Some countries that prohibit bitcoin have different reasons, but there is one obvious reason they are afraid of bitcoin, which is anonymous and decentralized bitcoin properties. The state can not track its citizens who use bitcoin because bitcoin is anonymous, and the state can not control bitcoin, they are worried about bitcoin being misused for illegal activities
It is true. This means no official administrator controls it. The government can not control it. So most governments are afraid of their misuse as a tool of criminality, such as terrorist financing, black markets, and the most feared can disrupt economic stability. 
Topic: why some country banned bitcoin? - page 22. (Read 10262 times)
Some countries that prohibit bitcoin have different reasons, but there is one obvious reason they are afraid of bitcoin, which is anonymous and decentralized bitcoin properties. The state can not track its citizens who use bitcoin because bitcoin is anonymous, and the state can not control bitcoin, they are worried about bitcoin being misused for illegal activities
Some country banned bitcoin because accepting might take some risk. Bitcoin is a decentralized cryptocurrency. Every transactions happened here do not need any intermediary. Transactions made can not be tracked and known by the government. Therefore, illegal things may occure that may harm the country.
Yes, that could be the main reason why most countries banned bitcoin.Bitcoin is not taxable so if it is tax free then government will not get share from it. but goverments in some country because some goverments still hates this bitcoin they scared about crypto because bitcoin and all crypto can replace the all banks in the future.
Because bitcoin is a decentralized digital transaction, countries simply do not know how to manage their tax rates, so simply ban it.
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
There are different problems that government are facing in other countries and because of that , Even cryptocurrency can affect the economy of every country. Bitcoins can be used by everyone even those people who are creating illegal transactions such as drug laundering through bitcoins and government are afraid of that kind of problems.
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I think its a question of time before some other gouvernment introduce some law to control the cryptomoney
in my country vietnam. The government haven't recognized bitcoin because they still consider bitcoin to be a virtual currency that has no real value
I think some countries try to ban bitcoin in because they are afraid of something new, they are afraid that bitcoin will have a negative effect on their country's economy
cuz it can be used to money laundering and many illegal activities cuz no one can track the transactions
You have some point! Thats what I thought too. Bitcoin in some countries got banned because they think its illegal since they cannot trace anonymous owners for the transactions. That's why they are hesitating in approving it to avoid any illegal operations that the government can't control.
There are different problems that government are facing in other countries and because of that , Even cryptocurrency can affect the economy of every country. Bitcoins can be used by everyone even those people who are creating illegal transactions such as drug laundering through bitcoins and government are afraid of that kind of problems.
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
There are different problems that government are facing in other countries and because of that , Even cryptocurrency can affect the economy of every country. Bitcoins can be used by everyone even those people who are creating illegal transactions such as drug laundering through bitcoins and government are afraid of that kind of problems.
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
There are different problems that government are facing in other countries and because of that , Even cryptocurrency can affect the economy of every country. Bitcoins can be used by everyone even those people who are creating illegal transactions such as drug laundering through bitcoins and government are afraid of that kind of problems.
because the government can not control the movement of bitcoin, because bitcoin transactions are ononim unknown to the owner of bitcoin and will harm the country such as tax evasion.
Bitcoin will forever be a contradiction, for those who embrace the ancient system then the presence of bitcoin can be a threat, but this will not make bitcoin disappear because bitcoin users are from different countries.
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
There is no problem in bitcoin infact the government are scared about bitcoin because it can affects the fiat money which the government care of. If people will used bitcoin than fiat,the government will not get the tax that they need to buy new houses. is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
Some countries are very conservative, they think that bitcoin will ruin their economy or their currency will be set aside that is why some of them bans the use of bitcoin just like china did.
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
For my case,my country banned Bitcoin and Cryptocurrency because they claim that cryptocurrency helps money laundering and since Bitcoin is pseudo-anonymous it also helps drugs and weapon traffic.is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
In a way,they are right because people use's Bitcoin anonymous feature for illegal things furthermore governements needs to take actions against that.However in my opinion,with cryptocurrency or without it crime will always be there no matter what.
They are only scared of what bitcoin can do badly on their society, maybe they only focus on the negative benefits of bitcoin. Well, wayback from where bitcoin became popular bitcoin mostly used in deepweb where you can buy drugs, or to watch a child pornography, or hire a killer man which is illegal even though such thing happens right now. They only fear those things, and in addition they do not want their citizen to loose their money or to get scammed by unknown people or group which uses bitcoin to encourage people to invest to them because bitcoin value is not as fixed and continuously grow bigger and sometimes lower.
In my opinion, Some countries banned bitcoin because their government dont get any taxes from it. By that their economy will not grow.
Your right that might be one of the reason of banning bitcoin to some countries. The taxes that involved with it, the government don't like bitcoin to be part of their society because affects directly to the economy.
Some countries ban bitcoin because their lawmakers think that it is difficult to regulate and bitcoin will be used for illegal transaction. The government also cant generate income on it because bitcoin is not taxable thus it may take negative effect on its economy.
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