Topic: Why do some government ban bitcoin? - page 4. (Read 12625 times)
The government is banning bitcoins for the safety of their country. They are avoiding illegal transactions and because of bitcoins there will be hidden transactions all over the internet that are being made
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'm speaking now as bitcoin user from my country. Since bitcoin isn't illegal in my country I think when the time comes that my country will banned bitcoin The reason might be because they can't get a benefit from legalizing 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.
I think government ban bitcoin because of its possibility to be use for terrorist and illegal activities. Also bitcoin has ending thats why its not going to last forever.
They ban bitcoin because it is a threat to their fiat debt based system that is centralized and designed ti oppress, exploit and control the people they wouldn't let a digital currency ruin their money making method that is way better and that is supposed to be what their fiat currency is. Because it lets telhem send payments globally, it's secured, low fees an decentralized. That's why they ban bitcoin in their countries.
If you want to know how well, look at Japan, the way it was adopted. Bitcoin is amazing, the economy has been encouraged, people are happy to trade it, and I think if in some countries prohibit bitcoin maybe because bitcoin is difficult to control in transactions because he is digital and I think the country that forbids bitcoin maybe its currency in their country will be disrupted and rivaled with bitcoin and most likely it becomes a concern and therefore they ban bitcoin and not in legalkan but in fact japan is one of the countries that have started legalize bitcoin and the results can look good or not
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.
There are many disadvantages of bitcoin, I think it is the reason why some of the governments doesn't have plan to legalize the bitcoin. There are many people who are using bitcoin in a bad way and the government preventing them by banning the bitcoin in their country. 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 has no centre to attack. There is no single organisation or person that controls Bitcoin and transactions don't go through a central clearing house there is really no way a regulator can stop people from downloading Bitcoin wallets and sending each other bitcoins. If there we to block all the websites that people can download Bitcoin wallets from, new ones will come up and some people will compile their own wallets from source code - Bitcoin is like Bittorrent is that respect. If they shut down the internet, people will send each other Bitcoin via SMS and if they shut down the electricity supply, people will use solar and battery-powered solutions.
Because they do not like the type of currency, no one pays taxes and benefits they do not poke
surely all countries like the currency, why the government does not allow bitcoin? because the government prefers the country's original currency because it is a legitimate means of payment rather than using bitcoin. and it could be because the government knows the currency first rather than know bitcoin.
I think because they cannot control bitcoin because it is not part of government, and they don't have any control to bitcoin, and because they dont have control if criminals use bitcoin to do thwir transactions. and I think because they don't have benefit if bitcoin will have a big amount of money. Also, I think because do not know if bitcoin will be safe to the netizen of the country.
The government says Bitcoin is helping criminal organizations make illegal transactions and the government is unable to control Bitcoin's anonymity. Many Bitcoin users to legalize their money by money laundering, the government is trying to remove all by prohibiting 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.
In my opinion, I think some governments ban bitcoin maybe because of its security. They think that legalizing it will a threat to their citizens and government's safety. In addition, they taught bitcoin can be use for illegal doings and can be use as a tool of criminals. Also, there is no guarantee in here.
Bitcoin is banned in some other countries because the government is not confident enough that it would be safe for their citizens because it may be used for some illegal works and their country could be affected because of this. Another thing is that, bitcoin is decentralize there and the government is afraid that the people may be harmed financially.
Some government ban bitcoin maybe because they cannot gain any interest from it. Since bitcoin is non-taxable, government cannot get taxes from those who deal and transact with bitcoins.
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.
I think the reason why government banned bitcoin in some country is because they think bitcoin would be a threat to the current currency and could bank crupt the banks.
Only a few countries are banning bitcoins, they may think that if not banned, many investors will die investing in the country and divert to bitcoin, to protect their interests then the country forbids bitcoin.
most countries don't realise the value and significance of bitcoin as they banned bitcoin. but many developed countries use bitcoin as legally because they realise the value of bitcoin.
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.
Most governments find it difficult to deal with the freedom of BTC and the fact that the central institutions have controlling power over it, considering it a threat to the national economy, the uncertainty around BTC is what makes the governments uneasy
Government have found out that there is no way for them to control and manipulate bitcoin to their favor so they are doing everything in their power to make it fail.
Because they do not like the type of currency, no one pays taxes and benefits they do not poke
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