Why do some government ban bitcoin? - page 46.

Tiktik

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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.

The truth is many goverment hate this because they scared about the future of bitcoins they scared that bitcoin can rplace all bank someday and some goverments didnt belive in bitcoin they said that bitcoin is only a fraud for all.

BlackBi88

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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.

Governments in some countries ban Bitcoin because it is favored for anonymous and unmanaged payments by any organization or nation. So the risk of money laundering, "bleeding" of money or the use of criminal offenses such as WannaCry is unlikely to be prevented. Many believe Bitcoin is a virtual currency that is not under government control. Thus, banning public transactions can be easy, but underground trading is difficult to control.

trauchot

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A lot of people are using cryptocurrencies including bitcoins for laundering dirty money, governments knows it and therefore they dont want legalize bitcoin and they decide block bitcoin in their country. Governments cant counter money which goes through bitcoins because all transactions are anonymous.

Deathgamer

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Bitcoin was being ban in some country its because the government cant get share or income with bitcoin,they cant give tax so they find bitcoin illegal because they also say that bitcoin was being used by druglords and terrorist in their illegal transactions because the government cannot that the transaction and activities of bitcoin so the government find it illegal but also to those who earn and work hard with bitcoin they found it legal specially me because it really helps me alot specially with my daily expenses and daily needs so thanks to bitcoin.

ArnoldChippy

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Quote from: shata on November 27, 2017, 06:11:34 PM

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.

The main reason why other governments ban bitcoin because of Bitcoin is decentralized. It is not affected if the oil price will increase or not. Bitcoin's rate is increasing and decreasing depends on how demand it is and how many investors and invests occurs and exists in Bitcoin. The other goverment also stated that Bitcoin will also down the banks and fiats will be crashed but this is not true. And the last reason why government ban Bitcoin because of illegal transactions.

yes i thinks till governments still taking bitcoin as not good for their economy therefore they are not letting bitcoin as legal currency, but i think that Japan is too good in their economy but still they turn bitcoin as legal currency, therefore i think that there is nothing wrong with bitcoin to effect the economy of a country.

javalemcgee

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Quote from: ?? on ??

Within my own opinion the government ban the bitcoin in their country simpl becase btcoin is veryisimple to use to transmit around the world that is why there's greater possibility that bitcoin transaction is difficult to identify isn't keen on a bank with no one understands how to enforce tax in bitcoin to possess goverment income for the reason that com pot.enyun

Well, this is not beacuse of the money laundering or the financial support of terrorism. All they care for is tax here. They want more tax, but with bitcoin, the tax will reduce significantly. Because there is no central force in bitcoin. They can't control bitcoin, hence ban it simply.

allthebitandbobs

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very hard to collect taxes .The end all of everything money Grin

batang_bitcoin

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Quote from: staceyoh on November 27, 2017, 06:20:34 PM

I think some countries ban bitcoin because they are not see that bitcoin has a lot of benefits to the people.

Not that really, government isn't about the benefit. They mostly doesn't want people to benefit from things that are not centralized. They can see the fact that people can take advantage their laws when bitcoin is adopted and that's why they are banning it. They don't want people to store wealth in the form of bitcoin, they can't tax bitcoin and they can't supply nor manipulate it.

staceyoh

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I think some countries ban bitcoin because they do not see that it has a lot of benefits that it can give to the people instead they think that it has a many disadvantages.

blocklancer8

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There are still many countries that have not received bitcoin or legalized in this country is because bitcoin is a new thing for a country and this needs to be studied both bad for the existing government. So much has to be processed that bitcoin can be used by all levels of society in a country.

shata

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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.

The main reason why other governments ban bitcoin because of Bitcoin is decentralized. It is not affected if the oil price will increase or not. Bitcoin's rate is increasing and decreasing depends on how demand it is and how many investors and invests occurs and exists in Bitcoin. The other goverment also stated that Bitcoin will also down the banks and fiats will be crashed but this is not true. And the last reason why government ban Bitcoin because of illegal transactions.

Boov

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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 the reason why the government ban Bitcoin is beacuse bank can not hold/control the Bitcoin that makes them worry that their country men or its people will suffer big if they use Bitcoin. But i think now a days some countries government starting to trust Bitcoin and let their people to use but with precaution and safety. Only natural for government to doubt Bitcoin because it was only starting make its name.

slackcryptoz

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Quote from: leexhin on November 27, 2017, 06:09:30 AM

Because banks can't control/hold bitcoin, it is a thread in any banks so government needs to ban it to their country. Government sees bitcoin as an illegal activity since it is used once in illegal and it might use again because of anonymity.

Bitcoin usage in illegal market has decreased a lot than the past days, still governments doesn't have a positive thinking regarding bitcoin. Majority have a thinking that bitcoin is only for illegal usage and governments wish to have control over it. This lets them ban bitcoin within few countries which will surely adopt in the future.

Ru chin Salcedo

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Because bitcoin rekoves third party in terms of money transfer anh aside fron that less tax for the government

378budiman

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Some countries prohibit citizens from using it because the use of bitcoin has been used previously in illegal activities discovered by authorities and they fear that their citizens will have the idea of using it for the same purpose.

Drakula

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Quote from: BitNotByte on November 22, 2017, 10:30:40 AM

government sees bitcoin as a threat to banking community, or maybe they're afraid that it will replace banking process which they don't want to happen in the near future. my opinion only Huh

Same with my opinion, Bitcoin have this potential to replace bank. We all know that they handle it and they can get something on; if it will be replaced, there income may become lesser. Also, they don't handle Bitcoin, do you think they will ban it if they handle it? Of course they will not; if ever they handle it, they will take advantage on it.

lanzkis

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Nepal and bangladesh governments are banned the bitcoin.bitcoin is decentralized,so they are afraid of anonymous transactions.bitcoin has low transaction fees.

GoodLuck2

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Quote from: schaituch007 on November 21, 2017, 08:06:48 AM

because its not a stable currency, not in anyones control, can be used for crime exchanges
can be used to convert blackmoney

Yes for sure the bitcoin is not the stable because the bitcoin is now increasing and the bitcoin price and the bitcoin value will increase more, it is the need of the time and the bitcoin is now getting high if the bitcoin price will be high and the bitcoin is now being support by the people as the bitcoin is getting famous and the value of the bitcoin now almost all the people are aware of it.

leexhin

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Because banks can't control/hold bitcoin, it is a thread in any banks so government needs to ban it to their country. Government sees bitcoin as an illegal activity since it is used once in illegal and it might use again because of anonymity.

barneystinson

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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.

Based from my observation here are some of the reason why countries wanted to ban bitcoin. 1. They want to regulate the income of particular individuals(i.e CN). 2. Some countries are skeptic on the opportunity of crypto currencies. 3. Countries not adaptive to changes.

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