why some country banned bitcoin? - page 40.

hilda483

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Quote from: nurilham on November 07, 2017, 04:25:11 AM

in my country, Bitcoin is not accepted by the government because Bitcoin is considered to threaten the fiat currency rate. but even though the government has banned many Bitcoin seekers.

Aside from this Bitcoin involves a high risk as well. Some governments fear of what you said but some just want to protect their citizens and others embrace the crypto coins.

Gloiri

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Some country's are scared because that there are criminals using bitcoin. This makes some governments take actions fro bitcoin. I understand because so many hackers are using it.

They need to do something about it because they are destroying bitcoin for us all.

nurilham

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in my country, Bitcoin is not accepted by the government because Bitcoin is considered to threaten the fiat currency rate. but even though the government has banned many Bitcoin seekers.

Holopopstyir

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Bitcoin allows uncontrolled (and tax-free) exchange of significant assets. The state can not tolerate this.

Vilestabber

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Quote from: shixd8899 on November 07, 2017, 04:11:08 AM

Bitcoin is a product of Internet freedom, some governments feel it not easy to control, would be a threat to its legal tender status

I agree i think that The bitcoin gets banned by some country's because it is not being controlled. No one knows what happens with your bitcoins and because there are a lot of criminals who use bitcoin that is the reason they think it is not save in their country.

HBT_HE

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Because they think bitcoin hurts their country's economy, it's not good for the country, so it will ban bitcoin, but I, I think bitcoin is a good thing. Cry

shixd8899

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Bitcoin is a product of Internet freedom, some governments feel it not easy to control, would be a threat to its legal tender status

Pansamantala

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Quote from: rajuahmed763 on October 19, 2017, 09:26:17 AM

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

PointHope

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A global currency makes government and central banking obsolete.

The elite globalists have not really woken up to this. By the time they do it will be too late to regain control....short of a global nuclear war.

Fuck the government, all government Cool

crypto_Butterfly

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Some countries restrict it because it conflicts thr laws. But I am sure they will regulate it under the laws because its a need of the whole world.

n0ne

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DGbet.fun - Crypto Sportsbook

The major fear that users have is the control. When people start using decentralized asset, government cannot make benefits out of the same, but when it has been regulated surely governments can benefit same way that Japan making at present. This seems to be the real fact for banning of bitcoin. Recent days lot of countries who banned cryptocurrency in the past has taken back the ban allowing people to use it.

limelemonade

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i think is due to taxes...cause is all encrypt...check needs a lot time and money .. best way is to ban it

richkellj

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Quote from: lenovo16 on November 01, 2017, 04:29:04 AM

Quote from: rajuahmed763 on October 19, 2017, 09:26:17 AM

why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?

Lately in September there's an issue come out about China who banned bitcoin in their country. We know that huge number of investors are came from China. That's why many speculation come out after that incident. Some like bitcoin will fall down because china banned it. But its never happened, unfortunately bitcoin become more stronger than before. That why its a big question why china banned bitcoin.? Maybe because bitcoins brings threat to their economy.

Actually countries are trying to use their people to work for them in order to collect a tax and everyone knows that tax can play a big role in economy of any country so I think that can be the big reason but I think that is not a good reason because bitcoin s going to help in economy of any country and even bitcoin can reduce unemployment in many countries.

Sir Paijoe

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Some country is certainly worried if the use of bitcoin is increasing then people will leave fiat. In addition, in the country of course prohibited transactions with other than legal currency that if there is a problem then the state can not solve.

StarofBTC

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Quote from: Lady Coquet on November 05, 2017, 04:48:03 AM

Quote from: rajuahmed763 on October 19, 2017, 09:26:17 AM

why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?

In my own personal opinion, maybe the government of some countries banned bitcoin because they think bitcoin is a scam, that some bitcoin users use bitcoin to trick other people so they could earn more money and people earned money with it for free that's why the government do not have any shares from bitcoin.

I do not think the same way .According to my personal beliefs the country banned the use of Bitcoin at a particular time temporarily just because their banks are not able to manage such a large flow of money into the accounts and continuous exchanges payment and money transfer do have a large impact on the country's economic system.

As you all know that China had recently banned use of cryptocurrencies in their vicinity which was to be removed again because no country has such a potential to ban the use of digital currencies on permanent basis due to its excessive use and quite high rate in terms of market value.

Jovl

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As always it is, Bitcoin is a digital cryptocurrency which has its own online system in order to have transacrions.Some countries banned it because of the threat that their income will be lessen.The earnings from Btc is not taxable.People may use as a means of trading, investing and even purchases for some available stores who adapts the use of crypto.Also government is afraid that people will only use crypto than the fiat which may lead to losses in some businesses,banks, establishments which does not offer btc transactions.

KesoNie

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Quote from: chuoinguyen227 on November 05, 2017, 07:27:21 AM

I've also wondered what it was like you and I have always thought about it, but until now I still do not really understand why other countries banned the bitcoin operation, I think bitcoin is great??

because they first know bitcoin in a not good situation thats why they think that it is not good for their country to have that bitcoin , and many people knows bitcoin when the ransomware attacks i think it is one of the reason why govt in other countries get alarmed and triggered that bitcoin is harfull.

warwar

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Quote from: Aleator on November 05, 2017, 07:30:35 AM

Quote from: crypthomonkey on November 05, 2017, 07:02:06 AM

With bitcoin you can transfer money out of the country, I think it's the main problem

The tax, yup you absolutely correct for this we do not need to send the tax if we are going to send money or wanna pay something but with other currency.
we just need the fee on every transaction we did just that.

Only fee , I agree that we can send money in other country without tax and it is really fast and easy to send . Though now bitcoin is getting popular and some countries they legalize bitcoin in their country and the next step is the government will take place about bitcoin and they will tax in owning in bitcoin and it is possible to happen sooner

Aleator

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Quote from: crypthomonkey on November 05, 2017, 07:02:06 AM

With bitcoin you can transfer money out of the country, I think it's the main problem

The tax, yup you absolutely correct for this we do not need to send the tax if we are going to send money or wanna pay something but with other currency.
we just need the fee on every transaction we did just that.

chuoinguyen227

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Vite

I've also wondered what it was like you and I have always thought about it, but until now I still do not really understand why other countries banned the bitcoin operation, I think bitcoin is great??

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