Topic: Why do some government ban bitcoin? - page 10. (Read 12625 times)
Many people thought that the government bans bitcoin because it was illegal but the true reason is the factors which can affects the performance of the company. Not all countries are advanced in terms of its infrastructure .
Maybe because there are tpo many people who are using bitxoin for illegal porpuses and maybe because it had been so popular
bitcoin gives an approach to keep cash and exchanges from the nosy eye of the controllers. There is a hazard that it could be utilized to support wrongdoing or illegal psychological militant movement — another reason is that it can be a course to evade capital controls.
I think some governments or states are banning bitcoin because they have some important reasons to protect their country or people. As we know bitcoin is a virtual currency that uses online and no physical form, so in transacting information about a person's personal data that can not be traced, it is used by criminals to act evil, such as making a dark transaction or fraud in cyberspace. In addition, the bitcoins that are shaped in cyberspace are often used by corruptors to launder money, in that way they are more difficult to detect by law enforcement officers so they can easily do so. There may be many reasons a government is blocking bitcoins that I have not thought of
I See topics about banning and I want to ask.
Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.
I think other countries do not like bitcoin and they see bitcoin as useless and does not do anything good. Well, in some country,their government look at bitcoin as a threat and can be a source of illegal activities.Different case happened in China last year, the government of China also totally banned bitcoin and shutted down all the websites related to cryto currency, correct me if I am wrong. They stop the usage of bitcoin because the China's Central bank has no power to regulate it, they are afraid bitcoin will dominate them.Since bitcoin is so very powerful currency, the only way for Chinese is to ban it. Our country's government is also discussing about bitcoin being harmful to the society. Since transaction in bitcoin does not need personal infos, it can be used anonymously to illegal activities. Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.
The main reason why the bitcoin is banned in some countries is because governments in some countries that the bitcoin have a disadvantages if they will legalize it. For them, bitcoin has bad effects.
Some government ban bitcoin because they are won't allow its people use it in illegal activities like buying drugs and they are afraid that their currency losses its value and affects their government financial stability.
I See topics about banning and I want to ask.
Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.
If in reality any country will think to ban bitcoin then why they will wait , surely they will ban it at instant of the descion and they will not wait for long time .Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.
These are in actual rumours only to spread the negativity in the cryptocurrency market to make the market of the bitcoin and another better altcoins dump , so that those whoa re spreading negativity can buy those coins at very low price .
Here only a type of rumours of ban you will see day by day that are not in actual truth , you can take example of the India where government said that they will try to not to increase the people's interest in bitcoin ( by making rules of regulation with high % of tax system ) but still news media are saying that government is saying that they will ban bitcoin ( a type of direct stupid thing that we can see with these ways and that also results into panic in the mind of the new users .
So keep yourself away from such types of things Because these will give you negativity only .
I See topics about banning and I want to ask.
Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.
Bitcoin is a powerful currency which has given a lot of people the capability to make expensive transaction anonymous. For some criminals, it is a gift specially when making illegal transactions. Another reason why bitcoin is being banned by soms countries is because they see it as a threat to their economy since it has no tax and there are no benefits being gained by the government. No matter what their reasons are, we should never stop believing on bitcoin. Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.
Some government wants a ban on bitcoin since there is no capital gains tax chargeable on bitcoin. Only bitcoin mining and businesses operating on bitcoin are taxable.
Government is afraid of bitcoin since it can be a threat to the economy and the country itself. And I agree that they can get any tax when it comes to bitcoin. Also, since it is a decentralized cryptocurrency, illegal transactions may occur that may harm the people and the country.
Because they can't control the peoples
I See topics about banning and I want to ask.
Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.
Bitcoin is really not bad because as you can see, it is just a currency in a crypto world that has nothing to do with the economy of a certain country. Well, maybe some government in other countries sees something wrong with the bitcoin that's why it is banned in some country such as Korea, Bangladesh and etc. I'm really not sure if bitcoin can locate us because as far as I know, no one is manipulating it. Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.
Some governments banned bitcoins because they clearly don't understand the concept of bitcoin and what is bitcoin for that matter.
I think because it is not beneficial for the government to make people free from taxes. The government does not get anything from bitcoin, so they are often against it.
Some government ban bitcoin because bitcoin transactions are anonymous.Government have no control in bitcoin if any losses or anything happen they cannot protect their citizens. Also government cannot benefit in bitcoin because bitcoin transactions are in digital currency and they put it a tax. It is also a decentralized currency and not controlled by the central government. 
Why won't some of them do, since it is a threat to their previous activities of controlling fiat currencies? In the past they have always been using central banks to do some of their evil work and controlling distribution which most times affects the downstream. And then a decentralised currency came all of a sudden which they can no longer control and is already disrupting usual methods. However, there are some who believes criminal activities will increase but I believe this can easily be curtailed.
because the people who use bitcoin for there transactions are anonymous.so lot of illegal things like weapon exchanges,funding for terrorism etc., doing using bitcoins.that is the major headache for the government.and the low against transactions,applying of tax also cant use against Bitcoins.
Yes i think that is the big point that government cannot legalized bitcoin because government wants safety for every citizen and they didn't want any problem in their country, but bitcoin is not a harmful for everyone and i think government will do something about bitcoin to improve and popular it for people because it is very beneficial for every person. 
because it is out control of central bank and not depeond on $ or gold or oil
You have a valid point for bitcoin not been supported by some governments but btc was also developed to give us freedom from exorbitant taxes and cut down the need of middle.But one thing I find difficult to understand is the support of other cryptocurrencies but they will not support bitcoin, maybe btc should be based on gold prices.
because the people who use bitcoin for there transactions are anonymous.so lot of illegal things like weapon exchanges,funding for terrorism etc., doing using bitcoins.that is the major headache for the government.and the low against transactions,applying of tax also cant use against Bitcoins.
Bitcoin is anonymous that means central bank can't control its transaction.It's out of bank's control.But mostly I think the government is afraid of digital currencies.
I See topics about banning and I want to ask.
Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.
Some government ban bitcoin because they don't want to be the bitcoin will going to be their nations currency they don't want that their recent currency will going to be dead Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.
This is a high risk investment, For the sake to save the people to lose their money, Government tend to ban cryptocurrency, and since bitcoin is decentralized, its hard for them to manipulate the flow of crypto since all the transactions generated by cryptocurrency are anonymous which might lead to criminal practices such as transacting illegal trading, maybe drugs or money laundering would hard for them to trace and penalized those who are responsible to do illegal things.
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