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Author Topic: why some country still not legalized bitcoin ?  (Read 2099 times)
rcticoin
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December 09, 2017, 11:59:18 AM
 #161

why do another country has not been melegalisir bitcoin? maybe they assume bitcoin it as an inhibitor of finance for the country, why do they do not see the Japanese already bener bener assume bitcoin as something that will change the financial a country, what other countries the wait is actually, what wait if bitcoin this will be the transaction costs or so
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Adnan Saleem
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December 31, 2017, 09:36:00 AM
 #162

Some nations are afraid to take the plunge because of two main reasons. First, these coins are highly volatile in nature. Second, because many illegal activities are conducted via transactions using these coins...
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December 31, 2017, 09:48:53 AM
 #163

Meanwhile in Russia Putin sees the crypto currency is very dangerous to safety because it would be worst scenario for increasing of laundering of money. The offshore are no more reabile things due to recently scandals at Malta.
Perhaps, the main reason why some countries are looking to ban bitcoin is because of their current economic system. Bitcoin is decentralized, government can not put a total control on their economy if they are using transactions coming from sources that are beyond the control of the state.
cryptojohn9
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December 31, 2017, 10:01:31 AM
 #164

Many country government are still not completely mindful to what is BTC. It is convenient and dangerous currency. Bitcoin price or its market value is volatile and payment is anonymous that’s why I think some country still not legalized Bitcoin in their country.
Baton55
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December 31, 2017, 10:49:39 AM
 #165

Bitcoin main purpose is to allow people escape the central banks money manipulation happening globally since centuries. Some countries haven’t still legalized bitcoin, because it is  allowing more freedom to people, and people are actually using that freedom of course. They are using Bitcoin for its purpose: to save their wealth from external manipulation.
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December 31, 2017, 10:56:20 AM
 #166

Because in each country their leaders, their understanding of the economy and everyone looks at bitcoin in different ways. Some want to allow others to ban, it does not depend on the country, it depends on the leader. Japan has always been super cool in terms of economy
Memenya
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December 31, 2017, 10:59:52 AM
 #167

It's so simple, because government in some countries are only just protecting they're own national currency.

Thats one of the top reason why government not legalized bitcoin yet.
The other reason is because government think bitcoin is too risk  investment.
klaybbj
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December 31, 2017, 11:05:10 AM
 #168

The culture of bitcoin till now is not enter in mind of people and culture of country also they not trust yet bitcoin and his resources and specially his hidden face not shown to people
ujjwalsethi
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December 31, 2017, 11:08:15 AM
 #169

Some countries still have not legalized bitcoins because it is direct money for the people from the companies and there is no interaction between government or any legal body of the country. So ultimately the govt wants to have some part of the money as tax and there is no tax policy against the bitcoins. So its an opportunity for all of us to invest in bitcoins in which there is no role of government.

budiarmed
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December 31, 2017, 11:13:58 AM
 #170

I seen some big country started to legalized bitcoin like japan, but i seen some country was ban bitcoin too just like what i hear about south korean and issues about russian will ban bitcoin in next month.
But why they ban bitcoin and some country still not make bitcoin legal in that country ?

Not as easy as the state legalize bitcoin, it will have an impact on the stability of local currency. Of course the government does not want to take risks.

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marcuslong
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December 31, 2017, 11:14:41 AM
 #171

I seen some big country started to legalized bitcoin like japan, but i seen some country was ban bitcoin too just like what i hear about south korean and issues about russian will ban bitcoin in next month.
But why they ban bitcoin and some country still not make bitcoin legal in that country ?

Well, Bitcoin have a lots of persecutions because of its use. Bitcoin is now used in illegal transactions, the thing that we did not expect. In some news about cryptocurrency, Many porn sites are now accepting bitcoin as mode of payment if they wanted to take a girl. As we can see, Bitcoin is just a digital currency but many people are crazy on it. They use it in pushing and selling/buying illegal drugs and scamming. And this is still continues so that many countries banned Bitcoin.
icanscript
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December 31, 2017, 12:54:24 PM
 #172

I seen some big country started to legalized bitcoin like japan, but i seen some country was ban bitcoin too just like what i hear about south korean and issues about russian will ban bitcoin in next month.
But why they ban bitcoin and some country still not make bitcoin legal in that country ?
Fear.
The officials fear the main instinct. They are afraid for their work, they are afraid of responsibility. There are accusations of corruption. They are afraid of their owners-sponsors.
All these fears they cover with care about citizens.
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