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Sniar
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October 26, 2017, 06:07:40 PM |
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Bcz they are afraid that BTC will replace regular money of that country. Thus I'm kinda surprised that russian government is going to legalize cryptos.
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assyla
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October 26, 2017, 11:35:26 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?
Some countries banned bitcoin and other cryptocurrencies because first of all bitcoin and other cryptocurrencies doesnt give you taxes so that it is not good to government so they ban it. |
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lennyk
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October 27, 2017, 12:26:37 AM |
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yep, lack of tracking for tax purposes is a big one,
also too easy to move money with a click
all countries will want control of where and how their currency is being used and more importantly by whom.
some countries will want to ban simply as a regulatory safeguard to avoid citizens losing money if viewed as a scheme but highly doubtful
it will be tough to have a total ban as the electronic transfer aspect is tough to defeat.
Note, in many third world countries, american casino chips are used to pay bribes to govt officials
recipients travel to the US to collect chips and redeem for cash as needed.
In this example is it possible to ban the handling/ownership of casino chips ?
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Images21
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October 27, 2017, 12:46:33 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?
Some countries banned bitcoin and other cryptocurrencies because first of all bitcoin and other cryptocurrencies doesnt give you taxes so that it is not good to government so they ban it. That is definitely one of the reasons why some countries banned bitcoin. And perhaps because Bitcoin is a decentralized mode of payment transaction, they must be afraid that aside from them receiving nothing in return, the banks that are the ones backing up governments will become useless in the future. That is a normal reaction from something that is threatening their entire system. More so because the people are beginning to show strong support for bitcoin instead of banks. |
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4p0l4k4y
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October 27, 2017, 12:50:43 AM |
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Bitcoin is untraceable so meaning that countries government won be able to put tax on any bitcoin transaction. Meaning 0% profit for thier government.
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BAGOBO
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October 27, 2017, 01:00:40 AM |
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maybe the reason they forbid Bitcoin because Bitcoin can affect the fiat exchange rate in a country then many countries are banning Bitcoin in the country.
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sakkosekk
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October 27, 2017, 01:05:35 AM |
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They simply do not have mechanisms and policies to manage the bitcoin, which bitcoin is a kind of money, have a certain impact on the financial and economic of that country, so they forbid bitcoin
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rube08
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October 27, 2017, 01:07:17 AM |
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Some countries ban bitcoin because there is not a way to control bitcoin centrally. The countries have their own banking system and they have full control of there central bank. Bitcoin on the other hand is a peer to peer transaction without the middleman.
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Chris!
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October 27, 2017, 01:11:16 AM |
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If the governments in these countries are known to be corrupt, they want to make sure they keep it that way. There's no easier way to do that than controlling the money supply. Bitcoin takes this power away from them so we can all move on from these outdated ideas of what money is and grow as humanity, not just one person, government or country.
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drawoh14
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October 27, 2017, 01:15:05 AM |
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It might be because of tax their government is lossing money because bitcoin does not have tax and they called it as money laundering.
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sakkosekk
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October 27, 2017, 01:16:23 AM |
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yep, lack of tracking for tax purposes is a big one,
also too easy to move money with a click
all countries will want control of where and how their currency is being used and more importantly by whom.
some countries will want to ban simply as a regulatory safeguard to avoid citizens losing money if viewed as a scheme but highly doubtful
it will be tough to have a total ban as the electronic transfer aspect is tough to defeat.
Note, in many third world countries, american casino chips are used to pay bribes to govt officials
recipients travel to the US to collect chips and redeem for cash as needed.
In this example is it possible to ban the handling/ownership of casino chips ?
Thanks for your comments, with your bitcoin, I have a better understanding of why countries are issuing such a bitcoin ban. But anyway I still believe the future of bitcoin |
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kunchinq
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October 27, 2017, 01:16:35 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?
simple bcoz they want to be sure that this DIGITAL CURENNCY will not abuse and used by TERRORIST, but they're blind to see what this DIGITAL MONEY can bring to them. a peer to peer Transaction will help people all over the world. BITCOIN is not BAD it is how they will use for. beside Bitcoin is a Technology not for the Value. |
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sakkosekk
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October 27, 2017, 01:18:30 AM |
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In the comments I read from a friend on this forum, he said that the governments wanted to control their country's cash flow, and bitcoin against that, so they issued a ban on bitcoin.
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SushiMonster
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I'm going to eat your cookies
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October 27, 2017, 01:21:29 AM |
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Since bitcoin is uncontrolled by the government, transactions using this cannot be tracked nor regulated.
I think the some countries are threatened with the free access of bitcoin by everyone and thus it can be used for illegal transactions and scams.
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chathushka
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October 27, 2017, 01:28:27 AM |
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prieaji
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October 27, 2017, 01:50:36 AM |
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perhaps they forbid because they do not know the bitcoin, and how bitcoin how to improve the economy and much to change the people in the country.
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Bitcoinnumberone
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October 27, 2017, 01:52:21 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?
They dont see bitcoin as a technology or an easy way to may transaction instead they see it as a threat in the economy where other banks and other technologies can be wipe out because of these technology other things like cash can be now useless. |
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cutecute
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October 27, 2017, 01:58:40 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?
Some country banned bitcoin for me is it because bitcoin can change the people in the country and they didn't know how it can help to improve the economy on their country. But I can't see and I don't know what is their reason to banned the things that people can be rich and successful. |
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Theo222
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October 27, 2017, 02:05:12 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?
Because they dont want to make legal all transaction for drugs because bitcoin transactions is very untraceable thats why government cant legalized the bitcoin. |
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bitcoin31
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October 27, 2017, 02:10:46 AM |
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Other country banned bitcoin because they cannot manipulate the bitcoin so the government banned bitcoin. And that's why rhey want big taxes from bitcoin. I dont know why the other reason why other country banned bitcoin. I hope those country will continue again to use bitcoin because it is opportunity to earn money and to help people and if your people successful yout country too.
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