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Topic: Why government announce bitcoin is illegal? - page 30. (Read 6074 times)

full member
Activity: 448
Merit: 100
CRYPTOCITIZEN $CCASH
September 03, 2018, 12:32:09 PM
As Bitcoin has no rules or regulations, limitations, so we can't ruled over bitcoin. So, any one can use it fir illegal activities, that's why government announced bitcoin illegal. And also if we use bitcoin or earn bitcoin, there will not be any record, so government can't record our earning that why they can't tell us to give exececive tax. That's why the annouced bitcoin illegal.
newbie
Activity: 47
Merit: 0
September 03, 2018, 12:05:28 PM
BTC is a decentralized currency . And should be transect for many illegal work because there are no one who mange it. That's why many country  are not feel better to accept BTC for a legal currency.
newbie
Activity: 33
Merit: 0
September 03, 2018, 10:59:26 AM
I think it is not illegal in all of the countries in the world. Govt just warned about its bad sides. It can be use for money laundering and many terrorists can get fund from it.
newbie
Activity: 210
Merit: 0
September 03, 2018, 10:27:40 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
The government feels that bitcoins those of virtual currencies may encourage illegal transactions.But Not at all countries, Whereas some countries such as Japan and Mongolia recognize Bitcoin as currency of its own, others like the UK see it as a commodity and in this way try to regulate Bitcoin.
newbie
Activity: 126
Merit: 0
September 03, 2018, 10:21:41 AM
Because they have no capabilities of control it or they scare from it
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
September 03, 2018, 10:18:39 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 likely live in a shithole undesirable place... move to somewhere better.
member
Activity: 266
Merit: 10
September 03, 2018, 10:12:28 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
The reason why government has been announce that bitcoin is illigal because it has no taxes in able to deal with any transactions of the government payyments so that i know that all is governed by this law so that it is not being protected . It was being an illigal because they only uses  bitcoins for bad havits.
newbie
Activity: 122
Merit: 0
September 03, 2018, 10:07:23 AM
Well ... quite a simple question, you can logically guess. Bitcoin is a very serious threat to the government, because because of this the government is not just losing money ... it is losing control over money, which is even more serious and dangerous. So really the prohibition of bitcoin is extremely beneficial for the government ... however, a decentralized currency is not so easy to block completely
member
Activity: 266
Merit: 10
September 03, 2018, 10:01:50 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
In my view, it is not make any sence by saying a bitcoin is an illegal. The only thing that make sence to say illegal is how you use bitcoin. When you use it for illegal purpose such as buying drugs or something, then it means that not bitcoin that illegal, but your action for buying drugs. We should think smart guys.
member
Activity: 350
Merit: 10
September 03, 2018, 09:57:09 AM
Yes, bitcoin until now was illegal, not accepted and adopted to some countries because they afraid the fastest scattered of bitcoin and they thought that people was using illegal transaction by bitcoin.
member
Activity: 238
Merit: 10
September 03, 2018, 09:56:27 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
None of the government announces that bitcoins are illegal but the terms and the ways they are used are illegal that's why bitcoins are not yet completely legalised. Bitcoins are used in most of the illegal activities online and i guess that is the worst part of bitcoins. This affect bitcoins to stay away from being legal. Even if these kind of works are shutdown than i think that the government can have no issue in making bitcoins legal. Globally all the governments should soon legalise bitcoins to really make the future for cryptos grow more wider.
member
Activity: 256
Merit: 36
September 03, 2018, 09:53:49 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 they announce bitcoin is illegal so it will be avoided by people. I also think that they wanted to destroy bitcoin so that they announce it. They said that they said it only because they can not control it.
full member
Activity: 406
Merit: 100
September 03, 2018, 09:20:42 AM
Because they don't like not having the control over the money. On top of that, many banks will lose out due to the cryptocurrencies.
newbie
Activity: 14
Merit: 0
September 03, 2018, 09:15:01 AM
Bitcoin is decentralized currency and any authority is not controlling it so most of countries is scared bitcoin can be use for illegal activities. in upcoming time bitcoin importance will be more rather than fiat currencies and its really bad for their economy but in my opinion bitcoin is the safest and best method for digital payment.i bitcoin will be a global currency and peoples will be use it for small and bulk transaction with minimum fee if all countries will adapt it and use its blockchain technology for new digital payment.
copper member
Activity: 253
Merit: 2
September 03, 2018, 09:13:37 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
Really bro , please tell me from which country are you. And can you give a proof of government calling it ileegal. Dont believe in fud and rumours. And be sure before saying something random comments.
member
Activity: 336
Merit: 52
September 03, 2018, 09:01:28 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
There could be several reasons, such us that they don't like the fact that bitcoin is not easy to track if you don't know the owner of the wallet, or maybe they simply have an old mentality and don't get that this is going to be common in the next years.
full member
Activity: 405
Merit: 105
September 03, 2018, 08:54:11 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

In that case, I think there is a positive and negative reason why the government announve that bitcoin is illegal. The positive ones that came up to my conclusion is that they have seen that a lot of people uses bitcoin as an excuse for illegal transactions such as buying prohibited things. As for the negative, maybe the government wants to stop the system of bitcoin all over the world. Maybe they don't want it to be more popular and used.
sr. member
Activity: 1162
Merit: 253
September 03, 2018, 08:36:29 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

Cheesy even countries that do not allow bitcoin not in their country cannot ban and stop it all in real terms.
not all countries ban bitcoin
full member
Activity: 756
Merit: 112
September 03, 2018, 08:36:16 AM
You can't expect them to approved something they can't control

Agreed this is their problem with bitcoin they can't seem to track and control it. Unlike fiat where they can easily reproduce if they feel like the county needs it. Not considering what will be the effect worldwide.
newbie
Activity: 28
Merit: 0
September 03, 2018, 08:31:21 AM
The main reason behind making bitcoin illegal is the govt cannot get any tax from it. The transaction by bitcoin cannot be traced and thus will create a black market. The criminals can also use bitcoin to do their transactions and they cannot be tracked. These are the reason behind the illegalization of bitcoin.
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