Topic: Why in some countries Bitcoin is banned - page 8. (Read 16635 times)
I think it's maybe because if they let their people use bitcoin then they can hardly have full control on their people. Or just simply they don't like the idea of having anther kind of currency standing in their way.
One reason is that the governments don't want the people to flee from their own fiat.
In a country with already weak economic buying bitcoins brings the worth of the local fiat further down compared to the big fiats in the world.
When somebody puts his money into bitcoins there is even more supply of the local currency that leads to a lower price for it.
That is what governments with weakened economic want the least.
In a country with already weak economic buying bitcoins brings the worth of the local fiat further down compared to the big fiats in the world.
When somebody puts his money into bitcoins there is even more supply of the local currency that leads to a lower price for it.
That is what governments with weakened economic want the least.
You can read the reasons of the countries provided by them when they ban bitcoin and that is only one that feel that bitcoin will be easily used by criminals and the government is unable to control over the bitcoin and so they start to ban it instead of doing anything for it. But now theyrealize that it is not right and now they are thinking to allow it again.
Its not possible all the times because some countries do completely ban bitcoin and wont intend to change its decision because they saw bitcoin is a threat which is a dumb reason for them to ban it. I cant really see things that bitcoin should be banned to a certain country, even they stop it the hidden transaction would be still there.
One reason is that the governments don't want the people to flee from their own fiat.
In a country with already weak economic buying bitcoins brings the worth of the local fiat further down compared to the big fiats in the world.
When somebody puts his money into bitcoins there is even more supply of the local currency that leads to a lower price for it.
That is what governments with weakened economic want the least.
In a country with already weak economic buying bitcoins brings the worth of the local fiat further down compared to the big fiats in the world.
When somebody puts his money into bitcoins there is even more supply of the local currency that leads to a lower price for it.
That is what governments with weakened economic want the least.
You can read the reasons of the countries provided by them when they ban bitcoin and that is only one that feel that bitcoin will be easily used by criminals and the government is unable to control over the bitcoin and so they start to ban it instead of doing anything for it. But now theyrealize that it is not right and now they are thinking to allow it again.
One reason is that the governments don't want the people to flee from their own fiat.
In a country with already weak economic buying bitcoins brings the worth of the local fiat further down compared to the big fiats in the world.
When somebody puts his money into bitcoins there is even more supply of the local currency that leads to a lower price for it.
That is what governments with weakened economic want the least.
I totally agree with you. If I may add, another thing that the government wants the least is losing their control of the people. Money has been one of the major ways the government are controlling the people. If each and everyone in their country starts using Bitcoin, their power in controlling the society will be lessened. At that point, they can't put tax on people too. Which means that they can't put the money of the people (AKA tax) into their own bank accounts. In a country with already weak economic buying bitcoins brings the worth of the local fiat further down compared to the big fiats in the world.
When somebody puts his money into bitcoins there is even more supply of the local currency that leads to a lower price for it.
That is what governments with weakened economic want the least.
One reason is that the governments don't want the people to flee from their own fiat.
In a country with already weak economic buying bitcoins brings the worth of the local fiat further down compared to the big fiats in the world.
When somebody puts his money into bitcoins there is even more supply of the local currency that leads to a lower price for it.
That is what governments with weakened economic want the least.
In a country with already weak economic buying bitcoins brings the worth of the local fiat further down compared to the big fiats in the world.
When somebody puts his money into bitcoins there is even more supply of the local currency that leads to a lower price for it.
That is what governments with weakened economic want the least.
banning bitcoin is like banning internet, not feasible, keeps using it no matter what crap they say like they put you in jail or stuff like that, the truth is that they cannot do shit
i truly agree with you...banning bitcoin is like banning internet..bitcoin is here to stay...
The real reason why Russia and china for a while banned "or lets say highly recommended avoiding" BTC is because that it gives a non-country controlled estimation of the value of there currency and indirectly exchanging it with USD, these countries mostly regulate there currency value and don't want something like BTC making it's true value shows IMO.
Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal .
Because their goverment don't want their people use it for illegal activities like selling drugs for bitcoins and selling fire arms for bitcoin there are some countries that bitcoin is very illegal and who uses it will be sent on jail thats verry too scary if they caught you using it then RIP jail Because bitcoin is anonymous and very easy to use for illegal activities. for example you can transact illegal stuff without having the need of disclosing your actual real name.
yes i think they are just trying to suppress the use of it to avoid illegal transaction but for me the real thing is because they can'tput taxes when dealing with bitcoin and they can't control unlike real currency.
Because bitcoin is anonymous and very easy to use for illegal activities. for example you can transact illegal stuff without having the need of disclosing your actual real name.
because most of the government of a country does not currently believe bitcoin. they are frightened because bitcoin prices so unstable that could make the situation in the country becomes unsafe.
bitcoin is banded there bwcause of two most common reasons one is its price fluctuation which caused many growth in sucided and pressure to those who faced huge losses in big inncidents and the second is its freedom government can not control it
Because it is use for illegal purposes by some people that's why it is banned. Due to its anonymity, illegal trades are being paid through bitcoin because it has no paper trail so it would be hard for the authorities to trace whoever is the one doing it because there is no evidence that they can find in order to convict the one doing the trades. The only solution they thought that would restrain the illegal doings would be to ban bitcoin and it also affects the people using it the legal way. And I think there are more people using it the legal way than the others using it for illegal purposes.
I there are so many reasons and they don't know actually what bitcoins is .
On my own opinion and vision this is what i think .
They have no control on bitcoins unlike fiat .
Transactions are made unknowingly and have a less fees .
They have no tax earned from bitcoins.
Etc..
What will happen to their government if they can't follow or use this digital currency .so the only nove they can do is to ban bitcoins and stop it.
On my own opinion and vision this is what i think .
They have no control on bitcoins unlike fiat .
Transactions are made unknowingly and have a less fees .
They have no tax earned from bitcoins.
Etc..
What will happen to their government if they can't follow or use this digital currency .so the only nove they can do is to ban bitcoins and stop it.
I dont think countries or government can banned bitcoin transaction as it is decentralized one. But i have heard some countries band bitcoin exchanges but person to person deal cant be stop even though.
Maybe ,its because government to some particular country can't control the bitcoin if they allow it to be use as a legal. Maybe because government couldn't put a tax in bitcoin.
i think it is not the main matter . the main matter is government does not get any tax of such huge money transfet amd saving in wallet . so flow of money in that country without tax and limit cause the ban this type of money . 
well for that reason you must blamed on the person who give negative reputation to bitcoin such as buying drugs or weapon using bitcoin and even some person ask ransom using bitcoin, these actions had caused the government to banned bitcoin and declared it was an illegal currency
I don't think so, it is indeed common around the world. But I think the Government will not be as stupid as that, because I see the Government would consider something which can give advantages to wealth or prosperity of his country. so, this will never happen.
well for that reason you must blamed on the person who give negative reputation to bitcoin such as buying drugs or weapon using bitcoin and even some person ask ransom using bitcoin, these actions had caused the government to banned bitcoin and declared it was an illegal currency
The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them. but i think that some governments end up banning the digital money due to its use in illegal transactions. illegal transactions are inevitable in bitcoin community because there is no single organisation or person that controls Bitcoin and transactions don't go through a central clearing house there is really no way a regulator can stop people from downloading Bitcoin wallets and sending each other bitcoins.
Those people that says Bitcoin is banned in their country obviously don't know how to avoid getting caught. The use of drugs is illegal almost everywhere but there's still a lot of people who's using it every single day. They simply know how to avoid getting caught. Same goes for Bitcoin. In addition, it's actually hard to trace people on the Internet. It's actually the opposite of what you see in the movies.
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