v_Harley
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March 04, 2018, 11:49:51 AM |
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Which countries think encryption because currency would let investors money loss, currency and the encryption mechanism is not perfect, so which country does not want encryption currency will affect the investment market of the country,
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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ajiejot
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March 04, 2018, 12:00:59 PM |
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It is because in bitcoin there is no tax so they cannot earn money there, when their people uses bitcoin, they can't get tax. That's why so many countries banning bitcoin because of corrupt governments.
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TheGreatUnknown
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March 04, 2018, 12:02:48 PM |
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In my opinion why the Government ban bitcoin is because they can't touch bitcoin, as we all know bitcoin is a peer to peer network the transaction work directly from user to user, and doesn't need a centralized bank for a transaction to be made. So in my opinion this is one of the reasons why because they can't gain something from it or make a profit to the transaction made and bitcoin is tax free that's why.
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garen21
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March 04, 2018, 12:05:21 PM |
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ban other governments bitcoin because other governments want their control over bitcoin prices that bitcoin does not want to turn them into other countries that their government wants them to control at prices similar just china to ban their bitcoin on them so no chips are helped by bitcoin.
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xamil
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March 04, 2018, 12:37:40 PM |
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Some countries banned bitcoin maybe because they don't know the real meaning of bitcoin,don't know that it is helpful to those who have no work and maybe because they do not control some illegal things that their country do's and they think that bitcoin will easily use by illegal transaction. But they do not know that bitcoin is more advantages that will help people then.
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fuer44
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March 04, 2018, 12:41:47 PM |
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because bitcoin could potentially serve as a tool of transactions for crime, such as buying illegal weapons, drugs and money laundering. the government is also worried about the price change of bitcoin in a short time. they are worried that people will suffer huge losses from bitcoin investments.
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ezekhiele
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" As long as you love me"
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March 04, 2018, 12:43:35 PM |
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Government ban bitcoin for some reasons. First, bitcoin don't have tax. Second, no one could trace the transaction in bitcoin. Third, bitcoin can be used in illegal transaction like drugs, crime and other. But, behind it bitcoin is really useful to the people who join it. They become millionaire because of crypto.
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Jerzzz
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March 04, 2018, 12:46:48 PM |
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For me i thing the main reason why some government banned bitcoin is that because they're not getting any profit from the community or in short they don't get any taxes from the bitcoin users. That's why some of the countries ban bitcoin because there are many people who works in cryptocurrency earn a lot and they don't pay any taxes.
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richjohn
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March 04, 2018, 01:24:06 PM |
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The government loves to exercise its control over everything in order to feel in power, but, in the case of cryptocurrencies, they were stripped of this controlling authority. So, anything over which government doesn't have control, they sees it as a threat, and hence they bring in policies to ban it.
The government does have some legitimate reasons to ban it though, since the use of cryptocurrencies is prevalent in black market and illegal trade.
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wasaisisisi
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March 04, 2018, 01:31:26 PM |
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They are afraid that its citizens will have an idea of using it for the same purpose. As we know government don't want to take a risk. Because government can't take a control of bitcoin, and government didn't want their economy will go down. That's too risk they think. And as we know if bitcoin accepted, the bank of country will be rival with bitcoin.
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klebsiella
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March 04, 2018, 01:36:01 PM |
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The reason is FEAR. The government cannot control bitcoin transactions and they will not know how owns it. Unlike fiat, the government can determine the issuance, transfers and they can even destroy it. They don't the idea of not having a banking system anymore and afraid that somebody might use it for illegal activities.
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Ajinomoto40
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Buy, sell and store real cryptocurrencies
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March 04, 2018, 02:01:58 PM |
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I See topics about banning and I want to ask.
Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.
Bitcoin has been a good way to earn money and that money is seriously large that's why the government of every country is being cautious about it. There's no tax also when it comes to this kind of situations that's why they feel like its a threat to their economy. Another thing also is because bitcoin is being used for some illegal transactions since it is well secured and the users are always anonymous. |
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Gheka
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March 04, 2018, 02:14:10 PM |
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For me i thing the main reason why some government banned bitcoin is that because they're not getting any profit from the community or in short they don't get any taxes from the bitcoin users. That's why some of the countries ban bitcoin because there are many people who works in cryptocurrency earn a lot and they don't pay any taxes.
Exactly, the government does not get any benefit from bitcoin, and they even to solve problems that Bitcoin can create, in particular, situations such as tax evasion and the use of bitcoin for illegal activities, it makes them very headache. Therefore, they are forced to ban Bitcoin because they do not have the ability to solve all problems, Bitcoin with them is a real disaster, although they have banned bitcoin but they can not be managed completely, somewhere in their country, bitcoin is still a place that attracts many people, it still has a certain influence on the government |
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angelakrasnova
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March 04, 2018, 02:18:37 PM |
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banned because not all countries want to inject bitcoin because of their infrastructure is weak.
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karloscimot
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March 04, 2018, 02:22:11 PM |
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if in my country in Indonesia gan. the government instead of banning only not recognize bitcoin. because the presence of bitcoin in Indonesia is still illegal because the government can not be tax from bitc the proof bnak central Indonesia still serve bitcoin exchange with rupiah.
only the government still forbids if bitcoin is used for the transaction tool .oin trade .
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Nyeyzel
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March 04, 2018, 02:31:56 PM |
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I think government ban bitcoin because they know what will be the effect in banking. People might put their money in bitcoin and not in the bank. They know there is no control in the price of bitcoin and it might be used in some illegal transactions like money laundering. The government doesn’t fully understand the benefits of bitcoin if they will legalize it.
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jeysonserafini1
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March 04, 2018, 02:59:14 PM |
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Because they feel not safe when they adopted Bitcoin, Bitcoin is a threaten to banks and their financial. That's why they keep Bitcoin away from their residents.
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khai29
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March 05, 2018, 01:55:42 AM |
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Because some people they use bitcoin in negative way or bad way that's why some government ban bitcoin in the other country,if that case happen maybe government recognize bitcoin part of the currency.
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rajkr
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March 05, 2018, 02:07:42 AM |
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BTC creates threat to country own currency.it can also be used in illegal activities and money laundering because its transactions are not controlled by country government agency.
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Jian_Liux
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March 05, 2018, 02:29:34 AM |
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I think it is because they wanted to protect the welfare of their people.
We cant deny the fact that there are really cryptocurrencies out there which was created in order to scam people of their hard earned money.
And i believe government must be able to stop this but not to a point that they will ban bitcoin though.
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