BIG Tyrese
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October 27, 2017, 09:11:32 PM |
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A lack of practically in a lot of places there's isn't any internet so Bitcoin isn't going to operate there until then.
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Nelson2
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October 27, 2017, 09:14:36 PM |
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Actually, some countries they are thinking that bitcoin is a threat to their economy, that's they became negative into it. But if they're going to be open minded about it, surely it will help their economy instead.
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Viscera
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October 27, 2017, 09:49:49 PM |
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Every country has a strict rule of law, their are several factor why government banning bitcoin in their homeland.
Money Laundering is one of their concern because they can't control the money if bitcoin will use in the future.
aside from that government won't get any money from their citizen or getting some taxes that why they are
very strict in bitcoin.
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Glenn10
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October 27, 2017, 10:06:19 PM |
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Because some countries scared many people use Bitcoin to launder money, banks not control Bitcoin, and important is Bitcoin not formally linked to the laws and regulations of any central government, so government not supported Bitcoin.
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Alphagog
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October 27, 2017, 11:46:31 PM |
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These nations around the world will not acknowledge the Bitcoin simply because of the rules they have in that region.But I feel that these international locations will at some point support the Bitcoin since many other international locations settle for it. And maybe they have to see how great the Bitcoin is to change their brain
Most countries of the world took a great interest to invest the Bitcoin. I am totally agree with your conversation that Bitcoin at many international locations support in a good manner. Yeah some countries which are not supported Bitcoin; it thinks they have lack of knowledge about Bitcoin. Soon they will acknowledge that their decision is wrong and they too support Bitcoin. |
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subSTRATA
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:^)
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October 27, 2017, 11:54:28 PM |
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I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
Their are many countries that didn't support bitcoin or has stop supporting bitcoin. With regards to reasons, their are plenty of reasons why they are doing it. Most common reason is that bitcoin is being use by some people to scam others which really hurt the good reputation of bitcoin. - I do not think that's the most common reason, the most common reason I think is we should know that bitcoin is anonymous, it is very suitable for illegal activities, that leads to the government of some countries not wanting to support bitcoin - However, I believe that someday, when Bitcoin became popular and developed, they will accept support Bitcoin because although bitcoin may be a tool for carrying out illegal activities but investing in it will bring a huge profit, this will improve the lives of many people, and from there, the economy of the country will develop, if they do not accept support it, their economic development will slow more than other countries, they will not want this to happen you dont seem to realize, or are just ignoring the fact, that anything of value in this world can be used for illegal purposes. got a stack of bills? great. you can now buy a gun illegally from that one guy you know. or a pound of weed, doesn't matter, it's still illegal. and bitcoin didn't have anything to do with the trade. however, your point does still stand; bitcoin is extremely suited for illegal trades simply because of the fact that it is pseudoanonymous, and can be sent to anyone with an address (although in most cases trust is a pretty big factor). rather than its compatibility with illegal markets, i think it's more the fact that it is decentralized and uncontrollable that pushes governments away from bitcoin; governments exist to mediate and control, and bitcoin goes against both of those. |
theres nothing here. message me if you want to put something here.
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Gudhal Untu
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October 28, 2017, 12:01:39 AM |
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Of course because of internet access, we all know that not all countries have good internet access, even in africa countries internet usage is still very low ie under 5%.
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Loopper
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October 28, 2017, 12:10:29 AM |
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Every country has a strict rule of law, their are several factor why government banning bitcoin in their homeland.
Money Laundering is one of their concern because they can't control the money if bitcoin will use in the future.
aside from that government won't get any money from their citizen or getting some taxes that why they are
very strict in bitcoin.
I agree, every country has different rules that must be obeyed and every country that doesn't support bitcoin have an opinion why they ban bitcoin and not to mention poor internet access.  |
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honeyb0y
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October 28, 2017, 12:22:00 AM |
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It is not that they support it, they just don't recognize it because they haven't seen it's potential yet.
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Netto
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October 28, 2017, 12:43:42 AM |
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Every country has a strict rule of law, their are several factor why government banning bitcoin in their homeland.
Money Laundering is one of their concern because they can't control the money if bitcoin will use in the future.
aside from that government won't get any money from their citizen or getting some taxes that why they are
very strict in bitcoin.
I agree, every country has different rules that must be obeyed and every country that doesn't support bitcoin have an opinion why they ban bitcoin and not to mention poor internet access. It is true that each country has its own rules, as in my country bitcoin still not free for payment, but to have bitcoin is not maslah because it is like personal assets |
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youok
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October 28, 2017, 12:47:07 AM |
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I think every country has a law that is not the same as other countries. there is a country that supports this bitcoin, there is also a country that unsupport this bitcoin. there are countries that provide a statement that bitcoin can be used for online transactions. there are also countries that banning the bitcoin or giving a statement that bitcoin is not the real money. so every country has different laws and rules. |
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THAHIRHAJI
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October 28, 2017, 12:54:57 AM |
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Each and every country is having their own policy for their financial system which vary from country to country according to their economic growth so it is not that much easy to accept anything new which could affect their financial systems. All countries don't want to loose their currency value if they accept bitcoin officially their currencies will crash down their value that's the reason bitcoin is not supported in some countries.
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Hotel_Prodeo
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October 28, 2017, 02:00:31 AM |
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Most countries that do not receive bitcoin because of concerns that bitcoin usage will be difficult to predict, we all know that bitcoin is decentralized, if used officially it will make speculators confuse the price of goods or services.
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Cosbycoin
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October 28, 2017, 07:55:59 AM |
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Bitcoin is still on the process of winning every country and everyone. That is the hardest part of marketing and for some very serious reasons and one of those is when a country is building its guidelines, regulatory or laws regarding with crypto currency research and development. China in the past few months are imposing crackdown the exchange institutions because there Operations are out of the economy.
Big Countries like China and Russia are now developing their own digital asset because Bitcoin or crypto currency is the future of the economy.
Developing a new crypto for a region is like the cash money because no other country will use it and in presence of bitcoin there is zero percent of chance to progress of new evolved crypto and the main reason behind the china ban is they want to control process but failed and regions are not accepting it because they think that maybe bitcoin will affect their national currency but bitcoin is name of progress. |
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jakoylantern
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October 28, 2017, 08:22:45 AM |
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For me, bitcoin is not supported in some countries. Because some countries are avoiding the consequence that they can’t trace the user of bitcoin. Bitcoin users is so hard to trace and even knowing their identities. Some bitcoin user, use it for their illegal work and different countries has different rules and constitution to protect their land.  |
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Aniik
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October 28, 2017, 08:30:24 AM |
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Before some days,I have heard that Bitcoin is not supported in some country. But why? Is it risky business? Can't it bring any profit? Of all question's answer is positive about bitcoin.Because, it is a profitable and smart business. It a digital currency in the world.Govt is all for a country. Probably, govt is not know about it or govt think the economic down for it. But it is a smart business for young and all ages people
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joromz1226
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October 28, 2017, 03:12:24 PM |
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The government is worried about using bitcoin to beat the legal currency. they think their security issue. it'a money laundering.
Actually they can not handle it properly.
But i think next few month or year latter bitcoin will explosion as world.
You maybe have a point on this thing mate, of course most of the government in each country they want to get a benefit first before approving something to their territory places. Since bitcoin was decentralized this maybe the reason why bitcoin is not welcome to their country. |
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mai_mirai
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October 28, 2017, 03:26:05 PM |
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Some countries have consistent with the economic movement of the country its depends on their government laws and policy. A country is controlled by a government and I think bitcoin is something cannot be controlled by government. So I don't think government will let their people to use the currency which not controllable by government.
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Christian13
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October 28, 2017, 03:30:29 PM |
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I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
Bitcoin and other cryptocurrencies have more freedom and sometimes use for illegal transactions. But the thing is, these governments are only paranoid of what can bitcoin do to their economy. It is large amount of money that is we are talking about here. They cannot regulate the value of bitcoin or affect it by any means of taxation or law so they just banned it. |
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Chrystora123
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Activity: 1414
Merit: 228
Omicron is another FUD
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October 28, 2017, 03:44:16 PM |
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I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
I thought it must be the Banks who fear that the future of the Bank will be destroyed by Bitcoin, but whatever they do Bitcoin will continue to grow and the demand will continue to grow.. |
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