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ocid
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June 12, 2017, 01:36:44 PM |
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With the easy way to transact so many people who make bitcoin as a means of illegal transactions such as transacting illegal drugs or buying weapons with ease so that the transaction using bitcoin is very safe to do such a thing, So many countries have not dared to inaugurate with the existence of bitcoin but the state can not prohibit it with the transaction using bitcoin because reversed from the negative side of the many positive things gained from the usefulness of bitcoin transactions as well as many entrepreneurs who try to make a business that invites many people To invest in it and it makes a technological advancement at this time so that with the bitcoin all kinds of transactions can be done but it would be better if used for a positive thing then the state also will not prohibit in the presence of bitcoin.
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reikotaka
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June 12, 2017, 01:38:14 PM |
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Maybe it depends on laws embodied on their country. But that does not mean that people there do not know about bitcoin.
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TomUyamot
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June 12, 2017, 01:54:23 PM |
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Their countries , their laws. It really depends on your definition for not supported too . If we speak about banning then as far as I know I don't think there is a country that actually banned bitcoin , at least nothing official and If there is then Its related to the banking system with one way or another . If its about the lack of usability in ATMs , local shops then there are plenty of countries and It takes time as some countries have more priorities .
Actually, in 2014, the central bank of Indonesia considered bitcoin as an illegal medium of payment. While it was not really banned, meaning, those who would want to use it are free to do so without the fear of getting punished, the use is still considered restricted. |
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Chachacoin17
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June 12, 2017, 02:00:21 PM |
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Other countries does not support bitcoins, because they consider digital currency as freedom of generating part time money that cannot be imposed through taxation. Their regulations on currency is very tight and even there is freedom of finances in bitcoin, it's still been unacceptable to their country economy.
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kelseydustin
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June 12, 2017, 02:04:46 PM |
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In my opinion maybe the country does not know bitcoin deeply what bitcoin excess, maybe the country does not want to go ahead or its economy is growing.
I do agree with you, but there are some issues with bitcoin, not only about the knowledge. No government will use crypto as a main or an optional currency. Moreover, there are many countries do not have enough technology to start using bitcoin and crypto |
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yellow1
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June 12, 2017, 02:41:59 PM |
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I think because they protect their currency so that other country don't support bitcoin. There are many reasons why did not support because maybe it may cause people to financial harm. And they need to protect their currency. They afraid of many risk that's why they not support bitcoin. They not supported because more people wants to use bitcoin and the government afraid, because bitcoin have many benefits among all currencies. If they supported they afraid if the people use bitcoin, this is why they not supported bitcoin. One reason also are not own any business and they are not ready to support bitcoin.
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iyan33
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June 12, 2017, 03:38:29 PM |
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Each country certainly has a different policy on bitcoin, some countries accept bitcoin and adopt bitcoin as a digital currency that has legality for the country, but not many governments from different countries are banning use of bitcoin in their country.
And of course have different views Regulatory policy in each country, but generally they refuse bitcoin because of their unstable economic level of the country and for fear of bitcoin freedom will be used as a tool for money laundering transactions.
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MissGrey
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June 12, 2017, 11:36:35 PM |
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In the case of my country, the foreign currency are regulated and getting it is very hard so I guess that Bitcoin can be a way "foreign currency ". But still, this theme is in the gray zone, I just have heard about farms that it have been dismantled and owners jailed. Foreign currency have price that government put and I guess Bitcoin price isn't controlled by any entity of the government so it isn't convenient for his purposes.
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Superzpay
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June 12, 2017, 11:41:40 PM |
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In my opinion maybe the country does not know bitcoin deeply what bitcoin excess, maybe the country does not want to go ahead or its economy is growing.
It is right that some countries od not know about bitcoin and because of that they are having some doubts on bitcoin and they are not trying to support bitcoin in their countries. Some often say that there is a worry that bitcoin will be used by criminals and so they are not accepting. |
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riskthebiscuit
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June 13, 2017, 01:59:44 AM |
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I would imagine governments dont like it for two main reasons 1) it is highly volatile and they do not want their citizens to get "scammed" but mainly 2) they cant track it and or tax it and we all know how governments love their tax  |
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BCTBF
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June 13, 2017, 02:13:35 AM |
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Yes bitcoin is not supported in some countries and in my opinion because bitcoin is still legal and bitcoin is also often involved in negative activities like hackers and terrorist activities.
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secdark
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June 13, 2017, 02:33:01 AM |
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Yes bitcoin is not supported in some countries and in my opinion because bitcoin is still legal and bitcoin is also often involved in negative activities like hackers and terrorist activities.
That is the reason why bitcoin is not yet legal in other countries because it is used to illegal actvities though we could say that not all but when a person hear bitcoin he/she always think that it is illegal because it is used in deepweb. Though other country legalize it and i hope other will legalize it too |
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flipstyle
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June 13, 2017, 02:34:43 AM |
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Bitcoin is not supported in some countries only because the government of that particular country doesn't want that bitcoin should get on the main stream as it will end up all their corrupted activities.
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nethead
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June 13, 2017, 04:35:00 AM |
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They are afraid that people on a certain country will fully switch to bitcoin and with that thing happen problem will arise regarding on implementing tax and thats the time the government will have a very big problem because most people do already have the control on their money unlike on banks which is regulated by the government.
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kamotharnn
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June 13, 2017, 04:56:57 AM |
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Governments need people to use their own currency so that they can easily control the people and the national economy. If citizens all use bitcoin, the government can not collect fee and can not control the people. That is why they abandon bitcoin
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19Nov16
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June 13, 2017, 07:14:46 AM |
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Because the Government banned bitcoin, they worry if the use of the bitcoin makes legal currency will dissapear so they will ban bitcoin, besides that of course no publication about bitcoin.
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deisik
Legendary
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English ⬄ Russian Translation Services
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June 13, 2017, 08:59:48 AM |
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Governments need people to use their own currency so that they can easily control the people and the national economy. If citizens all use bitcoin, the government can not collect fee and can not control the people. That is why they abandon bitcoin
I don't think that this is a real cause why governments deliberately chose to mostly ignore Bitcoin so far Bitcoin is still pretty marginal for the governments to be really afraid of it (though it might make sense to first "prevent the disease than cure it" after), so it is not so much about collecting fees (taxes) and still less about controlling people. As to me, it has more to do with governments unwilling their population to pour their money into so speculative an asset as Bitcoin for the sake of preventing people from substantial financial losses which such "investments" can bring about. And that's likely the reason why they don't go for the direct ban of Bitcoin either since that would only draw more attention to it (as the saying goes, any publicity is good publicity) |
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OVOBTC
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June 13, 2017, 12:26:01 PM |
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it's not fair at all, owning and using BTC is not a crime but these countries don't care mostly because they already have records of not respecting right in the financial aspect. These countries mostly fear their currencies that are manipulated in value, would fall if traded indirectly to USD through BTC, hence banning BTC to avoid free market of their currency.
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Bionicgalaxy
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June 13, 2017, 01:45:09 PM |
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Based on what i red about bitcoin, why bitcoin is not supported by other countries ? Simply because we have different policies that some government really do not accept bitcoin and don't have any internet connection in some other countries just like in north korea, they don't have any internet connection there because of there behavior.
Yes your right country like north korea definitely don't know about bitcoin because they don't have any internet connection. And it is based by there governments if bitcoin is illegal or not. But i know that bitcoin is really famous by many countries but the problem is they couldn't approved bitcoin to make it a legal currency because they are afraid that some people will use it for illegal activities. |
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TheFuzzStone
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thefuzzstone.github.io
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June 13, 2017, 01:51:38 PM |
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some people will use it for illegal activities.
Yep, because only a government can do some illegal things  |
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