Why government announce bitcoin is illegal? - page 24.

EmJay

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Quote from: emrul1996 on August 31, 2018, 02:13:51 AM

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

Not all countries banned bitcoin or bitcoin is illegal. Some countries including my country is supporting bitcoin and it is legit. Maybe those countries who banned bitcoin or don't legalize bitcoin have also their reasons they think theu should ban bitcoin but in my country bitcoin is getting popular and it helps a lot of people.

poldanmig

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Quote from: emrul1996 on August 31, 2018, 02:13:51 AM

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

many reasons that make the country not legalize the cryptocurrency in that country and all the reasons are negative and bad things, in my opinion the good and bad cryptocurrency depends on the intention and purpose of the investors

SonyZ3+

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don't assume all international locations supply outlawed press releases, even as we recognize, bitcoin is not manipulated by simply fiscal insurance plan, in fact it is quite unsafe whenever they rub it by law, the good thing you can do should be to reverence the idea as being an asset tool, they must preserve mastering along with create solid plans for each and every community crypto exchanger.

koldir

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Quote from: emrul1996 on August 31, 2018, 02:13:51 AM

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

This disrupts almost all the economy in the world, so they keep the already proven currency, the same rubles or dollars, but I think soon the cryptography will grow and no where not to wriggle.

Premooooo

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Different because the government believes in cryptocurrency and also the minds of people in bitcoin so it is not legal in other countries.Bitcoin is also legit in most countries most of which are acceptable for bitcoin here.

kcalebkelly496

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Governments are not able to tract payments in bitcoins because anybody with out a proper identification can open up an account and make the transaction.
Even though exchanges are collecting KYC from their customers, it is possible to do transactions without using ID card issued by Government therefor it becomes very much difficult for governments to audit transactions, and perform their obligations .

Ridersss

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Quote from: emrul1996 on August 31, 2018, 02:13:51 AM

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 the government is afraid that their currency will be displaced by bitcoin and make their money weaken. Yes, even though their currencies still survive, their exchange rates are not strong. maybe that is what makes the government ban bitcoin.

aminatthassan

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The Reason why government announce bitcoin as illegal is simple, when government looks into bitcoins, they are incapable of tracing any person or company holding responsibility for Bitcoin not only in their jurisdiction, but in the entire world!

Nylelyn

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Government of other counties may have considered bitcoin as illegal because it is an online currency that they have no control of. However, the popularity is very high that a lot of people use it for various purpose like a real money and for generating income as well which is good for the people. I guess government calls something illegal if it is not mandated and taxed by the government, therefore they do not benefit from it.

raventnc

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I think the main reason why the government declare that bitcoin is illegal because it seems that bitcoin is a threat to the national money of the country. Though bitcoin is decentralized coin, it can be a centralized coin its up to the government if they accept it as their national money.

MidKnight

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They are just confused about cryptocurrencies. The decision must be fair and not base on news like it's just always used in the darkweb. Governments just only see bitcoin as an enemy and only visionary countries will see its worth like Japan and S. Korea.

doanngocdiep02

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bitcoin will continue to move even though there are still many countries that still declare illegal, I'm sure someday bitcoin will be accepted in all countries on the grounds that bitcoin is a technological advance in the future

DoublerHunter

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They are afraid of the decentralization that can give people an idea to pursue it and if that happens then the government will not have any control of the cryptocurrency and if the things or technology is more on decentralization then it is a loss for the government because it means that they will have a lesser amount of power compare than before.

poletando

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PlayGame.com

government don't want that their country become the fraud center and money laundering place, why? because the bitcoin is anonymous and there are no body can't trace it, so it possible that there are many people that do fraud and money laundering, to prevent it government makes bitcoin illegal

tsinelas

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Quote from: emrul1996 on August 31, 2018, 02:13:51 AM

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

Because don't see the relevance of bitcoin to the world and most especially they can't control and earn from it. As crypto is an anonymous transaction they can't regulate what transaction is happening.

Huntler1993

member

Activity: 462

Merit: 13

I sometimes put myself in the government shoes and ask myself what will you have done? You wake up and BTC want to just take over everything you have planned for, but i also ask myself why will one ill mouth one thing in order to get your side running if its not about selfishness. They just want to deceive us and i think this is the time to be hyper vigilant on some claims they make over BTC. I always tell others even if it is illegal i'm not using it illegally and what is their worry if they have nothing to hide. Over the past years is it now that they've found BTC to be illegal.

Labajah

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Quote from: emrul1996 on August 31, 2018, 02:13:51 AM

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 not all government says bitcoin is illegal. Because as far as I know their are too many country's are now accepting bitcoin as legal tender in their country's and infact this country's are very progressive. I think this is a fake news.

adadaorlina

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Why government announce bitcoin is illegal? Because Bitcoin is a virtual financial system that is not controlled or governed by any central government or private agency. They cannot control even the people who used it and where they are going to used it. But good news is now many countries are realizing the value of it and started working with it. They make some law that it can not be abuses so I think soon some country will officially declared the legalization of bitcoin.

gamechangers

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Calling bitcoin and other cryptocurrencies illegal is a selfish declaration on the part of the government saying this. Government has always wanted to control how you spend your money and encourage banks to charge you heavy fee and in turn make income and much more from this arrangement.

$crypto$

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Smart is not enough, there must be skills

Quote from: emrul1996 on August 31, 2018, 02:13:51 AM

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

You are wrong, not all regions of the world are declared illegal. only a few have declared Bitcoin illegal. many countries have adopted Bitcoin like Japan, Korea, and many others. the reason they declare illegal against Bitcoin is because they are afraid the FIAT currency will no longer apply to society and will be replaced by something new, bitcoin. If that happens then the country's currency can become worthless and unused, bitcoin is also often used for misuse of transactions and payments. such as money laundering, terrorist financing etc. To avoid this, the government states that the use of Bitcoin is illegal.

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