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Topic: Why government announce bitcoin is illegal? - page 38. (Read 6074 times)

legendary
Activity: 2128
Merit: 1293
There is trouble abrewing
But world wide all county are announced its illegal.

of course in the dream land anything is possible. there are unicorns and Leprechaun everywhere and the government in that "world" has announced bitcoin illegal.
sr. member
Activity: 1638
Merit: 300
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

"world wide"? Do you have any proofs, articles, sites, or peoplr who said this? Who relayed this information to you? Bitcoin is not illegal in fact Germany made Bitcoin a legal tender, I still don't know if that is legit information but that is a proof that it is not really an illegal crypto currency in the world.
sr. member
Activity: 994
Merit: 251
Betking.io - Best Bitcoin Casino
if in my opinion because the government and the bank are afraid that the community will choose bitcoin to be used as an investment rather than using paper currency. so because of that the government announced bitcoin was illegal
legendary
Activity: 1414
Merit: 1001
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 is because there are still many governments that are not ready when receiving the circulation of bitcoin in their countries. This is very reasonable because until now there are still many governments that make decisions in determining the direction of the development of Bitcoin. I have seen various situations and it turns out that the most appropriate thing to do is to wait. That's far better than putting pressure on the government.
member
Activity: 420
Merit: 10
Governments do not want to lose control over monetary transactions. Through anonymous transactions, the scammers launder money.

Therefore, law enforcement bodies are against legalization
member
Activity: 420
Merit: 10
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
e e


The government announced  it as illegal because  it does not come from the  central bank. It is non taxable. They can not monitor  such a  big coin if it is an asset or investment so that they can impose the owner to taxation
sr. member
Activity: 1078
Merit: 254
I think it is because some drug lords use bitcoin as a way of having illegal transactions that can't be located by the government.due to this, many government sees bitcoin illegal because they are controlled by them and does not have a proper legalizing process of legalizing a fiat or local money.
newbie
Activity: 32
Merit: 0
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 couse goverment nothing gets taxes in this world of bitcoin so many country agains in bit coint coz no monitory of goverment no taxes they get.
jr. member
Activity: 198
Merit: 1
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 simple words it is a private currency that Govt can not regulate,track or control which will have effect on economy of the country
When there is no accountability or tracking of transactions,it will create a black market economy and short fall in taxes and increase in crime and instability.So no Govt wants to lose control on economy and cripple
full member
Activity: 307
Merit: 101
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 illegalize bitcoin. There are several countries like Japan, Korea, and many others who have left bitcoin behind. But in most Asian countries it is illegal against bitcoin. Why do they illegalize bitcoin? Because they are afraid that the FIAT currency will no longer apply to society and will be replaced by something new, bitcoin. If that happens then the currency in that country can be worthless and unused. To avoid that, the government is illegalizing bitcoin. And not only that, bitcoin is often used for misuse of transactions and payments. Examples include buying illegal drugs, supplying secret weapons and others
member
Activity: 260
Merit: 28
Look ARROUND!
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 many people used bitcoin in illegal transactions that is why they think its illegal. Well if that is their opinions and thoughts about bitcoin , we cant blame them. But we believed that bitcoin is very helpful to us.
newbie
Activity: 323
Merit: 0
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
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