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Author Topic: Why do some government ban bitcoin?  (Read 12574 times)
techindo
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September 20, 2017, 04:05:40 PM
 #81

I don't think so. Please look U.S.A and Japan. In There Bitcoin LEGAL.
maybe another country quick or slow Will be followed U.S.A and China , just waiting .
Need long time for learning about Cryptocurrency , Decentralized , smartcontract , blockchain etc.
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lilit
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September 20, 2017, 04:10:04 PM
 #82

The government can not control bitcoins and wants to ban it so that people are not free and can not dispose of their finances peacefully. I think in the future, crypto currencies will be tied to banks to control them.

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Fuhre
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September 20, 2017, 04:15:52 PM
 #83

The government is afraid of the appearance bitcoin, they can not control it! they can't corrupt, because bitcoin can suppress corruption, money laundering and other things.
arp10
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September 20, 2017, 04:16:22 PM
 #84

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.  



Nowadays, ban is one of the main function of the governments. If something could not be controlled it should be banned.
khaled0111
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September 20, 2017, 04:20:07 PM
 #85

Of course any country will concider bitcoin as a threat since it's not under their central banks control and they cant track transactions.
Anonymous transactions are a double edged swords since it can be used by criminals to finance criminal activities without any trace to comdamn them.
But goverments will, sooner or later, be convicted that bitcoin is unstoppable and they will have to find a way to deal with it.

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RodeoX
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September 20, 2017, 04:22:08 PM
 #86

Where is it you think governments are banning bitcoin? There is a rumor that China will, but where is it banned?

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Caelanpelley
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September 20, 2017, 04:22:22 PM
 #87

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 it depends on the way people think, as well as how different countries make different decisions. From there they will enact legislation to accommodate development. Some countries may think it is good or bad.
bamboylee
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September 20, 2017, 04:23:22 PM
 #88

Because bitcoin is decentralized which is a complete opposite of how the government works, which is centralized. They cannot control bitcoin and
its uses. So they go to banning them. Though I think banning bitcoin is not an effective move because cannot really ban bitcoin. It is better if they just regulate it or the exchanges of bitcoin.
mostkey
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September 20, 2017, 04:53:19 PM
 #89

Because bitcoin is decentralized which is a complete opposite of how the government works, which is centralized. They cannot control bitcoin and
its uses. So they go to banning them. Though I think banning bitcoin is not an effective move because cannot really ban bitcoin. It is better if they just regulate it or the exchanges of bitcoin.
your opinion makes a lot of sense, banning the use of bitcoin will only increase the number of users who are anonymous, it would be more effective if the government controls exchange exchange from bitcoin to their currency, and the country can get income from the bitcoin fork tax to currency that can add to the country's income and may be able to lift the country much more advanced than before
ivanarifiant
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September 20, 2017, 05:26:16 PM
 #90

My opinion about bitcoin government Because there are some things that have happened to bitcoin as in illegal payment activities, some also claim that bitcoin can also be used for money laundering. and bitcoin also no specified taxes. So the government gives this prohibition for fear of anyone doing something illegal that can not trace it
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September 20, 2017, 08:02:32 PM
 #91

but it is not as bad as some might think, but it is only a very very difficult job to do, because the exchange of bitcoins with real currencies that are too high makes some countries think to legitimize it.

valisa
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September 20, 2017, 08:08:46 PM
 #92

only some countries are banned bitcoin, they may think if not banned, many investors will die investments in the country and divert to bitcoin, to protect its interests then the country to ban bitcoin.
brickafterbrickwalldpt
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September 20, 2017, 08:13:53 PM
 #93

Bitcoin is a bit of a taboo subject for some people, especially older generations, which also happen to be the generations with the current leaders of most countries. Given how also bitcoin is not under their central banks control, which means they can't effectively track transactions they may interpret it as something hurtful and illegal.

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baronious
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September 20, 2017, 08:16:25 PM
 #94

To maintain control.  That's why.
Yamato Tatsuki
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September 20, 2017, 08:17:15 PM
 #95

The legality of your Bitcoin activities will depend on who you are, where you live, and what you are doing with it. Government agencies are increasingly worried about the implications of Bitcoin, as it has the ability to be used anonymously, and is therefore a potential instrument for money laundering. In particular, law enforcers seem to be concerned about the decentralized nature of the currency.
ophyrim
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September 20, 2017, 08:17:28 PM
 #96

The name of the game is "control". They ban because they can not control it. A non-controllable market is rising.
The taxes could be a problem
Bank system could be a problem
Money laundry could be a problem
Black markets could be a problem
Even scammers could be a problem
This is the reflex of the governments against novelty and innovation
SvenBomvolen
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September 20, 2017, 08:25:43 PM
 #97

Governments see danger to their system in bitcoin. We can call bitcoin as wild currency and decentralized, so, money simply passing through the government services without staying in that. They say us that they ban bitcoin for our safety, but in fact they ban it more for they own, cause of bitcoin has finely gave us  that financial freedom and self business that we couldn't get from the government.
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September 20, 2017, 08:40:59 PM
 #98

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 it depends on the way people think, as well as how different countries make different decisions. From there they will enact legislation to accommodate development. Some countries may think it is good or bad.
It depends a lot of reasons, but most of the government think Bitcoin can not taxes fees by them, therefore if they still ignore it, the people in their country will take advantage this opportunity to avoid taxes fee and make the country economy has trouble.
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September 20, 2017, 08:43:20 PM
 #99

Is botcoin really that bad? To banned by other countries?

Not that really, it's usage before was well known in the dark market and that's why other countries are still looking at that use of bitcoin which now has changed. They don't know bitcoin is now on the main stream and it is not yet the medium of exchange in the dark market.

Do the other government in other countries see something bad?

Yes, just like what I said above.

Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.  

No, it can't.

John Wick
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September 20, 2017, 08:47:01 PM
 #100

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.  



They want more tax. They never want uncontrolled transactions and money transfer between their people (citizens). They don't want a free economy, especially china. These are the reasons.
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