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nano77
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February 14, 2018, 11:47:11 AM |
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I think the government considers bitcoin dangerous and can make users lose a lot of money because of the price of fluctuating bitcoin
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Estreal
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February 14, 2018, 11:50:39 AM |
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Bitcoin is not supported in several countries because the governments, firstly forms a currency. They like to control the currency. They control it through the central bank and this is impossible with Bitcoin.
The government through the media puts the panic across to investors, for instance, the Russian central bank previously “said such currencies were used in illegal operations, such as money laundering, and promised to crack down on the instrument.” referring to Bitcoin.
Some other media also reports "Bitcoin is not a legal tender of any country. Any transaction through bitcoin or any other cryptocurrency is a punishable offense,"
Another is "claiming that virtual currencies are often linked to money laundering and other illegal activities"
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lance04
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February 15, 2018, 02:17:20 PM |
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The reason behind why many countries that are not accepting and supporting the company of bitcoins in their place is because of they know that they are not yet capable to accept that offer.
Their capabilities are not suitable in the acceptance of bitcoin because they are not yet technologically advance.
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sanjay6121
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February 15, 2018, 02:46:58 PM |
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bitcoin is not supported in some countries because they do not decided who to take action on bitcoin and some countries are think trading in bitcoin is risky it may be used in illegal activities some countries not decided to ban bitcoin and do not support bitcoin.
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Barcode_
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February 15, 2018, 02:57:44 PM |
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I think one of the main reason is because some governments actually deem bitcoin as a financial threat to their countries economy, the authorities in charge of collecting taxes from the citizens are finding it hard to tax citizens that are investing into bitcoin and thus they made the decision not to support bitcoin.
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February 15, 2018, 03:17:17 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
One of the major reason why some countries are not supported Bitcoin because the government will definitely cant record the flow of entering and exiting money in here. And the value of physical money will be decrease because the transaction are some in digital. The entering and exiting of money in bank will be affected. |
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conected
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February 15, 2018, 03:21:16 PM |
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The reason behind why many countries that are not accepting and supporting the company of bitcoins in their place is because of they know that they are not yet capable to accept that offer.
Their capabilities are not suitable in the acceptance of bitcoin because they are not yet technologically advance.
- Exactly, they do not have the ability to manage and control, solving problems that will occur when they support bitcoin, so there is no reason for them to accept bitcoin, the government will never wants to put the country in a difficult and chaotic situation. And although they did not support but many people in their countries are still using Bitcoin, especially used for activities underground, illegal, that causes a lot of bad influence, so if they support it, I believe more terrible things will happen, they do not support is a very reasonable decision |
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sergeykravcov177
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February 15, 2018, 03:28:11 PM |
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I Japan, France in Canada, bitcoine is flourishing, it blooms and smells, wilting will not give it to the number of people who are going to advance in a place with a crypto currency
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millionaireshs
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February 15, 2018, 03:30:26 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
Logically speaking, some government accept Bitcoin because they are more open to the possibilities that cryptocurrency can bring. On the other hand, some governments rejected it for some reason. Maybe they find bitcoin or cryptocurrency as threat to their locale currency or to their countrymen given the fact that it is risky in some ways. Whatever happens, if we try to learn and explore these possibilities, we can use it in an effective and efficient manner. |
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bembi
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February 15, 2018, 04:11:36 PM |
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A country will be in danger if they accept bitcoin. Its volatility will really crush down a country. Thats why they just cant accept a digital currency without a stable prize. Some stores might accept the currency but not the whole country.
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Joylee
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February 15, 2018, 04:19:17 PM |
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There are so many instances why a certain country is against on bitcoin, maybe it has to deal with their policies, or maybe a negative review from another country that made bitcoin also sounds not good to other country.
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BlasterS
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February 15, 2018, 06:42:50 PM |
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For me the reason why some countries did not support bitcoin because their government can not even get a tax on it.
Bitcoin is volatile. So it will be hard in the Supreme Court to implement a law in collecting taxes for those who are using bitcoin in their transactions.
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LegendOF45
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February 15, 2018, 06:48:28 PM |
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For me the reason why some countries did not support bitcoin because their government can not even get a tax on it.
Bitcoin is volatile. So it will be hard in the Supreme Court to implement a law in collecting taxes for those who are using bitcoin in their transactions.
Besides tax there is certainly a big risk if the state legalize bitcoin is a means of money laundering so it will be a haven for corruptors to save money from criminal proceeds such as drugs, corruption and so forth. |
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Sean25pogi
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February 15, 2018, 06:57:54 PM |
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Unfortunately the big problem that the bitcoin faces at this moment is the increasing numbers of countries not supported them.
They not banned bitcoin because it is illegal the problem is they are not well develop to accept and go with the flow of the innovation that is happening to us right now.
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ShotGun_1993
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February 15, 2018, 07:14:22 PM |
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Because Goverment of any country ban BTC
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MaskOffFuture
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February 15, 2018, 07:16:39 PM |
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For me the reason why some countries did not support bitcoin because their government can not even get a tax on it.
Bitcoin is volatile. So it will be hard in the Supreme Court to implement a law in collecting taxes for those who are using bitcoin in their transactions.
Besides tax there is certainly a big risk if the state legalize bitcoin is a means of money laundering so it will be a haven for corruptors to save money from criminal proceeds such as drugs, corruption and so forth. Their governments don't want bitcoin to dominate their economies. This is the reason behind the unwillingless of some countries. They don't like new things in their national economy. |
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online73
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Ecowatt.io
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February 16, 2018, 07:56:46 PM |
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Why bitcoin is not supported in some countries? Personally, I think, because Bitcoin is a direct threat to the established banking system. After all, bitcoin does not obey anyone or anything, it can not be regulated, therefore this is one of the reasons for its cost. As soon as they learn how to regulate civilized relations between bitcoins and banking systems, a huge digital coin boom will begin immediately.
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cryptorampage
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February 16, 2018, 08:01:28 PM |
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Bitcoin is not supported in some countries for Banks. The main competitor of bitcoin is bank. it was due to good and effective features of this crypto currency. Many people are attracted to invest in this coin instead of investing to other crypto currencies. Moreover transactions using bitcoin is much easier compared to banks. And i think this is one of the cause for the banning of Bitcoin. Please check the article here >> https://bitcointalk.org/index.php?topic=2864921.msg29412936#msg29412936 |
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Jose Mourinho
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February 16, 2018, 08:27:56 PM |
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The fear of bitcoin is anonymous and decentralized, if the state legalizes bitcoin then it can be a place for criminals to make money laundering from corruption and decentralization to make the state powerless to control bitcoin prices.
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TrusteD_KZ
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February 16, 2018, 08:41:48 PM |
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In my opinion:
1) Anonymity. Actually btc is using by drugs, weapon dealers; terrorists etc.
2) People will invest a lot of money to cryptocurrency, instead their currency. Why you should invest to $, euro or gold, if u can invest money to ethereum or btc and make it x2 or x3 for 1 year. After that economy of country will depend by cryptocurrency, ofc goverment doesn't like it.
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