Topic: why some country banned bitcoin? - page 32. (Read 10262 times)
bitcoin prices are very volatile, and very risky for ordinary people to invest, and a country banned bitcoin probably because its government is afraid, people lose money for trying to invest in bitcoin
I think because it is used in gambling sites.
Some country ban bitcoin because some countries don’t know how to control the system. And government can’t issue taxes thats why they come up to the idea to ban it instead.
its not banned in our country yet. However, they are currently looking on it and warning the people it is very risky.
on the other hand, i am thinking that they are just saying it because they can't control it. they can't impose taxes on it. meaning, no income from corruption.
on the other hand, i am thinking that they are just saying it because they can't control it. they can't impose taxes on it. meaning, no income from corruption.
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?
Just a theory. It's because of some people in the Government are engaging in Bitcoin. As a public servant, they are bound to disclose every transaction they make or they are about to make to the public. Transparency is their biggest threat as it can unfold a lot story. Since there is already news that some Government officials engage or doing business with syndicates and they use Bitcoin as their mode of transactions. Imposing tax is also a problem, The government can't gain in this industry if ever.
Because government can't issue tax when you are doing transactions via bitcoin.
Because other countries around the world have a wide ranging view of the digital currency bitcoin or a “virtual currency.” Western superpowers like the United States and United Kingdom have shown a positive attitude towards the new technology. Some countries like Canada and Australia are still deliberating on what to do about Bitcoin, legally. And the many others have already made their decision against digital currency as a whole, and bitcoin, in particular, so here we’ll list the ten places you’ll find the most trouble using bitcoin. Keep in mind not recognizing or supporting the use of bitcoin and banning bitcoin are two different things. This article focuses on those who ban bitcoin legally, or in practice.
Many countries are banned bitcoin because bitcoin marketcap continues to grow and has now reached more than $ 140 billion, bitcoin is a serious threat of real money so the government is looking for an easy solution that is banned bitcoin.
some countries have not come up with a perfect system for controlling cryptocurrency yet , so it's easier to 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?
may be bitcoin in their country making considerable inflation against the official currency of the country or bitcoin as fund raising for crimes committed in that country is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
Bitcoin transactions are encrypted and while they can be tracked by involved parties, bitcoin provides a way to keep money and transactions away from the prying eye of the regulators.
To some countries, they may think that bitcoin is a false internet buzz. But according to some of the news, bitcoin is crazily increasing its demands and reviews! Some countries may think its a threat to their internet exploration, but no, bitcoin? as we can see? its amazingly successful.
I dont know too why but this is my theory why they banned. Here it goes. Maybe other country has many users and it has big affect there economic. So the goverment alarmed. Or maybe other country they dont use bitcoin in a good way. Maybe they use it to transact money and exchange it to drugs. So that why.
There could be many reasons for banning bitcoin in most of the countries.
May be, transaction through bitcoin is not so much profitable to the governments.
Again,it is very difficult to control bitcoin.As,it is out of control of the central bank.It can be another reason for banning bitcoin.
further,in past,bitcoin had been used in criminal activities.As,people can exchange it hiding self identity, so it not possible to catch the criminals without identity.
It can also be a reason to ban bitcoin in many countries.
May be, transaction through bitcoin is not so much profitable to the governments.
Again,it is very difficult to control bitcoin.As,it is out of control of the central bank.It can be another reason for banning bitcoin.
further,in past,bitcoin had been used in criminal activities.As,people can exchange it hiding self identity, so it not possible to catch the criminals without identity.
It can also be a reason to ban bitcoin in many 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?
their knowledge of Bitcoin is still very low, so they are afraid Bitcoin will harm the citizens in their country and could also be afraid of their financial endeavors to die or lose compete with Bitcoin ... 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?
Bitcoin is banned in some countries because it can affect their own currency which we know that every government supports the money that we are using and I think they are afraid that people might subscribe bitcoin or any cryptocurrency rather than the money that the government are using. is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
Some countries do not inaugurate bitcoin in their country. I think bitcoin is banned in some of these countries because the government can not levy a tax on bitcoin income.
You are right, I think because the bitcoin is not under control by the government, this is the main reason maybe, People can send and receive their bitcoin safely without any track by the government or any one, people who use bitcoin have the full control of privacy, so they can use they own tax and send an unlimted amount as they wish without any 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?
I think they banned bitcoin because they are afraid that they couldn't control bitcoin. Bitcoin has now taking its place a new international currency well in fact a lot of currencies has been existed and they want that their coin will be patronize by a lot of people but sad to say it's not
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 obvious that every government is afraid of cryptocurrencies when they are not regulated. Afraid of being left out.
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
Well 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 they will start to get their money from bitcoin so I think that can be a reason which is a wrong decision by them.is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
because they don't know how to demand taxes from this, and still fear for the economy of the country
Yes its for sure that many undeveloped countries are still not aware about potential of Bitcoin.
Already whole world might have aware about Bitcoin Because its been since from 2009. But still government not allowing it. But soon every country will accept it. Because this is the future.
Government must have to be prepare to find appropriate solutions by implementing bitcoin and other altcoins for taxation.
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