there is so many country already ban bitcoin as payment include my country, and i can accept that because goverment just wanna protect their citizen. Bitcoin price too fluctuating to be a payment tools. And as long goverment dont't ban bitcoin trading, i still can accept that.
Right, the risk of loss becomes so high when making bitcoin as a payment instrument. When the price falls or even it rises, a goods buyer will feel aggrieved when the price rises after making payments and vice versa, the seller of goods will feel aggrieved when the price falls after that. That's a simple example. 
Topic: Why government announce bitcoin is illegal? - page 5. (Read 6074 times)
Government announce illegal due to peoples losing their money due to scams and frauds and bitcoin makes heaven for scammers.
Yep I agree, mostly it is not clear how to regulate it, there should be a legal basis to prevent fraud and scammers.
As far as I concerned, Bitcoin has been not taxes in many countries. Neither has your countries. The government can not control the cryptocurrency market and BItcoin can impact on the economy. Thus, they announced Bitcoin was illegal because they want to abolish risks out of their market.
I don't know why your goverment announced Bitcoin is illegal. In other countries like USA, Korean and so on, Bitcoin is legal and they can trade in Bitcoin. Samsung of Korean has accepted customers buy their devices by Bitcoin. Starbucks of USA also has accepted customers pay bill by Bitcoin. And there are also many companies all around the world similar to Samsung. Therefore, you need not to worry about this problem because you can trade outside your country.
Is this information true ? Your goverment announced Bitcoin was illegal when someone used BItcoin in illegal service or not. Maybe your government feels BItcoin like a boom, can go off whenever. Yes, many people used to go bankrupt by Bitcoin. Specially, the price of Bitcoin is falling down and there is not any signals show that Bitcoin will rise again. Anyway, If you want to trade Bitcoin more, you can travel in some countries like Japan, China...
I think they normally make such announcement out frustration and fear. They've realized that if they don't hijack this it is really going to cost them. A time will come all investment will be in BTC leaving fiat currency in shambles. But i think their announcement will not scare us since we know what we are into.
The state can be represented as a living organism, with the instinct of self-preservation, which will always fight for life. And Bitkoyn - as something new, in what the state sees the danger.
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
With many problems can meet the state letting in its economy such a strong coin. as for example the same bitcon, can spoil only developed the economy, and in General, that it will change daily life. 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
Your government might be scared of Bitcoin.
Well, ideally not all countries have tagged Bitcoin to be bad. There are countries that have given a nice support by ignoring and just warning and others are also thinking about bringing in regulations to keep everyone safe. So I'd say in the future things might go in well and fr us. And back to your point, it's true! Bitcoin has helped to execute so many types of transactions and even the alts are also doing well.
there is so many country already ban bitcoin as payment include my country, and i can accept that because goverment just wanna protect their citizen. Bitcoin price too fluctuating to be a payment tools. And as long goverment dont't ban bitcoin trading, i still can accept that.
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
Bitcoin is actually not illegal Bitcoin is just a currency. But some transactions of the illegal works are done using Bitcoins and so government is thinking Bitcoin is illegal and they are announcing so... but the government is not thinking that if the transactions well being done by normal legal currency then they will also become illegal.
This whole idea may seem strange, and it seems that by gosudarstva, and why there are such problem as now, in the end bitkon illegal and dumay modify this is only possible with time.
So the government says bitcoin is illegal because of the ICO scammers, Pyramiding schemes, Hype invesment and Its flactuating prices. Many newcomers have entered the world of crypto this past year without sufficient knowledge and it has probably been the start of bitcoin popularity.
Due to the steady rise in bitcoin prices many newcomers have had the interest to enter into it without thinking and getting a good investment timeframe. Thus the result was that they trapped the sudden collapse of the price which caused the investments of new comers to fall. So my only advice is explain it well to our acquaintances or those who are taught that investing in bitcoin has a big risk that our investment will fall.
Due to the steady rise in bitcoin prices many newcomers have had the interest to enter into it without thinking and getting a good investment timeframe. Thus the result was that they trapped the sudden collapse of the price which caused the investments of new comers to fall. So my only advice is explain it well to our acquaintances or those who are taught that investing in bitcoin has a big risk that our investment will fall.
Government will no be in support of anything they can not regulate, they like taxing everything that come there way, but most most countries are coming to the reality of bitcoin, I just pray my country join the world soon
like in my country bitcoin is not recognized as a legitimate payment as money is already available, because maybe the government is guarding so that not many people are affected by fraud and those that are difficult will of course be the government that will bear it, a solution might be sought so that no one is harmed and indeed it takes time
Why bit-coin is increasingly flooded is because it is considered to have more benefits than conventional transactions.
Bit-coin exchange rates from year to year continue to rise. In fact, at present, one bit-coin is equivalent to Rp 200 million.
At first glance, bit-coin is a promising investment land. Finally, many people flocked to buy bit-coin to be sold again when the price was soaring.
Because it does not have a central server and no regulation is regulated, bit-coin transactions can be done as you wish.
Of course as long as you have a bit-coin virtual account or wallet.
There is no tax that will be charged to us, such as when transactions are through certain financial institutions.
In addition, bit-coin is predicted to have super safe and strict technology.
All transactions are transparent and spread to millions of servers.
So that it is almost impossible to counterfeit the bit-coin database.
Bit-coin exchange rates from year to year continue to rise. In fact, at present, one bit-coin is equivalent to Rp 200 million.
At first glance, bit-coin is a promising investment land. Finally, many people flocked to buy bit-coin to be sold again when the price was soaring.
Because it does not have a central server and no regulation is regulated, bit-coin transactions can be done as you wish.
Of course as long as you have a bit-coin virtual account or wallet.
There is no tax that will be charged to us, such as when transactions are through certain financial institutions.
In addition, bit-coin is predicted to have super safe and strict technology.
All transactions are transparent and spread to millions of servers.
So that it is almost impossible to counterfeit the bit-coin database.
There are some reason why gouverments are banning bitcoins. First of all, they are al scared of a new currency who couldreplace their own currency. This would make them weak, and also they could not protect the rich people in their country from the poor people. So the thing is, gouverments dont want to loose the power, thats why they are against a decentralized currency who could not be controlled.
some other country really announce that btc is illegal but I think not all. Some other country support bitcoin for good. They know that bitcoin can really rise up high, and maybe we cannot afford to buy it or invest into it. As let's wait for it to rise up high.
According to judges, the tax shouldn't be charged because bitcoins should be treated as a means of payment. According to the European Central Bank, traditional financial sector regulation is not applicable to bitcoin because it does not involve traditional financial actors.
There are some reason why gouverments are banning bitcoins. First of all, they are al scared of a new currency who couldreplace their own currency. This would make them weak, and also they could not protect the rich people in their country from the poor people. So the thing is, gouverments dont want to loose the power, thats why they are against a decentralized currency who could not be controlled.
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