Topic: Why do some government ban bitcoin? - page 45. (Read 12625 times)
I think the most relevant reason is that the government has not understood and feared if bitcoins enter their country, then the country's currency will experience a decline in the exchange rate and even no value so feared that there will be economic crisis that will make the country become destroyed and poor.
According to mY research why Bitcoin ban in ohers countries like China,it because a plenty of them they will used as a scam,so much better they will ban than us will victim of there scams transactions
Bitcoin is anonymous that means central bank can't control it's transaction.It's out of bank's control.But mostly i think government is afraid of digital currencies
Nepal and bangladesh governments are banned the bitcoin.bitcoin is decentralized,so they are afraid of anonymous transactions.bitcoin has low transaction fees.
What do you think about that fear or threat that governments and banks feel from digital currencies. I think they understand significance of Bitcoin but they also realize that this way they may lose their control over economy. This is a fact. nobody owns Bitcoin, no one can control it, only the holder has full control over his digital asset due to which government will have a very little to no interference in people's property.
Bitcoins and other crypto currency are prohibited in countries with a weak economy, since the government is afraid of leaking significant amounts of capital from the country through the crypto currency, as well as in countries with an authoritarian control system, since the actual dictator is afraid to give the people relative freedom, even in finance. In addition, some countries are simply afraid of financial calculations in the crypto currency, because they did not investigate all possible consequences of its implementation in their economies.
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.
People are trying to get Bitcoin banned right now because they will have a chance to purchase a bunch of the coins before their bans get lifted when the price goes up.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.
The administration of a few nations disallows the utilization of BTC on the grounds that it is outside the control of the national bank. BTC is autonomous, the administration of any nation can not control it. So a few nations don't care for it. Again numerous administrations surmise that their nation will transmit cash through BTC. BTC chance for them. As a result of these reasons BTC is restricted in numerous nations.
I don't think what is the reason behind why some government banned bitcoin maybe because it is affecting the economy of government because of the easy way to earn bitcoin and if you use it sending to other where ever they are is smaller fees unlike in the bank and other money remittance center the fees are so big and i think that is why some country banned bitcoin.
On my opinion, most governments are considering bitcoin as a threat basically because they cannot manipulate its value and cannot have any power over it at all. For any government, power over currency is important.
I agree, most likely that they see it as a threat...a country can't exist with an uncontrolled economy...therefore when they feel that the situation is getting out of control, they are ban bitcoin
On my opinion, most governments are considering bitcoin as a threat basically because they cannot manipulate its value and cannot have any power over it at all. For any government, power over currency is important.
Almost all the articles i red about this topic points that bitcoin is a big threat to banking institutions and economy that deeply rooted to fiat. some countries are planing to take actions to it by making their own crypto coin, some are just because of ignorance about bitcoin which is both Good and bad to bitcoin traders.
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 reason is that in some countries prevents the existence of cases of money laundering by corruptors
Many countries still do not get the legitimacy of Bitcoin. Various questions have been raised about Bitcoin. Bitcoin is reluctant to think about the coin. Many people express their currency in different ways. Due to not getting the government tax, it has raised questions about legitimacy.
No their is no harm by using bitcoin but these government are immature like the whole world is trending towards crypto and these government are banning such money.Like all over the world people are earning good amount of money through it and some foolish government are doing so but time will prove that these governments are doing bad for their countrymen.
Nepal and bangladesh governments are banned the bitcoin.bitcoin is decentralized,so they are afraid of anonymous transactions.bitcoin has low transaction fees.
What do you think about that fear or threat that governments and banks feel from digital currencies. I think they understand significance of Bitcoin but they also realize that this way they may lose their control over economy. This is a fact. nobody owns Bitcoin, no one can control it, only the holder has full control over his digital asset due to which government will have a very little to no interference in people's property.
Bitcoin can replace or beat fiat to make the government worried, I'm sure when someone knows bitcoin then he will actively use bitcoin versus fiat so that one day can beat fiat. In addition, if legalized then the government can not control the bitcoin so that the country's economy can be unstable.
Because they see it as a competitor to their banks and currency. It could hurt their taxes, gdp, and overall income.
There are some government ban bitcoin like Bangladesh, China, Bolivia, Ecuador, Iceland and etc. They ban bitcoin because some counties building a national electronic cash system, so they need to protect it. Bitcoin cannot be traced by the government and they considered as a threat to their own currency.
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.
Haha! This is just a strategy to urge holders to panic sell! And then these manipulators will buy those coins at a lower price. See most of the smartest people on the planet work for the government. And so they will find ways to manipulate things for their own advantage. Greedy pips!!! 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 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.
because its every countries prerogative to do necessary action if they think somethingIs 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 threatening their country and thats what some nations do,because bitcoins or cryptocurrencies
are dominating na currency system and they think it will affect their community,although they
don't know what effect it be good or bad
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