Sefan Posted May 17, 2019 #26 Posted May 17, 2019 I would guess that its cause they have some struggle getting tax income and they think that the risk of trading bitcoin is to large, thats the only reason i can come up with why a country would ban cryptocurrency
nitendo Posted May 17, 2019 #27 Posted May 17, 2019 My country banned btc to buy something in real life but not banned to trade
rajamishra Posted May 17, 2019 #28 Posted May 17, 2019 hello friends earlier discussion if the crypto used every where then all rich people are fear their money will be stopped rotating to grow.that's the main cause. another thing black money will be opened to everybody.then how they control over the poor people and ruled.its true fact
ivaylo2000 Posted May 30, 2019 #29 Posted May 30, 2019 No one government likes BTC publicly. There was no taxes , hard to find who trade with it and banks profit going down. But they close eyes and use BTC for the gray economy and corruption.
nattekut Posted May 31, 2019 #30 Posted May 31, 2019 those countries who ban BTC or crypto are just worried or have concerns about their financial system. They hate that people have the ability to have everything in their own control. But like etude said they could better study the advantages of blockchain technology to improve their systems.
FotisNt Posted June 1, 2019 #32 Posted June 1, 2019 just use a VPN and you are like u r connected from anywhere u want. so many ways on the internet.
FotisNt Posted June 6, 2019 #33 Posted June 6, 2019 it makes me think about money loaundering too as you mentioned... now it makes more sense... ugh i was noob not to auto think that. However beside taxations I must admit they also are friendly towards blockchain/crypto related startups. But only those that can contribute to the existing community.
ginoso2019 Posted June 6, 2019 #34 Posted June 6, 2019 the only reason why some countries might want to ban bitcoin is the fear of losing part of the revenue (taxes, bank fees) and their economic influence on people
htetaungxx Posted June 6, 2019 #35 Posted June 6, 2019 my country central bank also announced that not only bitcoin butalso all of cryptocurrency are unstalble and somthing i didnt remomber, so our country of sellers and buyers 80% are scare to be trde and all they said they dun work anymore. and as my country of people didnt know what is cryptocurrency and how to use and dont know anything about it (i mean 80% of my country people), so they dun want to use or even dunt want to know about cryptocurrency and unstable than they auto ban all of coin. they didnt trust in it.
sdsdfbsfsd Posted June 6, 2019 #36 Posted June 6, 2019 because its so secure and nearly untraceable unfrotunalty in some recent cases the criminal underworld are using it for their criminal activities etc ,which give the crypto world abad name
duggerd Posted June 9, 2019 #37 Posted June 9, 2019 I think it's because too many people abuse to cheat. Multi-level investment programs.
j240 Posted June 9, 2019 #38 Posted June 9, 2019 i think they do that to prevent money laundering , National security at risk if something happens
williamshennie9 Posted June 9, 2019 #39 Posted June 9, 2019 I would say it is mainly because they are fearful that bitcoin (or other coins) will replace and take over their fiat currency. They could lose power as a result of this. That is my opinion of why they want it banned
polor12 Posted June 13, 2019 #40 Posted June 13, 2019 is not that... but some of those points are true though.. other then that.. is the value it has as a currency.. is not paper money but its money that is worth then their currency value,,, as more people are buying or getting btc.. in a way to purchase anything online or in person.. without people using the paper money.. can devalue it.. right.. as more businesses are slowly understand and the popularity of btc.. we wouldnt need paper money no more.. and it would literally be the currency.. besides the types of crypto.. everyone will soon be carrying hard wallets instead..and t will be up there in the market right next to gold silver and weed..
yololife222 Posted June 13, 2019 #41 Posted June 13, 2019 hey,thats prety sad and good in the same time bad cuse people would be mad and wouldnt know what to do and if goverment wanted to ban it and didnt warn before many people would loose their curencys.Good cuse many would leav crypto gambling personaly i would be happy if they ban it in m,y country but that wont happen cuse its not popular.I think they are banning it cuse of the people doing suicides becose they looses what they cant afford to loose.
nhoyasim101 Posted June 13, 2019 Author #42 Posted June 13, 2019 35 minutes ago, iamsheikhadil said: Government officials are old fashioner traditional people who don't really understand technologies. They see it as foreign spies and other stuffs which might hamper with their way of living and economy. Similar stuffs happened with the growth of internet which was introduced in the 90s, and today every country almost has access to the internet. Government wants to control stuffs and hence they fear bitcoin as it is decentralized and hence uncontrollable and untrackable by them. It can also affect their economy and currency power as you mentioned old fashioner traditional people who dont really understand technologies? not all buddy,, remember that "what we have today is because of them'' we are enjoying a lot of their invention,, agreed with you that government fear of btc hence it was uncontrollable that it will really affect economy in every country,, yes because the bottom line here is the TAX which i think tax is the income of every country, funding the infrastructure, security, education, etc etc etc,, and how can you tax the btc? even in us government are still studying on how to tax btc.. now if you guys are in the side of government what is the best thing to do? suport btc? why? ban btc? why?
SirKappa3000 Posted June 13, 2019 #43 Posted June 13, 2019 I believe a lot of governments are afraid of it's decentralized nature which they have no control over and thus start to see crypto as the enemy. Just a random thought of the day
neich Posted June 13, 2019 #44 Posted June 13, 2019 I think the reason BTC is banned in some countries is because the money is untraceable. The BTC breeds stealing and corruption. I can steal millions of government money, turn it to BTC and no one will know what I have done. It is as simple as that. The BTC is decentralized and untraceable. It gives the government big problems..
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