Topic: Why in some countries Bitcoin is banned - page 5. (Read 16643 times)
where is it block?
I think because bitcoins can not be controled by government and it can kill fiat money, if all of people on countries use bitcoins for payment method in their real life, the fiat money will be useless and it is mean the government can not become regulator and can not take taxes.
yeah potential in bitcoin might make fiat become irreplaceable. perhaps it is thought by governments which do banned, they think that bitcoin is growing very fast in their country and it threatened them 
The real question is why it's not already banned everywhere because it's highly disruptive for world "economy".
but lately not a few countries to learn more about bitcoin
probably only a matter of time
probably only a matter of time
Maybe they don't know the value of Bitcoin ?
It is not banned anywhere. They can not ban it it will never be controlled. How will anyone know who is doing what with their bitcoin and when ? You can't probe someone owns the bitcoins so there is no case to win in court.
basically, bitcoin can not be banned, because bitcoin is a difficult instrument transactions to be tracked. but, it is easy to block sites related to bitcoin in a country. Well, maybe it was the way for them to specify a bitcoin, because it happened in a country that does not accept bitcoin bitcoin or make it illegalmaybe that country only banned for the site like OrangeII but not for the blockchain technology because if the government banned the site, i am sure that many people which using bitcoin will searching another way to use their bitcoin and i am bet that they will found that way and still using bitcoin.
I think because bitcoins can not be controled by government and it can kill fiat money, if all of people on countries use bitcoins for payment method in their real life, the fiat money will be useless and it is mean the government can not become regulator and can not take taxes.
It is not banned anywhere. They can not ban it it will never be controlled. How will anyone know who is doing what with their bitcoin and when ? You can't probe someone owns the bitcoins so there is no case to win in court.
basically, bitcoin can not be banned, because bitcoin is a difficult instrument transactions to be tracked. but, it is easy to block sites related to bitcoin in a country. Well, maybe it was the way for them to specify a bitcoin, because it happened in a country that does not accept bitcoin bitcoin or make it illegal It is not banned anywhere. They can not ban it it will never be controlled. How will anyone know who is doing what with their bitcoin and when ? You can't probe someone owns the bitcoins so there is no case to win in court.
Actually, you can. There are also places where bitcoin transactions are going on and the personal information of the user is given (i.e. Facebook or any social media sites). You can easily pretend that you're going to buy something from that person and ask for his wallet address. That can be used as proof that he owns that address but the final decision will always come from the judge. You can also pretend to sell something and the wallet that he used to pay you surely belongs to him.
It is not banned anywhere. They can not ban it it will never be controlled. How will anyone know who is doing what with their bitcoin and when ? You can't probe someone owns the bitcoins so there is no case to win in court.
Actually, you can. There are also places where bitcoin transactions are going on and the personal information of the user is given (i.e. Facebook or any social media sites). You can easily pretend that you're going to buy something from that person and ask for his wallet address. That can be used as proof that he owns that address but the final decision will always come from the judge. You can also pretend to sell something and the wallet that he used to pay you surely belongs to him.
It is not banned anywhere. They can not ban it it will never be controlled. How will anyone know who is doing what with their bitcoin and when ? You can't probe someone owns the bitcoins so there is no case to win in court.
Any country is actually free to decide on how they feel its the best way to go about it after considering the advantages and the disadvantages but what I am sure of is that it won't be unconnected to the fact that the government is unable to control it or the number of people using it are majorky using it to promote social vice so they felt its better to ban it altogether...
Its a funny step from Europe to ban bitcoin when, the black market does use fiat since several years, and they werent able to handle traffic neither to stop them, now they wanna to attack bitcoin, because some people does use it for ilegal purposes. They can try to stop bitcoin but they wont be able, people will hide their ip, will make anything to dont let their countrie know what they are doing.
If they do those at my country i will withdraw all my money from bank, and invest into bitcoin at some local seller, i dont need bank to have bitcoin, this kind of action just show how they are scared to loose power over the people, since they lost control from them several time ago.
If they do those at my country i will withdraw all my money from bank, and invest into bitcoin at some local seller, i dont need bank to have bitcoin, this kind of action just show how they are scared to loose power over the people, since they lost control from them several time ago.
With banning bitcoin, internet currency, country protect their own monetary fond.
In case everyone of us here start to use ETH coin for example, what would happen with BTC coin? Same is with some country currency, some countries are afraid from this and that is for reason. How much is possible for some country to ban BTC? They can try that, with laws and some limitations, but in reality it will be hard for some country to control people who use bitcoins.
In case everyone of us here start to use ETH coin for example, what would happen with BTC coin? Same is with some country currency, some countries are afraid from this and that is for reason. How much is possible for some country to ban BTC? They can try that, with laws and some limitations, but in reality it will be hard for some country to control people who use bitcoins.
Maybe in that country, bitcoin is considered as the currency used for evil crime in cyberspace, example as drug trafficking, because sometimes selling drugs on the Internet is using bitcoin. In addition to drug trafficking, many money laundering and hackers using bitcoin. It is why some country prohibit the use of bitcoin.
if the government thought that way, they should also prohibit their own currency, because currency of each country is also used for illegal activities?I think the government has another reason to prohibit the use of bitcoin
Indeed, in some countries the bitcoin is banned because of the fact that it can let other economies collapse in that country..
Maybe in that country, bitcoin is considered as the currency used for evil crime in cyberspace, example as drug trafficking, because sometimes selling drugs on the Internet is using bitcoin. In addition to drug trafficking, many money laundering and hackers using bitcoin. It is why some country prohibit the use of bitcoin.
I think every coutnry has their own pollicy and they have to follow thier police, but I think bitcoin is not yet banned in most of the coutries, therefore people are using it there freely, hope that most of the people will be thinking about bitcoin and hope that they will take a positive response about bitcoin legality. I have seen a map showing in which countries is legal and illegal to use bitcoin.
I think that the countries that do not allow bitcoin is maybe that they hear bad news for bitcoin.
And as we know sadly a good percentage of bitcoin is being used in black markets and that could be the reason.
It's good to know which countries that banned bitcoin, but could you share the link to see the map as you mentioned.I think that the countries that do not allow bitcoin is maybe that they hear bad news for bitcoin.
And as we know sadly a good percentage of bitcoin is being used in black markets and that could be the reason.
From what I've read state the country banned bitcoin due to criminal activities such as money laundering and the government may think that bitcoin makes easier to anyone to eliminating the tracks of stolen/black money transactions.
Due to it being used by drug dealers to promote their business and the fact that using bitcoin doesn't ask for any information about the person using it makes it the perfect opportunity to people to use for bad things like buying drugs and other illegal things , all these factors made some countrys ban using bitcoin especialy the ones that illeagal actions are high in
Maybe in that country, bitcoin is considered as the currency used for evil crime in cyberspace, example as drug trafficking, because sometimes selling drugs on the Internet is using bitcoin. In addition to drug trafficking, many money laundering and hackers using bitcoin. It is why some country prohibit the use of bitcoin.
You can use fiat currency for terrorism drugs human trafficking so it does not matter what you do people will find a way to do illegal things and for that you cannot blame on bitcoin for all these illegal activities ,if government says so i would say they have no idea about bitcoin.
if the government thought that way, they should also prohibit their own currency, because currency of each country is also used for illegal activities?
I think the government has another reason to prohibit the use of bitcoin
I think the government has another reason to prohibit the use of bitcoin
The difference is that the government controls the supply of fiat currency, while they are helpless against the expansion and usage of Bitcoin. So there is an incentive for them to ban (or even discourage) the usage of Bitcoins.
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