Starving_Marvin
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Open and Transparent Science Powered By Blockchain
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July 23, 2018, 08:53:13 AM |
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Probably one of the reasons can be that they are just not understanding the process of accepting cryptocurrencies, and they are not familiar with the positive aspects that they have, imho.
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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Marlo0619
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🚀🚀 ATHERO.IO 🚀🚀
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July 23, 2018, 09:51:45 AM |
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Many countries do not allow to use cryptocurrencies because it helps people better. It makes people rich. It makes them rich faster than getting a job. Investing in bitcoin is the best way to be rich faster than you ever imagined. Using cryptocurrency is not legal in many country because it is not supported by many institution especially banks. They do not allow to withdraw and deposit through bitcoin.
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[www.athero.io] ❒ ATHERO ❒ Internet 3.0 solution
▀▀█▄▄ A revolutionary decentralized digital economy ▄▄█▀▀ |
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Babyhouse
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July 23, 2018, 09:56:23 AM |
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A lot of counries do not allow cryptocurrency because digital currencies like Bitcoin operates with a decentralized system that is not regulated by central banks. This could create a great challenge for the financial system since digital currencies will not have a stable exchange rate that is controlled by the central bank
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weeklyeth
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July 23, 2018, 09:59:18 AM |
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many countries believe cryptocurrencies will increase money laundering mainly in India the arguments are going in the court hopefully they accept crypto in the coming future
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Rajamuda
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July 23, 2018, 10:13:02 AM |
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on my mind that for those who still do not allow.. the point is it's an excessive worrying about the crypto's characteristics that could have a negative impact on the financial system of government and probably still largely prohibited in relation to the regulation of the financial system of government or laws which's still possible next time it would allow it will be accepted and supported. Still thinking also.. that it's still in the process of examination to be able to accept it.
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newcollegestar
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July 23, 2018, 10:17:21 AM |
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Its because that since BTC is decentralized which means the Government does not have control to it, it means that people can take advantage to it, some countries are aware about its power but does not dare to comply with it because they know that it is decentralized, especially Bitcoin.
I am always amazed with this comment. Why we are thinking it from other view. This isn’t about control the bitcoin. Bitcoin is decentralized and everyone knows it. We know this can’t be made or monitored or modified according to needs, this is controlling. But governments are not controlling this bitcoin, they are only making some rules according to which things can work fine. |
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coinplus
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July 23, 2018, 03:50:11 PM |
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state wants to get tax. the input and output of the money can not be controlled. also a serious competitor for bankers. also a good way to make money. countries are opposed to it. a money they can not control is troubling governments.
The fact that they are simply going to be losing that control which they are so much used to is enough to scare them into looking for ways to block the idea of cryptocurrency coming into play in the country, but this is not like they have any choice since a lot of it cannot be controlled anyway and they will simply end up missing out in the long run which I believe a lot of countries like this will end up coming around. Governments have been used to centralization, and seeing the opposite want to take the day, that is something we all know it would be hard for them to accept at once. |
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engrlodi
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July 23, 2018, 04:00:26 PM |
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The economy of this country can affect, that's why they ban cryptocurrencies in there country. The economy of the country will lose control and I think there will be a bad output if they uses cryptocurrencies. There is no taxes when we uses bitcoin, for sure if the bitcoin will have tax then the government will approved of using of bitcoin.
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Gila uang
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July 23, 2018, 04:15:50 PM |
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Some countries believe that cryptocurrencies and bitcoins pose a threat to their economy! Moreover, the supervision of cryptocurrency is still not perfect, and the supervision of cryptocurrencies in all countries of the world is at the stage of exploration!
There are still many countries and regions that do not ban or recognize cryptocurrencies!
With the development of blockchain technology, many countries will support cryptocurrencies in the future!
Recently discovered that many mafia cases have been found that actually use bitcoin in this way only. This is the biggest and major reason why countries are trying to avoid unwanted use. They also want to protect public funds by stealing methods, fake exchange crypto and schemes etc. You are not wrong with your math but about the security and laundering things that may come up front. Most countries fear that large sums of money may be washed with the help of bitcoin and thus may cause disruption to the economic circulation in that way. |
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Btcschool
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July 23, 2018, 04:55:06 PM |
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Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?
Those countries that do not allow crypt in their countries are experiencing blockchain technology. This is upcoming technology and hard to understand. One of my friends is getting his PhD degree in blockchain technology. When a country knows this technology they allow their people to trade and invest in cryptocurrency, but before they ban it likely. |
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andrei56
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July 23, 2018, 05:12:07 PM |
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It is obvious that the governments of many countries of the world do not allow the use of cryptography afterwards so that they can not control the flow of money. The flow of money that passes through crypto does not pass through banks that are controlled by the government. Demand and use of the national currency also falls.
And that is not all, governments not only lose a great deal of control over the currency and over the people they also lose the ability to charge you tax or to confiscate your money and that is something they do not like at all, and that is why they do not want to adopt cryptocurrencies but the truth is that they may not have too much of a choice. |
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brolekset
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July 23, 2018, 06:50:53 PM |
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It is not profitable for their economies.Now imagine every country already has its own established currency that brings Pribyl state.And not small!And here someone wants to introduce a new, unknown currency.Which they can't even tax.It's simple.They do not benefit
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tylerderden
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July 23, 2018, 07:35:15 PM
Last edit: July 25, 2018, 07:55:48 PM by tylerderden |
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Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?
In the above example the buyer and the seller are both legit and they are honest but what would happen in case of a money launderer or a drug dealer dealing with a person with cash he is selling ill gotten goods and money and that's what the government don't like and that's why they are banning crypto worldwide. But their approach is not correct as they should regulate crypto and not ban it as its also a boon to mankind. |
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newuser20
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July 23, 2018, 08:10:37 PM |
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Because this moment is not completely resolved and we can not be confident in the Crypto currency due to high volatility  |
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Kambal2000
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July 23, 2018, 08:41:52 PM |
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Because this moment is not completely resolved and we can not be confident in the Crypto currency due to high volatility It may be one of the reason why they don't want crypto due to the dumping and pumping of the price but aside from that they don't want change and they are threatened with bitcoin as some of their investors instead in investing in stocks are now investing in crypto instead of them, so it creates threat to them. |
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Zabzab9
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July 23, 2018, 09:48:30 PM |
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Its about the perception of every government on every country. They are afraid of technological manipulation since internet is a widest and deepest field of information about anything.
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brianross7
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July 24, 2018, 02:16:49 PM |
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Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?
I completely agree with your opinion but there are something which is considered beside this point. the government couldn't handle all of the transaction which criminals use it for illegal activities. Crypto currencies are kept by the people around the world so this value of the currency would not be stable. the banking system will be damaged due to the free fee convert currency in the globe through crypto currencies. |
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Dudeperfect
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July 24, 2018, 02:27:50 PM |
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As we all know that governments are greedy for the control and crypto is something that takes away power from the centralised authorities and gives it to the users. Now, the government is certainly not willing to give away their power and control and that's the reason why the governments are willing to eliminate the usage of cryptocurrencies indirectly.
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Sier86
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July 24, 2018, 02:38:52 PM |
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Answer is easy - crypto is mostly used to wash dirty money from illegal crime activities, so countries cannot allow to use crypto is there is not any person indefication. It can cahnge if crypto is under control
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X-Block.io
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ThePunisher49X
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July 24, 2018, 04:57:19 PM |
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Some nations are banning it because of not knowing what it is all about.
They are saying bitcoin uses a lot of electricity when a transaction is made.
Everybody who knows cryptocurrency can attest. Because this only happens when mining a certain algorithm is attempted to be solved and not when the actual transaction is done from the senders end.
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