Why bitcoin is not supported in some countries? - page 99.

youdacapt

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GOD is TRUE

Quote from: lecongnhan123 on July 08, 2017, 08:57:12 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

In my opinion, Bitcoin is not supported in some countries is that their governments don't want to risk their countries just because of an e-currency, they can not predict what would happen if they start to accept Bitcoin.

This problem is actually based solely on the inability of the government to regulate true bitcoin regulation, this coin moves very freely and the government can not regulate it, they forbid to anticipate potential damage without ever seeing positive potential in the future, They do not want people to be free to do business without being regulated by government (capitalization).

chalkboard17

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Quote from: raven7886 on July 06, 2017, 11:45:31 AM

Quote from: ultrloa on July 03, 2017, 01:34:38 AM

Quote from: kidoseagle0312 on July 03, 2017, 12:02:51 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

In some country they banned bitcoin, and other nations why they're supporting it because they thought bitcoin was a threat to their
business and can have a conflict once they adapt bitcoin, just something like that.

Bitcoins gives national conflict on each banking system on all countries thats why some other countries banned their country men to used this coin, But their banned implementation has not been totally cast since there are several people who came from banned countries still using it since they know they can get more benifits unto it and rather can earn more money from staking and job hunting with the help of this coin.

Yeah the bitcoin can be a threat to the existing banking system damaging the whole financial system planned by a country. This is the basic reason that the bitcoin is a challenge to the banks due to which the governments don’t want the bitcoin in their country to keep the financial operations going smooth.

If the bitcoin is inducted it will be conflicting for the state bank even and the state bank means a regulatory authority which the bitcoin don’t accepts.

Right. If too many citizens in their country used Bitcoin instead of the unit of currency, their money would be lost price, cause a big damage to the bank system and cash no longer be valuable anymore. It looks like a hard, hurtful punch to the development of the economy.

lecongnhan123

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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

In my opinion, Bitcoin is not supported in some countries is that their governments don't want to risk their countries just because of an e-currency, they can not predict what would happen if they start to accept Bitcoin.

JimmieA

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That's because many people still do not know about btc or just know that btc is simply a digital currency that does not know how to trade it. In particular, the government has always thought that btc would affect their currency and in fact btc is not taxed by the state. This is the case in some countries that do not support btc.

junkozane

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Some countries are not accepting bitcoins as there is no proper advertisement over there and may be, demand for the stock exchange market is low compared to others. I was expecting that all countries should support bitcoin in the future.

Kevin77

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Quote from: rickadone on July 04, 2017, 01:23:33 PM

Quote from: gribble on July 02, 2017, 08:52:36 PM

Quote from: zulkarnaen on July 02, 2017, 08:41:59 PM

Perhaps for that reason they prohibit the use of bitcoin in their country, whereas bitcoin is a digital currency that is not regulated by any state or institution, and should be accessible to anyone through an internet connection.

Yes make in sance, so bitcoins be considered as illegal currency, illegal asset and illegal instrument of investment
there are no really rules of bitcoins except the system of bitcoins its self,
bitcoins is decentralize that is mean bitcoins is high risk losing value for invest in it, so some countries doesn't support bitcoins
for currency, asset and any other related bitcoins.

Not everywhere but where it is not supported yes all your investment will be treated as illegal according to the laws of the respective countries.

There are both advantages and disadvantages of everything and so is the decentralization a disadvantage for the bitcoin in various regions. The countries prohibit supporting the bitcoin because they can’t trace whoever is sending and receiving it.

It does not matter that the bitcoin is supported by any country or not. As we all know that internet is available in all countries and bitcoin is the running on the internet, in every country people have bitcoins and these bitcoins are assets for them. So, no country want to lose the assets of his citizen, the government of every country well known about their population income.

Suppose any country does not support bitcoin so the bitcoin holder have many other options to sell bitcoins and get money like western union etc.

PELELE

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Most of the ruling governments not supporting the Bitcoins as each and every government have special rules, norms and policies. May be, bitcoin against their rules.

nhd2604

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I'll give you a simple reason, because they are still thinking Bitcoin have many dangerous things and that's true, many people had many troubles with this cryptocurrency!

xbiv2

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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

Check this: https://localbitcoins.com/
and this https://wmx.wmtransfer.com/Home/Description#

DoublerHunter

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Quote from: smsohag on July 07, 2017, 04:06:05 AM

Most of the country was not supported Bitcoin becouse those countries rulls are different. They also doubt about bitcoin exchanged. They also thinking that bitcoin affect over there economy.

Yeah, bitcoin can affect their economy because bitcoin is decentralized and if the people will use bitcoin more often that fiat then they will lose a lot of money because they can't tax bitcoin because of its decentralization. They also might think that bitcoin is such a bad currency because of the difficulty to trace down a transaction using bitcoin because of its security features.

smsohag

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Most of the country was not supported Bitcoin becouse those countries rulls are different. They also doubt about bitcoin exchanged. They also thinking that bitcoin affect over there economy.

Ewinsane

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Quote from: livinglightning on July 03, 2017, 07:44:22 PM

Each country has different laws. Bitcoin only appears over 10 years. Therefore, the introduction of bitcoin into management in some countries is still limited. Acceptance of its existence in some countries is not available

Yes you’re right, bitcoins are not well known but it is only in the past like 2 years ago, now a days every one well known about bitcoins. Even a small child who just start using internet well known about bitcoins and do you know what make everyone to get knowledge about bitcoin?? Let me tell you, it’s the price of bitcoin that make everyone think about it, bitcoin’s sky touching price can make any lazy person to work for it

Drnice

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Quote from: GlassMaster on July 06, 2017, 12:32:27 PM

Many countries are still afraid to introduce new technologies, including electronic currencies, but using the biton would significantly improve the economy of such countries. I think they will soon join the bitcoin.

That country will need a high quality conviction before they can accept Bitcoin into their marketing economy and this conviction will be in the far future when majority of countries has accepted Bitcoin into their economy.

elsya syafira

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I think it's the policy of every country, and such a policy will be different in every country. Or else there will be a disadvantaged party if bitcoins exist within the country.

Vohoanghiep

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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

Maybe they can not accept Bitcoin yet and they have a bad idea about Bitcoin. Not because Bitcoin is too risky, but because Bitcoin is involved in many unauthorized transactions and underground transactions. Countries do not accept Bitcoin because they can not control it thoroughly if it is accepted. Besides, I think they do not have the technical means nor the knowledge of this virtual currency. The money you earn is legitimate, but it's not clear when you disclose it, you can be fined and jail if you work in a country that does not accept Bitcoin.

GlassMaster

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Many countries are still afraid to introduce new technologies, including electronic currencies, but using the biton would significantly improve the economy of such countries. I think they will soon join the bitcoin.

Drnice

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Most countries does not accept Bitcoin cause they think it is a form of high money dupe to her countries economy and a free way of stealing from the country in a genuine way without been caught.

raven7886

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Quote from: ultrloa on July 03, 2017, 01:34:38 AM

Quote from: kidoseagle0312 on July 03, 2017, 12:02:51 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

In some country they banned bitcoin, and other nations why they're supporting it because they thought bitcoin was a threat to their
business and can have a conflict once they adapt bitcoin, just something like that.

Bitcoins gives national conflict on each banking system on all countries thats why some other countries banned their country men to used this coin, But their banned implementation has not been totally cast since there are several people who came from banned countries still using it since they know they can get more benifits unto it and rather can earn more money from staking and job hunting with the help of this coin.

Yeah the bitcoin can be a threat to the existing banking system damaging the whole financial system planned by a country. This is the basic reason that the bitcoin is a challenge to the banks due to which the governments don’t want the bitcoin in their country to keep the financial operations going smooth.

If the bitcoin is inducted it will be conflicting for the state bank even and the state bank means a regulatory authority which the bitcoin don’t accepts.

rickadone

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Quote from: gribble on July 02, 2017, 08:52:36 PM

Quote from: zulkarnaen on July 02, 2017, 08:41:59 PM

Perhaps for that reason they prohibit the use of bitcoin in their country, whereas bitcoin is a digital currency that is not regulated by any state or institution, and should be accessible to anyone through an internet connection.

Yes make in sance, so bitcoins be considered as illegal currency, illegal asset and illegal instrument of investment
there are no really rules of bitcoins except the system of bitcoins its self,
bitcoins is decentralize that is mean bitcoins is high risk losing value for invest in it, so some countries doesn't support bitcoins
for currency, asset and any other related bitcoins.

Not everywhere but where it is not supported yes all your investment will be treated as illegal according to the laws of the respective countries.

There are both advantages and disadvantages of everything and so is the decentralization a disadvantage for the bitcoin in various regions. The countries prohibit supporting the bitcoin because they can’t trace whoever is sending and receiving it.

Kronos21

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The recognition of the currency is an agreement among States on the recognition of property claims. The currency of another country is its assets. In the event of a problem with bitcoin whom States can claim? No it will not.

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