Topic: why some country banned bitcoin? - page 33. (Read 10262 times)
Governments banned Bitcoin because they don't know how important is this forum, it can help people to survive in life and can sustain they daily needs. Bitcoin can help the economy of a country to be improve. There is many opportunity here and everyone can avail and grab that.
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?
Maybe because they are scared of the fact that Bitcoin may overcome their governments and will lose track of transactions.
I think why some country banned bitcoin is because they don't have an idea of making they're country grow using this bitcoin and maybe they are not eligible in using an internet in their places.
The reason why some country banned bitcoin its because they cant give tax to it also they cant get income in bitcoin,Specially in my country which is the philippines they also say that bitcoin was being use by terrorist and druglords in their illegal transaction thats the reason why they banned bitcoin because they cant track the transactions and they cant divulge any information but to those people who earn bitcoin by working hard in joining signature campaign I really find bitcoin very helpful to me because of bitcoin I can support my daily expenses and daily needs so thanks to bitcoin.
Because some countries are thinking this Bitcoin and Cryptocurrency will sabotage their local currency so they don't let their Citizens involve with Crypto-Currencies.
They're just protecting their sovereign money from economy sabotage if possible.
They're just protecting their sovereign money from economy sabotage if possible.
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?
First reason, Government can be control bitcoin an they afraid it will be hurt their economy
Second bitcoin transactions is anonymous transactions and anyone can also use it for illegal purpose. This is government of many countries are worry
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
It is a common misconception that bitcoin and digital currency are totally banned and illegal in China, but China has become the world’s largest bitcoin trading market. The bitcoin ban is strictly on banks, as the central banking authority, The People’s Bank of China is owned 70% by the Chinese government. Banking institutions and employees are banned from engaging in bitcoin business through banking, as well as servicing or doing business with the bitcoin industry. Trading or mining in bitcoin is not illegal for common citizens is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
Some country like the republic of china is planning to ban bitcoin because it is the root of fiat depreciation or not using their own currency instead of bitcoin they are developing one which can be use digitally. Maybe the government is scared that bitcoin might control their government and bank systems and bitcoin contributed to most of its criminal acts.
Recently MONACO country banned Bitcoin and Venezuela and Bangladesh and Nepal are in banned list of Bitcoin and Cryptocurrencies even minning and trading and exchange are also banned in these country
Even though those countries you mentioned seem to have really low market capitalization of local exchanges there or even none of them have official cryptocurrency exchangers, it's still a bad news though.maybe they see the big bitcoin market cap and starting to afraid that people could move their investment to the bitcoin. does make sense TBH
Their people are unable to enjoy the perks of bitcoin just like those citizens where bitcoin is legal for public use. People are earning their livelihood just because of this amazing currency and such invention should be adopted by developing countries at any cost.
Some countries banned bitcoin maybe because they saw bitcoin as a threat. But if we prove to them that bitcoin, the first digital payment system, is safe to use, good for investing, and also can make the country successful , maybe oneday the government will realize that bitcoin can be acceptable to every transactions.
There are number of countries which are taking very positive steps in promoting the usage of bitcoin in their countries. On the other hand, there are few countries which think that bitcoin is going to create lot of troubles for them. The most basic reason is the lack of awareness among those people regarding bitcoin. Moreover, they don’t want to accept such kind off change. 
Its a bad startegy for the countries that ban Bitcoin. But the decision is based on fear of loosing control.
Some country banned bitcoin because they don't know how important is this forum in every person here. They don't have knowledge or ideas what bitcoin can do our daily lives and in our future. They think that this site is all about gambling or not trustable. But here in my country I can freely use Bitcoin.
Some country banned bitcoin its because bitcoin has alot of advantage rather than cash and also you can send money without any fees and the government can't control bitcoin and they can't add tax on in it,then maybe because of bitcoin has a big value they are afraid that many people will invest in bitcoin.In my country which is the Philippines bitcoin was being banned because the goverment said that it is being use by terrorist and druglord in thier illegal transactions but bitcoin really help alot of good people who earn and use bitcoin in a good way specially me so I am so sad that bitcoin was being banned in my country.
Recently MONACO country banned Bitcoin and Venezuela and Bangladesh and Nepal are in banned list of Bitcoin and Cryptocurrencies even minning and trading and exchange are also banned in these country
Even though those countries you mentioned seem to have really low market capitalization of local exchanges there or even none of them have official cryptocurrency exchangers, it's still a bad news though.maybe they see the big bitcoin market cap and starting to afraid that people could move their investment to the bitcoin. does make sense TBH
Recently MONACO country banned Bitcoin and Venezuela and Bangladesh and Nepal are in banned list of Bitcoin and Cryptocurrencies even minning and trading and exchange are also banned in these country
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?
Because you can't make ten times the value of your Bitcoin by loaning it to people and stealing their homes when they can't pay the high interest rates like during the GFC. Simple as that I think!
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?
The thing is some countries fear about what can bitcoin do to their economy and people. What they fail to see is the benefits and advantage it can bring to the people in those particular countries. Still, it is not too late for a change of heart.
Lacks regulation maybe the causes, Bitcoin indeed have no rules so most people easy to use it for such a crime
obviously because bitcoins can be obtained w/out actual work. countries dont want to have less work force right? bad for economy
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