sarjilcse
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Activity: 252
Merit: 10
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January 06, 2018, 02:17:50 PM |
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Actually it depends on central bank governor !! if they actually wanna accept btc then they should accept ! if they hear bad news about btc they would ban !
I think one day all country will accept bitcoin !
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Whoever mines the block which ends up containing your transaction will get its fee.
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sneeze11
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January 06, 2018, 02:34:54 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.
I think some government ban bitcoin because they think that this is a gambling site. Some said that because it is a tax free and there's a possibility that bitcoin can make banks disappear. Government needs to get tax on people but here in bitcoin you don't need to pay tax so some countries did not let bitcoin to be legalized on their country. |
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Empiretoken
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Activity: 70
Merit: 0
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January 06, 2018, 03:51:34 PM |
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Government see Bitcoin as a threat to traditional banking institutions. They woke up to discover
that they dont have control (regulation) over Bitcoin like they regulate financial institution. Thats
why they want to rubbish Bitcoin by calling it scam.
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jdhkslj
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Activity: 23
Merit: 0
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January 06, 2018, 04:18:02 PM |
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Some countries banned bitcoin,because government afraid about the bitcoin decentralized currency.bangladesh banned the bitcoin.
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ekateriinae
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Activity: 182
Merit: 11
Try as hard as you can!
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January 06, 2018, 04:21:21 PM |
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the government concern about bad side of bitcoin.. anonymous transaction sure make anybody scared. to prevent any illegal money laundry and terrorist funding.that why they banned bitcoin for good. bitcoin still has it own weakness that not all country feel saved to used..
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ksjdksjd
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Activity: 19
Merit: 0
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January 06, 2018, 04:29:13 PM |
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bitcoin is works like a bank and currency,that's why some government afraid about the bitcoin.bitcoin is decentralized currency and no need to depend on the government.
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Trela
Legendary
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Activity: 1106
Merit: 1001
The Decentralized TCP/IP Internet Protocol
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January 06, 2018, 04:44:12 PM |
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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 Yes, it is normal if you see the price of Bitcoin "always" increases after big dump. The government know the profit of Bitcoin trader and they are really want to tax us as soon as they can. However, they need to cooperate exchange sites first and use KYC to know total profits of every trader. Then, make this market become the place to make money as other fields. |
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Geemy
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Merit: 15
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January 06, 2018, 05:37:45 PM |
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The more recognition of something among people, the greater the probability of codification
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reda
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January 06, 2018, 06:20:41 PM |
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Big Banks want to destroy Bitcoin before it destroys them.
Bitcoin, the “people’s currency,” has the potential to become a new currency, free of the control of big governments and big banks.
That’s why they both want to limit this potential. Each one in their own way. Big governments by stepping up regulations of Initial Coin Offerings (ICOs) and by shutting down cryptocurrency exchanges,
Yse it will any one can controller. So it will process it to use eaay way. It good opportunity for the people growth and it will connect the all country people share more information for the country economy. Govermment is don't like bitcoin process. Bitcoin can stop. Government is thing about the bitcoin it will affect the other currency. But it will not affect the other currency. |
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qwerty12
Jr. Member
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Activity: 313
Merit: 1
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January 06, 2018, 06:26:11 PM |
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Actually I did not understand, how and what makes the government / a country bans bitcoin.
I think it would be unfair for a government to ban bitcoin based solely on the statement "bitcoin is at risk because of its fluctuating nature"
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kyanscadiel
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January 06, 2018, 06:27:27 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.
I guess it is because they can't control bitcoin, and because it is so volatile no one can control it not even the government. The only thing they can do is to ban the usage of bitcoin. Governmwnt is also afraid it could be use in any legal transactions, and one of which is money laundering and it may also have a bad effect for the banks as well. |
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Cryptoshaft
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January 06, 2018, 06:29:21 PM |
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because it's kinda hard to track the transaction.
even if it's transparent, it's still anonymous.
not fully anonymous but still if you want to know who received the payment via bitcoin, it's very difficult.
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shayon
Newbie
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Activity: 18
Merit: 0
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January 06, 2018, 07:02:41 PM |
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Some government restrictions are bitcoin because it controls outside the central bank. Bitcoin Banking sector threat The government claims Bitcoin as a money launderer. The government does not get any revenue from Bitcoin. As a result, the work of the government is hampered. The government is not growing. But the government benefited from bitcoin if it brought it under the bank. In today's age, there was an employment opportunity of bitcoin
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nakauten
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Activity: 210
Merit: 10
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January 06, 2018, 07:05:49 PM |
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Because its a big threat to the banks which are getting a lot of taxes,they are centralized and crypto is decentralized.
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seymenyunus1654
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Activity: 224
Merit: 14
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January 06, 2018, 07:11:18 PM |
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Governments are clans that want to be in power. And they do not want to share their power with anyone.
Blockchain system is more powerfull and economy is going another way from now.
Crypto is going to ruin a shower.
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Ozero
Full Member
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Activity: 2044
Merit: 180
Chainjoes.com
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January 07, 2018, 07:33:27 AM |
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Some governments do not change with the fact that a digital currency starts on their territory that is beyond its control and has much greater value than the national currency. Moreover, this digital currency can move outside the state without any control mechanism, and it can not even levy taxes on profits from operations with that currency. If this state with a developed market economy and a sufficient level of rights and freedoms of citizens, then there are no special problems there. In this case, the civilized market continues to operate and the state only benefits from this. An example of this is Japan, where widespread introduction of crypto currency gave 0.3 percent of gross domestic product growth for the country over the past year.
However, if the country's economy is not market-based, but managed manually, the emergence of the crypto-currency is a direct threat to this form of management and therefore for such a state there is nothing else than to prohibit the circulation of the crypto currency. Moreover, in such countries, as a rule, there is not sufficient level of rights and freedoms of citizens and in fact the government there is uncontrolled in its decisions.
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boddy.dy
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Activity: 252
Merit: 17
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January 07, 2018, 08:46:51 AM |
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I think some of the government ban bitcoin is all because control. We all dont want something in our property, house, life or body that we cannot control. And that is happening with bitcoin to other countries, they are annoyed with this because they cannot control it. They also see bitcoin as a illegal doing. They also see this as useless to thier country because they cannot get taxes to this. I also read some articles that bitcoin was used to illegal transactions that caused to totally banned of bitcoin to that country. I am just thank full that in our country it is legal. And i am enjoying the benefits of it.
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znapitf1
Newbie
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Activity: 18
Merit: 0
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January 07, 2018, 08:51:06 AM |
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Bitcoin is illegal in some countries because,they afraid bitcoin will banks disappear.
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Eugenar
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January 07, 2018, 08:54:48 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.
Chances are high that it is because of its decentralization issue. Bitcoin is decentralized so they won't be able to control it including tax on every transactions.And also, there are probabilities of Bitcoin to be involved on illegal activities. Its volatility is another possible reason why Bitcoin is illegal to some countries. But in the future I am hoping that these issues will be solved so that more people will be able to use bitcoin. |
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cutecute
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January 07, 2018, 09:19:36 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.
For me some government ban bitcoin because they think that it is a gambling site. Other said that government ban bitcoin because in bitcoin there is a tax free. Some government need our tax so they need to ban bitcoin because they can't get a tax on it. Some said that government also afraid that bitcoin makes bank disappear. |
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