Topic: Why do some government ban bitcoin? - page 6. (Read 12625 times)
Because 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.
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.
as far as I know the bitcoin is not as bad as what is said by various people, indeed first not know bitcoin sometimes our thinking is negative, if already start it will be positive.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.
Most people or groups of government who do not know more about the meaning of bitcoin, than most people only hit the negative side without realizing that bitcoin has almost spread to the entire world government, there's just someone who does not like the existence of bitcoin, which may of the bitcoin competitors themselves ...
Because the government is afraid that the economy will collapse, people will become richer. Full decentralization and so on. The question is certainly controversial, since on the other hand some kind of control of the financial system in the country is needed. But I'm for bitcoin. After all, he has many advantages, which do not see power.
I think the government do not support bitcoin because it is seen as a threat to the banking industry. If you look at bitcoin transactions, tracing of receipts and payment may be somehow difficult or even impossible.
It is always assumed that one day digital currency will replace physical currency. Due to block chain technology the government of any country is not able to control the transactions of Bitcoin. Also there is no reverse facility available which means if a transaction is done in any wrong wallet then there is no law to claim it back till today. So there are so many fear factors are associated with use of digital currency thats why government have no other option except banning it.
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 it is because some countries goverment see bitcoin is not secure.
they cannot identify the bitcoin user if the user use illegal activity using bitcoin.
Beside the past most of the countries are bitcoin friendly and soon people will use this for online payments and if some governments not allowing bitcoin they have some regulations for crypto and now the people are happy due to this currency it is also a good job service and through online money you can pay for many transactions and it is good for the future.
The government is afraid of bitcoin, because it cannot control it. Bitcoin is a digital, decentralized currency people can trade directly with each other without the third part. The transaction of money can be done globally and free of cost.
governments want to ban governments in other countries because bitcoin has no tax so bitcoin does not pay yearly so government does not want bitcoin so wants to ban
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 all over the world are attempting to ban bitcoin in one form or another, but they're finding it almost impossible to slow enthusiasm. 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.
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.
Some countries does not prohibited bitcoin trading or even banning crypto market thoroughly because of security issues. Some of it was due to rampant scams all over the crypt place. This event alarmed and push them to act in preventing more issue to occur.
the federal government forbids itcoi just because they are worried about the use of bitcoin will change the legitimate forex, because bitcoin can not be controlled so as to make safe strategy banned bitcoin.
Long story short, when governments are scared and don't know how to control something (because they are control freaks) in terms of tax and tracking, they tend to just throw bans until they get a grasp it. Kind of like online gambling in the US when they slammed down the UIGEA, but more and more states are now being legalized. I have a feeling the same will be for Cryptocurrencies, there will be mass acceptance eventually but it will be a long and arduous process.
Governments can definitely try to prohibit the use of bitcoins within their borders (and some already do so), such prohibitions can not become fully effective.
The main reason some governments ban bitcoin because they afraid bitcoin will be disrupting the stability of their country's official currency and uncertainty of digital currency, also tax fraud concerns, cryptocurrency fraud, bitcoin hacking and avoid money laundering. Another reason is the fear that digital currency is used as a financing for terrorism. Some countries such as China and Ecuador also ban bitcoin due to will issue their own digital currency.
Indeed, let's think about if Bitcoin becomes so popular and its value is soaring, it is becoming much more difficult to track down criminals through transactions through cryptocurrency transactions. In addition, decentralized exchanges also help people escape tax perfectly, when people always want to transact, their property is completely anonymous if the government checks and tracks these things. 
Less control and regulation, and it is dangerous, including for national currency. I think the regulation of cryptocurrencies, which now want to enter some state, do not hurt, moreover, that the advantages of the blockchain they have already accepted
The main reason some governments ban bitcoin because they afraid bitcoin will be disrupting the stability of their country's official currency and uncertainty of digital currency, also tax fraud concerns, cryptocurrency fraud, bitcoin hacking and avoid money laundering. Another reason is the fear that digital currency is used as a financing for terrorism. Some countries such as China and Ecuador also ban bitcoin due to will issue their own digital 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.
as far as I know the bitcoin is not as bad as what is said by various people, indeed first not know bitcoin sometimes our thinking is negative, if already start it will be positive. 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.
bats the bitcoins of other governments like the china government because they want to control their bitcoin price so they ban it in their country.
Because it has no formal basis and regulatory authority, bitcoin is prone to be misused for illegal transactions, money laundering, and financing of terrorism. There it is affirmed that all transactions conducted in each country are required to use their respective currency. The circulation of bitcoin is also illegal because it is not reachable by the Central Bank. This could potentially lead to markup values. Therefore, the transaction of speculative virtual currency values. Not only harm the society later, such transactions can also disrupt the stability of the state financial system.
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