Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Bitcoin Discussion
Re: Why bitcoin is not supported in some countries?
by
Oilacris
on 21/04/2017, 08:23:11 UTC
Quote from: ipungadhi on April 21, 2017, 08:15:56 AM
Quote from: Fireblazer on April 20, 2017, 10:49:43 AM
Quote from: Sadlife on April 20, 2017, 09:48:33 AM
The main reasons why some countries doesn't want to legalize bitcoin is because of it's volatile price in the market.
And it's anonymous feature that you cant track where the payments came from or a person's source of income.



Yes, many are afraid that in a few years he may disappear and do not want to bother. And they want to keep track of all operations.
The reason the government does not legalize bitcoin is not due to fluctuations of bitcoin But decentralization. It makes the government can not control bitcoin. That's the main reason dude
yes kts the main reason why bitcoin isnt accepted by most government on every country because they cant really able to control it which means taxation would be majorly affected by it and they dont really like that but still there are some countries do openly accept it like japan which is the homeland of its creator satoshi they decide to adopt it as a part of their pride.