Topic: Why government announce bitcoin is illegal? - page 35. (Read 6074 times)
bitcoin is illegal because its moved by unforseen elements and circumstances without the public having no or little knowledge about it. also laws and regulations relating to bitcoin can change several times a year as financial institutions adapt to the market shifts. this on my point is the reason why governement announces bitcoin as illegal
I think governments don't get any taxes from bitcoin and also they don't have any control of this market.
This is not a right concept and bitcoin is not illegal in all the countries in the world .Switzerland, USA and there are many other countries where bitcoin is legal and many countries are accepting this gradually. People do not have right concept regarding this and so many countries have not legalized this.
Only because government can not get any benefit from it, neither they can control it nor they can get any tax from here or from the users or holders.
There are some reason among them I think the vital reason is bitcoin is open and nothing can dominate it even governments rules also and it is the main problem.
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 don't think you are trying to find out and read it. because you say that every country prohibits bitcoin in other words illegal. and you are wrong, there are many countries that welcome crypto and bitcoin as other currencies that can be traded. for example, jepan and korea. because I'm Asian.
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
actually there are many works done using Bitcoin which are not legal like the transactions made buy guns smugglers or drug smugglers then those transactions are illegal so the government is thinking that the Bitcoins are illegal because those are animals but after some days I think the transactions will be traceable and the government will urban bitquence in all the countries.
I think spreading negative news about Bitcoin in Bitcoin, bad news of Bitcoin in different places and people around the world through publicity in the media. Apart from this, some dishonest people have caused Bitcoin damage to Bitcoin by using bad things. Unfortunately, the government looks at all these damages, fearing Bitcoin. So the government is declaring bitcoin illegal.
Because bitcoin is decentralization, the government will find it difficult to regulate bitcoin. In the country with high level of corruption, bitcoin can be used for money laundering and it Will make the economy of that country deteriorating. Many factors can be causes why the government announce bitcoin is 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
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
For me government announce bitcoin is illegal because they wanted to destory it. They know that if many people know that it is illegal there is a chance that it can affect the percentage of people that is working here to decrease.
bitcoin is anonymous. through it, many are engaged in illegal activities. therefore, many countries are gostkow policies against bitcoin and other cryptocurrencies. but I don't think it can go on. the same crimes are committed for cash. bitcoin has nothing to do with it. therefore, I think some States will reconsider their attitude to bitcoin.
Bitcoin is a digital crypto and top coin in the marketplace. some countries government announced bitcoin is illegal.because they maybe bitcoin is the decentralized and anonymous system.but majority of the countries worldwide are accepting bitcoin.the only reason they understand bitcoin value.that's it.
There are so many people now that are using crypto currencies all over the world. Because of the fast growing community of the Bitcoin, people have a different knowledge regarding what Bitcoin really is. Some have the thought of Bitcoin as illegal because some other people use Bitcoin in some illegal matters that shouldn't be which make this government to banned it or announce as an 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
Well, not all countries forbidden bitcoin, but in many, of course, very negatively related to it. I think that the governor simply can not control the transactions and do not receive taxes from this. 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
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, some countries and their government banned cryptocurrency because of such issues. But I do believe its is not bitcoin that makes crypto illegal. It is the mindset of the user and how he will use bitcoin. Being a deentralized type of system, tracing the user and knowing his identity is not too possible. And so, people might simply use it for illegal activities. I think that is why government is against it. But I know, a lot more true and good users are in here.
The government should have to all of the county are accepted the bitcoin and legal the project. The United States is taking tentative steps to follow Japan in regulating finch though the endgame is far from clear. The Importantly bitcoin does not need to win every battle to justify a sky-high price. Japan is the world’s third largest economy has an extraordinarily high currency for next project. govt should the proper way to use in bitcoin so its a good think of all of member.
At present, governments in many countries have imposed heavy management regulations on Bitcoin for the reason that it and other electronic currencies could be used for illegal activities. But that is just a phobia for the fact that Bitcoin is an intermediary exchange that is out of their control.
We could not really say that bitcoin is deemed illegal per se. As much as there is much connotation surrounding our favored cryptocurrency, it really varies from country to country.
Majority of countries does not declare the usage of bitcoin as illegal, though its usage has regulatory hurdles and restrictions making it sound illegal in some ways.
The system of bitcoin able to exist effectively and securely without a central authoritative government control makes it difficult for the government to actually treat bitcoin as an accepted money or legal tender. Without government backing and regulation, people became skeptical of its legality.
But all in all, bitcoin is not illegal per se.
Majority of countries does not declare the usage of bitcoin as illegal, though its usage has regulatory hurdles and restrictions making it sound illegal in some ways.
The system of bitcoin able to exist effectively and securely without a central authoritative government control makes it difficult for the government to actually treat bitcoin as an accepted money or legal tender. Without government backing and regulation, people became skeptical of its legality.
But all in all, bitcoin is not illegal per se.
there are several reasons why until some countries use bitcoin as something illegal to block it. The status of bitcoin legality varies by country. Everything depends on each of the regulations set by the government. Until now in just a few countries that have legalized transactions using bitcoin alone still do not have clear regulations.
bitcoin really helps us when we jump into the world of crypto starting with transactions, the costs are very low too, and if some people say that bitcoin is legal, they also use bitcoin because bitcoin is a digital currency that is talked about everywhere.
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