Topic: why some country banned bitcoin? - page 50. (Read 10262 times)
Country banned bitcoin usually because money laundry, bitcoin is anonymous and very hard to find real id for bitcoin users so its easy to manipulate our money from corruption. So may be they government will protect their people from something like that. But i hope my country wouldnt do that (banned bitcoin) in my country, because i really like this world and i enjoy work for bitcoin.
As for me they try to do this because they cannot control it, actually there is no way to control it by governement. It is always easier to prohibit something that you cannot control. But sometimes it doesn't work just pushing people and companies into the shadow economy.
For me Bitcoin could ruin their nation's economy and this could have a huge impact on the government because they could not control the money from Bitcoin and certainly the banking system could be destroyed.
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 there are some reasons why they banned bitcoin. I guess they banned bitcoin because they think it is a scam even though its not a scam. In addition to that, we all know that bitcoin is tax free and it is decentralized so that I think it is the reason why they banned bitcoin and I think they banned it because they can't control it. is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
Well some countries ban bitcoin is that they’re only protecting their own national currencies and also concerned about some money laundering activities.
The bitcoin creates an opportunity for anonymity of payments and if it is impossible to monitor payments, then there is nothing to lay over a tax. The budget of any country is replenished at the expense of taxes. If there are no taxes - development of economy in the country will slow down. Therefore any possibility of the population to avoid payment of taxes is pernicious for national economy. And one more reason: control over transactions of payments is the one more lever of influence and control over the population
Because the goverment think that bitcoin will bring something harmful to their country maybe?
Or because they think it's illegal, or difficult to control because we know bitcoin is a bit anonymous(?) I don't know the right word to describe it.
But i bet the goverment have their own circumates that we may not know, but it surely for the country's good things.
Or because they think it's illegal, or difficult to control because we know bitcoin is a bit anonymous(?) I don't know the right word to describe it.
But i bet the goverment have their own circumates that we may not know, but it surely for the country's good things.
It seems to me that countries do not legalize bitcoin or do not hurry in making this decision, for several reasons. The authorities want to get their share of the crypto currency. They want to regulate them, they want to manage the resources of their citizens. After thanking the crypto-currencies, the tax will go away, the small salary at work will leave. This is the currency of the future, a serious step in evolution
It seems to me that countries do not legalize bitcoin or do not hurry in making this decision, for several reasons. The authorities want to get their share of the crypto currency. They want to regulate them, they want to manage the resources of their citizens. After thanking the crypto-currencies, the tax will go away, the small salary at work will leave. This is the currency of the future, a serious step in evolution
It is because bitcoin affects their economy in a bad way. Since most of the investments are sent into bitcoin rather than into their country the economy goes down and it results into the banning of bitcoin.
Only one reason I can think of why bitcoin is ban in some countries. It's basically that they are afraid that their people will be involve to illegal trades as bitcoin is popular before as the medium of payment for the trades that are happening in the dark web.
It is up to the country internal policy nobody knows the country internal policy that why the accept somethings and do not accept other things. Sometime we think that may be this currency will harmful for the country but on the other side if we think it is good for the people life.
One of the reason why CHINA banned the exchange of bitcoins is because it lacks legal basis. As for me, I am in favor of regulating and passing a law regulating the use of bitcoins per se. One of the reason is that, it is hard to trace or track transactions using bitcoins. The government will eventually suffer because they cannot collect tax or impose tax on transaction being made or payed using bitcoins.
i dont know the reason
maybe they afraid bitcoin will dominate country's regular money and make bad accident.
in my country, they not believe bitcoin. many corruptor here, they afraid bitcoin be reason for money laundering.
maybe they afraid bitcoin will dominate country's regular money and make bad accident.
in my country, they not believe bitcoin. many corruptor here, they afraid bitcoin be reason for money laundering.
Bitcoin is cryptocurrency and dose not give any tax and do not going bank deposit it. any one can easily keep their bitcoin won wallet. I think which country ban bitcoin their country they can not collect tax properly and they can not calculate how much wealth their country.
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 other countries around the world have a wide ranging view of the digital currency bitcoin or a “virtual currency based on their monetary system policy!is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
Reasons why run the gamut, from fear and ignorance, to protectionism of their national currency, to building a new currency in bitcoin’s image. There are basic factors or is subject to change, as many countries have not made an official decision for or against bitcoin. Some are banned by the country’s Central Banking system, some are banned by the nation’s government, and in many countries the Central Bank and national government act as one and the same.
Does it really matter for us? We just need one country which permits the conversion of Bitcoin to fiat. Because since Bitcoin is a digital asset, it can be easily moved from one place to another. Users from all around the world can travel to that particular country, and there we can convert our coins to fiat cash. And we can return to our hometowns with this fiat cash.
The government considers bitcoin to be used for money laundering crimes. Terosris financing is also one of the causes of bitcoin rejected in some countries as it does in Ukraine suspect separatists use bitcoin to fund terrorist acts.
based on the information I get from my seniors, the possibility of their country banks afraid of losing to compete with bitcoin ...
therefore they prohibit BITCOIN in its country ...
therefore they prohibit BITCOIN in its country ...
There are only two to three countries or may be one more who banned bitcoin or other crypto currencies. This is ensure that people of that nation are not making any investment into fraud schemes or Ponzi ways of making wealth. Why so? Because this will protect the national economy by not letting the money fly away with fraudster. This step was taken by China to ensure the security of money for their people. That’s what written in the articles if you read over the internet. So may be that and also another reason says those countries don’t want to loose control over their national economy just because the nations money is driving into decentralised system.
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