Topic: why some country banned bitcoin? - page 36. (Read 10262 times)
Think of the black market. Smuggling. Drugs. Anything the governments are wrestling with. If there are no regulations this market will expand. So some governments decided just to prohibit cryptocurrencies.
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 they don't receive any taxes.some country thinks that people will avoid bank and they will use bitcoin for money.Also some country thinks btc only use for crime thats why they don't support btc. My country not support cryptocurrency is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
One of the most important reasons is that bitcoin is not made by the state, and a country does not have the right to control bitcoin. Simply put, bitcoin moves the country's cheese 
Because governments are depends on taxes. And due to bitcoin is not any good that people buying it and its not possible to know how many btc has each person then governments lose their power.
In future we will be bigger bans I think and BTC should stay on feet on those bans. Governments want centralized coins as XRP not decentralized as BTC
In future we will be bigger bans I think and BTC should stay on feet on those bans. Governments want centralized coins as XRP not decentralized as BTC
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 cryptocurrencies like bitcoins is not taxable and of unknown origin that is not part of their laws and economic plans. Bitcoin maybe easily perceived as a threat to some country but some government ignores it. The best country I've seen that accepts cryptocurrencies are mostly in southeast Asia, I don't see others countries reason to banned bitcoin but I guess that is how they do their things.
I think, they fear with the development of bitcoin is very great. many terrorists are using bitcoin as a means of funding for elements of the crime, while the state can not keep track of the circulation of 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?
I think the main reason why many cou try banned bitcoins is because of the disadvantages of the bitcoin. We should become aware that the bitcoin have also many disadvantages is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
Some government in some country banned bitcoin because they don't just get an income tax from it.
I think Goverment don't wand loss many money from bitcoins.
No it's not like that, the reason behind this is the usage of bitcoin in illegal activities like buying illegal drugs online, illegal weaponry, and so on. So the Government came up to a solution of banning bitcoin for this kind of activity to stop, but I think it didn't, it just lessen than before. However, each countries that banned bitcoin have different stories, and some are too confidential to be said on public.
Although bitcoin has many benefits for the user but it is not beneficial to the country and affects the benefits of the bank. So, in some countries, bitcoin is prohibited.
It is not per se banned. What is banned right now are the exchanges of cryptocurrency and some companies that deal in crypto and make it legal business. No government can ban btc. Not unless they ban the websites that host virtual wallets. But even then people can just use vpns to still own btc and the governments cant do anything about it.
Perhaps it is just defense of financial system
When Government can't collect income tax from investors, they will prevent investors trade it. Besides, they also scare Bitcoin can replace their currency.
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?
They banned it because of the reason that bitcoin is very secured. Bitcoin is very good crypto currency and is the most used world wide. Having the best security of all makes it hard for the government to control and track. They can't track illegal trades and transactions. They can't control the release, the price and other inner workings for economy. It is hard to put tax and they can't gain something from it unless they embrace it for themselves.
because the point that I believe really is easy like bitcoin transactions cannot be read by the system because bitcoin every deal does not have its name like a transaction inside a financial institution that has a title and also bitcoin can be used to buy a thing that looks negative and maybe it is prohibited by a few countries but back again if we see on the good side bitcoin can develop and technologies are also more and more sophisticated and alter all of the financial aspects..
they feel threatened because their government could not control it and it's fast spreading like virus ready to overthrown fiat currency
For some reason, they consider it dangerous for the country?
It is a cryptocurrency.
many country banned bitcoin because they think if they free bitcoin in there country .there pepole will make there mouny as a bitcoin .so they worry about it.thank you.
many country banned bitcoin because they think if they free bitcoin in there country .there pepole will make there mouny as a bitcoin .so they worry about it.thank you.
Since they cannot control bitcoins. Anonymous transactions make it impossible for them to track and locate the user. They cannot impose taxes in which can lead to decrease in income of the government. Sometimes, bitcoins are used for illegal transactions.
i think the use of bitcoin may affect a country's economy as much as possible with bitcoin so little use local currency and bitcoin is not subject to income tax deductions
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