Why do some government ban bitcoin? - page 60.

Chachacoin17

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Quote from: Absentis on September 08, 2017, 12:00:36 AM

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.

These nations who had ban bitcoins because they are so much proud and so much patriotism was applied to there country that they think bitcoin is a treat into their nations loyalty except if they are the first to discovered the bitcoin . Most of these countries are communism government in which they know that they cant control bitcoins because is was decentralize currency. Lucky for us, our nations give us freewill and freedom.

Yes, I somehow agree with you mate. Like China, a Communist country did it. Their government always has the power to do what their government wants without the majority decision. Good thing we are in a Democratic country! Another thing is, that's why.bitcoi is banned by other countries because it is decentralized and it's out of government's control.They can't taxed it.

Sadlife

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They ban bitcoin because it is a threat to their fiat debt based system that is centralized and designed ti oppress, exploit and control the people they wouldn't let a digital currency ruin their money making method that is way better and that is supposed to be what their fiat currency is. Because it lets telhem send payments globally, it's secured, low fees an decentralized. That's why they ban bitcoin in their countries.

subSTRATA

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Quote from: kramchers on October 22, 2017, 11:56:25 AM

because if the popularity of the crypto on their country and so much big money are circling around its citizen which the FIAT is reducing the uses, though they cant get any tax with the crypto! thats clearly why ! also the bank issue in investment.. many are shifting to bitcoins !

honestly dont think this could be it, even if bitcoin is booming right now, i still think the actual percentage of people who use bitcoin hasnt event broken 3%, although there could be actual stats that say otherwise (this is just my personal take on it, i don't run into very many people who actively use bitcoin). in addition, japan's government is fully supportive of bitcoin (although there are rumors they plan to ban ICO's, those are ust rumors, and are not tied directly to bitcoin itself), and that is something i have personally witnessed myself. in tokyo, there are many merchants (saw it more so in larger stores, hardware stores especially) that openly accept bitcoin. id assume these stores do pay taxes for legal reasons, but i dont see how the government would be able to track individual citizens who use it without disclosure on the users' part.

FRJ

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I think the goverment those who have banded bitcoin think it is a threat to banks.Because it is out of central bank's control.Again,bitcoin was used in many illigal activities before. So,they are may afraid of these reasons.

Jaydeepjani

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Government banned Bitcoin because it will bring a decentralised economy and govt cannot control crypto . Bitcoin is volatile and govt has therefore banned bitocin

Astvile

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government ban bitcoin because they cant control the crypto. bitcoin is decentralised and is very volatile. i also think governmet ban bitcoin is because it is not dependent on usg or gold

stompix

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Quote from: fiulpro on October 22, 2017, 12:12:23 PM

They wish to prevent thw outflow of currency

Quite normal, there is no country that want money to flow out of the country.
Even goverments that have not banned but legalized usage of BTC are having the same policies.

Quote from: fiulpro on October 22, 2017, 12:12:23 PM

They want to control the price of bitcoins

Once you ban it, it doesn't matter what the price is.

Quote from: fiulpro on October 22, 2017, 12:12:23 PM

Many governments see it as a threat to their national banks

Apart from a few dictatorship states nobody really believe in this threat.

Quote from: fiulpro on October 22, 2017, 12:12:23 PM

Many governments thinks bitcoins are made to defeat their economically big market that the posses.

I really don't understand what you wanted to say.

Quote from: fiulpro on October 22, 2017, 12:12:23 PM

They think it will give rise to crimes and all

Every technology comes with a lot of crimes. This is the human nature.
Telephone scams, email scams, viruses every invetion was at least once used for crimes.

Quote from: SixOfFive on October 23, 2017, 01:42:56 PM

Due to decentralized in nature, if BITCOIN become popular then govt. will lost control on the economy. This will arise problem like illegal transaction, Money laundering, Drug abuse and Tax evasion. Therefore, govt want to ban it or regulate it under certain laws so that Economy could remain in their hands.

The goverment can always control the economy be it cash or bitcoins.
How do you think they are doing now and how do you think they managed durin the roman empire?
Tax evasion will be the same as it is now, you get paid in cash you get paid in bitcoins it's your choiche to take the risks and lie.

bozo333

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Quote from: onetwostep on October 23, 2017, 02:13:20 PM

Because governments scared bitcoin.
This is new financial system and any government beat bitcoin

He don't no the bitcoin process and it how to work and how to improve the country. Government thing it affect the country. but it not affect the other currency. So it will help to the country and people improvement for the future gaining. Bitcoin is future for of the currency it transaction for the get the future improvement.

onetwostep

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Because governments scared bitcoin.
This is new financial system and any government beat bitcoin

meliodas

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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.

They must be thinking that bitcoin will take over. Let’s admit that bitcoin can affect a lot of things. Like economy, unemployment rate, etc. So some countries assume the worst. Thus, banning bitcoin.

CisColtz

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Well come countries fear the bitcoin and it's technology because it's not regulated and so on but this are just early phases , because sooner or later the govs will accept bitcoin no matter what. Also you can focus on other coins if your country don't allow btc. Also don't forget about bounties , you can click on my sign to find more.

SixOfFive

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Due to decentralized in nature, if BITCOIN become popular then govt. will lost control on the economy. This will arise problem like illegal transaction, Money laundering, Drug abuse and Tax evasion. Therefore, govt want to ban it or regulate it under certain laws so that Economy could remain in their hands.

CryptogagaNews

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Probably because they don't know much about it or they are been selfish.

androidpobeditel

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Bitcoins and other virtual currencies are especially worrisome to the authorities, because such payments are extremely difficult to track - transactions are negotiated between buyers and sellers who may not even know each other's names.

JollySkipper

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Because they want to control where the people spent their money and collect taxes. With cryptos can't do this.

usekevin

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Quote from: fiulpro on October 22, 2017, 12:12:23 PM

They wish to prevent thw outflow of currency
They want to control the price of bitcoins
Many governments see it as a threat to their national banks
Many governments thinks bitcoins are made to defeat their economically big market that the posses.
They think it will give rise to crimes and all
There are many reasons, from.weird ones.to the ones who are legit.

My opinion is the government of many country had think the bitcoin will be the thread for their Country economy Growth.If the people of their country start to inverse in bitcoin means,they will stop to inverse in Market trade and that will impact their Economy.Even they had a fear that the bitcoin will replace their currency soon.If so,they can't able to control the people in the sense of Money.

Matimtim

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In my own opinion the government ban the bitcoin in their country because bitcoin is very easy to use to send around the world that is why there is higher possibility that bitcoin transaction is hard to detect does not like a bank and no one knows how to impose tax in bitcoin to have goverment income in that part.

fiulpro

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They wish to prevent thw outflow of currency
They want to control the price of bitcoins
Many governments see it as a threat to their national banks
Many governments thinks bitcoins are made to defeat their economically big market that the posses.
They think it will give rise to crimes and all
There are many reasons, from.weird ones.to the ones who are legit.

ShadyMash

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because the people who use bitcoin for there transactions are anonymous.so lot of illegal things like weapon exchanges,funding for terrorism etc., doing using bitcoins.that is the major headache for the government.and the low against transactions,applying of tax also cant use against Bitcoins.

kramchers

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because if the popularity of the crypto on their country and so much big money are circling around its citizen which the FIAT is reducing the uses, though they cant get any tax with the crypto! thats clearly why ! also the bank issue in investment.. many are shifting to bitcoins !

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