Topic: why some country still not legalized bitcoin ? - page 3. (Read 2160 times)
Might be they are thinking that bitcoin is not a conventional type of currency, it's a digital mode of currency and they have fear of economic imbalance
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 ?
my opinion The status of bitcoin legality varies by country. It all depends on each regulation set by its government. Until now in some countries that have legalized transactions using bitcoin alone still do not have a clear regulation.But why they ban bitcoin and some country still not make bitcoin legal in that country ?
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 ?
my opinion The status of bitcoin legality varies by country. It all depends on each regulation set by its government. Until now in some countries that have legalized transactions using bitcoin alone still do not have a clear regulation. But why they ban bitcoin and some country still not make bitcoin legal in that country ?
Because some country are afraids because they might have a business terrorist attack so they dont want to eagalized the bitcoin in the country
Some country ban bitcoins because they’ve seen bitcoin as a threat to their centrally-controlled. Just like Vietnam, Iceland , Bangladesh and many more. Maybe if bitcoin will always give good feedbacks maybe in the future bitcoin now is for worldwide.
there are many reason why some countries ban bitcoin, some are they don't want to use digital currency and they are only focus on their local money and i think some of them choice to invest on what their country develop, or in the bank that their country more stable. some also may ignore the bitcoin and don't want to transact using it.
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OP, WHAT are you talking about?
Nearly ALL COUNTRIES have banned bitcoin related bank transactions for more than four years (since 2013).
Bitcoin has been banned all over the world by all big banks in nearly all countries since 2013 (for over 4-years) and the banks have completely failed at stopping Bitcoin. Just try to do a bank transaction say its for "Bitcoin" and watch your transaction be blocked for review.
Everyone in all countries are still finding a way to get Bitcoins. They simply never say "Bitcoin" when dealing with banks. People are smart.
Central banks directed a worldwide war on bitcoin since 2013 and have utterly failed.
They cannot stop or even slow-down Bitcoin. Adoption is actually accelerating. Nearly 1% adopted by world population and increasing. Currently, Bitcoin's total market is valued at more than $110 Billion USD.
Amazing to see global trade growth on localbitcoins as well (scroll down to see all the individual countries):
https://coin.dance/volume/localbitcoins :
Nearly ALL COUNTRIES have banned bitcoin related bank transactions for more than four years (since 2013).
Bitcoin has been banned all over the world by all big banks in nearly all countries since 2013 (for over 4-years) and the banks have completely failed at stopping Bitcoin. Just try to do a bank transaction say its for "Bitcoin" and watch your transaction be blocked for review.
Everyone in all countries are still finding a way to get Bitcoins. They simply never say "Bitcoin" when dealing with banks. People are smart.
Central banks directed a worldwide war on bitcoin since 2013 and have utterly failed.
They cannot stop or even slow-down Bitcoin. Adoption is actually accelerating. Nearly 1% adopted by world population and increasing. Currently, Bitcoin's total market is valued at more than $110 Billion USD.
Amazing to see global trade growth on localbitcoins as well (scroll down to see all the individual countries):
https://coin.dance/volume/localbitcoins :
Many things why it can happen, one of which is because a country wants to keep its own currency. Because if the bitcoin is legal in a country, it is feared that the main currency of the country will be eliminated.
I think because
1) Bitcoin, like other electronic currencies, can be used for money laundering or for tax evasion
2) The system does not have a monitoring center, so it will not work out in order to appeal or reverse the transaction in the reverse order.
3) Virtual money does not have security
4) Propaganda of Bitcoin carries a threat to the financial system
1) Bitcoin, like other electronic currencies, can be used for money laundering or for tax evasion
2) The system does not have a monitoring center, so it will not work out in order to appeal or reverse the transaction in the reverse order.
3) Virtual money does not have security
4) Propaganda of Bitcoin carries a threat to the financial system
Here in my country Bitcoin is not legal because this forum it's not known. Some countries don't believe and there is no reason to legalize this site. But I think they can't legalize the bitcoin because it is a digital money.
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 ?
Bitcoin are still not legalized in some country because of the some matter. For example, people are too ignorant to see its potential in the future. They are afraid because of the fact that bitcoin is powerful and anonymous. Another factor is tradition and trade marks. It will be hard for some people to move forward and accept this change because they are more used to use the other currency. Another is government, the government know the potential of the bitcoins and it will affects the economy of the country. If bitcoin is discovered or known around the world it will be a problem to the government because some people might just mine or invest in bitcoin rather to work. But why they ban bitcoin and some country still not make bitcoin legal in that country ?
In reality Bitcoin itself does not need to be legalized. It is just a ledger - public and unbreachable because it is on the blockchain.
Now, what may be legal or not is its use as currency, or the trading of it (the exchanges).
Now, what may be legal or not is its use as currency, or the trading of it (the exchanges).
Actually I don't know what thinking those countries. Now bitcoin is so popular and they can legalized bitcoin. Japan legalized bitcoin and it is great news for bitcoin users. On day it will be happening that every country legalized bitcoin in their country.
Illegal transactions are not answer for this question,because police can Investigate it more easily by Goverment special sources.
How can they ban something that not even ''exist''? they can not do something by this,because,Anyway,people can send/receive and buy/sell bitcoins.The bans seem to have not had effect on the global bitcoin network. i think that,finally,bitcoin is untachable from this regulations.Banks around the world and throughout history have been stealing from their citizens and bitcoin is decentralized and owned by everyone.
How can they ban something that not even ''exist''? they can not do something by this,because,Anyway,people can send/receive and buy/sell bitcoins.The bans seem to have not had effect on the global bitcoin network. i think that,finally,bitcoin is untachable from this regulations.Banks around the world and throughout history have been stealing from their citizens and bitcoin is decentralized and owned by everyone.
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 ?
But why they ban bitcoin and some country still not make bitcoin legal in that country ?
I think the one reason why the bitcoin was not legalise and banned in some country is because of using in illegal transaction. Bitcoin is popular now and very beneficial on some user because it is source of income but it can also used in illegal doing. By hiding their identity of the user is hard to detect by the law who used this in illegal doing. Additionally those countries who not legalise the bitcoin has a demand currency which will affect the economy of the countries by competing their currency.
It seems to be very difficult to be able to legalize bitcoin in a country, since bitcoin is always associated with negatives, since the character of bitcoin is very anonymous, so the government of a country should make a deeper review to accept and legalize bitcoin, even though bitcoin is very beneficial for us, but the views of the government are very different from ours.
I think prohibited the use of Bitcoin in the country mainly because of the coins’ potential to destroy the national currency.
afraid to disrupt the country's economy
I think they are waiting for it because of they want to see the result in other countries because may be they think bitcoin can make a problem of them and secondly some countries want to use their people to work for them in order to collect tax but I’m sure that these countries will also make bitcoin legalized as soon as possible. afraid to disrupt the country's economy
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 ?
Legalized in some country is a good news . but based on my research some country did not legalized the bitcoin because they theory that the bitcoin is only a fraud and i think some many goverment hate this becuase bitcoin cannot control by any goverments. But why they ban bitcoin and some country still not make bitcoin legal in that country ?
I think the government officials are not fully aware or they simply have no knowledge about bitcoin. They are much more busy solving other internal problems rather than monitoring on what is this bitcoin all about. But, the moment they found out that there is something bad going on about cryptocurrency, I'm sure they will find a way on how to regulate bitcoin.
Ita not easy to legalized bitcoin fast without proper review because it can affects the names and other who published that agreement. Bitcoin is not simple like other currency it is a big responsibility to all government officials.
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