irienoodles
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December 29, 2017, 11:34:03 AM |
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They ban it because it is anonymous.
Other reasons are because they cant earn tax from it.
There are also a lot of people who dont think enough with their investments, they do think that bitcoin doesnt have safeguards that banks provide - which i think is true
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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ucingucingan
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December 29, 2017, 11:42:15 AM |
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Many countries are grappling with bitcoin because they are afraid that the exchange rate of their country's currency is weakening which in the end economic crisis if bitcoin is used as a tool in their country, but I think if bitcoin is only used as an investment commodity then it will be very profitable because bitcoin is a potential commodity.
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konfuci
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December 29, 2017, 12:16:28 PM |
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That's true, several governments have a negative approach over bitcoin based on the scams and other illegal activities taking place with bitcoin. Same time few countries have been making a long research to use it in a better way. Some has already implemented it, maybe looking the growth of the countries that have already adopted bitcoin other countries too will adopt in future to grow good in economy.
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BitcoinCommodor
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December 30, 2017, 11:11:58 AM |
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Some countries have banned bikoyun because it could affect their state income tax, and could also affect economic services.
They believe that banks no longer have the power, and this will be a change in bitcoins
They are banning it because people will boycott banking services and the banks are the ones that will push their authority and rights to be used by the people or else they will not contribute to pay higher tax. But other countries are banning bitcoin as they are only looking on it's bad side. Some countries banned bitcoin because of many reasons. First as it s decentralized feature the citizens profitable from bitcoin haven’t give any tax to governments. They fear because they think it will crashed their economy. They fear because they think it will replace their state currency. They fear because traditional bank system will be disappear. They fear because they think it will be used for crime purpose. Many other reason they banned bitcoin. |
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Victor$
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December 30, 2017, 08:15:23 PM |
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Well some government has banned bitcoins as they think bitcoins are threat to society as government can't control bitcoins because bitcoins are decentralized and bitcoins can be used for many illegal activities.And also taxing bitcoin transactions are hard for them and banking would be affected.Bitcoins prices are way too unstable too so government discourage us to invest in them.
At current, I just know the Chinese and Korean government banned ICO in these countries. About Bitcoin, I did not hear any news as ban Bitcoin in this year, can you give me the list countries banned Bitcoin? I will be happy if know it, thanks! May be they want to use their people for their own work because bitcoin is not that kind of currency which can make a problem for someone if it was bad currency then no any other country will make bitcoin legal bitcoin has legal in many countries because they know how bitcoin is important for them so I think they are doing wrong when they are banning bitcoin if they allow bitcoin so I’m sure it can help them a lot. |
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BlackBeauty
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December 30, 2017, 08:32:24 PM |
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Well some government has banned bitcoins as they think bitcoins are threat to society as government can't control bitcoins because bitcoins are decentralized and bitcoins can be used for many illegal activities.And also taxing bitcoin transactions are hard for them and banking would be affected.Bitcoins prices are way too unstable too so government discourage us to invest in them.
At current, I just know the Chinese and Korean government banned ICO in these countries. About Bitcoin, I did not hear any news as ban Bitcoin in this year, can you give me the list countries banned Bitcoin? I will be happy if know it, thanks! May be they want to use their people for their own work because bitcoin is not that kind of currency which can make a problem for someone if it was bad currency then no any other country will make bitcoin legal bitcoin has legal in many countries because they know how bitcoin is important for them so I think they are doing wrong when they are banning bitcoin if they allow bitcoin so I’m sure it can help them a lot. I think Government wants bitcoin realize that its work will never for illegal activity and also their payment transaction will never transfer in wrong hand, so that's why government banned this forum but actually bitcoin forum is very helpful for every person and many people who will never settle their life in job salary bitcoin do their life very comfortable. |
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Nana99
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December 30, 2017, 09:12:51 PM |
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They ban bitcoin because bitcoin may be used as payment for illicit activities.
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aeternus
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December 30, 2017, 11:38:46 PM |
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Because the government can't manipulate the bitcoin's value.
They can try to manipulate the value of bitcoin, but governments do not want that, think of governments as very insecure people that want to have control of everything that surrounds them, since they cannot control bitcoin in any way or form they feel threatened by it, they want to destroy it but they cannot do that either, so they are going to resist bitcoin all what they can but at the end they are going to lose and will have to accept bitcoin. |
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kojoannan
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www.daxico.com
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December 30, 2017, 11:41:14 PM |
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Because it is anonymous and it encourages money laundering , a greatest enemy of every government . If all come to use bitcoin, how will government get taxes and trace transactions.
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RheamaeElbanbuena
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December 30, 2017, 11:43:07 PM |
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Because they do not know that bitcoin is a lot of people who are learning that they can hardly ban the bitcoin because if they only know that many people are learning especially hard it is impossible they can not ban and the one because they think it's a scam the bitcoin
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Jhaypril05
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December 30, 2017, 11:46:39 PM |
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There is nothing bad in bitcoin. Maybe some of them are aware on the price of bitcoin. They have nothing to do to manipulate the price of it and they didn't get a tax on it that's why they ban bitcoin in their country.
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maaydin
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December 30, 2017, 11:47:10 PM |
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Governments want to ban it because btc is not taxable right now and they can`t gain control over it as it is not a centralized money and people can use it for different purposes. In addition they even don`t know what it is.
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dubistnicer
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December 30, 2017, 11:51:37 PM |
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In my opininion they need time to understand what it is and make regulation regarding btc so they do think to ban it until they discover a way of control
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terang93
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December 31, 2017, 02:53:23 AM |
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They just can't control bitcoin and they consider bitcoin as a risk , a threat . That's why they ban them .
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eann014
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December 31, 2017, 02:59:00 AM |
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In my opinion it is because bitcoin can earn even at home some employees quit their job because they know they can still earn what they are earning with their current job. They don't need to pay some taxes for government and they can get all their earnings with bitcoin.
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malah
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December 31, 2017, 03:01:39 AM |
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In some countries do not support bitcoin and ban it because bitcoin is risky and the government may not want the risk to happen to its citizens because it can cause a person to go bankrupt and lose all the money.
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Peashooter
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December 31, 2017, 03:11:24 AM |
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because it is out control of central bank and not depeond on $ or gold or oil
I think the reason why they ban it is because it is decentralized where no one can control it or manipulate it. In addition to that, we all know that bitcoin is a tax free so that I think they banned it because they could not collect any tax from people who already used bitcoin or cryptocurrency but I hope bitcoin would be legalized in all country. |
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raaaj100
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December 31, 2017, 03:13:06 AM |
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Because Goverments have own,non-comercial national banks,wich are connected with comercial banks,these banks control economical environment and Financial-Monetary stability. First of all,I hope that developed countries will not do this,because for this regulations,they need to have reasonable,proportionate legal basis,wich they have not. this ,,arguable'' system olso serves to public interests, improves economical-social relationships and offers financial nuance,wich other centralized institutions can not afford.Goverments said that bitcoin leads to increase of cyber crime but we all understand that it's possible to eliminate by appropriate state resources.needed to be free will from politican institutions.In my opinion,goverments must not confront so many people's profitable-oriented interests.In general,interrelations wich are not regulated and prohibited by law are considered admissible.it is not a good reason,that bitcoin is decentralized.the prerogative of countries are people and not bank or other financial institution(private sector)
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intelligent.investor
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December 31, 2017, 03:21:59 AM |
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Government not only ban Bitcoin but the entire Cryptocurrency......they are wise because otherwise everybody would have their own company and their own cryptocurrency in their area.
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raaaj100
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December 31, 2017, 03:24:45 AM |
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these are based on my opinion. Bitcoin is banned to some countries because the government believe that bitcoin is used to buy illigal things. Also they ban bitcoin because they cannot control it, they cannot put tax on it, another reason is because bitcoin is to unstable, its price suddenly goes up and down. These are my opinions why bitcoin are banned in some countries
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