Topic: Why government announce bitcoin is illegal? - page 18. (Read 6074 times)
Bitcoi.n can't control goverment it has decentralize. They can't control like fiat they have to put on a tax in every transaction . Product and services if they put on a tax on every transaction theres a possibilities that the tax will be going into personal interest.
Illegal business transactions exited before the creation of physical fiats, so you can conclude that bitcoin will be used for illegal transactions. Governments are banning bitcoin because they just not understand the relevance of it and they don't also like the idea of decentralization.
They understand what this one more way to recieve extra moneys from taxes and this mixed with control over cryptocurrencies.
Cryptos while not uses in the mass and this give opportunity control traffic, when all use transactions without exchanges tracing will be much harder
Cryptos while not uses in the mass and this give opportunity control traffic, when all use transactions without exchanges tracing will be much harder
They can easily judge bitcoin, they can easily says that it is a scam that is why many people are hating it. So as a result, even the government convinced that it is a scam because of people sayings who is actually not. They do not know what bitcoin really is, because they didn't that experience that bitcoin is good and trusted.
People read this article if you do not update your MEB purse you will lose the crypto currency !!!
http://s0e.ru/4586288
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
It may occur many problems that would be extremely difficult to solve, so I think they think the priorities of this coin, I think soon all change, time will tell what is what, and what awaits 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
Bitcoin is a digital and decentralized cryptocurrency. It is not like Ripple ( a centralized currency). Govt have no control its transactions. They think it enhances Money Laundering thats why most govt think it is illegal currency.
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.
To my mind, this happens due to the fact that btc is really illegal, it can't be controlled by the government. That's why it doesn't like it much. However, I consider this to be one of its best benefits
I think the government is thinking first and foremost about how it will benefit them. Bitcoin is very limiting the government's power over people financially, in view of its decentralization. Most likely, this is the reason.
First of all, Bitcoin does not make any profit on government agencies so the government does not have any revenue on Bitcoin or any other cryptocurrency out there. It does not require any permission from the government and that clearly makes them angry. According to Government every money which goes out or comes in their country has to pay taxes and needed their permission which Bitcoin does not so that is why they have banned Bitcoin.
Because it seems the government is afraid of bitcoin. Bitcoin is anonymous and can also be used for crime. The government is afraid if bitcoin becomes negative. So the government announced that. I hope the government can understand bitcoin. That's just my opinion
Bitcoins are not authorized as medium of payment. Furthermore the government feels that bitcoins which is virtual currencies may encourage illegal transactions. As there is no rule to regulate them. This has made Government announce officially the Bitcoin payment as illegal.
Government and administration of different countries/provinces may have considered bitcoin as unlawful in light of the fact that it is an online money that they have no control of. In any case, the ubiquity is high that many individuals utilize it for different reason like a genuine cash and for producing wage too which is useful for the general population. I figure government calls something unlawful in the event that it isn't commanded and saddled by the administration, along these lines they don't profit by it.
Few countries are says it is illegal because many gamblers are involved in this platform so many peoples are escape from taxes so government is directly announced it is illegal in some countries but all the countries are accepting future so some regulation is possible in 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
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 is in accordance with the provisions in Law No. 7 of 2011 concerning Currency
which states that currency is money issued by the Republic of Indonesia and every transaction that has the purpose of payment,
or other obligations that must be met with money,
or other financial transactions carried out in the territory of the Republic of Indonesia use Rupiah.
Because bitcoin crypto currency didn't make any deal with governments and also governments are unable to get any thing from here thats why the announce it illegal.
Because governments think that BitCoin is not reliable about security. They think that illegal trade will get more and more, but even now they do not realize that they are done too much. In any case, governments will have to go into this system somehow. Early adopters will be adapting earlier.
Bitcoin is a digital and decentralized cryptocurrency. It is not like Ripple ( a centralized currency). Govt have no control its transactions. They think it enhances Money Laundering thats why most govt think it is illegal currency.
bitcoin will maintain to move even though there are nonetheless many countries that also claim unlawful, i'm positive at some point bitcoin may be time-honored in all international locations seeing that bitcoin is a technological strengthen .
Jump to: