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Author Topic: Why some little country don't accept bitcoin?  (Read 5014 times)
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September 02, 2017, 02:33:07 PM
 #121

just confusion why some little country reject bitcoin?


I think because some countries are still confused in bitcoin because I think they didn't full understand the terms and how bitcoin works. And also because bitcoin isn't a thing to their country because they believe that bitcoin can't help them in their problem especially financial which is wrong. But as day passed by I think in the future bitcoin will be accepted in all countries.

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September 02, 2017, 02:35:25 PM
 #122

just confusion why some little country reject bitcoin?

The main reason why small countries are not interested to the bitcoin because it seems that they have lack of knowledge about bitcoins. For sure that they are not also aware to the advantages of having bitcoins.

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September 02, 2017, 02:49:43 PM
 #123

just confusion why some little country reject bitcoin?

The main reason why small countries are not interested to the bitcoin because it seems that they have lack of knowledge about bitcoins. For sure that they are not also aware to the advantages of having bitcoins.

 Lack of awareness and knowledge are the mainstream why other countries don't accept bitcoin.
They also see this as a threat in their own currency. Too bad for them as they dont really understand what the new currency can benefited to all.

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September 02, 2017, 03:04:12 PM
 #124

just confusion why some little country reject bitcoin?

The main reason why small countries are not interested to the bitcoin because it seems that they have lack of knowledge about bitcoins. For sure that they are not also aware to the advantages of having bitcoins.

 Lack of awareness and knowledge are the mainstream why other countries don't accept bitcoin.
They also see this as a threat in their own currency. Too bad for them as they dont really understand what the new currency can benefited to all.
- I do not think the governments of those countries lack awareness and knowledge about bitcoin, bitcoin is very popular and if the government of a country has no knowledge of the benefits that bitcoin brings, that's a ridiculous thing. I believe not accepting bitcoin because they fear bitcoin will lead to many economic problems, especially money laundering, Bitcoin is very difficult to control and the offense always happens around it

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September 02, 2017, 03:14:19 PM
 #125

Probably because bitcoin is a potential cryptocurrency and other little countries do not cater this kind of product because of the risk to their currencies. It is hard to put into ease to this kind of product because this is about currencies and money. It is hard to trust something like this because money is hardly earned and it may also damage or have an effect to the economy.

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September 02, 2017, 03:19:09 PM
 #126

I think currently there are still many countries that can not receive bitcoin officially. even large countries would not be willing to accept bitcoin officially. but I'm sure everyone in the world can use bitcoin, anyone who can access the internet then he can also use bitcoin. so it's not a big country or a small country, it all depends on the government policy in that country.

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September 02, 2017, 03:34:16 PM
 #127

means even if a country does not formalize the bitcoin be it a large and small country everyone can access bitcoin while in their area there is internet support.

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September 02, 2017, 03:43:08 PM
 #128

I dont think it is necesarily for small countries , i live in Romania, we have a population of 20 million and we are in europe and bitcoin is still not accepted here. I saw a lot of small countries being more open to bitcoin like vietnam, south korea and such. If you refer at small countries like the ones in africa or asia i guess it is understandable because the general population does not have acces to electricty and internet.

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September 02, 2017, 04:09:13 PM
 #129

In our country,BTC is not yet well known nor accepted as payment for merchants. They through they are unable to control the flow of used fund. Governments wanna gain fan from bitcoin too lol.bitcoin is still expermentental and it is not in control of these government.
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September 02, 2017, 04:20:24 PM
 #130

It might be because their government doesn't have the means to regulate it or they see bitcoin a threat to their economy. I'm curious though what countries do you speak of OP  Smiley

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September 02, 2017, 04:47:06 PM
 #131

It might be because their government doesn't have the means to regulate it or they see bitcoin a threat to their economy. I'm curious though what countries do speak of OP  Smiley
Yeah, this is main reason most rich countries still do not have the way for solve this problem, they understand accept Bitcoin will helps capital currency flows into their country more. But cannot management it are synonymous do that is futile.


     
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September 02, 2017, 04:51:13 PM
 #132

The government departments of various countries gives bitcoin status of money and commodity based on their regulatory bodies. Most of the countries accept bitcoin as legal tender. In some countries like Bangladesh and Bolivia the central banking system has banned cryptocurrency  and crypto trading as their government does not have the authority to control the cryptocurrency system.
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September 02, 2017, 04:55:34 PM
 #133

I think this could have many reasons. These are small countries, maybe because they have not developed their economy, education level and scientific technology is not high so they do not know Bitcoin, do not know the digital currency. Or maybe they know about Bitcoin but it's just plain, not deep understanding, not yet aware of it properly. Or other reason, the state does not want people to know Bitcoin so they do not spread it, they fear that their economy will be in trouble and they will not be able to control it. These are just my personal opinion

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September 02, 2017, 04:57:34 PM
 #134

just confusion why some little country reject bitcoin?

They might be thinking that it's a scam or a way of wasting time and get nothing out of the time wasted or maybe their home currency value is too low to compare with bitcoin or it is looked as illegal .

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September 02, 2017, 05:57:05 PM
 #135

just confusion why some little country reject bitcoin?


not just a few small countries that can not receive bitcoin, but large countries are still many who can not accept bitcoin. the country is still not able to accept bitcoin because it is not legally bitcoin become legitimate payment by the government, so people still do not understand and afraid to accept it

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September 02, 2017, 06:14:41 PM
 #136

Actually many country have big economic issue regarding income and export so that  relative scarcity of the dollar is considered a balance of payments deficit for that reason not allowed
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September 02, 2017, 06:45:35 PM
 #137

i dont think they dont accept about bitcoin, but they cant accept bitcoin. they fully aware about their financial condition.
and implementing bitcoin on their financial can make their financial go down, so they dont want to accept bitcoin atm.
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September 02, 2017, 07:04:16 PM
 #138

many criminals are using the features of bitcoin either money laundering or funding for terrorists. maybe that's why a small country rejects bitcoin because of its potential, and bitcoin is particularly vulnerable to crime.

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September 02, 2017, 07:07:01 PM
 #139

i dont think they dont accept about bitcoin, but they cant accept bitcoin. they fully aware about their financial condition.
and implementing bitcoin on their financial can make their financial go down, so they dont want to accept bitcoin atm.
But what is reason make Japan accept Bitcoin in this year? What is reason behind this decision? They have a strategy accept Bitcoin will help their financial growth in future or just want become to leader in field cryptocurrency on the world. This is my question when they do that!

angaper
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September 02, 2017, 07:13:04 PM
 #140

In fact it seems to me of little transcendence that nations do not accept bitcoin, because it was not designed to support national entities, but to individuals. Governments will do everything possible to defend their despicable fiat money, which is why we expect a virulent opposition to the progress of bitcoin between people. But however much they oppose, evolution is on the march and there seems to be no reversal.

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