Topic: Why government announce bitcoin is illegal? - page 25. (Read 6074 times)
Do you really believe everything the government says and does? The authorities always make decisions in their favor, unfortunately, and bitcoin is simply unprofitable for them. And spat, that this is a unique convenient technology.
You and I pretty know well there are reasons some governments of the world frowned seriously on cryptocurrency. They do not want news about it aired, or discussed, it is that bad. However, they do have their reasons for this. The fact that it could be used for illegal activities itself serves as a factor. To say that is coming at a time countries of the world are trying to curb terrorists activities.
Also, the fact that it could challenge the authority and power of any national currency makes for another reason. The fact that it could replace national currency is totally frowned upon. Powers are derived through that. Nations will not accept that.
Also, the fact that it could challenge the authority and power of any national currency makes for another reason. The fact that it could replace national currency is totally frowned upon. Powers are derived through that. Nations will not accept that.
As Bitcoin has no guidelines or rules, obstacles, so we cannot ruled over bitcoin. So, someone can use it fir unlawful activities, it really is why government introduced bitcoin illegal. And also if we use bitcoin or earn bitcoin, there'll not be any document, so government cannot document our incomes that why they can not inform us to give exececive tax. this is why the annouced bitcoin unlawful.
because governments fear the blockchain revolution. They are afraid that bitcoin will destroy the existing monopoly of banks.
While some countries have explicitly allowed its use and trade, others have banned or restricted it. Likewise, various government ...But some countries already legalising it, recently Germany legalised the use of bitcoin. It won't be easy though, but i think some of this country making it illegal will soon be left behind and they are going to be forced to join the moving train which may be too late for them.
Bitcoin is the decentralized and for this purpose the bitcoin is illegal in several countries because of the decentralization the government can not make check and balance and can not maintain the proper record of bitcoin received and transfer so in my opinion that's why bitcoin is illegal in different countries if it is centralized then maybe it is accepted.
I don't know much about government reasons even though I also agree that bitcoin will facilitate various transactions but unfortunately bitcoin is known as the currency of criminals
I don't agree with you. Because criminals also use fiat money for their aims 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
Why do you think the government of many countries says and tries to make bitcoin illegal and banned in the countries?
It's very simple, my friends, You do not think that this way the authorities simply do not allow you to invest in cryptocurrency and ICO. How do you think the authorities benefit if people carry their money to cryptocurrency exchanges and projects and do not carry them to state banks, do not buy bonds? Of course not, it is easier to prohibit residents from investing in cryptocurrencies and force them to buy state green papers than to admit that bitcoin is the future and this is a success.
I think the economies of many countries especially leading will receive less money if all the money will go into cryptocurrency.
Because it is. Governments don’t want people getting scammed. Especially in bitcoin, where it is not regulated yet. Criminals are having a field day scamming people because there are no laws to deter or prosecute them.
The main advantage of bitcoin is decentralization. The government is afraid of losing its rulers. They are used to writing rules for themselves and it is necessary for everyone.
great read!
Its simple, government control the economy and currency of it's country, they see bitcoin as a threat to their economy because they wont have any control over bitcoin. Besides, the way crypto generally is going, it will render fiat currency useless and that is why many countries trying to ban it. But some countries already legalising it, recently Germany legalised the use of bitcoin. It won't be easy though, but i think some of this country making it illegal will soon be left behind and they are going to be forced to join the moving train which may be too late for them.
I think that it is because that bitcoin is very powerful that can overthrow the fiat currency. So, government banned bitcoins in some countries. And in some countries, they are afraid of 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
I think there are some differences regarding this matter, some country is taking the decision to illegalizing bitcoin because they're still afraid on the new form of technology that bitcoin's bring. But, there also another country that illegalizing bitcoin but, not taking a strict rule about that, the government onnly warn the people about the risk of bitcoin. 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 governments has already legalized BTC in their countries realizing its prospects of business. So, your statement is to some extent confusing. I think some countries are not legalizing BTC because of their countries internal policy.
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
Yes it is, BTC and crypto coins as a whole are very good things. But governments can not control it, so they are against them. If the government can not control something, it tries to destroy it, that's the simple truth. If they can not control people's finances, they can not control the people themselves.
I think that the main reason for the ban of bitcoin is fraud, illegal actions and the inability to control it.
For your kind information, not all countries are announcing BTC as illegal rather some countries are legalizing BTC in their country. some countries may have illegalized because in those countries BTC are being used illegally. '
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
I think they announce that the bitcoin is illegal because they don't want to use it by the people. Also they are afraid to support the bitcoin because the bitcoin can control them. We all know that the bitcoin is very powerful so they afraid to be control by bitcoin.
They will try to stall it as long as they can.
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