why some country still not legalized bitcoin ? - page 9.

CryptoBry

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Quote from: wellsontheja on October 17, 2017, 07:45:41 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, it is just a matter of choice. One country can see cryptocurrency as an opportunity to utilize for their own economic or financial interest while another county may view it as a big threat to their economy and the financial control they are traditionally utilizing. In other words, we all have differences and since the state has the sovereign power we could not do anything if a country would choose to ban the selling/buying of Bitcoin within their jurisdiction. Technically, though, they could not touch Bitcoin.

lazygin001

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Because countries are worried about this new force that they will not be able control.
These governments are wayyyy too comfortable with the current system and they basically can to do whatever they want to it.

DevilSlayer

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Quote from: wellsontheja on October 17, 2017, 07:45:41 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 ?

Many governments in many countries are still not yet fully aware to what is bitcoin. I think it is the main reason why the bitcoin is not yet been legalize in many countries. Also many governments focuses on the disadvantages of bitcoins than it is advantages.

mk4

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Paldo.io 🤖

It will take time. We are currently still in the infancy stage of cryptocurrencies. I don't even think most 3rd world countries' governments know about cryptocurrencies yet. Due to all those negative news they probably think that bitcoin is only being used mainly for drugs and other illegal stuff and for money laundering.

iamzill

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Quote from: wellsontheja on October 17, 2017, 07:45:41 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 ?

maybe I think in my country the government still keeps the currency stability of my country that applies because many factors may be one of his less understood citizens about bitcoin currency or technology that is growing or my country may be afraid of inflation big scale

subSTRATA

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:^)

Quote from: cleofila on October 17, 2017, 11:55:33 AM

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.

please. the russian government has nothing to worry about when it comes to money laundering, pretty sure putin does it himself (read panama papers and putin's involvement in them, he had offshore shell corporations to do this through). if anything, its the exposure and use of a digitized, nearly untraceable currency (or asset, whichever you prefer, im using currency for the purposes of this explanation) that they cannot control. the lack of control for what is pretty much an authoritarian government is is a huge threat, it's pretty obvious why putin and his regime wouldnt like the idea of cryptocurrencies. as for laundering money, you can do that with any existing currency or asset. you can just fake purchases at a literal laundromat for 50 tailored suits a day and probably get away with it. if you're saying governments are afraid of bitcoin's potential or use for money laundering then youve either got a serious lack of knowledge and arent equipped to have this discussion, or youve just no idea what money laundering actually is or entails.

DaddyMonsi

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Maybe because legalizing Bitcoin is not their priority or its in their least priority for now. Legalizing Bitcoin in a country will need further studies so that it will not be used against them or by criminals or terrorist. Its not as easy as the leader of a country will just announce that Bitcoin is legal. Government needs to consult different sectors in the industry on what will be the impact if they legalize Bitcoin and if the industry will support Bitcoin as well.

sukamasoto

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Black Panther

Bitcoin still consider as criminal money so it can be use for corrupt money or money laundry.
And for who already legalize bitcoin do not aware of this problem?
Well I think they able to prevent or find the quick solution if this happen after they start to legalize bitcoin since their government must aware of bitcoin negative impact before start to legalize it !

cleofila

newbie

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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.

Bitcoinislifer09

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Quote from: wellsontheja on October 17, 2017, 07:45:41 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 ?

Some country still not legalized bitcoin like the South Korea because there are posibilities to attact there country and also they have fear to be destroyed or to be destracted by the terrorists through the transactions of bitcoin.

aimata27

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

wellsontheja

full member

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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 ?

Topic: why some country still not legalized bitcoin ? - page 9. (Read 2160 times)