Why do some government ban bitcoin? - page 33.

morrisby25

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Quote from: Gotumoot on December 29, 2017, 06:19:51 AM

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.

It's because some countries think that bitcoin is a scam, an unsecured investment, or they are afraid that people might quit their jobs and focus on bitcoin instead. When people quit their job and earn money through bitcoin, their income is not taxable. Which means government will get lesser income tax.

Well BTC IS an unsecured investment in the tradional sense and nothing you say will be able to deny that. There is no gold or anything real backing it

obinine

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Quote from: ?? on ??

Why countries banning Bitcoin? I have two reasons, Its either banks are paying those corrupt government officials because it will be a threat to their business or a county only protects its people from possible scams because of unawareness or lack of information how bitcoin works. Based on the articles I had read, Bitcoin is a big threat to a country. WHY? Without proper regulations, it can ruin a country. HOW? Bitcoin dont have taxes but a transaction fees which miners can only benefit. We all know that a county without tax can't build a better and safer place to live with. On the other hand, bitcoin gets a person its financial freedom and will start realize that we are a slave of those banks to supply their businesses. Bitcoin is decentralized and there is no way that they can put a spyware to locate a person us it

Not just banks there are many corporates shitting their pants because bitcoin is rising and crushing their business plans. They’ll definitely bribe officials to officially fud it using their powers

guxu219

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Quote from: Trela on December 24, 2017, 06:36:33 PM

Quote from: Akash1243 on December 24, 2017, 04:43:06 PM

Well some government has banned bitcoins as they think bitcoins are threat to society as government can't control bitcoins because bitcoins are decentralized and bitcoins can be used for many illegal activities.And also taxing bitcoin transactions are hard for them and banking would be affected.Bitcoins prices are way too unstable too so government discourage us to invest in them.

At current, I just know the Chinese and Korean government banned ICO in these countries. About Bitcoin, I did not hear any news as ban Bitcoin in this year, can you give me the list countries banned Bitcoin? I will be happy if know it, thanks!

Actually even the US government has banned ICOs for US citizens but most decentralised ICOs you can always buy using a VPN Wink

lance04

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The government ban bitcoin in their country not just because they consider them as a illegal entity; is because of they are no yet capable to embrace this kind or opportunity and innovation in their country since they are not yet well develop and capable for this.

raaaj100

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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

intelligent.investor

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Government not only ban Bitcoin but the entire Cryptocurrency......they are wise because otherwise everybody would have their own company and their own cryptocurrency in their area.

raaaj100

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Because Goverments have own,non-comercial national banks,wich are connected with comercial banks,these banks control economical environment and Financial-Monetary stability. First of all,I hope that developed countries will not do this,because for this regulations,they need to have reasonable,proportionate legal basis,wich they have not. this ,,arguable'' system olso serves to public interests, improves economical-social relationships and offers financial nuance,wich other centralized institutions can not afford.Goverments said that bitcoin leads to increase of cyber crime but we all understand that it's possible to eliminate by appropriate state resources.needed to be free will from politican institutions.In my opinion,goverments must not confront so many people's profitable-oriented interests.In general,interrelations wich are not regulated and prohibited by law are considered admissible.it is not a good reason,that bitcoin is decentralized.the prerogative of countries are people and not bank or other financial institution(private sector)

Peashooter

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Quote from: alex 666 on September 07, 2017, 11:38:43 PM

because it is out control of central bank and not depeond on $ or gold or oil

I think the reason why they ban it is because it is decentralized where no one can control it or manipulate it. In addition to that, we all know that bitcoin is a tax free so that I think they banned it because they could not collect any tax from people who already used bitcoin or cryptocurrency but I hope bitcoin would be legalized in all country.

malah

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In some countries do not support bitcoin and ban it because bitcoin is risky and the government may not want the risk to happen to its citizens because it can cause a person to go bankrupt and lose all the money.

eann014

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In my opinion it is because bitcoin can earn even at home some employees quit their job because they know they can still earn what they are earning with their current job. They don't need to pay some taxes for government and they can get all their earnings with bitcoin.

terang93

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They just can't control bitcoin and they consider bitcoin as a risk , a threat . That's why they ban them .

dubistnicer

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In my opininion they need time to understand what it is and make regulation regarding btc so they do think to ban it until they discover a way of control

maaydin

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Governments want to ban it because btc is not taxable right now and they can`t gain control over it as it is not a centralized money and people can use it for different purposes. In addition they even don`t know what it is.

Jhaypril05

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There is nothing bad in bitcoin. Maybe some of them are aware on the price of bitcoin. They have nothing to do to manipulate the price of it and they didn't get a tax on it that's why they ban bitcoin in their country.

RheamaeElbanbuena

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Because they do not know that bitcoin is a lot of people who are learning that they can hardly ban the bitcoin because if they only know that many people are learning especially hard it is impossible they can not ban and the one because they think it's a scam the bitcoin

kojoannan

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www.daxico.com

Because it is anonymous and it encourages money laundering , a greatest enemy of every government . If all come to use bitcoin, how will government get taxes and trace transactions.

aeternus

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Quote from: jam22 on December 12, 2017, 05:51:34 AM

Because the government can't manipulate the bitcoin's value.

They can try to manipulate the value of bitcoin, but governments do not want that, think of governments as very insecure people that want to have control of everything that surrounds them, since they cannot control bitcoin in any way or form they feel threatened by it, they want to destroy it but they cannot do that either, so they are going to resist bitcoin all what they can but at the end they are going to lose and will have to accept bitcoin.

Nana99

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They ban bitcoin because bitcoin may be used as payment for illicit activities.

BlackBeauty

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Quote from: Victor$ on December 30, 2017, 03:15:23 PM

Quote from: Trela on December 24, 2017, 06:36:33 PM

Quote from: Akash1243 on December 24, 2017, 04:43:06 PM

Well some government has banned bitcoins as they think bitcoins are threat to society as government can't control bitcoins because bitcoins are decentralized and bitcoins can be used for many illegal activities.And also taxing bitcoin transactions are hard for them and banking would be affected.Bitcoins prices are way too unstable too so government discourage us to invest in them.

At current, I just know the Chinese and Korean government banned ICO in these countries. About Bitcoin, I did not hear any news as ban Bitcoin in this year, can you give me the list countries banned Bitcoin? I will be happy if know it, thanks!

May be they want to use their people for their own work because bitcoin is not that kind of currency which can make a problem for someone if it was bad currency then no any other country will make bitcoin legal bitcoin has legal in many countries because they know how bitcoin is important for them so I think they are doing wrong when they are banning bitcoin if they allow bitcoin so I’m sure it can help them a lot.

I think Government wants bitcoin realize that its work will never for illegal activity and also their payment transaction will never transfer in wrong hand, so that's why government banned this forum but actually bitcoin forum is very helpful for every person and many people who will never settle their life in job salary bitcoin do their life very comfortable.

Victor$

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Quote from: Trela on December 24, 2017, 06:36:33 PM

Quote from: Akash1243 on December 24, 2017, 04:43:06 PM

Well some government has banned bitcoins as they think bitcoins are threat to society as government can't control bitcoins because bitcoins are decentralized and bitcoins can be used for many illegal activities.And also taxing bitcoin transactions are hard for them and banking would be affected.Bitcoins prices are way too unstable too so government discourage us to invest in them.

At current, I just know the Chinese and Korean government banned ICO in these countries. About Bitcoin, I did not hear any news as ban Bitcoin in this year, can you give me the list countries banned Bitcoin? I will be happy if know it, thanks!

May be they want to use their people for their own work because bitcoin is not that kind of currency which can make a problem for someone if it was bad currency then no any other country will make bitcoin legal bitcoin has legal in many countries because they know how bitcoin is important for them so I think they are doing wrong when they are banning bitcoin if they allow bitcoin so I’m sure it can help them a lot.

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