Topic: why some country banned bitcoin? - page 23. (Read 10262 times)
There are so many reasons that they are afraid that bank investors are moving into crypto. Because their profit is bigger here. Unlike banks that are slowly returning our investment rates. So people will definitely be interested in bitcoins to invest. Bitcoins can afford the profit that the bank gives you and you can afford it within just one day. That's the power of bitcoins that will really make it easier for us to invest and give us a big profit.
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?
bitcoin is not stable and only support by developers not have "gold, silver".
many ban it to reduce it’s effect in them countries
I think some country banned bitcoin is that the government can not get taxes from it, it could not help their economy to grow. There are also country that does not use modern technology to be used.
Yes, Any government can not get taxes from Bitcoin . But banks can get taxes on it. If there's a transactions like trading and exchange of cryptocurrrencies, They are getting taxes on your coins. And this is not a deep reason why government banned bitcoin. Other governments banned Bitcoin because of its anonymity and it can cause money laundering. You can easily transfer a lot of money without knowing who is the receiver. Just bitcoin wallet address is needed. They also banned bitcoin because of having illegal transactions that involves in buying and selling of illegal drugs, paying people to kill their enemies, scamming, hacking, etc. These are some of the reasons why other governments banned Bitcoin.
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
Because people are now fully working in Bitcoin. Just stat at home and there, work in bitcoin and have money. Government cannot use the people to work or do labor. Also, the tax is one factor. is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
One of the problem why they banned bitcoin is tax. Furthermore, bitcoin is a kind of money that you can used without any tax and it is a tax free. Bitcoin is also decentralized where no one can control it or manipulate it. I think the biggest problem of country why they banned it is being decentralized of bitcoin. is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
Yeah, some countries banned bitcoin because there are no regulations for bitcoin transactions, unlike bank transactions. Also, people don't have to pay taxes while bitcoin transactions, that affect the economy of that country. That could be the reason why some countries banned bitcoin.
I think may the these countries want to use their people to work for them in order to get tax from them I think they are worry about it that when they let free bitcoin in their countries so all the people will move toward bitcoin And because not all country's believe in bitcoin and they do not trust it also it is very hard to actual believe something that can give you this easily profit.
some countries technology not developed to control over bitcoin. But i don’t think so now days it is modern age every country have some sort of good technology to control bitcoin. By controlling you means blockchain technology and mining. You means they don’t control over blockchain technology and mining. Yes many countries have skills capital and employees. But i think they fear it can crashed his country economy. In actual move it can help country economy.
I agree, however some countries will not involve bitcoin in it. the main factor as you say. too risky and very vulnerable.
and in some developing and poor countries, politics is involved because most of the officials are corrupt
I think may the these countries want to use their people to work for them in order to get tax from them I think they are worry about it that when they let free bitcoin in their countries so all the people will move toward bitcoin And because not all country's believe in bitcoin and they do not trust it also it is very hard to actual believe something that can give you this easily profit.
some countries technology not developed to control over bitcoin. But i don’t think so now days it is modern age every country have some sort of good technology to control bitcoin. By controlling you means blockchain technology and mining. You means they don’t control over blockchain technology and mining. Yes many countries have skills capital and employees. But i think they fear it can crashed his country economy. In actual move it can help country economy.
I think some country banned bitcoin is that the government can not get taxes from it, it could not help their economy to grow. There are also country that does not use modern technology to be used.
In my opinion, Some countries banned bitcoin because their government dont get any taxes from it. By that their economy will not grow.
the state has its own rules. it could be that the country is not ready to risk or they do not want the fiat currency to be disturbed. but please note the state forbids crypto is a country that is not ready for modern technology will be left behind economically.
bitcoin is unpredictable. if government allow bitcoin, and the bubble blast or price fall then there will be a large shock in the economy. that will make the economy unstable.
bitcoin is decentralized as a result government can not control or monitor the bitcoin.can not get tax.can not impose regulation.
it is impossible to track bitcoin flow.
may be these are the reason for banning bitcoin in some county.
but European union allow bitcoin as well as some other countries.
bitcoin is decentralized as a result government can not control or monitor the bitcoin.can not get tax.can not impose regulation.
it is impossible to track bitcoin flow.
may be these are the reason for banning bitcoin in some county.
but European union allow bitcoin as well as some other countries.
Bitcoin start threatening a lot of economical system specially banks and cash money. So, it is a decision that is easily to predict because it is not working in their favour.
Some country can't reached use high technology. Bitcoin user monitoring system can't use many country.so they heat bitcoin.this reason bitcoin bannes some country as much I know.
Probably, because it is considered a shadow economy. In this case, it is impossible to track financial flows. Because of this, he tries to ban it.
Definitely economy of state is suffering because of bitcoin.People have lot of money in it and they dnt need to pay tax.Everyone is the king here of his own money.Actually thats is big problem and I think in future Experts will find solution to make people pay tax on their Bitcoin..lets see
I think Bitcoin is rather unpredictable and maybe some countries are worried about the economic impact it could have, especially if the government is not in very good control of the situation.
because they are scared of it, they know what it will disrupt, get ready for some huge ramifactions im muslim and even islamic states may start to be scared of disruption of the oil economy, maybe this will happen after all this years.
It is true that some countries are banned the bitcoin. I think the reason why they banned bitcoin is because of the disadvantages of bitcoin. I think they are focusing to disadvantage of the bitcoin and not the advantages of bitcoin.
Different government have different opinion on bitcoin. Some of country saw the bright side while some of country still disappointed at bitcoin due to some reason and declared bitcoin is illegal at their country. Bitcoin owners don't pay any tax to the government so this could be affects a country economic. Bitcoin also use for smuggling of illegal things. Bitcoin provide a secure method of money transaction with out involvment of third person due to this many terrorist organisation use it for their criminal activities. Directly or indirectly bitcoin support kidnapping, murdering etc. Due to above reason many country declared bitcoin as illegal
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