Post
Topic
Board Bitcoin Discussion
Re: why some country banned bitcoin?
by
Tantlizbat
on 01/11/2017, 09:01:22 UTC
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
There are some countries that ban ICO activities and not Bitcoin as you claimed. Country like China ban ICO and local exchange company because of their illegal activities contrary to the laws in China.  In recent time many ICO are becoming scam project day after day and there is need for the government of country to check mate their activities in other to protect her population from being scam.
The reason why some other country banned bitcoin because some user of bitcoin they use it in illegal activities, like buying drugs ang weapon, and some goverment they didnt like it because they cannot control or manipulate the bitcoin, and also because of all country have rules and laws, like paying taxes, bitcoin dont pay taxes.
It is noteworthy that some countries banned ICO in their concerned areas due to some illegal activities like buying weapon and drugs but I think that the government should introduce a new system of controlling mechanism of all there illegal activities.
Some countries like china have banned bitcoin may they have some different ideas about bitcoin. But as we know that china have banned bitcoin in 2013 but soon they gave permission to its people to use, trade and invest in bitcoin or even mine. I have no idea that any other country rather than china have banned bitcoin. All the countries in the world are using bitcoin and now the governments of many countries have legalized and regularized bitcoin in their countries.