Topic: Why do some government ban bitcoin? - page 64. (Read 12625 times)
Some government ban bitcoin because the government dose not get any tax or interest in this site. Secondly they don't feel safe.
Because of the features of Bitcoin that no one can track your identity. Cybercriminals are now laundering money using Bitcoin. And because of being anonymous when you send and receive money, some people buy illegal things using Bitcoin. Because of that Government are not legalizing Bitcoin because of those people who are using this as an object to do illegal activities.
Yes one of its reason is because of the anonimity but those scam cases regarding ICOs are more threat to the public because a lot of people are now investing to the digital currency market due to its earning potential and their way to enter the market is to invest in some ICOs. But there are people trying to take advantage on it by making fake site, fake tokens, fake whitepaper just to deceive investors. 
Because of the features of Bitcoin that no one can track your identity. Cybercriminals are now laundering money using Bitcoin. And because of being anonymous when you send and receive money, some people buy illegal things using Bitcoin. Because of that Government are not legalizing Bitcoin because of those people who are using this as an object to do illegal activities.
Some country banned the bitcoins because government did not understand the value and the beauty of bitcoins, i think is also a tax to earn a government, because bitcoins hard to corrupt by abuse position in the government.
I believe they ban it because they are scared of what bitcoin can do to us people. They will lose control over us once we earn a lot. The government has lots of secrets, so it's no surprise to me if they ban bitcoin one day.
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 they ban bitcoins because of two reasons:
They cannot regulate or control its use so they cannot get tax from it. They fear that illegal transactions will circulate more in the bitcoin world and they will have hard time preventing it.
They ban bitcoins because of its volatility. They won't risk investing on bitcoins especially now that the price for it so high.
In my opinion the main reason is taxation, the money we earn from bitcoin have no trail and we can cash that without paying tax to government. The other reason is that most of the investment is now happening in cryptoworld and due to that the investment in local market become less which is also a major concern of these government. Money laundering is another major issue behind that.
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 they ban bitcoins because of two reasons:
They cannot regulate or control its use so they cannot get tax from it. They fear that illegal transactions will circulate more in the bitcoin world and they will have hard time preventing it.
They ban bitcoins because of its volatility. They won't risk investing on bitcoins especially now that the price for it so high.
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 they ban bitcoins because of two reasons:
They cannot regulate or control its use so they cannot get tax from it. They fear that illegal transactions will circulate more in the bitcoin world and they will have hard time preventing it.
They ban bitcoins because of its volatility. They won't risk investing on bitcoins especially now that the price for it so high.
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.
some government banned the bitcoin because it can affect their economics and their management we know that the bitcoin is got nothing nor interest taxes and others that make pay for us. this is the advantage of the bitcoin and we knwo that the government become affected if the people was not pay taxes in their daily life. i think this is the one of the reason why some country banned bitcoin. also they cant concentrate in their economics because bitcoin was have a great contribute in the economy now 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.
I think they ban bitcoins because of two reasons:
They cannot regulate or control its use so they cannot get tax from it. They fear that illegal transactions will circulate more in the bitcoin world and they will have hard time preventing it.
They ban bitcoins because of its volatility. They won't risk investing on bitcoins especially now that the price for it so high.
its because it is out of control, poses a danger to retail investors, they wants its own coin,
Some Government ban bitcoin because they can't control it since its decentralize they won't be able to know how much a person is earning in bitcoin not unless the person will declare their earnings so they can't ask for tax to that person.
Exactly, fear of not being in control is the main reason some governments would rather Bitcoin is banned and not the excuses they readily put forward about the use of Bitcoin for illegal activities. But all that is much ado about nothing, Bitcoin have come to stay because it's proving to be people's vision of what money should be. 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.
The bitcoins is not bad. It's the government that gets scared to the things they cannot control. They cannot regulate nor tax bitcoins because they also cannot easily track the users in every transactions. Banning the use of bitcoins in one country could create connotations making the image of cryptocurrency bad.
Governments are scared of illegal activities been done using Bitcoin. As the transactions are complicated to track, they are taking the step of banning or limiting usage. But recently countries are trying to bring regulation against the usage of cryptocurrency. Banning in few countries might be temporary till they improvise full fledged plan to curb corruption possibilities and regulation policies.
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.
The bitcoins is not bad. It's the government that gets scared to the things they cannot control. They cannot regulate nor tax bitcoins because they also cannot easily track the users in every transactions. Banning the use of bitcoins in one country could create connotations making the image of cryptocurrency bad.
Governments are scared of illegal activities been done using Bitcoin. As the transactions are complicated to track, they are taking the step of banning or limiting usage. But recently countries are trying to bring regulation against the usage of cryptocurrency. Banning in few countries might be temporary till they improvise full fledged plan to curb corruption possibilities and regulation policies.
They can't control Bitcoin. Nobody can add a few zeros to their account unless someone has 51% of hashrate which is rather not possible. Some people are using Bitcoin for illegal transactions because it isn't easy to find out who you are if you know what you are doing and how to properly protect yourself. They will have to accept Bitcoin someday.
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.
it is not like that. in fact some countries just fear the vulnerability of bitcoin is difficult to set. because bitcoin has an anonymous nature. that's why some countries reject it despite some other factors.
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.
These countries ban bitcoins because they think that bitcoins and other crypto currency are threat to their economy and security. They don't appreciate the anonymity of bitcoins and they cannot regulate the use of it. It is there problem that they cannot track the users in the transactions thus, making the system open for illegal transactions.
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.
Some countries ban bitcoin because of its anonymity, those countries felt they have no control over bitcoin in their countries, they felt bitcoin encourage money laundry, they believe bitcoin can be use for illegal activities that is contrary to the laws in there countries or jurisdictions. Although there are some other countries that are currently studying bitcoin and to see how they can inculcate block chain into their financial system in other to better their countries. 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.
Bitcoin is not bad, it is even useful for simplifying transactions, making them more convenient. I think that governments banned Bitcoin because of its hierarchy, Bitcoin does not depend on any organization or individual. Many countries argue that using currencies that are not issued and controlled by a government or an authority is unlawful, they argue that it is not a real currency and that Bitcoin no legal instruments that can adversely affect their country. This is just my opinion 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 Government ban bitcoin because they can't control it since its decentralize they won't be able to know how much a person is earning in bitcoin not unless the person will declare their earnings so they can't ask for tax to that person.
In the case of Venezuela for instance, the government says that by mining bitcoins and later exchanging it into their local currency, its going to devalue their money further but in my opinion, they don't know anything about it, if he regulates the sell of bitcoins and accepts it, he is going to get some hefty money from exchanges who buy and sell bitcoins in the country. Jump to: