be able to buy something or maybe accrued some of its price. A lot of research and study will be a good way to start earning bitcoins. A meeting with the owner should be pushed so that everyone woiud have an idea.
Bitcoin is an internet-curreny which means it is not limited or capped to countries. Its true that some countries don't embrace it but overall everybody is able to use bitcoin. Because I am not aware of legislation which makes holding bitcoin punishable by law.
my country is not supporting anything like drugs/bitches
bitcoin is accepted as well in my country so
It is in your country. In other countries they have their own laws to ensure the security of their country. Still some countries around the world do not accept bitcoin due to the risks that it causes. But who can stop the bitcoin? bitcoin is accepted as well in my country so
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
My country is not forbidden bitcoin but has not yet recognized it has not allowed use it as fiat money. I think it will take a long time for bitcoin to be recognized and allowed for use in underdeveloped countries. Actually, bitcoin is not illegal.my country is not supporting anything like drugs/bitches
bitcoin is accepted as well in my country so
In my country, bitcoin is also considered legal currency but because very few people know and care about it, it is still not recognized and used. I hope everyone will soon realize the benefits of bitcoin so that bitcoin can be used in my country.bitcoin is accepted as well in my country so
Otherwise I don’t think it could be impossible for the government to look at the transactions and monitor them but it will cost too much for them. Also the bitcoin could be a parallel force to the country’s currency which they may consider a threat for their economic system.
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
My country is not forbidden bitcoin but has not yet recognized it has not allowed use it as fiat money. I think it will take a long time for bitcoin to be recognized and allowed for use in underdeveloped countries. Actually, bitcoin is not illegal. 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 reason behind that is depending on the government decision. Because government might think that usage of bitcoin without proper orientation or popularization might have risk or bring harm to its people through technological way. But if bitcoin will be launched and have advertisements that will orient the government and its people, maybe they will enable its usage in their countries. Because some people abuse benefit of bitcoin. Bitcoin transactions are done anonymously, very different from when we make transactions or money transfers in the bank. The reason why Bitcoin is not welcomed in some countries is because Bitcoin tends to facilitate activities or acts of terrorism and other illegal transactions. Some time ago an online media reported that hackers managed to find out the scheme of transactions conducted by ISIS is using Bitcoin and the amount in the wallet or their account is very large.
"hackers" lol...
All the fuss was about two investigators who wanted their minute of fame.
The so called funding of ISIS via bitcoin is pure bs.
Why would they even try to get bitcoins (leaving a trail) and then sell them again (another trail).
Don't even bring in localbitcoins or atms cause the last time I checked there are no bitcoin atms in Mosul.
They can transfer money far easier and without raising suspicion with conventional methods.
And just imagine they send the money to their men and when the coins arrive the value is 33% off.
Would you risk doing that stuff with people who have a tendency to blow themselves up?
I can't speak on every countrys behalf but i can speak for Turkey.If you read news about international news, Turkey is known for something and it's nothing like pizza or sushi.Our government likes to BAN things. There is a one page on wikipedia that says bad things about ISIS and it's releated to Turkey? Lets completely BAN wikipedia and block information.Does online betting sites uses Bitcoin for transactions? Well we can't ban bitcoin but lets try to block major wallet sites.That is the summary of my whole country...
Because some people abuse benefit of bitcoin. Bitcoin transactions are done anonymously, very different from when we make transactions or money transfers in the bank. The reason why Bitcoin is not welcomed in some countries is because Bitcoin tends to facilitate activities or acts of terrorism and other illegal transactions. Some time ago an online media reported that hackers managed to find out the scheme of transactions conducted by ISIS is using Bitcoin and the amount in the wallet or their account is very large.
"hackers" lol...
All the fuss was about two investigators who wanted their minute of fame.
The so called funding of ISIS via bitcoin is pure bs.
Why would they even try to get bitcoins (leaving a trail) and then sell them again (another trail).
Don't even bring in localbitcoins or atms cause the last time I checked there are no bitcoin atms in Mosul.
They can transfer money far easier and without raising suspicion with conventional methods.
And just imagine they send the money to their men and when the coins arrive the value is 33% off.
Would you risk doing that stuff with people who have a tendency to blow themselves up?
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