Why in some countries Bitcoin is banned - page 12.

delliaerd

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Quote from: ad2040 on November 15, 2015, 09:30:28 AM

Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal .

Obviously, it is was rules of the government and surely it has a reason. I think one of the reason is the illegal activities of using bitcoin in that country. The government try to avoid some illegal activities spread in their country, that illegal activities such as using buy and sell drug with bitcoin, terrorist transactions and many else. But the reality that rules can not really stop one using bitcoin.

Dr.Famous

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It maybe bitcoin gambling which is banned but i don't think so using a crypto-currency is illegal.
And if it is, It will be in those countries which do not want to develop anymore or they are not even close to the whole world.
Bitcoin is not illegal but the actions done by using Bitcoins can be wrong.

~Dr.Famous~

Mvaporis1961

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Quote from: ad2040 on November 15, 2015, 09:30:28 AM

Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal .

I think because they only know that bitcoin is only being used in deep web to use in illegal transactions like buying drugs and illegal firearms and other illegal stuff that you may see in dark marketplace.

dearbesz

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maybe because Bitcoin is threat for them to all business establishment to their country. in addition to this it probably they heard
a bad news before in Bitcoins for illegal transaction used perhaps..

Hirose UK

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Quote from: ad2040 on November 15, 2015, 09:30:28 AM

Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal .

because some people with powerful position or those who has position in government, or leaders of society don't really understand what bitcoin is.

in my country bitcoin was declarated as illegal money a few weeks ago, and there are 6 proofs provided, but 2 of them are wrong. it was misunderstanding.

wintermeasures

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Quote from: ad2040 on November 15, 2015, 09:30:28 AM

Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal .

Maybe for some countries bitcoin is a threat to The country's banks. Because we know bitcoin has many advantages from any bank, the transaction is instant and inexpensive fee. thank you

Enotche

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Bitcoin and other cryptocurrency particularly concerned authorities, because such payments are extremely difficult to trace - operations are subject to agreement between buyer and seller, who may not even know the names of each other. No banks and payment systems do not record their personal data and do not give out at the request of law enforcement. Anonymity bitcoin system makes it a convenient tool for money laundering and terrorist financing.
And the second aspect - the taxes. The State can not get the benefit from the transaction.

MWesterweele

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Some countries banned bitcoins for security purposes , because as we know terrorist or any other illegal activities can be done through bitcoin without any hassle so those countries that banned bitcoins has an acceptable reasons why they banned bitcoins , but we cannot blame them it is for safety of the people on their country.Administration of bitcoins should observe every transactions so it wouldn't be a harm for anyone in this world.

Palinanv

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I believe it has something to do with the anonymity situation at hand. Bitcoin can't be anonymous for too long though. That's one of the biggest traits that some countries have with it.

Mr.grin

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I think, it is because in these countries a lot of illegal transactions by using bitcoin, in addition, the state government also may have done so early prevention of illegal transactions using bitcoin does not occur

ajun96

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Quote from: zivone on November 30, 2015, 12:15:29 PM

It's just means that government can control everything including bitcoin. Well I said that since I read some thread saying government can't control bitcoin or bitcoin is a threat to fiat.

well, i can say its depends in the goverment of the country
in my country, government control bitcoin in law that its risk to user who use it, but bitcoin still accept in my country

SuperCoinGuy

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The Russian government wants to keep its citizens under control.

harizen

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Quote from: Indrawan77 on December 08, 2015, 08:05:21 PM

I think because of the anonymous that bicoin has..so the government afarid that it is going to used for bad things like money laundry or something like that

Actually if bitcoin will be seriously regulated by the government in one country, as in seriously, they can keep and think of a system or platform that somehow will cover those downside of using bitcoin un their territory. If it's regulated btc usage of people in that country will become under the constitution of that country.

Indrawan77

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I think because of the anonymous that bicoin has..so the government afarid that it is going to used for bad things like money laundry or something like that

BADecker

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Bitcoin is never banned, even though it looks like it might be. What is happening is, the people are in slavery, just like in America where income taxes hold us in slavery.

GannickusX

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Quote from: Yakamoto on November 30, 2015, 12:46:59 PM

Quote from: GannickusX on November 30, 2015, 09:42:33 AM

Quote from: rektDude on November 30, 2015, 07:26:37 AM

Quote from: harizen on November 30, 2015, 05:09:21 AM

Quote from: abokhalel2 on November 30, 2015, 04:19:51 AM

I think the main reason for governments banning bitcoin is because they think it's a threat to their currencies.

What kind of threat? Main currency crash? I think no or if ever some countries think that, I will assume for only 5% of the whole reason or factor. Actually if Bitcoin will bloom in the future still main currencies of some countries will not totally replace by a whole.

I think they ban bitcoin because they don't gain anything from bitcoin and it's not controlled by some corporate company that they can control.

Not true and again bitcoin is only officially banned in 2 countries. It's obvious most countries dont give a shit about bitcoin, people here think bitcoin is like a super huge currency but the truth is quite the contrary. Terrorists are not using bitcoins, they have been using normal currencies before and they wont change now.

Source for which countries have officially banned Bitcoin?

I'm not trying to disregard your claim, but I'm curious to see where the information came from, as I've heard many different pieces of information regarding the legality of Bitcoin in different countries throughout the world.

I agree with your comment on how people think terrorists are using Bitcoins all the time, when in reality, they take up only a small portion of the Bitcoin users. Typically it's only a rumor that terrorists used Bitcoin for "x" event, however I don't have any statistics to back that up, so feel free to refute me if it's wrong.

Page 7 on this thread. Only 2 countries are hostile, of course there is not much information about contries in africa and such but still you can see most countries don't really care about bitcoin, at least not yet. Bitcoin is not that big as people think.

maku

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Quote from: doanlang on December 01, 2015, 11:25:23 AM

Problem: tax and preventing money laundering

From what I know laundering money is harder with bitcoin. You wouldn't imagine how professional money laundering works. There are HUGE network behind the scenes for that.
And if someone is using bitcoins for this that means he is only a small fry. Real money laundering is done with FIAT on a massive scale (by organized crime, mafia, corrupted officials etc.).

doanlang

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Problem: tax and preventing money laundering

harizen

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Quote from: Blue_Tiger on November 30, 2015, 10:28:12 PM

Countries can do whatever they want. If they want to ban Bitcoin, they can. Some countries just don't like the idea of Bitcoin.

There you go. You got it.

Yes some countries don't like the idea of how bitcoin works and the system revolves around it.

Government can't gained from anonymous transaction. No tax involved which government of course doesnt like. We all know that good country has a good service which all come from tax. Include also if people will use money transfer bitcoin in country to country. It will less the GDP of one country as bitcoin will not be counted as part of the remittance. But you know, it has a solution if the whole world will adapt bitcoin. Proposals I think will be made by proper brainstorming to address this hole.

Blue_Tiger

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Countries can do whatever they want. If they want to ban Bitcoin, they can. Some countries just don't like the idea of Bitcoin.

Topic: Why in some countries Bitcoin is banned - page 12. (Read 16635 times)