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Author Topic: Why do some government ban bitcoin?  (Read 12574 times)
Dod Ong
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December 05, 2017, 12:33:40 PM
 #641

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.  



I think some government think that the bitcoin is illegal because of the process of bitcoin by posting you can earned more money than you earned in your job. So the govenrnment think that the bitcoin is unfair to some people who working hard to earn money but here in bitcoin by posting you can earned more money than someone earned in their job or work.
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Jeric_
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December 05, 2017, 12:34:39 PM
 #642

Some government wants a ban on bitcoin since there is no capital gains tax chargeable on bitcoin. Only bitcoin mining and businesses operating on bitcoin are taxable.
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December 05, 2017, 12:39:57 PM
 #643

Loved reading this - http://bitcoin-bug.com/2017/11/27/heres-worlds-central-banks-really-think-bitcoin/
Deddy_Kazekage
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December 05, 2017, 12:51:08 PM
 #644

Actually the government is not prohibiting Bitcoin itself .. but the government prohibits Bitcoin in a real exchange can be practically replace the original money may be prohibited by the government .. because we as citizens should not blame the government .. Knazan as the exchange is the original currency such as USD, EURO, YEN, Rupiah and many others .. it is a symbol of our own citizens .. but Bitcoin just need to change it from digital form to the original form of currency that exist in our country .. maybe that's what is meant by the government ..
MalaViolina
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December 05, 2017, 01:26:27 PM
 #645

Some goverment ban bitcoin becouse people don't store in their money value. And bitcoin value doesn't stop growing. And when that happens,their money value starts to fall. Becouse is big diffrence bwtween bitcoin and their money value. And so the state weakens if their currency is weakening. Also they don't have full control over bitcoin as they have over their currency.
kasansa
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December 05, 2017, 01:28:36 PM
 #646

The main concept most of the government's fear to promote that bitcoin is a digital currency whereas they will lose revenue like income tax, people may use it for money laundering.

AimHigh
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December 05, 2017, 01:38:25 PM
 #647

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.  



Yes you are right many country ban cryptocurrency just like bitcoin they broadcast and they are spreading a newa that if you are joining or trading in bitcoin they put you in the jail even in my country so many of bitcoiner here was affraid about the news but if you are user or bitcoiner dont be affraid because it ia not easy to locate you where are you because of thwre are so many user in bitcoin so that the government didnt easy to locate you.
MintCondition
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December 05, 2017, 01:41:35 PM
 #648

as we all know that bitcoin is decentralized and no one can control bitcoin. Some governments are banned bitcoin and the reason is that they want to get our money in their control while bitcoin is not under government government control due to which some government are trying to banned bitcoin.

They banned it since bitcoin is decentralized, they saying that they were into investors goods, that it might affect investors situations for they might get scam and tge accused it as a way of scamming people.

cryptoindustries
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December 05, 2017, 01:52:30 PM
 #649

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.  


quoc01663916422
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December 05, 2017, 02:07:05 PM
 #650

the Government they fear we tricked dermatome bitcoin, they think just a virtual coins bitcoin on the internet. The Government said that Bitcoin is used for illegal activities
Samsungnumbertwo09
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December 05, 2017, 02:19:59 PM
 #651

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.  


I think that goverments was afraid coz they thought that bitcoin is for buying illegal items or do some  illegal activities and the bitcoin those not pay a tax.
AlexanderAnthony
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December 05, 2017, 02:20:49 PM
 #652

The way I see it, in my opinion why some government Ban bitcoin is base on their point of view. Some may see it as a threat to the government because some civilians may prefer to invest in bitcoin over than the traditional banking and since some government bank or public bank. Public bank is a bank controlled by and principally funded by a government and some private investors are not under by the government since bitcoin is a digital currency it only exist electronically,government can't touch it. so I think that is one of the reasons why.

arteezyy
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December 05, 2017, 02:43:57 PM
 #653

I don't know what is the bad side about bitcoin. All I know is bitcoin is being banned because government can't control it and they can't issue taxes on transactions on bitcoin.

Glydel1999
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December 05, 2017, 02:44:56 PM
 #654

The main reason why the bitcoin is banned in some countries is because governments in some countries that the bitcoin have a disadvantages if they will legalize it.
For them, bitcoin has bad effects.
paul00
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December 05, 2017, 03:31:00 PM
 #655

Bitcoin has been helping lots of citizens who knows how to use and manage it. However, we all know that there are people who have been victimized by scam thru the use of bitcoin. Maybe this is one of the reasons why governments tend to ban bitcoin in their countries. They might be protecting their people from these digital threat.
wel24
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December 05, 2017, 04:11:13 PM
 #656

Some people or governments comprehension or impression about bitcoin is used for fraud ,cause of money laundering.They dont even know that btcoin will make our life new and help us to make our goals come true.They dont study and do research before accusing btc in fact bitcoin will make your investments bigger amd bigger in just few days or time but in the bank our money will grow little by little monthly.
Rupok
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December 05, 2017, 04:23:52 PM
 #657

The government thinks that illegal work is done with bitcoin. Bitcoin is used in the internet, so the transaction can not be traced. The government thinks that it is considered one of the most significant transactions in kidnapping, robbery, murder etc. So, the government of some countries, Bitcoin Ban Lets do it.

Kurapajajadi
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December 05, 2017, 04:36:46 PM
 #658

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.  


In me opinions Bitcoin seemed to boom in the industries, all central banks cannot control bitcoin that's why government is afraid to claim it. And i think they really thought that they can't legallized bitcoin that's why their banning it. People can launder money. Mostly, people earn money without paying taxes, they prefer working for bitcoin than become an employee who works hard and pay taxes.
Kid zeus
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December 05, 2017, 04:45:54 PM
 #659

Every country wants to be on the course of development but then its not an easy task to do so, there ate various obstacles that come in the way. The same is with BTC ,any country would like to have crypto currency as their very own          but not everyone has the perfect planning to excute such a decision and that to on such a major scale , we are talking about a country over here and every single country needs to be a bit more developed to keep BTC as their fiat but with rapid advancements in technology around us the day is not far when we are gonna use BTC to buy even grocery...(thats just a thought , couldn't get a good example 😅)
tempebacem
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December 05, 2017, 04:54:55 PM
 #660

i believe they are concern how will individuals use bitcoinbitcoin is not good neither bad, not wrong or right this will depend about how individuals will use bitcoinperhaps not every people is thinking to make use of bitcoin as medium of exchange and for funds appreciationthe federal government is really worried about how can individuals abuse its great features to gain their individual interests.
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