Topic: Why government announce bitcoin is illegal? - page 14. (Read 6074 times)
The start of every good thing has its own challenges and as we witness in time past most govenment never liked the idea of bitcoin but with time most country made it legal and still illegal in some countries. Am sure by reason of some uncleared doubt about bitcoin for such government if a thorough true indepth of what bitcoin continues to trend accros the globe most government will buy into this brilliant and life changing machine of bitcoin to better the life of their nations.
I think general people have got misconceptions more than the actual value of BTC. And various governments banned it. But good news is now many countries are realizing the value of it and started working with it
The purpose of make it illegal is government don't get what they want from bitcoin and crypto currency and thats why by announcing it illegal government want to prevent the users from using it.
The existence of bitcoin is treat to poverty and most of our government do not want anything that will made people in their respective richer than them. Government of a nation want to remain relevant and bitcoin is a non centralized currency and therefore no government have power over it.
Simply because they can't control it like they control physical assets and money...
Some countries will think the adverse effects will be even higher with the existence of Bitcoin and illegal transactions that will be increasingly high in the virtual world.
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
Main reason behind is that many people are using it for many illegal works and also banks in different countries don't have control over cryptocurrency 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
I think because it has no tax or other charges that the government get from it. Every job in a certain country, and every person's income is reduced because goverment deducts a little amount in it. In bitcoin, they cant do that because it is not their property so they illegalize bitcoin and I think other cryptocurrencies too.
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
i agree we also known that bitcoin is the one can help us or who still helping us in what situation, maybe they think its illegal because they dont know what is the good in this kind of job 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
Cryptocurrency is considered to have negative consequences and high risk for traders. Like, crypto market volatility, potential fraud, anonymity, and the existence of contracts that have no legal or fictitious power, cryptocurrency trading is outside the scope of government oversight and is also well known for use in prohibited activities, for this reason the government announced illegal bitcoin.
After regulations are in place, AML BitCoin will be the only crypto in the market that will be accepted by governments and all financial institutions.
I think that because bitcoin's influence on the world today is big enough for governments to bite bitcoin is legal.
There are some countries like this. Who have not yet adopted Bitcoin. There the government feels that using Bitcoin can lead to an increase in illegal activities in their country. For some such reasons, the government has declared Bitcoin 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
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 are some, but it doesn't apply to all governments. Also, when a government proclaims that cryptocurrencies are illegal, they mostly qualify it to some activities only and not all actions that are related to it. For example, in Europe, there are some countries that deemed "mining" cryptocurrencies illegal, while at the same time, not limiting those people who are transacting or doing investment-type businesses with it. Also, the act of banning or controlling cryptocurrencies is not really purely to suppress it, sometimes, governments do that because they want to save their people from experiencing bad business that is quite rampant these days with cryptocurrency transactions. Others, like China, ban other coins in their bid to support the coins that come out of their own market.
I think that the only problem for the government is that btc is impossible to control. They don't like the fact that btc provides users with the confidentiality and that's why to my mind, they want to ban it
The government thinks people can make bad use of bitcoin. They can use it for money laundering as well as for buying drugs. That's the reason government announces bitcoin is illegal.
Bitcoin's advantage is that it helps investors make profit and pay off their investments. But it is also used by criminals to wash their dirty coins to avoid the law.
An item can be said to be legal when there is an entity or state that issues a decision that the item exists and can be used, but if no one has acknowledged it, it can be said to be 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
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
Because the governments have there own view about Bitcoin and the cryptocurrency market which is something that to disrupt the current financial system and to make things easier for criminal activities so from there perspective Bitcoin is black money with the capability to become untraceable in any transactions but few really know it is a complete lie and there is no way Bitcoin can do such a thing to the world
Because the government seems to have no control on it, so thet say it illegal and it will cost a bad effect on
banks.
banks.
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