No one can control bitcoin. Government cannot track the records of bitcoin transaction, which means it will create a black market and government will not get tax from it. So, many govt has made it illegal.
Topic: Why government announce bitcoin is illegal? - page 31. (Read 6074 times)
Because govt cannot control bitcoin. And as no one can track the transaction of bitcoin, people can use it in crimes. That is why many government made bitcoin illegal.
If bitcoin gets the approval of being a form of transaction then fiat money will lose its value as there will be created a decentralized market of currency. And that is the main issue that is not wanted by any Govt. around the world.
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 bitcoin is illegal because they afraid to control them by the bitcoin. The bitcoin can control the government because the bitcoin is very powerful, The government avoiding the people to use the bitcoin because if the demand of bitcoin increase it may affect the government management.
There are many causes of banning BTC in many countries especially in Asian countries. If BTC gets approval of use then Govt. will lose control over people’s money and the value of fiat money will be nothing. Beside that many illegal activities has been done by BTC.
There is a common fact that every country’s Govt. is afraid of. If bitcoin is used by general people Govt. will not have any control over people’s transactions and there will be a decentralized currency system over which Govt. will have no control.
Governments that have regulated and allowed Bitcoin are actually aware of how it works and how it can be utilized as a tool for gaining advantage over other governments. The countries that cannot regulate it or don't know how it works are the ones who are making it illegal.
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
This is true as of now bitcoin will still operating in all countries but not all the countries bitcoin is illegal but the times come those countries will manipulated that the bitcoin will raised into a legal if one of this can understand the benefits of bitcoin is good for the bounty hunters needed other income.
This is not right. Not all the countries baned Bitcoin. Some of the countries of the world declared Bitcoin is illegal.
Specially developing or underdeveloped countries.
Specially developing or underdeveloped countries.
Bitcoin is a popular online currency. But still the government of some countries banned Bitcoin. Because the criminals carried out illegal activities by Bitcoin. And some countries think they can not control it. So they do not allow the use of Bitcoin. Bitcoin can not be identified by the transaction or who is doing it. This could be a reason for bitcoin ban.
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
Worldwide all countries have announced it's illegal?
What on earth are you smoking?
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
No, not all countries say that bitcoin is illegal. there are still countries that consider bitcoin to be legal. besides that, most countries have not yet decided on the action for bitcoin, they all still think that waiting is the best thing. so what we have to do now is to continue to use bitcoin and continue to try to increase financial transactions using bitcoin. by increasing the use of Bitcoin, we will automatically increase the development of digital currencies. 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 governments that are concerned about losing their part of revenue which is collected through tax usually banned Bitcoin. When people use Bitcoin, they are not operating under any bank or authority which makes it impossible for government to put charge on their expenses. So, they don't legalize Bitcoin.
The problem is that bitcoin is decentralized, which means that it is almost impossible for them to manage at the state level. The government can not control its movement, which, you see, is convenient for scammers. With its help, you can launder money and perform other shadow operations, without fear that you will be found.
Not all countries say that Bitcoin is illegal, only few of them infact do. Mostly they say it because they are afriad of it and don't know how to treat it.
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
Money laundering, drug trafficking or human trafficking is the basis for the government to declare Bitcoin illegal. Bitcoin's vulnerability in this regard is because it performs too well the information security function. That makes it used for illegal things. Bitcoin just does the job it has to do and it's hard to find a consciousness in anyone's use of it. 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
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's announcement that Bitcoin is illegal is not too difficult to understand. Due to its overly good features, it actually does too much to do business by eliminating the third party and the supervision of any organization. It is illegal to do anything illegal and trafficking in human beings has been discovered recently. 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
absolutely yes, bitcoin is illegal in some countries that finish proxecuted but we have also some countries that acknowledged bitcoin without the final verdict of the house.bitcoin is with out of their Law to comply in government they need owner to represent bitcoin to registered.
The governments of those countries that label bitcoin illegal are doing so because they want to control bitcoin. Unfortunately bitcoin is decentralized and can only be controlled by the market sentiments. Bitcoin still remains the future of financial transaction which the world is waiting for.
Lots of reasons why government announce that bitcoin is illegal its because lot of our countrymen using their illegal transactions in the name of bitcoins, so the thoughts of our government that this is illegal, those who earned in this crypto are only knows how it is helpful for us we only can say that this is good..
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