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Topic: why some country banned bitcoin? - page 58. (Read 10262 times)

newbie
Activity: 56
Merit: 0
October 20, 2017, 10:48:43 PM
#47
In the current world,some country banned bitcoin.We know that a county whose all rules gives by the govt.That means govt is all of a country. In this regard I think the govt recalls that the economic slow down for bitcoin.But it's totally a disappointed thought .For this,some country banned bitcoin
legendary
Activity: 2646
Merit: 1106
DGbet.fun - Crypto Sportsbook
October 20, 2017, 10:21:06 PM
#46
Countries fear of the decentralized functioning as a  major issue, but countries which has understood the potential has come up with the plans of using bitcoin for different needs. Another thing countries fear that it will encourage more illegal activities which is not the reality.
member
Activity: 206
Merit: 10
October 20, 2017, 10:14:25 PM
#45
I think the use of Bitcoin can cause problems of inflation in the country.
Because the money will be less than earning money. Besides, the government will not get regular text. Therefore, it has been banned in almost all countries. But for the betterment of the country, we must validate the use of Bitcoin in every country and properly control the value of the currency.
This can be done as well.
hero member
Activity: 1498
Merit: 507
Not your Keys, not your Bitcoin
October 20, 2017, 10:13:41 PM
#44
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
This is like an movies bitcoin is the superstar so that's why there are many country and people against and banned this becuase they theory is bitcoin is only a fraud ! Lol but i think in the future peopleand country who banned bitcoin will regret someday.
I think you are wrong. Bitcoin is a digital currency and it will develop the country status. Some countries are not legalized. Because they does not have that much potential to handle the cryptocurrency. In future bitcoin or any other altcoin is rule the all country. That time all the countries must be legalized in Bitcoin. No known should said bitcoin is banned some country.
full member
Activity: 196
Merit: 100
October 20, 2017, 09:42:42 PM
#43
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
This is like an movies bitcoin is the superstar so that's why there are many country and people against and banned this becuase they theory is bitcoin is only a fraud ! Lol but i think in the future peopleand country who banned bitcoin will regret someday.
full member
Activity: 448
Merit: 100
October 20, 2017, 09:38:29 PM
#42
The possibility there anxiety of the country are likely to be afraid if to the original currency replaced by the bitcoin that each year increase the Exchange rate a very high. automatic the country should be able to anticipate a way prohibit bitcoin outstanding.
legendary
Activity: 1596
Merit: 1011
October 20, 2017, 09:32:41 PM
#41
The state does have a decision to take any action. I see that countries that are banned on bitcoin are usually countries with a high degree of fear, the worry could be that bitcoin can generate economic turmoil in the country. this is indeed quite the price because bitcoin prices are rapidly changing can indeed make an investment and its citizens can experience big losses.
full member
Activity: 564
Merit: 100
October 20, 2017, 09:27:03 PM
#40
bitcoin is freedom, and the digital currency is very much sold traded by many people. so every country wants to control bitcoin completely. because bitcoin is a big project that can control the world-wide currency, and the economy of everyone

Yes, they always want to control it. However, controlling bitcoin is not an easy task. So, instead of controlling it, they forbid people to use bitcoin.
full member
Activity: 462
Merit: 100
October 20, 2017, 09:13:56 PM
#39
bitcoin is freedom, and the digital currency is very much sold traded by many people. so every country wants to control bitcoin completely. because bitcoin is a big project that can control the world-wide currency, and the economy of everyone
sr. member
Activity: 322
Merit: 253
October 20, 2017, 09:10:12 PM
#38
The government officials of that country are greedy and corrupted by the financial institutions that monopolies the entire country’s banking system. There’s no way they’re doing it for just because they just want to or by those negative news and FUDs from other banking officials.

Money and income is more important thing to that government than the chance for they’re citizens to profit and earned. This is the hard truth of how evil each public servant we have that make this world the worst place to live.
hero member
Activity: 648
Merit: 502
October 20, 2017, 09:04:11 PM
#37
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
Personal reasons.
Political issues.
Wealth threat.
Banks.
These are factors to consider why some countries banned crypto (BTC). The thing here is they cant touch the technology (because it is too advance for them) and they can't put the people in jail so they are making rules and making a fuss about the blockchain technology. Poisoning the minds of people.
full member
Activity: 588
Merit: 103
October 20, 2017, 07:50:06 PM
#36
Because they think bitcoin is dangerous that there economy were down because of bitcoin another reason is the taxes implement they don't know how to taxes each transaction of bitcoin and lastly the government cannot handle bitcoin.
newbie
Activity: 30
Merit: 0
October 20, 2017, 07:49:52 PM
#35
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?

Could you please tell at least one? I haven't read anything yet like a real ban. What countries are banning are ICOs, because ICOs do not have a clear point on the investment and the Government cannot protect people agains scams.
member
Activity: 154
Merit: 10
October 20, 2017, 07:48:01 PM
#34
some country ban bitcoin because i think the reason is this is no taxable..teach people work in our home if every body work for bitcoin? what happen to other  brand company? who work for them? if people work for bitcoin how country it work without income we're country get there income because bitcoin is no tax...like china they ban bitcoin because more people work for bitcoin so worker of there company is insufficient....so ithink thats the raeson why some country ban bitcoin...
member
Activity: 434
Merit: 10
October 20, 2017, 07:46:08 PM
#33
Bitcoin is banned in other countries because the government can not control it.And their also afraid because money laundering,means that they convert their billions of cash to bitcoins and we know that its transaction can not be traced.So easy for them thats why government is really afraid on it.
member
Activity: 378
Merit: 10
October 20, 2017, 07:30:33 PM
#32
Bitcoin transactions are encrypted and while they can be tracked by involved parties, bitcoin provides a way to keep money and transactions away from the prying eye of the regulators. on the other hands, some countries might think that bitcoin users will be free of tax while they earn much money from bitcoin. it makes them worry to the economy of their country.
sr. member
Activity: 292
Merit: 250
October 20, 2017, 06:18:41 PM
#31
In what particular country are you referring to?
I never heard a country that bans bitcoin, ICO maybe ban and planned to be banned in some countries like China, South Korea and Russia.
I would agree if you said that it was regulated for some tax concerns and other more.
sr. member
Activity: 264
Merit: 250
October 20, 2017, 05:43:00 PM
#30
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 country banning bitcoin doesn't mean that they hated bitcoin or any digital currency. Instead they have making rules and regulations in which when they accepted bitcoin again, they can controlled it and gain some profits. Bcause of being decentralized and tax free, the government can't generate extra income from bitcoin holders and that is their problem. Of course they needed some fees to be fair enough with other investors. And I don't think that this is a bad idea  because we can also benefited those taxes we paid to the government.
I think still not a single country has officially banned bitcoin. In fact most of the people still do not take any official decision on bitcoin, but bitcoin is still under their observation and hopefully very soon they are going to turn bitcoin as legal currency, because bitcoin is now becoming an important part of our life.
sr. member
Activity: 805
Merit: 250
October 20, 2017, 05:01:51 PM
#29
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 country banning bitcoin doesn't mean that they hated bitcoin or any digital currency. Instead they have making rules and regulations in which when they accepted bitcoin again, they can controlled it and gain some profits. Bcause of being decentralized and tax free, the government can't generate extra income from bitcoin holders and that is their problem. Of course they needed some fees to be fair enough with other investors. And I don't think that this is a bad idea  because we can also benefited those taxes we paid to the government.
member
Activity: 364
Merit: 12
October 20, 2017, 04:41:53 PM
#28
And government, maybe, want to save some people from high-risk investment. Somebody understand this, but a lot of people see just great digits and without any doubt buy crypto.

P.S: Bitcoin can't replace banking, how the chain will will cope with such an amount of operations?
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