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Topic: Why do some government ban bitcoin? - page 54. (Read 12625 times)

full member
Activity: 378
Merit: 100
November 12, 2017, 08:26:24 AM
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.
full member
Activity: 434
Merit: 100
November 12, 2017, 08:19:06 AM
government ban bitcoin simply because they can hold it means that they cannot control us in bitcoin. These factors only shows them that they have no power over us in terms of bitcoin. To maintain power, they remove what causes their weakness which causes for bitcoin to be banned. But if ever the government had a solution to this problem then they would not ban it cause they will profit to it now. While other government embraces the fact that bitcoin is for all and they cannot do something about it, since they could see that their economy is getting better.
full member
Activity: 323
Merit: 100
November 12, 2017, 08:11:34 AM
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 some government ban the bitcoin or crypto because they want to be fair with other people who had no knowledge about computer. They want all the people fair. But they don't think that the bitcoin help our country and our economy raise up. I want all of the people use bitcoin to earn money in easy way but they need to work hard to earn more money.
full member
Activity: 294
Merit: 105
November 12, 2017, 07:54:18 AM
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.
member
Activity: 150
Merit: 10
November 10, 2017, 02:48:37 AM
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.
member
Activity: 168
Merit: 10
November 09, 2017, 11:18:38 PM
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 . 
full member
Activity: 434
Merit: 105
November 09, 2017, 10:09:20 PM
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
Yes, getting free tax comin from bitcoin is one of the reason why some government getting banned. Some others reason is the central governments see bitcoin as a threat to their control over the economy, since nobody can control bitcoin as it is decentralized. They can't manipulate bitcoin into doing whatever they tell it to do.
newbie
Activity: 35
Merit: 0
November 09, 2017, 09:57:14 PM
because it is out control of central bank and not depeond on $ or gold or oil
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 .

True, they think that on Bitcoin they cannot earn money which Bitcoin has no Tax so that some of government not allowed Bitcoin in some countries and also banks can affected too if Bitcoins if they do to be Legal
sr. member
Activity: 308
Merit: 250
November 09, 2017, 09:53:31 PM
The government may not like crypto currency, which will become the currency of a country.
member
Activity: 406
Merit: 11
November 09, 2017, 09:45:11 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 some government ban bitcoin because its says that it is an illegal so it we called a Scam, Some of them they do not know what is the useful of Bitcoin and they thinks that Bitcoin might affect on banking. Thats why some of them didn't trust the Bitcoin
full member
Activity: 420
Merit: 101
November 09, 2017, 09:37:34 PM
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
full member
Activity: 336
Merit: 100
November 09, 2017, 09:30:24 PM
It is because bitcoin is capable of replacing paper money with it. Bitcoin is currently used as a mode of payment for services online soon it will be used for foods and not only online
newbie
Activity: 14
Merit: 0
November 09, 2017, 09:26:24 PM
In my country, if we has another currency, Bitcoin, with the full function of a Vietnam Dong and strong foreign currencies, it will be very difficult for the State Bank of Vietnam to run its monetary policy.
jr. member
Activity: 39
Merit: 10
November 09, 2017, 09:21:55 PM
This money is preferred for anonymous payments and is not administered by any organization or country. So the risk of money laundering, "bleeding" of money, or the use of criminal offenses like WannaCry is unlikely to prevent.
full member
Activity: 450
Merit: 100
November 09, 2017, 09:11:01 PM
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.
newbie
Activity: 18
Merit: 10
November 09, 2017, 08:42:47 PM
I think governments have difficulty managing BTC
full member
Activity: 152
Merit: 100
November 09, 2017, 08:34:44 PM
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?

sr. member
Activity: 602
Merit: 255
November 09, 2017, 08:23:51 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.  



Its because bitcoin is not traceable, all transactions are hidden thats why goverment ban bitcoin in some countries. It can be use in illegal transactions.
member
Activity: 159
Merit: 10
November 09, 2017, 08:17:47 PM
Some government ban bitcoin because they are not able to control it. Government cannot be involved to the activities of the 2 users; they cannot ask tax. Somehow, bitcoin didn't benefits them in easy way.
member
Activity: 238
Merit: 10
November 09, 2017, 08:01:34 PM
because it is out control of central bank and not depeond on $ or gold or oil

Thats true. Its out of control from central bank. Goverment side watch bitcoin as a dangerous investment so thats why they ban bitcoin.
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