Topic: why some country banned bitcoin? - page 46. (Read 10262 times)
i think because some country can't control tax.. and some crimes use bitcoin for bussiness.. thats why some country banned bitcoin
Because they can't control and collect tax income from cryptocurrency. Besides, Crimes use Bitcoin to money laundering and business drug.
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
Well I think may 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 don't really understand bitcoin because they only hear about bitcoin on media. Media blackmailed bitcoin so many times because of that a lot of countries out there think bitcoin is a currency for criminal activities, SCAM or Ponzi Scheme. For people to understand what is bitcoin, how bitcoin operates, or how to use it - it requires certain knowledge. and you know most people are very lazy when it comes down to learning new stuff and latest technology as well.
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
Well I think may 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?
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
well because they accused crytocurrencies as money laundering because they can not get tax in cryptocurrencies so they banned it 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
They also fear that people would really put all their money to bitcoin not on the bank. As they cannot touch bitcoin they would probably banned this. Since it is a decentralized organization and government can't really touch them all they have to do is banned them. I'm afraid when it comes to our country as well.
The common view on bitcoin right now is that it is not as anonymous as many had previously thought. At any rate, bitcoin transactions are readily available to anyone to see and analyze, and there are quite a few tools that have been developed which try to track transactions. There is no doubt that special agencies have designed highly specialized and effective instruments for doing just that.
If you want real anonymity with network payments, you should use coins which don't have public ledger at all, for example, byteball. It allows truly anonymous and private transactions between two parties which don't get written anywhere.
It is pretty obvious.. The countries that ban Bitcoins want to protect the integrity of their currencies. They want to make sure that their central banks' interests are protected. They want to effectively be in control of their money's movement in and out their country of jurisdiction. These reasons are valid enough to ban the proliferation of Bitcoins.
because the thing that I think is very simple like bitcoin transactions can not be read by the system because bitcoin every transaction does not have its name like a transaction in a bank that has a name and also bitcoin can be used to buy a thing that looks negative and maybe it is prohibited by some countries but back if we see on the positive side bitcoin can evolve and technology is also increasingly sophisticated and change all the economics..
Governments are going to ban Bitcoin here and there. There are always the fringe who do not accept new technology for whatever reason.
Because they used it as a tool for some illegal transaction, like selling and buying drugs,weapons and all crime you know. So that some government banned bitcoin because it can make harm their society. 
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
Its simple, because bitcoin is uncontrollable and if bitcoin were to take over the nation currency then the country economy will collapse and there will be huge burst of investing output from the country, no more cash for the countries and no more investors willing to buying the currency, just like some african countries that suffers high inflation rate and force to denominate their own currency. is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
as of my opinions the main reason of why some countries banned bitcoin is that a lot of people now want to invest in bitcoins instead of banks, because banks i think gives 10 percent of the profit and the price of bitcoin moves fast, so here in bitcoin they make much profit instead of banks so therefore they focus on bitcoins and by this govt not allowed bitcoins in their country.
The last country to adopt this position is Vietnam. And most countries that forbid digital currencies regard the decision as ignorance about technology, will mainly be a win-win situation if they just regulate it, so every country should provide protection to its citizens.
That is the reason some countries ban bitcoin because Bitcoin is decentralized.
there needs to be rules about Crypto
That is the reason some countries ban bitcoin because Bitcoin is decentralized.
there needs to be rules about Crypto
Some countries afraid if bitcoin will be used to fund crimes including terrorism. Bitcoin can be used as a route to avoid money control, that's why some countries afraid if their citizens will use it as a way to launder money and avoid taxes.
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 Bitcoin, is getting attention, because the power of currency is growing up! The government is try to banned e keep the economy under control.
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?
Perhaps those countries fear bitcoin. They fear bitcoin because it may have a negative effect on their economy and the people. Although, I don't see how bitcoin can harm a country. On the contrary, bitcoin may be able to help rather than worsen.
Maybe it is only defense of banking system 
Sometimes country's ban bitcoin because of that the criminals and scammers use it. This is good because they take action we don't take actions against criminals who use bitcoin.
If we can stop this we could get not banned.
If we can stop this we could get not banned.
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?
Perhaps those countries fear bitcoin. They fear bitcoin because it may have a negative effect on their economy and the people. Although, I don't see how bitcoin can harm a country. On the contrary, bitcoin may be able to help rather than worsen.
Because not all country's believe in bitcoin and they do not trust it also it is very hard to actual believe something that can give you this easily profit and i think i understand why some countries have banned bitcoin.
Bitcoin has become a force to reckon with and the countries of the world realised that will not be able to control the affairs of the bitcoin currency. The Central bank of the every country will revolt against bitcoin and cryptocurrencies because it is also not taxable.
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