Why do some government ban bitcoin? - page 24.

Unicorn_Heart

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Quote from: TanClan98 on September 07, 2017, 08:04:12 PM

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.

In my opinion, Bitcoin is banned to other countries it's mainly because the security and protection of investors' capital is not that safe and prone to be hacked by others.
For me, Government must implement rules and regulations about the security of Bitcoin so that investors will be at ease that their money is safe.
Bitcoin will really help us to make our live better and our economy as well but the Government must do something about it.

Rubberduck59

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NEM <3

Governments don't like what they can't control. That is why some governments are starting to regulate the market.
There's also some tax reasons to regulate

weblouartisan

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Lets Go Adab

Quote from: TanClan98 on September 07, 2017, 08:04:12 PM

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.

Bitcoins will be only bad depending on the people on where they are going to use it. Bitcoins can be used to purchase products online in some stores because it was a digital currency and the bad side about it is even those drug dealers and some people can have an illegal transactions and governments are avoiding this problems.

Kittygalore

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The underlying reason as to some governments in other countries, like China, are banning the use of cryptocurrencies, especially bitcoins, is because they couldn't tax the use and regulation of the said cryptocurrency and other types of cryptocurrencies. this I think angers the greedy capitalists in those countries and so they are banning it because they believe that it hinders them to achieve a good economy.

jassanpary

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Arianee:Smart-link Connecting Owners,Assets,Brands

Quote from: Logan1978 on January 22, 2018, 04:04:03 AM

I think some governments think that Bitcoin will badly affect their economy and fiat currencies, and have many doubts about it as it is a decentralized digital currency not controlled by them, so they try to ban it,I read somewhere that there's a way to trace the ip address used using the transaction history but its not spyware.

It is well-known fact that bitcoin is decentralized currency by this governments won't get any type of direct or indirect taxes that could be main reason many countries and the government's apprehension, so that it may destabilize the economy of the country based on these reasons government bans the bitcoin.

awawo

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I think the major reasons why some government ban bitcoin is due to the fact that the government think with bitcoin the citizens will one day become financially free and at that the government will loose it legitimacy from the people, and secondly some countries believe that if bitcoin is allowed it can aid corruption and money laundering so they are afraid of the potential and the capability of bitcoin.

lampukoe lumo

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Perhaps the reason why some countries ban bitcoin in the country it is possible they are afraid bitcoin will Mengantukan currency of his country, and might some countries want to make a coinnya higher quality than bitcoin, and maybe the state is afraid because of the existence of bitcoin,perhaps the government of the world think bitcoin will replace banks.

Creepings

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Quote from: MilkBi on January 22, 2018, 04:16:27 AM

I think some governments have forbidden bitcoin because of its price and it is in demand around the world. In addition, their government can not earn taxes from bitcoin and their country also has the advantage of bitcoin to invest in and consider this a non-taxable purchase.

If this is just the case, I don't know why will country ban digital currencies especially bitcoin since it will be good for the country's economy. But the real reason why the government ban bitcoin is because of it's volatility that is being said that may affect the country's economy. Tax is not a problem since if people in their country widely use bitcoin, they can just add some taxes in the items and it will be good.

mangkiko

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I think some governments banned bitcoin because of its price and it is so in demand the whole world. Also they can't earn taxes from bitcoin that's why they banned it and don't accept it as a currency.
They will banned bitcoin because it is a big treat in their country and it can ruin their country. Also the currency of the country will get down because of the bitcoin. That's why they need to banned it.

Bodiul1975

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Some governments prohibit BITKAYAN because the bidders are trading through the government, then the government is able to recover from the revenue tax, and if the BITKENE makes the dollar through NETELLER,SKRILL , PIYA, PAPAL, then through the bank, the government gets revenue tax.

MilkBi

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I think some governments have forbidden bitcoin because of its price and it is in demand around the world. In addition, their government can not earn taxes from bitcoin and their country also has the advantage of bitcoin to invest in and consider this a non-taxable purchase.

Logan1978

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I think some governments think that Bitcoin will badly affect their economy and fiat currencies, and have many doubts about it as it is a decentralized digital currency not controlled by them, so they try to ban it,I read somewhere that there's a way to trace the ip address used using the transaction history but its not spyware.

Hillthy

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Quote from: logan0312 on January 22, 2018, 03:57:44 AM

I think the government that bans bitcoin is a government that sees bitcoin from the downside, as bitcoin is used as a money launderer, marijuana deals, payments for murder services, and the government wants to protect its own official currency.That's why they hate bitcoin. Untill now they have thought that bitcoin was just a gimmick, but they are starting to wake up, and the fear is showing in their eyes

Some countries forbid bitcoin, I think the government fear the economic downturn on the money circulation. E-currency online transactions will replace conventional cash transactions.

logan0312

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I think the government that bans bitcoin is a government that sees bitcoin from the downside, as bitcoin is used as a money launderer, marijuana deals, payments for murder services, and the government wants to protect its own official currency.That's why they hate bitcoin. Untill now they have thought that bitcoin was just a gimmick, but they are starting to wake up, and the fear is showing in their eyes

catchemcrypto

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My two cents. I believe they (the government of each respective nations) are afraid that bitcoin will threaten and affect the banking industry and the money circulating in their government.

Or maybe they do not fully understand the potential and the benefits of how bitcoin may help their nation.

buhuchain

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Because bitcoin is fragmented and hard to control, large amounts of bitcoin transactions can cause disruption to the nation's economy, so most governments choose to ban Bitcoin transactions.

hghcoin

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Quote from: TanClan98 on September 07, 2017, 08:04:12 PM

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.

Take China as an example. Bitcoin does not speak of currency in current China, it does not qualify even as a commodity, the reason is that China itself is a semi-open financial system. If bitcoin circulates in the future as normal commodities while prices remain high and stabilize with mature markets like gold (prices are relatively stable and liquidity is good), then China's financial Control system will disappear.

rosalyn07

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The bitcoin are not legal to all country and some government says if people will invest there money on bitcoin it will lost because they think bitcoin are scam thats why bitcoin are not allowed in their country and banned it by the government.

jikurpa

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Quote from: TanClan98 on September 07, 2017, 08:04:12 PM

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 all your questions are answers that I can give is all depends on the person who accesses and invests with the bitcoin it depends on the person's objective to generally I can say bitcoin is good because we can invest and get the financial benefits and advance the economic growth

kolbalish

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Crypto Article Sharer!!!

Some government ban Bitcoin.I think that those government don't know well and thought the economic slowdown for Bitcoin.It is an online based platform where people can work or invest.By doing this,anyone can be benefited by getting money as a profit.

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