Edward1977
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February 05, 2018, 11:21:07 AM |
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The payment system of bitcoin if totally free and anyone can invest or exchange bitcoin without using his/her real identity. Actually, I think that Governments just ban ICOs in short-term. They just need more time to regulate Cryptocurrency and tax from it.
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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Max79
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February 05, 2018, 11:22:11 AM |
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Maybe their government wants their own paper money to continue running and not be easily moved with the capability of bitcoin.bitcoin is a digital currency, and countries that have understood that potential have found bitcoin user plans for different needs, but one reason why a country forbids bitcoin because the country is experiencing the disadvantages of this very popular bitcoin.
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Daniel355
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February 05, 2018, 11:23:16 AM |
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Cryptocurrency's decentralized nature make it uncontrollable by governments and big companies... unless they started buying all of it. As we know, governments and big companies like to be in control and continue making profit to stay in power. That is why some countries are banning crypto currencies in their countries, Because bitcoin is totally a big money, of having controlling this it could make them rich as what influential person planning for this. But because they can't benefit on this, then they just banned for coming inside.
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ivanandena24
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February 05, 2018, 11:40:16 AM |
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Some countries banned bitcoin because there is a risk that it could be used to fund illicit terrorist activity or crime since 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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monirmostafiz
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February 05, 2018, 11:44:53 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?
I also want to know why some country banned bitcoin? if bitcoin is illegal? although bitcoin is a digital currency,how it hampered the economy? |
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Kahoy01
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February 05, 2018, 12:10:03 PM |
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Bitcoin has been banned in some countries because they think it is not profitable with the government. Just like the reason China prohibited the use of bitcoin and exercising of other cryptocurrency-affiliated activities. They think that the government wouldn't profit from it and that it might make their own national currency obsolete.
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Spades77
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February 05, 2018, 12:11:33 PM |
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In my opinion, some countries are banning Bitcoin because they don't know how to control it, they don't know how to get taxes from it. That's why they are discouraging people to use it, more so ban it.
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VeganNation
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February 05, 2018, 12:16:14 PM |
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The reason that countries ban cryptocurrency is that they want to maintain control of the people. When crypto comes into play there may be a loss of control.
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ggameon
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February 05, 2018, 12:39:06 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 isn't banned anywhere....no even north korea lol |
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chikading2016
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February 05, 2018, 12:56:44 PM |
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Bitcoin has been banned in some countries because they think it is not profitable with the government. Just like the reason China prohibited the use of bitcoin and exercising of other cryptocurrency-affiliated activities. They think that the government wouldn't profit from it and that it might make their own national currency obsolete.
Yes you are right. Because Other countries band Bitcoin maybe because they think that it might be a scam. And or possibly they might think that cryptocurrency will over power the the country's currency because cryptocurrency does not have tax. Whatever their reasons, they can not change peoples thought about bitcoin. |
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bitcoinskyrocket09
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February 06, 2018, 10:25:14 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 ban bitcoin because they think that it's a scum because bitcoin is a anonymous no one know where's the fund of bitcoin get and who is the one who start bitcoin. And some country ban bitcoin because they have not enough knowledge. We should help the other country to have a proper knowledge so that they'll understand well the importance and benefits that there country will get. We should spread a good news about bitcoin so that the other country will not ban bitcoin. |
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chaukhchi
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February 06, 2018, 10:49:29 AM |
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The main reason for this prohibition is really very difficult to control the price of Bitcoin. Bitcoin transactions are so anonymous why it is almost impossible to know the amount or price of the bitcoin if it happens how the government of each country will regulate the taxation that will be charged for bitcoin.
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megynacuna
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February 06, 2018, 11:04:36 AM |
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The main reason for this prohibition is really very difficult to control the price of Bitcoin. Bitcoin transactions are so anonymous why it is almost impossible to know the amount or price of the bitcoin if it happens how the government of each country will regulate the taxation that will be charged for bitcoin.
Well but there are many other means that people used to beat taxation long before bitcoin emerged on the scene and besides bitcoin isn't the only cryptocurrency out there and so any criminal can use other altcoins to beat taxes if the governments are so bent on banning only bitcoin. |
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cmacwiz
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February 06, 2018, 08:21:30 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 boon for the planet and represents the economic status of future but still it has few limitations that made several countries to ban cryptocurrency. Bitcoin being independent cryptocurrency has no governing body over it, so this invites many illegal activities like terrorism and many more and obviously no country can put it's national security in risk but once bitcoin will centralized then there would be no such issues and then these countries could also remove ban. |
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maryhansenn
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February 06, 2018, 08:47:31 PM |
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Countries and governments tend to believe what the social media writes. Sometimes it's bad info about bitcoin so they start to ban it. Also because the don't like the idea that bitcoin can not be tracked
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otandelapaz
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February 06, 2018, 09:40:55 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 or cryptocurrency in general because they cannot or will have a hard time to regulate it. This is money we are talking about. Government needs to get something (tax etc) from any activities that involves money. They also need to have control of it because it can be use in illegal activities. They need to have some rules and regulation concerning crypto. Now setting up new laws requires time and money, possible some countries don't want to spend their resources on something that will give them headache. |
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Akupuniard
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February 06, 2018, 09:44:57 PM |
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Bitcoins is something that making economy of many countries being worse than in others. So they are just baning bitcoin to recive more and more taxes from us.
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Daveeoff
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February 06, 2018, 10:04:16 PM |
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Because they can't tax it and because they "want to protect the people". Mostly because they can't tax it tho.
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gabinsight
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February 06, 2018, 10:14:27 PM |
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Not being able to control it, they don't gain from it, they are afraid of the fact that it is a Ponzi Scheme, user anonymity, tax invasion, highly scam related and finally they it is a treat to their economy due to Bitcoins volatility and so on. These are some of the reasons why some countries ban the use of Bitcoin.
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dyablo
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February 06, 2018, 11:04:21 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 country banned bitcoin because their government can't impose any tax from it, because every transaction happen in bitcoin is anonymous. They are afraid that it will affect especially their economic financial stability. And they are afraid that some of their people will use it in some illegal activities. |
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