Why government announce bitcoin is illegal? - page 7.

Ramir

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Quote from: Nikita911 on September 18, 2018, 08:15:13 AM

Quote from: emrul1996 on August 31, 2018, 02:13:51 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

Because the government can not allow you to dispose of your money and earn. Especially if you do not pay them a tax.

It's like the truth.

racing466

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They announce it as illegal, because money has been centralized by the State all their lives and now they feel that with cryptocurrencies they are losing power.

seanskie18

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Government nowadays, announce all over the world that bitcoin is illegal way of transaction. It is all because government can't get any taxes from it that's why they spread also a negative feedbacks from it.

Ramir

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Quote from: Wonderced on September 18, 2018, 09:05:10 AM

Because if illegal many people do many bad things to other people, they scam which are some of danger in bitcoin, but many people did not know how bitcoin process, for that many people not know doing.

Scammers are also many in fiat currencies. it would be wrong to talk about bitcoin as if scammers were just a crypto currency. Scammers where there is profit.

Ramir

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Quote from: Nikita911 on September 18, 2018, 08:16:38 AM

Quote from: mia khalifa on September 18, 2018, 08:13:35 AM

maybe because this bitcoin has a very unstable price and all bitcoin transactions can be seen by everyone so that this bitcoin gets a ban by the government because it can harm the government that will not be able to corrupt again and from unstable price movements.

Transparency of transactions is the main enemy of any government.

you are right!

Wonderced

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Because if illegal many people do many bad things to other people, they scam which are some of danger in bitcoin, but many people did not know how bitcoin process, for that many people not know doing.

Ramir

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Quote from: Tatsuyashiba on September 18, 2018, 08:30:01 AM

Quote from: emrul1996 on August 31, 2018, 02:13:51 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

because in the beginning btc was used in deepweb and more for illegal transactions, such as drug sales, human trafficking, contract killers and others. so in my opinion it is only natural that the government still sees one eye and looks more at the bad side of the BTC, and according to my observation BTC is also easy to use as a means of money laundering. maybe government regulations must be even tighter in monitoring BTC so that in the future prices and the BTC community will be healthier

I believe that for the development of bitcoin, it is necessary to create similar marketplaces. Of course in the legal zone. Striving to realize through them products and goods for crypto currency. And that it does not go beyond the law.

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Ramir

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Activity: 42

Merit: 1

Quote from: Tatsuyashiba on September 18, 2018, 08:30:01 AM

Quote from: emrul1996 on August 31, 2018, 02:13:51 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

because in the beginning btc was used in deepweb and more for illegal transactions, such as drug sales, human trafficking, contract killers and others. so in my opinion it is only natural that the government still sees one eye and looks more at the bad side of the BTC, and according to my observation BTC is also easy to use as a means of money laundering. maybe government regulations must be even tighter in monitoring BTC so that in the future prices and the BTC community will be healthier

In addition, studies have shown that bitcoin is poorly suited for money laundering. Volatility can have too much impact on the amount. To the bad side. Therefore criminals prefer old time-tested methods. The only high-profile case of using Bitcoin for criminal purposes was the market-place "Silk Road".

Ramir

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Activity: 42

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Quote from: Tatsuyashiba on September 18, 2018, 08:30:01 AM

Quote from: emrul1996 on August 31, 2018, 02:13:51 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

because in the beginning btc was used in deepweb and more for illegal transactions, such as drug sales, human trafficking, contract killers and others. so in my opinion it is only natural that the government still sees one eye and looks more at the bad side of the BTC, and according to my observation BTC is also easy to use as a means of money laundering. maybe government regulations must be even tighter in monitoring BTC so that in the future prices and the BTC community will be healthier

Dollar for such transactions use much more.

Tatsuyashiba

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Activity: 147

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Quote from: emrul1996 on August 31, 2018, 02:13:51 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

because in the beginning btc was used in deepweb and more for illegal transactions, such as drug sales, human trafficking, contract killers and others. so in my opinion it is only natural that the government still sees one eye and looks more at the bad side of the BTC, and according to my observation BTC is also easy to use as a means of money laundering. maybe government regulations must be even tighter in monitoring BTC so that in the future prices and the BTC community will be healthier

carlisle1

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Quote from: emrul1996 on August 31, 2018, 02:13:51 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

Stupid thread,where did you get that Worldwide and all countries announcing bitcoin is illegal?Do you know how foolish statements you have delivered?

There are some countris that has a total acceptance of bitcoin and some other cryptocurrency,and there are many countries that stays neutral on their stands towards crypto so shut up your mouth and speaks no more.

RomanPetrush

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Join @Bountycloud for the best bounties!

Manipulating the market is the main thing that government can do. They control us, they will do that for sure. They are trying to find the solution how to implement crypto in their system.

Nikita911

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Activity: 36

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Quote from: mia khalifa on September 18, 2018, 08:13:35 AM

maybe because this bitcoin has a very unstable price and all bitcoin transactions can be seen by everyone so that this bitcoin gets a ban by the government because it can harm the government that will not be able to corrupt again and from unstable price movements.

Transparency of transactions is the main enemy of any government.

Nikita911

jr. member

Activity: 36

Merit: 1

Quote from: emrul1996 on August 31, 2018, 02:13:51 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

Because the government can not allow you to dispose of your money and earn. Especially if you do not pay them a tax.

mia khalifa

full member

Activity: 476

Merit: 100

maybe because this bitcoin has a very unstable price and all bitcoin transactions can be seen by everyone so that this bitcoin gets a ban by the government because it can harm the government that will not be able to corrupt again and from unstable price movements.

sukoyomi

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basically bitcoin is a free trade with digital currency, which cannot be controlled by the government. and that will disturb the stability of fiat currencies in each country.

Malam90

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Bitcoin is a digital and decentralized cryptocurrency. It is not like Ripple ( a centralized currency). Govt have no control its transactions. They think it enhances Money Laundering thats why most govt think it is illegal currency.

Nickydog19

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The currency you are using everyday is issued by the government. If bitcoin is legalised, all people use bitcoin instead of the major currency, then the asset of the government is reduced in some sense.

Edgegeraldine

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Many investors or market participants in crypto are taking advantage of Bitcoin to commit fraud. This affects the progress of the national economy.

Topic: Why government announce bitcoin is illegal? - page 7. (Read 6074 times)