because it is out control of central bank and not depeond on $ or gold or oil
yep..there is no law, tax laws about the cryptocurrency of the government afraid of blockhain technology or indeed not really understand what is blockhain..
Topic: Why do some government ban bitcoin? - page 18. (Read 12625 times)
there is no law, tax laws about the cryptocurrency of the government afraid of blockhain technology or indeed not really understand what is blockhain..
I think bitcoin is banned in some countries because. Bitcoin is a big threat to banks. Unnamed Bitcoins will be a threat to the government because they think bitcoin is a chance for criminals to carry out illegal activities that affect the country. Hackers in bitcoin are also a burden to the government. .. I think these things make bitcoin banned in some countries
Some governments have banned bitcoins because they do not see the benefits of bitcoin. Government sees bitcoin used in criminal activities. The government says bitcoin is bad, bitcoin affects the interests of the bank. They do not admit the benefits and convenience of bitcoin.
On my opinion,some government ban bitcoin because government don`t have control of the transaction/list of transaction and this is not depend on $,php,gold,oil etc. of the country but there is no way that government can stop people from downloading Bitcoin wallets and sending each other cryptocurrencies.Only Governments can declare cryptocurrency illegal but it will have no affect as they can't control it due to the decentralized nature of the cryptocurrency.
because the use of bitcoin is believed to disrupt the national economic stability that includes monetary, financial and payment systems. besides the reason the government forbids bitcoin because its very mined secured not be able to be secured as well as in Japan where exchange bitcoinnya hacked US $ 530 million and the japanese state that arguably a developed country in terms of technology is still not able to do security in terms of bitcoin let alone state other countries that are still under progress from Japan
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 banned bitcoin because they cannot control it. What will they do is banned it. Some reasons are identities of millionares people are hidden. Thats why they cannot give taxes. And some money came from bitcoin are used by bad persons to bad transactions. 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 the main reason is they never get tax from the people who earn btc. If most of people are invest in bitcoin, so they could no longer control people anymore. Because we know that bitcoin has no tax and no government can control it. Every countries have different views about bitcoin or opinion, so we don't know if what their purpose, i think they don't want bitcoin to their country.
Point A government's sets bitcoin ban not because they know what bitcoin is and what the bitcoin is, the government is told what it is bitcoin and so on but the government keeps claiming bitcoin as a threat to banking.
Point B government claims bitcoin as a tool to launder money.
Point C government see unstable prices
It has a point anyway but I am sure that the government knows the bitcoin because it is a crypto currency they just hide it to their people so that they can control the flow of tax. As we all know bitcoin has no taxes be has a large transaction fee. Point B government claims bitcoin as a tool to launder money.
Point C government see unstable prices
Why do some governments ban bitcoin? for fear of impacting the economy of a country when legalizing bitcoin.
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.
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.
One possible reason could be the government is not quite confident of what bitcoin can cause to their nation. Furthermore, they are not yet sure what would be the possible outcome of letting their country's citizen to use bitcoin. This is why the government is cautious when it comes to accepting and legalizing bitcoin.
these are based on my opinion. Bitcoin is banned to some countries because the government believe that bitcoin is used to buy illigal things. Also they ban bitcoin because they cannot control it, they cannot put tax on it, another reason is because bitcoin is to unstable, its price suddenly goes up and down. These are my opinions why bitcoin are banned in some countries
Maybe because they can't hold it. I mean, bitcoin is decentralized, not own by any government. They can't even put a tax on it. That might be their reason for banning bitcoin, in my perspective.
I think the main reason is because of cybercrime many accounts are being hacked and money looted, since government's revenue isn't from it, I think that's why it has been banned.
Currently China banned bitcoin when btc price in down position. The banned system of other country is for their own good. I think government have a misconception to bitcoin features in the future uses in peer to peer interactions. Misconceptions and low income they think can drive government to ban bitcoin.
Bitcoin decentrilized and independent currency. The government can't control it. No taxes. Also they want to protect their own national currency. But the demand of bitcoin is increasing day by day and they have accept it.
Some government ban bitcoin because they thought that bitcoin is used in criminality like terrorist, child pornography, drugs and many more..They only see the negative side bitcoin may bring they dont look on how positive it is and beneficial to our lives. Countries who ban bitcoin are selfish.
Some government ban Bitcoin because they think Bitcoin is a threat in their banking industry. Also government can't claim tax from bitcoin. Because virtual transaction has no tax. Government can't check if the transaction is legal on not.
The problem is that it "encroaches" on sovereignty, the ability of special bodies to control financial flows. Many say that Bitcoin is the ideal currency, but for a country that does not. Crypto currency creates problems in the financial sphere, eliminates transparency in the sphere of monetary transactions. That's why Bitcoin is banned in some countries of the world.
some may ban bitcoin maybe because they have found some illegal things behind it. Some may have found out that some are using bitcoin as a cover up of their illegal transactions.
I think because banks generally charge fees for doing anything with money, even just holding on to it. That's because the banks have created a level of trust that transactions pass smoothly and everything is recorded and accounted for correctly.
And bitcoin enables one digital wallet (that can be stored on a phone) to directly connect with another securely and process a transaction.
As such, it removes the need for any kind of traditional bank or regulator.
And bitcoin enables one digital wallet (that can be stored on a phone) to directly connect with another securely and process a transaction.
As such, it removes the need for any kind of traditional bank or regulator.
Jump to: