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shata
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December 23, 2017, 06:19:11 AM |
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I think some country banned bitcoin is that the government can not get taxes from it, it could not help their economy to grow. There are also country that does not use modern technology to be used.
Yes, Any government can not get taxes from Bitcoin . But banks can get taxes on it. If there's a transactions like trading and exchange of cryptocurrrencies, They are getting taxes on your coins. And this is not a deep reason why government banned bitcoin. Other governments banned Bitcoin because of its anonymity and it can cause money laundering. You can easily transfer a lot of money without knowing who is the receiver. Just bitcoin wallet address is needed. They also banned bitcoin because of having illegal transactions that involves in buying and selling of illegal drugs, paying people to kill their enemies, scamming, hacking, etc. These are some of the reasons why other governments banned Bitcoin. |
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Lowleary
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December 23, 2017, 09:37:11 AM |
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why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
bitcoin is not stable and only support by developers not have "gold, silver". many ban it to reduce it’s effect in them countries |
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GideonGono
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January 13, 2018, 02:28:17 PM |
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There are so many reasons that they are afraid that bank investors are moving into crypto. Because their profit is bigger here. Unlike banks that are slowly returning our investment rates. So people will definitely be interested in bitcoins to invest. Bitcoins can afford the profit that the bank gives you and you can afford it within just one day. That's the power of bitcoins that will really make it easier for us to invest and give us a big profit.
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mangkiko
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January 13, 2018, 02:28:50 PM |
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Some countries ban bitcoin because their lawmakers think that it is difficult to regulate and bitcoin will be used for illegal transaction. The government also cant generate income on it because bitcoin is not taxable thus it may take negative effect on its economy.
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Asawakobana2017
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January 13, 2018, 02:39:45 PM |
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In my opinion, Some countries banned bitcoin because their government dont get any taxes from it. By that their economy will not grow.
Your right that might be one of the reason of banning bitcoin to some countries. The taxes that involved with it, the government don't like bitcoin to be part of their society because affects directly to the economy. |
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Rosilito
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Wish for the rain? Then deal with the mud too.
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January 13, 2018, 02:39:48 PM |
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They are only scared of what bitcoin can do badly on their society, maybe they only focus on the negative benefits of bitcoin. Well, wayback from where bitcoin became popular bitcoin mostly used in deepweb where you can buy drugs, or to watch a child pornography, or hire a killer man which is illegal even though such thing happens right now. They only fear those things, and in addition they do not want their citizen to loose their money or to get scammed by unknown people or group which uses bitcoin to encourage people to invest to them because bitcoin value is not as fixed and continuously grow bigger and sometimes lower.
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Aveatrex
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January 13, 2018, 02:50:14 PM |
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why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
For my case,my country banned Bitcoin and Cryptocurrency because they claim that cryptocurrency helps money laundering and since Bitcoin is pseudo-anonymous it also helps drugs and weapon traffic. In a way,they are right because people use's Bitcoin anonymous feature for illegal things furthermore governements needs to take actions against that.However in my opinion,with cryptocurrency or without it crime will always be there no matter what. |
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Toucanoe
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January 13, 2018, 03:17:37 PM |
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Some countries are very conservative, they think that bitcoin will ruin their economy or their currency will be set aside that is why some of them bans the use of bitcoin just like china did.
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adjudicator
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January 13, 2018, 03:20:25 PM |
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why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
There is no problem in bitcoin infact the government are scared about bitcoin because it can affects the fiat money which the government care of. If people will used bitcoin than fiat,the government will not get the tax that they need to buy new houses. |
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Sir Legend
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January 13, 2018, 03:21:45 PM |
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Bitcoin will forever be a contradiction, for those who embrace the ancient system then the presence of bitcoin can be a threat, but this will not make bitcoin disappear because bitcoin users are from different countries.
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lani123lani
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ORBIS PLATFORM
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January 13, 2018, 03:34:35 PM |
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because the government can not control the movement of bitcoin, because bitcoin transactions are ononim unknown to the owner of bitcoin and will harm the country such as tax evasion.
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weblouartisan
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Lets Go Adab
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January 13, 2018, 03:46:35 PM |
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why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
There are different problems that government are facing in other countries and because of that , Even cryptocurrency can affect the economy of every country. Bitcoins can be used by everyone even those people who are creating illegal transactions such as drug laundering through bitcoins and government are afraid of that kind of problems. |
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Ailcab
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January 13, 2018, 03:54:48 PM |
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You have some point! Thats what I thought too. Bitcoin in some countries got banned because they think its illegal since they cannot trace anonymous owners for the transactions. That's why they are hesitating in approving it to avoid any illegal operations that the government can't control. why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
There are different problems that government are facing in other countries and because of that , Even cryptocurrency can affect the economy of every country. Bitcoins can be used by everyone even those people who are creating illegal transactions such as drug laundering through bitcoins and government are afraid of that kind of problems. |
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dineth88
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January 13, 2018, 03:59:29 PM |
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cuz it can be used to money laundering and many illegal activities cuz no one can track the transactions
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daenarys_stormborn
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January 13, 2018, 04:01:36 PM |
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I think some countries try to ban bitcoin in because they are afraid of something new, they are afraid that bitcoin will have a negative effect on their country's economy
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Roberttran
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January 13, 2018, 04:05:40 PM |
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in my country vietnam. The government haven't recognized bitcoin because they still consider bitcoin to be a virtual currency that has no real value
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Celllz
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January 13, 2018, 04:17:40 PM |
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I think its a question of time before some other gouvernment introduce some law to control the cryptomoney
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RajaJudi
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Less is more
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January 13, 2018, 04:32:20 PM |
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why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
There are different problems that government are facing in other countries and because of that , Even cryptocurrency can affect the economy of every country. Bitcoins can be used by everyone even those people who are creating illegal transactions such as drug laundering through bitcoins and government are afraid of that kind of problems. If many people use Bitcoin, unit of currency in their country will lost price. Bank will bankrupt, government afraid of that. Secondly, Bitcoin does not have limited, everybody can use and transact it freely. That's why government in some countries banned Bitcoin. They have to make sure crime won't do something badly through Bitcoin. , |
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buhchain
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January 19, 2018, 08:04:41 AM |
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Because bitcoin is a decentralized digital transaction, countries simply do not know how to manage their tax rates, so simply ban it.
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William1978
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January 19, 2018, 08:09:22 AM |
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Yes, that could be the main reason why most countries banned bitcoin.Bitcoin is not taxable so if it is tax free then government will not get share from it. but goverments in some country because some goverments still hates this bitcoin they scared about crypto because bitcoin and all crypto can replace the all banks in the future.
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