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Author Topic: why goverments dont put bitcoin  (Read 143 times)
npredtorch
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July 04, 2018, 02:52:54 PM
 #21

Bank Indonesia will prohibit payment transactions using bitcoin by 2018. This bitcoin prohibition will be regulated in a Bank Indonesia or PBI regulation that is planned to be issued in the near future.

Head of BI Transformation Program Center Onny Widjanarko said, in the PBI, electronic money that will be out in the near future will be arranged, one of them about bitcoin.

Any link that would back up that claim? Judging on that bold text it means they wouldn't entirely ban cryptocurrency on Indonesia.
It seems they have some sort of work around regulations before they will allow it again.

why they dont put bitcoin owners in jail and all crypto exchanges owners....

Don't you have any bitcoin on your wallet?
Why would you like to be put on jail?
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LDenis555
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July 04, 2018, 09:33:57 PM
 #22

The government now does not have the opportunity to apply any measures to people who are engaged in bitcoin. Many governments have not yet determined their attitude to bitcoin.

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July 05, 2018, 08:29:22 AM
 #23

Bitcoin has a different approach than typical currencies: No central bank manages it and the system operates on a peer-to-peer network protocol. Its hard for goverment to control it. That is the reason why
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July 05, 2018, 08:39:58 AM
 #24

how can the government know ho they are though, transactions are anonymous, one defining feature of cryptos. so it's impossible
Lamisa asfiya
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July 09, 2018, 05:36:05 PM
 #25

In my opinion, the government thinks Bitcoin is used in all acts of mischief and terrorism, Which is a cause of disaster for the country and the people of the country. The government is reluctant to keep the country thinking about the peace of the people.
tranvanvan
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July 09, 2018, 05:53:08 PM
 #26

You can buy houses with Bitcoin there (which you pay property tax on it forever). Most governments will be okay with crypto as long as they can tax it and regulate it. Weak governments will see it as a threat which you can already see with all those countries making it illegal.
You can’t ban crypto because there will always be a country that wel
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July 09, 2018, 11:28:30 PM
 #27

Really!! They should put all crypto holders to jail? Why do you suggest that anyways? If it's for the reason of being scammed, you've got to be very careful and know where you take your money to or you should not come in at all. Ideally fraud and scam has existed for long before blockchain was invented and so I think we still need to be very careful and protect our funds.
hiromichi
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July 09, 2018, 11:43:12 PM
 #28

Bitcoin is still too volatile and hard to manage it until ti becomes world's stable currency.
Velkro
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July 10, 2018, 12:07:35 AM
 #29

why they dont put bitcoin owners in jail and all crypto exchanges owners....
Because they don't break any laws? Even when some crazy goverment would penalize it, Bitcoin is international, you would need to "ban it" in all 250 countries to "eliminate it" and it still would exist in deep web.
Bitcoin can't be shutdown, simple as that in short.

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July 10, 2018, 07:40:56 AM
 #30

To be honest, Bitcoin is something that is based on decentralization and governments will not entertain anything that will take away power from their control. However, due to its unique infrastructure, it is almost impossible for the governments to track down all the Bitcoin owners and punish them. On the other hand, It is not a crime to use Bitcoin or any decentralized cryptocurrency as far as you are not using it for the legal purpose so it doesn't make any sense to punish everyone involved in cryptocurrencies. There is no law as of now that prevents us from using Bitcoin in most of the countries.

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