Topic: why some country banned bitcoin? - page 52. (Read 10262 times)
i think the government is afraid that they can not controlling bitcoin as they want and beside that they don't want to make bitcoin as an illegal thing that can be free to use by bad people or some group. if bad people using bitcoin, then they can not be track or government will have difficult to tracked them and they can free to distribute the bad things to other people. and maybe the other reason is the government still studying about bitcoin and they are not yet finished their lesson.
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
Based on my research in youtube and google some country banned bitcoin becuase they said that this bitcoin is only a fraud and i think many country banned this becuase bitcoin is the new job for all people so i think goverment dont want that. is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
First of all they don't know how to demand tax from bitcoin and also the fear of they economy being destroy by bitcoin is another reason. And also the government are afraid of bitcoin because they can't control activities since bitcoin is a decentralized currency and not under any central bank of any country, the government are afraid that it is easy to launder money out of the country using bitcoin. So many reasons leads to some country ban on bitcoin.
some countries banned bitcoin because it is a decentralized crypto currency that can not be controlled by a particular party and also can not be traced clearly for the purposes of imposition of state tax rates
Some countries banned bitcoin for fear that the use of bitcoin shifts regular money, but it is certainly difficult to accept the problem because bitcoin can not be controlled by the government.
I think the reason is that they are afraid that bitcoin will have a negative impact on the economic system of their government, so most of the countries that banned bitcoin are not ready with the rapid technological advances of fintech today
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 countries that ban ICO activities and not Bitcoin as you claimed. Country like China ban ICO and local exchange company because of their illegal activities contrary to the laws in China. In recent time many ICO are becoming scam project day after day and there is need for the government of country to check mate their activities in other to protect her population from being scam. is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
Other country banned bitcoin because they cannot manipulate the bitcoin so the government banned bitcoin. And that's why rhey want big taxes from bitcoin. I dont know why the other reason why other country banned bitcoin. I hope those country will continue again to use bitcoin because it is opportunity to earn money and to help people and if your people successful yout country too.
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 they dont want to make legal all transaction for drugs because bitcoin transactions is very untraceable thats why government cant legalized the bitcoin. 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?
Some country banned bitcoin for me is it because bitcoin can change the people in the country and they didn't know how it can help to improve the economy on their country. But I can't see and I don't know what is their reason to banned the things that people can be rich and successful.
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
They dont see bitcoin as a technology or an easy way to may transaction instead they see it as a threat in the economy where other banks and other technologies can be wipe out because of these technology other things like cash can be now useless. is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
perhaps they forbid because they do not know the bitcoin, and how bitcoin how to improve the economy and much to change the people in the country.
still it is not clear to me.maybe because of affraid of virtual currency.what happened if country people lose their crypto money.tax is another way to banned bitcoin.they cannot put taxes to virtual ones. 
Since bitcoin is uncontrolled by the government, transactions using this cannot be tracked nor regulated.
I think the some countries are threatened with the free access of bitcoin by everyone and thus it can be used for illegal transactions and scams.
I think the some countries are threatened with the free access of bitcoin by everyone and thus it can be used for illegal transactions and scams.
In the comments I read from a friend on this forum, he said that the governments wanted to control their country's cash flow, and bitcoin against that, so they issued a ban on 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?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
simple bcoz they want to be sure that this DIGITAL CURENNCY will not abuse and used by TERRORIST,
but they're blind to see what this DIGITAL MONEY can bring to them.
a peer to peer Transaction will help people all over the world.
BITCOIN is not BAD it is how they will use for.
beside Bitcoin is a Technology not for the Value.
yep, lack of tracking for tax purposes is a big one,
also too easy to move money with a click
all countries will want control of where and how their currency is being used and more importantly by whom.
some countries will want to ban simply as a regulatory safeguard to avoid citizens losing money if viewed as a scheme but highly doubtful
it will be tough to have a total ban as the electronic transfer aspect is tough to defeat.
Note, in many third world countries, american casino chips are used to pay bribes to govt officials
recipients travel to the US to collect chips and redeem for cash as needed.
In this example is it possible to ban the handling/ownership of casino chips ?
Thanks for your comments, with your bitcoin, I have a better understanding of why countries are issuing such a bitcoin ban.also too easy to move money with a click
all countries will want control of where and how their currency is being used and more importantly by whom.
some countries will want to ban simply as a regulatory safeguard to avoid citizens losing money if viewed as a scheme but highly doubtful
it will be tough to have a total ban as the electronic transfer aspect is tough to defeat.
Note, in many third world countries, american casino chips are used to pay bribes to govt officials
recipients travel to the US to collect chips and redeem for cash as needed.
In this example is it possible to ban the handling/ownership of casino chips ?
But anyway I still believe the future of bitcoin
It might be because of tax their government is lossing money because bitcoin does not have tax and they called it as money laundering.
If the governments in these countries are known to be corrupt, they want to make sure they keep it that way. There's no easier way to do that than controlling the money supply. Bitcoin takes this power away from them so we can all move on from these outdated ideas of what money is and grow as humanity, not just one person, government or country.
Some countries ban bitcoin because there is not a way to control bitcoin centrally. The countries have their own banking system and they have full control of there central bank. Bitcoin on the other hand is a peer to peer transaction without the middleman.
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