why some country still not legalized bitcoin ?

icanscript

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Quote from: wellsontheja on October 17, 2017, 08:45:41 AM

I seen some big country started to legalized bitcoin like japan, but i seen some country was ban bitcoin too just like what i hear about south korean and issues about russian will ban bitcoin in next month.
But why they ban bitcoin and some country still not make bitcoin legal in that country ?

Fear.
The officials fear the main instinct. They are afraid for their work, they are afraid of responsibility. There are accusations of corruption. They are afraid of their owners-sponsors.
All these fears they cover with care about citizens.

marcuslong

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Quote from: wellsontheja on October 17, 2017, 08:45:41 AM

I seen some big country started to legalized bitcoin like japan, but i seen some country was ban bitcoin too just like what i hear about south korean and issues about russian will ban bitcoin in next month.
But why they ban bitcoin and some country still not make bitcoin legal in that country ?

Well, Bitcoin have a lots of persecutions because of its use. Bitcoin is now used in illegal transactions, the thing that we did not expect. In some news about cryptocurrency, Many porn sites are now accepting bitcoin as mode of payment if they wanted to take a girl. As we can see, Bitcoin is just a digital currency but many people are crazy on it. They use it in pushing and selling/buying illegal drugs and scamming. And this is still continues so that many countries banned Bitcoin.

budiarmed

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Quote from: wellsontheja on October 17, 2017, 08:45:41 AM

I seen some big country started to legalized bitcoin like japan, but i seen some country was ban bitcoin too just like what i hear about south korean and issues about russian will ban bitcoin in next month.
But why they ban bitcoin and some country still not make bitcoin legal in that country ?

Not as easy as the state legalize bitcoin, it will have an impact on the stability of local currency. Of course the government does not want to take risks.

ujjwalsethi

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Some countries still have not legalized bitcoins because it is direct money for the people from the companies and there is no interaction between government or any legal body of the country. So ultimately the govt wants to have some part of the money as tax and there is no tax policy against the bitcoins. So its an opportunity for all of us to invest in bitcoins in which there is no role of government.

klaybbj

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The culture of bitcoin till now is not enter in mind of people and culture of country also they not trust yet bitcoin and his resources and specially his hidden face not shown to people

Memenya

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Quote from: aimata27 on October 17, 2017, 09:20:44 AM

It's so simple, because government in some countries are only just protecting they're own national currency.

Thats one of the top reason why government not legalized bitcoin yet.
The other reason is because government think bitcoin is too risk investment.

minisegway

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Because in each country their leaders, their understanding of the economy and everyone looks at bitcoin in different ways. Some want to allow others to ban, it does not depend on the country, it depends on the leader. Japan has always been super cool in terms of economy

Baton55

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Bitcoin main purpose is to allow people escape the central banks money manipulation happening globally since centuries. Some countries haven’t still legalized bitcoin, because it is allowing more freedom to people, and people are actually using that freedom of course. They are using Bitcoin for its purpose: to save their wealth from external manipulation.

cryptojohn9

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Many country government are still not completely mindful to what is BTC. It is convenient and dangerous currency. Bitcoin price or its market value is volatile and payment is anonymous that’s why I think some country still not legalized Bitcoin in their country.

emezh10

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Quote from: cleofila on October 17, 2017, 12:55:33 PM

Meanwhile in Russia Putin sees the crypto currency is very dangerous to safety because it would be worst scenario for increasing of laundering of money. The offshore are no more reabile things due to recently scandals at Malta.

Perhaps, the main reason why some countries are looking to ban bitcoin is because of their current economic system. Bitcoin is decentralized, government can not put a total control on their economy if they are using transactions coming from sources that are beyond the control of the state.

Adnan Saleem

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Some nations are afraid to take the plunge because of two main reasons. First, these coins are highly volatile in nature. Second, because many illegal activities are conducted via transactions using these coins...

rcticoin

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why do another country has not been melegalisir bitcoin? maybe they assume bitcoin it as an inhibitor of finance for the country, why do they do not see the Japanese already bener bener assume bitcoin as something that will change the financial a country, what other countries the wait is actually, what wait if bitcoin this will be the transaction costs or so

kidd07

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Quote from: nagatraju on December 09, 2017, 07:15:09 AM

I don't understand how you can legalize what is decentralized...you either use bitcoin or not...

Yeah, you are right mate. It is decentralized and democratized can be accepted anywhere in the world.

nagatraju

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I don't understand how you can legalize what is decentralized...you either use bitcoin or not...

zentdex

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In view of my perusing from various sources there are really a modest bunch of nation that tell bitcoin is lawful. What generally government and banks report is that bitcoin or cryptographic forms of money could be a potential monetary hazard. Many organization exploited to ask speculator to financing in their new more beneficial coin in the market. Whoever, not all altcoins are viewed as sufficiently fruitful to create income which wound up to suspend. Another reason is that the legislature couldn't underwrite a comment group which only they can't direct or control.

Akash1243

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Well bitcoins are decentralised so governments can't control the flow of bitcoins and there are still many countries who are still developing.Also i think that government can't put tax on bitcoins or bitcoins transaction so they are avoiding making them legal.Even though there are countries whi had legalised bitcoins lile japan

Samsungnumbertwo09

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Quote from: wellsontheja on October 17, 2017, 08:45:41 AM

I seen some big country started to legalized bitcoin like japan, but i seen some country was ban bitcoin too just like what i hear about south korean and issues about russian will ban bitcoin in next month.
But why they ban bitcoin and some country still not make bitcoin legal in that country ?

I think why some country is not legal the bitcoin coz some of people used the bitcoin to buy drugs, illegal gun or any illegal item and they used the bitcoin to do a illegal activities..because bitcoin is so expensive you can buy you can think of . But the truth is the government is afraid coz the bitcoin doesnt have a tax.

Nawaytes

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We can not say this: "If Germany legalizes bitcoin then China should also legalize it." or "if China ban bitcoin then Germany must do the same."
It depends on the government of each country, and all policies will be made according to their concern related to the economy of the country and the banks. And we can not force them.

Risktaker31

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Its pretty simple they just want to govern the use of bitcoin on their local market and they dont want their people use bitcoin for illegal stuff like buying drugs .

Kirachan95

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Almost countries that not legalize Bitcoin yet are third-country with developing technology so they don't have enough ability to be able to control Bitcoin and avoid people taking advantage of Bitcoin to commit guilty. Beside some country think that Bitcoin will affect to their economy in bad way to they don't want to legalize Bitcoin in their country.

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