Topic: Why do some government ban bitcoin? - page 5. (Read 12625 times)
Some countries are banning Bitcoin because they are worried and threaten about something that they know they cannot control. It is also a big threat to the conventional banking system and some of their businesses that is why they don't want people to use it. Plus the fact that are not getting any taxes from Bitcoin, that is why they are not in favor of it. They will do what they can to make it look bad to the people, spread fake news, bad publicity about it, etc.
When government are out of control on a particular market they term it as fraudulent business, and bitcoin is one which the Government can not control it transactions.
for that because other countries play bitcoin because of hidden transactions and the government will not know that money outside and fast transacts of other countries using only bitcoin
Many people tell bitcoin is bad. I think, bitcoin isn't bad. Bitcoin is really good for us. But some people use this coin in bad sector. bitcoin users are not traceable. So anybody very easy to use this coin to terror works. Bitcoin is a online currency so it isn't touchable. In this reason some government ban 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.
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.
Because government think there are many users of bitcoin that used to scam other people so they alarm people not get into it and some people used bitcoin for buying drugs and other bad things so bitcoin get banned in a country and lastly because government want to control bitcoin but they do not know how to that so it end up banning.
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.
government bans Bitcoin because most countries or other governments do not like Bitcoin because they know that people are getting stuck in their jobs because they start earning Bitcoin. 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 state is trying to prohibit bitcount because it is unprofitable to keep them, nobody pays for it and no one sees it
may not be prohibited, currently has not found the right time for in some countries related to bitcoin legalization. but I am still optimistic in the future bitcoin will be accepted and not prohibited.
Maybe because some people used bitcoin in illegal transactions, it's easy to buy drugs or unlicensed firearms, and the government don't have idea because, because they regulate the flow of bitcoin.
Since it has no formal premise and administrative expert, bitcoin is inclined to be abused for illicit exchanges, tax evasion, and financing of psychological warfare. There it is confirmed that all exchanges led in every nation are required to utilize their particular money. The flow of bitcoin is additionally illicit on the grounds that it isn't reachable by the Central Bank. This could possibly prompt markup esteems. Along these lines, the exchange of theoretical virtual money esteems. Not just damage the general public later, such exchanges can likewise disturb the steadiness of the state budgetary framework.
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 can’t blame the government if they are just thinking about the cons and effects of what may happen to the country that they are taking care of if bitcoin was to be implemented. There is also the fact that some government do not want their people to earn because it may upset the balance of society that they have already established for years.
the government forbids bitcoin because they are afraid bitcoin will grow rapidly and can not be controlled and many investors prefer bitcoin than bank products. banks can be controlled by bitcoin while open source bitcoin is not controlled by anyone. and the government is afraid of anonymous bitcoin transactions can be used for crime.
Bitcoin ban some government because every government has won rule to control their economic condition. But they have no control of bitcoin and it use. Bitcoin user dose not pay tax for this. Some country ban bitcoin to save their economic strategy.
Reason is simple, when our government looks at bitcoins, they are incapable of tracing any person or company holding responsibility for Bitcoin not only in their jurisdiction, but in the entire planet!Governments are not able to tract payments in bitcoins as anybody with out a proper identification can open up an account and make the transaction. Even though exchanges are collecting KFC from their customers, it is possible to do transactions with out using ID card issued by .it becomes very much difficult for governments to audit transactions, and perform their obligations .
Yes, its something like that. The popularity of bitcoin make some noise on the entire world making more and more people working for it and some are leaving their corporate job and resulting for massive cutting of income tax, as we know that bitcoin is a decentralized system making no one can interfere even government, i think that is one reason of why government doesn't like bitcoin.
I think the reason about this is some government does not like bitcoin or they not believe in the capabilities of the company, its quite sad before the intention of bitcoin really good but other people don’t appreciated it.
Reason is simple, when our government looks at bitcoins, they are incapable of tracing any person or company holding responsibility for Bitcoin not only in their jurisdiction, but in the entire planet!Governments are not able to tract payments in bitcoins as anybody with out a proper identification can open up an account and make the transaction. Even though exchanges are collecting KFC from their customers, it is possible to do transactions with out using ID card issued by .it becomes very much difficult for governments to audit transactions, and perform their obligations .
Because they see that bitcoin IS a ponzze schèmes and sôme see that it IS uses for washing money or some juste for controling the money cause some use or to buy weapon
I do not know why the government refused to use bitcoin and prohibited its citizens from using it because the use of bitcoin had been used before in illegal activities discovered by the authorities and they feared that their citizens would have the idea of using it for the same purpose. is not it better to use bitcoin for a country's economic growth?
You are right but who should tell them bitcoin is the best platform for both currency and investing wise.But people are using to convert their black money to White by using bitcoin and many people in my country did that so in order to minimize the effects of frauds government is banning Bitcoin and all the other famous altcoins. But eventually they have to surrender themselves infront of bitcoin as it is future.
I do not know why the government refused to use bitcoin and prohibited its citizens from using it because the use of bitcoin had been used before in illegal activities discovered by the authorities and they feared that their citizens would have the idea of using it for the same purpose. is not it better to use bitcoin for a country's economic growth?
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