maikelujang
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February 10, 2018, 04:06:33 PM |
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Bitcoin is a decentralised currency and it is not controlled by anyone.People use bitcoins for transactions even from one country to other and due to this, banks face a huge loss in revenue which they got from transaction fees.The governments also fear that huge money would be transacted through bitcoins for illegal purposes.PBOC recently took actions to stop flow of their country money to foreign which resulted in major fall of bitcoin price.Governments fear there will be no accountability of money if bitcoin is allowed.So, some countries dont support bitcoins.But still, they are not able to control bitcoins.
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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Hotel_Prodeo
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February 10, 2018, 04:44:45 PM |
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Bitcoin is a decentralised currency and it is not controlled by anyone.People use bitcoins for transactions even from one country to other and due to this, banks face a huge loss in revenue which they got from transaction fees.The governments also fear that huge money would be transacted through bitcoins for illegal purposes.PBOC recently took actions to stop flow of their country money to foreign which resulted in major fall of bitcoin price.Governments fear there will be no accountability of money if bitcoin is allowed.So, some countries dont support bitcoins.But still, they are not able to control bitcoins.
This issue is what the government is afraid of bitcoin banned is a solution that the government thinks is better than receiving bitcoin, but if bitcoin marketcap has reached more than $ 25 trillion or 100x from marketcap now I'm sure the government can not resist bitcoin. |
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SadEmo
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February 10, 2018, 05:47:50 PM |
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There is no law to control bitcoin nowadays thats why in some countries government don't know what to do and just baning bitcoin. It's obvious to save taxes  |
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bahula33
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February 10, 2018, 06:01:51 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
Although there are some countries that strictly prohibit foreign currency. ... Currently, Bitcoin miners may be supported exclusively by a number of small nominal transaction costs. |
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kuntet99
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February 10, 2018, 06:49:32 PM |
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yes maybe every country has a culture / characteristic of each who can not understand about bitcoin, perhaps one of which the government does not approve the existence of bitcoin in each country.
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tresbien21
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February 10, 2018, 07:09:20 PM |
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It will be dangerous if people will legalize it . It will drop $;€;£ down and we will have a huge economy crisis
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Geoll29
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February 12, 2018, 02:51:32 AM |
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The reason why some countries banned bitcoin is because there are bad people who uses bitcoin just for their own welfare. There are hackers who steal the investors money and of course they asked for the assistance of the authorities. Authorities are owned by their government so if the government meddles they will impose strict policies with bitcoin.
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HunterBTC
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February 12, 2018, 03:28:28 AM |
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Perhaps because in some countries Bitcoin becomes a commodity that can boost the economy in a country that has legalized Bitcoin as a means of payment, with the supervision of the state itself then Bitcoin is highly recommended in the country. That's in my opinion.
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Ricaking
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February 12, 2018, 11:43:27 PM |
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That is why most countries aren't going to adopt Bitcoin any time soon as a sort of complementary currency. People use bitcoins for transactions even from one country to other and due to this, banks face a huge loss in revenue which they got from transaction fees. The governments also fear that huge money would be transacted through bitcoins for illegal purposes.
they just don't want competition with their local currency. In most countries the circulation of any other currency, rather limited and usually frowned upon if it exceeds certain limits. That my opinion so why some countries not supported about bitcoin
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teodorus
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February 12, 2018, 11:49:50 PM |
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There are only just a few countries that are officially supporting BTC. Most other countries are just ignoring it, and there are a few countries that don't want it to be used at all.
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congresowoman
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February 13, 2018, 12:45:08 AM |
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There is no law to control bitcoin nowadays thats why in some countries government don't know what to do and just baning bitcoin. It's obvious to save taxes Yes. Misinformation and also the lack of information that is why countries frequently block the transaction involving bitcoin and cryptos. But for some countries adapting this current trend, they are also laying dow rules to regulate and also protect the interest and integrity of both investors and also consumers. Imagine, if they will adapt bitcoin, they can also implement taxes. This will be a win win situation dont you think? |
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Stigmooo
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February 13, 2018, 01:05:06 AM |
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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
you mean like china?? well that countries have more gold reserve.. as what you can see BTC is no gold back.. some of the countries take it as money laundering.. but in my country here in the south asia pacific.. BTC is godamn shit.. if you have some of it.. your rich.. ^_^ |
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Bedebah
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February 14, 2018, 07:30:27 AM |
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In some countries people are still not aware of bitcoin even exists. Future adoption of bitcoin would mean servers damage of current financial stability.
Many people think that bitcoins like paypal, liberty reserve and so on, this is what makes them unconcerned with bitcoin so they feel that the current system will never change. |
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cryptojohn9
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February 14, 2018, 07:52:54 AM |
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Each country have their own policy & own monitory system .Those countries fear that Bitcoin will make their economy to go down. Also several taxation problems have been their, as people prefer Bitcoin to escape taxes.I'm just lucky to be in a country where people and the government are open minded.
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Englebabylove
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February 14, 2018, 08:02:17 AM |
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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
In some countries, bitcoin is banned. They say it has no value and consumes a lot of energy and damages the environment. They believe that bitcoin is a scam, used by criminals to launder money and affect the stability of domestic financial markets. |
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crypt0heaven
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February 14, 2018, 08:13:50 AM |
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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
A lot of countries dont like to give away power. They also try to protect their citizens from scams. Thats what happening in china. They analysed 16 ICO projects there and all 16 underdelivered. So they are going via the regulation route before they allow it again. |
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Betheng10
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dApps Development Automation Platform
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February 14, 2018, 08:36:48 AM |
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Transactions made in bitcoin can't be traced where in some countries it is illegal. Most countries also don't recognize bitcoin because it's decentralized and it will be difficult or no one can be held liable if laws are broken.
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Becase
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February 14, 2018, 08:51:34 AM |
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which should be known is because the government knows what bitcoin is and what its main purpose is, most especially to fight fiat and use other currencies instead of using their own print money. Some are okay with it but most governments do not use it, and want to set it up as much as they can.
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Tsugihara
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February 14, 2018, 10:25:03 AM |
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Probably because the government can not control and think it is a threat to the government, because bitcoin uses the blockchain system. Bitcoin is also not taxable.
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DoublerHunter
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February 14, 2018, 11:16:16 AM |
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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
A lot of countries dont like to give away power. They also try to protect their citizens from scams. Thats what happening in china. They analysed 16 ICO projects there and all 16 underdelivered. So they are going via the regulation route before they allow it again. There are a lot of ways for the people to scam and they are using bitcoin and the name of cryptocurrencies to scam people and that is the reason for the government to doubt cryptocurrencies because they know that it is hard to trust bitcoin and other cryptocurrencies because of the decentralized system. |
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