Topic: Why should other countries did not accept Bitcoins? - page 2. (Read 819 times)
Almost every people will have same answer, government did not want bitcoin to interupt their fiat. That is why they decise to consider bitcoin as an illegal thing. I think it shouldn't needed because bitcoin itself wouldn't disrupt fiat because to made adoption or maybe to made bitcoin as payment will need really long time and a lot work to do. And maybe it is hard to replace fiat.
No offense for other countries 🌹
Why should other countries did not accept Bitcoins or let's says that Bitcoins are illegal to them?
Many reasons why some countries treated Bitcoins an illegal. But we all know that Bitcoins did not break the rules of the government, in fact Cryptocurrencies are very popular nowadays especially Bitcoin, many people got successful by joining Bitcoin.
In my point of view Bitcoin is not illegal unless you're trying to scam someone. Bitcoins did not steal money from the bank so what's the point we say Bitcoin is illegal?
States and their governments have their own logic. They can recognize bitcoin and other cryptocurrencies as illegal if they come to the conclusion that cryptocurrencies only threaten the existence and normal functioning of their financial system. I'm not even talking about the constant accusation of cryptocurrencies in the presence of the risks of money laundering with their use and contributing to the financing of terrorism. For this it is not even necessary that it is true. The numbers can be made up or simply exaggerated. It is quite difficult to deal with this, because the cryptocurrency also has its drawbacks and they can easily be exaggerated by states. Why should other countries did not accept Bitcoins or let's says that Bitcoins are illegal to them?
Many reasons why some countries treated Bitcoins an illegal. But we all know that Bitcoins did not break the rules of the government, in fact Cryptocurrencies are very popular nowadays especially Bitcoin, many people got successful by joining Bitcoin.
In my point of view Bitcoin is not illegal unless you're trying to scam someone. Bitcoins did not steal money from the bank so what's the point we say Bitcoin is illegal?
In my country, most of the people do not know about bitcoin and the benefits of it. Besides, government do not allow it because bitcoin is a decentralized crypto. Though it is good for us being decentralized but govt do not adopt as a legal currency. It may for centralized banks in my country. but I hope government will realize the benefits of bitcoin very soon.
For sure each country which doesn't legally adopted bitcoin in the circulation of their economy have their different reasons but in my own opinion the characteristics of bitcoin being decentralize is the main reason why there are still many country or government body who doesn't open to legalize the adoption of bitcoin or cryptocurrency. Here in my country cryptocurrency were widely known and many people wanted to get involved in crypto platform but the government imposing about the scams and the risk of getting involve which of course personally I know it's because it would be hard for our government to impose taxes on crypto users.
We all know that every country's government has their own reasons why not to adopt bitcoin as legal tender and generally they assume that volatility and possible abuse of functionality are the reasons why they don't legalize it as legal tender. In the future I think these rules and regulation may still change and government start adopting bitcoin as a mean of payment, but so far I don't think we all have the right to force government and society to adopt bitcoin. Bitcoin is a decentralized currency and therefore everyone has the right to decide what they want to use including the government.And knowing how bitcoin is fully decentralized, so it will never be accepted by the government knowing they don't have its full control. And not mainly because its illegal or involve in different scams which i think is just an exaggeration because its never in its context.
really be out of their interest.
So its not surprising that there are really countries doesnt consider on adopting it and decide for being neutral as of this moment some are already banning it and some do already accept or adopted it.
There's nothing we can do since a country does always have their own governing body whom do really make out decisions as they please.
For sure each country which doesn't legally adopted bitcoin in the circulation of their economy have their different reasons but in my own opinion the characteristics of bitcoin being decentralize is the main reason why there are still many country or government body who doesn't open to legalize the adoption of bitcoin or cryptocurrency. Here in my country cryptocurrency were widely known and many people wanted to get involved in crypto platform but the government imposing about the scams and the risk of getting involve which of course personally I know it's because it would be hard for our government to impose taxes on crypto users.
We all know that every country's government has their own reasons why not to adopt bitcoin as legal tender and generally they assume that volatility and possible abuse of functionality are the reasons why they don't legalize it as legal tender. In the future I think these rules and regulation may still change and government start adopting bitcoin as a mean of payment, but so far I don't think we all have the right to force government and society to adopt bitcoin. Bitcoin is a decentralized currency and therefore everyone has the right to decide what they want to use including the government.And knowing how bitcoin is fully decentralized, so it will never be accepted by the government knowing they don't have its full control. And not mainly because its illegal or involve in different scams which i think is just an exaggeration because its never in its context.
For sure each country which doesn't legally adopted bitcoin in the circulation of their economy have their different reasons but in my own opinion the characteristics of bitcoin being decentralize is the main reason why there are still many country or government body who doesn't open to legalize the adoption of bitcoin or cryptocurrency. Here in my country cryptocurrency were widely known and many people wanted to get involved in crypto platform but the government imposing about the scams and the risk of getting involve which of course personally I know it's because it would be hard for our government to impose taxes on crypto users.
We all know that every country's government has their own reasons why not to adopt bitcoin as legal tender and generally they assume that volatility and possible abuse of functionality are the reasons why they don't legalize it as legal tender. In the future I think these rules and regulation may still change and government start adopting bitcoin as a mean of payment, but so far I don't think we all have the right to force government and society to adopt bitcoin. Bitcoin is a decentralized currency and therefore everyone has the right to decide what they want to use including the government. Bitcoin is a decentralized digital currency, and no one can control and track its transactions. If bitcoin is used for criminal activities, the government cannot monitor it and it is difficult to track them. Some countries are also afraid of the economic losses that may be caused by the volatility risk of bitcoin.
But with the passage of time and the development of the digital economy, more government agencies and users see the value and benefits of bitcoin, and now more and more countries are gradually accepting it.
But with the passage of time and the development of the digital economy, more government agencies and users see the value and benefits of bitcoin, and now more and more countries are gradually accepting it.
For sure each country which doesn't legally adopted bitcoin in the circulation of their economy have their different reasons but in my own opinion the characteristics of bitcoin being decentralize is the main reason why there are still many country or government body who doesn't open to legalize the adoption of bitcoin or cryptocurrency. Here in my country cryptocurrency were widely known and many people wanted to get involved in crypto platform but the government imposing about the scams and the risk of getting involve which of course personally I know it's because it would be hard for our government to impose taxes on crypto users.
why other countries don't accept bitcoin,? actually it is their right, but if a country says bitcoin is illegal, of course we will not accept it, because bitcoin has never stolen money from banks, and bitcoin has never harmed any country, if a country does not accept bitcoin for reasons of wasting energy, even that doesn't make sense, the proof is that there are still many other companies that cause waste of energy and damage the environment, but instead are supported by the government, if I personally think the reason they reject bitcoin is because they can't control bitcoin..
I agree with you. If bitcoin is made as a means of fraud, this is also not bitcoin's fault. Bitcoin has never harmed anyone whether it's a country or a bank. In our place, bitcoin is still fine as a means of investing, even if you don't invest in stocks. However, the ban is aimed at the government issuing bitcoin as an illegal means of payment. The rest we are still free to invest.
We know that it has helped many who understand crypto. But like anything else, even if it does bring good, of course it also has things that can harm some. It's just like the way bad people use it to hide, or transact their wrongdoings just like criminals and terrorists. They can use it freely with any things that can bring harm to the majority. Not everything is perfect and that is normal.
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Why should other countries did not accept Bitcoins or let's says that Bitcoins are illegal to them?
Financial systems and regulations in each country are different. maybe the characteristics in bitcoin do not match the financial regulations in a different country. in my country bitcoin is still okay as an investment value asset. not as a means of payment because it is against the financial and banking regulations.
In your country why is Bitcoin against the financial and banking regulation?
why other countries don't accept bitcoin,? actually it is their right, but if a country says bitcoin is illegal, of course we will not accept it, because bitcoin has never stolen money from banks, and bitcoin has never harmed any country, if a country does not accept bitcoin for reasons of wasting energy, even that doesn't make sense, the proof is that there are still many other companies that cause waste of energy and damage the environment, but instead are supported by the government, if I personally think the reason they reject bitcoin is because they can't control bitcoin..
I agree with you. If bitcoin is made as a means of fraud, this is also not bitcoin's fault. Bitcoin has never harmed anyone whether it's a country or a bank. In our place, bitcoin is still fine as a means of investing, even if you don't invest in stocks. However, the ban is aimed at the government issuing bitcoin as an illegal means of payment. The rest we are still free to invest.
why other countries don't accept bitcoin,? actually it is their right, but if a country says bitcoin is illegal, of course we will not accept it, because bitcoin has never stolen money from banks, and bitcoin has never harmed any country, if a country does not accept bitcoin for reasons of wasting energy, even that doesn't make sense, the proof is that there are still many other companies that cause waste of energy and damage the environment, but instead are supported by the government, if I personally think the reason they reject bitcoin is because they can't control bitcoin..
I agree with you. If bitcoin is made as a means of fraud, this is also not bitcoin's fault. Bitcoin has never harmed anyone whether it's a country or a bank. In our place, bitcoin is still fine as a means of investing, even if you don't invest in stocks. However, the ban is aimed at the government issuing bitcoin as an illegal means of payment. The rest we are still free to invest. Why should other countries did not accept Bitcoins or let's says that Bitcoins are illegal to them?
Financial systems and regulations in each country are different. maybe the characteristics in bitcoin do not match the financial regulations in a different country. in my country bitcoin is still okay as an investment value asset. not as a means of payment because it is against the financial and banking regulations.
In my point of view Bitcoin is not illegal unless you're trying to scam someone. Bitcoins did not steal money from the bank so what's the point we say Bitcoin is illegal?
Here in our country, there are many Bitcoin-related scams that happened already and yet it isn't considered as an illegal. How's that then??If somebody tried to use Bitcoin to scam people, will it be enough to say that it is illegal already? I don't think so because Bitcoin is just being used as a tool and it isn't Bitcoin's fault.
Governments want to have full control when it comes to the money and the economy of the country and Bitcoins or cryptocurrencies in general takes away that power of them.
countries have their own policies for bitcoin issues. now what we need to know is what is the motive for the bitcoin ban policy, because what we know is that the state has certain policies related to the economy. so I think it's economic reasons that make bitcoin banned in some countries. does anyone have anything to add?
Acceptability will take some time. With so many internet scams and ponzis floating around, the governments are right in being cautious. That said, the acceptability from the authorities have improved over time. A few years ago, there were dozens of countries where even the ownership of Bitcoin was prohibited. Now the number of such nations are in single digits. This points to the growing acceptability of Bitcoin.
In developed countries, where the people are more aware of their rights, it is not easy for the governments to ban innovations like Bitcoin. In third world countries, it is much more easier to do, because the government can just claim that cryptocurrency is being used in a lot of crimes and it needs to be banned. But even in these countries, the situation is changing. A perfect example is India. There was massive outcry in 2020-21, when the government proposed to ban Bitcoin. In the end, they had to reverse their decision.
In developed countries, where the people are more aware of their rights, it is not easy for the governments to ban innovations like Bitcoin. In third world countries, it is much more easier to do, because the government can just claim that cryptocurrency is being used in a lot of crimes and it needs to be banned. But even in these countries, the situation is changing. A perfect example is India. There was massive outcry in 2020-21, when the government proposed to ban Bitcoin. In the end, they had to reverse their decision.
Bitcoin is a decentralized digital currency, and no one can control and track its transactions. If bitcoin is used for criminal activities, the government cannot monitor it and it is difficult to track them. Some countries are also afraid of the economic losses that may be caused by the volatility risk of bitcoin.
But with the passage of time and the development of the digital economy, more government agencies and users see the value and benefits of bitcoin, and now more and more countries are gradually accepting it.
But with the passage of time and the development of the digital economy, more government agencies and users see the value and benefits of bitcoin, and now more and more countries are gradually accepting it.
They have different responses, related to the characteristics of bitcoin itself, how they respond to everything related to bitcoin, it greatly influences their decision to accept it or not / will be legalized or not. I think most governments are still too worried about the risks to the government system and banks, but it doesn't rule out the possibility because Bitcoin does show many positive sides... it can be well accepted even though it is not yet legalized as a currency.
Bitcoin has done nothing to them. They just want to keep people away from it because they are scared that citizens will be independent without the fiat currency. The government, the banks, they are just scared that citizens will reduce their usage/need of fiat. They want to be able to still have control over citizens and their funds. But, can they really stop it if we make it relentless? I guess not.
Why should other countries did not accept Bitcoins or let's says that Bitcoins are illegal to them?
Some countries just don't accept it as a payment tool, only allow it to be a digital asset. It is like in my country, Bitcoin cannot be used for payment purposes, but we can use it for a digital asset. The reason is clear, the only currency accepted in my country is my national currency. It is stated in our law. While for a digital asset, it is allowed because our government already considers investing or trading crypto as legal acitivity. 
Even in my country the government says that bitcoin is not a legal payment. Even though they have never completely banned the existence of bitcoin. Maybe you can't accept it because of the nature of bitcoin which is difficult to track if government elements do money laundering, corruption, etc.. this may be the government's consideration so that the government gives a statement that bitcoin is not a legal tender.
Its always been like this.. primary concern is about money laundering or something correlating with that but i do see that the most hated thing that they arent indirectly showing off is about its decentralized aspect.They wont really be tending on dealing or accepting things which cant really be controlled or would really be out of their hands and thats why it isnt surprising that they wouldnt easily accept nor adopt it.
Some do already banned it and some do still in neutral and some do consider out the risk and accepted it.
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