Topic: Why do some government ban bitcoin? - page 21. (Read 12625 times)
Anyone investing tens of millions of dollars will be able to easily manipulate the price, sending it skyrocketing, he explained. Any losses are passed onto ordinary investors with less information and a disadvantaged position. Data risk and information security risks are intertwined
in my opinion, bitcoin as well as other crytocurrencies give individuals a lot of control over their funds, something which the Government wouldn't want. You can move a lot of money across the border without anybody knowing it. a lot of bad things can be done. lie drugs and arms financing.
they want to create a digital currency called Estacoin.Also government offered to exchange for euro without any hassle. European Commission doesnt let them to make a new crypto if you are smart to understand the reason behind it.it s so harmful for country economy.Specially powerful countries like USA dont like thing which they can't control
So, Who knows about crypto-currency and Bitcoin in common? In fact crypto-currency is deception and destruction of the banking system. The government always wants people were slaves. People found the way of earning money, making them from "air", that's why government bans it, because they afraid of becoming people independent financially from government.
Bitcoin has an anonymous transaction, so that is difficult to trace and susceptible to abuse by criminals, especially in money laundering and financing of terrorism.Moreover, the government can not take any benefit from transaction of bitcoin.the government can not meet the financial system if the country.For this, the government of some countries banned Bitcoin in their country.
Because bitcoin has begun to affect the world economy. And the control of the world economy is in the hands of the world government. If bitcoin wants this right, then this is a challenge! But I think it's like special money. The future of digital money is bright.
my opinion is the senior officials is embark them self on bitcoin so they don't banned it haha 
Some government bans bitcoin because they can't lay their hands on it, they can't control it, it is decentralize. They can't abide laws to it, or maybe they fear that it affects currency exchange because investors will turn to bitcoin.
But not all countries prohibit the existence of bitcoin, for example japan
Japan has authorized bitcoin as a legitimate payment instrument in its country
In my opinion, the rejection of bitcoin is based on unclear reasons
They only hear it from the media, without learning it directly
Japan has authorized bitcoin as a legitimate payment instrument in its country
In my opinion, the rejection of bitcoin is based on unclear reasons
They only hear it from the media, without learning it directly
Actually Bitcoin is decentralized currency and the government has no control over it so they try to stop their people from investing in bitcoins but it is not a good idea from government side,time will prove it that bitcoin will become an international source for online transaction or doing digital trading.also lacking of education is another factor through which government are banning the use of BTC in their country.
Because bitcoin damages their interests, it is forbidden.
Bitcoin transactions are not taxed to the state.
Bitcoin is anonymous and the state cannot control it.
It's right. I agree with your thinking. Bitcoin transactions are not taxed to the state.
Bitcoin is anonymous and the state cannot control it.
People are scared of things they can't understand or maybe they just want to recive more fees and taxes. When you don't have any influence on bitcoin it is the only way to ban.
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?
Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Hmmm, I don't think being bad is why bitcoin is being banned in other countries but rather due to its decentralized feature. Who runs a country? Yes, the government. And where do they get their funds? Right, from our taxes. People are gaining good profits from bitcoin and they can keep it all to themselves. In a normal situation where we earn something, the government is entitled to a percentage of what we have earned. So you see, they are banning it mostly because they cannot regulate it. Btc being used in illegal activities are just additional reason.
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.
It is not that it is bad, it is simply a virtual currency with no control whatsoever on the part of banks or government entities, it is not convenient for them to freely circulate a form of tax-free payment, because taxes are the main proportion for many investments, that's why they prohibit it
Some countries have announced to ban cryptocurrency and some other countries want to regulate it. It's not that Bitcoin and other cryptocurrencies are a threat to fiat money, but governments want to control and centralize financial systems. Bitcoin also has a bad name, because It's used for criminal activities like laundering.
It's about fear of losing control over the people and their finances. Financial freedom appears at the horizon and they start to panic.
That's right, the government can not control bitcoin, so some governments are very protective about this. That's one of the precautions the government can take to protect the people and the stability of the country's economy. Cryptocurrency has the opportunity to serve as a crime tool, such as terrorist financing, drug trafficking and illegal weapons, etc.
The fear factor that the use of bitcoin will beat fiat money so that fiat money is worthless. I'm sure in addition to fear it is a factor of self-esteem because of the legal currency abandoned citizens.
As far as I know no government has banned Bitcoin or other cryptocurrencies. Chinese government has banned ICOs to protect its citizens from losses and scams.
It's about fear of losing control over the people and their finances. Financial freedom appears at the horizon and they start to panic.
Bitcoin is a decentralized crypto currency. That's why government of any country cannot control it. As a result, there is huge potential of money laundering. Besides, bitcoin is based on art of state technology like blockchain. A country needs latest technology to use and monitor bitcoin transactions .Some Government ban bitcoin due to above mentioned reasons.
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