Topic: Why lot of countries do not allow to use Crpto? - page 29. (Read 4308 times)
Some of them are just protecting their financial income like in the BANK china has nothing to do with bitcoin or in any cryptocurrency so that's why they banned it in their country. Some of the countries also not allowing it because many of their citizens get scammed by other people.
I think that countries that do not yet implement crypto-currency regulation will seriously lag behind in their development.
Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?
In my own opinion, the reason why a lot of countries do not allow to use crypto is because they think bitcoin could destroy the economy, which is not true. Bitcoin is very beneficial to them because it gives them a good source of income that is why it is true that trading and investing in cryptocurrencies are not that harmful to every individual. What do you think about that?
Lot of countries do not allow the use of cryptos in their countries , because they do not want to be blame if whatever happens to their money in investing crypto currency from the citizens of their country and if they will accept cryptos in their country, they would like to regulate it as much as possible.
Lack of regulation cryptocurrency make many countries do not accept it. Government only avoids unwanted things when people use cryptocurrency. And also still quite new because the government's knowledge about cryptocurrency is still lacking.
The value is decreasing and a lot of people do not want to engage into this.
maybe it is illegal because they have not seen the beauty of their country through crypto .. crypto is one of the good thing happen on our word its a big help not for the investors, rich people or poor its for all who appreciate crypto
Because crypto has a lot of inadequacies and risks, it is possible that in the future many countries will see the benefits that the BTC provides and they will accept the BTC as a tool in their economy.
That's because it's out of their control. In their opinion it may increase the shady economy, criminal and so on. Now crypto is considered as a real competitor to government currency. At this is indeed so. Though the exchange between two different cryptos may spur the demand for internal state currency it is impossible to be taxed. What's not be taxed = opposition of government.
My country is not forbid totally, they don't accept currency as a current money but they don't support. We can buy and sell crypto on market and get money back to the bank. Government is find the way to control crypto, they already know how potential it is and its application
Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?
What do you think about that?
Clearly the legislatures of numerous nations of the world don't permit the utilization of cryptography subsequently with the goal that they can not control the stream of cash. The stream of cash that goes through crypto does not go through banks that are controlled by the administration. Request and utilization of the national money likewise falls.
It is obvious that the governments of many countries of the world do not allow the use of cryptography afterwards so that they can not control the flow of money. The flow of money that passes through crypto does not pass through banks that are controlled by the government. Demand and use of the national currency also falls.
Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?
What do you think about that?
Most of the time when we do BUY and SELL of any kind of currency Like ETH and Bitcoin all transaction of crypto currency is based on US Dollar, we are not able to charge with our currency because since from the start Dollar basis for Every transaction, you are very sorry if the exchange rate of your own Currency is much lower to Exchange rate of Dollar during transaction of ETH.
I think the reasons will be different from case to case but one of the main reasons is that government leaders are thinking that bitcoin and cryptocurrency alllowance will be harming for the economy of countries.
Harm for the economy of a country is not a problem for governments, but the main problem is that bitcoin is used for black money and also used is criminal activities which are very dangerous. Governments cannot stop this thing and that’s why they banned bitcoin in their respective countries. But it is also good for the rest of the people. We need more of the countries which has already accepted bitcoin and some of the other cryptocurrencies, in order to another countries to look on them, examine their experience and to follow their decisions.
Maybe a lof of countries still think that crypto isnt really safe yet and they will do some regulations to it first. I think its just a matter of time.
Because of the negative news about Bitcoin spread in this world. Maybe the government thinks Bitcoin is just a negative means that is not good for their country. Therefore it is better not to accept Bitcoin as the currency in their country. And also probably because they think that Bitcoin will mess up their economy.
many countries do not accept crypto. they maybe afraid that crypto can replace the original currency or even many of their citizens who will invest in crypto that could ultimately have a negative impact on their country. maybe they just need a little rule if they want to accept crypto in their country.
We need more of the countries which has already accepted bitcoin and some of the other cryptocurrencies, in order to another countries to look on them, examine their experience and to follow their decisions.
There are actually some countries that have provided regulation and legalization on bitcoin and crypto, such as united states who see bitcoin as a property and given taxes to it, thats why they give legalization, but it can be an advantage to the country, why many countries still have not follow it?
The countries have different perception and that is what makes them to not chose crypto.
Crypto currency can not be controlled, not tracked, in darknet it is used in such opportunities that I described. You can buy weapons, people, killers, drugs. Perhaps the authorities themselves are also otmavayut money in the same way as the mafia and ordinary intruders. The financial component of the country will be unstable will be lost state funds, there will be new money is not clear from where or in another currency.
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