Topic: why some country banned bitcoin? - page 42. (Read 10262 times)
in my opinion, is because the country is afraid of bitcoin withdraws its currency from circulation or increases fraud
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 government worries about the uses of bitcoin for illegal activities and tax avoidance which can affect the government greatly that's why they banned it. There are many other reasons as well like bitcoin is pseudo anonymous as it doesn't reveal person identity, No one have control over bitcoins as it's decentralized.
things without control there is no benefit, and that can not be allowed
Because the goverment controles the countries money and they do not want a new currency that is decentralized. Even though some countries 'ban' it, they can not track its use and can not really stop anyone for using it or get them caught using it because it is anonymous and untraceable. Feel free to use it even if your country tries to ban Bitcoin.
Many countries still have no idea about Bitcoin, yet they still do not know much about Bitcoin,thats 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?
The reasons are painfully obvious, governments are seeing bitcoin as s threat to their power and they are right, bitcoin is a currency and as we know money is very powerful and governments have the monopoly to print as much as they want and they are able to cover their expenses with that if they no longer got that then they will need to become smaller and that is something they do not want.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 i think maybe because they are afraid that other bank will close because of bitcoin or maybe they do not know what is the advantage of using bitcoin and how they can help bitcoin in their country.
Yeah some country banned bitcoin.Because many government hate it.Many pepole attractive for it.Actually its really good the government don't know 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?
Other countries ban other bitcoin and other cryptocurrencies maybe because there was a problem that occurred when they use cryptocurrencies, and some may don't know entirely about cryptocurrencies and for now they are afraid to make a change in their economic status. Also, officials or the government cannot control these currencies because primarily, bitcoin is decentralized. 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?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
Because primarily bitcoin is not part of any law or system concerning currencies which if used or invested specially in huge amounts by a certain currency of that country then it may affect the value of their own currency itself. Another one reason that I can think is about bitcoins are not taxable and decentralize and if used in illegal transactions the government will have a hard time tracking the accounts involve etc.
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 dont really gets when some countries and government banned the bitcoin. It do nothing harm on them in fact this is a good benefit. The only reason i think why they banned the bitcoin because in the Metropolitan police the bitcoin is within in the bad and crime activities to other world this is the only reason i think 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
It is hard to have a tax on bitcoin specially when they do not know the system of bitcoin in terms of transactions, it is quite hard to tax bitcoin because of its price and it stock movement in the market. So technically government should have the capability to learn the system of bitcoin so they could help people on earning with the used of bitcoin and have a better way of transaction with faster and reliable way of transaction in the future. 
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
There are some country that has banned bitcoin , I think it may be because 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?
It is not only about tax which countries are looking at, most of the countries major concern is its economy and if the people starts investment in cryptocurriencies then their own economy will fall eventually. Another reason is its source as you never know the source 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?
There are some country that has banned bitcoin , I think it may be because 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?
Some countries fear what the currency can do to it's economy and the power it can give to it's citizens and then other countries fear what the currency is being used for.
Lot of people still thinks bitcoin is some shady currency which is used in deep web by criminals, drug lords etc. Until that pictures clears when BTC becoming mainstream and accepted by all the governments is unclear. Also the banks hate 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?
because its causes to thier income to the business of thier country is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
Some nations of the world banned bitcoin because many reasons. Some have seen to the future that bitcoin will takeover from Fiat and that will make their local currency valueless. Bitcoin made easy for many transaction without government interference.
it's really really difficult to control Bitcoin and they cant track
Reasons why some country banned bitcoin althought they dont totally banned it.
- They don't recognize bitcoin as a legal currency.
- They need the government to manage their currency especially their own central bank.
- They think it is illegal to use currency that is not issued by the government .
- And some government still see bitcoin as a scam
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