Deathgamer
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November 30, 2017, 12:04:20 PM |
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The reason why some country banned bitcoin its because they cant give tax to it also they cant get income in bitcoin,Specially in my country which is the philippines they also say that bitcoin was being use by terrorist and druglords in their illegal transaction thats the reason why they banned bitcoin because they cant track the transactions and they cant divulge any information but to those people who earn bitcoin by working hard in joining signature campaign I really find bitcoin very helpful to me because of bitcoin I can support my daily expenses and daily needs so thanks to bitcoin.
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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johnalyn
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November 30, 2017, 12:11:09 PM |
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I think why some country banned bitcoin is because they don't have an idea of making they're country grow using this bitcoin and maybe they are not eligible in using an internet in their places.
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Lancelot04
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November 30, 2017, 12:12:13 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?
Maybe because they are scared of the fact that Bitcoin may overcome their governments and will lose track of transactions. |
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Miles123
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November 30, 2017, 12:13:25 PM |
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Governments banned Bitcoin because they don't know how important is this forum, it can help people to survive in life and can sustain they daily needs. Bitcoin can help the economy of a country to be improve. There is many opportunity here and everyone can avail and grab that.
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Digitalbitcoin
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November 30, 2017, 12:14:09 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?
Well I think may the these countries want to use their people to work for them in order to get tax from them I think they are worry about it that when they let free bitcoin in their countries so all the people will move toward bitcoin and they will start to get their money from bitcoin so I think that can be a reason which is a wrong decision by them. because they don't know how to demand taxes from this, and still fear for the economy of the country
Yes its for sure that many undeveloped countries are still not aware about potential of Bitcoin. Already whole world might have aware about Bitcoin Because its been since from 2009. But still government not allowing it. But soon every country will accept it. Because this is the future. Government must have to be prepare to find appropriate solutions by implementing bitcoin and other altcoins for taxation. |
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charlotte04
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November 30, 2017, 12:15:01 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?
It's obvious that every government is afraid of cryptocurrencies when they are not regulated. Afraid of being left out. |
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Cointertrade
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November 30, 2017, 12:16:22 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?
I think they banned bitcoin because they are afraid that they couldn't control bitcoin. Bitcoin has now taking its place a new international currency well in fact a lot of currencies has been existed and they want that their coin will be patronize by a lot of people but sad to say it's not |
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ice098
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November 30, 2017, 12:23:34 PM |
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Some countries do not inaugurate bitcoin in their country. I think bitcoin is banned in some of these countries because the government can not levy a tax on bitcoin income.
You are right, I think because the bitcoin is not under control by the government, this is the main reason maybe, People can send and receive their bitcoin safely without any track by the government or any one, people who use bitcoin have the full control of privacy, so they can use they own tax and send an unlimted amount as they wish without any problems.. Many reasons why bitcoin banned in dome country, it is because of the greedy government that they want to have control to everybody and obey they laws. Also to get money from people hardwork, they want to make taxes in all things even there is small or big transaction in bitcoin. Also some of them is the master mind of some criminality in online site. And i think its better if government is not involve to any cryptocurrency. |
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Wittycoin
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November 30, 2017, 12:31:50 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?
Bitcoin is banned in some countries because it can affect their own currency which we know that every government supports the money that we are using and I think they are afraid that people might subscribe bitcoin or any cryptocurrency rather than the money that the government are using. |
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Tumanggor
Full Member
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Merit: 109
1xBit.. recovered their reputation
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November 30, 2017, 12:32:51 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?
their knowledge of Bitcoin is still very low, so they are afraid Bitcoin will harm the citizens in their country and could also be afraid of their financial endeavors to die or lose compete with Bitcoin ... |
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FRJ
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Merit: 15
The Worlds Most Advanced Distributed Computer
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November 30, 2017, 12:46:35 PM |
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There could be many reasons for banning bitcoin in most of the countries.
May be, transaction through bitcoin is not so much profitable to the governments.
Again,it is very difficult to control bitcoin.As,it is out of control of the central bank.It can be another reason for banning bitcoin.
further,in past,bitcoin had been used in criminal activities.As,people can exchange it hiding self identity, so it not possible to catch the criminals without identity.
It can also be a reason to ban bitcoin in many countries.
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intoy_victor
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Merit: 16
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November 30, 2017, 12:54:19 PM |
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I dont know too why but this is my theory why they banned. Here it goes. Maybe other country has many users and it has big affect there economic. So the goverment alarmed. Or maybe other country they dont use bitcoin in a good way. Maybe they use it to transact money and exchange it to drugs. So that why.
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ignacio0404
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Activity: 79
Merit: 1
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November 30, 2017, 12:56:23 PM |
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To some countries, they may think that bitcoin is a false internet buzz. But according to some of the news, bitcoin is crazily increasing its demands and reviews! Some countries may think its a threat to their internet exploration, but no, bitcoin? as we can see? its amazingly successful.
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igybadger
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November 30, 2017, 12:59:40 PM |
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Bitcoin transactions are encrypted and while they can be tracked by involved parties, bitcoin provides a way to keep money and transactions away from the prying eye of the regulators.
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jikurpa
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November 30, 2017, 01:00:51 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?
may be bitcoin in their country making considerable inflation against the official currency of the country or bitcoin as fund raising for crimes committed in that country |
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ORiN
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November 30, 2017, 01:21:05 PM |
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some countries have not come up with a perfect system for controlling cryptocurrency yet , so it's easier to ban it...
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Lonthe
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November 30, 2017, 01:33:31 PM |
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Many countries are banned bitcoin because bitcoin marketcap continues to grow and has now reached more than $ 140 billion, bitcoin is a serious threat of real money so the government is looking for an easy solution that is banned bitcoin.
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patchot
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November 30, 2017, 01:44:43 PM |
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Because other countries around the world have a wide ranging view of the digital currency bitcoin or a “virtual currency.” Western superpowers like the United States and United Kingdom have shown a positive attitude towards the new technology. Some countries like Canada and Australia are still deliberating on what to do about Bitcoin, legally. And the many others have already made their decision against digital currency as a whole, and bitcoin, in particular, so here we’ll list the ten places you’ll find the most trouble using bitcoin. Keep in mind not recognizing or supporting the use of bitcoin and banning bitcoin are two different things. This article focuses on those who ban bitcoin legally, or in practice.
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_Mikasa_
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November 30, 2017, 01:55:21 PM |
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Because government can't issue tax when you are doing transactions via bitcoin.
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markdario112616
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December 01, 2017, 03:06:24 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?
Just a theory. It's because of some people in the Government are engaging in Bitcoin. As a public servant, they are bound to disclose every transaction they make or they are about to make to the public. Transparency is their biggest threat as it can unfold a lot story. Since there is already news that some Government officials engage or doing business with syndicates and they use Bitcoin as their mode of transactions. Imposing tax is also a problem, The government can't gain in this industry if ever. |
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