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Topic: Why do some governments prohibit bitcoin circulation? (Read 200 times)

member
Activity: 125
Merit: 14
Bitcoin is digital currency which is anonymous. Thanks to her we do not have to pay tax and there governments sees the problem.
copper member
Activity: 882
Merit: 110
Is this the same with "why some countries banned bitcoin?" thread?

Because everything beyond their control gives fear to them. That's why they keep on denying bitcoin's existence. They have no control over it.
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
do you actually know any countries that have actually prohibited bitcoin "circulation"?

because so far i have seen exchanges being banned, ICOs being banned, banks being banned from investing in bitcoin and even banning businesses from accepting bitcoin. but never "circulation". maybe you are calling one of these as circulation.
and the number of countries doing that is too few. and some of these bans are perfectly justified. like banning ICOs (since they are indeed illegal).
member
Activity: 150
Merit: 10
Because bitcoin is free and state-controlled, some countries think bitcoin can affect the economy. Bitcoin is anonymous, so some criminals can use bitcoin to make some criminal transactions, and the state is not good for management. Therefore, some countries do not like bitcoin. Sad
legendary
Activity: 1120
Merit: 1004
Because in the world there is a plague called leftism. This plague, combined with all its derivative, socialism, communism, has just one thing in its idea : enslave its own people. For example, communist countries ban about everything that could make people get out of the power, because they could revolt. That way, better keep out of the country anything that could open their mind or brake their chains. Bitcoin brings financial freedom, from which come all the other freedoms, so definitely an ennemy for these countries.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
Some governments of certain countries doesn't like bitcoin probably simply because it's a currency whereas they have no control upon. Also, knowing that bitcoin wallets/addresses are anonymous to an extent, they probably couldn't receive taxes from people doing eCommerce with bitcoin payments.
full member
Activity: 504
Merit: 100
I also strongly agree with your opinion that bitcoin is very helpful in economic growth, for example me myself, I was in the financial field very unable to buy goods I wanted, but after I know and live and understand bitcoin I can get and feel the results of bitcoin, I'm now able to buy the luxury goods I want, and I'm free and free of finance.
member
Activity: 89
Merit: 10
Some countries are just scared of the power Bitcoin gives to them and the lack of power it gives the government. Some fear it because it can't be regulated easily and it can be funded for malicious things.
member
Activity: 68
Merit: 10
In my opinion, I think bitcoin flow is very good, help to diversify the economy, help the economic development, very good! Grin
What do you think?
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