Topic: why some countries are prohibit BTC... - page 4. (Read 903 times)
It's natural that many countries think so, because there are so many reasons why crypto was banned in some countries. one of the reason, may be because it was difficult to organize and monitor the movement of digital currency, also can be because the tax for the country is difficult to detect.
speciall some arabic countries are stop to market with crypto currency that people thinking BTC are damaging there bank system...you can give your opinion with me...i would like to know lot of senior members what there thinking about this
Because of those countries already controlled by the bankers. We are realizing the fact that the bitcoin against the centralized system of the bankers itself. Just like US as the country with a lot of the bankers always try to prevent the crypto. Since the crypto based on the decentralized system and they are all thinking that can disrupt their economic structure.
Many countries are banning bitcoin because they are afraid from his high growth as no investment can match its growth and it is now first choice of people for long term.
speciall some arabic countries are stop to market with crypto currency that people thinking BTC are damaging there bank system...you can give your opinion with me...i would like to know lot of senior members what there thinking about this
Not only arabic countries but many developing or under developed countries have banned cryptocurrency trading because they can't regulate bitcoin because lack of enough infrastructure in their country. Also they can't monitor bitcoin transaction so they can't stop money laundering which is the biggest threat for all these under developed and developed country because it will totally destroy their national economy.
Any country that believe and founded on the rule of law and openess will not prohibit bitcoin rather it will embrace it. Bitcoin can help many Government all over the world to curb corruption and excesses
speciall some arabic countries are stop to market with crypto currency that people thinking BTC are damaging there bank system...you can give your opinion with me...i would like to know lot of senior members what there thinking about this
Most of the countries are not legalized in Bitcoin and cryptocurrency. Government is decide to accepting cryptocurrency. But this digital currency is not possible to processing in many of the countries. I think Arabic countries are not stop to market. Some spam news are published in many of them. Most of the Arabic country competitors are invest in this coin. So Bitcoin is not stop in Arabic countries. But this is affected in banks and government profit.
a lot of reason why most of country prohibit the bitcoin and others cryptocurrency
one of many reason is because bitcoin can't controlled by government, central bank, local institutions and many more
one of many reason is because bitcoin can't controlled by government, central bank, local institutions and many more
Some countries just China 
They prohibit every normal thing)
If seriously, they don't have the understanding of how to use and control BTC. Its normal first reaction. But they need to adjust its own system to the rapid growth of new technologies.
They prohibit every normal thing)If seriously, they don't have the understanding of how to use and control BTC. Its normal first reaction. But they need to adjust its own system to the rapid growth of new technologies.
When you have the monopole of something, and other people come with better ideas, more secure, less expensive, you'll do whatever you can to kick them back from where they come from.
That's what happening with banks and governments. They try to keep the way it's working right now, but some of them are clever and enter the boat before it leaves, like some banks with Dash or other crypto for banks...
That's what happening with banks and governments. They try to keep the way it's working right now, but some of them are clever and enter the boat before it leaves, like some banks with Dash or other crypto for banks...
I believe cryptocurrency wouldn't seriously harm their bank systems, what to afraid when most of their income came with natural resources anyway, still legalizing them means allowing millions of fund to move away their land without a single trace and this is especially good for companies that do shady businesses such as avoiding taxes, it just make things easier for them. Cryptocurrency also indirectly promoted scams that using the bitcoin name to cheat their public using scheme which are too common now. It's pretty expected to see cryptocurrency being rejected as their qualities are simply doesn't suit well with centralized government.
Bitcoin and cryptocurrency can handle all daily payments without using any third party software or without any regulation or monitoring. That is the real reason why many government is banning use of crypto or its trading in many countries right now. Cryptocurrency can replace whole traditional financial system and trust over crypto is growing worldwide, its revolution that can't be stopped by such bans.
speciall some arabic countries are stop to market with crypto currency that people thinking BTC are damaging there bank system...you can give your opinion with me...i would like to know lot of senior members what there thinking about this
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