Topic: why some country banned bitcoin? - page 29. (Read 10262 times)
Because bitcoin is decentralized that's why they can't control it. They can't demand taxes. Government just don't get anything on bitcoin.
Because bitcoin takes money out of their countrys.
Whenever people use bitcoin for overseas purchases, or to FIAT to buy BTC,
the money run out of the country.
Whenever people use bitcoin for overseas purchases, or to FIAT to buy BTC,
the money run out of the country.
Because the government can’t have any commissions on bitcoin mining and they can’t control the transactions in exchanging bitcoins or altcoins. Like gold, they can control its production and they put taxes on gold meaning you have less profit.
Some countries ban bitcoin mostly because this currency can't be regulated by governments. Your transactions and money are kept without eye of regulators.
those countries that banned the bitcoin are thinking that their banks will stop and their people will not take interest in their banks , because the bitcoin unique qualities facilitate the clients in such a way that banks can't. Bitcoins more beneficial for the people than banks
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
perhaps the country is afraid of inflation in their currencies and economic systems because bitcoin exchange rates are higher against their currencies and perhaps the country is afraid bitcoin will be a crime fundraiser is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
Not all of the country banned bitcoin. Some country allow bitcoin in their country because it helps them in different things and it says that it is a big oppurtunity for everyone why they allow bitcoin in our country. The reason why they banned bitcoin because it is decentralize currency literaly means it has no taxes to be pay every netizens. I think the reason why some country banned bitcoin because for them, bitcoin can affect ther economy as well as the local market. Some people allow bitcoin because they do most important things. It is important especially here in our country because it helps many people to become success in their life and some become a bitcoin millionaire because they work hard for bitcoin.They think that bitcoin is a threat and leads to a harmful economy. Also they banned bitcoin beacause for them it is illegal why they can not allow bitcoin in their country but it is clearly that bitcoin is legal. They afraid to go down their economy.
Many countries in the world have banned Bitcoin. Either the countries have thought that if Bitcoin is conformed to their country if the current currency is depleted in their country, terrorism can increase in the country or they will not be able to recover any type of income from Bitcoin or the country's currency can be trafficked abroad. Perhaps they have banned Bitcoin from all these fears.
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?
It's because some countries are threatened of bitcoin. A lot of people are earning a lot and the government is not getting any income tax because income from bitcoin is not taxable. Some countries government are not really aware of the capability and profitability of bitcoin. Some think that if they get in they might lose a lot of money.
Because government want to regulate it and to put some taxes. If all people not using fiat, government will not implement the regulations and taxes to everyone. Bitcoin is decentralized which means anonymous, it can't be taxed.
Of course the network can't be taxed, but they can easily tax anyone who cashes out at a big exchange if they want.
Because it is decentralize and no third party is need to trace any transaction and also for fear for the economy of the country goes to people.
Because government want to regulate it and to put some taxes. If all people not using fiat, government will not implement the regulations and taxes to everyone. Bitcoin is decentralized which means anonymous, it can't be taxed.
bitcoin is a digital currency and it more popular.but some country banned bitcoin because they can't control it.many countries want to use their people to work for them in order to get tax from them.I think they worry about it.bitcoin transactions it's really impossible to find out the owner any translation.so some country banned bitcoin.
Because bitcoin is anonymous, if the state legalizes bitcoin then made the heaven of corruptors for money laundering and as a place to avoid taxes. there are probably many other reasons why the state banned bitcoin but the 2 things are the most important.
This is tough to explain, i can say that this is government issues. Some countries don't legal bitcoin in their country. Bitcoin is the best crypto currency in the world but why they don't support bitcoin. Some countries think that bitcoin price always up and down and so they want to invest in bitcoin. So they banned bitcoin in their country.
its because of bitcoin has no tax. government cannot collect a tax to anybody who use and earn bitcoin.
And some governments do not like Bitcoin for not providing good results for the government
its because of bitcoin has no tax. government cannot collect a tax to anybody who use and earn bitcoin.
I think they do that because of what can bitcoin do in future.
There is an article I read and spreading that bitcoin was an experimental and a big mistake because it will conquer the banks in the future ... the author said that the price wi be 10,000 dec.. 15,000 -20,000 in nxt year and 500,000 -1,000,000 K USD.. and he said that bitcoin will eliminate all banks resulting in new way of living...
And if that happens they said that they will boycot and make bitcoin go down and cut all sea bed cables to stop it...
Bitcoin has value and it can be used to wrong things itbis basically the reason why some of countries preffer to ban it hehe... keep mining folks
There is an article I read and spreading that bitcoin was an experimental and a big mistake because it will conquer the banks in the future ... the author said that the price wi be 10,000 dec.. 15,000 -20,000 in nxt year and 500,000 -1,000,000 K USD.. and he said that bitcoin will eliminate all banks resulting in new way of living...
And if that happens they said that they will boycot and make bitcoin go down and cut all sea bed cables to stop it...
Bitcoin has value and it can be used to wrong things itbis basically the reason why some of countries preffer to ban it hehe... keep mining folks
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
I do not think that bitcoin is a common currency of the world. Because bitcoin have not been accepted by most countries around the world, is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
there are still some countries banned bitcoin because they think their country can not control this virtual currency, which could damage
their country.
I think why other countries are banned from using bitcoin because they think bitcoin is for a toy that they just do when they do not know that bitcoin is a great help for people but others think they are bitcoin like a scam so they've been able to comment as they have nothing to do with their post
Actually I don't really think that governments care about scam. In my opinion, main reason they are banning because they have almost zero control on taxation of crypto currencies. as governments major food is tax, they don't like it.
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