Topic: Why government announce bitcoin is illegal? - page 13. (Read 6074 times)
I think, in time, bitcoin will lose its anonymity, otherwise it will not be approved by the governments. The fact is that anonymity gives advantages to criminals who can finance activities while remaining anonymous.
bitcoin took the economy by storm. government have no time to counter or regulated them. the best way to stop the damage is ban them before any solid regulation is formed.
but in some non-illegal bitcoin countries like Germany and America, for example, in that country bitcoin is recognized as a legitimate payment instrument. For a government that prohibits the use of bitcoin because the government is worried about the negative impact of bitcoin on the country
Government announce Bitcoin is illegal because mostly people they use for illegal activities and government can't control it.
Due to the decentralized nature of BTC of which fiat currency is an exception, they want to boy court it. It has a greater future and some of the reason they are rejecting it is that, they wont get anything from it when BTC is accepted to be legal and that's why they are fighting against it in some countries.
We know Bitcoin is one of the powerful and top coin in marketplace.
But world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal
e eBut world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal
The government announced it as illegal because it does not come from the central bank. It is non taxable. They can not monitor such a big coin if it is an asset or investment so that they can impose the owner to taxation
Most governments do that for the above reason and our government is going to do that for the same reason that bitcoin doesn't come through the central bank and the other problem is it doesn't even go through a private bank or an organization during transfers so it is always beyond government tax boundaries and there is no way to collect them and no way to trace and they announce as bitcoin is illegal
We know Bitcoin is one of the powerful and top coin in marketplace.
But world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal
e eBut world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal
The government announced it as illegal because it does not come from the central bank. It is non taxable. They can not monitor such a big coin if it is an asset or investment so that they can impose the owner to taxation
Most governments do that for the above reason and our government is going to do that for the same reason that bitcoin doesn't come through the central bank and the other problem is it doesn't even go through a private bank or an organization during transfers so it is always beyond government tax boundaries and there is no way to collect them and no way to trace and they announce as bitcoin is illegal
Never bitcoin will not accept all the countries. Why should they? the state should regulate the currency turnover within the country. Here's what will be tokens inside the country, issued by the state - this is 100%
We know Bitcoin is one of the powerful and top coin in marketplace.
But world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal
But world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal
There was nothing in particular, it is just a regulations of cryptocurrency in their country. If they didn't say it is illegal, then they wouldn't ban it.
They only see bitcoin is used to bad activities. However, i am sure btc will be accepted by all countries if we keep using it for buying or paying something.
Yeah, there is no doubt, Bitcoin is one of the powerful and top coins in the marketplace. In my opinion, the government announced bitcoin is illegal because many people used bitcoin in illegal transactions. They found out in some cases after an investigation that illegal trading is being funded through bitcoin without any interaction of persons face to face.
I think not every where bitcoin is legal in some countries and if some governments ban this currency then after some time they will realize that bitcoin is important to present days and it is legal in most of the countries.
In my opinion, not all countries consider bitcoin to be illegal, but many also consider that bitcoin is legal. This is because bitcoin Virtual currency is without a regulator so there is no legal certainty and security certainty. As well as, the potential for use in criminal acts of money laundering and terrorism financing.
We know Bitcoin is one of the powerful and top coin in marketplace.
But world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal
But world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal
It is because many illegal works are done using bitcoins only...so government is thinking that bitcoin is illegal...they are not thinking that if those transactions are done using normal currency then it will also become illegal..So later on government will unban bitcoins because bitcoin is just a currency.
Because bitcoin uses peer to peer technology, without central authority. The transaction and verification process is carried out by the network without the supervision of the institution. So as to facilitate crime, such as buying and selling something forbidden (illegal goods). Because of this the government banned bitcoin
I myself am a man of the Republic of Belarus and we have the President made it clear that a good attitude to bitcoin ! He legalized it and decided not to take tax for the use of cryptocurrency ! Moreover, even if it is banned it does not mean that you can not use it because the blockchain technology allows you to use it anonymously !
a lot of government that are yet to approve cryptocurrency will definitely accept it with time. Bitcoin is fast gaining ground worldwide
Because the government seems to have no control on it, so thet say it illegal and it will cost a bad effect on
banks.
i totally agree with you but bitcoin is already accepted in some countries. Hope it will soon be legalized worldwide banks.
not all countries whose governments illegalize bitcoin there are still many countries legalize bitcoin. but of course there are also some countries whose governments prohibit bitcoin. the government prohibits bitcoin because they think bitcoin is difficult to control and very high risk if used by irresponsible parties
with bitcoin there will be no way for fraud and this compare to normal currency they have access to all time
i just think because bitcoin is used for crime and money laundering. that's the reason why people think that bitcoin is not good
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