So the government says that bitcoin is illegal because of its misuse as well as investment schme. Pyramiding schme and many others that cause people to fall victim to and believe that bitcoin is a type of scam. So we can not blame the government here because they protect our citizens, But they should also study it well enough to know what the real bitcoin really is and how it helps us to speed up our transactions ,
Many factors that we may considered why they announce bitcoin is illegal, for me first is they cant controll it, bitcoin second is they cant put taxes on bitcoin thats why they say its illegal and third is bitcoin is used in illegal transactions and trades, they uses bitcoin as a payment. 
Topic: Why government announce bitcoin is illegal? - page 15. (Read 6074 times)
Not every government has done that. I believe still some governments are not aware of the extent that bitcoins and cryptocurrencies can influence banking, investing, as well as the society in general. Some governments are actually planning to commission their own cryptocurrencies knowing very well the impact that it has on society. Furthermore, along with cryptocurrencies, blockchain technology is also a huge step forward in terms of secured, much faster validation, transactions etc. So I guess some governments are still trying to understand what's the heck is this, and trying to modify their laws and regulations whereas others are issuing their own cryptocurrencies.
government often announces that bitcoin is not legal simply because tax connot be diductect from it and also banks as government own has been going against it because money will be taken away from bank and beign invested in cryptocurrency
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
No not all the government are taking bitcoin as illegal. There is no way to generalize how each government on every country how they internalize and decide what to do with the bitcoin system. There are government that are open on cryptocurrency and are currently regulating bitcoin system. 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
Bitcoin is well known all over the world, being used as a tool for payment, commodity transactions. However, not all countries accept Bitcoin, even if Bitcoin is completely banned, the sale and use of it is illegal.
The central banks of these countries do not want any currency to compete with its own currency.
The central banks of these countries do not want any currency to compete with its own currency.
So the government says that bitcoin is illegal because of its misuse as well as investment schme. Pyramiding schme and many others that cause people to fall victim to and believe that bitcoin is a type of scam. So we can not blame the government here because they protect our citizens, But they should also study it well enough to know what the real bitcoin really is and how it helps us to speed up our transactions ,
because the way bitcoin transactions can be used to transact in bitcoin exchange payments, one day the people will certainly recognize bitcoin as a material for work.
This coin is really new and has not been studied yet. The main point why she is not willing to admit to be illegal is her control, which is impossible. In a sense, it can spoil the economic system if everyone switches to bitcoin))))
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
Maybe because many people used bitcoin in illegal transactions that is why they think its illegal. Well if that is their opinions and thoughts about bitcoin , we cant blame them. But we believed that bitcoin is very helpful to us.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
yes this is one of the main reason why governments are announcing bitcoins are illegal because they found out in some cases after investigation that illegal trading is being funded through bitcoin without any interaction of persons face to face . its the most safe way of monetary trading for hackers and other illegal stuff holders to continue their transactions without being noticed by the agencies which are working day and night to stop illegal use of bitcoin and other currencies to trade .
Bitcoin helps us pay for digital money. At the same time, Bitcoin also helps criminals to launder money. Therefore, the government issued a ban on Bitcoin being allowed to circulate.
I have not heard anything about government proclaiming bitcoin as illegal in my country. I will say it is only some country that doing. Probably such country only considered the disadvantages of bitcoin not considering the advantages part.
I have not heard anything about government proclaiming bitcoin as illegal in my country. I will say it is only some country that doing. Probably such country only considered the disadvantages of bitcoin not considering the advantages part.
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
Not all government body saying its illegal. But maximum government body thinking it negatively so they saying its illegal. But i think if any government body think that he will use it in legal way for his inhabitants he may use and make rules and regulations for it. So people will be bond to use it legally. Just government have to think BTC can help us in various way.
There are reasons as to why government deemed it illegal, or, let us not say all governments because we have some that have come to embraced it and are thus using it as a tool to make something out of their battered economy. To such governments who are in the minority, Bitcoin is not illegal, but to governments who I think have a booming economy and have no reasons to use Bitcoin has a tool for economic recovery, Bitcoin is. And they have reached that conclusion largely to the volatile nature of Bitcoin which could make money laundering easier and wouldn't be traced. One can not neglect the threat posed by these terrorist organization, with Bitcoin and its payment methods, you can't really trace how these lads are funded. And I think governments want to stop this money flow.
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
Maybe because many people used bitcoin in illegal transactions that is why they think its illegal. Well if that is their opinions and thoughts about bitcoin , we cant blame them. But we believed that bitcoin is very helpful to us.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
Those governments that frown at btc, it wont be a news to me if they have huge amounts of cryptocurrencies else where. All they know is that BTC is going to be one of the best currencies to overtake the fiat currencies and that they have to put a stop to it.
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 think because Bitcoin is an anonymous business and we do not know anything about it. It's a billion dollar business but we have no information about it and the government does not know it. So the government needs to make illegal declarations to help people avoid being cheated. 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
In which country do you live? I have not heard any statement from the government that the btc is illegal, if it is true, the news already exists, in my country the government seems indifferent and turns a blind eye to the existence of btc, that is what I know, indeed many people comment that btc is illegal it might be due to the impact there are those who use it for something illegal, but so far the government has not given a signal to make it legal, I'm still safe
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
The main reason for the government in banning bitcoin is because Bitcoin has a threat to the economy in its country. What we know is that the price of Bitcoin is always changing all the time and it could disturb the economic situation, it is actually right because price fluctuations can make various situations chaotic and uncontrollable.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
for me banned the government bitcoin elsewhere because it's in their mind that they do not pay taxes, but here in the US is not banned by bitcoin because it is a great help to our countrymen especially in those who are poor and unable to work. Because we pay taxes when we withdraw money from the bank
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