Topic: Why government announce bitcoin is illegal? - page 8. (Read 6074 times)
this is logical, because bitcoin does not yet have a way to use it safely
Bitcoin can facilitate people to buy and sell illegal things. Drugs, weapon, even prostitution can be trade in Bitcoin. These actually happen when Bitcoin isn't allowed. So if Bitcoin is allowed officially in countries that have high rate of crimes and unstable politics, crimes will be easier to perform those activities, even money laundering.
I agree with you, if bitcoin is legalized in countries with high crime rates and unstable politics it will greatly facilitate the occurrence of crimes such as money laundering or illegal goods transactions, bitcoin cannot be controlled by the state, maybe things like this make some countries decide not to legalize bitcoin 
the government applied illegal status to crypto that only happened in several countries, there were countries that legalized crypto. but I think the government that gives crypto illegal status has its own problems and maybe it will give an impact on the country if it legalizes crypto, including threatening the country's economic stability.
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
Government have threat that Bitcoin will have negative impact on economy of the country and it will encourage the illegal financial activities,But i think if government take initiative and make process to look after the Bitcoin transactions it will help for the betterment of the economy.Lack of knowledge negative rumors badly affect the image of Bitcoin.
I think because they lack information about bitcoin and only see bitcoin from the point of view they know.
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
Government have threat that Bitcoin will have negative impact on economy of the country and it will encourage the illegal financial activities,But i think if government take initiative and make process to look after the Bitcoin transactions it will help for the betterment of the economy.Lack of knowledge negative rumors badly affect the image of Bitcoin.
So all on the country will pay the right amount of their tax. BTC is technological asset so government doesn't have any rules or law allowing them to pay if you have that much crypto in your wallet. They were not legalizing the BTC for people may stay paying their tax right and not to surpass their wealth as a government official. This is only my theory though but somehow maybe it is one of the reasons why they not allowing BTC in their country.
some people use it in illegal transactions hence the misconception of it being illegal. but it is not illegal worldwide. there are countries that prohibit the use/transactions of it maybe because of it being widely used in illegal transactions but that doesn't mean it is actually illegal.
In other words government announce that bitcoin is illegal because this is not controlled by laws. And there will be lots of investors who are succeesfully invested bitcoin without any tax payment because of decentralized profile that nobody could regulate it.
Government announce bitcoin as illegal because being the digital currency government has no control over it. Government has no say on the transactions made in bitcoin. They want to control and administer it as the other currencies but this does not happen so they declare it as illegal. Government wants the stable economy which is not easily possible if bitcoin is in action so they want to end it. Other reason to kill bitcoin is that government do not want any scams or frauds.
maybe because in the beginning btc was used as a means of payment for illegal goods such as drugs, human trafficking, and so on that was done in the deep web maybe because of that the government still could not btc btc, added in btc the government itself could not collect taxes or administrative fees from btc, and enter into a country's GDP
some people use it in illegal transactions hence the misconception of it being illegal. but it is not illegal worldwide. there are countries that prohibit the use/transactions of it maybe because of it being widely used in illegal transactions but that doesn't mean it is actually illegal.
Illegal transactions also apply massively to fiat transactions, but the government really cannot monitor the circulation of transactions from bitcoin and this is in their opinion the climax of all acts of fraud and crime.
The opposite will happen if the government is able to make very strict regulations, but unfortunately, bitcoin was created to be free without any government policies so it is very difficult for the government to connect and moderate directly with a very unique blokchain system.
I think it should take some time for the government to recognize bitcoin and make it legal
some people use it in illegal transactions hence the misconception of it being illegal. but it is not illegal worldwide. there are countries that prohibit the use/transactions of it maybe because of it being widely used in illegal transactions but that doesn't mean it is actually 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 governments that ban bitcoin in my opinion are too stupid to see its potential, in the next years the cryptocurrencies will become a part of our lives, ban them means remaining in the past. 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
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.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 governments see Bitcoin to a giant resource for funding terrorism and also involved drug trafficking, money laundering and other illegal activities. There are no proofs yet the governments have such speculations about Bitcoin. It is now clear that the governments are only scared of the decentralized nature of Bitcoin which allows its users to become masters of their own finances and all its transactions. 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
It is because government believes that Bitcoins are a threat to the nation's economy as a country's money goes abroad when people turn their coins into bitcoin and then send them abroad. This way, they are evading taxes that a country would have otherwise levied on them,
This obviously scares the government since they do not want their citizens to have so much control.
This obviously scares the government since they do not want their citizens to have so much control.
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 othersBut 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
Probably because there’s a lot of people who uses it for illegal activities and that’s quite unfortunate knowing how helpful bitcoin is to our society.
Bitcoin every day becomes an increasingly legal asset in many countries. I think that this is not a problem. Everything moves where it should be.
most likely bitcoin at the moment simply can not help the government and they have declared it illegal or they do not yet understand how thanks to him you can make money
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