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Author Topic: Why some little country don't accept bitcoin?  (Read 5014 times)
waqarkahloon
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October 13, 2017, 06:50:51 AM
 #221

because of less educated people at higher post and they dont know about digital or cryptocurrency at all. they think it a new thing which is scam or they dont understand what is that. So they dont like to be a part of something which shows their lack of competency. so these hihger post people in small countries dont want to accept bitcoin in thier countries. But countries with educated people are accepting bitcoin either country is big or small.

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October 21, 2017, 02:15:45 PM
 #222

It's not like that "they don't accept bitcoin", their government is just protecting their own national currency and some are only concerned about money laundering activities.

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October 21, 2017, 02:31:17 PM
 #223

Small country has a very low rate of currency and if bitcoin will interfere in their country and some people will use bitcoin then their current money will be affected and the value of their money might decrease because of bitcoins that is being used by their people.

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October 21, 2017, 02:36:17 PM
 #224

It's not like that "they don't accept bitcoin", their government is just protecting their own national currency and some are only concerned about money laundering activities.
If they are depending there national currency they need to do such things which can make there currency even more better. Now a days bitcoin playing very important role in everybody lives because bitcoin is reducing poverty of people while other national currency do not therefore people are with bitcoin. The thing is that no one can ban bitcoin still in these countries there are trading in bitcoin.

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October 21, 2017, 03:06:21 PM
 #225


Because it is a country where its rulers want to take control of everything economic, they control their currencies and they want to take charge of the technology of criptomonedas because they believe that there can be leakage of foreign exchange.

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October 21, 2017, 03:11:42 PM
 #226

Because they do not want bitcoin to affect their market. I think so...

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October 21, 2017, 03:52:53 PM
 #227

bitcoin is a new cryptocurrency with many benefits: no taxes, fast, can not be control by government, and if the government can not control bitcoin, they will forbid it.

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October 21, 2017, 04:04:17 PM
 #228

just confusion why some little country reject bitcoin?

I think what you are saying is quite opposite. I have seen some small countries accepting bitcoin while large countries rejecting the idea. But even if small countries reject it its because they want their own economy to be strong. If people shift to bitcoin who is going to ask for their fiat?

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October 21, 2017, 05:08:31 PM
 #229

just confusion why some little country reject bitcoin?


Bitcoin is used by some bad people in black markets and money laundry. It's also a money out of control of govs.

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October 21, 2017, 05:34:38 PM
 #230

just confusion why some little country reject bitcoin?


There are a lot of underdeveloped countries which doesn't have enough technology to use bitcoin technology. I think bitcoin using requires a good technological infrastructure. Beside of that, being openminded is a big affect on percentage of using bitcoin.

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Raju Ahammed
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October 21, 2017, 06:38:24 PM
 #231

Little cuntry don't want bitcoin as there currency. because it's price is too bigg.it is a online currency. so don't want it as there local currency.

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October 21, 2017, 08:51:43 PM
 #232

Maybe they think money laundering can be their country's money.Everybody knows how horrible the money laundering is.Moreover, they think that Bitcoin can stand in their country's economy.For this reason some little country don't accept bitcoin.

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October 21, 2017, 09:03:41 PM
 #233

just confusion why some little country reject bitcoin?


My opinion. There are many intrigues. Not only the government, but the companies must also step for Bitcoin.
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October 22, 2017, 01:51:16 AM
 #234

Maybe they think money laundering can be their country's money.Everybody knows how horrible the money laundering is.Moreover, they think that Bitcoin can stand in their country's economy.For this reason some little country don't accept bitcoin.

It's likely beyond money laundering. If you think about it, there are aspects of bitcoin that can pose  risk to both a country's security and economy. That's beside the fact that it's hard to control cryptocurrencies. Though in the future, regulations for crypto may be implemented to avoid such concerns. We already have countries that see they can adapt these risks and benefit more from bitcoin

lvincent
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October 22, 2017, 02:15:55 AM
 #235

Maybe the government of the country is scare they know and they are aware in the potential of bitcoin and in what it can do but because bitcoin is decentralized they can't control it that's why they're just preventing it since they cannot have any benefits from it. Thats what i think why government in some country banned bitcoin and Many little countries are not just developed that's why they really cannot afford bitcoin.

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October 22, 2017, 03:12:03 AM
 #236

just confusion why some little country reject bitcoin?

Some small countries do not accept bitcoin because their investment in bitcoin is limited. They do not accept payment by bitcoin instead of cash. And there is no system of bitcoin exchange. In large populated countries, the number of people investing in bitcoin is increasing and gradually they are seeing a good bitcoin.

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October 22, 2017, 03:23:50 AM
 #237

as you know bitcoin is not so popular, so people assume bitcoin is a technology to commit fraud. and many other reasons such as bitcoin can not be controlled by the government, and that's what makes bitcoin development to society unpopular.

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October 22, 2017, 03:34:21 AM
 #238

This is an uneducated question. Size of a country don't matter with bitcoin dude. Smaller countries like Macau, Qatar and UAE are open with bitcoin and even have some atms. Bitcoin whether legalized or not depends on countries leaders and their designated agencies. 



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October 22, 2017, 08:43:01 AM
 #239

Economy, it must be economic, you know.Corruption is more prevalent in less developed countries.If you were a dictator, would you allow a currency not controlled by you to enter your market?

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October 22, 2017, 08:45:49 AM
 #240

BTC
Economy, it must be economic, you know.Corruption is more prevalent in less developed countries.If you were a dictator, would you allow a currency not controlled by you to enter your market?
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