Topic: Why do some government ban bitcoin? - page 53. (Read 12625 times)
Bitcoin transactions are encrypted and while they can be tracked by involved parties, bitcoin provides a way to keep money and transactions away from the prying eye of the regulators. There is a risk that it could be used to fund crime or illicit terrorist activity — another reason is that it can be a route to circumvent capital controls.
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.
My opinion is that every piece of modern technology can and is used for locating people for example did you ever read what are you accenting when installing any application for smartphones?And as for countries baning btc that is really unlogical there shouldn't be any law for it (but there is always a problem when people earn and countrie doesn't profit) 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 they don't have control over it and likewise they cannot approve what they are not accountable for
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 ban bitcoin because it has no tax. Bitcoin is using transaction to deliver the payment of someone to one another. Governmet cant track that transaction because it is has many anonymous users and it is decentralized. It means that anyone and everyone can use bitcoin all over the world. 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.
Simple answer: They do not want to lose control.
in some country it cause bad effects. and it doesnt depend on gold or oil
Because bitcoin is currently tax-deductible, leading to the outflow of capital in many countries, and the majority of bitcoin think it is still a big risk, many governments bar 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 why do some government ban the bitcoin in their country, because they think that the bitcoin is unfair to other people who no knowledge about computer. So they think that the other people envy to other people who earned here in bitcoin by posting but some people who are no knowledge about computer and working hard.
In my opinion, some government ban bitcoin. Because to their laws, jurisdiction and identity. Some users use bitcoin, to do there illegal work, buying drags and smuggle materials and many way more.
Ban of region cannot stop the progress and bitcoin had proved this thing in past that it is unstoppable and same thing will be continued and the regions which are banning bitcoin they will regret on their decision because bitcoin is the leading way toward the development and progress and banning it means that government is cutting off that bridge bitcoin is not depending on the regions but regions are depending.I guess in near future, bitcoin will evolve more then governments will start approving it or at least start staying neutral and will ask people to act at their responsibilities.
because it is out control of central bank and not depeond on $ or gold or oil
I agree that bitcoins is banned by the government because it is out of the governments graps to control and moderate it. The government inhibits something outside of their law specially when it comes to economy. But in asia specially in japan bitcoins are widely accepted by their government.
Bitcoin banned by different countries is the reason because Bitcoin uses any identities are i and it illegally uses most people. The use of bitcoin is mostly done by tax evasion of most governments.
I agree with you goverment trying to banned this bitcoin because of the free tax coming from bitcoin and one thing that i know goverment hate or banned the bitcoin is because they theory is bitcoin is only a scam or a big fraud in my country bitcoin is legal so i hope that this bitcoin is legal forever in our country 
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 behind the banning of bitcoins from other countries is because of how it is converted to fiat money. Well, that's the case for Philippines. Right now, our government is trying to find a way to regulate the conversion of bitcoins to fiat money. They even tried to drown bitcoins by broadcasting to the masses via the news saying that bitcoins are a form of scam and should not be invested onto. Of course, some of us didn't listen and still pushed through with the investment. People who don't understand resent the idea.
Bitcoin is decentralized, thus the government has no control over it. The government wants control over everything, if they can't have control over something they make it look bad and then ban it. All the while making people think that they were doing for the greater good but they weren't. They can't tax it as well thus they can't earn from it as well.
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 always hear this . i want to tell you that some goverment hate this us because they said that bitcoin is only a fraud cryptocurrency yes i agree to goverment because when you see now some investor have an advantage because they know that bch is going increase so they buy bch before the bitcoin goes down i think this is bad and i'm worried about this.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 it is out control of central bank and not depeond on $ or gold or oil
There are lot of reason why they banned bitcoin. One of the reason why they banned it is because they can control and we all know that bitcoin is decentralized where no one can control it. In addition to that, we all know that bitcoin was tax free so that they banned because they could not get any tax.
i think they just want people not to depend on bitcoin due to its high price than other currency,and also some countries use it for illegal transactions and some are just using bitcoin for scam because they know now a days bitcoin is popular to all countries.
Because Bitcoin can destroy banks' ecosystems and this is not good for governments and leaders, if Bitcoin is widely used in that country, the economy may be affected serious and difficult economic development
They are just afraid to see bitcoin rising and many investors are comming to bitcoin and start withdrawing their money on thae banks and other old investments! and they cant earn on bitcoin for taxes 
Because bitcoin can not be controlled, the government can not control bitcoin, worrying that bitcoin can undermine the economy. And bitcoin is anonymous, Bitcoin is exploited by criminals and the government can not track it.
that is not the reason, actually bitcoin can help the economy of any one's country, it helps every nation to grow unimaginably. some government officials in other countries banned bitcoin because they are just scared because in the future, they know that it will not be controlled by anyone due to its demand. I guess,Some government's impression about bitcoin is that it's heavily used in money laundering and crimes that's why they ban it. this is every government is own right.i feel that,today and tomorrow it will be legal .
indeed, bitcoin is used in crimes by sending funds anonymously. we all know that, but its all about the people who used it. we are all hoping that bitcoin become legal around the world. i want to experience the feeling of buying everything i want by the use of bitcoin.Because if they allowed it, other banks may have been ignore or others if allowed bitcoin some people used this in bad things. But the main cause for me to what government ban bitcoin is to they get no interest from the people who earn bitcoin in other words they got no money .
you mean by collecting tax to the people who use bitcoin and earn money through it? actually that is one of the main advantage of bitcoin, since it is untraceable of whoever send and receives it no one will know who they collect the tax with. that is also why they dont want to support it. 
Generally currencies are backed by the Central bank or by the government of that country.
So it is easy for the central authority to keep a control over the currencies.
Bitcoin is a decentralized, peer to peer operating currency.
So all controls are in the hands of its users, government / central bank has no role to play.
This is the biggest problems of all the governments over the world, they never want to give up their hold over economy. Addition to this, countries like, Australia, China, Japan are facing problems like gun & drugs trafficking, money laundering.
So these countries are planning to put regulations on bitcoin transactions.
So it is easy for the central authority to keep a control over the currencies.
Bitcoin is a decentralized, peer to peer operating currency.
So all controls are in the hands of its users, government / central bank has no role to play.
This is the biggest problems of all the governments over the world, they never want to give up their hold over economy. Addition to this, countries like, Australia, China, Japan are facing problems like gun & drugs trafficking, money laundering.
So these countries are planning to put regulations on bitcoin transactions.
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