Topic: Why government announce bitcoin is illegal? - page 17. (Read 6074 times)
No you are wrong.. Not all the countries says the bitcoin illegal, some of them says it. Think about it first.. If all the goverments says that how can the bitcoin and cryptocurrency markets can stay open?? There are some bad ways that you can use bitcoin yes but in near future it will end.. Goverments searching the way for having taxes for cryptos so it is not illegal!
Perhaps, it is because bitcoin is decentralized and they don't have control over it.They think bitcoin is illegal because they want people to still onvest in their financial institution.
Some governments do not accept bitcoin as they think biccoin is illegal because they think bitcoin will make them lose control and they are afraid that bitcoin is bubbling.
The reason for prohibiting is in the framework of implementing the precautionary principle, maintaining business competition, risk control, and consumer protection. The hedging is to prevent crimes, such as money laundering, terrorism financing, and safeguarding the sovereignty of state money as a legal payment instrument in a country.
I dont know why governments do such things and there are no solid reasons they have given to the world for baning.
governments do such things and there are no solid reasons they have given to the world for baning and making certain restrictions against Bitcoin to use as a digital currency.
It's just simple Bitcoin is giving traditional currency tough time and also governments have found out that there is a massive switch to BTC and are trying to see if they could halt that, therefore they are trying as much as possible to see if the could regulate the system.
because we know bitcoin as a scam and for that stealing money in our government maybe as some of people will not know doing bitcoin as banking and financial, people think bitcoin as illegal.
This is because governments have not yet found a way to control revenue from the crypto currency and how to tax it all. I'm sure that as soon as this method is found, the governments will begin to say that the crypto currency is legal, it's very good. For people to deal with crypto currency and pay taxes.
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
Governments were against Bitcoin and cryptocurrencies from the beginning mainly because its decentralized nature and now no matter how potential Bitcoin is seems they only point and show the bad side of it which is a great thread to the future of Bitcoin and its progress and due to that many investors who are new to the industry afraid to invest in Bitcoin and holders who posses a certain amount are trying to leave by selling them which is a bad situation
It's not true, BTC isn't illegal all over the world. Some countries try to have crypto under control because they want to protect their economy, and it's no wonder to me. Sure, it's the easiest way though.
You are right, because I like to be well informed of what is going on in the crypto-universe and I have also noticed that: there seems to be a growing enthusiasm around the world to adopt the regulations and measures to take advantage of cryptocurrencies to improve the economic and financial processes of today's world.
And this has been reflected in new regulations that allow for greater flexibility of many progressive governments to facilitate the use and adoption of this technology, although it seems that we are still far from reaching an international consensus in the field of regularization of cryptocurrencies.
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
This shows how foolish some governments are because they have no idea what kind of great things Bitcoin can do to help there citizens to expand there businesses by increasing effectiveness and efficiency during transactions that are done in global scale and I am not surprise politicians do such things without due to low understanding about digital currencies because even some good business individuals are talking against Bitcoin but anyone who saw the bright side and potential qualities have definitely invest so this is the first technological invention in the world to face such problems and still continuing strongly in its path
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
Government is announcing Bitcoin is illegal as many works like guns smuggling drug peddling, the transactions for these orders are done using Bitcoins only because Bitcoins can't be easily traced.. so government is banning Bitcoins in many 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
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 the government is afraid of something they do not have control with. They cannot regulate cryptos yet and when they do, cryptos will never be the same again. Bitcoin is decentralized meaning it does not pass through central banks worldwide making transactions hidden and untracked. Most people took this advantage and is continuously doing illegal things that makes crypto's reputation bad due to this. The government is constantly looking for ways to have benefits when it is regulated worldwide.
Government will announce bitcoin is illegal ,because the cryptocurrency is not yet registered in the office of the government and not accepted as legit cryptocurrency in the country, so goverent charge it as illegal business.
the government at this stage is not beneficial bitcoin because they can not track it and can not get any profit from it so they sow the negative about bitcoin
Government are announcing bitcoin to be illegal base on them being unable to regulate and control the price. So they said they are illegal so that people will vacate from it which is not possible.. We all know that bitcoin has helped us in one way or the other so there is nothing they can do that will change our minds towards it.
It's just simple the government has shown that looking at the speed BTC is going and looking at how enthused people are with they will not be able to compete with it. So in order to stop this then lets make it illegal and deter others from going into it. Trust me they are losing focus on their traditional currency.
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
Definitely because they do not know how to handle a virtual currency such as bitcoin which is technically has its own way or regulation. So it does not matter whether they legalized or not since bitcoin itself can work on independently.
The government announced bitcoin is illegal because it does not come from the central bank.first time government not trust bitcoin but then didn't knowledge that bitcoin is good and trusted.
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