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lance04
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January 03, 2018, 08:35:23 AM |
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The government ban bitcoin in their country not just because they consider them as a illegal entity; is because of they are no yet capable to embrace this kind or opportunity and innovation in their country since they are not yet well develop and capable for this.
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guxu219
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January 06, 2018, 09:50:54 AM |
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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! Actually even the US government has banned ICOs for US citizens but most decentralised ICOs you can always buy using a VPN  |
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obinine
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January 06, 2018, 09:55:41 AM |
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Why countries banning Bitcoin? I have two reasons, Its either banks are paying those corrupt government officials because it will be a threat to their business or a county only protects its people from possible scams because of unawareness or lack of information how bitcoin works. Based on the articles I had read, Bitcoin is a big threat to a country. WHY? Without proper regulations, it can ruin a country. HOW? Bitcoin dont have taxes but a transaction fees which miners can only benefit. We all know that a county without tax can't build a better and safer place to live with. On the other hand, bitcoin gets a person its financial freedom and will start realize that we are a slave of those banks to supply their businesses. Bitcoin is decentralized and there is no way that they can put a spyware to locate a person us it
Not just banks there are many corporates shitting their pants because bitcoin is rising and crushing their business plans. They’ll definitely bribe officials to officially fud it using their powers |
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morrisby25
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January 06, 2018, 10:00:53 AM |
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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.
It's because some countries think that bitcoin is a scam, an unsecured investment, or they are afraid that people might quit their jobs and focus on bitcoin instead. When people quit their job and earn money through bitcoin, their income is not taxable. Which means government will get lesser income tax. Well BTC IS an unsecured investment in the tradional sense and nothing you say will be able to deny that. There is no gold or anything real backing it |
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kilwaXX
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January 06, 2018, 10:09:07 AM |
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they banned it cause they can't control it
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wantjokull
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January 06, 2018, 10:12:57 AM |
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There have been few analyst in my country, they were from economic side mainly and thought about the main reason for the bitcoin ban. The reason follows like this: Any country which has strong economic system with healthy circulation of money doesn't need to have external sources of earning money. This means there should not be any income source other than within the country. Here BTC Acts as intruder of the healthy economic system because in the want of profits people are sending the money out of country and this puts everything at risk. After earning huge money they do not pay the taxes on it but still enjoys the grown wealth and thus government receives no income over the time. This actually affects the country's healthy economy. This could be the reason government bans the stuff.
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Azzhan
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January 06, 2018, 10:16:04 AM |
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Don't you think the price is too high now? Even if it's a bubble, what's the problem with the state limiting its development?
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venkateshbk9535
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January 06, 2018, 10:21:13 AM |
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government want to ban bitcoin because bitcoin is not legal it is not under control of government can't put tax on it. it is loss for government and no one can find bitcoin transaction details.
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moetimas
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January 06, 2018, 10:32:37 AM |
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The government forbids it because it can not control it bitcoin and maybe this is a threat to traditional banking. Bitcoin is decentralized, and we do not need a third party, unlike the Bank that is behind government regulations. in essence, the government wants everything in the country that can be controlled.
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jdeanne92
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January 06, 2018, 10:38:32 AM |
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because it is out control of central bank and not depeond on $ or gold or oil
Exactly. The government is afraid of it. They cant control it. So they are doing some regulations about bitcoin transactions. In my country, the government is starting to notice the bitcoins presence |
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Markpet01
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January 06, 2018, 10:41:34 AM |
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Because the government cannot get tax from bitcoin.
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evader11
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Hexhash.xyz
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January 06, 2018, 10:42:10 AM |
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Government needs taxes from people. But, here in bitcoin governments can't receive any taxes from it that's why they banned it. And, I think they banned bitcoin because they are afraid that people use bitcoin to pay than the fiat.
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lunaalthea
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January 06, 2018, 10:48:20 AM |
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Bitcoin is not bad. Just like money, they say it is the root of all evil but it's not. Bitcoin can be a tool for crime bit it can also become a tool for better things too. It is up to users of bitcoin on where are they gonna use it. On the other hand, I do believe that government is against bitcoin because they cannot control it.
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greenbitsgm
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January 06, 2018, 10:49:01 AM |
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I think there are various reasons why a particular government ban bitcoin and other cryptocurrencies.As we know Bitcoin is a decentralized virtual currency where no government laws or policies have control over it, so government has no means of monitoring any transaction done using bitcoin thus depriving the government of any tax due or income in short.Not to mention that bitcoin can also be use on any shadowy or illegal activities by certain individual because of its anonymity.And also some government think that virtual currency is a threat to their own currency.
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snipetr
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January 06, 2018, 10:54:10 AM |
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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 banned by some governments because they don't have control over it. And may be they consider it as threat to banking systems. Governments afraid about bitcoins high value and its challenges to banking systems. The transactions taken place for cryptocurrency are anonymous so flow can't be trapped, thats affect income tax and this is main reason behind banning bitcoin. |
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Brangos99
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January 06, 2018, 11:28:44 AM |
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I think why the government forbids bitcoin, the government considers that bitcoin is a threat to the economy in a country, so the government bans bitcoin, possibly the government can not control the exchange rate of bitcoin up and down.
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simonbakla02
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January 06, 2018, 12:33:11 PM |
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Because it has no tax and it's dangerouse because it has high possibility that will destroy the banks right now.
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CryptoRothschild
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January 06, 2018, 12:35:24 PM |
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Governments usually think they should keep the whole money issue under their control. Banks have the same attitude, perhaps even more than governments. Put these two things together and you will understand why they try to ban Bitcoin eventually.
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asha18
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January 06, 2018, 02:12:04 PM |
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Some countries governments ban bitcoin. Among them, more than the number of developing countries. For example Bangladesh, Bolivia, Ecuador & Kyrgyzstan.
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geegaw
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January 06, 2018, 02:15:51 PM |
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I think there are various reasons why a particular government ban bitcoin and other cryptocurrencies.As we know Bitcoin is a decentralized virtual currency where no government laws or policies have control over it, so government has no means of monitoring any transaction done using bitcoin thus depriving the government of any tax due or income in short.Not to mention that bitcoin can also be use on any shadowy or illegal activities by certain individual because of its anonymity.And also some government think that virtual currency is a threat to their own currency.
Its features are very special, that made the government difficult to manage and control, and from the features of bitcoin, many people take advantage of these features to do bad things and to perform illegal acts, especially money laundering and tax evasion, this is really something that some governments worry. A society where too many bad things, the country will be chaotic, the government will collapse and of course, some governments can not do anything to improve and avoid this, banned bitcoin is the only way, they can not let bitcoin operate freely in their country |
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