Topic: why some country banned bitcoin? - page 39. (Read 10262 times)
They forbid bitcoin because the federal government didn't levy bitcoin .. and think it is harmful to the country. They do not realize that huge salary individuals, the new country keeps growing.
bitcoins is banned by some country especially if that country is a 3rd world country, they are not open to cryptocurrency and most of the physical stores do not accept payments thru online, lack of internet, basically they do not have enough knowledge or afraid to accept bitcoin in their financial market.
Although Bitcoin is the most valuable and popular currency in the current world, It is good news, but many countries think there are many difficulties in the country. I think any country will not allow Bitcoin because their is a anonymity transactions that will help money laundering which can ruin a country. Most of the countries realized that will not be able to deal in the Bitcoin currency. The central bank of the country will revolt against Bitcoin and cryptocurrencies because it also not taxable.
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
Some goverment did not believe in bitcoin so that's why they said that bitcoin is a fraud only and some goverment scared about digital currency because of this bitcoin bitcoin can replace the bank in thw future with a low fees so goverment trying to banned this in some country. is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
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.
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 likely that some countries prohibit the existence of bitcoin because bitcoin has not been formalized by its government so that its people are prohibited from using bitcoin. I think the problem is the government ban so bitcoin is not allowed. is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
Maybe they think that there is no way to take tax on bitcoin and they are taking it as their competitor.thats why they are doing it
The reason it is simple, they have the monoply and they do not want competitors. They are like a mafia who control all and what they do not own, they regulate it. The point is to control it but with bitcoin it is a bit different, so that is why they opposite. Some countries they ban, some they do not and wait to see how it will work the expirement of banning on another countries.
They think that if they recognize Bitcoin, then the value of the current currency will be reduced in their country. Maybe they do not know the rules of collecting Tax from Bitcoin.
bitcoin ban is a way for China to enforce capital controls. 
Because other countries think that bitcoin is a scam and illegal.
There may be several reasons why a country forbids bitcoin is because they are difficult or can not manage it. And they are afraid if bitcoin will displace the value of their fiat currency in which fiat money is a history for a country because sometimes in paper money there are images of the nation's fighters or historical places.
Yes, the government of countries can not be regulator of bitcoin and bitcoin be considered not currency the government thinks bitcoin will makes dangerous system of currencies on their countries,
but the fuct bitcoin helps the system of currencies for the people around the world, for example
bitcoin protects us from the inflation in fiat currencies and it will helps on crisis of economy too.
There may be several reasons why a country forbids bitcoin is because they are difficult or can not manage it. And they are afraid if bitcoin will displace the value of their fiat currency in which fiat money is a history for a country because sometimes in paper money there are images of the nation's fighters or historical places.
because bitcoin, like any other traditional currency, can be used for monetary fraud, in addition, transactions with the crypto currency are speculative, bitcoin creates a threat to the existing financial system
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?
In my point of view, I think that maybe bitcoin was allowed to them before, but there's something bad happened that has a huge impact in their country. I mean, why would they just banned bitcoin without any reason, right ? And I think that maybe allowing bitcoin in their country, makes the value of their currency drop. Because for me, bitcoin is still affected by the law of demand and supply. For example, if many people uses their currency instead of bitcoins, there will be a big chance that value of it will become bigger(law of supply)
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?
In my opinion, maybe because bitcoin was widely used in their country for illegal activites, such as buying drugs and so on and so forth. I think that they are just doing it so that they can prevent those illegal activities and make their country more organized. But, for me, maybe if they manage it right, maybe they could use it to improve their country instead. Why don't they just use bitcoins to make their economy better. Maybe with right management, they could still use bitcoin while preventing illegal activities.
I do believe that the reason why some country banned bitcoin is because of the very reason why bitcoin became popular.
Bitcoin is a deregulated and decentralized form of exchange in which government will surely censor espcially since they want an overall control over their citizens.
Bitcoin is a deregulated and decentralized form of exchange in which government will surely censor espcially since they want an overall control over their citizens.
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?
Some countries banned bitcoin because they think that the potential threats of crypto currency is heaver than the potential success that their economy can gain from it. They don't want to risks more conventional means for cyber criminals can use in various illegal transactions. Their government has no interest in crypto currency so they just banned it.
Bitcoin is the new digital currency,it is always ups and down.bitcoin owner and bitcoin details not known by people.bitcoin scams,gambling also big problem.bitcoin is decentralized currency this is also problem.
Because, The country whose people can't use Btc in their country for their govt.I think that govt is all. If the govt is not interested, the country people will not able to use Bitcoin in their country. I also think that govt of those country probably think Btc as a negative thought. For this,Bitcoin is banned some country
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